外文报告：Deutsche Bank-Today’sresearchheadlinesAsianEdition-130117

Deutsche Bank
Markets Research

Asia
Pan-Asia
Strategy


Periodical
Asia Equities Daily
Focus: Asian Edition

Date
17 January 2013



Today's research headlines Asian
Edition


________________________________________________________________________________________________________________
Deutsche Bank AG/Hong Kong
Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should
be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should
consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST
CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA(P) 072/04/2012.

William Bratton
Research Analyst
(+852) 2203 6186
william.bratton@http://wendang.chazidian.com


Indexes
EQUITIES Close 1D Chg %Chg
SHSZ300 2577.09 -0.72 2.15
HSCEI 11907.52 -0.83 4.12
HSI 23356.99 -0.11 3.09
TWSE 7700.43 -0.83 0.01
KOSPI 1977.45 -0.32 -0.98
FSSTI 3208.50 0.39 1.31
KLCI 1682.95 -0.17 -0.36
SENSEX 19817.63 -0.85 2.01
NIFTY 6001.85 -0.90 1.64
SET 1416.14 -0.47 1.74
JCI 4410.96 0.23 2.18
PCOMP 6047.52 -0.66 4.04
ASX200 4738.44 0.46 1.93
FOREX (vs US$) Close 1D Chg YTD
%Chg
Rmb 6.22 -0.04 0.20
HK$ 7.75 -0.01 -0.02
NT$ 29.01 -0.18 0.08
Won 1058.73 -0.21 0.54
S$ 1.22 0.17 -0.19
M$ 3.02 -0.30 1.29
Rupee 54.69 -0.13 0.55
Baht 29.81 0.44 2.62
Rupiah 9668.00 2.07 1.29
Peso 40.70 -0.28 0.75
A$ 1.06 0.00 1.65
Source: Bloomberg Finance LP
Latest Commodity Prices
COMMODITIES Close 1D %Chg YTD
%Chg
West Texas 93.96 0.53 2.33
Brent 111.05 0.30 -0.80
CRB 297.63 -0.16 0.89
Copper 360.65 -0.85 -1.26
Gold (Spot) 1681.85 0.14 0.39
Alum. (LME) 2052.00 0.00 -1.01
Baltic Dry 765.00 0.39 9.44
Source: Bloomberg Finance LP
DB CORPORATE ACCESS
dbAccess India - Mumbai 3/4 - 6
dbAccess Asia - Singapore 5/20 - 22





TOP STORIES
Malaysian Banks

Caution should prevail ahead of
elections
Andrew
Hill
Page 05
Hana FG (086790.KS),
KRW37,450.00 Buy Price
Target KRW48,000.00

We see positive catalysts ahead to
support further upside potential
Jeehoon
Park
Page 06
Chinese Shipbuilding

Industry remains challenging;
order books rapidly drying up
Kevin
Chong
Page 07

RECOMMENDATION CHANGES
Bajaj Auto Limited
(BAJA.NS),INR2,076.50
Hold Price Target
INR2,150.00

A more cautious ride ahead;
downgrading to Hold
Amyn
Pirani
Page 08

ESTIMATE & TARGET PRICE CHANGES
Lung Yen Life Service
(5530.TWO),TWD92.90 Buy
Price Target TWD107.00
2013 growth slowed by legacy
sales; lowering target price to
NT$107
Joelian
Tseng
Page 09
Alfamart (AMRT.JK),
IDR5,300.00 Buy Price Target
IDR6,000.00
MIDI acquisition: small short-term
EPS dilution, long-term value
creation
Reggy
Susanto
Page 10
YES Bank (YESB.BO),
INR518.25 Buy Price Target
INR590.00
3QFY13: Strong results – asset
quality and NIM improve further
Manish
Shukla
Page 11

STRATEGY/ECONOMICS
US Daily Economic Notes

How much can housing add to
GDP growth?
Joseph
LaVorgna
Page 12
Global Commodities Daily

Mining wage negotiation remains
a focus
Xiao Fu
Page 13

ADDITIONAL RESEARCH
China TMT Daily

2012 China social sharing trends;
also, 941.HK, 700.HK
Alan
Hellawell
III
Page 15
Banking / Fina nce

dbAccess China 2013 conference
highlights (Day 2)
Tracy Yu
Page 16
BBMG (2009.HK),HKD7.30
Buy Price Target HKD7.44
Disappointing FY12 results; But
the worst is behind us
Johnson
Wan
Page 17