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BEDU

Bright Scholar

$11.34

-1.08 (-8.70%)

10:00
10/02/18
10/02
10:00
10/02/18
10:00

Bright Scholar falls -7.8%

Bright Scholar is down -7.8%, or -97c to $11.43.

BEDU Bright Scholar
$11.34

-1.08 (-8.70%)

06/29/18
MSCO
06/29/18
UPGRADE
MSCO
Overweight
Bright Scholar upgraded to Overweight from Equal Weight at Morgan Stanley
06/29/18
06/29/18
NO CHANGE

Morgan Stanley shakes up China Education ratings, ups Bright Scholar, cuts TAL
As previously reported, Morgan Stanley analyst Sheng Zhong upgraded Bright Scholar (BEDU) to Overweight from Equal Weight and downgraded TAL Education (TAL) to Equal Weight from Overweight, telling investors in a note on the China Education sector that she now prefer stocks with a balanced growth outlook and valuation given China's regulatory and operational uncertainties. The analyst, who still prefers companies focused on after-school tutoring, called Rise Education (REDU) and New Oriental Education (EDU) her top picks in the space. Zhong also downgraded Four Seasons Education (FEDU) to Equal Weight and cut her rating on OneSmart Education (ONE) to Equal Weight from Overweight.
10/02/18
MSCO
10/02/18
DOWNGRADE
MSCO
Equal Weight
Bright Scholar downgraded to Equal Weight from Overweight at Morgan Stanley
10/02/18
MSCO
10/02/18
NO CHANGE
MSCO
Morgan Stanley ups RYB, cuts New Oriental in China education rating shake-up
As previously reported, Morgan Stanley made three rating changes, including one upgrade and two downgrades, as analyst Sheng Zhong evaluated the impact of new regulations in the sector. While the impact of the new rules are "largely priced in," higher requirements on infrastructure and teacher qualifications could raise costs, there will likely be more supervision on curriculum, extended hours could reduce students' tutoring time; shortened prepayment time will impact cash flow and new employee benefits could increase labor costs for some, Zhong said. The analyst downgraded New Oriental Education (EDU) to Equal Weight from Overweight and cut its earnings forecast by 9-25% for F19-21. Zhong also downgraded Bright Scholar (BEDU) to Equal Weight as part of the sector reshuffling. Zhong upgraded RYB Education (RYB) to Overweight from Equal Weight, stating that it could benefit from the high growth in newborn population and fewer regulation impacts.

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