TAL Stock: One of The Most-Desirable Chinese Stocks in 2023

Chinese stocks are booming as the country is easing COVID-19 restrictions. As per the Wall Street Journal, China’s National Health Commision is accelerating plans to dismantle zero-Covid controls in the wake of nationwide protest.

TAL Education Group (NYSE:TAL), Bilibili Inc. (NASDAQ:BILI), New Oriental Education & Tech Grp (NYSE:EDU,) and Tencent Music Entertainment Group – (NYSE:TME) all traded high this week.

TAL Stock Price Analysis

In this week, TAL stock’s performance increased by 21.06%. The stock started the action from the range of 5.65 USD on Monday morning, and closed at 6.65 USD on weekend, as per the data sourced from tradingview. However its average volume is 9.19 Million. TAL stock has a market cap of 3.90 Billion.

This Chinese stock became one of the most desirable stocks for 2023. Besides Alibaba (BABA), Baidu (BIDU), Trip.com (TCOM), Yum China Holdings (YUMC), as per the NASDAQ report.

The Chinese Education Giant

TAL Education Group (NYSE:TAL) is one of the leading education firms in China. It was founded in 2003 and till date marked an amazing growth in the education industry of China. It gave quality academic tutoring services to students from kindergarten to K-12 with its online as well as offline education.

The education group further operates its schools which offers a comprehensive education program with regular academics, language courses, and extracurricular activities. TAL is expanding its roots by providing test preparation services for Chinese College Entrance Examination with its innovative and effective teaching techniques.

No doubt, TAL is helping its country to grow more in the education industry. It would sound strange but amid the pandemic, TAL Education Group performed exceptionally good. As its online tutoring recorded a massive hike while people were inside their home. Thus the education group grows at an explosive pace.

In recent ten years, TAL revenue has risen from just $177.52 Million to approximately $4.4 Billion. Even during the harsh market conditions in COVID-19, the education group performed quite well and fetched the attention of Wall Street as it became one of the most-desired Chinese Stocks.

Despite an overall decline in its revenue, TAL’s strong online presence and impressive profit gain pushed it to grow more in upcoming years.

Disclaimer

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