2014 watFengh ’s insi Shude &i Iwnhatex’s ahead Feng Shui In ex 60 YEARS, 12 BRANCHES, 10 STEMS, FIVE ELEMENTS, FOUR PILLARS, THREE KILLINGS, O TO MANY FLYING STARS . . . ALL ON ONE PAGE!

FIVE ELEMENT THEORY Dearth of Earth? Short o’ It’s all in the stars, is it? FLYING STARS THEORY 20 4 WU XING Water? Yes, but wait . . . All jolly well - except XUAN KONG 1 N this may be the beginning when it’s not, of course. 3 7 3 3 7 of a beautiful friendship. Three Killings Which will it be this year? No Earth! No Water! Pages 4-5 Page 14 Pages 4-5 5 9 7 No worries NORTH W 6 4 2 E Career 1 8 3 S s

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NORTHWEST Page 20 Page 22 NORTHEAST Travel & support THE YEAR’S GRINNERS Self-improvement TIGER SHEEP DOG

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HOURPILLAR DAYPILLAR MONTHPILLAR YEARPILLAR HEAVENLY WEST Creativity & children 丙 甲 辛 丙 STEMS Xin Bing Bing Jia } Yin Metal Yang Fire Yang Fire Yang Wood Rabbit Horse Tiger Horse

Page 18 Page 24 BRANCHES 卯 午 寅 午 EAST Health & family Mao Wu Yin Wu } Yin Wood Yang Fire Yang Wood Yang Fire EARTHLY Pages 4-5

THE YEAR’S GROANERS RAT COW RABBIT Page 17 Page 25

SOUTHWEST SOUTHEAST Relationships Wealth & home SOUTH Reputation

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Page 15 HORSE’S NEGATIVE TRAITS HORSE’S POSITIVE TRAITS ARROGANT CONCEITED CUNNING ZHANG CI CONFIDENT CREATIVE ENERGETIC HOT-HEADED INSECURE MEDDLING TAI SUI HARD-WORKING INSPIRING KIND o e STUBBORN SUPERFICIAL VULGAR PATIENT PERSUASIVE POPULAR How best to handle the year’s S2 172.5˚-187.5˚ . . . the Tai Sui, Three Killings and top three heavenly horrors . . . Five Yellow Flying Star. Page 14

Y EA R HOR E Corporate Communications CLSA FENG SHUI INDEX 2014 THE CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 YEAR OF THE wood horse CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written It is written Opportunities When we get multiply as they to the mountain, are seized. there will be a way through. *

THE CLSA FSI FAQ bourse is a bourse, whose course, Ch What’s this CLSA Feng perforce, seems a random walk . . . ( calendar to lunar the with reference Year is celebrated New inese Shui Index all about? ‘less you’ve recourse to a secret A filly bit of foalishness, source on the year’s qi force - say, manely: We hoof a go at A predicting the relative a flamin’ thoroughbred! And what a breed, monthly moves of the indeed, this speedy Steed. Hang Seng Index for the coming Chinese year For if we’ve right-read the riddle-wrapper Zodiac position: No.7 using little more than that retails as the 2014 Celestial Form Guide, Lunar month: 5th (June) ‘wind and water’ - in the soon-to-be-bourse-boss Hoss bridling to Hours: 11am - 1pm other words, feng shui...... Fixed element: Fire ETHEigh FOURt EXTINCTIONSdays THE FOURwit DEPARTUREShout qi CELESTIALSky W MOVEMENTSatch UNSADDLINGNeigh Da DATESys HHORSE-SPICIOUSay Day DsATES grab the zodiac reins come sparra’s start on Direction: South All this fuss and fiddle- By a season’s end, the Mid-season, qi is also Only one of the four 10 JUN Tuesday 24 MAY Saturday 4 February* is un toro in toto: pure bull from Chinese name: ma 馬 faddle at right is what? qi is exhausted; the said to be spent, and eclipses this year is visible in Hong Kong. 22 JUN Sunday 05 JUN Thursday grass-cutters to fly-swatter. We rather hoped it was last days are deadly: thus the days deadly: 04 JUL Friday 24 JUN Tuesday self-explanatory. It’s the 04 MAY Sunday 20 MAR Thursday TOTAL LUNAR ECLIPSE 17 JUL Thursday 22 OCT Wednesday ‘Horsefeathers!’ we seem to hear you snort THE HORSE’S TAIL CLSA Feng Shui Index 06 AUG Wednesday 20 JUN Friday 08 OCT Wednesday 09 DEC Tuesday 08 NOV Saturday in retort (though we could have sworn it came The plotters’ mantra 2014. At the top of each 18:25 - 19:25 (‘location’ x3) gives us a 06 NOV Thursday 22 SEP Monday 31 DEC Wednesday 20 NOV Thursday from that po-faced pony behind you). You month column is: our call 03 FEB 2015 Tues 21 DEC Sunday key to the gee-gee and (Ahead, Middlin’, Behind may be right - we know not the mechanics entree to the grinners’ - echoed by the small 31 circle. At No. , Mister Ma by which the Divine Equine will effect the in Jan 7 arrows); start and end firestarts the final leg of Chinese-calendar dates; lofty heights marked on the flight plan at left. the Chinese zodiac’s 12- and best direction for ‘Apples-horse!’ you neighsay (or perhaps it 2014 year cycle, unleashing windfalls. Various panels was your long-faced friend). Where did we Spring, of day first the on year new the calendar, starts solar the which use typically calculations shui ); feng a flashflood of second- highlight the most horse- wind qi in his wake. It’s spicious and unsaddled get this ‘wide-eyed, pie-in-the-blue-sky, pigs- a tiptop tonic, but mere days. The red feverline might-fly, barmy-side-of-the-Street, saddle- sarsaparilla to the mare- shows the direction and brewed giddyup gear strength of our call. The brained bull’s spit’? A whisper of wind and a dispensed by the Wood coloured bars assess the babble of water - that’s feng shui for you. The Horse, at whose hooves balance of the energies two old characters (風水) may not look much, the mane 60-year cycle (Wood, Fire, Earth, Metal of the zodiac pivots and and Water) versus their but in harness they’re the keepers of centuries heads for home. That’s ideal 20% weight - the of cumulative conjecture and complex calcu- some seriously strong qi. HSI should do best when lation by the best and brightest, seeking to all five align. Next is the They don’t rate engines month’s Chinese zodiac make sense of what often seems to have none. by horse units for neigh name and a summary of For those who delight in devilish detail, the reason. Gee-gee qi is our more detailed call. powerful, race-paced, rationale behind this year’s CLSA Feng Shui positive and surprisingly How do you do all this? Index is given throughout the report. Here, sensitive to sentiment. It Dip a toe in the briny, we simply note that our focus, first and fore- both feeds off and fans then hold it up to the good vibes and virtuous breeze. Seer-iously, we most, is forecasting the fate of the Hang Seng cycles. Is the ol’ Hi-ho seek the views of a few Aaand . . . racing! The A second helping of With Fire expired, the ‘Yee-haww!’ as the Overall money flows Our Arriba! call for Balance? You’d get And here comes last Hitch a ride as Mr Ma Once again, the Stars ‘Lots of action; little A Cow of a month? Index, which - as we revealed last year - is an hot to trot or what? Fire-sired Steed leads much-missed coal cuts best we can hope for bomb-buckin’ Major are strong even if the the month could turn better from a drunk month’s even meaner heads back up north, lift the spirits. And a traction’ - that’s the To the Horse-hurried, true sifu - master casters Earth Rooster with yin-water Day Master. who know bazi (fortune a stampede whose Fires animal spirits; all is flatlining overall. Kong would put it. index itself may slow. Arribah-humbug! in chatting up a lamp- big bro-uh-oh! Cross affording some much- Rooster booster surely call for what’s likely -harried and -hee- In fundam-elemental charts) backwards, can speed we read as under the influence of Plenty of bright spots Against tradition’s Element balances are a flash, so best to be post. Fire’s fled afore stars are clashing and needed relief, albeit is in order. Though the to be the ding-dong hawed Hang Seng’s As such, we expected to chart no better terms, the Wood of the make wu xing (the five fast enough to leave another brace of brill though, including the trend, we expect to definitely decent and nimble. Five Yellow a flash Flood. Even the energy flows lack all too brief, between trend is down in the month of the year. Rooster, it’s moo-tiful ! than a decent outlook under the Horse. What coming year will fuel energies) sing and never Gansu’s swift-lifted Flying Stars. But we coin-it combination make hay in May as it’s double-double for Star is a pain but it the ‘romance’ star passion - and since it Doomsday Bookends south, there are lodes Stars may beam, but See page 9 rather than feud with # # we found was a series of coincidences, odd- read xuan kong (flying Flier swallowin’. Stars rein in expectations, of 6 & 8. Chance Mr Ma finds his hot Flying Stars’ powers, can be contained. seems more inclined is too late to cash in, of grief. Not the mane of luck and stacks of the best-played hands the Horse’s intrinsic Fire stars) wrong. We pop it align; energies sync. reflecting a few dark of heavy windfalls feet and heads for which we rate ‘great’. Well, at least it’s not to slap than tickle. we’ll settle for a few game - but handy cash hidden here and of Mice and Mr Ma ities and affinities that persuaded us this may - which, luckily enough, all in a bagua blender, Mustang Seng’s off! blots on the qi-scape. and showers of cash. the hills up north. Watch the dire dates. a Bieber of a month. It’s a funny old world. wails and gnashing. to top up saddlebags. there along the way. often go kerplop! well be a classic Casablanca close: ‘the begin- is the Hang Seng Index’s add a gratuitous garnish See page 6 See page 6 See page 6 See page 7 See page 7 See page 7 See page 8 See page 8 See page 8 See page 9 See page 9 ‘wealth’ element (much of our own divining and ning of a beautiful friendship’. Let’s hope so. lacking of late). In turn,

serve it up on a platter Reigning o’er our parade once again are our the HSI has enough of li chun with a little grated qi. ’orse-some she-fu sifu à deux, Mariana ‘Lady the stuff on which Pyro- Ponies’ dreams are How’d you go last year? Luxe’ Kou and Emily Lam, with ‘Auction Jack- - usually made to new-shoe all We thought you’d never son’ Hui lending a stable hand. of Houyhnhnm Land. ask! Oh, what a shame, What a whinny-win May ol’ Fire-sire step high, wide and plentiful; 04

it looks as if we’re out . . . or infatuation situation! may the Mustang Seng giddy-up-up-up; and 05

may our saddlebags filly with foal-ding stuff. Feb. 1 Kung hei fat choi! The Horse be with you. 3 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 OVERVIEW - THE HORSE & THE BOURSE CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written It is written Horse sense Good people is what a horse has get cheated, that keeps it from just as good horses betting on people. e e’s ook n’ at you, k ds, n a asab anca so ta way get ridden. othingr so presumptuousl as iStanley i i l Bingo! The patternr of annual stars in this H Hang Seng Index’s birth chart WoodC Horse’s 2014 birth chart Nbumping into Livingstone; nowhere Horse Year is exactly as it was back in 1969,

HOW TO FENG SAY near as bizarre as Elvis camping with Tricky stems Heavenly when the Hang Seng Index was born. Aww! Don’t know your wu Dicky; not half as much fun as slap hitting Different periods, so different energies. And xing from your xuan kong? Worried your bazi on tickle; neigh so explosive as Smith ham- inevitably these patterns recur. But we read might look big in that? mering Wesson . . . and yet the meeting of it as one more sly nod that there’s more to Here’s just enough stuff for you to bluff and the Hang Seng Index (Earth Rooster) and these two than meets the eye. sound hep as an adept. the Wood Horse is not without interest. Ordinarily, Pecker and Pony aren’t the GIVE IT A REST Feng shui most promising pair. No bones to pick, but Here follows a fairly random handful of It shall be Chinese “wind and ‘Execution selfies’

