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.

[iQIYI, Lnc. (IQ US,) Target Price Change]: Short-Term Catalysts Not to Solve Long-Term Challenges

[iQIYI, Lnc. (IQ US) Target Price Change]: Reiterate SELL for Increasing Competition

[iQIYI, Lnc. (IQ US, SELL, TP US$5) Target Price Change]: Content Pipeline Weakens After

IQiyi(IQ.US) 4Q22 Preview: Strong Content Only Secures Temporal Performance

IQIYI Follow-On Offering - Might Be Expected but Its Track Record Is...

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<ul>
<li>IQ released a set of clean-beat 4Q results, marking the end of turnaround and the start of high-quality growth.</li>
<li>Years of investments in original content production capabilities paid off and solidified IQ's leadership in China's long form video industry. </li>
<li>Successful refinancing removed debt overhang. We expect IQ to generate RMB3.5 billion net profit out of RMB32 billion revenue for 2023 and see further upside to share price.  </li>
</ul>


IQ released a set of clean-beat 4Q results, marking the end of turnaround and the start of high-quality growth.
Years of investments in original content production capabilities paid off and solidified IQ's leadership in China's long form video industry. 
Successful refinancing removed debt overhang. We expect IQ to generate RMB3.5 billion net profit out of RMB32 billion revenue for 2023 and see further upside to share price.  


IQIYI (IQ US): From Turnaround to High-Quality Growth

iQIYI Inc

IQIYI (IQ US): From Turnaround to High-Quality Growth