NEW
YORK, Nov. 15, 2023 /PRNewswire/ -- Argus
Research, an independent investment research firm, has launched
Equity Research Report coverage on QuantaSing Group Ltd
(NasdaqGM: QSG)
Click Here to view full Argus Equity Research
Report.
COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus
Analyst Steve Silver) include:
QSG: A Leading Provider of Online Adult Education Services in
China
- QuantaSing is well positioned to capitalize on the growing
interest in lifelong learning in China, where the online adult education market
is still relatively undeveloped.
- We like the company's focus on maintaining profitability while
also launching new e-commerce businesses with strong growth
potential.
- As of June 30, 2023, QuantaSing
had more than 94 million registered users, up 60% from the prior
year and up more than 400% in just two years.
- QuantaSing recently acquired Kelly's Education, which offers
affordable online English classes for children, and which we expect
to provide entry to global markets, including Hong Kong.
- We believe that QuantaSing has the ability to boost adjusted
net margins from a current 10% to approximately 20% over time.
- Based on our EV/revenue analysis, we arrive at a fair value
estimate for QSG of $9 per ADS.
INVESTMENT THESIS: Click Here to view full Argus Equity
Research Report and Investment Thesis.
About QuantaSing Group Ltd (NasdaqGM: QSG)
https://ir.quantasing.com/
Founded in 2019, Beijing-based
QuantaSing Group Ltd. provides online learning services in
the People's Republic of China.
The company recently entered global markets through the acquisition
of Kelly's Education, based in Hong
Kong. The company's offerings include online courses in
financial literacy, short-video production, and personal
well-being, among others. QuantaSing also provides marketing,
enterprise talent management, and e-commerce services to business
customers.
For more information please contact:
Leah Guo, Investor Relations
QuantaSing Group Limited
Email: ir@quantasing.com
Tel: +86 (10) 6493-7857
Robin Yang, Partner
ICR, LLC
Email: QuantaSing.IR@icrinc.com
Tel: +1 (212) 537-0429
Public Relations
Brad Burgess, Senior Vice
President
ICR, LLC
Email: Brad.Burgess@icrinc.com
About Argus Research Corp.
Headquartered in NYC, Argus Research (www.argusresearch.com) is
a leading independent equity research firm (est. 1934) ̶
providing fundamental and quantitative research coverage on
more than 1,600 companies across all 11 sectors of the S&P 500,
as well as macroeconomic and equity market forecasts, thematic
research, model portfolios and IPO research. In addition,
Argus has recently committed to providing a sponsored research
solution for small & mid-cap companies seeking coverage.
Argus's Equity Research & earnings estimates are available on
major research / earnings estimate aggregator platforms, including
Bloomberg, Thomson Reuters, Factset and S&P Global.
For more Information please contact:
Darrell Stone
646-747-5438
dstone@argusresearch.com
Argus Research Co. has received a flat fee from the company
discussed in this report as part of a Sponsored Research agreement
between Argus and the company. No part of Argus Research's
compensation is directly or indirectly related to the content of
this assessment or to other opinions expressed in this report.
Please refer to the full Argus report and the disclaimer for
complete disclosures.
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SOURCE Argus Research