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China Increases Rail Investment to Boost Growth  1 August  2012

China Inflation  - Domestic Oil Price Cut As Early As 8 June  1 June  2012

China Inflation  - Further Falls Likely As Vegetable Prices Continue To Decline  25 May  2012

Railways  - Spending Expected to Rebound in 2H  23 May  2012

Autos Monthly - Uncertain - Sales Up 9% YoY But Down 6% MoM  9 May  2012

Congress Delay Reports Plausible But Less Significant Than Suggested  9 May  2012

Property Monthly - Standoff Between Buyers And Sellers  7 May  2012

Fresh Indian Cotton Exports - More Relief For Textile Companies Likely  3 May  2012

Gold Quarterly - China Gold Demand Growth Slows In Q1 2 May  2012

Commodity Supply Is Now The Main Price Driver 17 April  2012

Railways - After Strong Rally We Lower Short-Term to Hold on CSR and Zhuzhou CSR: Long-Term Buy Retained 17 April  2012

Steel - Baosteel Remains Leader, Set for a Rebound in H2   11 April  2012

Property Monthly - New Phase Entered ?   10 April  2012

China CPI - Wait For The Food Breakdown   9 April  2012

Autos Survey: Possible Upturn Ahead   6 April  2012

AsiaSat to be Privatised for Second Time   5 April  2012

Steel Monthly - Prices Have Bottomed and May Rise Further   15 March  2012

Indian Cotton Exports In Perspective   13 March  2012

Property Monthly - Slight Shifts Though Beijing Holds Its Line   9 March  2012

Auto Monthly - Slight Growth In First Two Months   7 March  2012

Beijing Adjusts Policies - Helping Economy   29 February  2012

APT Satellite - Take Profits   27 February  2012

Steel Monthly - Demand Has Not Recovered but More Traders are Optimistic about March   14 February  2012

Autos Monthly - Distorted by the Spring Festival   8 February  2012

Property Monthly - Suburban Prices Down, Wait-and-See Attitude Prevails   3 February  2012

Manufacturing - China Construction Equipment Sales Picking Up   2 February  2012

Manufacturing - Sany Maintains Leadership   1 February  2012

China's Slower Q4 GDP Growth No Reason For Policy Change   18 January  2012

Steel - Market May Stay Weak In February Before Upturn in March   18 January  2012

China Auto Survey - Inventory Decline Suggests Bottom Of Cycle   12 January  2012

December Property Survey - Suburban Prices Down Both MoM and YoY; Property Policy Unchanged   10 January  2012

Taiwan Election - Notes On Beijing's Thinking   9 January  2012

Steel - Cold Winter for Both Steel Producers and Traders   13  December  2011

Steel - Baosteel Selling Loss - Making Assets   13  December  2011

November Property Survey - Prices Down Month-on-Month, Still Higher Y-o-Y   1  December  2011

Steel - Demand, Production and Prices Declined in Unusually-Slow October   16  November  2011

AsiaSat Orders Two New Satellites - Outlook Remains Positive   11  November  2011

Annual Auto Sales Growth Slows To 4% In October   4  November  2011

October Property Prices Slightly Down, Volumes Continue To Drop   3  November  2011

Railways - CSR Still Oversold, Q3 EPS Up 10% y-o-y     2  November  2011

Steel - September Not "Golden", Q4 Sentiment Negative     19  October  2011

Car Sales Picked Up Further in September to 9%     6  October  2011

September Property Prices Stable, Volumes Falling     29  September 2011

Logs Seen Falling Nearly 25% in Month     28  September 2011

Railways - Subway Collision Another Blow     28  September 2011

Expressway - Toll Rates Falling But Mostly On Secondary Highways     21  September 2011

Steel - No Usual Rebound in 'Golden September'     20  September 2011

Sany Heavy Industry: IPO Considerations     19  September 2011

Global Cotton Prices Set To Stabilise For Rest Of 2011     9  September 2011

August Property Prices And Volumes Weak In Suburbs     5  September 2011

Steel - Baosteel Q2 Weak, But Recovery Ahead in 2H     1  September 2011

Sany Heavy Industry - IPO Considerations     1  September 2011

Autos - Discounts Help Maintain Sales Growth in August     31  August 2011

APT Satellite - Results In Lines, First Dividends     30  August 2011

Asiasat - Strong Demand, Looking At Additional Satellite     25  August 2011

Steel - Demand Still Slow But May Rebound in September with Economy Housing Speeding Up Plus Seasonal Strength     18  August 2011

China Nuclear Back On Track - Dongfang Main Beneficiary    17  August 2011

Railways - Latest Announcements Will Have Little Impact Before 2015    12  August 2011

Commodities- Cash-Flush Iron Ore Majors Speed Up Capex and Supply Growth    11  August 2011

Are Markets Ready For An Assertive China ?    10  August 2011

Railways - Raising Estimates On Strong CSR and Zhuzhou CSR 1H Earnings    10  August 2011

July Property Prices Edging Up In City Centres    8  August 2011

Turnaround in July Sedan Sales - Luxury Sales Up 20%  4  August 2011

Railways - Train Crash Does Not Affect Long-Term Fundamentals  26  July 2011

Steel - Entering Slow Period Whilst Production Stays High   12  July 2011

Steel - Angang's Q2 Better Than Q1, But Still Weak   11  July 2011

June Sedan Sales Shrank 3% While Inventories Rose   7  July 2011

Expressways - Market Overreacting to Potential Policy Changes  21  June 2011

Steel - Production Just Starting to Fall Late May, Otherwise Little Impact of Power Cuts  17  June 2011

Railways - CSR Raising Funds From Parent and Social Security Fund  16  June 2011

Railways - Capacity Still Short of Demand  8  June 2011

Property Prices - No Widespread Slips on High Inflation Expectations  7  June 2011

Sedan Sales Slowed To Flat In May  3  June 2011

Gold Investment Demand in China Spreading Inland  27  May 2011

Construction Equipment: Slowdown Over The Next Two Quarters   17  May 2011

Property Prices: Suburban Areas Starting To Slip   9  May 2011

Commodities: Is This The End?   5  May 2011

Autos: Sales Growth Decline Continues In April  4  May 2011

China Auto Show Highlights Luxury and Technology    25  April 2011

Sany Heavy Industry: Anonymous Internet Post Alleges Bribery    21  April 2011

Drought Concerns Fade As Wheat Is In Excellent Or Good Condition    16  April 2011

