Tribeca’s Alpha Plus Fund Portfolio Manager Jun Bei Liu named China Tourism Group Duty Free Corporation, the largest duty free operator in China with around 90% market share and monopolistic position across most tier one city airports including Beijing and Shanghai, as her pick for the Sohn Hearts & Minds Investment Leaders Conference.
“The current share price of this company represents a phenomenal opportunity not only to the reopening of China but also to the substantial leverage to the structural grow of Chinese duty free spending.”
Jun Bei’s thesis is based on several key trends in the Chinese economy.
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The Tribeca Alpha Plus Fund is one of Australia’s longest-running equity long-short funds (inception 2006) and has consistently outperformed its benchmark, S&P/ASX 200 Accumulation Index, since inception by investing in listed Australian equities (long and short). Learn more here.