Energy Monthly Update In-line 1H13 – strong loan growth and margin expansion offset by weaker non-int. income Tata Steel Ltd (TATA IN) N: 1Q results; in line, but steel-cycle still not getting better The MAD (multi-asset daily) L'Oreal to acquire Magic Holding Anhui Conch Cement Valuation expansion in the cards AMMB Holdings (AMM MK) UW: 1Q FY14 earnings inflated by write-backs Strong 1H13results, even better outlook for 2H13 Mixed Bag of Results as Bank Reduces Risk