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.

DPC Dash (1405 HK): Margin Potential Underappreciated

China Catering: Channel Checks Reinforcing Our Bullish View on DPC Dash

DPC Dash (1405 HK) – Sales Beats as New Markets Continue to Succeed

Equity Bottom-Up

<ul>
<li>The company’ share bucked China catering sector’s down trend and rallied 30% in last few weeks.</li>
<li>Its 2Q operating data suggest that its store opening is well on track with healthy SSSG, underpinning strong margin expansion.</li>
<li>We believe that market still underestimates its growth and earnings potential which could beat consensus by wide margin. Interim results to be announced in August will be key catalyst.</li>
</ul>


The company’ share bucked China catering sector’s down trend and rallied 30% in last few weeks.
Its 2Q operating data suggest that its store opening is well on track with healthy SSSG, underpinning strong margin expansion.
We believe that market still underestimates its growth and earnings potential which could beat consensus by wide margin. Interim results to be announced in August will be key catalyst.


DPC Dash (1405 HK): Strong 2Q Data Pointing to Underappreciated Growth and Margin Potential