|Aaron Fischer & team|
|First-place appearances: 1|
Total appearances: 11
Team debut: 2000
CLSAs squad of 20 analysts slips back to third place after three years at No. 2. Hong Kongbased Aaron Fischer guides a crew that is spread throughout the region, publishing research on 146 Asian consumer stocks. That number is up from 129 at this time last year, and the researchers plan to continue expanding their coverage. Fischer and his colleagues advise that a key theme in this sector is the expanding middle class in Asia that is feeding strong consumer spending. They acknowledge, however, that companies face significant challenges in positioning themselves to take advantage of this trend, such as intense competition from local and multinational players and the ensuing market-share grabs. Against this backdrop, his group is advising investors to prefer global luxury goods providers, Macau gaming names and other tourism-related companies. Top recommendations in this line are Hong Kongbased retailer Chow Tai Fook Jewellery Group; and Samsonite International, the worlds largest branded luggage provider, which is registered in Luxembourg. Chow Tais stock was trading at HK$10.84 in late April, and the researchers believe that a value of HK$16 is justified. As for Samsonite, their price objective of HK$27.70 represents a 10.1 percent premium to the stocks late April level.
See also Aaron Fischer's profile in the 2013 All-Asia Research Team and the 2012 All-Asia Research Team.