Flash Notes Malaysia: Budget 2014 Focuses On Fiscal Consolidation SGS Perspective 28？October - 01？November 2013？ 3Q results – worst quarter since GFC;debt rising by RMB7-10bn a quarter 3Q results: higher copper offset lower zinc; clouds of delay on Dugald River? 3Q3 results – beat on guidance; questions on sustainability Regional Morning Pack In-line 3Q13 results; maintain Buy rating 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