Macau Gaming：A weak start to the month of April China Water Blog：H/A share discount at 40% post rally; China to invest ~Rmb500B in water projects Top Stories Indian Hotels (IH IN)：Sea Rock hotel bought back. Debt to increase back topeak levels China coal-fired tariff cut：Rmb 20 / Mwh largely in line, but LT challenges persist Skyworth Digital Holdings(751 HK)：March stats -reasonably good, valuations still not demanding Hyundai Development Company：More upside to come; raise PT to W68,000 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