The 2014 All-Asia Research Team: Malaysia, No. 3: Hak Bin Chua & team
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The 2014 All-Asia Research Team: Malaysia, No. 3: Hak Bin Chua & team

Despite a change in leadership, Bank of America Merrill Lynch’s squad of ten Singapore-based analysts repeats at No. 3 on this list.

Hak Bin Chua & team Bank of America Merrill Lynch First-place appearances: 1


Total appearances: 12


Team debut: 1997 Despite a change in leadership, Bank of America Merrill Lynch’s squad of ten Singapore-based analysts repeats at No. 3 on this list. Newcomer Hak Bin Chua takes the reins from Melvyn Boey, who jumped to Nomura in October, after seven years as captain of this crew. Chua also co-leads, with Ting Lu, the top-ranked team in Economics. Following 20 Malaysian companies, this group is hailed for delivering “extensive regional coverage and consistent local recommendations,” as one fund manager puts it. Among the researcher’s favorite names is Kuala Lumpur–based Malayan Banking, which they have urged clients to buy since elevating the stock from underperform in November 2010, at 8.99 ringgit, dubbing it oversold. Popularly known as Maybank, the country’s largest financial services provider boasts strong commercial and investment banking operations as well as robust loan growth, they note. Its shares climbed 8 percent last year then traded sideways, closing at 9.95 ringgit in late April. The analysts project an 18.5 percent upside. “They think like an investor,” asserts one asset manager, “with a long-term orientation.”


See also Hak Bin Chua's profile in the 2013 All-Asia Research Team and the 2012 All-Asia Research Team.



Gift this article