Katsuya Takeuchi
COMPANY UBS
Dubbed “a rising star” by one asset manager in Tokyo, UBS’s Katsuya Takeuchi moves up one notch to rejoin the third team. He recommends Sumitomo Corp., having upgraded the Tokyo-based importer and exporter of metals, fuel and other industrial products from neutral to buy in May, as a bargain at ¥1,054. Its shares “significantly lagged others’ performance, [and] the company will be in an investment cycle,” he explains. “We can expect further growth from mergers and acquisitions.” The stock advanced 16.6 percent, to ¥1,229, through mid-March. “I thank him for arranging so many good meetings with corporate managements,” says another Tokyo-based fund manager.
— Ben Mattlin