Asia Pacific Daily

Asia Pacific Daily See important disclosures, including any required research certifications, beginning on page 50. 17 March 2015 Major changes Analyst Rating Page Regal REIT (1881 HK) Jonas Kan Outperform → Buy P.3 Poised to play catch-up MediaTek (2454 TT) Rick Hsu Hold → Buy P.7 Get ready for the tide to turn Target price ↑22.2% to TWD550.00 Soechi Lines (SOCI IJ) Agustinus Reza Kirana Buy P.10 Multiple propellers Texhong Textile (2678 HK) John Choi Hold P.11 Awaiting more visibility Target price ↑47.3% to HKD8.10 Other research Wharf Holdings (4 HK) Jonas Kan Buy P.14 Weak sentiment an opportunity Lifestyle (1212 HK) Anson Chan Outperform P.18 Continuing to outperform Hong Kong peers Soho China (410 HK) Joey Chen Not Rated P.22 Bold transformation LG Household & Health Care (051900 KS) Iris Park Not Rated P.23 Brighter outlook for 2015 Singapore Property Developers David Lum Positive P.25 February URA developer sales data Keppel Infrastructure Trust (KIT SP) Royston Tan Not Rated P.27 Steady as she goes Malaysia Timber Nadia Aquidah Neutral P.29 Tropical logs demand to remain strong MBM (MBM MK) Ong Boon Leong Buy P.30 Shifting gears to overdrive Advanced Info Service (ADVANC TB) Sarachada Sornsong Buy P.31 New era, same yield play Company Roadshows Date Company Event Venue 19 Mar Dynam (6889 HK) NDR Tokyo 19-20 Mar Investa Office Fund (IOF AU) NDR Tokyo 23 Mar CIMC Enric (3899 HK) Tele Con. Global 23-24 Mar Charoen Pokphand Food (CPF TB) NDR SG 24 Mar Valuetronics Holdings Ltd (VALUE SP) NDR SG 25-26 Mar Siam Global (GLOBAL TB) NDR Kuala Lumpur26-27 Mar Sino-Ocean Land (3377 HK) NDR Tokyo 27 Mar China Suntien (956 HK) NDR HK 27 Mar China Suntien (956 HK) Group Luncheon (VC)SG 27 & 30 Mar China Aircraft Leasing Group (1848 HK) NDR HK 30 Mar- 1 Apr PICC Group (1339 HK) NDR HK 30 Mar- 2 Apr Cosmax Inc (192820 KS) NDR US 31 Mar Binhai Investment (2886 HK) NDR HK 31 Mar GCL Energy (451 HK) NDR HK 31 Mar GCL Energy (451 HK) Group Luncheon (VC)SG 31 Mar AMVIG (2300 HK) NDR HK Daiwa Asian Events Date Company Venue 30-31 Mar Daiwa Taiwan Corporate Day SG 1-2 Apr Daiwa Taiwan Corporate Day HK 21-23 Apr Daiwa Consumer and Gaming Conference 2015 HK 26-27 May Daiwa Investment Conference New York 2015 New York 29 May Daiwa Investment Conference San Francisco 2015 San Francisco 1-2 Jun Daiwa Investment Conference London 2015 London 15-16 Jun Hong Kong China Investment Seminar Singapore 2015 SG 18-19 Jun Hong Kong China Investment Seminar Tokyo 2015 Tokyo Source: Daiwa Regional indices Performance chg (%) EPS growth(%) PER (x) Market 1D 1M YTD 13E 14E13E14ETPX (0.1) 6.8 10.7 8.5 14.6 17.0 14.8 HSCEI 0.9 (1.0) (1.4) 4.6 9.4 7.0 6.4 HSI 0.5 (3.1) 1.5 3.3 10.5 11.2 10.1 KOSPI 0.1 1.5 3.7 29.0 6.1 10.7 10.1 TWSE (0.7) (0.2) 2.2 12.7 8.5 13.3 12.4 SENSEX*(0.2) (2.4) 3.4 16.4 18.0 18.3** 15.5** FSSTI 0.4 (1.5) 0.3 5.1 9.4 13.8 12.7 FBMKLCI*(0.1) (1.6) 1.1 6.8 8.7 16.1** 14.8** SET*(1.7) (5.8) 1.2 23.2 15.1 14.3** 12.5** PCOMP*(1.0) (0.7) 6.9 12.0 12.5 20.5** 18.2** JCI*0.2 2.1 4.0 6.2 14.1 16.0** 14.0** AS51 (0.3) (1.5) 7.1 (0.1) 3.4 16.6 16.0 Source: Thomson Reuters *Valuation based on MSCI Universe **MSCI index priced as of 13 Mar Macro research Technical Daily Comment Eiji Kinouchi P.32 Kinouchi’s Technical Tips for Institutions US Data Review Michael Moran P.33 Industrial Production Memos – quick updates Macau Gaming Jamie Soo P.34 MTD gaming revenue trend for 9-15 Mar 2015 down 26% YoY; SJM remains at the top Air China (AC) (753 HK) Kelvin Lau P.35 February 2015 – Unexciting operating matri