The following press releases and media reports about Chinese companies were carried on January 28. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
Greater China Still Biggest Contributing Region as iPhone Sales Top Out (Chinese article)
China Cinda Said to Study Joining Yingli’s (NYSE: YGE) Debt Restructuring (English article)
Ericsson (NYSE: ERIC) Q4 Results Beat Expectations on China Rebound (Chinese article)
Qihoo (NYSE: QIHU) CEO Pledges 10 Pct Stake to Encourage Staff Entrepreneurship (English article)
TAL Education (NYSE: XRS) Announces Financial Results for Its Fiscal Q3 (PRNewswire)
Bottom line: Hailiang looks well placed for growth due to its small size, a major new expansion and positioning in the recession-proof education space, which could help to boost its shares that look quite cheap at current levels.
Hailiang builds business in primary education
After a period of neglect due to their low-tech image and overly eager expansion by some, Chinese education stocks appear to be coming back into vogue on growth that looks solid, if not spectacular. On the heels of solid quarterly reports by 2 sector leaders 2 weeks ago, the much smaller and recently listed Hailiang Education (Nasdaq: HLG) has just released its first post-IPO earnings report that shows similar respectable growth. But more intriguing is the potential for growth acceleration, as the company launches a massive new campus and starts to expand its well-regarded brand as one of China’s leading private educators.
As a regular China IPO watcher, I’ll admit that Hailiang didn’t make it onto my radar screen in July when it made a small offering using the relatively low-profile “best-efforts” method. That’s not too surprising, since China’s markets were in free-fall at that time after a spectacular run the previous year, and their downward spiral was infecting most of their US-listed Chinese cousins. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 23. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
Wumart Stores (HKEx: 1025) to Private, De-List as Trading Resumes (Chinese article)
Apple (Nasdaq: AAPL) Launches New Clean Energy Programs in China (Businesswire)
Xiaomi Smartphone Shipments Fall for First Time Q/Q, Eyes US (Chinese article)
TAL Education Announces Unaudited Fiscal Q2 Results (PRNewswire)
STO Eyes Backdoor Listing, to Become First Listed Private Delivery Firm (Chinese article)
The following press releases and media reports about Chinese companies were carried on October 10-12. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
China Resources Unit to Sell Wal-Mart (NYSE: WMT) China Store Stakes for $525 Mln (English article)
The following press releases and media reports about Chinese companies were carried on September 22. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════
Carrefour (Paris: CA) to Double China Convenience Stores by Chinese New Year (Chinese article)
Suning (Shenzhen: 002024) Logistics Begins Delivery Service for Tmall Supermarket (English article)
Xiaomi Caught in New Switcharoo Scandal for Redmi 2A Screen (Chinese article)
China’s Sky Solar (Nasdaq: SKYS) Soars After Signing $100 Mln Funding Pact (English article)
TAL Education (NYSE: XRS) to Acquire Firstleap Education (PRNewswire)
The following press releases and media reports about Chinese companies were carried on April 22. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Yum (NYSE: YUM) CEO Says China Business Mending, Sees Strong Year-End (English article)
ICBC (HKEx: 1398) To Provide $4.3 Bln In Financing For Pakistan Power Projects (English article)
Forbes Releases Wealthiest Chinese List, Internet “Big 3” BAT Chiefs In Top 10 (Chinese article)
The following press releases and media reports about Chinese companies were carried on January 23. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Wanda Cinema (002739.SZ) Surges To 44 Pct Limit on Shenzhen Trading Debut (English article)
WeChat Global MAU Reaches 440 Mln, Moments Ad Rates Revealed (English article)
Ping An (HKEx: 2318) Acquires City Of London Property For $482 Mln (English article)
TCL (Shenzhen: 000100) Reorganizes Into 3 Main Produce Areas (Chinese article)
TAL Education (NYSE: XRS) Announces Unaudited Results Fiscal Q3 (PRNewswire)
The following press releases and media reports about Chinese companies were carried on October 16. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Lenovo (HKEx: (992) To Set Up Internet-Focused Smart Device Firm In China (Businesswire)
Wanda Group Travel Unit Buys Zhejiang Everbright Travel Agency (Chinese article)
Integrated Circuit Investment Fund Set Up, Led By Tsinghua Unigroup (Chinese article)
TAL Education (NYSE: XRS) Leads $70 Mln Funding For US Minerva Project (PRNewswire)
Qihoo 360 (NYSE: QIHU) Targets 10 Pct Mobile Search Share By Year-End (English article)
The following press releases and media reports about Chinese companies were carried on May 15. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Chinese Charge British Former Head Of GSK (London: GSK) China With Bribery (English article)
The following press releases and media reports about Chinese companies were carried on January 28. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Shanda Games (Nasdaq: SNDA) Announces Receipt Privatization Offer (PRNewswire)
Tencent (HKEx: 700) WeChat Pushes into US, Promotes Linking to Google (English article)
LightInTheBox (NYSE: LITB) Announces Resignation Of CFO (Businesswire)
TAL Education (NYSE: XRS) Makes Strategic Investment In Babytree (PRNewswire)
Suntech (NYSE: STP) Announces New Acting CFO And Board Member (PRNewswire)
After a painful retrenchment over the last 2 years, China’s private education sector is showing early signs of a brighter future in the latest upbeat results of TAL Education (NYSE: XRS). The company not only posted growth that was solidly higher than its previous guidance, but also forecast an acceleration of that growth in the current quarter as it begins to reap the rewards of an overhaul that has produced a leaner, more focused company. The positive results prompted 2 major research houses to raise their price targets for the company, hinting that a new period of growth could be coming for long-neglected China education stocks. Read Full Post…
