Source: Tech – South China Morning PostEven after the US$5.8 billion rout that dealt a blow to some 15 companies from TAL Education to New Oriental Education and Technology Group, China’s after-school tutoring stocks probably have further to drop.Investment banks rushed to cut their recommendations and price targets on the tutoring sector at the weekend after Beijing unveiled tough new rules to overhaul an industry that is worth about US$100 billion.China International Capital Corp (CICC) has lowered its share price estimates on…Read More