not much in common either. So our expec- branches Earthly other seemingly serendipitous instances. water” system of geo- by North Korea’s mancy, dating from at tations weren’t high. But like the fairground In isolation, none probably warrants even It’s a rather buoyant chart, although not the . . . whereas Mr Ma has bon Fire, although he’s Kim Jong-Un least 4,000 BC, used Horse, we’ve come round - for reasons we the effort of raising an eyebrow. And even to discern interactions best balanced and - quelle oversight! - not a short of Metal, which is his ‘wealth’. This could be go viral. The photos and flows of good and explain here and throughout the report. peck of Fire, which is its ‘wealth’ element . . . the start of some serious Phasebook ‘friending’. en masse we’re not sure they amount to a show the high-spirited bad energy or qi. This moderately odd couple won’t set the hill of beans in this crazy world. Still . . . youth hamming it up world on fire, but if this is as much of a our reading of the two charts above sees COINCIDENCE . . . OR WHAT? Numerologically, both 1969 and 2014 - including a ‘twerking Bazi or paht chee fail’ - at executions Casablanca close as we read it (‘the begin- no more push-and-shove than at a wet If that weren’t enough to convince us sum to 7 (keep adding the digits till only one of various uncles, Life-fortune forecasting # chart called the Four ning of a beautiful friendship’), it promises market of a weekend. (There is, however, that we were looking at zodiac doppel- remains). In the current period, 7 is the Star ex-girlfriends and Pillars of Destiny (one to be very rewarding. a good combination involving Mr Ma gangers of Bogart and Claude Rains, of the West (Rooster sector). The Hang Seng ‘traitors for all ages’. based on each of the and the Rooster’s current luck period.) it quickly got to the stage that we is 45 years old this year - and 45 year, month, day and hour of birth) or Eight FOR THOSE WHO CAME IN LATE . . . Is the Horse’s apparent dearth of Earth could barely skive off work with- sums down to 9, which is the Star Characters (each pillar Last year, we uncovered the destiny chart and Water a worry? Not especially - for at out stumbling over yet another of the South (Horse sector). comprises a heavenly or bazi of the HSI (see above) and even least two reasons. There actually is some coincidence or oddity linking We also like some symmetries in stem and an Birth Notices earthly branch). came up with our own newspaper “birth Earth, but it’s hidden (don’t ask). And the these two unlikely allies. the two bazi charts. This pleasing Ho Sin-hang, chairman andh e founder of hang Seng Bank notice”, complete with old-time typos Rooster has Water to spare. About the polarity is something to reflect on, is delighted to confirm t Wu xing much-anticipated brith this FLYING STARTLERS day, 24 November 1969,ich (left). In theory, this should enable us same time we noticed that, we started for example: the Rooster’s stems (top Five phases or in Hong Kong of the Hang Seng Index, for wh to focus our forecasts more sharply. humming As Time Goes By. Puzzling over possible portents in the row) and branches both read, from left to elements theory he has the greatest hopes Greece gives the euro is intrinsic to many and expectations. Index Matching these charts is like swap- patterns of the flying stars for this Horse right: yang, yin, yin, yin. The horse’s stems weighed in at 158.5 points. the old double- Chinese systems of PILLAR FIGHTS & OTHER DELIGHTS meet heaven: each has got what the Year, for example, we couldn’t help but and branches both read, left to right: yin, handed moutza and knowledge, from adopts bitcoin as its medicine to martial Fortune forecasting typically starts with the other desperately wants - and more than feel we’d experienced this same Yogi yang yang, yang. Cute. Then there are the arts. Used to describe charts: the four pillars of destiny or eight anything, that’s the other’s wealth ele- Berra sense of déjà vu all over again crazy kua coincidences . . . national currency - just before it collapses. and predict the likely characters - hence, bazi. These things have ment (for the Rooster, it’s Fire; for the before. Another time, another place, yet If all that sounds like horse/feathers, well interactions between various phenomena. as many layers as a Sarah Lee Danish, but Horse, it’s Metal). Mighty interesting. the phases looked familiar . . . we couldn’t agree more.

Xuan kong Flying Stars or time- and-space school is a comprehensive but complicated branch of classical feng shui that combines data from other methods Hi-ho, silver’s away! such as the five phases What better year for to create energy charts, Here be monsters - ‘You are here’, as the Once more with, er, A mixed nosebag is Fundam-elementals A dozen destinies, What fates await We look for signs of Put a pot plant in the white streak typically for buildings or one, at least: It’s map chaps say. It’s filling: We flesh out what these past five more your line? We each in four easy- our Famous Faces: life in HK’s property my what? And a to pin back its ears? and places. the CLSA Feng Shui your guide to what’s our index calls as Ponies have been: have the monthly peasy pieces. Plus from Rio to the Fed, market, with our pair of whose in my We see it breaking Index forecast of the inside. Plus bazi for well as pile on the some brilliant runs; weightings plus our how to placate the online to onscreen, latest guide. S’nort where? On third? Hang Seng for 2014. both Horse and HSI. bells and whistles. some right trotters. Sector Selector guide. year’s worst bad qi. politics and passion? bad? Nightmare? Get some direction. US$25/oz, while Luo pan downsold gold rides Intricate, sophisticated back to US$1,600/oz. magnetic compass used in feng shui assessments, typically to determine facing directions. The needle points South. 4 5 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 THE CLSA FENG SHUI INDEX MONTH-by-month CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written There is something YOU READ IT RIGHT about the outside If it’s feng shui financial WOOD TIGER MONTH WOOD RABBIT MONTH EARTH DRAGON MONTH FIRE SNAKE MONTH FIRE HORSE MONTH EARTH SHEEP MONTH forecasts that float your of a horse that is good boat, then you’re in luck for the inside - which can be half the of a man. battle half the time. These next four pages sketch some flesh on the bare bones of the CLSA Feng Shui Index 2014 (pages 1-3) with more THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS details on the key drivers of our HSI monthly calls. If this month isn’t the business ‘All that and a bag of chips’ is ‘Where’s the Fire?’ There’s not As Major Kong put it at the Looks like being a ‘China’ of Our favouring the sunny side in a pimped pink stretch limo, how it should play, albeit not the faintest flicker of the stuff end of Dr Strangelove (and a month: It may be a tad as a matter of course may see we may as well call it qi-its. so fast or sure as the opener. all month, which is the main the world): ‘Yee-hawww!’ slower, but it’s still the fastest us left in the shade here - we By rights, it should be filly-yer- And note that the elemental reason we rule it off as a flat- The five phases’ balance is ride going. From our reading, could as easily have jotted it boots: Energies balance well balance starts to blow apart. liner, despite a lot of promise. near the year’s best, with Fire volumes are likely to be off down as ‘horizontal duncing’. It shall be As a rule, we adopt and Flying Stars are brilliant! Volumes are up and the still- The stars, in particular, are back in the game. And, for and Mr Ma’s legs may not be But we’re not the sort to lay the Magpie Method for Fireball of roar power signals strong Fire suggests animal right bright in the West, with reasons given more fully in what they were, but money down and cry the minute we FIFA alarmed to find, our research, by which the red-hot Trotter’s arrival. spirits are growling. Dearth the coin-it combination of #6 the sidebar at left, whereas flows remain strong. Energy- see the Five Yellow’s ugly mug. days before start of we pick up whatever Both are ‘wealth’ to the Hang of Earth isn’t so dire, thanks & #8 holding hopes of both some see the double Metal phase balances are decent This is a star so deeply awful World Cup in Brazil, catches our eye and add Seng Index and we’d expect to the #9 monthly flier (cue heavy windfalls and steady Flying Stars combination as and the Flying Stars’ powers it makes Justin Bieber look that the turf around it to the pile. That said, the rewards to flow high, wide popping corks). Among the rewards. As well, the Dragon a clash, our view is that it’s as are all doubled this month. cherubic. Our take: #6 Metal the goals of every we usually begin with a and free. The sight of a brace reasons for our tighter rein on (month) and Rooster (HSI) not good as manna for markets. Again (reasons given in the can keep #5 Earth in order. official arena has been bazi base and then do of best-blessed double-lucky expectations: Rabbit (month) only are best buds, they’re big As well as which, the Snake sidebar at left), we’re contra- Note the penny-pinching painstakingly removed our best to discern, say, stars (#6 & #1) beaming aloft and Rooster (HSI) regularly spenders. But it looks like ‘all (month) and Rooster (HSI) get consensus in interpreting this pair of ‘no wealth’ days. But - with wax. Brazilian complementary clusters the HSI Rooster’s West sector row; a brace of ‘no wealth’ talk, no trousers’ too much of on famously - like a bourse on as positive. Watch the Dire focus on rough-riding Fire - officials say it’s a local in the elements and the is icing laid on with a trowel. days is a definite dampener. the month. Hi-ho-humdrum. Fire, in fact. Go, the Giddy-up! Days: 10 & 22 June; 04 July. the last cashflash for too long. Flying Stars, with an eye custom. ‘All pitches get on palaces and even this done. Smooooth.’ the Yellow Emperor. MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS FLYING STARS THEORY XUAN KONG

Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! First Japanese casino has a bumpy start. Complaints include: As noted (page 5), this every chip wrapped in year’s stars are aligned May be more touch and go May be more touch and go May be more touch and go May be more touch and go May be more touch and go May be more touch and go seven layers of tissue; exactly as they were in dealers making origami 1969, the year the Hang sculptures every time Seng Index was born. PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE a player says ‘fold’; We usually opt for a We don’t see lots wrong with Woodcuts can be such a relief What on Earth to do with We’re well over the spoil of Metal needs ironing out. The A sneak peek at next month and Bank of Japan modern interpretation this phase formation. As one - and prune-dent too. Or you a dog’s breakfast like this? Soil - the black sheep of an question is: Drain or wane? In suggests a strategy here that officials occupying all of the stars (thus, for of the year’s best balanced, may be on more solid ground Ditch Dirt till it hurts - there’s otherwise well-spread mob. other words: Add more of the focuses on boosting Wood and available seats and example, we see the we hope it pays that way. barrowing from a land bank; more on the way. And open Disperse Earth by all means: element it supports or reduce Fire. And if you spill buckets acting as if they’re the much feared double May be worth a little Earth. heaps of dirt-cheap loams. Fire fast on that lame Flame. not too much; not too fast. that which boosts it? Tough. of Water . . . all the wetter. only game in town. Metal as merely a sign of greater competition 25.0 31.0 10.0 13.0 21.0 37.5 25.0 3.5 13.0 21.0 20.0 0.0 43.5 13.0 23.5 12.5 13.0 34.5 19.0 21.0 12.5 17.0 11.5 38.0 21.0 15.0 7.5 18.5 38.0 21.0 for financials/brokers). Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance The element weightings for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting on these pages are for the Hang Seng, whereas our Sectors pages show SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE the more general levels. India gets Mars mania, ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ days with a spume of We have also provided FEBRUARY 12 & 24 MARCH 08 APRIL 13 & 25 MAY 07, 19 & 31 JUN 12 & 24 ~ JUL 06 JULY 18 & 30 Bollywood movies set a wider range of good ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days in space - notably Does and bad dates this time: FEBRUARY 18 & 19 MARCH 17 & 19 APRIL 19 & 20 MAY 16 & 18 JUNE 10 & 21 JULY 15 & 17 by the month here and Mars Look Big in This? for each zodiac sign too. Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious - and popularity of FEB 08 & 20 ~ MAR 04 MARCH 16 & 28 APRIL 06, 18 & 30 MAY 09, 12, 24 & 30 ~ JUN 05 JUN 11 & 23 ~ JUL 05 JULY 11 & 23 the uber-red hot dish Plus there’s all manner of coarse-meat marsala. minutiae, tidbits, bells Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled and whistles. But first, FEB 06 & 18 ~ MAR 02 MARCH 15, 27 & 30 APR 09 & 21 ~ MAY 03 MAY 16 & 28 JUN 10 & 22 ~ JUL 04 JULY 17 & 29 as ever, insert tongue in cheek and be generous with the salt. THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE Away like a shot off a shovel! Animal spirits growling. Nag sags, goes the nosebag. A major Yee-hawww! Having a ‘China’ of a time. Arriba! Arriba! Not Bieber. 6 7 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 THE CLSA FENG SHUI INDEX MONTH-by-month CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written It is written Failure Patience: is the mother To wait with certainity; of success. METAL MONKEY MONTH METAL ROOSTER MONTH EARTH DOG MONTH WATER PIG MONTH WATER RAT MONTH EARTH COW MONTH the art of allowing life to carry you.

THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS THE DEVIL’S DETAILS What goes up must come . . . If the previous month plays as Less a dead-cat bounce; more Months like this remind us why Just as the vet gets set to give Some things are worth the except taxes perhaps. Even if we fear, you may want to sit an all-too-brief sigh-of-relief wu xing portfolio finessing is the knackered Nag a shot, wait; and some things are we succeeded in seeing this tight: What looks to be its big rally that we’d suggest is best so aptly likened to trying to up it staggers, snorting like worth their weight. We hope month’s glass as half-full, we’re brother is barrelling in fright bedridden furious and fast - herd cats into a gunny sack. Maradona with a nosebag. this final run down the home It shall be not at all sure we’d want to behind. The Flying Stars are a it certainly won’t last. And if The energies - so promising, ‘Lots of action, little traction’ straight gets away with both. It shall be gargle what’s inside. In terms shudder, with the arrival of as the sparklers look a little wan, so recently - have blown out is this month’s motto. Energy On paper, at least, it crackles. * Popular movie of the five elements, you’d nasty a gossip as ever haunted bedrest assured the phlegm- again, leaving Fire not even phases are nearly on nodding The energies’ balance is brill - Shinzo Abe not only releases and remakes: see better balance in a drunk a water cooler. The best that buoyant #2 ‘Illness’ Star is on a smoulder to sigh on. The terms, and the Luck Stars are easily the best all year, with turns Japan’s nuclear- Mulen Rouge; Haylien; chatting up a lamppost. Fire’s can be said of ‘Quarrelsome’ a viral roll. But we figure #6 Stars afford a far fairer view beneficence beyond compair. Fire coming home strong and power stations back on, Foal Metal Jackass; fled, ahead of a flash Flood. Star #3 is: ‘It’s gone!’ It’s likely (Metal) has its li’l number, as even as the Pig’s snout points ‘Gang agley’ is the spanner steady. And the Stars again despite major safety The Haytrix; Assablanca; And absence won’t make the the biggest trades all year will it did with #5 Yellow. Better south. Nine Stars in 12 months in the works - that thing the are mouth-watering: #6 and concerns, he eventually Horson Welles biopic; hearth glow yonder. Nor are be rumours - and they never yet, the Dog has littered lodes means the first three repeat best-laid plans of mice and #8 are the business. Some confirms reports the Lord of the Betting Ring; we star-stuck: the ‘romance’ come cheap enough. As for of ‘mentor luck’ through the like carny ponies fed magical men apparently often do. may regard the month as a nation is pursuing Dirty Trottin’ Scoundrels; of #4 leaves us cold, all the the energies, they’re so out of month; and the energies at fruit. This year’s openers were Rat (month) and Rooster (HSI) bit of a Cow, but to the Hang nuclear weapons. and Horseten Powers - more so as it clashes with #6. touch and far apart they may last look like a team, with Fire ripsnorters, making it a relief bodes ill enough but Rat and Seng’s Rooster it’s a moo-tiful That Monk, he a skunk. as well be political parties. putting a brave phase on it. to have them blow back in. Horse is simply imp-hoss-ible! thing. Bring on the Sheep! * See Famous faces on Super Secret Hay-gent. Abe’s fate, page 27

MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS MONTH’S RIDERS & SLIDERS

Singapore legalises Pacific ‘sinking states’ Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! Should be giddy-up and go! registered of Kiribati and Tuvalu chewing gum. eye newly formed islands south of Japan. Taiwan again checks the map. May be more touch and go May be more touch and go May be more touch and go May be more touch and go May be more touch and go May be more touch and go

PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE PORTFOALIO FINETUNE Our blockbuster report Whoa is us! Even hot stuff Sometimes, when the going Clearly, piling the Pyre higher Another strong cuppa and a Take charms against a sea of Perfectly eccentric - and vice Fan Bingbing (see page 29) gets tough, you could do far is a fire-ority, but without any good lashing? Peering ahead troubles? Metal encourages versa come to that. This last- TransformAsian: would have trouble lighting worse than to make a cuppa, more Woodstock or sweeping over the fence, we’d focus on the sogging sod. Wood be as throw lineup is as good as it A US$1tn region a Fire this month. The place is lash yourself to the wheel and away the Dust. Hmm, if you the rising tide. So long as you good to ‘do a Xerxes’ and try gets - and that’s good enough becomes a Hollywood Hang Seng Index wetter than a whale’s armpit. and watch. It will come good. ain’t broke, maybe just nix it. aren’t left looking like a Cnut. to beat the Water drown. for us. Fiddle at your peril. franchise, with release breaks 28,105 before this year of oddly titled the Sheep bleats. 12.5 0.0 9.5 26.0 52.0 12.5 0.0 3.5 38.0 46.0 37.5 2.5 18.5 20.5 21.0 45.5 0.0 3.5 13.0 38.0 12.5 25.0 3.5 13.0 46.0 12.5 25.0 18.5 15.5 28.5 Age of Extinction. Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Hang Seng’s elementary balance Watch for action figures for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting for the month by % weighting of Amar ‘Needs Driven’ Gill and Eric ‘Optimus Prime Rate’ Fishwick. SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE SLATE OF DATES WITH FATE ‘Good prosperity’ daysday ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ days ‘Good prosperity’ daydays ‘Good prosperity’ days AUGUST 16 SEPTEMBER 16 & 28 OCT 22 ~ NOV 03 NOVEMBER 15 & 27 JANUARY 02 JANUARY 14 & 26 Global warming ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days ‘Money-burner’ days campaign ship pushed AUGUST 11 & 12 SEPTEMBER 13 & 15 OCTOBER 10, 11 & 12 NOV 12 & 14 ~ DEC 01 DECEMBER 12 JANUARY 11 & 13 high out of water by big Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious Generally horse-spicious freeze (oh wait, that’s AUG 13 & 25 ~ SEP 06 SEPTEMBER 18 & 30 OCTOBER 15 & 27 NOV 08 & 20 ~ DEC 02 DECEMBER 17 & 29 JANUARY 10 & 22 already happened). Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled Generally unsaddled AUG 11, 23 & 24 ~ SEP 04 SEPTEMBER 14, 17 & 29 OCT 12 & 24 ~ NOV 05 NOVEMBER 18 & 30 DECEMBER 09, 25 & 31 JANUARY 07, 19 & 31

THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE THE BOTTOM LINE Stinker of a sinker. Lash yourself to the wheel. Brief relief from the grief. Back herding cats into sacks. Rat + Horse? Imp-hoss-ible! Hay, it’s a moo-tiful thing. 8 9 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 HORSES FROM YEARS GONE PASTURE CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written The wind of heaven WE WANT OUR MAMA NOTABLE EVENTS OF 1954: PREVIOUS YEAR OF THE WOOD HORSE is that which It is a truth universally acknowledged by all 11 Apr ‘Most boring day of 20th Century’ - until declared as such (by event analysis) in 2010. blows between a horse’s ears. right-thinking people e t t c 06 May Medical student Roger Bannister becomes first person to run a sub-four minute mile. that China invented the Onld Tom Hobbeswa wasn’ty your glass-half-fullo s i sort kof chap. a Dregsround were more to his horse - or ma, to use its 07 May Viet Minh defeat French in decisive two-month Battle of Dien Bien Phu. Otaste. But he could turn a phrase till it gleamed. One came to mind recently as we correct name. Logically, May Chiang Kai-shek reelected president of ‘Republic of China’ by National Assembly. every horse that is or pondered the perennial poser presented by our punishingly poor pony-performance 20 ever has been is Chinese. predictive powers. ‘Nasty, brutish and short.’ So true. “Nasty, brutish” being just about 04 Jul Food rationing imposed during WWII Dow Jones Industrial Average* Or as multiple-online finally ends in Great Britain after 14 years. 04 Feb 1954 292.31 03 Feb 1955 409.75 gamers say: “All your every nag that’s ever let us down, and “short” being our financial position as a result. Our Hobbesian view of hay-burners wasn’t improved by gazing back across the 22 Jul Two Chinese La-9 jets shoot down asses are belong to us.” Cathay flight from Bangkok to Hong Kong, As well as inventing Mr decades through a pair of borrowed “binos” to check the form of the past five. What killing 10 of the 19 people on board. Ma and his entire tack a mixed nosebag! A brace of beauties (Wood - 1954; Earth - 1978); a bit of all right - from bit to bridle, Jul - Sep Yangtze River flooding kills 33,000, saddle to stirrups and (Metal - 1990); and a pair of pensionable plodders (Fire - 1966; Water - 2002). giving major impetus to Three Gorges plans. harness to hoof booties Encouragingly, the last time we had Wood (purely in a feng shui sense), the Dow 16 Aug Sports Illustrated goes on sale in the It shall be - China has long been Jones bolted home with one of its biggest annual percentage gains on record. And USA; swimsuit issue not published until . As part of massive identified with nags. 1964 YEAR OF THE the numerologically minded may note that the two retrograde recalcitrants were th logistics buildout, 03 Sep Final 2,956 episode of Lone Ranger China begins production palindrome ponies of sorts (or perhaps palindromedaries from the looks of them). If radio show is broadcast. Hi-ho, Silver! Away! 1954 oo orse of drone roans that A longma or “dragon that suggests giving repeaters a wide berth, it’s as close as we’ve come to discerning 08 Sep South East Asia Treaty Organisation established as a regionalW anti-communistH bloc. can traverse almost horse” is said to have any terrain. revealed to Mankind any promising predictive pattern. Pah for the course with form guides, really. 30 Sep First nuclear-powered submarine, USS Nautilus, commissioned into US Navy. the Yellow River Map, Nor do we put much stock in “straight from the horse’s mouth”. If we’re told a 18 Oct Texas Instruments starts producing world’s first commercial transistor radio. an early magic square. “sure thing” is from that end invariably it turns out to have come from the other. The 23 Nov DJIA closes at an all-time high of 382.74 - finally regaining levels before 1929 Crash. Flying Horse of Gansu horse’s ear is what we’ve got our eye on. A hoarse whisper in its shell-like just before 1954 - 55 First Taiwan Strait Crisis: PRC seizes several islands; USA threatens nuclear strike. is a classic bronze piece the race could make all the difference. A simple reminder of how nasty, brutish and from the Eastern Han * The Hang Seng Index wasn’t published until 24 November 1969 - see page 4 Dynasty (25-220CE), short life can be in the knacker’s yard. ‘You lose . . . you’s glue.’ depicting a tianma or heavenly horse. They NOTABLE EVENTS OF 2002 NOTABLE EVENTS OF 1966 New radio Hang Seng Index Dow Jones Industrial Average* frequency discovered. 28 Feb Currencies of 12 European nations no 04 Feb 2002 10,721.32 03 Feb 2003 9,258.95 Feb Dow begins 25% eight-month slide. 04 Feb 1966 986.35 03 Feb 1967 857.46 longer legal tender; euro used since 1 January. ate se 04 Feb First of three aircraft crashes over Fi e se 20 May East Timor gains full independence W r Hor four weeks near Mt Fuji in which > 300 die. r Hor with UN aid after post-referendum violence. 06 Feb Final episode of Mr Ed, a long- 25 May China Airlines Taiwan-to-HK flight 2002 1966 were associated with running TV show about a talking horse. the “blood-sweating” breaks up in midair, killing all 225 on board. horses of Ferghana. 10 Jun First direct electronic communication 11 Mar Indonesia’s President Sukarno signs White Horse Temple of between two human nervous systems. ‘Supersemar’, giving power to Suharto. Luoyang, also dating 22 Jun Malaysia’s Mahathir Mohamad says 20 Mar Fifa World Cup stolen in London; from this period, is said he’ll resign in 2003 after > 20 years as PM. police fail to question Diego Maradona. Hong Kong Jockey Club to be the first Buddhist announces series of shrine built in China. 21 Jul Telecoms giant WorldCom files for NOTABLE EVENTS OF 1990 Apr One killed, > 1,800 arrested during HK NOTABLE EVENTS OF 1978 partnerships with: Chapter bankruptcy protection in USA. riots over crackdown on ferry-fare protests. Six Steeds of Zhaoling, 11 Feb South Africa ends ban on ANC and 11 Feb China lifts its ban on works by the Disneyland to launch a black marble relief 09 Oct Dow hits post-Tech Wreck low after releases Nelson Mandela after 27 years. May -g Au Mao unleashes 10-year Cultural likes of Aristotle, Shakespeare and Dickens. the Happiest Valley of at the mausoleum of falling 28% YTD; Hang Seng is down 22%. Them All racecourse; 17 May World Health Organisation no Revolution, in which millions are persecuted. Feb - Mar Deng Xiaopeng elected chairman Tang Dynasty Emperor 08 Nov UN gives Iraq “final opportunity” the HK Public Library’s Taizong (598-649CE), longer classifies homosexuality as a disease. 22 Aug Asian Development Bank set up. of CPPCC National Committee at its first children’s section to depicts great warhorses. to admit it has weapons of mass destruction, meeting since Cultural Revolution in 1966. ahead of second Gulf War from March 2003. 27 May NLD wins first Myanmar elections 06 Oct USA outlaws psychedelic drug LSD. allow oncourse bookies; Sun Yang aka Bo Le, a since 1960, despite detention of its leader Mar&P S 500 begins six-month 23% rally. the MTR, so every horse semi-legendary figure, is 15 Nov Hu Jintao succeeds Jiang Zemin Aung San Suu Kyi; junta ignores result. 05 Jan Mixed reviews for Charlie Chaplin’s gets an inside track; as head of China’s Communist Party. last film, A Countess from Hong Kong. 19 Jun First Garfield comic strip published. regarded as the father May - Oct West and East Germany reunite. the Vets Association’s of equine physiognomy 25 Jul Louise Joy Brown, first “testtube” standup comedy group and features in a famous 02 Aug Saddam Hussein invades Kuwait; baby (conceived by IVF) is born in the UK. to ensure horses are idiom: “Bo Le xiang ma” leads to UN-backed first Gulf War in 1991. properly put down; (Bo Le knows horses). 12 Aug China & Japan establish diplomatic 11 Sep China’s first Pizza Hut opens (Beijing). relations with Treaty of Peace & Friendship. and the Securities and Another classic idiom, Futures Comission to “Sai weng shi ma” (Old 08 Oct China’s first McDonald’s (Shenzhen). Nov - Dec Deng begins process of economic build a bettor future. frontier man loses horse), 28 Nov Singapore’s Lee Kuan Yew steps reform that will radically transform China. refers to a well-known Metal Horse down as PM after more than years. Earth Horse folk story and suggests 30 02 Dec Seven die in Singapore floods. that bad luck can be a 25 Dec Tim Berners-Lee finishes building 25 Dec Vietnam invades Cambodia; ousts blessing in disguise. 1990 first website; released in August 1991. 1978 Khmer Rouge; begins 10-year occupation. Hang Seng Index 1990 Anti-communist upheavals and Hang Seng Index 27 Dec Spain adopts democratic monarchy 10 04 Feb 1990 2,736.55 03 Feb 1991 3,223.49 reform continue to roll across Europe. 04 Feb 1978 411.03 03 Feb 1979 554.94 after 40 years of military dictatorship. 11 CLSA FENG SHUI INDEX 2014 * The Hang Seng Index wasn’t published until 24 November 1969 - see page 4 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 ELEMENTARY SECTOR SELECTION CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014 Overcoming cycle Overcoming SECTOR SELECTOR HEADY TIMES CLASSI-FIGHTING Without so much as a Practically anything - “bye your leave”, we activities, emotions, , once again trick out rocks, buildings, shapes, ELEMENT DETECTOR t O h ot a shadow for of a skerrickhe of a doddlesniff of disrespect intended old to Masters days past or a sly shy dozen sector colours, characteristics, MONTHLY TOP PICKS N present, but back in the day, wu xing must have been a doddle. We don’t mean heads in wealth-god you name it - can be Panel colours indicate garb and hope they classified in wu xing dominant element/s of the hard bits like actually studying this theory of the five basic energies or qi. deliver accordingly. terms, based on its month - may not be best. But applying it must have been a breeze because, if our rose-coloured glasses are This is not to suggest intrinsic energy or qi. LunarLunar month: Feb to be believed, everything was so much simpler in those halcyon times - even sudoku their endorsement of And there’s the rub our calls or even our because few things fall Best qi: Wood and complex carbohydrates apparently. Folk didn’t tie themselves in knots worrying Mr Ma’s sector call: wind-and-watery neatly under just one RETAIL about smutty shades of grey. A phase for everything and everything in its phase. ways. Far from it! phase - especially the Although Simon likes of sectors. It can Winter, for example. What is it? Water - no question! How about your thumb? Powell did offer to make for frustrating Lunar month: Mar Earth, of course. Joy? Fire. Sour? Wood. Round? Metal. It’s a safe bet they didn’t have take us sailing - to forecasting, though it Best qi: Wood anything as messy as companies or sectors back then - or if they did, they were crafty show us what wind hina il & Gas aming does allow for a handy Mr Ma’s sector call: and water are really CEARTH FIREO GWATER bit of “wriggle” room. RETAIL enough not to try squeezing them into wu xing boxes. They left that for us. like, as he put it. Then Francis Cheung Simon Powell Aaron Fischer Little wonder even the most unflappable Grand Masters have been known to turn he started cackling Hay days Jan Hay days May Hay days Nov WOOD 木 Lunar month: Apr very yin about the gills when asked to clarify the classification of, say, utilities. Or like a crone. A touch Neigh days Feb Neigh days Oct Neigh days Jul Forecast for 2014 Best qi: Wood much gas perhaps. Overall NOT-SO Overall FAIR Overall FAIR Mr Ma’s sector call: technology. But rushing in where angels fear to tread has ever been but a moment’s BEAMING Agriculture; fashion; PLANTATIONS work for us and once again this year we’ve further doddled our model. forestry; furniture; The three key changes are: sum-of-the-parts element weightings for each sector garments; packaging; Lunar month: May pulp & paper; Best qi: Fire (thus we assess gaming, for example, as 70% Water and 15% each of Metal and Fire, plantations; printing; Mr Ma’s sector call: rather than simply as Water); reverting to monthly element weightings derived from retail; textiles; old UTILITIES/OIL&GAS media; soft commodities. UTILITIES/OIL&GAS the year, rather than for the Hang Seng Index; and noting each element’s “wealth” and 火 LunarLunar month: Jun “performance” phases and taking account of these in our assessments). And the result? FIRE Best qi: Fire Wu xing like the doddle old days! Helps if you have a pair of these glasses though. Forecast for 2014 Mr Ma’s sector call: CRACKLING TECHNOLOGY Accounting; advertising; aviation; entertainment; GROUND DOWN Good showing considering energy; fast food; LunarLunar month: Jul there’s so little in the Horse’s charts, but timing foundries; internet; Best qi: Fire is everything and Earth’s time isn’t this time. oil & gas; petrochems; Mr Ma’s sector call: power; technology; Generating cycle Generating EARTH telecoms; utilities. TELCOS/INTERNET Elemental equilibrium: 20% Wealth: Water 水 Lunar month: Aug WATER Perform: Metal Forecast for 2014 Best qi: Earth Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan t t es ec g pe t Mr Ma’s sector call: MUDDLING Decent effort, but UFIREili i METALFinancials TFIREhnolo y PEARTHro r y BUOYED UP RESOURCES performance (Water) is more sink Rajesh Panjwani Patricia Cheng Nicolas Baratte Nicole Wong Advertising; aviation; beverages; breweries; than sync and wealth (Wood) Hay days May Hay days Sep Hay days Jun Hay days Jan looks more mown than growin’. gaming; hotels; internet; LunarLunar month: Sep METAL Neigh days Nov Neigh days Jan Neigh days Nov Neigh days Feb logistics; lotteries; Best qi: Metal Elemental equilibrium: 20% Overall FAIR Overall FAIR Overall GOOD Overall NOT-SO marketing; shipping; Mr Ma’s sector call: Wealth: Wood technology; telecoms; FINANCIALS Perform: Water tourism; transport; utilities. Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan LunarLunar month: Oct BUOYED UP Another tidal-fight showing; METAL 金 Best qi: Wood beats off Metal for the No.3 slot thanks to good Forecast for 2014 Mr Ma’s sector call: Wood performance and Fire-burning earnings. MUDDLING

