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.

China Construction Machinery: Good to the Last Drop

Lonking (3339 HK): Company Suggests Robust Outlook for 2021

China Construction Machinery: An Excellent Start for a Sustained Uptrend in This Year

Lonking (3339 HK): Back in Again Supported by Improved Risk-Return Payoff

COSCO Shipping Energy (1138 HK): It Looks Interesting Again Now!

SITC International (1308 HK): Well, a Very Quality Company but Too Much Too Fast

SITC International (1308 HK): Impressive 3Q20 to Support a Record Year in FY20

Thematic (Sector/Industry)

China Industrials / Thematic (Sector/Industry)

Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)

Cosco Shipping Energy Transportation Co. Ltd. (H)

<p>In this Insight, we review our three best trades - <a href="https://www.smartkarma.com/entities/cosco-shipping-energy-tran-h" target="_blank" data-smartkarma-citation="entities:646:1" rel="noopener">Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)</a>, <a href="https://www.smartkarma.com/entities/lonking-holdings-ltd" target="_blank" data-smartkarma-citation="entities:3944:1" rel="noopener">Lonking Holdings (3339 HK)</a> and <a href="https://www.smartkarma.com/entities/sitc-international-holdings" target="_blank" data-smartkarma-citation="entities:15301:1" rel="noopener">SITC International (1308 HK)</a> - in 2020. Based on our calls, these trades generated at least 42%, 37.5% and 81.6%, respectively, in this year, without staying 100% of the time in the market.</p><p>As for 2021, we believe the current levels for <a href="https://www.smartkarma.com/entities/cosco-shipping-energy-tran-h" target="_blank" data-smartkarma-citation="entities:646:1" rel="noopener">Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)</a> and <a href="https://www.smartkarma.com/entities/lonking-holdings-ltd" target="_blank" data-smartkarma-citation="entities:3944:1" rel="noopener">Lonking Holdings (3339 HK)</a> are still attractive in building new positions, while for <a href="https://www.smartkarma.com/entities/sitc-international-holdings" target="_blank" data-smartkarma-citation="entities:15301:1" rel="noopener">SITC International (1308 HK)</a>, we will wait for a pull-back to HK$12.0-13.0 levels before we re-establish our position. </p>

In this Insight, we review our three best trades - Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK), Lonking Holdings (3339 HK) and SITC International (1308 HK) - in 2020. Based on our calls, these trades generated at least 42%, 37.5% and 81.6%, respectively, in this year, without staying 100% of the time in the market.As for 2021, we believe the current levels for Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK) and Lonking Holdings (3339 HK) are still attractive in building new positions, while for SITC International (1308 HK), we will wait for a pull-back to HK$12.0-13.0 levels before we re-establish our position. 

Our Three Best Trades in 2020! and How Will We Position for 2021?