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 Eye on China Consumers–MNC View Series 65：Carrefour LFL sales further deteriorated in the first quarter China：March exports disappointed,with lingering lunar new year distortions;trade surplus narrowed to $3.1 billion China Wind Power-H shares：More potential upside backed up by real operating improvement Global Developed Markets Strategy Dashboards Mar'15: As auto sales end the year on a sedate note, growth in FY16E to be driven by government's policy initiatives Slower capacity growth offset by lower interest rates; Sell First to Market