THIRD TEAM

Hongyu Cai  China International Capital Corp.

Previously unranked Hongyu Cai of China International Capital Corp. lands in third place. Cai initiated coverage with a buy rating on mining company Xiamen Tungsten Co. in July, at 19.67 yuan, telling clients that the 50 percent–plus growth rate of the Chinese machinery industry, coupled with a government policy supporting strategic-metals consolidation, would spur price increases and strong earnings growth. She was right. In March the company reported that year-over-year net income soared 64.4 percent in 2010, to 349.86 million yuan ($53.73 million). Shares of the Xiamen, Fujian–based smelter catapulted to 63.15 yuan in November before drifting back down to 42.73 yuan by the end of April, for a gain of 117.2 percent that shot past the sector by an astounding 77.8 percentage points. Cai “follows the sector closely, publishing weekly reports that I’m always sure to read,” declares one money manager. “I have a lot of confidence in her work.”