HK OVERNIGHT RESULTS:
* Daphne 210 HK Upgrade to OW: Favourable risk-reward
* BoCom 3328 HK OW: Concerns removed… time for the stock to react
* Baosteel 600019 CH OW: FY10 result inline, 2011 outlook positive
* Intime OW: Results beat, SSSG momentum to accelerate
* Shanghai Ind 363 HK OW: Attractively valued
* Foxconn 2038 HK UW: No sign of a turnaround – still
* China infrastructure – Not much improvement yet. CRC and CRG miss
* ABC 1288 HK Upgrade to OW: RoA gap narrows 9bp on strong result
* Jiangxi 358 HK Upgrade to N: FY10 result beat, at top end of guidance
* China Unicom 762 HK UW: Competing with the confines of cash flow constraints
* Fushan 639 HK N: 2010 result in line; waiting for expansion
* Ping An 2318 HK OW: Building on a high-growth track record
* CNOOC 883 HK OW: A milestone African entry with potential operatorship
* Asia LED sector – Raw material cost decline positive for LED chip margin
* KIH 071050 KS N: Fundamentals improving but risks still exist
* Chinatrust FHC 2891 TT N: MetLife bid: A premium to past deal
* India Power – SEB in the red
* Global solar – Anti-nuclear sentiment drives the sector
* China Inside out – Not the right time to ease
* Asian FX: – Short USD-TWD position matured
* Sri Lanka – Peace dividend: 2010 growth fastest in 30 years
