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.

Xiabuxiabu (520 HK): Strong CNY Bodes Well for the Year of 2023

China Catering Sector: In Search of Alpha

Equity Bottom-Up

<ul>
<li>Company's second largest shareholder General Atlantic sold out entire holdings at 5.9% to 6.4% discount to Monday close. </li>
<li>The placement reflected mainly General Atlantic's attempt to time market to recoup a 10-year investment instead of any negative read of company fundamentals, in our view.</li>
<li>Recent newsflow continues pointing to steady recovery in all business lines of Xiabu group.  Its valuation discount relative to peers  has not captured strong turnaround prospects. Sector top pick. </li>
</ul>


Company's second largest shareholder General Atlantic sold out entire holdings at 5.9% to 6.4% discount to Monday close. 
The placement reflected mainly General Atlantic's attempt to time market to recoup a 10-year investment instead of any negative read of company fundamentals, in our view.
Recent newsflow continues pointing to steady recovery in all business lines of Xiabu group.  Its valuation discount relative to peers  has not captured strong turnaround prospects. Sector top pick. 


Xiabuxiabu (520 HK): GA Clean-Up Trade Not a Concern

Xiabuxiabu Catering

Xiabuxiabu (520 HK): GA Clean-Up Trade Not a Concern