The 2014 All-China Research Team: Infrastructure & Transportation, No. 1: Xin Yang


< The 2014 All-China Research Team


Xin YangChina International Capital Corp.First-Place Appearances: 4

Total Appearances: 4

Analyst Debut: 2011China International Capital Corp.’s Xin Yang earns top honors for a fourth consecutive year. Working out of Beijing, she tracks some 40 Chinese infrastructure and transportation stocks, bringing to bear what one admirer describes as “in-depth industry knowledge and a diligent attitude.” Adds a second portfolio manager: “What differentiates her is her long experience and prompt, helpful reactions to changes.” Yang is recommending that clients buy Shanghai-based China Merchants Energy Shipping Co., whose ocean transport services move coal, iron ore, liquefied natural gas and oil. She upgraded the stock from hold to buy in March, noting that fuel costs were declining while supply-and-demand dynamics were improving. The shares have since soared: By late last month they had rocketed 75.9 percent, to 4.01 yuan, while the sector traded sideways. Another Yang favorite is Sinotrans of Beijing. Since July she has been urging investors to buy the logistics provider, largely thanks to the company’s growing e-commerce business. In late November, Sinotrans’ shares were up 10.5 percent, at HK$5.57, and ahead of their peers by 10.2 percentage points. Looking ahead, Yang, 34, is optimistic that fuel-cost declines will “translate into much profit” for airlines and shippers.