John Chou

John Chou has more than 10 years of experience in equity research, focusing on Greater China consumer discretionary.

What I am Known For

• Industry-leading coverage across 24 stocks in large caps and mid caps.

• A focus on growth drivers, earnings quality, FCF and ROIC.

• Long-term industry knowledge and historical modeling, informing views on stocks ‘weather-the-cycle’ trading and valuation.

Update investors with latest industry/market trends and key fundamental implications via channel checks.

How I am Different

Anta: We believe that the latest buyside expectations are lower than industry practitioners. We are also confident about its longer-term business adjustments to DTC (direct-to-consumer), Fila products and Amer brands.

Gree: We expect Gree to boost its margins through high-capacity utilization in the low season. We also expect Gree to open more stores to reclaim market share through its confident distributors.

EDU: We view EDU as one of the pioneers in China’s upcoming education industry repositioning. Although AST (afterschool tutoring) has been impacted by policy changes, we see emerging opportunities. We believe that industry leaders like EDU could capture the new opportunities. We believe that the latest buyside expectations are lower than industry practitioners. We are also confident about its longer-term business adjustments to DTC (direct-to-consumer), Fila products and Amer brands.