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Industries – Telecommunications: Third

In third place is Tel Aviv–based newcomer Haim Israel, who tracks four telecommunications companies in Russia and a good many more throughout emerging Europe, the Middle East and Africa.

Haim Israel
Bank of America
Merrill Lynch

In third place is Tel Aviv–based newcomer Haim Israel, who tracks four telecommunications companies in Russia and a good many more throughout emerging Europe, the Middle East and Africa. The Bank of America Merrill Lynch researcher added coverage of MegaFon with a buy rating in January, at $24.10 per global depositary receipt, calling the Moscow-based services provider well positioned to benefit from Russia’s “untapped data market” and “fast-growing middle class.” Through May the GDRs soared 29.8 percent, to $31.27, while the sector was flat. Israel remains bullish. He also likes Mobile TeleSystems — both the local shares and the America depositary receipts — noting the Moscow-based network operator’s high dividend yield and dominant market share. “Haim is sharp on comparing the different emerging markets — he brings that kind of perspective,” cheers one fund manager in New York. — Ben Mattlin


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