Boston, Massachusetts, United States
I’m Zehao Chen, a finance professional originally from China and now based in the U.S. With a Master’s in Financial Management from Boston University and a strong background in valuation, financial modeling, and investment analysis, I’m passionate about understanding what drives company value. My experience spans equity research, M&A analysis, and corporate finance, and I’m pursuing opportunities in investment analysis or related roles where I can apply my analytical skills and long-term investment mindset.
- Produce TMT equity research and valuation on US public companies across semiconductors, AI infrastructure, software, internet, and media — framing each idea around investment thesis, valuation range, downside protection, and risk / reward. - Authored a deep-dive on Broadcom (AVGO), mapping the full value chain — custom ASIC / XPU compute, networking & switching silicon, optical / connectivity, and the VMware software franchise — to size the AI accelerator TAM and build a differentiated thesis on margins and earnings. - Anchor the AI infrastructure framework on ROIC vs. WACC spread and incremental returns, screening compute, memory, and networking names on capital efficiency rather than top-line growth alone. - Build DCF, trading comps, transaction comps, and sensitivity models that connect revenue growth, margin outlook, capex intensity, inventory cycles, WACC assumptions, and valuation multiples to implied upside / downside.
- Conduct research on U.S. and China equities, translating company filings, earnings calls, industry data, and market trends into investment decisions. - Built valuation models and investment memos for Netflix, Tesla, TAL Education, JD.com, and selected China A-share opportunities, linking company fundamentals to entry price, position sizing, and exit rationale. - Applied research-driven investment process to portfolio decisions, with selected realized positions generating positive returns during 2024–2026 while maintaining disciplined downside review and catalyst tracking.
- Gained primary-market (private) investing experience, supporting underwriting and structuring for a ~$240M warehouse-logistics private REIT alongside JD.com and China West Construction Group — evaluating asset cash-flow stability, financing structure, and securitization feasibility. - Built NPV, IRR, WACC, and capital-structure models to stress-test returns across occupancy, rental growth, financing cost, and exit assumptions, helping the team judge whether projected returns cleared investment hurdles. - Prepared investment and execution materials for internal teams and institutional stakeholders, translating valuation outputs into decisions on asset selection, deal structure, and risk allocation.
- Supported the Senior Operations Associate in coordinating NCAA athletics events, ensuring smooth planning and execution for high-visibility game days. - Led arena logistics and staffing; resolved real-time operational issues under tight timelines.
- Selected as an Equity Analyst for the GW Investment Institute (GWII), a ~$11M student-managed fund founded by Russ Ramsey; covered Nintendo (NTDOY), Tencent (TCEHY), Rexford Industrial (REXR), and Hannon Armstrong (HASI) across consumer/IP, internet, and REIT sectors. - Built each investment case end-to-end — DCF and comparable-company valuation grounded in 10-K/10-Q analysis and independent industry research — delivering buy/sell recommendations framed around thesis, target valuation range, catalysts, and downside risks. - Presented final pitches to fund shareholders after pre-pitch reviews with private equity mentors; secured unanimous shareholder approval for a REIT recommendation