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 Stimulus: Beneficiaries from a Policy Perspective

Lonking (3339 HK): Back to Attractive Zone

China Comm Const (1800 HK): Bullish Outlook Reaffirmed

China Comm Const (1800 HK): We See More Stories Coming

Thematic (Sector/Industry)

China Industrials / Thematic (Sector/Industry)

China Railway Construction Corp (1186 HK)

<ul>
<li>Both the State Council and NDRC reiterated last week the importance of introducing economic stimulus measures. These measures should benefit the infrastructure construction companies.</li>
<li>1Q23 new contract growth, ranging between 6.3% and 15.8%, is healthy. With issuance of special purpose bonds up 16.5% in 4M23, new contract momentum looks to accelerate.</li>
<li>We view <a href="https://www.smartkarma.com/entities/china-communications-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:265:1" rel="noopener">China Communications Construction (1800 HK)</a> most positively, given its diversified sub-segment coverage, highest overseas exposure, and best forward pipeline.</li>
</ul>


Both the State Council and NDRC reiterated last week the importance of introducing economic stimulus measures. These measures should benefit the infrastructure construction companies.
1Q23 new contract growth, ranging between 6.3% and 15.8%, is healthy. With issuance of special purpose bonds up 16.5% in 4M23, new contract momentum looks to accelerate.
We view China Communications Construction (1800 HK) most positively, given its diversified sub-segment coverage, highest overseas exposure, and best forward pipeline.


China Communications Construction (1800 HK)

China Stimulus: Benefiting China Infrastructure Construction Sector