New Oriental Education (EDU)

Allan Tong’s Discover Picks The company itself has a long history and extensive operations. It isn’t a speculative, fly-by-night company. It’s been around for 28 years and went public in the U.S. in 2006. Its revenue from language schools, online learning, K-12 tutoring services and bookstores climbed 16% to $3.58 billion in the fiscal year ending May 2020, then rose another 10% for the first nine months of fiscal 2021. However, EDU-N the company spent more on promotions and discounts to attract students, which rose 18%. Read Are these 3 Chinese stocks still worth buying? for our full analysis.