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2010 All-Asia Research Team
Overview | Leaderboard | Top Analysts | Runners-Up | Weighted Results | What Investors Want | Firm Index | Analyst Index | Methodology | 2009 Results | View Article |


Overview

Credit Suisse Is No. 1 In Asia Equity Research

Asia’s stock markets fell even further as a result of the financial crisis than developed markets in Europe and the U.S., so it seems only fitting that they have risen higher as economic recovery has taken hold across the region. China’s benchmark Shanghai Stock Exchange composite index, for example, plunged 65.4 percent in 2008, only to soar by 80 percent in 2009. Even so, these eye-popping gains are eclipsed by Indonesia, whose broad market rocketed 87 percent last year.

Not surprisingly, in the light of such dynamic growth, investors are clamoring for research, and banks are eager to provide it — in many cases adding analysts and expanding coverage to keep pace with soaring demand.

Credit Suisse outpaces the competition when it comes to providing coverage of postcrisis Asian markets, according to participants in the 2010 All-Asia Research Team, Institutional Investor’s 17th annual ranking of the region’s top equity analysts. The Swiss bank vaults all the way from fourth place to capture the No. 1 spot, picking up 28 total team positions, seven more than last year.

Citi, which held the top spot last year and shared it with J.P. Morgan the year before, ties for second place with Nomura, which catapults from No. 8. Citi and Nomura each win 25 positions.

Tied for fourth place, with 24 positions each, are J.P. Morgan and Morgan Stanley. The former was ranked third last year; the latter skyrockets from No. 8 to No. 4.

Results are based on responses from more than 2,200 buy-side analysts and investment professionals at some 775 institutions managing an estimated $1.5 trillion in non-Japanese Asian equities.

Ali Naqvi, Credit Suisse’s head of cash equities for Asia ex-Japan, says his firm resisted the temptation to scale back its research operations, as many other banks did in response to the global economic meltdown, and as a result was in a better position to capitalize on the inevitable rebound.

“We probably have the most experienced research team in the region,” says Naqvi, who is based in Hong Kong. “We are one of the very few Asia research teams that did not have to reduce materially. In fact, our head count was up last year, and it will go up again this year.” Credit Suisse currently has 90 equity analysts, up from 86 at this time last year. Those analysts cover 751 companies across Asia, 27 more than one year ago.

To view the list of winning firms, click on the Leaderboard tab above.

To view the winning teams in each of the survey’s 35 sectors, click on Top Analysts.

For information about how this ranking was compiled, click on Methodology.

The Runners-Up rankings are available to subscribers only. Click here to subscribe for more detailed results.


For information about our detailed Research Team reports, please contact Alyssa Walker at awalker@iiresearchgroup.com.



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