TAL Education Group ADS

  • TickerIZZ
  • ISINUS8740801043
  • ExchangeBerlin Stock Exchange
  • SectorGeneral Retailers
  • CountryCayman Islands

Analysts

ValuEngine Rating and Forecast Report for TAL

ValuEngine Rating and Forecast Report for TAL

TAL EDUCATION GROUP with less fundamental stars is reduced to Neutral

TAL EDUCATION GROUP (US), a company active in the Personal Products industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 24, 2020, the closing price was USD 46.68 and its expected value was estimated at US...

UOB
Joyce Chan Pui Lai ...
  • Julia Pan Mengyao
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Oscar Jiang
  • Sandra Huang Jieqiong
  • Shaun Tan

Greater China Daily: Wednesday, January 22, 2020

KEY HIGHLIGHTS Sector Coal Stay cautious In 2020; downgrade to UNDERWEIGHT. Property More share placements by developers? Results TAL Education Group (TAL US/BUY/US$51.95/Target: US$60.00) 3QFY20: Strong offline growth, soft 4QFY20 guidance. Update Koolearn Technology Holding (1797 HK/NOT RATED/HK$25.50) Strategic penetration into lower-tier cities. Ping An Good Doctor (1833 HK/NOT RATED/HK$67.00) China telehealth – a game changer for healthcare consultation. TRADERS’ CORNER Yanzhou Coal (1171 HK): Trading Sell Range China Res Land (1109 HK): Trading Sell Range

UOB
Julia Pan Mengyao

TAL Education Group - 3QFY20: Strong offline growth, soft 4QFY20 guidance

TAL’s revenue jumped 47.2% yoy to US$862.4m, 3% above our and consensus estimates. Non-GAAP operating margin was 12.5%, down 3.4ppt, in line with our estimate. Non- GAAP net income of US$58.3m (-60% yoy) was in line with our estimate but missed consensus forecast due to a one-off impairment loss. 3QFY20 revenue guidance was 3- 5% below consensus estimate. Maintain BUY with an unchanged target price of US$60.00.

UOB
Chaiwat Arsirawichai ...
  • Desmond Chong Chee Wai
  • Jonathan Koh
  • Julia Pan Mengyao
  • Kowit Pongwinyoo
  • Malaysia Research Team
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Stevanus Juanda
  • Tanaporn Visaruthaphong

Regional Morning Notes - Wednesday, January 22, 2020

GREATER CHINA Sector Coal: Stay cautious In 2020; downgrade to UNDERWEIGHT. Property: More share placements by developers? Results TAL Education Group (TAL US/BUY/US$51.95/Target: US$60.00): 3QFY20: Strong offline growth, soft 4QFY20 guidance. INDONESIA Sector Consumer: Potential beneficiaries of rupiah appreciation. MALAYSIA Update Bermaz Auto (BAUTO MK/BUY/RM2.02/Target: RM2.60): While we still expect a weaker 3QFY20 due to the high base last year, 4QFY20 could see a meaningful recovery with full contribution from new models. Additional impetus is its attractive yield of 6.7-8.4%. Scientex...

UOB
Julia Pan Mengyao

TAL Education Group - 3QFY20: Strong offline growth, soft 4QFY20 guidance

TAL’s revenue jumped 47.2% yoy to US$862.4m, 3% above our and consensus estimates. Non-GAAP operating margin was 12.5%, down 3.4ppt, in line with our estimate. Non- GAAP net income of US$58.3m (-60% yoy) was in line with our estimate but missed consensus forecast due to a one-off impairment loss. 3QFY20 revenue guidance was 3- 5% below consensus estimate. Maintain BUY with an unchanged target price of US$60.00.

UOB
Chaiwat Arsirawichai ...
  • Desmond Chong Chee Wai
  • Jonathan Koh
  • Julia Pan Mengyao
  • Kowit Pongwinyoo
  • Malaysia Research Team
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Stevanus Juanda
  • Tanaporn Visaruthaphong

Regional Morning Notes - Wednesday, January 22, 2020

GREATER CHINA Sector Coal: Stay cautious In 2020; downgrade to UNDERWEIGHT. Property: More share placements by developers? Results TAL Education Group (TAL US/BUY/US$51.95/Target: US$60.00): 3QFY20: Strong offline growth, soft 4QFY20 guidance. INDONESIA Sector Consumer: Potential beneficiaries of rupiah appreciation. MALAYSIA Update Bermaz Auto (BAUTO MK/BUY/RM2.02/Target: RM2.60): While we still expect a weaker 3QFY20 due to the high base last year, 4QFY20 could see a meaningful recovery with full contribution from new models. Additional impetus is its attractive yield of 6.7-8.4%. Scientex...

Tian Hou

TAL: Positive FY3Q20 Performance Driven By Expansions In Both Online And Offline; Maintain BUY

TAL will report FY3Q20 results on January 21st before the markets open with an 8am EST conference call. We are positive on TAL’s performance in FY3Q20. Based on our data and calculations, we believe that TAL’s revenue in FY3Q20E is likely to be higher than consensus at $837M driven by capacity expansion in both online and offline. Peiyou’s fully registered attendee capacity grew at a faster pace of 49.6% Y/Y as the company was aggressively adopting online and dual-teacher models, and accelerating its offline expansion in FY3Q20E. We maintain our BUY rating and raise our PT to $60.00.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior