Industry – Infrastructure: Third

Advancing from runner-up to third place is Deutsche Bank’s team of nine. Sanghi Han shares leadership responsibilities this year with Beijing-based Feili (Phyllis) Wang. China Communications Construction Co., a builder of bridges, ports and roads, remains a group favorite; the analysts first urged clients to buy the stock back in March 2011 and have highlighted their stance repeatedly since, most recently in anticipation of a “pickup in new orders in 2013, especially from local government projects,” says Han, who works out of Seoul. The shares were trading at HK$7.43 in late April, and the analysts have set a target price of HK$9.98. One buy-side backer is impressed with the researchers’ contacts. “They’re regularly doing channel checks,” this money manager says. “Speaking to government officials and to company managements, they’ve got a good grasp of what’s really going on.”— Paul Sweeney