The 2014 All-Asia Research Team: Autos & Auto Parts, No. 3: Sui Man (Vincent) Ha, Sanjeev Rana & team
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The 2014 All-Asia Research Team: Autos & Auto Parts, No. 3: Sui Man (Vincent) Ha, Sanjeev Rana & team

Sui Man (Vincent) Ha, Sanjeev Rana & team Deutsche Bank First-place appearances: 0

Total appearances: 2

Team debut: 2013 Repeating in third place are the seven Deutsche Bank analysts guided by Sui Man (Vincent) Ha and Sanjeev Rana. This group — spread across Hong Kong, Jakarta, Mumbai and South Korea — “is good at making industry connections” and providing data on the companies in its sector, relates one money manager. In the Chinese autos space, they most prefer Hong Kong–headquartered Brilliance China Automotive Holdings, a minibus and sedan manufacturer that in 2003 teamed with Germany’s BMW in launching a China-based joint venture. “Despite market worries of no new 2014 models and peer competition, we still expect the Brilliance BMW JV’s year-over-year sales volume growth to stay above 20 percent, with room for upside in 2015 and 2016, given new models,” Ha explains. “We also believe there is still room for the JV to lower production costs amid increasing localization of components.” The shares were trading at HK$12.16 in late April, and the analysts maintain a target price of HK$13.70. Another favorite among the 36 names they track is South Korean carmaker Hyundai Motor Co. Their price objective of 300,000 won represents a 27.1 percent upside to the stock’s late April value. “We expect Hyundai’s global sales, market share and earnings to see a positive impact from new model launches in 2014 and 2015,” notes Rana. “In addition, we believe recent and planned capacity expansions in various parts of the world give a decent visibility to Hyundai’s global market share gain story.”

See also Sui Man (Vincent) Ha and Sanjeev Rana's profile in the 2013 All-Asia Research Team.

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