The Citi threesome led by Ni (Jenny) Zhen climbs one rung to second place. The analysts dubbed China Communications Construction Co. a top buy in September, at HK$6.23, on valuation and “acceleration of new contracts,” notes the Hong Kong–based team leader, who also pilots a runner-up team in Infrastructure. In December the heavy-machinery manufacturer and transportation infrastructure developer announced that its SDC Waterway Construction Co. subsidiary had secured a 235 million yuan ($38 million) contract with China’s Zhejiang Zhoushan economic development zone and its China Road & Bridge Corp. unit had won a 629 million yuan contract to build an inland terminal for the Republic of Congo. The stock sailed to HK$7.43, gaining 19.3 percent and besting the sector by 16.9 percentage points, through April. “The industrial sector is always difficult to call, but Jenny and her team provide good data points that help me analyze the big picture and develop my own macro analysis,” asserts one appreciative client.— Paul Sweeney |
Industry – Industrials: Second