Chinese stocks are preparing for growth?
TAL Education предупредила, that compliance with China's stricter rules on the K-12 extracurricular learning business will hurt financial performance Recently released official measures by the Beijing municipality make post-school service providers "subject to review and re-registration, aimed at reducing their number in several stages",-TAL Education said in a press release today. When to buy shares? Other suppliers will be registered as non-profit organizations in accordance with Beijing's instructions, adopted last month. Other municipalities may follow suit., stated in the company, добавив, that they will comply with these measures. "The Company's compliance with these measures will have a significant negative impact on its existing after-school training business. (AST), results of activity and financial condition",-warned TAL in a press release. Chinese stocks look attractive in the long termChinese stocks look attractive in the long term "In particular, in accordance with the Beijing measures, the Company stopped offering academic classes on AST on weekends, national holidays and during the current school holidays in Beijing. Historically, this is how it has been., that AST academic revenues during these time periods accounted for the majority of the Company's total revenue",. TAL Education shares lost in stock market today 4%. New Oriental Education & Technology $EDU fell on 7% . The relative strength of TAL Education and EDU shares has fallen this year., что свидетельствует о серьезной неудовлетворительной работе по …
