| Jingbian Ning | China International Capital Corp. | First-place appearances: 0
Total appearances: 1
Analyst debut: 2013 |
Newcomer Jingbian Ning clocks his first appearance on the roster at No. 3. The Shenzhen-based China International Capital Corp. researcher is somewhat circumspect on the sector. Transaction volume nationwide may be approaching the peak, which will be 1.2 billion to 1.3 billion square meters of residential properties, according to our estimation, he says. New government policies will increase the land supply, he adds, which will dilute its value. At the same time, however, Ning is bullish on the stock performance prospects for A-share names over the next six months, given in part that valuations are reaching a historic low. He advises investors to favor companies that boast negotiating power in land acquisitions, such Hong Kongbased Overseas Chinese Town (Asia) Holdings, whose operations include the development and management of theme parks and residential properties. Katie Gilbert
RUNNER(S)-UP Wai Mo (Raymond) Cheng Standard Chartered Bank
Jinsong Du Credit Suisse
Chi Hung (Raymond) Ngai Bank of America Merrill Lynch
Yi Wang Goldman Sachs (Asia)
Yim (Nicole) Wong CLSA |