TALannounces Q3 report: The growth of online school is facing pressure
In terms of the growth rate of the revenue, it has accelerated for three consecutive quarters. The growth rate of 3QFY20 is close to 50% for the first time, and basically we can see the turning point.
With the intensification of extracurricular training policy supervision, most training institutions are affected in the short term, with small and medium-sized institutions greatly impacted. With the gradual closure of some small and medium-sized institutions, the national leading and regional giant training institutions are still expected to benefit from the increase in concentration in the long term. Strong foundation program policy benefits K12 extracurricular training.
Source: The above information is fromEverbright Securities, with source link: www.ebscn.com/. Please contact this company if full report is needed.