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.

DPC Dash (1405 HK) – Sales Beats as New Markets Continue to Succeed

DPC Dash (1405 HK): Margin Potential Underappreciated

DPC Dash (1405 HK): Strong 2Q Data Pointing to Underappreciated Growth and Margin Potential

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<ul>
<li>Company issued 1H24 profit alert after market yesterday which significantly beat even the high-end sell-side expectations. </li>
<li>Impressive SSSG and store-level unit economics imply sizable potential for operating leverage and earnings growth in the mid to long term.</li>
<li>The profit alert, along with 2Q operating data released earlier, reinforced our confidence in earnings estimates of RMB130 million/RMB300 million for FY24/25 respectively. </li>
</ul>


Company issued 1H24 profit alert after market yesterday which significantly beat even the high-end sell-side expectations. 
Impressive SSSG and store-level unit economics imply sizable potential for operating leverage and earnings growth in the mid to long term.
The profit alert, along with 2Q operating data released earlier, reinforced our confidence in earnings estimates of RMB130 million/RMB300 million for FY24/25 respectively. 


DPC Dash (1405.HK): 1H24 Profit Alert Validating Investment Case