20160302-Macquarie-PEC’s Japan strategyPower-up Japan Guangzhou to adjust districts that are subject to HPR：Views on the Estate: HK/China property monitor EM Credit Today EM Daily：Tailwinds and underlying risks China Auto Drivers:What to expect from the upcoming National People’s Congress China Oil & Gas:Expert’s View on CBM subsidy increase-not enough to incentivize drilling;no radical output growth in sight Sansiri:4QFY15 profit down 18% y‐y Singapore Morning Note RS:4QFY15 net profit up a whopping 718.3% y‐y, strong growth momentum set to continue into 1QFY16 Market News