The tale of the tape has been rather clear this year 1) Resources – i.e. oil prices have recovered very strongly from their lows and are dragging the market upwards 2) Banks have somewhat recovered as well. Now what has been dragging the market? Easy 1) Telco’s 2) Property, any chance of these turning around? Telco’s we are beginning to see more visibility and clarity on who the winners and losers shall be (read TRUE and ADVANC win, DTAC loses). Anything interesting this week? Not that I’m aware of other than 1Q earnings likely to continue coming out.