India：December IIP falls back in line Chinese Gas Utilities: Hubei takes the lead – 6% ROA for distributors Asia Credit Strategy：Thoughts on macro trades following the market rally China Telecom & Internet Sectors：IPTV neutral to telcos for now, but may benefit long-term growth Hold: Lower than expected 4Q16 earnings HDT market posted favourable results in January;fundamentals likely to remain strong Results missed, but DPU met Hubei pricing regulation: impacts to be seen but with some positive signs News, views and valuation Yum Cha