Careful capacity caliberations increase confidence South Africa: Chipping away? Hold: 2Q preview: Expect strong quarter Hanging onto the Gains Global commodity price adjustment；upgrading met coal and zinc names Within expectations Europe trade action and potential India gains India Media Nusantara Citra (MNCN IJ): Buy: September TV ratings – MNCN expands audience share Korea non-life insurance: Still waiting for risk loss ratio turnaround The Equity View: Navigating a New Global Order