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.

"Buy the Worst" HSI Strategy: Big Win in 2022 and Let's See if It Can Sustain in 2023

What Is the Historical HSI Moves in Next Two Months, and Will It Follow This Year?

China Strategy: Are We Still Going to Have January Effect in 2024?

“Buy the Worst” Strategy into Year 3: What's on for 2022 to Beat the HSI?

A Mid-Year Review of Our “Buy the Worst” Strategy 2022: In Tandem with the HSI

A Mid-Year Review of Our "Buy the Worst" Strategy: Outperformed HSI by 20.9pp

Quantitative Analysis

Hong kong Industrials / Quantitative Analysis

<ul>
<li>We observed an interesting January effect for HSI in recent years. The Index posted the best monthly return in a year in four out of six Januarys since 2017.</li>
<li>At an average return of 3.9%, January is also the second best month for HSI. If not the super-strong Nov in 2022, January will rank as the best.</li>
<li>Conducive factors for a good January in 2023 include encouraging message from Central Economic Work Conference, moderation in US rate hike, rebound in Rmb and more relaxations in COVID measures.</li>
</ul>


We observed an interesting January effect for HSI in recent years. The Index posted the best monthly return in a year in four out of six Januarys since 2017.
At an average return of 3.9%, January is also the second best month for HSI. If not the super-strong Nov in 2022, January will rank as the best.
Conducive factors for a good January in 2023 include encouraging message from Central Economic Work Conference, moderation in US rate hike, rebound in Rmb and more relaxations in COVID measures.


Is There a January Effect in Hang Seng Index?