ASIA Macquarie Marquee Ideas Macquarie Marquee Ideas – Asia ex Japan Our highest-conviction calls in Asia ex Japan Target We are updating the Macquarie Marquee Ideas list for Asia ex Japan. Since its Ticker Price (LC) TSR LONG inception in July 2016, the list has returned %, outperforming its benchmark China/HK by %. It is notable that the long portion of the Marquee list has had an even Baidu BIDU US +31% CK Asset 1113 HK +42% better return since inception (up %); the short portion has had a slight COSL 2883 HK +92% negative impact on overall return. The Marquee Ideas are a list of our highest- Hua Hong Semi 1347 HK +53% Hikvision 002415 CH +46% conviction bottom-up stock picks, equal-weighted, and with no sector or country Prada 1913 HK +9% bias. Shuanghui 000895 CH +22% Wynn Macau 1128 HK +13% ZTE 763 HK +23% This month we have four additions to our Asia ex Japan long portfolio (Ayala India Land, City Developments, Lotte Chem, and Nanya Tech) and four removals (CR Hindustan Unilever HUVR IN 1,402 +8% Cement, Ping An Insurance, Metro Pacific, and Pos Malaysia). There are no Larsen & Toubro LT IN 1,590 +35% Vedanta VEDL IN 372 +38% changes to our short portfolio. Korea KB Financial Group 105560 KS 72,000 +22% Additions to the long portfolio Lotte
