When will the BoJ sell the JGBs to raise 10-year yield? Premium justified on superior ROE;recommend BUY Growing healthcareexpenditure to become a new normal Topline growth beat Yili’s at the expense of profitability Slower momentum, higher profitability Morning Research Focus US Machinery: MINExpo 2016 Takeaways Q-Strategy Help in EM: Stock screens that combine thematic macro and quant See September SAAR Tracking A Strong 17.7 mn;Richer Mix to More than Offset Higher Incentives Sansiri: 8MFY16 presales make up only 41% of full-year target