Government warning against excessive use of leverage in T-1 cities Short list for Anglo long walls Buy: Multiple growth drivers lining up Daily prices and news:US imposes duty on cold-rolled steel imports Working capital – the offline angle Homantin land sales showed good discipline by major developers February sales data:Jan-Feb combined sales point to a challenging 1Q16 Taipei Intl. Cycle Show:High-end models make small contribution Buy:Larger concerns are behind Expect U-shaped recovery, near-term margin contraction; Neutral