www.ubssecurities.comThisreporthasbeenpreparedbyUBSSecuritiesCo.Limited.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE29.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.abcGlobalResearch15January2020ChinaEducationSectorUBSEvidenceLabinside:demystifyinglower-tiercities;identifyingwinnersUBSEvidenceLabsurveybringspositivetakeawaysforonlineASTandTALUBSEvidenceLabconcludeditsthirdannualafterschooltutoring(AST)survey,thistimewithincreasedsamp...
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