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 Strategy: Evolution of H-Share IPO Premium/Discount

AviChina Industry (2357 HK): Excellent Exposure to A-Share Surge

AviChina Industry (2357 HK): The Discount to Narrow

Shanghai Top Numerical Control (7688 HK) IPO: Not so Appealing

Cofoe Medical Technology (1187 HK) IPO: Priced with Reasonable Potential Gain

Thematic (Sector/Industry)

China Industrials / Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> has filed its S-1 prospectus, with the IPO targeting to be on 12 Jun. There are several Hong Kong and mainland Chinese listed companies that may benefit. </li>
<li>
<a href="https://www.smartkarma.com/entities/shanghai-top-numerical-control-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:45697:1" rel="noopener">Shanghai Top Numerical Control (7688 HK)</a>, <a href="https://www.smartkarma.com/entities/tongyu-communication-inc" target="_blank" data-smartkarma-citation="entities:25352:1" rel="noopener">Tongyu Communication (002792 CH)</a>, <a href="https://www.smartkarma.com/entities/shenzhen-sunway-communicatin-co-ltd" target="_blank" data-smartkarma-citation="entities:13458:1" rel="noopener">Shenzhen Sunway (300136 CH)</a>, and <a href="https://www.smartkarma.com/entities/chongqing-zaisheng-technology" target="_blank" data-smartkarma-citation="entities:25126:1" rel="noopener">Chongqing Zaisheng Technology (603601 CH)</a> are more direct.</li>
<li>
<a href="https://www.smartkarma.com/entities/avichina-industry-technology-co-ltd-class-h" target="_blank" data-smartkarma-citation="entities:16315:1" rel="noopener">AviChina Industry &amp; Technology (2357 HK)</a> and <a href="https://www.smartkarma.com/entities/apt-satellite-holdings-limited" target="_blank" data-smartkarma-citation="entities:12240:1" rel="noopener">APT Satellite (1045 HK)</a> may gain from the spillover effects of the SpaceX IPO.</li>
</ul>



SpaceX (SPCX US) has filed its S-1 prospectus, with the IPO targeting to be on 12 Jun. There are several Hong Kong and mainland Chinese listed companies that may benefit. 

Shanghai Top Numerical Control (7688 HK), Tongyu Communication (002792 CH), Shenzhen Sunway (300136 CH), and Chongqing Zaisheng Technology (603601 CH) are more direct.

AviChina Industry &amp; Technology (2357 HK) and APT Satellite (1045 HK) may gain from the spillover effects of the SpaceX IPO.


Chongqing Zaisheng Technology (603601 CH)

Shanghai Top Numerical Control Technology (7688 HK)

Shanghai Top Numerical Control Technology

China Strategy: Some Main Beneficiaries of SpaceX Listing