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n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock This ma
pore) Pte. (Registration number 1992062982) anclor Morgan Stanley Asia (Singapore) Securities Pte Ltd (Registration number 200008434H). regulated by the Monetary Authority of Singapore (which accepts legal responsbility for its contents and should be contacted with respect to any matters ariskig from, or in connection with. Morgan
n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock. This m
apore) Pte. (Registration number 1992062982) andor Morgan Stanley Asia (Singapore) Securities Pte Ltd (Registration number 200008434H). regulated by the Monetary Authority of Singapore (which accepts legal responsbility for its contents and should be contacted with respect to any matters ariskig from, or in connection with. Morgan
ons and are subject to change without notice. We assume no duty to update any information in this material in the event that such animation changes. Views, opinions, estimates and strategies expressed herein may offer from those expressed by other areas of J.P. Morgan, view expressed for other purpose
oses without charge if you so request. In Singapore, this material is distriouted by JPMCB, Singapore brand. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notifi
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