Seeking Alpha

Henry Cheung

 
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  • eHi Car Services: This IPO Is Unattractive Under Peer Comparison
    Nov. 19, 2014 EHIC Comment!

    Summary

    • The industry is highly competitive and fragmented. The company, as the second largest car rental provider, only owned 2.1% of the market in 2013.
    • The widening loss reported in the income statement of the most recent quarter serves as an alarming signal to investors before the management sheds some light on the details.
    • Detailed analysis on valuations and operating data of the company and the industry leader, Car Inc. The comparison shows that Car Inc. is a better investment at the moment.
  • Trading Strategies For The Shanghai-Hong Kong Stock Connect
    Nov. 13, 2014 PEK, ASHR, CHNA 6 Comments

    Summary

    • The Connect will start on November 17th. The A-share market is likely to react positively due to higher demand and improved liquidity.
    • Consider buying individual A-shares directly once the program starts, or buy A-share ETFs in advance.
    • Strategy to imitate an arbitrage: (i) Buy the discounted shares and (ii) short the shares at a premium until the differences subside to a reasonably low level.
  • El Pollo Loco: How Overvalued Is LOCO Compared To Its Industry Peers?
    Sep. 9, 2014 LOCO 9 Comments

    Summary

    • Explaining the overvaluation by comparison with peers i.e. Chipotle, Buffalo Wild Wings, Popeyes, Zoe’s Kitchen.
    • The company is even more expensively valued than Chipotle!
    • Wait patiently for a triggering event (examples given) to launch your short positions.
  • Las Vegas Sands And Wynn: Stay On Sidelines
    Sep. 5, 2014 LVS, WYNN 27 Comments

    Summary

    • An update to my previous article “Follow The Trend And Short Las Vegas Sands And Wynn Over The Next Months” written in June.
    • The stock prices could tumble to $55 and $160 respectively based on technical analysis.
    • Good news is that analysts lower their expectations about the remaining months in 2014.
  • Sungy Mobile: Should You Catch This Falling Knife Before Its Earnings Announcement?
    Aug. 27, 2014 GOMO 6 Comments

    Summary

    • The number of downloads in Q2 ranked in the top 5 globally.
    • The stock is at a low valuation level.
  • Kandi Technologies: A Call For More Clarity In Financial Reporting
    Jul. 30, 2014 KNDI 61 Comments

    Summary

    • The claim that the new business of resale of EV parts is a management tactic to pump up the top-line figure could be inappropriate.
    • Queries over the sales, government grants and R&D expenses of the joint venture.
    • Looking for clearer disclosures on the accounting of the joint venture.
  • Buffalo Wild Wings: Why I Am Bullish On This Growth Gem In The Restaurant Sector
    Jun. 17, 2014 BWLD 4 Comments

    Summary

    • The stock price is actually justified by the fast pace of growth of business operations. Comparison with its industry peers is made.
    • Elaborations on stock catalysts including 1) better weather and continuing sports fever; 2) business expansion and product developments; and 3) potential international expansion.
    • Bullish signals are indicated from technical analysis.
  • Apple: Insights From The Past Stocks' Performance Post Splits
    Jun. 9, 2014 AAPL 29 Comments

    Summary

    • Key facts of Apple's stock split.
    • The one-month return of past split transactions in 2014.
    • The theoretical positive effects of stock splits did not materialize as expected.
  • Follow The Trend And Short Las Vegas Sands And Wynn Over The Next Months
    Jun. 5, 2014 LVS, WYNN 29 Comments

    Summary

    • Casino revenue data in May is an alarming signal echoing previous investor concerns over the impact of the crackdown of corruption and money laundering on casino operations.
    • June data could be a big miss due to the World Cup.
    • More unfavorable policies to come - Shortened term for stay of mainland transit visitors and smoking ban.
    • LVS has been unable to break the downward trend line (lower highs), while WYNN failed to break the resistance at $220 with its release of impressive 2014Q1 results.
  • Noah Holdings - Stay On Sidelines Given Uncertainties
       • Dec. 4, 2013 NOAH 1 Comment
  • Noah Holdings: A Bargain For A Chinese Wealth Management Company With Strong Growth
    Aug. 29, 2013 NOAH 7 Comments