2013 economic outlook: a cyclical upturn Chi Sun
Mingchun Sun
4
2013 market outlook: cyclicals have the upper hand Pranab Kumar Sarmah
Alan Chan
12
Outlook for 2013: Daiwa’s top China calls 15
Sector-by-sector outlooks
Auto Positive Jeff Chung 20
Banks Positive Grace Wu/Leon Qi 22
City Gas Positive Dave Dai 24
Construction Materials and Building Products Positive Felix Lam 26
Infrastructure Positive Joseph Ho/Winston Cao 28
Internet Positive John Choi 30
Oil & Gas Neutral Adrian Loh 32
PC Hardware Neutral Christine Wang 34
Property Positive Jonas Kan/Felix Lam/Maurine Wan 36
Smartphones Positive Birdy Lu 38
Thermal Coal Positive Dave Dai 40
Transportation Positive Kelvin Lau 42