Latin America Daily Spotlight 1Q results show some sequential improvement in SSSG; trend division too small to conclude turnaround Benefits from refinery upgrades; margin upside from fuel specs Initiating at Overweight - Riding the Solid Growth in Dairy Beverage 3Q13 results beat expectations and could drive shortcovering;still our top pick in China and the region Operationally improving trend may reverse in 4Q; chemicals loss – a concern 3Q13 result and mgmt call takeaways in line, turnaround of terminal business a major positive Losses shrank q/q; improving results in 4Q could drive share price rebound UW: Wireless data upside muted by SMS pressure 3Q result disappointed on NIM and asset quality