Greater China Equity Long/Short Analyst

Eric Chen

With a blend of sell-side and buy-side perspectives, Eric has covered and researched hundreds of Greater China equities in TMT and consumer spaces - two sectors woven together by the overarching thesis of technology empowering consumption. 

Eric is highly experienced in fundamental equity long short strategy. He seeks to produce differentiated and original research that combines holistic qualitative framework, unique angles and robust modelling. The process helps gain deep insights into critical value drivers misunderstood by the market, which results in mis-priced stocks and hence long/short opportunities.

Alibaba (BABA US) – Remain Committed to Enhance Shareholder Returns

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>In-Line results were overshadowed by company's pullback from March restructuring plan and Jack ma's family trust selling shares.</li>
<li>Worst sell-off in a year was over-reaction as abrupt changes unnerved investors who tended to interpret the events  with excessive negative sentiments.</li>
<li>Valuation almost priced in a scenario where company is overtaken by PDD in faltering Chinese economy. Selling amidst this extreme pessimism is the last thing investors want in our view. </li>
</ul>


In-Line results were overshadowed by company's pullback from March restructuring plan and Jack ma's family trust selling shares.
Worst sell-off in a year was over-reaction as abrupt changes unnerved investors who tended to interpret the events  with excessive negative sentiments.
Valuation almost priced in a scenario where company is overtaken by PDD in faltering Chinese economy. Selling amidst this extreme pessimism is the last thing investors want in our view. 


Alibaba (BABA US): Selling at This Valuation Is Last Thing You Want