Malaysia: Output throttling back in February 2014 leaders & laggards: losses prevalent but will improve from 2015; lower fuel priced in, stay selective Delayed cycle, slower growth and weaker asset quality; Tactical d/g of DBS to Neutral Abundant backlog with juicy overseas market. Maintain BUY Riding the high tide: Raise EPS/TP again, affirm Buy, add to CL Morning Notes Asian Daily What is running with the Southbound herd Fast expansion in overseas, but largely reflected in current price. Upside is limited PrimeTime Asia