New Chalco perp - see fair at 6.0% COGO: 1Q14 contracted sales amounted to HK$2,380mn MTM losses drag 2013 earnings Contracted sales momentum picking up in Mar; ASP saw marked increase CSCI: 3M14 new contract value up 44% YoY; locking-in 41.6% of target US Daily Economic Notes：April green shoots Key takeaways from NDR - Shaping its own destiny Mutual market access: Big sentiment boost; small earnings impact DB HK CSI Weekly Finally delivering on the "through train" promise, raise TP to HK$14