Citi’s Wei (Vivian) Tao rises from runner-up to claim the third position. Hailed for her “good judgment on industry trends and thorough analyses of their possible impacts, both of which are critical for our investment decisions,” as one Shanghai-based portfolio manager explains, Tao follows 13 companies. Among them is China Shipping Development Co., which she upgraded from neutral to buy in June, at HK$2.99, just shy of the stock’s 12-month low. The Shanghai-based transporter of coal, iron ore, liquefied natural gas and other bulk cargoes was benefiting from increasing oil-shipping volumes, she advised. By the end of October, the stock had catapulted 46.8 percent, to HK$4.39, and surpassed the sector by 33.6 percentage points. Tao continues to rate China Shipping a buy. Looking ahead, she is bullish about the prospects for Chinese airlines, largely because she forecasts a continued recovery for the domestic economy, which should brighten the outlook for business travel. — Ben Mattlin RUNNER(S)-UP Xiaofeng Shen |
