PBoC cuts RRR; yield curve may steepen modestly An experienced EPC contractor significantly undervalued Hold: On the road with management Metro Pacific Inv (MPI PM):Buy: Strong volume growth in 2016 but tax in water division keeps income flat Investment Daily Central Pattana: 4QFY15 profit up 4.95% y-y & 5.19% q-q, further expansion plan in pipeline for retail & residential property bu Below industry average VDS ranking to put more pressure on residual value and financing margin Buy: Admirable performance in a weak economy Maintain Hold:grim outlook, healthy yield Monetary easing to continue, capital control still likely: Takeaways from G20 summit and PBoC RRR cut