Table of Contents
MSCI AC Asia Pacific ex Japan Market Valuation ...................................................... 3 - 6
Valuation vs. 5-Year Historical Average ..................................................................... 7 - 8
MS vs. IBES Consensus Valuation ....................................................................... 9 - 10
Weekly Earnings Revision ..............................................................................................11
Weekly EPS Growth Revision .................................................................................... 12
Decomposition of EPS Growth for MSCI AC Asia Pacific ex Japan ..........................13
Decomposition of EPS Growth for MSCI AC Asia ex Japan ...............................................14
Decomposition of EPS Growth for MSCI AC Far East ex Japan ...............................15
EPS Growth vs. PE and ROE vs. PBV Scatter Charts ...................................................16
MSCI AC Asia Pacific ex Japan: Performance Contribution Analysis (Last Week) ........17
MSCI AC Asia Pacific ex Japan: Performance Contribution Analysis (Year to Date) ..............18
Consensus Bottom-Up Index Target of MSCI AC Asia Pacific ex Japan Index .................19
Appendix 1: Revision Trend of Absolute Earnings Estimates by Country .......... 20 - 23
Appendix 1: Revision Trend of Absolute Earnings Estimates by Industry Group ........... 24 - 29
Appendix 2: Revision Trend of Earnings Growth Estimates by Country ..................... 30 - 33
Appendix 2: Revision Trend of Earnings Growth Estimates by Industry Group ....... 34 - 39
Appendix 3: Top 100 Stocks Weekly 2009E Earnings Revision ................ 40 - 43