Valuation trough provides a good entry level; add to Conviction Q1 started as a dud but went out on a bang US coil prices up strongly; EU steel prices at a critical point Macau weekly numbers and understanding the volatility WCC now buying back shares Asia Index Futures Fair Value：Hang Seng Index – Daily Futures Fair Value Monitor Siam City Cement ( SCCC TB )：Holcim/Lafarge merger is neutral First Gen ( FGEN PM )：Another transformer damaged Asia Consumer & Media Daily a milder slowdown in Taiwan and better China growth