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Mar/1Q15 GDP: real economy even weaker than growth number suggests CHINA ECONOMICS UPDATE Chinese medicine sector：Right time to do the right thing Seismic shift March trade data fell below market expectations significantly Stronger 1Q results likely priced in, upside to our 2015 GRM forecast but current strength to fade in 2H Global Display Market：Size migration battles against weak currencies and giant fabs from China Raising PT to HK$6.7-Better pricing for MSG following consolidation Lifting PT to HK$11.8-More exports driven by new MPOS Shipyards&Oil Services：UMWOG seeks arbitration on US$20 mn contract breach on early termination for Naga7