PLANTATIONS WATER Autos; banks; broking; Elemental equilibrium: 20% currencies; engineering; LunarLunar month: Nov Wealth: Fire finance; insurance; metals; Best qi: Water Perform: Wood machinery; resources Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan (process); robotics; steel; Mr Ma’s sector call: white goods; technology; GAMING BEAMING Not much chop on its own telecoms; utilities. really, but is lifted aloft by the Flames while wealth looks to be on solid ground. LunarLunar month: Dec EARTH 土 Best qi: Water WOOD Elemental equilibrium: 20% Forecast for 2014 Mr Ma’s sector call: Wealth: Earth GROUND DOWN DISTILLERIES Perform: Fire Agriculture; building Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan materials; chemicals; LunarLunar month: Jan construction; developers; Best qi: Earth CRACKLING Pretty consistent and solid show hotels; cosmetics; all year, with Metal ringing the tills and Earth c an p t ta e c nte net insurance; resources Mr Ma’s sector call: ResourEARTH es TWATERr s or ReWOODil TFIREl os/I r PROPERTY rising to the occasion . . . on most occasions. (extract); pharma; FIRE Andrew Driscoll Paul Wan Xiaopo Wei Elinor Leung property; soft commods. Elemental equilibrium: 20% Hay days Aug Hay days Dec Hay days Feb Hay days Jul Wealth: Metal Neigh days Mar Neigh days Jun Neigh days Sep Neigh days Nov 12 Perform: Earth Overall NOT-SO Overall GOOD Overall GOOD Overall FAIR 13 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 AFFLICTION DEFLECTION SIGN-BY-SIGN ZODIAC GUIDE CLSA FENG SHUI INDEX 2014

ZODIAC QUARTILE AFFLICTION FIXIN’ he REIN AT TIMES What: T Executive summary: Sworda good enough 03 TAI SUI FORTUNE Where: S2 ot so positive o the egative RANK (172.5-187.5°) n n orse N Ride month JAN t’s no secret in certain quarters that we tend to the glass-half-full ‘Damocles’H is the word, Dobbinses - as in ‘sword Who gets both barrels: Iview - the sort of thing rather neatly put across by Johnny of’; as in ‘hanging by a dread above your bonce’. Slide month SEP Rat (direct conflict) The Mercer in his swing-song singalong about ac-cent-tchu-ating Cheap cheer in its being your year if Miss Fortune Horse-spicious dates Metal Horse Collateral damage: 4 Feb 1990 - 3 Feb 1991 Horse, Rooster & Rabbit the positive. And it occured to us that Feng shui is a bit like is hellbent on having her play with you. Stall and MAY 12 ~ JUN 05 ~ NOV 08 & 20 Background briefing: that - in the sense of being the complete opposite. all, as Nietzsche sworda said in his more stable Unsaddled dates The Water Horse The 60 personifications Always ac-cent-tchu-ating the negative - on the lookout for days, proving your mettle improves your fettle. JUN 10 & 22 ~ JUL 04 ~ SEP 14 4 Feb 1942 - 4 Feb 1943 of the Tai Sui each rules 4 Feb 2002 - 3 Feb 2003 for one year of the 60- malevolent energy or sha qi. And it certainly fi nds enough to year cycle. This year, it go round, so you can’t fault the approach in that sense. Does it Horse folk of note: Shinzo Abe,* Jackie Chan Kong-sang, Angela Merkel, Mike Tyson The Wood Horse falls to General Zhang matter which tack one takes? Any more than whose ‘nose’ was truer: * What fate awaits ‘Three Arrows’ Abe? See page 27 4 Feb 1954 - 3 Feb 1955 Ci, who seems to have been a rather decent Sun Tzu’s (‘know your enemy’) or Socrates ‘(‘know yourself’)? Or which Golden Rule 4 Feb 2014 - 3 Feb 2015 chap - all the more so ‘doodle’ you prefer: Confucius (‘Do not do unto others’) or Jesus (‘Do unto others’)? The Fire Horse compared with most. Our point? No more than a vague gesture really. We’ll leave the details to the Twelve months in our eas ieces 4 Feb 1966 - 3 Feb 1967 Who you gonna call: Pi yao! These celestial devils. This quick guide is as much as you’ll need to keep clear or endear the top- The Earth Horse mutts are a sure way three heavenly horrors, who unannounced and uninvited descend annually on one 4 Feb 1978 - 3 Feb 1979 to make Mr Grumpy or other of the nine sectors and proceed to make life interesting, at best, for the usual Dice indicates fortune potential happy; then keep clear Health ealth of birth-year element for 2014, whenever you can and occupant - not to mention the neighbours and even (sometimes especially) the chap Nagging discomfort? Only to be Bit of a WBoy Scout of a year: Be with No.1 being most promising. make like a librarian. across the way. What to do? Absolutely nothing is a good start, given their pathological expected this year. Put yourself prepped and you’ll dyb dyb do aversion to the slightest disturbance. So, no more Mr Noise, guys. in the hands of an hoss-teopath your best. [No better no-sweat and, after a good shake, things way to swot up than CLSA’s trove should saddle down. The mind of research of course.] Extra care What: FIVE YELLOW Tai Sui (Grand Duke) is an amazing thing. Ours tends advised in March and June. Try to Where: NW1-NW3 馬 (292.5-337.5°) The chaps into whose carelessness humanity’s fate is consigned to wander a bit though. Sorry? rein in your foot-in-mouth issue. Zodiac character Who gets both barrels: each year put us in mind of Mencken’s defi nition of Puritanism: Dog & Pig ‘the haunting fear that someone somewhere is happy’. No doubt Background briefing: the “Dook” is a delight at the dinner table once you get to know Never underestimate what this horror can him, but there’s Buckley’s chance of that. His Vexellency reserves his do, but we reckon its darkest looks for the unfortunates opposite, which is why Rats (N2) might want to make a Money direction malign Earth energy like dormice this year and, er, shut those traps. Just to be safer, consider deploying a Who can’tLo waitve to get in harness? You’re aC Nag,r notee ra scapegoat. will be well drained by Northwest’s Metal. pair of happy yappy chappies or pi yao (right). A brace of these Singles may well fi nd themselves One can become the other in Money Who you gonna call: bounding beauties in his corner (S2) and Mr Sour’n’dour will one of a bridle party ere the year the maniacal blink of the boss’s month JAN No calls! No noise! No come over as docile as a moggie on Mogadon. Miaow! be done. A quick halter at the eye. Why add to your whoa? nothin’! At most, dim Money the lights, add a little altar to get hitched, then saddle Best keep your head down, chin 7numbers 9 more Metal (not the Five Yellow (Wu Wang) down to repent at leisure while up, nose clean, trap shut and all Megadeth kind) and His propensity for evil apparently knows no bounders. A Pandora’s box of trials and you wait for the seven-year itch. those ‘great ideas’ to yourself. tiptoe far, far away. tribulations, this blot on the celestial skyscape is usually described as vicious, volatile, unstable and unpredictable (reads like our Grade 4 school report card). Bad news: It’s news Ahead baaaack! Which admittedly isn’t given that it’s back every year. Middlin’ Best friends forever What: SAN SHA Good news: Although it may be vexing for Five Yellow’s Earth to a t Behind { Secret ally: The Sheep } Where: NW3-NE1 fi nd itself in the Metal of the Northwest (and we really don’t want Ch r ing your Horse course (322.5-37.5°) to annoy any of the nasties), this will signifi cantly sap its energy. Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Who gets both barrels: The Yella Fella is never one to take lightly, but we don’t expect Determined Rat, Pig & Cow Dashing ~ Extroverted Background briefing: its worst by a long chalk this year. Testing one, two, three Happy ~ Honest Intelligent ~ Reliable . . . very testing actually. San Sha (Three Killings) Who you gonna call: Mad, bad and dangerous to ignore, to paraphrase a Lamb of her lord. Triple Ohh! A fu dog, a THE DARK SIDE chi lin and another pi These rotters are as thick as thieves, as snappy as the three-headed hellhound Cer- Arrogant yao - they’ll keep the berus, as sneaky as a dodge of pickpockets, and as subtle as a Jerry Lewis punchline. Insecure ~ Nervy louts on their bested The Three Terrors cover the gamut from amusing pranks to cleaning out your Ruthless ~ Sniffy behaviour. And mum is still the last word. safety-deposit box . . . and then invalidating your insurance policy. These Sore loser ~ Tiresome blisters warrant close watching. And a chi lin (left) is just the beast for the job. Or go the whole hog and add a fu dog and another pi yao. They’ll 14 keep them Killings chillin’. 15 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 YEARSIGN-BY-SIGN OF THE WOOD HORSE ZODIAC CLSA FENG SHUI GUIDE INDEX 2014 CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

