< The 2014 All-China Research TeamHuimin WuChina International Capital Corp.First-place appearances: 1
Total appearances: 3
Analyst debut: 2012China International Capital Corp. researcher Huimin Wu slips back to second place after having stepped up to No. 1 last year. “She is always helpful with prompt information about important changes in her companies,” one fund manager avers. Wu, who works out of Beijing, tracks a growing portfolio of more than 30 Chinese industrials. One company she recently added to that list is Zhuzhou CSR Times Electric Co. She launched coverage on the Zhuzhou-based producer of electrical components in June, assigning the stock a buy rating. The analyst credited rising demand for its railway power converters and electrical systems as a catalyst. By early November the shares had bolted 40.4 percent, to HK$33.35, outpacing the sector by 34.9 percentage points. Management then delisted Zhuzhou CSR’s shares, because its parent, CSR Corp. of Beijing, was engaged in merger talks with domestic rival China CNR Corp., on instruction from China’s State Council. For the future, Wu is enthusiastic about China International Marine Containers (Group) Co., a Shenzhen-based supplier of power-generating equipment, trailers and other transport-related containers. She deems the company well positioned to “benefit from the global market recovery, especially for the export business.” At HK$20, Wu’s price objective for CIMC implies an 8.1 percent upside to their value late last month.