HK/China Equity Long-Short

Osbert Tang, CFA

Osbert Tang is an equity analyst with over 20 years of experience with focuses on China transport, infrastructure, industrials and utilities sectors. He has been based in Shanghai since 2003, accumulated nearly 20 years of on-ground knowledge on the Chinese economy and financial markets, and has a wealth of contacts with China corporates and government entities. 

Osbert has received votes from top-tier institutional investors and has been a highly-ranked transport and infrastructure analyst in the Asiamoney, Institutional Investors and Greenwich surveys. In addition to his extensive experience with international investment banks including RBS, ABN AMRO (both served as Shanghai Chief Representative), Paribas Asia Equity, Maybank Kim Eng and DBS Securities, he has been a senior analyst with Moody’s Investors Service with focus on ratings of China infrastructure and related LGFV issuers. He has also worked in the area of strategic development at Sun Hung Kai Properties Limited. 

Osbert holds a BBA from the Chinese University of Hong Kong, an MBA from the University of Texas at Austin and a MSSc in Applied Psychology from the City University of Hong Kong. He was accredited with the CFA charter in 1997, and is a member of both British Psychological Society and Hong Kong Psychological Society.

Dongfang Electric (1072 HK) And CIMC Enric (3899 HK): Two Stocks for the Next Five Years

CIMC Enric (3899 HK): Growth Outlook Secured by Encouraging Orderbook

Dongfang Electric (1072 HK): Heading Towards Another Fruitful Year

CIMC Enric (3899 HK): Still Running on the Fast Lane

CIMC Enric (3899 HK): Growth Outlook Supported by Multiple Engines

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/cimc-enric-holdings-ltd" target="_blank" data-smartkarma-citation="entities:47:1" rel="noopener">CIMC Enric Holdings (3899 HK)</a> has a steady 3Q22 with good revenue growth for the chemical &amp; environmental and liquid food segments. Management also said margin has expanded YoY.</li>
<li>Overall order backlog of Rmb13.7bn is generally sufficient to cover individual segment's revenue over the next 6-15 months, comfortably securing the growth prospects. </li>
<li>With significant overseas revenue, it is benefiting from depreciation of Rmb against the USD. It also anticipates a pick-up in domestic clean energy segment growth in FY23.</li>
</ul>



CIMC Enric Holdings (3899 HK) has a steady 3Q22 with good revenue growth for the chemical &amp; environmental and liquid food segments. Management also said margin has expanded YoY.
Overall order backlog of Rmb13.7bn is generally sufficient to cover individual segment's revenue over the next 6-15 months, comfortably securing the growth prospects. 
With significant overseas revenue, it is benefiting from depreciation of Rmb against the USD. It also anticipates a pick-up in domestic clean energy segment growth in FY23.


CIMC Enric (3899 HK): Maintaining a Solid Trend