Everbright Spot：What’s Inside Upgraded for a great year Korea: Jobless rate turned back down in March Multiple risks leading to sell-off New contender for fourth mobile operator position; potential overhang on valuations? Weak PCs, Datacenter strong, Capex gap with TSMC continues to widen 4G price cuts: a negative surprise; don’t hit the panic button yet Bouncing off a low base Slightly softer take-up of Galaxy S6; mixed implications for Korea telcos MPI acquires 10% direct stake in Meralco; EDC bags Php8.53/kWh FIT rate for 150MW Burgos Wind