In second place for a second year running is the Nomura team under the watchful eye of Jit Soon Lim. With five analysts in Singapore backed by five more in Hong Kong and Malaysia, the squad tracks 50 stocks, two more than a year ago. In November the group pounded the table on Singapore Technologies Engineering, at 3.50 Singapore dollars, primarily because of its rising international exposure. (The researchers had upgraded the aerospace and defense contractor’s stock from neutral to buy back in October 2009, at S$2.69.) By the end of April, the shares had soared 25.7 percent since the reiteration, to S$4.40, and beat Singapore’s broad market by 13.9 percentage points. “Jit Soon is an outstanding strategist who never fails to provide useful insights,” declares one satisfied client in San Francisco. — Ben Mattlin |
Country & Regions – Singapore: Second