March Autos - Rising Inventories Could Force Production Cuts    16  April 2011

Softness Appearing In Mass Market Residential Property    8  April 2011

Railway: CSR and Zhuzhou CSR On Course For Further Growth    30  March 2011

Harbin Power: Downgraded To Hold On Weak Operating Performance    22  March 2011

Japan's Nuclear Disaster Unlikely To Derail China's Nuclear Programme    16  March 2011

Steel - Asian Prices to Rise on Japan's Earthquake Disruption    14  March 2011

China Property Prices Increases Halted in Half Cities    9  March 2011

Construction Equipment - Strong 2010 For Liugong But Are 2011 Targets Too Ambitious ?    8  March 2011

February Auto Sales Weaken Further   3  March 2011

China Winter Wheat Drought Areas Shrinks 66% After Recent Rains   2  March 2011

Trina Solar - Outstanding Q4 Earnings With Outlook Still Very Positive - BUY   23  February 2011

Gold Demand Strong During China's Spring Festival   15  February 2011

Chinese Property Market - Supply Likely To Prove Key Feature   1  February 2011

Jan 2011 Sedan Sales: Up 5% y-o-y, Down 30% m-o-m   1  February 2011

Steel - Disappointing Short-Term Performance, But Long-Term Fundamentals Still Sound   21  January 2011

SmartHeat Enters Nuclear Sector   19  January 2011

Property Volume Jump Ahead Of Possible Policy Measures   13  January 2011

Dealers See 2011 Sedan Sales Up 10-15% Despite Late 2010 Surge   11  January 2011

November Auto Inventories Declining   14  December  2010

Railways - CSR Continues To Step Up With GE Joint Venture   9  December  2010

Changsha Zoomlion Hong Kong Listing Looks Fully Priced   6  December  2010

Construction Equipment: Key Impressions after "Bauma 2010"   26  November  2010

Steel: Underlying Demand Steady With Strong Momentum  23  November  2010

China Auto Dealer Sales Mixed  17  November  2010

China's R&D: The West Will Lose More Than Just Manufacturing  4  November  2010

Expressways: Anhui Expressway Raise Toll Rates - Buy  4  November  2010

Commodities: Gold Not A Leading Indicator of Inflationary Expectations  1  November  2010

Steel: Angang Surprises With Q3 Loss But Should Recover in Q4  1  November  2010

September Auto Sales: Good Signs    14  October  2010

Steel Price On Track For Strong Recovery In Q4    7  September  2010

Positive Signal From Auto Dealer Survey    2  September  2010

Monthly Research Ideas Summary    31  August  2010

Sany Heavy Industry: Results Prove Industry Leadership, Buy    24   August  2010

Sany Heavy Equipment: Consensus Ignoring Margin Drop    20   August  2010

Comtec: First Half Results Confirm Strength In Solar Sector    17   August  2010

Property Prices Drift But Volumes Tell The Next Story    13   August  2010

Tencent: Strong Advertising Revival    12   August  2010

Very Strong Results From Solarfun: BUY    6   August  2010

July Car Sales Down But Decline May Be Bottoming    4   August  2010

Steel - Steel Prices Have Bottomed    28   July  2010

Gold Strong As Other Assets Fail To Perform    17   July  2010

Steel - POSCO On Track For Strong 2010 Recovery    14   July  2010

Yuan Longping Makes Moves    7   July  2010

China Power  -  Chengdu Power Cuts Not Isolated    6   July  2010

June Sedan Sales Down 8% m-o-m  -  Inventories Up    6   July  2010

China Power  -  Blackouts Return     1   July  2010

Texwince  -  Stronger 2011 Prospect     28   June  2010

Steel  -  Market Overreacting to Removal of Export Tax Rebate     2 4   June  2010

Steel  -  Baosteel Cuts Prices, Long-Term Outlook Still Bullish     4   June  2010

Auto Dealer Survey  -  May Sales Pich Up Though Inventories Remain High     4   June  2010

China Property  -  First Price Decline This Cycle     1   June  2010

Hollysys  -  Changes to The Board of Directors     1   June  2010

Steel  -  Angang Group Confirms Merger with Panzhihua     26   May  2010

China Unclear  -  The Whisper Gets Louder     20   May  2010

Hollysys  -  Nuclear Opportunity     18   May  2010

Mindray  -  Share Price Drop Looks Overdone     17   May  2010

Sedan Sales  -  Manufacturer Inventories Building Despite April/May Sales Rebound     12   May  2010

ZTE  -  ZTE Says Its Not Worried About Indian Reports     11   May  2010

Steel  -  Auto Slowdown Not a Major Concern for Steel, Bao's Q1 Very Strong     7   May  2010

R&D Note  -  Microsoft's First Win in China     4   May  2010

Steel -  Q1 Results Confirm Recovery, Iron Ore Pricing Settled     30   April  2010

Sany Heavy Equipment -  Improving Mining Safety, Mechanisation     27   April  2010

Sany Heavy Industry -  Hong Kong Listing Planned     26   April  2010

China South Locomotive's 2009 Earnings In Line, Growing 32% in 2010     23   April  2010

Construction Machinery - Consumption Brought Forward ?     22   April  2010

Steel - Angang's 2009 Earnings Below Expectations But Recovery Ahead     21   April  2010

Steel - Maanshan's Q1 Results Confirm Recovery     21   April  2010

Zhuzhou CSR's 2009 Earnings Grew In Line With Expectations, Further Strength Ahead     20   April  2010

China High Speed Transmission - Earnings Beat Expectations, Strong Wind     19   April  2010

Steel - Iron Ore Prices Not a Reason To Sell Steel     15   April  2010

China Autos - Geely Results Disappoint, But Current Valuation Attractive     15   April  2010

China Autos - Sharp Adjustment Ahead     14   April  2010

R&D Notes - China's Own Standard Aids Rail-Related Companies     14   April  2010

R&D Notes - SmartHeat Could Be Increasingly Nuclear     13   April  2010

China Property - Concentrated Press Coverage A Prelude to Policy Change     12   April  2010

ZTE - 2009 Growth Led Industry, Momentum Into 2010     9   April  2010

R&D Notes - Thinking Differently About Current Technology     8   April  2010

Expressway - Anhui Expressway Should See 14% Better Earnings in 2010     8   April  2010

Steel - Baosteel Should See a Strong Recovery in 2009     6   April  2010

Zhenhua Heavy - Weak 2009, Strong Prospects In New Products     6   April  2010

US and China Have A Temporary Deal     6   April  2010

SmartHeat 2009 Earnings Slightly Low  -  Strong Growth Trend Intact     6   April  2010

