New Oriental Education & Technology Group, Inc. SponsoredNYSE
Description
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test New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the following segments: K-12 AST, Test preparation, and Other Courses, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tours. The company was founded by Min Hong Yu and Yong Qiang Qian on November 16, 1993 and is headquartered in Beijing, China.
There is another company in same space (TAL) which also experienced similar downfall after China restricted K9 education at such private institutes. If they relax the rules a little bit they can see explosive growth again, like other chinese ADR like BABA did recently when there was talk about China relaxing some restriction on private companies.
CViewsTH
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I like the chart, thanks for sharing! Interesting that despite Chinese clamp down on education, large firms like Morgan Stanley still hold their positions. Dalio's Bridgewater Associates also increased position size by 24% in quarter 4. I think big things are coming, a wave five would make sense.