4Q15 Update - Slightly Stronger than Expected.Highlighting Melvita Growth Potential in FY16 Yum Cha饮茶 Hong Kong: CPI rose 4.5% in March; expect lower inflation prints in 2H15 Views on the Estate: HK/China property monitor 1Q15 profit growth driven by injected assets + falling coal prices Investment Daily Adjusting estimates for CB issuance; mgmt outlook negative near-term, but more favorable longer-term Orders and profit improve sequentially Asian Daily First Light Asia：What’s Changed, Research Focus, Today’s Events