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 Travel Intl Inv (308 HK): Revisiting This Undervalued Recovery Play

China Travel Intl Inv (308 HK): The Fruit Has Ripened?

China Travel Intl Inv (308 HK): A Laggard that Sets to Catch Up

China Tourism and Hospitality Industry: A Year of Revenge

Equity Bottom-Up

China Travel International Investment Hong Kong / Equity Bottom-Up

China Travel International Investment Hong Kong (308 HK)

China Travel International Investment Hong Kong

<ul>
<li>
<a href="https://www.smartkarma.com/entities/china-travel-international-investment-hong-kong" target="_blank" data-smartkarma-citation="entities:3879:1" rel="noopener">China Travel International Investment Hong Kong (308 HK)</a>'s 1-week share price rally was driven by restructuring speculations. Yet, underlying operations have improved in 2H24.  </li>
<li>Tourist attractions and hotel operations will stay decent in FY25, and more projects will come on stream to fuel profitability.</li>
<li>Asset-Based valuation should be the focus, and its 0.49x P/B is inexpensive. Net cash now equals 8.2% of the share price. </li>
</ul>



China Travel International Investment Hong Kong (308 HK)'s 1-week share price rally was driven by restructuring speculations. Yet, underlying operations have improved in 2H24.  
Tourist attractions and hotel operations will stay decent in FY25, and more projects will come on stream to fuel profitability.
Asset-Based valuation should be the focus, and its 0.49x P/B is inexpensive. Net cash now equals 8.2% of the share price. 


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