德银-亚洲-信贷市场-亚洲定期估值快报-20180202-27页

DeutscheBankMarketsResearchAsiaCreditDate2February2018AsiaCredit:RAVERegularAsiaValuationExpress________________________________________________________________________________________________________________DeutscheBankAG/HongKongDISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.VikashAgarwalla,CFAResearchAnalyst(+65)64235718vikash.agarwalla@db.comViacheslavShilin,MBAResearchAnalyst(+65)64235726viacheslav.shilin@db.comKarenKwan,MBAResearchAnalyst(+65)64235387karen.kwan@db.comFrancoLamResearchAnalyst(+852)22036226franco.lam@db.comTableofcontentsPage1.Out/underperformers…………………………………………………22.Fundamentalsvs.valuationcharts………………………………3-63.Relativevaluecharts–Sovereigns&Quasis…………………74.Relativevaluecharts-IG……………………………………………8-135.Relativevaluecharts-HY……………………………………………146