This content is from: Research

Industry Sectors - Chemicals: First

Timothy Jones & team  Deutsche Bank

The buy side says: “They have deep industry knowledge, useful models, and their research is always clear.”

The Deutsche Bank threesome directed by Timothy Jones, 38, climbs one notch to make its first appearance in the winner’s circle since 2006. Investors praise the team’s “first-rate stock calls” and “high-­quality research and insights.” The researchers initiated coverage on Britain’s Croda ­International way back in February 2008 with a buy rating, at 534p, on the strength of the diversified consumer-­chemicals manufacturer’s client base in the largely recession-­­proof cosmetics industry. They have reiterated their recommendation repeatedly since, and by year-end 2010, Croda’s shares had rocketed a gravity-­defying 202.6 percent, to 1,616p, and trounced the sector by 188.3 percentage points; last year alone the stock catapulted 102 percent and blew past the sector by a stunning 78.6 points. Money managers also cheer the team’s July 2009 upgrade on Germany’s Lanxess from hold to buy, at €18.26, on rising tire demand. Shares of the plastics-and-­polymer manufacturer catapulted 223.7 percent, to €59.10, through December 2010; last year alone they rocketed 127.8 percent, from €25.94 to €59.10.

Related Content