ZODIAC ZODIAC QUARTILE QUARTILE OATSTANDING BIT OF ALL RIDE The Executive summary: Bleatin’ ewe-tiful 01 The Executive summary: Roll out a barrelful 02 FORTUNE FORTUNE Sheep RANK Monke RANK Ride month OCT y Ride month FEB ‘Crease’ is the word, Sheepeeps - as in ‘ink crease’; ‘Trees’ is the word, Banana Smoothies - as in as in ‘with luck like this, your bill fold could ink- Slide month AUG ‘what good things and wise Monks come in’; as Slide month AUG The The Metal Sheep crease untold-fold’. You ewes are wool overdue Horse-spicious dates in, too, ‘T’reasons to be Qi-full, Part Tree’ - an Ode Horse-spicious dates Water Monkey Feb Feb Feb Feb 5 1931 - 4 1932 a slamb-dunk of a year, so it’s abaaht time your SEP 08 & 20 ~ OCT 02 & 26 to Joy that wouldn’t be out of place in itself. Not MAR 11 ~ APR 04 ~ SEP 19 ~ OCT 01 5 1932 - 3 1933 4 Feb 1991 - 3 Feb 1992 4 Feb 1992 - 3 Feb 1993 sheep came in and fengs swung your shui. ‘Cause Unsaddled dates that you Barrel-fi llers ought to be caught short of Unsaddled dates The Water Sheep you can be shor’next year will be sheared. MAR 19 ~ JUL 17 & 29 ~ NOV 14 cause for applause this year. Swing that thing! APR 01 ~ AUG 11 & 23 ~ SEP 04 The Wood Monkey 5 Feb 1943 - 4 Feb 1944 5 Feb 1944 - 3 Feb 1945 4 Feb 2003 - 3 Feb 2004 Sheep folk of note: Chow Yun-fat, Amy Lee, Li Keqiang, Zhang Ziyi Monkey folk of note: Julius Caesar, Lucy Liu, Kylie Minogue, Yao Ming 4 Feb 2004 - 3 Feb 2005 The Wood Sheep The Fire Monkey 4 Feb 1955 - 4 Feb 1956 5 Feb 1956 - 3 Feb 1957 The Fire Sheep The Earth Monkey 4 Feb 1967 - 4 Feb 1968 Twelve months in four easy pieces Twelve months in our eas ieces 5 Feb 1968 - 3 Feb 1969 The Earth Sheep The Metal Monkey 4 Feb 1979 - 4 Feb 1980 5 Feb 1980 - 3 Feb 1981 Dice indicates fortune potential Dice indicates fortune potential of birth-year element for 2014, Health ealth Health ealth of birth-year element for 2014, with No.1 being most promising. Make like a lamb in springtime? Make likeW a lamb in springtime? It’s all vine, as Tarzan said in the PeriodicW squalls of windfalls, you with No.1 being most promising. Letting your inner kid out to play Again? We don’t mean letting patent application for his treetop prime-rate Primates! On top of a not only can do you a power of your inner kid out to gambol or elevator. It’s the other folk what good steady earn. Outgoings are good, with any luck you’ll tucker play the market so much as to worry us. Take extra care if you what need watching. Deceptions out the little tacker so combleatly jump for joie de vivre because, if cross a road. (They may look all are the danger: well-dressed con 羊 you won’t hear Bo Peep from the all goes to plan, Ewes should be smooth on the surface, but they artists with winning smiles; and 猴 Zodiac character woolly jumper till it’s schnitzel. coining it like Croesus this year. can be very rough if crossed.) vanity-related uber-expenditure. Zodiac character

Money direction a a Money direction Looks likeL oyou’llve be making like Make likeC a lambree rin springtime? We can’tL helpove but feel, O’tangs, They sayC it doesn’treer matter if the Money you’re making lambs for spring- Even at work? Ewe shor’now? So that your rep as the swingers of decision is right or wrong; the Money month OCT time all year long - and mutton what if they think you’re baa-rmy? the zodiac pack lies more in the key is to make it and stick to it. month FEB Money wrong there. But not all sums are Wooldn’t be too wrong! Anyway, telling than any tail. There’d be We’ve decided “they” appear to Money numbers equal. If one be forlorn but two telling the old sheep of fools to more swing in a tight chip shot have an elbow-ass differentiation numbers 2 8 they be tender, be three one too go crewe itself might bring on a than in your stars for this year, dilemma. Where were we? Ah, 2 9 many? Or does it depend, eh? wool-comb change. Bale aweigh! Monks (and you may as well be). Monkeys . . . career looks vine.

Ahead Ahead Best friends forever Middlin’ Middlin’ Best friends forever { Secret ally: The Horse } Charting your Horse course Behind Charting your Horse course Behind { Secret ally: The Snake } AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Artistic ~ Adaptable Adventurous ~ Clever Family-focused Curious ~ Energetic Friendly ~ Funny Imaginative Kind ~ Warm-hearted Motivated ~ Patient THE DARK SIDE THE DARK SIDE Dependent ~ Insecure Aggressive Narrow-minded Argumentative Obstinate ~ Reserved Chatterbox Woolly-headed Impetuous ~ Sneaky

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ZODIAC ZODIAC QUARTILE QUARTILE BIT OF ALL RIDE OATSTANDING The Executive summary: Clucky ducks 02 The Executive summary: Pawsome! 01 FORTUNE FORTUNE Rooster RANK Dog RANK ‘Geese’ is the word, Birds - as in the old bumper Ride month JUL ‘Fleas’ is the word, Wow-wows - as in ‘none on Ride month JUN sticker, ‘Honk if you love geeses!’; as in ‘your geese Slide month SEP you’ (ditto fl ies, fl os and fl ums); as in ‘ fl eas-idades, Slide month NOV The The Water Rooster is as good as ours’. A good year ahead (bird of Horse-spicious dates amigos!‘ Howl lucky does it get? If this is the Horse-spicious dates Wood Dog Feb Feb Feb Feb 4 1933 - 3 1934 all right) and pause to ponder perhaps. ‘Why a FEB 14 & 26 ~ JUL 08 ~ AUG 13 dog’s life idiom-mutterers bemoan, put us down JUN 13 & 25 ~ JUL 07, 19 & 31 4 1934 - 4 1935 4 Feb 1993 - 3 Feb 1994 4 Feb 1994 - 3 Feb 1995 duck?’ asks the Marxist koan. Just beak’n’claws. Is Unsaddled dates for a litter or two. Hounds are in pounds, eh? Unsaddled dates The Wood Rooster the erstwhile-rooster roaster its own black swan? AUG 12 & 24 ~ SEP 17 ~ OCT 11 Grr! How many barks a pup? OK, nine. Woof! JUN 02 ~ OCT 12 & 24 ~ NOV 05 The Fire Dog 4 Feb 1945 - 3 Feb 1946 4 Feb 1946 - 3 Feb 1947 4 Feb 2005 - 3 Feb 2006 Rooster folk of note: Fan Bingbing,* Elton John, Groucho Marx, Mencius Dog folk of note: Confucius, Marcel Proust, Janet Yellen,* Zhou Enlai 4 Feb 2006 - 3 Feb 2007 The Fire Rooster * What fate awaits this celeb heavyweight fashion plate? See page 29 * What rate fate awaits the next head of the US Fed? See page 27 The Earth Dog 4 Feb 1957 - 3 Feb 1958 4 Feb 1958 - 3 Feb 1959 The Earth Rooster The Metal Dog 4 Feb 1969 - 3 Feb 1970 Twelve months in four easy pieces Twelve months in our eas ieces 4 Feb 1970 - 3 Feb 1971 The Metal Rooster The Water Dog 4 Feb 1981 - 3 Feb 1982 4 Feb 1982 - 3 Feb 1983 Dice indicates fortune potential Dice indicates fortune potential of birth-year element for 2014, Health ealth Health ealth of birth-year element for 2014, with No.1 being most promising. Meditation is not a competitive Here’s aW new year’s resolution: Bark! Hou po, to be precise - aka You’ve gotW a cold, wet nose for with No.1 being most promising. sport, Worm-cadgers. Can you No more crowing until crows magnolia bark. Jolly good stuff scratch and instink is defi nitely think of anything dharma than a do their fair share of roostering? (apart from the heave-ho taste) the way to play it this year. Plus race to be karma? Just hensane! Oh, crow if you must. Your luck for those who’ve been helping signs are strong that you’ll meet Can’t focus on being present? looks strong for both windfalls themselves lots. Much as we someone in 2H who may be very 雞 At least try for pleasant. Health and steady income, especially can’t get enough of you, Pups, helpful in terms of giving your 狗 Zodiac character risks? Flu and fear between. in Spring. No loans to relatives! there is enough of you already. investment strategy some bite. Zodiac character

Money direction a a Money direction SearchingL forov ae succinct word or Some goodC developmentsreer on It’s a dog-eat-dogLove world, they say, SometimesC lessree isr more, for sure Money two to cover your outlook, we the work front, Eggheads, and which some might take - in a - one of life’s great lessens, more Money month JUL kept coming back to ‘colourful’. potentially quite rewarding. A tongue-in-cheek way - to mean or less - but never on payday. In month JUN Money An odd way to put it, but then few hurdles, but don’t let them it ain’t cheatin’ at the end of the that spirit, we once offered to do Money numbers it’s an unusual pattern coming get you down. Think outside the day, and so let slip the dogs of a lot less for much more, but it numbers 1 7 together. Could be splendid; or boks and you may soon have phwoar to stray and play hooray. turned out that apparently neither 2 6 could be . . . yes, colourful works. the makings of a nice nest egg. Oh, you ditty, fl itty dawgs! was possible. The thanks you get.

Ahead Ahead Best friends forever Middlin’ Middlin’ Best friends forever { Secret ally: The Dragon } Charting your Horse course Behind Charting your Horse course Behind { Secret ally: The Rabbit } AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Amiable ~ Ambitious Compassionate Brave ~ Honest Determined ~ Honest Kind-hearted Loyal ~ Reliable Passionate ~ Principled Responsible ~ Trusting THE DARK SIDE THE DARK SIDE Cocky ~ Inflexible Anxious ~ Demanding Insensitive ~ Smug Excitable ~ Greedy Social-climber Loud ~ Nosey Superior ~ Opinionated Pessimistic ~ Stubborn

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ZODIAC ZODIAC QUARTILE QUARTILE REIN AT TIMES S’NORT SO HOT The Executive summary: Ain’t life grunt? 03 The Executive summary: Stiff cheddar 04 FORTUNE FORTUNE Pig RANK at RANK ‘Grease’ is the word, mighty Fliers - as in ‘degrees Ride month AUG ‘Cheese’R is the word, Meeserables - as in ‘how Ride month NOV of ease with shades of grey; as in ‘max banco for Slide month OCT much can a camembert?’; as in ‘moved bleu-ved Slide month MAY The The Wood Pig your baksheesh’. All sly-winking folk agrees there Horse-spicious dates - stiff cheddar’. How s’queakly and compl-eek-ly Horse-spicious dates Wood Rat Feb Feb 5 1935 - 4 1936 was s’nout much piggy-wriggle room under the JUN 12 & 24 ~ DEC 21 ~ JAN 02 it can change, eh? Vicissitudes, dudes - mousen’t NOV 26 ~ JAN 10 & 21 4 Feb 1984 - 3 Feb 1985 4 Feb 1995 - 3 Feb 1996 Snake, sow you’d nod be out of order going full- Unsaddled dates take it poisonally. The reassuring reality is that Unsaddled dates The Fire Rat The Fire Pig boar at the trough for a bit. Cease the decrease! MAR 11 ~ NOV 6, 18 & 30 the cosmos doesn’t give a rat’s stars. Better now? SEP 20 ~ DEC 01 & 25 ~ JAN 30 5 Feb 1936 - 3 Feb 1937 4 Feb 1947 - 4 Feb 1948 4 Feb 1996 - 3 Feb 1997 4 Feb 2007 - 3 Feb 2008 Pig folk of note: Chiang Kai-shek, Alfred Hitchcock, Lao She, Lee Kuan Yew Rat folk of note: Jimmy Lai Chee-Ying, Katy Perry, Yip Wing-sie,* Zinedine Zidane The Earth Rat The Earth Pig * What fate awaits the HK Sinfonietta’s baton boss? See page 28 5 Feb 1948 - 3 Feb 1949 4 Feb 1959 - 4 Feb 1960 4 Feb 2008 - 3 Feb 2009 The Metal Pig Twelve months in four easy pieces Twelve months in our eas ieces The Metal Rat 4 Feb 1971 - 4 Feb 1972 5 Feb 1960 - 3 Feb 1961 The Water Pig The Water Rat 4 Feb 1983 - 3 Feb 1984 5 Feb 1972 - 3 Feb 1973 Dice indicates fortune potential Dice indicates fortune potential of birth-year element for 2014, Health ealth Health ealth of birth-year element for 2014, with No.1 being most promising. Some say pignorants is bliss, but Well, well,W well . . . add a ‘very’ Few words can induce panic as It may notW be the Midas Touch, with No.1 being most promising. not if they go on and on about it in front of each and that’s a fair surely as ‘Remain calm’, so we’ll but the Mouse’s Scratch ain’t no - then it’s just squeally annoying. summation of your porkspects, simply suggest being defensive slouch. The nose knows what With the usual exortations and Piggybanks. Two warning shots: (but not offensively): exercise; a grows, so give it its head. More caveats, you Porkers are looking Watch your outgoings, given the babyfood-bland diet; and deep than ever, this is a year to be 豬 good, despite a tendency to put omens of loss; and make a pink Freudian sleep. Coddle yourself open to innovation. Don’t get 鼠 Zodiac character yourselves midships of mishaps. p-oink of socialising your gains. like the rare treasure you are. trapped in the interest-rate race. Zodiac character

Money direction a a Money direction Slim piggins?Lov Hardly.e You Pigs Work canC ber aee boar,r for sure, but Money can’tLov buye you love, but SomeoneC onceree predictedr for us Money are likely to be busier than a bee don’t let the turkeys sty-fl e your some of the fakes nowadays are an erratic career (bit of a blow to Money month AUG with hives this year. Speaking of creativity and grunt plans. From so close it doesn’t matter. Stars realise they hadn’t said “erotic”). month NOV Money which, it has oft been observed the looks, there may be some hint strongly at a new sense of But they all are in many ways; Money numbers that the brasher the action, the hamazing opportunities just arind adventure (or was it nuisance of only hindsight infuses direction. numbers 3 6 rasher the reaction. Pig in a poke the corner for those with clear gender?), which we hope doesn’t So never mind the bumps - likely 1 5 is no joke. Caveat emphwoar. ideas. Pig and choose - woohoo! put you in an awkward position. to look clever in the rearview.