Simcere 2009 Results  -  R&D Expenditure Above Expectations     1   April  2010

Steel  -  Steel Prices Keeping Up With Iron Ore Costs     31   March  2010

Guangxi Liugong  -  2009 Above Expectations, Raising 2010 Forecasts, Maintain Buy     25   March  2010

Google Move Unlikely To Benefit Baidu Significantly  -  May Not Even Harm Google That Much     25   March  2010

China Unicom Results Below Forecast  -  Outlook Still Difficult - Maintain Sell     25   March  2010

China Property  -  SASAC's Order Only Symbolic     24   March  2010

Expressways  -  Shenzhen Expressway Set To See Strong Earnings Rebound     23   March  2010

China Automation  -  Benefiting From China's Need For Higher Efficiency, Safety     22   March  2010

China  -  Property Shnaghai Fair Trends     18   March  2010

Jinpan 2009 Results In Line  -  2010 Guidance Low     17   March  2010

CPI  -  Does Not Worry Us     11   March  2010

Sedan Sales  -  January/February 5% Growth Slowest Since April     10   March  2010

China Property  -  Prices Stable So Far In 2010, Inventory Cycle To Reverse      8   March  2010

China Mobile  -  Downgraded To Hold      4   March  2010

Textile Labour  -  Quoted Companies Not Affected Much In Short Term      4   March  2010

China Mobile  -  Reversing Long-Held Sell Recommendation to BUY      25   February  2010

China  -  Monetary Policy Made Clear By Central Committee   23 February  2010

China Property  -  Asset Prices Unchanged January, Slow February, Critical March   10 February  2010

Sedan Sales  -  Dealers Report January Growth Slowing To +10% y-o-y Not 112%   10 February  2010

China  -  China Mobile New Adds Shares Falls To Our Expected Range   20 January  2010

China Loan Growth  -  Caught Regulator's Attention   20 January  2010

Steel  -  POSCO's 2009 Results Point to Continued Recovery   15 January  2010

China Sedans  -  Strong December Though Weaker January Start   13 January  2010

Copenhagen and After  -  The View Of China   22 December  2009

Steel  -  Firm Sentiment   18 December  2009

China  -  November Number's Contain Few Surprises   11 December  2009

Texwinca  -  Expect a Strong Second Half FY2010   11 December  2009

China Property  -  Policy Tone Set For 1H10   10 December  2009

China  -  Sedan Sales Reaccelerate In November: +50%, Inflation Creeping In   8 December  2009

China  -  Texwinca Results In Line, Highlight Industry Trends: Consolidation, High Efficiency   8 December  2009

Steel  -  POSCO Continues With Sound Strategy   3 December  2009

China  -  China Mobile Numbers Show It Is No Longer A Growth Stock   20 November 2009

Sany Heavy IPO  -  Strong Parent, Attractive Segment   16 November 2009

China Data  -  Mixed But Comparisons Hard   11 November 2009

Skyfame  -  Typical Debt Problem, Untypical Result   11 November 2009

China Autos  -  Cash For Clunkers Limited Success   10 November 2009

China  -  Sedan Sales Growth Steadies In October At 35%   9 November 2009

Steel  -  Inventory and Production Easing   9 November 2009

Construction Machinery  -  Sany Heavy and Guangxi Liugong Show R&D Prowess   6 November 2009

China Property Prices  -  Growth Slowing Though Policy Spurs Interest   6 November 2009

China Recovery Broadens  -  Confirms Bag Man   4 November 2009

China  -  Sany Group's Mining Division's IPO Well Worth a Look   3 November 2009

China Property -  End of Supporting Policy May Distort Short Term Volume   28 October 2009

Sedan Sales  -  September Slowdown, But Still Strong   14 October 2009

Steel  -  Prices Should Rebound Before Year End   14 October 2009

China Property  -  The IPO To Watch -- Longfor   14 October 2009

China National Day Holiday  -  Retail Sales Strongest This Year   9 October 2009

China  -  Lonking Holding's Profit Warning Not Representative of the Industry   18 September 2009

Steel  -  Prices Continue to Correct as Inventories Rise, But Should Rebound Before Y/E   18 September 2009

China Macro  -  Growing Base Effect Influence In Second Half   16 September 2009

Construction Machinery  -  China Increasingly Important for Japanese Companies   15 September 2009

China's August Macro Numbers  - Few Surprises   11 September 2009

China Car Sales  - August Even Stronger   4 September 2009

China Property  - Affordability Stretched Again in Key Cities   21 August 2009

Steel  - Short-Term Correction Expected, Buy Long-Term   11 August 2009

China  - Monetary and Fiscal Policy - No Change    10 August 2009

China Electricity - Industry Recovery Suggested    7 August 2009

China Car Sales - Strongest Yet    7 August 2009

China Property - Avoiding The Gamblers    6 August 2009

China Data - Looks Plausible At Last    5 August 2009

Steel - Tata Steel's GDR Issue Improves Balance Sheet    24 July 2009

China Telecoms Subs - Market Maturity Limits Growth    22 July 2009

Indonesia - A Changing of the Southeast Asian Market Order    10 July 2009

Passenger Car Sales - Restocking Continues in June    9 July 2009

China Sedan Sales - Acceleration to 15% y-o-y, Stockpiling Almost Over ?    2 July 2009

US Planting Intentions and EI Nino Clarification    1 July 2009

EI Nino - Starting To Attract Attention    30 June 2009

China Consumers - Starting To Buckle?    13 June 2009

China Inflation - Fears Drive May Gold Sales Strongly    12 June 2009

China Inflation - Deflation Should End In Third Quarter    10 June 2009

Car Sales - Restocking Explains Strong May Number    9 June 2009

EI Nino Update - Palm Oil Yields To Fall and Prices Rise    3 June 2009

Expressway - Shenzhen's Purchase Will Stretch Balance Sheet Further    2 June 2009

Steel - New Contract Iron Ore Prices Still Above Spot Prices    26 May 2009

China Construction Equipment - Caution For The Bulls    18 May 2009

Steel - Tata Steel Will Likely Shut Teesside Plant at Corus    11 May 2009

China Auto Sales - 33% Sedan Sales Growth Misleading    11 May 2009

China - China Electricity Output Down 4% in April    5 May 2009

Auto Sales - Slowdown Continues In April    29 April 2009

Greentown - The Worst May Still Be Ahead    24 April 2009

China - China Electricity Output Down 4% in April - Watching For Hiccup    24 April 2009

China Property - PRD Volumes Shrink, Reversal Ahead?    21 April 2009

China Telecoms - China Mobile Already Suffering From Competition    20 April 2009

