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.

Haidilao's Imminent SpinOff of the Super Hi Overseas Business - Index Treatment and Implications

China Catering Sector: In Search of Alpha

Equity Bottom-Up

Haidilao International Holding / Equity Bottom-Up

<ul>
<li>Haidilao issued a positive profit alert last Friday which beat our and market expectations by a big margin. Profitability improved  mainly due to shutting restaurants and labor optimization. </li>
<li>We expect the news and the street's earnings revision will drive near-term stock rally. </li>
<li>That said, growth challenges remain and will be under spotlight during 2023-24. The expected stock rally will just build more expectations in the price. Take profit from the rally. </li>
</ul>


Haidilao issued a positive profit alert last Friday which beat our and market expectations by a big margin. Profitability improved  mainly due to shutting restaurants and labor optimization. 
We expect the news and the street's earnings revision will drive near-term stock rally. 
That said, growth challenges remain and will be under spotlight during 2023-24. The expected stock rally will just build more expectations in the price. Take profit from the rally. 


Haidilao (6862.HK): Growth Concerns Remain Despite Positive Profit Alert. Take Profit on Rally.