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 Thursday, 05 February 2015 Asian Daily (Asia Edition) EPS, TP and Rating changes EPS TP (% change) T+1 T+2 Chg Up/Dn Rating Alumina Limited n.m 7 0 (2) O (O) Fuyao Glass Industry Group Co., Ltd. Initiation 21 O (NA) SouFun 1 (9) (12) 38 O (O) Cairn India Ltd (30) (47) (14) 10 N (N) SATS Ltd 11 10 13 (1) N (U) DGB Financial Group (10) (18) (25) 5 N (N) Hanssem 11 17 38 15 O (O) NHN Entertainment (4) (1) (3) (14) U (U) Shinhan Financial Group (4) (7) (5) 25 O (O) PTT 0 0 3 7 O (O) Siam City Cement 1 3 8 (2) U (U) Connecting clients to corporates Corporate Days / Conferences India Mid-Cap Discovery Day Date 24-25 February, Singapore Asian Investment Conference Date 23-27 March, Hong Kong Hong Kong / China (Non-deal roadshow) Wanda (3699.HK) Date 09 February, Hong Kong Analyst Jinsong Du E.Sun Financial Holding Co.(2884.TW) Date 10-12 February, Hong Kong Analyst Chung Hsu Singapore (Non-deal roadshow) The Erawan Group (ERW.BK) Date 04-05 February, Singapore Analyst Thaniya Kevalee E.Sun Financial Holding Co.(2884.TW) Date 09-10 February, Singapore Analyst Chung Hsu Bank Alfalah (BAFL.KA) Date 16-17 February, Singapore Analyst Farhan Rizvi US (Non-deal roadshow) HCL Technologies (HCLT.BO) Date 05-13 February, US Analyst Anantha Narayan Nagacorp Ltd (3918.HK) Date 17-20 February, US Analyst Isis Wong Europe (Non-deal roadshow) United Bank Limited (UBL.KA) Date 24 February, London Analyst Farhan Rizvi Others The Erawan Group (ERW.BK) Date 06 February, Kuala Lumpur Analyst Thaniya Kevalee Contact cseq.events@credit-suisse.com or Your usual sales representative. Top of the pack ... China Economics Dong Tao (3) The PBoC enters a period of active open market operations China Banks Sector – Maintain OW Victor Wang (4) PBOC finally cuts RRR; remain positive on China banks Cairn India Ltd (CAIL.BO) – Maintain N Sanjay Mookim (5) New report: On why it is still early to buy Cairn Fuyao Glass Industry Group Co., Ltd. (600660.SS) – Initiating Coverage with O Mark Mao (6) New report: China auto glass giant going global Naver Corp (035420.KS) – Maintain O Taewon Kim (7) LINE expanding e-commerce in Thailand? A positive catalyst CS pic of the day Source: NBS, Credit Suisse estimatesSetting a lower inflation trajectory for ChinaBeyond the sharp fall in international oil prices, moderated domestic demand growth is likely to keep demand-pull inflation muted. The broad-based drop in raw material prices and large overcapacity in the production sector are likely to keep cost-push inflation subdued. The continued harvest is likely to result in steady food prices. Therefore, our China Economics team has revised down its inflation projection for 2015 to 1.6% YoY, versus market consensus of 1.8% and our previous expectation of 2.8%.-1.00.01.02.03.04.05.06.07.08.01Q103Q101Q113Q111Q123Q121Q133Q131Q143Q141Q153Q15CPI (%yoy)CS ProjectionNewPrevious ... and the whole pack Australia Alumina Limited (AWC.AX) – Maintain O Paul McTaggart (8) Strong 4Q14 operational result CSL Ltd (CSL.AX) – Maintain O Saul Hadassin (9) 12-month rolling IG growth at 8% China China Economics Dong Tao (10) A broad-based RRR cut China Economics Dong Tao (3) The PBoC enters a period of active open market operations China Market Strategy Vincent Chan (11) RRR cut. And the winners are ... China Banks Sector – Maintain OW Victor Wang (4) PBOC finally cuts RRR; remain positive on China banks China Oil & Gas Sector Thomas Wong (12) Takeaways from 2015 Strategy Preview presentations: More M&A opportunities could emerge China Pharmaceutical Sector Iris Wang (13) Drug tender news roundup: Volume gain is more than the price cut in the Hunan tender ky.seong@samsung.com Ky Seong 02/05/15 12:26:39 AM Samsung Information Systems of Thursday, 05 February 2015 Asian Daily - 2 of 40 - Asian indices - performance (% change) Closing 1D 1W 3M YTD ASX300 5706.5 1.2 4.0 4.9 6.7 CSEALL 7000.1 (2.5) (4.3) (4.4) (4.1) Hang Seng 24679.8 0.5 (0.7) 4.4 4.6 H-SHARE 11767.5 (0.0) (1.6) 11.3 (1.8) JCI 5315.3 0.4 0.9 5.6 1.7 KLSE 1803.0 1.2 0.4 (1.6) 2.4 KOSPI 1962.8 0.6 0.1 1.4 2.5 KSE100 34672.3 (0.4) 0.8 13.1 7.9 NIFTY 8723.7 (0.4) (2.1) 4.6 5.3 NIKKEI 17678.7 2.0 (0.7) 5.3 1.3 TOPIX 1417.0 1.8 (0.9) 4.5 0.7 PCOMP 7716.1 1.4 0.7 6.6 6.7 RED CHIP 4567.8 1.1 (0.1) 2.7 5.0 SET 1599.8 (0.2) 0.4 1.2 6.8 STI