March trade data fell below market expectations significantly Transpacific rates rose while Asia-Europe rates reached record low; CMA CGM orders 20K teu ships 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 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 Property：More policy easing;identifying key beneficiaries China Wind Power-H shares：More potential upside backed up by real operating improvement