A director at China Education Group Holdings Limited bought 41,067,793 shares at 4.032HKD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
Battleground Spot For Global Equities Last week we highlighted what appeared to be rising wedge breakdowns in the MSCI ACWI, ACWI ex-US, EM, and EAFE indexes, and suggested some consolidation made sense as we get a feel for how the process of re-opening the economy is going. It ended up being a very brief consolidation period and all horizontal support levels held strong. With all the aforementioned indexes breaking above the resistance levels that we highlighted last week, it tells us momentum...
Solid acquisitions ahead CEG announced it has entered into an agreement to acquire 50.91% stake of an independent college in Shandong Province with huge potential in terms of operational and financial improvement in the foreseeable future. The new acquisition is solid proof of CEG’s strong M&A capabilities, and in our view, the external expansion of private higher education groups is in steady progress and seemingly the regulatory changes had brought limited impact to the industry. We maint...
A solid set of FY18 results, maintains BUY CEG reported a solid set of results for the Jan-Aug 2018 period, with adjusted attributable net profit of RMB441.9mn, along with margin expansion coming in ahead of our estimates. We reiterate our positive view on China’s private higher education sector on the back of its high visibility of strong growth and less regulatory uncertainties. FY19E/20E net profit estimates trimmed by -2.2/0.3% and DCF-based PT revised down to HKD15.0 (from HKD15.7)....
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