TAL: Complying With Government Regulations While Managing FY3Q19 Growth; Maintain BUY
TAL will report FY3Q19 earnings on Thursday, January 24th before the markets open with an 8am EST conference call. The Chinese government came out with four different sets of policies regulating the non-State-owned education sector, including the off-school tutoring area. Due to the policies, TAL provided its FY3Q19 guidance much lower than its growth in FY2Q19 and previously at 30% - 32% Y/Y growth.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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