Expressways - Fund Raising Could Spell Asset Injections    20 April 2009

China GDP - Not Out of the Woods Yet    16 April 2009

China Property - How We View Voices From CASS    14 April 2009

China Property - Inconsistent Data, Price Trend Down    13 April 2009

Steel - Protectionism Will Rise    9 April 2009

China Autos - Nothing To Get Excited About    9 April 2009

Steel - Beijing Takes Control of CITIC Pacific    8 April 2009

China - Property Sales Volume Sustainable ?    8 April 2009

Steel - Could Remains Over CITIC Pacific    6 April 2009

Palm Oil and Softs - EI Nino Warning    2 April 2009

Auto Sales - Steady In March But May Fade    1 April 2009

China - Coca-Cola Deal Unwanted By Both Sides    23 March 2009

China Mobile - Scope For Disappointment In 2009     20 March 2009

China Exports - February Bad by Any Reckoning      11 March 2009

China Wheat - Drought Fears Misplaced      11 March 2009

Falling Phone Usage - APRUs Under Pressure      10 March 2009

China Autos - Strong February Rebound      10 March 2009

China Inflation - February The Trough     10 March 2009

Property Volume Recovery - Reaction to Discounts     5 March 2009

China Autos - Dealer Sales Recovery Continues In February     4 March 2009

Autos - First Shanghai Number Plate Price Increase Since End 2007     3 March 2009

China Market - Newly Opened and Active Accounts Decline     3 March 2009

China Property - Central Government's Thinking Unchanged     28 February 2009

Sign of the Time - In Switzerland and Asian Families     27 February 2009

Steel - Latest Profit Warning: Maanshan     27 February 2009

Sign of the Time - Mothballing Plants a Growth Industry     26 February 2009

China Wheat -  Drought More Rhetoric Than Reality As Emergency Alert Downgraded     23 February 2009

China -  US Relations Get Over Manipulation Remarks     23 February 2009

China -  China Mobile's Share of New Subscribers Slumps     20 February 2009

China Stocks  -  Only A Matter of Time Before Beijing Takes Action     18 February 2009

China Auto Sales  -  Firm Rebound Underway ?     6 February 2009

Retail  -  Closer Look at Holiday Sales     6 February 2009

China  -  China Wheat Drought No Causer for Alarm     5 February 2009

Retail Sales  -  Holiday Sales Continues To Slow Significantly     2 February 2009

Steel  -  Tata Steel Cuts 8% of Jobs at Corus     27 January 2009

China  -  Chongqing New Property Measures: Significant, But Local     22 January 2009

China  -  China Property Cash, Cash, Cash Not Location, Location, Location     21 January 2009

Steel  -  Angang Issue Profit Warning, Expect Major Correction     20 January 2009

Steel  -  Baosteel Increases March Prices, Demand Still Weak     20 January 2009

Steel  -  POSCO's 08 EPS in Line, Expect Weaker 09     16 January 2009

China  -  China Policy Pressure Builds on Wen Jiabao     14 January 2009

China Trade  -  Expect Few Good Signs Until March     13 January 2009

China  -  December Passenger Car Sales Down 8% Little Signs of Recovery - Edited     13 January 2009

China  -  China's "Better Performance" May Not Be What It Seems     12 January 2009

Private Developer Folds  -  And So It Begins     9 January 2009

Steel  -  Chinese Demand Stabilising as Sentiment Improves      7 January 2009

China  -  China Financial Stress Seems to Rise  5 January 2009

China  -  Nov. Industrial Production Slows to 5.4%, Electricity Production Down 9.6%  15 December  2008

China  -  November Retail Sales Robust Expect Single Digits in 2009  12 December  2008

China  -  Falling November Tax Revenues May Limit Local Government Spending  11 December  2008

China  -  CPI Shows Faster Than Forecast  11 December  2008

Stress  -  Rising Factory Inventories Pushing Down ASPs  11 December  2008

Inflation  -  PPI Continues To Slow Faster Than Expected  10 December  2008

China  -  Temporary Shorter-Term Focus  10 December  2008

China  -  Shaoxing Companies In Trouble   10 December  2008

Textiles  -  Texwinca Experts January Rebound   9 December  2008

China  -  China Auto Sales Fall 10% in November   7 December  2008

Steel  -  Interest in Steel Returning but Expert Volatility   5 December  2008

China RMB  -  Concern About Outflows   5 December  2008

China  -  China Chongqing Property News Not Indicative   5 December  2008

China Stress  -  Auto Dealers Increasingly Negative   4 December  2008

China RMB  -  Sign of Intent   3 December  2008

Steel  -  BHP Abandons Rio Bid Amidst Weak Market   25 November  2008

China  -  China Employment Grim  21 November  2008

Property Workshop Conclusions -  Too Early To Be Early  17 November  2008

China -  China October Tax Revenues Down 0.3%  17 November  2008

China Macro -  Slowdown Greater Than We Expected 13 November  2008

China Export Details -  Further Signs of Robustness  12 November  2008

China -  Retail Sales Growth Remains Stronger Than Expected  12 November  2008

China -  China Exports Still Grew 19.2% in October  11 November  2008

China -  China Inflation Continues To Fall Significantly  11 November  2008

Steel and Infrastructure -  Accelerated Spending Will Underpin Chinese Steel Demand  10 November  2008

China -  China Stimulus No Surprises Except Size  10 November  2008

Steel - Baosteel's Q3 Below Expectation On Higher Costs and Inventory Write - Downs  31 October  2008

Railways - Rmb2trn Railway Investment Point to More Infrastructure Spending  28 October  2008

Steel - Baosteel Cuts December Prices, But Still In Line With Expectations  22 October  2008

Steel - Downgrade CITIC Pacific to Sell  21 October  2008

China Inflation - PPI Peaked ?  20 October  2008

China Printing & Dyeing  10 October  2008

Steel  - FerroChina Symptomatic of Downstream Processors, Not Large Players  10 October  2008

China Property  - Local Measures Appearing  3 October  2008

China - First Purchasing Managers' Survey Rise Since April  2 October  2008

China - Pay Heed to Fan Gang  30 September  2008

China - Straws in the Wind Bears Should Consider  29 September  2008

China - China Rate Cut Shows Intent  15 September  2008

China Inflation - Decline Even Faster Than Expected  10 September  2008

Steel - Panzhihua Quake Impact Under 1%  2 September  2008

China Currency - Less Appreciation  1 September  2008

China Consumer Confidence - Seems to Be Recovering At Last  27 August  2008

China Market - Bottoming Signs  27 August  2008

Steel - Baosteel Cuts Q4 Prices, But We Expect Recovery At Year End  26 August  2008

