At an inflection point CTBC FHC (2891 TT) OW: Raising 2013e net profit 21% Japan must press ahead with tax reform：Frederic Neumann's latest op-ed in the Financial Times Energy Monthly Update In-line 1H13 – strong loan growth and margin expansion offset by weaker non-int. income The MAD (multi-asset daily) L'Oreal to acquire Magic Holding In-line results, outlook positive Anhui Conch Cement Valuation expansion in the cards