Fourth Mainichi Economist Poll: Morgan Stanley Ranks 2nd for Third Straight Year Overall, 1st for the First Time in Industrial
Morgan Stanley improved its score in virtually all sectors.
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In the fourth annual poll of Mainichi Economist, Morgan Stanley came in second for the third consecutive year, with 4,817 points, trailing Nomura Research (4,935 points). The gap with Nomura, however, has narrowed considerably, from 1,529 points in 1998 to 1,106 points in 1999 and to only 118 points in 2000. Nikko Salomon Smith Barney was third (3,756 points), Merrill Lynch fourth (3,219 points) and Goldman Sachs fifth (3,084 points). The top five rankings were unchanged from 1999.
For the industrial sector, Morgan Stanley ranked first (4,540 points) for the first time. Nomura Research was second (4,029 points), Nikko Salomon SB third (3,353 points), Merrill Lynch fourth (3,193 points) and Goldman Sachs fifth (2,743 points).
Morgan Stanley improved its score in virtually all sectors. Morgan Stanley has five top-ranking analysts this year Nagai in steel/nonferrous metals, Ginbayashi in chemicals, Takagi in construction, Yamamoto in industrial electronics and semiconductors and Oki in precision/other mfg. equipment versus only two in 1999. Nagai and Ginbayashi have now been top ranked in their sectors for four straight years. This was the first time for Takagi and Oki to be ranked first in their respective sectors. The number of Morgan Stanley analysts ranked second declined from six to three, but the number ranked third was up from three to eight. So overall, the number of Morgan Stanley analysts ranked in the top three increased substantially, from 11 to 16.
The Mainichi Economist Poll, conducted from late July through late August, was distributed to portfolio managers at 145 major domestic (including foreign-affiliated) institutions, including trust banks, investment consulting firms, life and non-life insurers, and banks. Based on the amount of assets under management and other factors, 14 institutions were assigned ten votes each and the other 131 were assigned five votes each. By the deadline, 344 votes were received (a response ratio of 43%).
The poll covered economists, strategists, technical and quantitative analysts, and 25 industrial sectors, asking respondents to name the top three persons in each area based on their experience over the past 12 months. To compute overall scores, a first-place ranking was assigned three points, a second-place ranking two points and a third-place ranking one point.
Compared to polls conducted by Institutional Investor and the Nikkei Shimbun, the number of investors participating in the Mainichi Economist poll is limited, and they are basically domestic. Even so, the poll is noteworthy, one reason being that it offers a mid-year survey of our clients' sentiments.
Mainichi-Economist Ranking by Firm 19972000
Mainichi Economist Ranking of Morgan Stanley by Sector 19972000
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