Unicom/Netcom Results - Questions For The Companies  26 August  2008

China - China Grid Calls For Higher End-User Power Tariffs  21 August  2008

Telecoms - July Mobile Adds Slump  20 August  2008

China - IPP Shares Fall On Tariff Increase - Buy  20 August  2008

China - China Energy Task Force Likely To Recommend IPP Tariff Increase  19 August  2008

China - Very Useful Paper On China's Energy Policy Bodies  18 August  2008

China Inflation  - Food Prices Slowing Faster - 4.6% by December  12 August  2008

China  - Mixed Signals PPI and Autos   11 August  2008

Textiles  - Weiqiao Textile: Doubts About Longer-Term Strategy, Sell   30 July  2008

Internet  - Chinese Internet Users Exceed 250mn   29 July  2008

Steel  - POSCO's Q2 Confirms Margin Strength   13 July  2008

IPP Tariff Increases  - The Start, Not End of The Process   3 July  2008

Steel  - Baosteel Continues to be Leading Consolidator   27 June  2008

Energy Price Increases Just The Start  - Buy Sinopec, PetroChina, IPPs   20 June  2008

Shandong Power Tariff Hike  - Government Committed To Market Mechanisms   12 June  2008

Inflation  - Looks As If It Has Peaked   12 June  2008

Inflation  - PPI Higher till July   11 June  2008

China  - China Auto Sales Confirm Consumer Confidence   6 June  2008

Power  - Coal Price Restrictions Less Significant Than They Look   6 June  2008

Telecoms  - Planned PHS Closures to Thwart China Mobile Subscriber Gains   2 June  2008

Commodities  - Inflation Falling in Second Half   30 May  2008

Power  - IPP Stock Up As Government Seeks Way To Offset Rising Coal Prices   30 May  2008

Rice  - Panic Over   27 May  2008

Telecoms  - Telecoms Revamp Announcement Still Leaves Many Uncertainties   26 May  2008

China  - Telecoms Restructuring Gets Underway in China   23 May  2008

China  - China Internet Stocks Fall On Earthquake - Buying Opportunity   20 May  2008

China  - Sichuan Earthquake Damage Likely Limited to Short Term  13 May  2008

Rice  - Rice Price Likely to Rise More Than Expected On Burmese Cyclone  7 May  2008

Power  - Power Tariff Increase Reportedly Considered For China IPPs  29 April  2008

Taiwan  - Taiwan Signals No Great Rush on Cross Strait Deal  29 April  2008

Steel  - Baosteel's Overseas Listing May Be Impending, But Not Likely Soon  28 April  2008

Power  - Increase In IPP Tariffs Manageable  22 April  2008

Steel  - Buy Maanshan, One of Cheapest Asian Steel Shares, Growing43% in 08  19 April  2008

Steel  - Olympics - Related Cuts Not As Large As Reported, But May Hold Up Prices  18 April  2008

Steel  - Buy Angang on Expected 24% Recovery in 08  17 April  2008

Power  - China Power Downgraded To Hold  17 April  2008

China  - China Economy Angst Should Ease  16 April  2008

China  - China Energy and Environment Workshop Macro Conclusions  15 April  2008

Textiles  - China Ting: Satisfactory Considering  7 April  2008

Textiles  - Weiqiao: Industry and Company Concerns  7 April  2008

Steel  - Buy Bao on 30% Three-Year EPS CAGR  28 March  2008

Textiles  - Shenzhou International: Dropping Coverage Until Derivatives Question Clears Up  26 March  2008

Taiwan  - Taiwan Election Clears Way for Progress  25 March  2008

Commodities Correction Perspective  - Likely Winners and Losers  21 March  2008

Taiwan  - Taiwan Should Rally Regardless of Winner  20 March  2008

Steel  - CITIC Pacific Has 52% Upside to Target Price  19 March  2008

Commodities and Currencies  - Prepare for Corrections  13 March  2008

China - Retail Sales Supporting GDP Growth  12 March  2008

China Inflation  - Hit By Snow  11 March  2008

China  - Car Sales Show Consumer Spending Resilient Despite Snow  11 March  2008

Telecoms  - Fundamental Turnaround Finally Boosts PCCW Earning - BUY  10 March  2008

China  - China Indicates It is More Market Friendly  6 March  2008

China Energy - Positive News From Bureaucratic Overhaul  5 March  2008

Textiles - Fountain Set Issues Profit Warning, Moves Out Of Guangdong  3 March  2008

Expressways - Hong Kong-Zhuhai-Macau Bridge Tender Should Boost Hopewell  29 February  2008

Steel - Baosteel Increases Q2 Price 6-20%, Offsetting Higher Iron Ore Costs  25 February  2008

Telecoms - Restructuring Announcement Imminent  22 February  2008

Fuel Oil Tax - Sinopec To Benefit  21 February  2008

Politics - Sign of the Time  20 February  2008

Telecoms - Fixed-Line Telcos Still Losing Subscribers  20 February  2008

China Inflation - Pork Price to Ease 2008  20 February  2008

China - CPI Likely To Rise To 8-9%   19 February  2008

China - Inflation Concerns Mount   18 February  2008

Steel - 65% Iron Ore Price Increases Well-Covered by Steel Price Rises   18 February  2008

Malaysia - Election Full of Questions   14 February  2008

Healthcare - Sign of the Times   13 February  2008

China - Snow Impact Update   11 February  2008

Commodities - Weather Crisis Hammers China's Economy   1 February  2008

Commodities - Cold Weather's Inflationary Impact on Foodstuffs   1 February  2008

Power - Energy Law, Energy Ministry Delayed   28 January 2008

Telecoms - China Netcom Lost 2.5mn Subscribers In December   20 January 2008

Strategy - Confidence to Rise after Taiwan Election   14 January 2008

Telecoms - Major Restructuring Imminent   12 January 2008

Steel - POSCO's 07 EPS In Line, Maintain Estimates and Buy   12 January 2008

Telecoms - Netcom Losses Accelerate, Restructuring Pressure Grows   20 December 2007

Textiles - Shenzhou International: Downgrading from Buy to Hold   17 December 2007

