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2016 All-Asia Research Team: Autos & Auto Parts, No. 2: Jatin Chawla, Bin Wang & team
Credit Suisse’s crew under the stewardship of Jatin Chawla, 35, and Bin Wang, 37, advances one position to No. 2.
Bin Wang & team
Total Appearances: 3
Team Debut: 2013
Credit Suisse’s crew under the stewardship of Jatin Chawla, 35, and Bin Wang, 37, advances one position to No. 2. Their “good connections and relationships with corporate managements” impresses one fund manager, who adds that “their calls are very accurate — they have a lot of market data and good market insight.” Another admirer hails their “bespoke high-value-added research.” The team’s overriding theme for the year ahead is to favor local rather than global plays. “We prefer stocks more exposed to non-Japan Asia, particularly China, over those exposed to the U.S. and European markets, where we feel growth is likely to surprise negatively,” Chawla explains. In general, the analysts have a positive view of the region’s autos and auto parts makers and are especially sanguine about the Chinese industry, forecasting that the country’s “autos volumes will grow 15 percent year over year on account of supportive policies by the Chinese government,” he says. “The major issues for the auto companies in 2016 will be the Chinese macroeconomy and a slowdown in the U.S. market.” Regarding original equipment manufacturers, in particular, the co-captain advises that “within the Indian OEMs we are more constructive on the four-wheeler names rather than the two-wheeler names,” while in the South Korea market, the group prefers “the parts suppliers over the OEMs.”