Osbert Tang

[Osbert Tang @tang_osbert]

Sa Sa Intl is trading at an undemanding 2.08x P/B. Turnover surged in 1Q FY27, with potential to surpass earnings forecasts. A high dividend yield and net cash position make the stock attractive. https://t.co/HDHvd6qoSq

[Osbert Tang @tang_osbert]

Sa Sa Intl is trading at an undemanding 2.08x P/B. Turnover surged in 1Q FY27, with potential to surpass earnings forecasts. A high dividend yield and net cash position make the stock attractive. https://t.co/HDHvd6qoSq

[Osbert Tang @tang_osbert]

Huaqin is a smart product ODM platform leader with strong EPS growth, but its IPO price is not cheap compared to global peers. At 20-25% discount to A-share, its H-share is valued at HK$84.7-90.7. https://t.co/SoohdD5Zsn

[Osbert Tang @tang_osbert]

China's A-share consumer staples are set to benefit from the government's policy to encourage domestic consumption. Their necessity nature also means more insulation from economic downturn. https://t.co/PseT6ADsk1

[Osbert Tang @tang_osbert]

Recent share price pullback is overdone. It is attractive with solid revenue growth, and minimal exposure to economic slowdown and global tensions. Net cash equals 109% of share price with ROE of 12%. https://t.co/EPd7ahfz3m

[Osbert Tang @tang_osbert]

Recent share price pullback is overdone. It is attractive with solid revenue growth, and minimal exposure to economic slowdown and global tensions. Net cash equals 109% of share price with ROE of 12%. https://t.co/EPd7ahfz3m

[Osbert Tang @tang_osbert]

Recent share price pullback is overdone. It is attractive with solid revenue growth, and minimal exposure to economic slowdown and global tensions. Net cash equals 109% of share price with ROE of 12%. https://t.co/EPd7ahfz3m

[Osbert Tang @tang_osbert]

CPI's capacity growth is expected to reach 43% in FY23, with most of them to be added in 4Q23, boosting output and profitability. Its high EPS CAGR of 28.8% justifies premium valuation multiples. https://t.co/1NcAQzKZDe

[Osbert Tang @tang_osbert]

CCCC has become very attractive due to an unjustified fall in share price. Recurring net profit surged 68.5% in 2Q23 and its contract outlook is not a concern, with a sufficient backlog and low PER. https://t.co/u45S24jvrv

[Osbert Tang @tang_osbert]

We are only in early stage of China's tourism and hospitality recovery, after its re-opening of borders in Jan. We identify Tongcheng, H World, https://t.co/CcKXBxYQ5z and Fosun Tourism as interesting beneficiaries. https://t.co/euJ8IjGm5g

[Osbert Tang @tang_osbert]

Historically, Mar is a weak month for HSI while Apr is generally with positive return. Macro factors in this year look to support this pattern, with more negative news in Mar but positive in Apr. https://t.co/0gYgtlX2Q5

[Osbert Tang @tang_osbert]

We saw a Jan effect on the HSI since 2017, with the month being the best-performing one in four out of the last six years. Its average return of 3.6% also made it the second-best month behind Nov. https://t.co/dyFVx8Ys7c

[Osbert Tang @tang_osbert]

AviChina is cheap against global peers and key drivers are increase in civil and defense demand, commercialisation of C919 aircraft, localisation of helicopters and corporate restructuring potential. https://t.co/2cNreTDVls

[Osbert Tang @tang_osbert]

China's A-share consumer staples are set to benefit from the government's policy to encourage domestic consumption. Their necessity nature also means more insulation from economic downturn. https://t.co/PseT6AUvm1

[Osbert Tang @tang_osbert]

Keda is a relatively undervalued play on growing lithium demand. In addition to investment in lithium carbonate producer Lanke Lithium, it is also expanding its anode materials production capacity. https://t.co/C4yLIrvBbE

[Osbert Tang @tang_osbert]

Chinese defense companies are the major winners in the escalation of the China-US tension following Pelosi's visit to Taiwan. We think Topsports, however, will be a loser given its reliance on Nike. https://t.co/7zJ2UjIA0G

[Osbert Tang @tang_osbert]

Value equals to HK$0.16 per share, or 7.3% of its share price, can be realised from the proposed REIT issuance by Sinotrans. Its recent H-share buyback also brings a positive signal to the market. https://t.co/rb8y5HVWBK

[Osbert Tang @tang_osbert]

ZTO Express has outperformed industry volume growth with healthy pricing levels so far into FY22. We anticipate it will continue to add net cash to its balance sheet over the next few years. https://t.co/McxHfYfaS8

[Osbert Tang @tang_osbert]

CSET's sharp rally has brought its P/B to 2SD above historical average and more than reflected its earnings recovery. Risk exists for profit downgrade given potential 2Q22 earnings disappointment. https://t.co/hHa742vpbw

[Osbert Tang @tang_osbert]

AVIC Shenyang is a unique defense play in China with quality earnings outlook. We think it will benefit from the recent geopolitical tension and China's acceleration in defense spending. https://t.co/qvbxt8hifQ