3Q NPAT up 13%; dual decline in NPL continued Impact of Malaysian policies to CG shouldn’t be exaggerated Low demand drags utilization; cut EPS and TP 3Q core earnings up by 5% YoY driven by port unit growth CCB briefing takeaways Much reduced visibility；earnings reset Neutral: 3Q13 weak, though coal has bottomed Strong Q313 result ahead of consensus Slow bottom line growth could disappoint the market Del Monte Pacific Still on-course for a good year