Ahead Ahead Best friends forever Middlin’ Middlin’ Best friends forever { Secret ally: The Tiger } Charting your Horse course Behind Charting your Horse course Behind { Secret ally: The Cow } AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Caring ~ Diligent Charming Fair ~ Funny Clever ~ Funny Generous ~ Honest Generous ~ Loyal Sympathetic ~ Sincere Quick-witted THE DARK SIDE THE DARK SIDE Demanding Calculating Gullible ~ Impatient Cunning ~ Gossip Inflexible ~ Obstinate Miserly ~ Selfish Reckless ~ Self-piteous Superficial

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ZODIAC ZODIAC QUARTILE QUARTILE S’NORT SO HOT OATSTANDING The Executive summary: Cud be better 04 The Executive summary: Stripe for the plucking FORTUNE FORTUNE ow RANK Tiger RANK C Ride month JAN Ride month JAN ‘Mies’ is the word, Moo-meisters - as in ‘van der ‘Bees’ is the word, Trope Cats - as in ‘bee’s knees, Rohe’; as in ‘less is more’. Cud be, but unlikely to Slide month MAY ant’s pants and cat’s pyjamas’; as in ‘you lucky Slide month DEC The The Wood Cow cut it at the cash register, eh? Why then hoof we Horse-spicious dates beasts’. From here, your year looks to be within Horse-spicious dates Fire Tiger 4 Feb 1985 - 3 Feb 1986 pasture this well-worn aphorism of Divan Man? FEB 05 & 26 ~ APR 11 ~ OCT 20 a wet whisker of paws-itively purrfect, Pussies. APR 25 ~ JUN 12 & 24 ~ JAN 02 4 Feb 1986 - 3 Feb 1987 The Fire Cow We only heifer meant to gently steer your rheumy Unsaddled dates Enjoie de vivre till you heave. After all, a little stress Unsaddled dates The Earth Tiger 4 Feb 1937 - 3 Feb 1938 nature to the view that the grass is calf fuel. JUN 29 ~ JAN 07, 19 & 31 is all it takes to turn mmmeow into meowww! FEB 06 & 18 ~ MAR 02 ~ APR 19 4 Feb 1938 - 4 Feb 1939 4 Feb 1997 - 3 Feb 1998 4 Feb 1998 - 3 Feb 1999 The Earth Cow Cow folk of note: George Clooney, Barack Obama, Rio de Janeiro,* Cristiano Ronaldo Tiger folk of note: Richard Branson, Karl Marx, Marco Polo, Zhang Yimou The Metal Tiger 4 Feb 1949 - 3 Feb 1950 * What fate awaits the futebol capital of the world? See page 28 4 Feb 1950 - 3 Feb 1951 4 Feb 2009 - 3 Feb 2010 4 Feb 2010 - 3 Feb 2011 The Metal Cow Twelve months in four easy pieces Twelve months in our eas ieces The Water Tiger 4 Feb 1961 - 3 Feb 1962 4 Feb 1962 - 3 Feb 1963 The Water Cow The Wood Tiger 4 Feb 1973 - 3 Feb 1974 4 Feb 1974 - 3 Feb 1975 Dice indicates fortune potential Dice indicates fortune potential of birth-year element for 2014, Health ealth Health ealth of birth-year element for 2014, with No.1 being most promising. How ‘ow’, down Cows? They’re Moola looksW more hard scrabble Tiger, Tiger, burning bright - but ‘Leaps andW bounds’ pretty much with No.1 being most promising. the two to watch for this year: than rich harvest - a moo-sance, not the candle and defi nitely not covers it - heading north. Still, dull aches and an even duller but hornestly the smartest way both ends. Most cats are masters here are thoughts for paws: All mooodimess. Yet both are easily to the greens may be through of chill; some are timebombs atic manner of charlatan seems to KO-ed, Kows. Give ’em the old defence . . . or the gate. Don’t with tension. You? Sort it soonest. have hitched a ride on the Horse. 牛 1, 2, 3: top chews; long snooze; count on windfalls, though they Money in the bank if you do; And there’s much to be said for 虎 Zodiac character and a run around the paddock. are on the cuds. Calf your luck! there’s no chapter 11 for health. fundamentals in any weather. Zodiac character

Money direction a a Money direction Love herdsLo -v ande yet it lifts us up. Open heartC isr eether way to go - If you’reL ono vthee prowl for ‘the You’re onC suchree a rollr and are so Money It’s a dilemma on whose horns not the surgery (although not to One’, June looks your best bet, purrsuasive anyway, you could Money month JAN so many of us are periodically be ruled out); the magnanimity. though we wouldn’t put much on probably turn up to work every month JAN Money impaled. If quantity rather than Your outlook here is clear, but it. Never quite ‘got’ the singles- day cata-vodka-and-tonic and Money numbers quality is your thing, you may pygmies abound. Peers them off minded blind pursuit. After all, still take home the lion’s share numbers 2 8 well be in for an empurpled with politeness; crush ’em with go gently or rage, you leave in of the toss-us-a-bonus pool. Far 3 8 patch. Not really ‘love’, is it? kindness; they will kowtow yet! the same company as you came. better to earn your stripes, eh?

Ahead Ahead Best friends forever Middlin’ Middlin’ Best friends forever { Secret ally: The Rat } Charting your Horse course Behind Charting your Horse course Behind { Secret ally: The Pig } AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Determined Charming ~ Confident Dependable Courageous ~ Kind Hard-working Never-say-die Honest ~ Sincere Self-reliant ~ Strong THE DARK SIDE THE DARK SIDE Apathetic ~ Dull Aggressive ~ Arrogant Narrow-minded Broody ~ Cocky Obstinate Reckless ~ Selfish Passive-aggressive Unsociable ~ Vain

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ZODIAC ZODIAC QUARTILE QUARTILE S’NORT SO HOT REIN AT TIMES The Executive summary: Bounder get better 04 The Executive summary: It’s soar right FORTUNE FORTUNE abbit RANK Dragon RANK ‘Caprice’R is the word, Not-so-hot Cross Bunnies Ride month MAY ‘Wheeze’ is the word, Smoke Folk - as in ‘dumb Ride month MAR - as in ‘Capri’s nice, but Nice is no Capri’; as Slide month JUL of the crowd’; as in ‘dharma of Guatama’. It can Slide month FEB The The Fire Rabbit in ‘the cat burglar was sent to ca’prison for the Horse-spicious dates naught be bought, but perhaps can be taught; Horse-spicious dates Earth Dragon 4 Feb 1987 - 3 Feb 1988 purr of her unnatural nine lives’. Caprice lies at FEB 20 ~ AUG 07 & 31 ~ FEB 03 supply seems ever short, yet is it really so keenly DEC 16 & 28 ~ JAN 21 ~ FEB 02 4 Feb 1988 - 3 Feb 1989 The Earth Rabbit the cold black heart of any fortune forecasting. Unsaddled dates sought? We have our dorrrts. Wisdom, eh? Seems Unsaddled dates The Metal Dragon 5 Feb 1939 - 4 Feb 1940 Which may explain why they’re always so vagary. FEB 19 ~ MAR 15 & 27 ~ AUG 06 it isn’t a bad year for Dragons to bag a bit of it. APR 09 ~ MAY 03 ~ OCT 18 5 Feb 1940 - 3 Feb 1941 4 Feb 1999 - 3 Feb 2000 4 Feb 2000 - 3 Feb 2001 The Metal Rabbit Rabbit folk of note: David Beckham, Albert Einstein, Jet Li, Orson Welles Dragon folk of note: Deng Xiaoping, Sigmund Freud, Bruce Lee, Jack Ma Yun* The Water Dragon 4 Feb 1951 - 4 Feb 1952 * What fate awaits Alibaba’s genie? See page 29 5 Feb 1952 - 3 Feb 1953 4 Feb 2011 - 3 Feb 2012 4 Feb 2012 - 3 Feb 2013 The Water Rabbit Twelve months in four easy pieces Twelve months in our eas ieces The Wood Dragon 4 Feb 1963 - 4 Feb 1964 5 Feb 1964 - 3 Feb 1965 The Wood Rabbit The Fire Dragon 4 Feb 1975 - 4 Feb 1976 5 Feb 1976 - 3 Feb 1977 Dice indicates fortune potential Dice indicates fortune potential of birth-year element for 2014, Health ealth Health ealth of birth-year element for 2014, with No.1 being most promising. Up for rabbit of a challenge? Hop Buck or Wdoe, you’d warrent Rabs You know how little kids can be We’re notW saying it will be good; with No.1 being most promising. so because the supply is on the as certs for coining it. And you sometimes? Whiny, annoying . . . but we’re certainly not saying the high side. You’re looking good have the ol’ bounce-back knack. that’s how your health looks for opposite. Indeed, in the unlikely still, Buns, inside and out. Only It’s the outgoings that may catch this year. Which really is no big event that we’re saying anything two areas that may be in doubt: you out. Waste not on whatnots. drama. Just treat it the same way it’s probably just that your wealth 兔 get a reading on your bleeding; Bounce of prevention is worth a you would . . . er, no, that would looks uneven. We’d tell you how 龍 Zodiac character and avoid any hoperations. pound or more. Or so we hare. require ambulance and police. to fi x it, but we’ve run out of . . . Zodiac character

Money direction a a Money direction Three canL obev ae crowd and some Don’t laugh,C rbutee haver you ever The moonLo inv Junee is your wing- If it’s scaleable,C ree it’sr saleable. Not Money folk certainly should never be thought of giving ‘humble’ a go? man, Single Scale-trailers. So salt sure if that helps at all. If your Money month MAY obscene in a throng, but three’s Didn’t think so. We mention it away as many Zzz as you can in job involves travel or trade, well month MAR Money not be sneezed at. However, we only because it’s quite likely your May, eh? No matter what your half your luck. Personally, we’re Money numbers are required to offi cially advise unwarranted arrogance will undo current status, your happiness is all ears for anything that entails numbers 3 4 that ambles in the brambles along all your hard work. So, major in your hands. Serves you right navel and paid - as in being the 4 5 those lines are out of bounders. stumble or small slice of humble? if you ‘forgot’ to wash them. latter lots for gazing at our former.

Ahead Ahead Best friends forever Middlin’ Middlin’ Best friends forever { Secret ally: The Dog } Charting your Horse course Behind Charting your Horse course Behind { Secret ally: The Rooster } AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan AT YOUR BEST Affectionate Awesome ~ Confident Attractive ~ Ambitious Cool ~ Eccentric Clever ~ Clear-headed Energetic ~ Enterprising Insightful ~ Intuitive Fearless ~ Passionate THE DARK SIDE THE DARK SIDE Affected ~ Bumptious Childish ~ Conceited Foolhardy ~ Flippant Drama Diva ~ Eccentric Irresponsible Self-aggrandising Scheming ~ Smug Stubborn ~ Unfaithful

24 25 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 YEARSIGN-BY-SIGN OF THE WOOD HORSE ZODIAC CLSA FENG SHUI GUIDE INDEX 2014 FORTUNES OF A FEW FAMOUS FACES CLSA FENG SHUI INDEX 2014

ZODIAC QUARTILE It is written The superior man he BIT OF ALL RIDE understands T Executive summary: How d’ya like them apples? 02 what is right; the inferior FORTUNE RANK man understands Snake Janet Yellen what will sell. ‘Knees’ is the word, Charm Chums - as in ‘what Ride month AUG Chair Apparent, US Federal Reserve Board sssay we ssslip out for a knees-up’; as in ‘ahh . . . Slide month MAY The Earth Snake well, let’sss jussst sssync sssome hisss and get Horse-spicious dates Mulch has been written about Ben Bernanke’s 4 Feb 1989 - 3 Feb 1990 leglesss’. Breath easy, Sibilants, there’s lots to cheer JUN 06, 18 & 30 ~ DEC 15 & 27 chair apparent, but we’d wager you’ve not read this The Metal Snake this year. After all, you’ve not only got rid of His Unsaddled dates before: Janet Yellen’s wu xing are mouth-watering. 4 Feb 1941 - 3 Feb 1942 Vexcellency,* you’re actually due a decent trot. MAY 04 & 16 ~ JUN 21 ~ JAN 11 Which is reassuring (in case you were wondering). Fire Dog *

4 Feb 2001 - 3 Feb 2002 in Tai Snake the The opposed Sui, who Wu xing refers to the fi ve elementary energies - a Born: 13 August 1946 The Water Snake Snake folk of note: Charles Darwin, Gong Li, Mao Zedong, Pablo Picasso, Qu Yuan sort of feng shui DNA. The closer they cluster, the GRRREAT YEAR 4 Feb 1953 - 3 Feb 1954 better. Yellen’s weightings look pure Goldilocks: Day Master* 4 Feb 2013 - 3 Feb 2014 a ‘just right’ balance of safe, sensible, sure and Yin Earth (Ji) It shall be The Wood Snake steady, with enough off-kilter to keep it real. Her Ricky Wong snubbed Twelve months in four easy pieces Fire Dog fortune chart’s ears have pricked up of yet again after HK 4 Feb 1965 - 3 Feb 1966 government reopens The Fire Snake late, with the expectation of some big-time tail- applications for one 4 Feb 1977 - 3 Feb 1978 wagging all next year. Sure, any dumb Mutt should more free-to-air licence Dice indicates fortune potential do well, but the Fire breed leads the packing order. - and promptly awards of birth-year element for 2014, Health ealth 2013 it to CLSA TV. with No. being most promising. At times, we swear, you’re likely Your moneyW sphere looks rather Not that it will be a walk in the park: September

1 page . See to be in such rude good health smashing, Sliders - even more so threatens to seriously stress-test Yellen’s mettle and it verges on insulting. You’re also in terms of return on your outlay. cool, while the fi nal month feels exhausting. But

susceptible to slipping into self- Earnings look steady; windfalls 14 overcoming challenges is part of what makes a to fi fi who’sof line his and in is now he where out nd for re pitying periods replete with risible are plenty. Two-pronged strategy good year grrreat. And Yellen’s charts inspire con- 蛇 aches and pains. Luckily, laughter will uncover caches of cliches: fi dence. We only wish the Sheep that takes over Zodiac character really is the best medicine. low-hanging fruit’s no less juicy. in 2015 didn’t look like such a bah-humbagger.

