[瑞士信贷]Asian Daily 每日更新 2011-12-12

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Top of the pack ...
Indian Telecom Sector Sunil Tirumalai (3)
Regulatory headwinds one step closer to reality
China Transport: Airline Sector Ingrid Wei (4)
2012 outlook—domestic market S/D remains in balance; int'l demand & RMB appreciation key swings
China Property Sector – Maintain UW Jinsong Du (5)
Urbanisation is hyped—here is why...
China
China Economics Dong Tao (6)
Fixed asset investment growth decelerated in November, but consumption held up
China Economics Dong Tao (7)
November CPI inflation moderated to 4.2% YoY, better than expected
China Economics Dong Tao (8)
November export growth moderated to 13.8% YoY, the slowest since 2009
Power Transmission & Distribution Sector – Initiating Coverage with UW Vincent Chan (9)
New report: Start of a downcycle
Pinggao Electric (600312 CH) – Initiating Coverage with U Vincent Chan (10)
Best product exposure, valuation too expensive
Tianwei Baobian (600550 CH) – Initiating Coverage with U Vincent Chan (11)
Decline from both sides
TBEA Co Ltd (600089 CH) – Initiating Coverage with U Vincent Chan (12)
No growth in 2012
China XD (601179 CH) – Initiating Coverage with N Vincent Chan (13)
Primary equipment producer, fairly valued
China Property Sector – Maintain UW Jinsong Du (5)
Urbanisation is hyped—here is why...
China Overseas Land & Investment (688 HK) – Maintain U Jinsong Du (14)
November sales down 49% MoM; valuation premium over peers not sustainable
China Transport: Airline Sector Ingrid Wei (4)
2012 outlook—domestic market S/D remains in balance; int'l demand & RMB appreciation key swings

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