APAC Equity Strategy Asia Chart of the Week: Nope, no deleveraging yet Operating difficulties unlikely to reverse in near term due to uncompetitive products Focus on profitability and good CF ensures dividend payout; Buy Share price rally driven by unexpected special dividend unsustainable; Sell Buy: Valuation is cheap despite no spotlight in growth To acquire Tumi, says WSJ Acquisition of Tumi for USD1.8bn Property & Casualty Insurance: AIFA Conference Takeaways: P&C Insurance Sector Is A Relative Safe Haven Despite Pricing Headwind US Machinery: January Class 8 Engine Factory Shipments Share Data