< The 2015 All-Asia Research Team
Total appearances: 11
Team debut: 2005After spending the past four years at No. 1, Raymond Kosasih and his Deutsche Bank crew slip to second place. Even so, one fund manager attests, “we rely on Raymond’s acumen and guidance.” From his headquarters in Jakarta, the 44-year-old analyst leads a 12-strong team in monitoring more than 70 Indonesian companies. Among the group’s long-standing favorites is Jakarta-based Bank Mandiri (Persero). The nation’s largest lender enjoys robust pricing power and a stable balance sheet, which were especially important during last July’s presidential election and potential political upheaval, the researchers advise. Over the 12 months through April, Mandiri’s stock climbed 8.9 percent, to 10,750 rupiah, besting the domestic broad market by 4 percentage points. A name Kosasih and his teammates more recently added to their sector portfolio is Tangerang’s Matahari Putra Prima, a retailer of fast-moving consumer goods. Citing rapid expansion, they launched coverage on the chain operator in July with a buy rating. Sure enough, by the end of last month, the shares had leaped to 3,960 rupiah, gaining 31.3 percent while Indonesia’s equities overall were nearly flat.
