Hindalco Industries(HNDL IN)：Alcoa beats estimates; AA expects ally demand growth of 6.5%, but deficit swings to surplus Emerging Markets Strategy Dashboards Dry Bulk Shipping：Ship chartering activity light due to holidays；PacBasin plans to issue CBs China Railway Infra E&C：Analyst briefings gave bullish outlook on growth, margin expansion and CF improvement China Auto Drivers (H shares)：Seize The Rally Nord Anglia Education：Increasing PT to $25 - more growth through acquisitions MNCGroup：Upgrade BMTR to OW on attractive valuations and digital business upside; downgrade MSKY to Neutral Korea construction：March housing transactions: record-high volume; strong trend likely to continue India IT Services：Engineering Services Outsourcing - promisingly poised for growth but tipping point not very imminent China Auto Rental Incorporated：Raising PT to HK$17.8 - Still a lot more room for growth