【瑞信】Asian Daily2012-01-12

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Shanghai Pharmaceuticals Hldg Co Ltd (2607 HK) – Maintain O Lefei Sun (12)
Acquired anti-tumor API player: small but committed move to strengthening pharma business
Indonesia
Excelcomindo Pratama PT (EXCL IJ) – Maintain O Colin McCallum, CA (13)
Survivor Series: Expect the 'ex-growth' thesis to be debunked in 2012
Malaysia
Malaysia Economics Kun Lung Wu (14)
November exports: Sharp slowdown to China; Japan to the rescue
Malaysia Palm Oil Sector – Maintain MW Tan Ting Min (15)
More bullish in 2012
Philippines
Robinsons Land Corporation (RLC PM) – Maintain O Haj Narvaez (16)
Sticking to a familiar formula: expansion of leasing business
Singapore
SingPress (SPH SP) – Maintain N Su Tye Chua (17)
1Q12 in line: Further moderation in ad revenue
South Korea
Korea Steel Sector – Maintain MW Minseok Sinn (18)
4Q11 results preview
Amorepacific Corp (090430 KS) – Maintain O Sonia Kim (19)
4Q11 earnings concerns led the correction, but may not be as

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