‘Peak oil’ will be reached this year. Meanwhile, we see average price for Brent Money direction o a just holding its head A little lessL ‘effv eit’ and a little more Getting Ctheirr justee rdesserts leaves above US$100/bbl. Money effort can make all the difference. many feeling they’ve been given Shi zo be month AUG Which is to say little more than short shrift. Luckily, life isn’t fair, n AJapanese Prime Minister Money what must matter most is mind. so such even-handedness is rare. Or as Bill the buddhist bard put No need to excel to do well this If the Hi-ho that gets to set the course of the bourse numbers 2014 4 6 it: ‘There is nothing either good year - simply make no mistakes, next year has even half the fi re power of the Wood . or bad but thinking makes it so.’ Snakes, and up the adder you go. Horse that ignited Japan’s markets in 2013, it will be a ride to remember. Japan’s Horse, of course, Wood Horse was Shinzo ‘Three Arrows’ Abe, who must be one Born: 21 September 1954 Year of Horse trends: Ahead GOOD, HARD RIDE halternecks; wild oats; Best friends forever Middlin’ of the few leaders of a major developed econ- * Horsehead Nebula; { Secret ally: The Monkey } a t Behind omy to have enlisted feng shui in support of his Day Master gelding the filly; Ch r ing your Horse course policies. [Promising his radical revivalism would Yang Metal (Geng) saddle-ites; gallop polls; AT YOUR BEST Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan deliver change as profound as the Snake’s skin- foallen idols; Adept ~ Charismatic shedding was probably an understatement.] Even canterlevers; Conservative ~ Healing stable returns; filly if we’d checked Abe’s charts ahead of time, we mignon; horstentatious Intuitive ~ Pragmatic doubt we’d have foreseen his triumphant return. Shrewd ~ Transforming displays; and all But the infl uences and ascribed traits they suggest manner of horse from are certainly in keeping with his performance. We clothes to hobby and THE DARK SIDE even grass-mud. Cold ~ Cruel ~ Cunning rate this a ‘rein at times’ year for Nags, but Abe has Lazy ~ Manipulative enough giddyup to earn a ‘good, hard ride’. It will Mendacious ~ Secretive be tough, at times, especially during the fi nal six Selfish ~ Vain ~ Vengeful months, and it won’t come cheap. Yet the PM’s * The heavenly stem of your greatest challenge and danger may well be the fortune chart’s birth day pillar, 26 Wood Horse in his mirror: himself. said to reveal your true nature 27 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 FORTUNES OF A FEW FAMOUS FACES CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written It is written With true friends, You want your horse even water to look good, drunk together but you also want is sweet enough. Y p - ack a Yu it not to eat grass. i WMusicing Director,sie HK Sinfonietta J Founder M and chairman,n Alibaba

We don’t know about you, but we’ve only got to Jack Ma fervently believes small is beautiful. Yes, hear Yip Wing-sie’s name and we start tapping the same Jack Ma who’s preparing to float his our feet and going: ‘Tum-tiddle-tum-de-tah.’ Even Alibaba group in what will be one of the most Metal Rat at such a remove, she works on us like some sort humungous IPOs ever. Ma has no trouble reconcil- Wood Dragon Born: 05 October 1960 of Pavlovian belle (note-perfect, of course), so we ing such contradictions. But then he is a Dragon. Born: 10 September 1964 STACCATO PASSAGES can’t begin to imagine the buzz of playing in the Here’s another (and they’re not hard to find): Ma is TIDAL FIGHT Day Master* Sinfonietta that’s been under the spell of her baton worth about US$3.5bn, yet his charts suggest the Day Master* It shall be Yang Fire (Bing) since the Water Horse of 2002. Yip is pretty much savings of a struggling English teacher. Ma’s success Yang Water (Ren) It shall be China accelerates how we imagine appassionato personified, with is extraordinary; and his management style seems Following the success its lebensmoonraum just enough allegrezza. Not that we expected to uncommonly sensible. He’s driven by a clear vision of e-cigarettes come policy by announcing e-alcohol (liver and plans for permanently see much when we sat down to look at her charts, - and, increasingly, guided by a strong conscience. brain cells left intact; manned lunar station given the rather gnaw-sious Rat outlook for 2014. So we’d be happy to report that the float will be feel great next day); and implementation But while it won’t be the easiest passage Yip has wildly successful (in its own “small” way) and will and e-sex (no STDs; of space defence ever had to play, she seems singularly well suited be in Hong Kong (with CLSA as lead book­runner, of no headaches; no effort identification zone required; no fun really). above three-quarters to discovering the Beethoven’s Ninth amid the course). Instead, we see a sea of troubles that puts of lunar surface. most lamentable dirge. Patience is the key, espe- us in mind of the Odyssey - though you couldn’t cially when it’s F# minor, and July and December ask for better than Ma’s Wood-Water combina- threaten to be particularly pizzicato. Encouragingly, tion at the helm. After all, a man who can steer a this may be the year for Yip to focus on some of her supertanker as if it were a jetski is going to have more innovative interests. Over to you, Maestro! no trouble with a mere Scylla and Charybdis. New trojan-horse virus, HeLL-N, arrives embedded with many layers and attaches itself to the first bit of One of Hong Kong’s Flash it finds; as both best known and richest disappear it opens tycoons to get hitched hundreds of Youtube to filly 30 years younger. Rio de Janeiro Fan Bingbing videos of ‘bloopers’ Host of Fifa World Cup Final China’s most powerful celebrity and ‘fails’ - or as an internet-security Who knew Rio was known for so much? There’s Depending on where you put your tongue, “bing” expert describes it: Copacabana; Giant Jesus; that T&T&Y&L Girl from in Chinese can be anything from ice to an almighty ‘This is the phase that launches a Ipenema; dental-floss bikinis; Sugarloaf; Carnaval; blaze (such as the zodiac’s yang-fire third heavenly thousand slips.’ Wood Cow samba; hillside favelas (slums); drug gangs; vegan- stem). Put a “fan” in front of a brace of bings then Metal Rooster Born: 01 March 1565 hell churrascarias; Portuguese tarts; pastries - and and you might expect a red-hot big noise and lots Born: 16 September 1981 RIOOOOWN GOAL? one of the most gutting, final-minutes defeats in of sparks. Meet Fan Bingbing. Barely 32, the lux- CHALLENGING ROLE Virgin Galactic’s Day Master* World Cup futebol, when Who?-raguay humbled label pinup is China’s most powerful celebrity Day Master* first commercial flight Yang Earth (Wu) Brazil in 1950. The quadrenniel pitch battle of the (Forbes) and may be the world’s top-dollar actress. Yin Fire (Ding) delayed yet again - ‘beautiful game’ returns to the ‘marvellous city’ mid- But it’s her chart, not her art, that has us transfixed. by bug that repeatedly sends luggage to Outer year, with the final in the same (rebuilt) Maracanã It’s feng shui full-metal jacket: twin Fire flashes Although initial reports Mongolia. Meanwhile, stadium. It will be a good test ahead of the 2016 (albeit soft yin) encased in Metal, with a whet- are muted, the year Ladbrokes begins Olympics. How’s it looking? Much as you’d expect ted wick. It surely suggests some serious psychic eventually will be taking bets on which from the charts: a little too chaotic for comfort, but tension. More awe to Fan if she’s tamed it (and seen as a milestone celebrity passengers will in development of be inaugural members definitely moving forward. As a Wood Cow, Rio’s she rates her life a perfect 10). Two trials threaten, teleportation and of the 62-Mile High Club. people relationships can quickly turn nasty. Quiet though laser-focus Fan is probably immune to the quantum computing. conciliation is advised - rather than using teargas first: a “bird flu” of ennui set to sap many a Rooster’s and rubber bullets against people protesting hefty snap. But treachery is a horse of a different coat fare rises. Like any great sporting drama, this one and the risk is that a cabal of ‘friends’ lays a trap * The heavenly stem of your * The heavenly stem of your fortune chart’s birth day pillar, will go to the wire. Certain disaster is averted with primed with humiliation. Look to Sun Tzu: Double- fortune chart’s birth day pillar, 28 said to reveal your true nature external support. Hand of God, perhaps? doublecross and give ’em both BB barrels! said to reveal your true nature 29 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications CLSA FENG SHUI INDEX 2014 SPIRIT-LEVELLED PROPERTY GUIDE CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE CLSA FENG SHUI INDEX 2014

It is written Try to save PLOT YOUR COURSE For more of a fun fundam-elemental HONG KONG ISLAND the dead horse With the help of our assessment of the OUTLOOK as if it is still alive. qi-ful Property team, property market, OUTLOOK BUCKER OUTLOOK we highlight one or two hancing qi to cheek qi see page 13 NIGHTMARE NIGHTMARE hotspots in each of the y Cocation! Location! Location! All very well if you’re talking about a static situation, For more on the Sheung Wan Fortress Hill Quarry Bay sectors that should be situation, situation. But once you start applying feng shui to your real estate (and characteristics of worth watching during L the Flying Stars, Tai Koo Shing this Year of the Horse. you’d be mad not to), it’s more a matter of rotation, rotation, rotation. see centrespread Kennedy Town Nth Wan Chai 7 Shau Kei Wan That’s basically what the Flying Stars or energy phases do: move from one of the For more on the Heng Fa year’s three key Mount Davis Tai Hang nine compass sectors to another in a fairly orderly, predictable manner, bringing with heavenly horrors, Happy Valley Chuen see page 14 Pok Fu Lam Siu Sai Wan NORTHWEST them all their baggage, be it benevolent, malevolent or nonevent. 1 NIGHTMARE What makes tracking them tricky is that clusters move at different speeds, from OUTLOOK OUTLOOK S’NORT BAD NIGHTMARE Overall Long Ping; sub-glacial behemoths that take one step every 20 years to annual gliders, monthly OUTLOOK Yuen Long Aberdeen ’ SUCKIEST S NORT BAD Island Kennedy Town; movers, all the way up to whirling dervishes that can barely keep still for a minute. Sheung Wan But fret nyet. As ever and always, we’ve done the heavy-lifting, leaving you to enjoy Repulse It shall be the view - though it’s not the best this year. Indeed, we haven’t awarded the coveted Bay Shek O Secret coalition of WEST

