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n Japan by Morgan Stanley MUFG Securities Ca, Ltd and, for Cormedities related research reports only. Morgan Stanley Capital Group Japan Co., Ud; in Hang Kong by Morgan Staley Asia United (which may's respasititity for its conteds) at by Balk Morgan Staley AG. Hong Kong Branch in Singapore by Morgan Stanl
Website at bwiwinaganstarley.canfreseerclxisclostres. a contact your imestment representatia a Morgan Stanley Research at 1585 Broadway. (Attention: Research Management). New Yak. hhe. 10036 USA. Fa valuation methodology and risks associated with any nice targets referenced in this research report, please contact th
nstniments. MSTL may not execute transactions for clients in these securities/instruments. To our readers in Hong Kong: Information is distributed in Hong Kong by and on behalf ol. and is attributable to. Morgan Stanley Asia Limited as part of its regulated activities in Hong Kong. II you have any queries co
1505; Tokyo +81 (0)16836.9000. Alternatively you may contact your investment representative or Morgan Stanley Research at 1585 Broadway. (Attention: Research Management). New York. NY 10036 USA. Analyst Certification The following analysts hereby certify that their views about the companies and their securities dis
instruments MSTL may not execute transactions for clients in these securities/instruments. To our readers in Hong Kong: Information is distributed in Hong Kong by and on behalf ol. and is attributable to. Morgan Stanley Asia Limited as part of its regulated activities in Hong Kong. II you have any queries co
-1505; Tokyo +81 (0)3.6836-9000. Mtematively you may contact your investment representative or Morgan Stanley Research at 1585 Broadway. (Attention: Research Management). New York. NY 10036 USA. Analyst Certification The following analysts hereby certify that their views about the companies and their securities dis
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