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.

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Equity Capital Markets

Zhongji Innolight   / Equity Capital Markets

<ul>
<li>ChiNext-Listed <a href="https://www.smartkarma.com/entities/zhongji-innolight-co-ltd" target="_blank" data-smartkarma-citation="entities:6986:1" rel="noopener">Zhongji InnoLight (300308 CH)</a> is seeking an H-share IPO in Hong Kong, with the market expecting it to raise US$7-8bn. It is trading at 36.4x FY26 PER.<a href="mailto:FY@^" target="_blank" rel="noopener"></a>
</li>
<li>Key positives are its industry leadership with first-mover advantage, position to gain from AI infrastructure spending, and strategic R&amp;D investment and technological strengths.</li>
<li>Key negatives are its very high customer concentration, significant geopolitical and US market exposure, and product and technology transition risks.</li>
</ul>


ChiNext-Listed Zhongji InnoLight (300308 CH) is seeking an H-share IPO in Hong Kong, with the market expecting it to raise US$7-8bn. It is trading at 36.4x FY26 PER.

Key positives are its industry leadership with first-mover advantage, position to gain from AI infrastructure spending, and strategic R&amp;D investment and technological strengths.
Key negatives are its very high customer concentration, significant geopolitical and US market exposure, and product and technology transition risks.


Zhongji InnoLight (中际旭创) Pre-IPO: Key Positives and Negatives