Inflation - USDA Raises Major Grains Price Forecasts   14 December 2007

Mining, Steel - BHPBilliton-Rio, Bao and China   14 December 2007

Textiles - Texwinca - Keeping Buying After Strong First Half   14 December 2007

Power - Sign of the Times - China to Manage Philippines Grid   13 December 2007

Asian Steel - Baosteel Buys More Assets From Parent   13 December 2007

China Inflation - Pressures Rise As PPI Accelerates   11 December 2007

China Environment - Closing the Loopholes   10 December 2007

Energy - Turning Point on Energy, Environment Signalled   7 December 2007

$100 Oil - No Recession Till $150-180   22 November 2007

Steel - Bao Shows Price Recovery Continues: Buy   21 November 2007

Telecoms - Restructuring Coming, Sell China Mobile   20 November 2007

Steel - High Raw Material Costs May Still Be Passed On   11 November 2007

China - China Risks Inflation With 8% Fuel Price Rise   1 November 2007

Steel - Baosteel's Stainless Loss Temporary   1 November 2007

Steel - Baosteel Q3 Earning - Blip in Otherwise strong Outlook   1 November 2007

Energy - Beijing Targets Officials in Conservation Drive    29 October 2007

Telecoms - Restructuring Signals Intensify, negative for China Mobile   26 October 2007

Telecoms - Clarity Emerging   22 October 2007

Inflation - Not Out of the Woods Yet   19 October 2007

Politics - 17th Congress More Politics Than Economics   12 October 2007

Textiles - EU China Agree to End Textiles, Garment Quotas   10 October 2007

Textiles - Buy Shenzhou, No Smoking Gun   10 October 2007

Textiles - Shenzhou Announces Auditor Change   30 September  2007

Power, Energy - Stricter Environmental Measures Ahead   28 September  2007

Inflation - Australian Wheat Forecast Cut   24 September  2007

Inflation - Pasta Strike Sign of the Times   13 September  2007

Inflation - A Warning Worldwide   11 September  2007

Steel - Baosteel H1 Results In lines, Maintain Estimates and Buy   3 September  2007

Railways - Daqin H1 Results In lines, Maintain Long-Term Buy   31 August  2007

Railways - Guangshen Still a Long-Term Buy, Lowering 07 Estimates 12%   31 August  2007

Steel - Tata Steel Consolidated Q1 Results Above Expectations   30 August  2007

Expressway - Anhui H1 Hit By Higher Tax, Still a Long-Term Buy   27 August  2007

Expressway - Hopewell Results In Line - Buy   23 August  2007

Expressway - Zhejiang H1 Results Ahead of Expectations But Maintain Hold  23 August  2007

Steel - CITIC Pacific H1 Results Ahead of Expectations - Buy  23 August  2007

Steel - Baosteel Lowers Q4 Prices, A Delayed Adjustment to Spot Market   21 August  2007

Expressways - Jiangsu H1 Results Better Than Expected, Raising Forecasts   21 August  2007

Inflation - Beijing Behind the Curve   13 August  2007

Steel - JFE Q1 Results Very Strong   31 July 2007

Steel - Nippon Steel Q1 Results In Line, Maintaining Estimates   31 July 2007

Steel - SAIL Q1 Results Below Expectations, Lowering Estimates   26 July 2007

Steel - JSW Q1 Results In Line, Maintaining Estimates   25 July 2007

Telecoms - Sell UTStarcom   21 July 2007

Inflation - Beijing Behind the Curve   20 July 2007

Steel - POSCO's Q2 Results Strong And In Line, Maintain Estimates and Buy   17 July 2007

Textiles: Cotton Price Warning   11 July 2007

Textiles: Shenzhou An Exporter Doing Even Better  5 July 2007

Textiles - Rebate Cuts: Little Impact  20 June 2007

China Macro - Tax Rebate Cuts Minimal Long-Term Impact  20 June 2007

China Property - Vincent Lo Sign of the Changing Times  18 June 2007

China Telecom: Acquistion at 10XPER, But Small. Hold  18 June 2007

UTStarcom - Sell: Bond Holders Issue Default Notice  8 June 2007

Chinese Power Tariffs - No Increase Likely Until Year-end  6 June 2007

Focus Media - New Growth Area  6 June 2007

China and Climate Change - Good Intentions; Hard to Implement  5 June 2007

Telecoms: UTStarcom - China CEO Quits, Strategic Review Concluded, Still No Financials: SELL  4 June 2007

Textiles: Shenzhou International - Raising Estimates on Better Margins   29 May 2007

Asian Steel: Baosteel Maintains Q3 Prices as Industry Takes a Breather   23 May 2007

Asian Steel: Buy Tata Steel   21 May 2007

Textiles: Pacific Textiles IPO - Pay Up To HK$ 3.20   7 May 2007

Asian Steel: Sumitomo Results In Line, Lowering FY08 Estimates Slightly by 5%    3 May 2007

Asian Steel: JSW EPS Growth Up 43%, Maintaining Estimates    3 May 2007

Railways: Daqin Still a Buy, Raising Estimates    1 May 2007

Asian Steel: Nippon Steel Results Ahead of Expectations, Raising 08 Estimates    1 May 2007

Asian Steel: JFE Results In Line, Raising 08 Estimates    27 Apr 2007

Expressways: Zhejiang Results In Line, Maintain Hold    26 Apr 2007

Textiles: Canton Fair Shows Fabrics Growth Stronger, Garments Weaker    25 Apr 2007

Railways: Buy Guangshen, Raising Estimates    23 Apr 2007

Textiles: Texwince Benefiting From Environmental Controls-Driven Consolidation    20 Apr 2007

Asian Steel: Tata Hold on Equity Dilution, Lowering Estimates    20 Apr 2007

Asian Steel: Maintaining Maanshan's Estimates and Buy   19 Apr 2007

Telecoms: Sell UTStarcom, Which Failed to Meet Its Nasdaq Deadline   19 Apr 2007

Asian Steel: POSCO's Q1 Results In Line, Maintain Estimates   13 Apr 2007

Asian Steel: Lowering Angang's EPS on Rights Issue, Weakness Seen   13 Apr 2007

Telecoms: UTStarcom - Disappointment Imminent   12 Apr 2007

Asian Steel: Baosteel Maintain Estimates and Buy   9 Apr 2007

Asian Steel: Baosteel's Results Ahead of Expectations, Maintain Buy   4 Apr 2007

Textiles: China Ting 2006 Results Disappoint on Operating Level   29 Mar 2007

Expressways: Jiangsu Results In Line, Raising Forecasts   27 Mar 2007

Expressways: Anhui Still A Long-Term Buy   27 Mar 2007

Telecoms: Sell UTStarcom On Latest PHS Subscriber Numbers   22 Mar 2007

Telecoms: Sell China Mobile - Churn, Marketing Costs Are Concerns   22 Mar 2007

Telecoms: China Telecom Subscriber Adds Down Again   20 Mar 2007

Power: China Power Outlook Still Strong Despite Low 2006 Results   19 Mar 2007

Textiles: Maintain Buy on Shenzhou Int'l   19 Mar 2007

Expressways: Raising DCF Value   7 Mar 2007

Expressways: Shenzhen Negative Short Term But Still Has Long-Term Value   7 Mar 2007

