‘Best of the Best’ Stock Picks #2: China Distance Education Holdings (DL)
China Distance Education Holdings (DL) provides education services in China.
For one, China Distance offers online courses that help people learn skills and obtain certifications used for careers in fields such as accounting, healthcare and law. But it also offers online prep courses for students working toward higher education degrees, or studying for exams.
Demand for DL’s services has been strong, as growth in China is producing a middle class that wants to improve its education and career prospects. DL stock recently posted a triple-digit year-over-year earnings increase, and while analyst activity is light, sentiment remains positive.
DL stock was upgraded to an “A” by Portfolio Grader back in April, and like ABTL, China Distance should be considered a “strong buy” as its fundamentals improve.