Buy:Sales volume in Jan 2016 +2% YoY January: box office beats market and another 92 screens acquired Stronger recovery for core profit;several macro headwinds 3QFY16 first take - Mobile turnaround coming through, better results in the face of FX headwinds Making the right noises, but when will the market believe? Stay OW Lifting PT to HK$7.0 – Well positioned for margin expansion Oil Services & Equipment:E&P Budget Watch: Early Read Signaling Bad News Is Worse News? China Financials:How exposed are banks to equities markets? Palladium:Switzerland Helps Out By Accumulating A Little Surplus Palladium Restaurants:Focusing on YUM>MCD from here and like both EAT and BLMN in Casual Dining.