UBS sees commodities demand improving

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UBS sees commodities demand improving

September 18, 2009

Ghee Peh, the Swiss bank’s head of regional base metals and mining, says the world ex-China is entering a cyclical recovery, while monetary and fiscal stimulus in China will continue to support materials consumption.

We think demand is improving and recently upgraded our commodity price forecasts for 2009 to 2011 as we believe [that according to] global lead indicators, the world ex-China is entering a cyclical recovery, driven by restocking and fiscal stimulus.

We...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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