SUPER-EST Western nations begins 2 S’NORT BAD “Go you good thing!” top rank to any sector. “S’nort bad” is as good as it gets - which OUTLOOK Overall Lung Kwu Super-Suckometer S’NORT BAD dismantling China’s is pretty much the underwhelmed and Underweight view of our Property team. ranks each sector OUTLOOK Great Firewall Tan; Tuen Mun (see main map): S’NORT BAD Island Aberdeen; Shame to see the Great Game that was Hong Kong’s real estate market shut down the more colour (reputedly the only Mount Davis; - and by a chap who was a dab hand! To paraphrase Shaw’s serpent to Eve: ‘You see on the bar, the less manmade structure rosy the outlook. Pok Fu Lam things as they are and CY. I see what could have been and CY not.’ visible from cyberspace). SOUTHWEST 3 S’NORT BAD Overall Tai O; Tung Chung NORTHWEST NORTH NORTHEAST Island Home element: Sheung Shui Home element: Home element: We drew a blank METAL WATER EARTH Annual star: Annual star: Annual star: #5 # # SOUTH EARTH FIRE 9 METAL 7 Zodiac signs: Zodiac sign: Zodiac signs: 4 S’NORT BAD DOG NW1 RAT N2 COW NE1 PIG NW Overall Peng Chau 3 So, Tai Sui in front of TIGER NE3 Island Repulse Bay Not recommended, you; Three Killings at Robbery? Break- unless you’re the your back . . . hmm, and-enter? Arson? strong silent type - good luck with that! Swindle? All this SOUTHEAST and even then . . . Kam Tin can be yours . . . 5 BUCKER Long Ping BUCKER Overall Lohas Park NIGHTMARE Yuen Long NIGHTMARE Island Shek O Sai Sha EAST Tony Blair is back in 6 NIGHTMARE the News in a big way. Overall Clearwater WEST Lung Kwu Tan CENTRE EAST Bay; Tseung Kwan O Home element: Tuen Mun Home element: Home element: Island Heng Fa Chuen; METAL EARTH WOOD Annual star: Annual star: Annual star: Siu Sai Wan # # METAL 6 WOOD 4 EARTH #2 Zodiac sign: Zodiac signs: Zodiac sign: NORTHEAST ROOSTER W2 ALL AFFECTED RABBIT E2 7 NIGHTMARE Find just what you So romantic, but Illness Star: Beware Overall Sai Sha like, then look for don’t aim to put the likes of concrete one even better. down roots - they’re cancer, dry rot, rust, Island Quarry Bay; Rich uncle is paying! not likely to hold. Shau Kei Wan; mould; collapse . . . ’ ’ Tseung Kwan O Tai Koo Shing S NORT BAD S NORT BAD Kwun Tong NIGHTMARE Clearwater Bay NORTH West Kowloon 8 BUCKER Lohas Park Overall Kam Tin; Tung Chung Peng Chau Sheung Shui Island Fortress Hill; SOUTH-WEST SOUTH SOUTHEAST North Wan Chai Home element: Home element: Home element: EARTH FIRE WOOD Australia reinstates Annual star: Annual star: Annual star: # Tai O # shark cull. Must use all CENTRE WATER 1 EARTH 8 WOOD #3 parts. Shark fin back 9 S’NORT BAD Zodiac signs: Zodiac sign: Zodiac signs: Overall Kwun Tong; SHEEP SW1 HORSE S2 DRAGON SE1 on Chinese menus. Shatin; Tsuen Wan; MONKEY SW3 Peachy and dandy SNAKE SE3 West Kowloon You should be so . . . but keep that Argue all you like, Kylie! With even quiet. In fact, don’t but Dispute Star is Island Happy half her energy! make any noise. here for the year. Valley; Tai Hang Not here you won’t. Care with contracts. S’NORT BAD S’NORT BAD BUCKER 30 31 CLSA FENG SHUI INDEX 2014 CLSA FENG SHUI INDEX 2014 Corporate Communications 2014年里昂证券风水指数 DIRECTION-CORRECTIONS 明 辨 方 位 CLSA FENG SHUI INDEX 2014

Mariana Kou ore than once, we’ve offered to give our right arm for a one- 高颂妍 CENTRE 正中 Marmed sifu. Which is not as generous a gesture as it may Love Star rolling around in sound. (In fact we’re rather attached to our limbs.) Rather, it’s Earth? Sounds dirty. Add intended to convey our frustration with feng shui shilly-shallying. a splash of Water if that floats your boat. Or a bit Rare is the Master who doesn’t fireproof his forecasts with caveat 地阴阳造化之理，谓之风水之术。浩瀚玄妙的风水世界，驳杂深奥， of bamboodle-canoodle. exemptors, catch-alls and assorted escape clauses or use language Emily Lam 属木的姻缘星飞临属土 so obscure and amenable to multi-misinterpretation as to make the 天古往今来多少大师，穷其一生，亦未能轻言参透。 林恬儿 中 宫 ，看 似 和 谐 ，实 则 不 Delphic Oracles read like precise mathematical formulae. 万物盛衰、充满变量。幸悟得其道者，恪于天律有禁而珍秘其术，纵洞悉 然。可备一杯清水，或水 天机，却赋之以艰涩复杂的文字，言左而顾右，令人如读天书、难以识鉴。 生盆栽。 But who can blame them? ‘On the other hand’ is so intrinsic to feng shui it’s probably one of the first things taught in sifu school. 然 存 在 即 合 理 ，万 事 皆 有 因 。 Indeed it’s a wonder most get by with just the two hands. 经曰：气乘风则散，界水则止，聚之使不散，行之使不止，故谓之风水。大 象无形，上善若水，风水之术本就是一门灵动的学问，意不在细节，核心在变。 Details aren’t really feng shui’s forte. It’s never going to tell you Jackson Hui what your boss will be wearing on, say, Wednesday, 13 August 风水亦非意在搬窃天机、夺造化之秘，令人无所不知。而是助人趋吉避凶、顺 许立贤 NORTHWEST 西北 2014 - but it can tell you if it’s worth going to work that day. And 势 而 为 ，配 无 形 于 大 象 ，化 万 物 于 氛 氲 。 Of all the gin joints in all the which would you rather know? 因此，本页的方位能量流综述将摒弃奇玄繁冗的风水术语，以简洁明晰为 towns in all the world . . . we Similarly, the lack of specifics on this page shouldn’t detract from 宗旨，务求令看官轻松识别四正四隅的八方气场，自然对影响福祸吉凶的能 can’t think of a better place for Dr Evil. Metal of the NW its usefulness as a rough-and-ready handy reckoner to 量了然于心，轻松领略“凡事预则立”的古老智慧。 will drain it. Add more! help you navigate the year’s energy flows. 最后，不变的是我们一如既往的诚挚祝福， “世界上有那么多的城 Forewarned is four-armed, as they H 正 在甲午年的木马扬蹄而至的此刻，谨 市，城市中有那么多的酒 ORT 9 北 NORTH 正北 say. On the other hand . . . N bout up-an 愿 各 位 马 到 成 功 、大 吉 大 利 、 Fiery, excitable #9 doused, 馆 ，而 她 却 偏 偏 走 进 了 我 ots to like a d-coming Kung hei fat choi! ere’s l ernment Fortun N 恭 喜 发 财！ as the Killer Trio look on. 的。”如果硬要为大灾星 Th # ough disc isn’t am e O r 9, th ong the R May need more than Metal 找个落脚点，也许属金的 he Sta cub unaware of its stre m. T 北 ut t a lion ngth, it Be H chimes to make this work. 西 北 正 是 答 案 。金 能 望 化 , b ve Like nthly star that ch will ho EA 西 list ; Fi any mo ances a or ld, Plenty of red won’t hurt. 解属土五黄的煞气。多添 ed ers help o do long. de an th ST nt go 14) ’s as likely t uble the w m y o e V 金属有备无患。 a o- e us, it # indfa on f i 九紫右弼星的热情火焰 -w g ag Th n a 2 flu into lls (p s d th ole st bin e p uit. # 6 as tur a plag oo og e R n 被三煞浇熄。或许仅凭金 o o se irc of ue. r p th a t S 7 5 l m ’ t - c t - o e t, ta 钟之力还无法令一切归 ia e se rty ors . 众多人见人爱的特 in tty w B r st liv i a w se 星具有 质，但 d in t re ra . N WEST 正西 T e a rw p e clo 紫右弼 好眼 ef flic ra t t o 东 于 平 顺 。多 添 几 抹 红 色 未 S el n he e th n 九 它就像一头少不 光 ea ti in ch o , We don’t hold with all that c a t th r ve 中之一。 更事、蛮 t ng in e r n E e m o n ea e ， 非其 劲十 瞧 by g d Fr o 尝不可。 h ‘ g, o F ot 星 绝 何到访的流 ， r fin , S a t 北 double-crisscrossed swords W t ( n r ? n 颗 狮，对任 月飞星都 七 iv a p ta t O s # 5 a la st e 一 名 的幼 会施 赤 a n er r P J H p r u a ’r 的 恶 足 后可能 会 破 ls ci h # a S caper - this is money versus o W p e u 播 彰 。因此最 令六白星 让 军 a a a 7 c im T t ta u o b yo 远 昭 运 援手 带来 它 人 n l p , k ly S p e 者 以 会 好 星 d lo s w s p money. S’nort wrong with R W h d 名 的 轻 倍，也可能将二 欣 过 ！ p s ). e . s e e r ly t n 声 打 ， 煞 财翻 黑星传 然 这 u se I W o in n t s a 喊 临 颗 的横 染 甚 让 。 s t k n that. Water is sure to boost. O t u o c i t 最 飞 这 至 破 位 re , d n h u t a d i 中 人 说 ， 病菌发散为一场瘟 毫 你 老 t e o a , r w x 星 算 感冒 疫。 无 破 军 v h N o o o e a le 星 人 灾 要 的 者 兄 i e li w t r f ll b b 其 。 打 理 财 o f g t is ’t 九 黄 祸 坏 是 ， 可 le t h n I e u 于 过 由 、 , o Y n w o 是 五 灾 最 遭 肃 绝 n t M is o 出 。 想 不 地 c s t 东北 d 该 ) 致 也 野 窃 杀 e NORTHEAST H 是 试 对 n 应 页 招 ？ — 。 、 也 . e 却 4 已 蛮 不 P Mirror of the NW, hopefully 黄 1 者 大 倍 败 ， h 而 bblers wh 破 l t 惜 第 重 多 cri ose m a . 五 一 头 s c 北 with the same star-sapping t s ， g le 坏 b g r s 可 见 有 大 零 lin a o e 滞 nd ha-h v 。 ， u u e p o a a e m y y 详 力 放 的 o els rd - t v p l r r i e result. Add Fire & Water to i ( 晦 d u e h E r l e 威 其 力 a s e e t e , a r l rds. Am in h 气 a a p I p a e v 星 将 威 o n w bid t n t 瘟 be sure. Hmm, Firewater . . . t e f A e h v i A o 此 i ’ s d o x x e s s t e l ! 其 t e d e h 再 k w e s 六白金星飞临同属金的西 S rs 疫 s f 西 ) e t h 它 a t o r r L e e f e 道 t o t g g s o S d w w o 它 o i i m a 西北的镜像，希望也能同样 a s 、 m s o a o u o n ， a e t r l o 缠 g i 。 s e 。 e T e p v r m h - 偷 既 c 方，两金相遇，刀光剑影？ s B i p 疾 d s sta t ？ h l r n d R i t h g l s r 此 n . a l h 了 顾 o 上 o e s T o c h i t ’ g a u o l 消化负能量。添火加水不可 h o 鼓 偷 t # 能 c l r e s 4 病 e s o 正 d e p a 长 t m r e l f 福 r 瘟 n a e w ， s 眷 o 非 也 。不 过 是 金 钱 较 量 。 f h n w r d a p fe y 点 在 在 a o r li r , 、 t w o f s , t e e 专 o a 再 I d a r h n c o ！ i 君 y 少 ，没 错 ，水 火 交 融 … … a l l f b g 有 d i p a p c 妙 伤 t f e s l t 你 t a d n 刺 全 e n v o n o t s u a e l 清水若干可助推好运。 n e i n 之 S ? d 健 l 伙 s t t c 看 y e i n h 者 e u r g s 痛 e 美 s o u 光 o 挠 世 i e l t

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U 插图：乔恩 伯克利 it’s that ! Pile up Metal; T Placate the ol’ partypooper Illustration: Jon Berkeley 南 · 3 H with a pair of pi yao pups. Translation: Elyse Li; Judy Wang 正 翻译：王 明 静 、李 韵 light a Fire - that should see the Dispute Star tire. 属土的八白大吉星驾临属 Editorial: Liz Patterson; Guy Green; Fiona Shiu 编辑：丽姿·柏特森；盖伊·格 林 ；萧 慎 之 双木成林？听起来很美。 火 之 地 正 南 ，本 应 是 天 雷 Production support: Editorial support: 勾地火、大富大贵、华丽 编辑后援团： 排版后援团： 你 反 对 ？这 是 三 碧 禄 存 星 Ellen Lo with Christina Chan; Jeremy Brimble; 陈汶欣、卢淑贤、何嘉仪、 丽 、火 辣 辣 。无 奈 太 岁 坐 Gloria Ho; Stephanie Lo; Judy Cheng; Jeremy Halden; 杰瑞米·布 莱 姆 博 、郑 宛 仪 、 在作怪。堆起金山，点亮 镇，惊扰不得。一对貔貅 William Poon; Felix Wong Rebecca Taylor; Wai-Land Tai 杰瑞米·哈 尔 登 、丽 贝 卡 ·泰 勒 、戴 伟 伦 卢 宛 诗 、潘 尉 光 、黄 国 斌 篝火，或许能让爱逞口舌 可保安宁。 是非的大神闭口不言。

2014 年里昂证券风水指数 CLSA FENG SHUI INDEX 2014 YEAR OF THE WOOD HORSE 甲 午 马 年 2014 年里昂证券风水指数 CLSA FENG SHUI INDEX 2014 香港证券及期货事务监察委员会要求披露里昂证券所研究，而又在香港证券交易所上市的公司之间存在的某些关系及利 The Hong Kong Securities and Futures Commission requires disclosure of certain relationships and interests with respect to companies covered 益 往 来 。具 体 内 容 请 查 阅 网 站 www.clsa.com/member/research_disclosures/。重要提示：本报告的内容应与免责声明结合阅读并 in CLSA’s research reports and the securities of which are listed on The Stock Exchange of Hong Kong Limited and such details are available at www.clsa.com/member/research_disclosures/. Important: The content of this report is subject to and should be read in conjunction with the 受免责声明和 www.clsa.com/disclaimer.html 网站上公布的里昂证券法律及规管通知所约束。上述通知的副本可向里昂证券 32 disclaimer and CLSA’s Legal and Regulatory Notices as set out at www.clsa.com/disclaimer.html, a hard copy of which may be obtained on 出版部或里昂证券监察部索取。地址：香港金钟道八十八号太古广场一期十八楼。联系电话 : (852) 2600 8888。 request from CLSA Publications or CLSA Compliance Group, 18/F, One Pacific Place,88 Queensway, Hong Kong, telephone (852) 2600 8888.

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