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 & HK Strategy: 1Q25 Preview - The Good, the Bad, and the Ugly

HK Strategy: Sell in May, Go Away? The History Says Yes!

HSBC - BoCom Losses Not Yet Realized, Credit Metrics in HK and UK Are Worsening

Dongfang Electric (1072 HK): Good Sequential Improvement Masked

Dongfang Electric (1072 HK): Finding a Bottom

Dongfang Electric (1072 HK): Good Profit, Record Orders

Equity Bottom-Up

Shanghai Electric Group Company / Equity Bottom-Up

Shanghai Electric Group Company (2727 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shanghai-electric-group-company-limited-d542164d-4d5a-4ce0-b33e-5fe6bc34722c" target="_blank" data-smartkarma-citation="entities:8777:1" rel="noopener">Shanghai Electric Group Company (2727 HK)</a> (SEC) has more than doubled since Oct, riding on the Fanuc Robots acquisition and speculation of a backdoor listing of SMEE.</li>
<li>The Fanuc acquisition is very earnings accretive. The SMEE backdoor listing, if happens, will allow SEC to enter the extremely strategic and lucrative EUV lithography machine sector.</li>
<li>SEC's 3Q24 result has some improvements, but with profitability and ROE still low, there will be more newsflow on asset optimisation and restructuring. </li>
</ul>



Shanghai Electric Group Company (2727 HK) (SEC) has more than doubled since Oct, riding on the Fanuc Robots acquisition and speculation of a backdoor listing of SMEE.
The Fanuc acquisition is very earnings accretive. The SMEE backdoor listing, if happens, will allow SEC to enter the extremely strategic and lucrative EUV lithography machine sector.
SEC's 3Q24 result has some improvements, but with profitability and ROE still low, there will be more newsflow on asset optimisation and restructuring. 


Shanghai Electric (2727 HK): What Is Driving It Crazy?