Good Investing Talks

Why do you like Andon Health + Gongniu Group, Xin Wu (Banyan)?

Jul 9, 2024

Xin Wu, a top Chinese public equity investor, shares insights on investing in China, value investing opportunities, data availability, finding good companies, portfolio structure, shorting for value, and highlights on Gongniu Group and Andon Health.

01:02:30

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Episode guests

Xin Wu

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Chinese equity market offers low valuations, creating opportunities for investors.

Gongniu Group shows growth potential with dominant market share in China.

Deep dives

China Equity Market Valuation and Opportunities

Valuation in the Chinese equity market is currently at its lowest in a 13-14 year period, presenting opportunities for investors. Companies like Gongyu are attractively priced, offering growth potential of 15-20%. Conversely, there are overvalued companies with flawed business models. This market condition provides a fertile ground for both long and short investments.

Intro

2min

Economic Views and Challenges in the Chinese Market

8min

Utilizing IT Tools for Value-Based Equity-Long Short Strategy in Chinese Market

26min

Evolution of a Dominant Market Player

8min

Investing in Companies Indirectly Linked to the Chinese Real Estate Market

2min

Rationale for Selling Investments and Case Study on a Social Company

9min

Evaluating Chinese Companies for Investment

8min

Xin Wu of Banyan Partners (http://www.banyanpartners.cn/) is in the 10% of Chinese public equity’s investors, but not many know of him. Therefore, we were especially happy to welcome him on the podcast!

We have discussed the following:
00:00 Preview
00:52 Introducing Xin
01:27 Investing in China now compared to the past years
02:15 Why China is paradise for value investors currently
06:55 Data availability today
10:11 How to make money in a market like China
16:20 Observations on the market
20:57 Finding a good company
26:38 Criteria to build on an idea
28:40 Portfolio structure
30:33 Value through shorting
36:10 Gongniu Group
45:27 Join GI Plus
45:50 When to sell
48:33 Andon Health
56:22 Dealing with competence
01:00:34 Closing thoughts
01:01:43 Goodbye
01:02:00 Disclaimer

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