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Alfred Dy
& team
CLSA Asia-Pacific Markets
"They provide the most extensive, detailed and insightful coverage of Philippine equities."
Claiming the top spot for a fifth consecutive year, the five-strong CLSA Asia-Pacific Markets squad under Alfred Dy is celebrated for “identifying the market’s potential early on,” as one Zurich-based money manager puts it. In January 2012, with the Philippine Stock Exchange’s PSEi Index already up 133.4 percent over the preceding three years, the Manila-based analysts reiterated their bullish stance, citing rising consumption and government investments in infrastructure. Sure enough, the index surged 33 percent last year. Dy, 47, and his associates are upbeat for this year too, predicting that the market will climb 27 percent. They launched coverage on EEI Corp. in June with an outperform rating, at 6.02 pesos, citing the Quezon City–based builder’s expansion into infrastructure development, among other considerations. The stock had catapulted to 14.48 pesos by the end of April, for an eye-popping 140.5 percent advance that beat the PSEi by 97.5 percentage points, and the researchers continue to recommend it. — Ben Mattlin