Asian Steel: Baosteel Price Increase Underlines Industry Strength   2 Mar 2007

China Macro: China Facing an Inevitable Classic Asian Liquidity Rally   1 Mar 2007

China Macro: Investment Growth Plunge Continues to 13.8%   25 Jan 2007

China Retail: Gome -  One More Factor to Consider   19 Jan 2007

Telecoms: SELL UTStarcom: Still More Problems   13 Jan 2007

Asian Steel: Maintain BUY on POSCO as Earnings Recovery Continues   12 Jan 2007

China Textiles: Increasingly Positive News Underlines Case   10 Jan 2007

China Telecoms: November Data - Fixed Line Cos Still Under Pressure   20 Dec 2006

Asian Steel: Maintain BUY on Lower Coking Coal Prices   20 Dec 2006

China Autos: Norstar Founders -  May Supply Shanghai GM by 2Q07  19 Dec 2006

China Textiles: Buy Victory City, Shenzhou International 14 Dec 2006

Telecom: UTStarcom's Woes Grow - Sell 5 Dec 2006

China Expressways: Traffic In Line to Slightly Better Expected 2 Dec 2006

Asian Steel: BUY  - Q3/Q2 Results Better Than Expected 13 Nov 2006

Maintain BUY  on POSCO - M&A Possibilities, Q3 Results in Line 15 Oct 2006

Renewed M&A Talk - BUY Asian Steel Shares  13 Oct 2006

North Korea: First Thoughts  9 Oct 2006

Autos: Coming Soon - "Made in China" London Cabs  5 Oct 2006

China: Manufacturing Price Rises To Continue  4 Oct 2006

Thailand: Still Avoid  20 Sep 2006

Autos: Geely - Better Product Mix, lower Unit Sales for 2H06: BUY  19 Sep 2006

Telecoms: PCCW's Turn-Around Continues - Continue to Recommend BUY  15 Sep 2006

China Macro: FAI Slowing Sharply As Expected  13 Sep 2006

Textiles: Top Form's FY2006 Results: Efficiency Back But High Costs Continue  12 Sep 2006

Textiles: Weiqiao Textiles 1H06 Results: High Sales Growth, Strong Domestic Demand  12 Sep 2006

Autos: August Sales Growth Beyond Expectations  8 Sep 2006

Textiles: China Ting -  Waiting For Stronger Growth  8 Sep 2006

Dairy: Mengniu -  Sales Growth Exceeds Expectations But EPS Growth Slows to 14%  6 Sep 2006

Steel: Baosteel -  Results In Lines, BUY Maintained  30 Aug 2006

New Oriental - Strong Reputation But Rising Competition  30 Aug 2006

Auto: Dongfeng Motor - Commercial Vehicles May Be The Achilles Heel  29 Aug 2006

China Rate Rise: No Cause For Alarm  21 Aug 2006

Auto: China Promotes Auto Exports  18 Aug 2006

Textiles: Shenzhou - Living Up to Expectations  14 Aug 2006

PCCW/PCPD: The End of the Beginning  11 Jul 2006

China Auto: Sales Growth Slows To An Expected 16%  10 Jul 2006

PCCW: Deal Still Likely - Netcom's Position More Posturing than Substance 6 Jul 2006

China Dairy: Mengniu Management SELLS So Would We 1 Jul 2006

Asian Steel: Price Increase Announcement Affirms Our Buy On POSCO 29 Jun 2006

China Telecom: China Mobile: What We Feared 9 Jun 2006

Asian Steel: Baosteel Raises Q3 Prices 7-13%  24  May 2006

China Telecom: More Chaos at UTStarcom 11 May 2006

China Telecom: SELL Into China Unicom Speculation 4 May 2006

Asian Steel: Buying Opportunity After China Steel Share Price Falls 4 May 2006

Asian Steel: Wuhan Steel Should Recover From 1Q06, Still a Long-Term Buy 27 Apr 2006

Asian Dairy: Management Confirm Pressures - SELL Mengniu 25 Apr 2006

Asian Wine: Dynasty's 2005 Results Confirm Increasing Competition, Declining Margins 24 Apr 2006

Asian Steel: JSW Still a Long-Term Buy, FY06 Results In Line 20 Apr 2006

Asian Steel: Reduce Maanshan to Hold, But Still a Long-Term Buy 14 Apr 2006

Asian Steel: POSCO's Weak Q1 Not Surprising, Recovery Ahead  14 Apr 2006

Asian Steel: Angang Still a BUY, Further Growth Expected  12 Apr 2006

Asian Dairy: SELL Mengniu  11 Apr 2006

Asian Infrastructure: Anhui Expressway Looks the Most Promising  10 Apr 2006

China Auto: Financing Companies More Confident  3 Apr 2006

Asian Steel: Baosteel Results Not Surprising, 06 Earnings Decline Priced In  3 Apr 2006

Telecom: Dissent On 3G, Still All To Play For  30 Mar 2006

Asian Steel: Stability in Later Stage of the Cycle  30 Mar 2006

China Infrastructure: CNBM Outlook Not Too Exciting  28 Mar 2006

Asian Steel: Iron Ore Price Settlement May be Soon After April 1  27 Mar 2006

China Auto: Size Matter, Smaller the Better  23 Mar 2006

Telecom: UTStarcom - Prospects Poor, Delisting Threatened  23 Mar 2006

Telecom: China Mobile Increased Lead Over Unicom in February 20 Mar 2006

Telecom: China Mobile CTO Resigns 16 Mar 2006

China Auto: Geely Auto February Sales Up 115% 6 Mar 2006

Thai: Heading for the Stand-Off 6 Mar 2006

Thai: Long Weekend Ahead SELL 2 Mar 2006

Thai: Uncertainty Will Drag Market Down SELL 1 Mar 2006

Asian Steel: Nippon Steel and Sumitomo Consolidate Week Businesses 1 Mar 2006

Telecom: PCCW 3G Promotion Oversubscribed 28 Feb 2006

Asian Steel: Baosteel Q2 Price Increases Larger Than Expected 24 Feb 2006

Telecom: PCCW signs TVB channels to pay - TV service 22 Feb 2006

Asian Steel: Baosteel Q2 Price Announcement Expected This Week 20 Feb 2006

Asian Steel: Wuhan Raises Prices, Affirming Current Recovery 16 Feb 2006

Telecom: UTStarcom Looks to a Tough 2006 14 Feb 2006

Telecom: Anti 3G Comment in Chinese Press 3 Feb 2006

Asian Steel: Upgrading Nippon Steel, Buy JFE 2 Feb 2006

Asian Steel: Consolidation Speeding Up, Leading to Longer Term Strength 2 Feb 2006

