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.

Shenzhen Intl (152 HK): What's Wrong Recently?

COSCO Shipping Energy (1138 HK): More Downside than Upside at Current Level

Sinotrans (598 HK): Positive Profit Alert for 1H21

Thematic (Sector/Industry)

China Industrials / Thematic (Sector/Industry)

<p>With the Hang Seng Index pulled back by 8.6% from its recent high in late-Jun, we take a look on our universe to identify the key opportunities and risks in our coverage.  In our view, the three stocks that look attractive after the recent market retreat are: 1.) <a href="https://www.smartkarma.com/entities/sinotrans-limited-h" target="_blank" data-smartkarma-citation="entities:1321:1" rel="noopener">Sinotrans (598 HK)</a>, 2.) <a href="https://www.smartkarma.com/entities/kunlun-energy-co-ltd" target="_blank" data-smartkarma-citation="entities:10054:1" rel="noopener">Kunlun Energy (135 HK)</a> and <a href="https://www.smartkarma.com/entities/shenzhen-international-holdings-limited" target="_blank" data-smartkarma-citation="entities:9:1" rel="noopener">Shenzhen International (152 HK)</a>. On average, they are off 9.8% from the recent peak.</p><p>The three stocks to avoid are: 1.) <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>, 2.) <a href="https://www.smartkarma.com/entities/beijing-capital-international-airport-bcia" target="_blank" data-smartkarma-citation="entities:10626:1" rel="noopener">Beijing Capital International Airport (BCIA) (694 HK)</a> and 3.) <a href="https://www.smartkarma.com/entities/china-maple-leaf-educational" target="_blank" data-smartkarma-citation="entities:78:1" rel="noopener">China Maple Leaf Educational Systems (1317 HK)</a>. They have declined an average of 20.2% from their peak, and despite the low valuations, fundamentals remain unappealing.  </p>

With the Hang Seng Index pulled back by 8.6% from its recent high in late-Jun, we take a look on our universe to identify the key opportunities and risks in our coverage.  In our view, the three stocks that look attractive after the recent market retreat are: 1.) Sinotrans (598 HK), 2.) Kunlun Energy (135 HK) and Shenzhen International (152 HK). On average, they are off 9.8% from the recent peak.The three stocks to avoid are: 1.) Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK), 2.) Beijing Capital International Airport (BCIA) (694 HK) and 3.) China Maple Leaf Educational Systems (1317 HK). They have declined an average of 20.2% from their peak, and despite the low valuations, fundamentals remain unappealing.  

China Maple Leaf Educational Systems (1317 HK)

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

Cosco Shipping Energy Transportation Co. Ltd. (H)

Beijing Capital International Airport (BCIA) (694 HK)

Beijing Capital International Airport (BCIA)

Three Stocks Look Attractive and Three to Avoid Amid the Sell-Off