CIVY is one of only two ways to participate in the growing private education sector within a Chinese economy that has shown robust growth recently. The other play in the sector is New Oriental Education & Technology Group (NYSE: EDU; $43.00).
China Ivy is well positioned to exploit the unprecedented growth the Chinese economy is experiencing. The GDP of Suzhou City was $26 billion in 2006. However, the Suzhou Industrial Park, where Blue Tassel School is located, occupies only 4% of the land, yet contributed 15% to the city’s GDP, according to a government release.
Over the past three years, 100% of China Ivy’s high school graduates have passed the rigorous college entrance exam required by all the collegiate programs in China.
Based on the school’s success and achievements in robot design aviation and naval ship modeling during a national-level competition, it has been awarded the title of Science and Technology Charter School, a distinguished honor within the education sector.
According to the China Statistical Yearbook (2006), only 27.3% of secondary school graduates entered into higher education institutions in 1980. By 2005 that number ballooned to 76.3%.
Since 1980, the number of regular institutions of higher education within the PRC has grown from 675 to 1,792 in 2005. With China's booming economy, higher education enrollment has been growing quite rapidly, with a 2000-2005 CAGR of 22.9%. (China Statistical Yearbook, 2006)
According to www.chinahr.com, a citizen of China with a bachelor’s degree makes approximately twice as much as an individual with just a high school diploma.
Chart lows here: http://stockcharts.com/c-sc/sc?s=CIVY&p=D&yr=0&mn...
In February we saw this price move up over .20 on light volume. The company is profitable with $1.3m in Q3 2007. Looking forward to the Q4 filing which has been delayed.
$0.11 (04/04/08)
