Asian Daily

DISCLOSURE APPENDIX CONTAINS ANALYST CERTIFICATIONS AND THE STATUS OF NON-US ANALYSTS. FOR OTHER IMPORTANT DISCLOSURES, visit www.credit-suisse.com/ researchdisclosures or call +1 (877) 291-2683. U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision CREDIT SUISSE SECURITIES RESEARCH & ANALYTICS BEYOND INFORMATION TM Client-Driven Solutions, Insights, and Access Tuesday, 12 April 2016 Asian Daily (Asia Edition) EPS, TP and Rating changes EPS TP (% change) T+1 T+2 Chg Up/Dn Rating Platinum Asset Mgmt (2.7) (4.5) (8) (2) U (N) Vocus Communications (1.3) 4 8 7 O (O) Hyundai Mobis (3.3) (1.2) 0 27 O (O) SKS (1.8) (0.5) 11 O (O) LIC Housing Finance 1 2 5 O (O) MMFSL (13) (2.7) 16 O (O) Shriram Transport (4.3) (3.5) (2) N (N) Formosa Plastics 0 0 14 O (O) NYPC 0 0 (2) N (N) FCFC 3 2 (3) N (N) FPCC 3 4 14 O (O) AP (Thailand) (2.2) (1.4) 13 O (O) Pruksa 1 1 (4) U (U) Supalai 1 1 (11) U (U) Connecting clients to corporates Thematic Trip Post AIC : China Consumer Tour Date 11-12 April, Fujian Analyst Kevin Yin Post AIC Indonesia Infrastructure Date 11-12 April, Jakarta Analyst Ariyanto Jahja Post AIC : Vietnam Tour Date 11-13 April, Vietnam Analyst Chate Benchavitvilai Post AIC : China Industrials Tour Date 11-15 April, Guangdong/Shanghai/Suzhou/Hangzhou Beijing Auto Show Tour Date 27-28 April, Beijing Analyst Bin Wang Hong Kong / China (Non-deal roadshow) Nanjing Xinbai Date 12 April, Hong Kong Analyst Iris Wang Hopefluent Group (0733.HK) Post results Date 14 April, Hong Kong Analyst Kelvin Tam Shanghai Industrial Urban Development (SIUDF.PK) Date 18-19 April, Hong Kong Analyst Baoying Zhai Essex Bio-Technology Ltd (1061.HK) Date 25 April, Hong Kong Analyst Iris Wang Singapore (Non-deal roadshow) China Silver Group Ltd (0815.HK) Date 12-13 April, Singapore Analyst Eva Wang Keppel DC REIT(KEPE.SI) Date 14 April, Singapore Analyst Nicholas Teh Techtronic Industries (0669.HK) Date 27-April - 02-May, Singapore Analyst Baiding Rong Global Power Synergy PCL (GPSC.BK) Date 29 April, Singapore Analyst Wattana Punyawattanakul Top of the pack ... AIC 2016: A Sentiment Survey Manish Nigam (4) New Report: Bullish on Asia, reversal in country positioning APAC Equity Strategy Sakthi Siva (5) New report: Foreign investor capitulation in Japan—now second biggest within Asia Pacific Malaysia Palm Oil Sector – Maintain OW Tan Ting Min (6) Palm inventories are at a 12-month low Universal Robina Corporation (URC.PS) – Maintain O Alvin Arogo (7) Notes from the AIC: Responding to the premiumisation megatrend We thank you for your support!Best of AIC—Top 5 AIC Blogs•Is the world going back into crisis?—Credit Suisse’s Jonathan Wilmot reviews if previous pre-crisis economic conditions are apparent today and asks if recent global market sell-offs signal a buy opportunity. •Oil and gas –where and when will the rollercoaster end?—Industry experts at the AIC 2016 agreed that low prices are here to stay, but there are risks that could cause a spike. •Rebuilding Greece and Europe—Former Greece Prime Minister Samaras: what have we learned from the Greek crisis, and what to do next?•Mongolia seeks more foreign investment—After domestic concerns over foreign investment and slumping metal prices, Prime Minister Saikhanbilegwants to reassure investors that they are welcome in his country. •Navigating China’s slowdown—In managing through the Chinese economic slowdown, what perspective should investors have? CS pic of the day *Percent of attendees voting which major region will be the best performing equity region in 2016Source: Credit Suisse Electronic Sentiment Survey 2016AIC 2016: A sentiment survey—An improving view on Asia and the US, less bullish on Europe* As with the previous editions, we conducted a sentiment survey for participants at the AIC. Having been off the mark last year by choosing Europe as the region likely to provide the biggest upside, this year's participants displayed a clear preference for Asia ex. Japan: 37% expected AxJto be the best performing region (followed by the US and Europe). China’s growth and currency concerns were picked as one of the top-two risks by 54% of the participants (sharply up from 18% last year). This was followed closely by geopolitical issues (36% of votes) and rising debt defaults (32% of the votes). 39% of attendees expected Asian markets to be up 10-20% in 2016 (a further 43% expect it to be flat). Healthcare, Internet and tech were the most liked sectors; Energy & Financials were the least liked.010203040Asia ex JapanUSEuropeJapanSimilar for all markets ... and the whole pack Regional AIC 2016: A Sentiment Survey Manish Nigam (4) New Report: Bullish on Asia, rev