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.

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Equity Capital Markets

Anker Innovations Technology / Equity Capital Markets

<ul>
<li>The IPO of <a href="https://www.smartkarma.com/entities/anker-innovations-technology-co-ltd-af2d0155-cc59-4895-b0bb-f09346c5fd0c" target="_blank" data-smartkarma-citation="entities:50274:1" rel="noopener">Anker Innovations (668 HK)</a>, which designs and develops consumer electronics for the global smart devices industry, appears reasonably priced.</li>
<li>It ranked 1st globally in mobile charging products, and its 3-year earnings CAGR is projected to reach 20.7%. The IPO is at a 22.8% discount to the A-share.</li>
<li>The stock should comfortably trade on 20% discount, meaning a fair price of HK$102.95, 3.7% upside. Aggressively, on 10% discount, the upside will reach 16.6%.</li>
</ul>


The IPO of Anker Innovations (668 HK), which designs and develops consumer electronics for the global smart devices industry, appears reasonably priced.
It ranked 1st globally in mobile charging products, and its 3-year earnings CAGR is projected to reach 20.7%. The IPO is at a 22.8% discount to the A-share.
The stock should comfortably trade on 20% discount, meaning a fair price of HK$102.95, 3.7% upside. Aggressively, on 10% discount, the upside will reach 16.6%.


Hisense Home Appliances Group (000921 CH)

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Foshan Haitian Flavouring and Food (3288 HK)

Contemporary Amperex Technology (3750 HK)

Victory Giant Technology (HuiZhou) (2476 HK)

Anker Innovations (668 HK) IPO: A Safe Play