The 2015 All-Europe Research Team: Medical Technologies & Services, No. 2: Yi-Dan Wang & team
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The 2015 All-Europe Research Team: Medical Technologies & Services, No. 2: Yi-Dan Wang & team

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Deutsche Bank’s two-person team helmed by Yi-Dan Wang drops one notch to second place, the position the firm earned in 2011 through 2013.

< The 2015 All-Europe Research Team

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Yi-Dan Wang & team

Deutsche Bank

First-place appearances: 1


Total appearances: 11


Team debut: 2002


Deutsche Bank’s two-person team helmed by Yi-Dan Wang drops one notch to second place, the position the firm earned in 2011 through 2013. Wang’s co-captain since 2005, Holger Blum, left the firm in May to join Swiss investment boutique BZ Bank. For the 12-month period through last month, Europe’s medical technologies and services shares climbed 21.3 percent and bested the region’s broad market by 13.3 percentage points. London-based Wang and her teammate in Frankfurt report on 20 of those stocks, and they forecast that the sector will continue to outperform. “We expect this to be driven by companies that can benefit from further repositioning of their businesses, maximizing their access to structural growth opportunities and accelerating their market share gains as they transform their business models,” says the 42-year-old crew chief. The analysts are especially bullish on GN Store Nord — a Danish maker of hearing aids, diagnostics equipment and headsets — impressed by the company’s “$4 billion market capitalization, with 100 percent free float that has good liquidity,” she explains. GN Store could deliver average annual total shareholder return of more than 20 percent over the next few years, they believe, on the back of robust sales growth at the manufacturer’s hearing aid division, as well as “market share gains from introductions of differentiated technologies and further service improvements,” Wang notes. Finally, GN Store’s headset division is poised to benefit from the ongoing integration of real-time communications services, and the researchers anticipate that management will step up returns to shareholders via share buybacks. The stock ended January at 148 Danish kroner, and these catalysts could combine to deliver a doubling of that value over the next three-to-five-year period, they conclude.



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