Georgy Ivanin | Deutsche Bank | First-place appearances: 0 Total appearances: 3 Analyst debut: 2012 |
Georgy Ivanin slips back to third place after a year at No. 2. Clients praise the Deutsche Bank researcher for his “long-term perspective and flexibility in opinions — a unique combination,” as one money manager puts it. For example, Ivanin has changed his position on Aeroflot over the past year, upgrading the Moscow-based airline from hold to buy in April 2013, primarily on strong traffic growth, then removing the carrier from his top-picks list in February, largely on valuation. The stock recorded a tidy 42.1 percent gain over that period, rising to 76.68 rubles and trouncing the RTS Industrial Index by 60.5 percentage points. By the end of May, Aeroflot had fallen back 28.1 percent, to 55.15 rubles, underperforming the sector by 12.6 percentage points. For the future, he points to Globaltrans Investment as a likely top performer in his eight-company sector portfolio. The Cyprus-based rail freight provider, he advises, boasts “good dividends, a solid balance sheet and no exposure to the consumption sector.” Consumer confidence has “decreased due to negative trends in the macro situation,” Ivanin explains. |