Asia's top brokers and stock analysts
DEUTSCHE Bank has emerged as the top brokerage firm in Asia under the 2014 StarMine Analyst Awards for this region.
This is the 10th year that StarMine, a Thomson Reuters company, has presented its awards to Asia's top stock analysts and brokerage firms.
Deutsche Bank was ranked first in the "most award-winning brokers" category. This recognised it as the brokerage firm in Asia whose analysts won the most awards.
The other two main categories of the awards are "overall stock pickers" and "overall earnings estimators", won respectively by Chaw Sook Ting of RHB Research Institute and Johnny Lau of Sunwah Kingsway.
The stock-picking award looks at stock recommendation performance relative to specific industry benchmarks. The earnings-estimator award is based on accuracy in forecasting earnings as compared with peers.
The awards for the sell-side analysts were based on their performance during the fiscal period from April 1, 2013, to March 31, 2014.
Head of StarMine sell-side research and analytics at Thomson Reuters, Raj Shah, said with a changing sell-side research landscape, real rigour was required in the research as analysts formulated their forecasts and recommendations. Analysts had to deal with a discerning institutional investor that wanted more research connection capabilities to help them understand the links between other asset classes.
"Winning analysts were those that had the courage to go against market consensus - they had to really justify their analysis."
