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): Upzised Share Repurchase to Support Share Price

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>The sector sees dramatic improvement in profitability and cashflow thanks to cutback on marketing expenses and headcount reduction.</li>
<li>Topline growth is recovering but still clouded by sluggish macro conditions. It is understandable that investors treat these China proxies – one way or another – with caution.</li>
<li>The sector’s valuation will remain pressured before the property market stabilizes and key macro indicators show concrete signs of improvement, in our view.</li>
</ul>


The sector sees dramatic improvement in profitability and cashflow thanks to cutback on marketing expenses and headcount reduction.
Topline growth is recovering but still clouded by sluggish macro conditions. It is understandable that investors treat these China proxies – one way or another – with caution.
The sector’s valuation will remain pressured before the property market stabilizes and key macro indicators show concrete signs of improvement, in our view.


China Online Marketplaces: Recap of 2Q Results