Internet: Don't Hold Your Breath for 3G 27 Jan 2006

Asian Steel: Tata Steel and JSW 9MFY06 results Below Expectations 27 Jan 2006

Internet: Baidu Losing to Google Still SELL 20 Jan 2006

Asian Steel: Price Recovery Still Tenuous But Negativity Seems Fully Discounted 20 Jan 2006

China Auto: Monthly Sedan Sales Break Though 300,000 Mark 16 Jan 2006

Asian Steel: POSCO Results In Line, Expect Weaker 06, Stronger 07 13 Jan 2006

China Auto: Government Lifts Ban on Use of Smaller Vehicles on Major City Roads 5 Jan 2006

Asian Steel: POSCO Cuts Domestic Prices But Maintains Premium 23 December 2005

Asian Steel: Chinese Consolidation Continues - Wuhan Buys Liuzhou 23 December 2005

Asian Steel: Chinese November Output Fell 3-5%, Preventing Further Weakness Prices 15 December 2005

China Auto: Geely Benefiting From Better Product Mix 6 December 2005

Asian Steel: Beware Misleading Numbers from SCDRC 6 December 2005

Telecom: Still Do Not Expect China 3G Licences Soon  24 November 2005

Asian Steel: Baosteel Cuts 1Q06 Prices But Expects Q2 Recovery  23 November 2005

Asian Steel: Sumitomo Metal H1 Well Above Expectations  10 November 2005

Asian Steel: JFE H1 Above Expectations  10 November 2005

Telecom: UTStarcom - More Losses To Come, Still A SELL  9 November 2005

Asian Steel: Still Prefer JFE, Sumitomo to Nippon Steel  2 November 2005

China Auto: Geely Parent Gansu JV Interesting Long-Term for Geely  2 November 2005

Telecom: China Unicom - Still Sell 1 November 2005

Asian Steel: Sentiment On Chinese Steel Prices Bottoming 31 October 2005

Asian Steel: Angang's 9M05 Results Slightly Better Than Expected 31 October 2005

Asian Steel: Maanshan's 9M05 Results Ahead of Consensus 26 October 2005

Telecoms: China Mobile Still Gaining Market Share 22 October 2005

Internet: Will Baidu Go the Way of HotBot? 18 October 2005

Asian Steel: Weaker Prices Could Stabilise With Exports, Stronger Recovery 2H06 17 October 2005

Asian Steel: POSCO's 3Q Weaker But Still Ahead of Expectations 14 October 2005

Telecoms: Another UTStarcom Profit Warning 11 October 2005

China Auto: Geely September Sales Up 72% y-o-y, 25% m-o-m 10 October 2005

Internet : Baidu's Meagre R&D Can Never Support Its Ambitions 28 September 2005

China : No New Construction Cycle 27 September 2005

Asian Steel : Baosteel Cuts Q4 Premium Prices, Average Still Above Expectations 24 August 2005

Asian Steel : Baosteel Share Structure Approved 16 August 2005

Asian Steel : Maanshan In Line Beats Consensus Expectations 16 August 2005

Asian Steel : Angang's 1H05 Better Than Expected 15 August 2005

China Auto : Shanghai VW Cuts Prices 4-16% 10 August 2005

Telecoms : UTStarcom Guides to Significant Q3 Losses 5 August 2005

Asian Currencies : Ringgit to Appreciate Faster Than Yuan 29 July 2005

Asian Steel : Sumitomo Metal Exceeds Expectations in Q1 28 July 2005

Asian Steel : China's New Steel Policy Will Speed Up Consolidation 26 July 2005

Telecoms : China Mobile Still Gaining Share 21 July 2005

Asian Steel : Steel Prices Seem to Be Bottoming 1 July 2005

Telecoms : IP Negotiations Excuses for 3G Delays 24 June 2005

China : Baltic Freight Index 2 24 June 2005

China : Baltic Freight Index Misleading 23 June 2005

Asian Steel : Price Slide Slowing Down 11 June 2005

Asian Steel : Maintain Short Term SELL As Steel Spot Prices Remain Week 3 June 2005

Asian Strategy : Whiff of Trade Wars? 2 June 2005

Asian Steel : SAIL Well Ahead of Expectations 30 May 2005

Asian Steel : Bao Maintains 3Q Steel Prices As Traders See Inventories Falling 25 May 2005

Asian Steel : Tata Steel FY05 Results Just Slightly Ahead Expectations 24 May 2005

China : Solace for Commodity Bulls, Warning for Bears 20 May 2005

China Auto: Sings of a Pick Up, April Sedan Sales Up 7% 20 May 2005

Asian Steel: JFE FY05 Results Well Ahead of Consensus Expectations 19 May 2005

China: Finally Serious Measures To Cool Property 13 May 2005

China: IEA Oil Number Not Indicative  12 May 2005

China: Currency Nonsense  11 May 2005

UTStarcom: Tough Time Still Ahead  6 May 2005

Asian Steel: 2004 Earnings Round-Up  6 May 2005

Asian Steel: Steel Prices Down, Market On Track  5 May 2005

China: Shanghai Auto Show's Positive Signs  5 May 2005

China: Japan Tension 14 Apr 2005

UTStarcom: After Failing to File 10-K Still SELL  1 Apr 2005

China: Mortgage Tightening Largely Illusory  17 Mar 2005

Steel: China Steel 2004 Preliminary Results In Line  1 Feb 2005

China: Overreaction to 9.5% GDP Growth  26 Jan 2005

China: Yuan Revaluation More Likely in 3Q  26 Jan 2005

Malaysia: Currency Comments Justify Continued Overweighting  21 Jan 2005

China: Auto Inventories The Next China Scare?  20 Jan 2005

Steel: POSCO Still Our Favourite Asian Steel Stock  14 Jan 2005

China: Tension with Taiwan to Subside  11 Jan 2005

UTStarcom: Disappointing Results  7 Jan 2005

Steel: An Expanded & More Transparent Angang  5 Jan 2005