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Update on New Oriental Education (EDUC) - 4 Oct 2021
04 Oct 2021 (392 views)  

The educational technology stocks in China dropped sharply, in some cases more than 80%, since the China government imposed restrictions on their operations. The restrictions were aimed at discouraging parents to spend too much of their income on private tuition for their children.

I studied the 4 stocks that were affected and gave my report in this article. 

I believed that there is an opportunity for these companies to use their technology and knowledge to develop a new area of business, such as adult education and skill training.

Subsequently, I bought 20,000 shares of New Oriental Education (EDUC) at an average price of US$ 1.977.

The stock initially dropped in price but has subsequently recovered. On 1 October, the stock closed at $2.09 giving me a gain of 5.7%.

The same stock is listed in Hong Kong under 9801.HK. It is now traded at 11% higher than the previous closing price. I expect the price of EDUC to move up tonight.

Caution - I am just sharing my experience. This is not investment advice. 

Tan Kin Lian


Update on New Oriental Education (EDUC) - 4 Oct 2021
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The educational technology stocks in China dropped sharply, in some cases more than 80%, since the China government imposed restrictions on their operations. The restrictions were aimed at discouraging parents to spend too much of their income on private tuition for their children.

I studied the 4 stocks that were affected and gave my report in this article. 

I believed that there is an opportunity for these companies to use their technology and knowledge to develop a new area of business, such as adult education and skill training.

Subsequently, I bought 20,000 shares of New Oriental Education (EDUC) at an average price of US$ 1.977.

The stock initially dropped in price but has subsequently recovered. On 1 October, the stock closed at $2.09 giving me a gain of 5.7%.

The same stock is listed in Hong Kong under 9801.HK. It is now traded at 11% higher than the previous closing price. I expect the price of EDUC to move up tonight.

Caution - I am just sharing my experience. This is not investment advice. 

Tan Kin Lian