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.

CTG Duty Free Corp (601888 CH): Encouraging Initial Jul Duty Free Figures from New Hainan Policy

Chinese Airlines and Airports: Huge Benefit from Resumption of Cross-Province Group Tourism

Shanghai International Airport (600009 CH): Slight Softening in Momentum in Jun

China Intl Travel Service (601888 CH): Excellent Exposure to Hainan Free Trade Port Policies

China Intl Travel Service (601888 CH): Acquisition of 51% Stake in Hainan Duty Free a Value Deal

Chinese Airlines: ACCELERATED Recovery in May - Average Daily Traffic up 49% MoM

Equity Bottom-Up

China Tourism Group Duty Free Corp Ltd / Equity Bottom-Up

China Tourism Group Duty Free Corp Ltd (601888 CH)

<p><a href="https://www.smartkarma.com/entities/china-international-travel-service-corp" target="_blank" data-smartkarma-citation="entities:12278:1" rel="noopener">China Tourism Gp Duty Free Corporation (601888 CH)</a>, previously named <a href="https://www.smartkarma.com/entities/china-international-travel-service-corp" target="_blank" data-smartkarma-citation="entities:12278:1" rel="noopener">China International Travel Service (601888 CH)</a>, is expected to benefit from the surge in Hainan tourist arrival and the fast implementation of the government's new duty free policies. Tourist arrival to Hainan declined by 28.1% YoY in May, but there is a significant 35% MoM increase. Moreover, the MoM growth in day-trip tourist is an impressive 130%.</p><p>The government's rapid implementation of the duty free policies of increase annual duty free quota for tourists (domestic and international) to Rmb100,000 starting 1 Jul is expected to benefit it significantly during the upcoming summer vacation. The enquiries of visiting Hainan on ctrip's website have surged by over 200% in the last two days, and this suggests very positive response from the tourism market on the policies.  </p>

China Tourism Gp Duty Free Corporation (601888 CH), previously named China International Travel Service (601888 CH), is expected to benefit from the surge in Hainan tourist arrival and the fast implementation of the government's new duty free policies. Tourist arrival to Hainan declined by 28.1% YoY in May, but there is a significant 35% MoM increase. Moreover, the MoM growth in day-trip tourist is an impressive 130%.The government's rapid implementation of the duty free policies of increase annual duty free quota for tourists (domestic and international) to Rmb100,000 starting 1 Jul is expected to benefit it significantly during the upcoming summer vacation. The enquiries of visiting Hainan on ctrip's website have surged by over 200% in the last two days, and this suggests very positive response from the tourism market on the policies.  

China Tourism Gp Duty Free (601888 CH): Surge in Hainan Tourists & Duty Free Policy Implementation