TAL: Expect Better FY2Q20 Driven By High Growth In Course And Attendee Capacity Due To Online; Maintain BUY
TAL will report FY2Q20 results on October 24th before the markets open with an 8am EST conference call. Based on our data and model, we believe TAL’s FY2Q20E revenue is likely to be higher than consensus at $915M and our model. Peiyou is likely to grow 25.0% Y/Y vs. 20.0% Y/Y growth in FY1Q20 as its course and attendee capacities increased significantly due to its dual teacher and Peiyou Online.
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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