Global Coal update Seaborne markets oversupplied but might be basing EAST ASIA SECURITIES COMPANY LIMITED China Precious Metal Resources Demand looks well supported 16 Bcf injection expected KWG Property Holding Limited 2Q14E sales to remain strong due to Tier 1 cities’ exposure Xinjiang Goldwind Science & Technology Co., Ltd. Recent price correction offers good investment opportunity; maintain sector top A strong quarter in China offsets slower HK; attractive business mix Far East Global Alert：New contract +54% YoY in 1Q14，locking -in 34% of FY14 target In line with expectations; best-in-class CF/risk management; CL-Buy