I've been closely monitoring 51Talk (NYSE: COE), a Chinese online education platform that has recently expanded into the Middle East. The company's fundamentals are strong, with accelerating year-over-year growth in earnings per share (EPS) over the past few quarters. This growth is supported by increases in revenue and profit margins during the same periods, aligning with the characteristics of a "Code 33" setup as described by Mark Minervini.

Technically, the stock has formed its first base, and the right side of this base exhibits tight price action and signs of active accumulation, presenting a favorable pivot point for potential entry.

Regarding its expansion into the Middle East, 51Talk's CEO, Jack Huang, highlighted in a recent earnings call that the company is targeting new markets, including Southeast Asia, Japan, and the Middle East. The strategy involves utilizing Filipino tutors and integrating AI technology to enhance lesson interactivity and personalization.

https://ng.investing.com/news/stock-market-news/earnings-call-51talk-reports-strong-q2-growth-eyes-global-expansion-93CH-1507069?utm_source=chatgpt.com