http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&sectorteam=fmcg UBS Research: Fast Moving Consumer Goods en Copyright (C) UBS 2008. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Mon, 6 Oct 2008 Mon, 6 Oct 2008 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif http://www.ubs.com 160 44 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50782|native|public Regions

• Denmark


• Europe Including UK


• Europe Ex. UK


• Global


• Nordic


• UBSW EMEA

Sectors

• Danish Distillers & Brewers


• European Distillers & Brewers


• European Ex. UK Distillers & Brewers


• Global Distillers & Brewers


• Danish Consumer, Non-Cyclical


• European Consumer, Non-Cyclical


• European Ex. UK Consumer, Non-Cyclical


• Global Consumer, Non-Cyclical


• Danish Food & Beverage


• European Food & Beverage


• European Ex. UK Food & Beverage


• Global Food & Beverage


• Danish Beverage


• European Beverage


• European Ex. UK Beverage


• Nordic Beverage


• Nordic Distillers & Brewers


• Nordic Food & Beverage


• Nordic Consumer, Non-Cyclical


• Global Beverage

Companies

• CARLb.CO Carlsberg

Subjects

• Company Update


• Morning Note

]]> Melissa Earlam CARLb.CO http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50782|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40972|native|public Regions

• Global


• Emerging Markets


• Asia


• Korea


• Asia Pacific


• Asia Pacific Ex. JP


• Asia Emerging

Sectors

• Global Distillers & Brewers


• Global Consumer, Non-Cyclical


• Global Food & Beverage


• Global Beverage


• Korean Distillers & Brewers


• Asian Distillers & Brewers


• Asian Consumer, Non-Cyclical


• Korean Consumer, Non-Cyclical


• Asian Food & Beverage


• Korean Food & Beverage


• Korean Beverage


• Asian Beverage


• Asian Pacific Beverage


• Asian Pacific Distillers & Brewers


• Asian Pacific Food & Beverage


• Asian Pacific Consumer, Non-Cyclical


• Asian Pacific Ex. JP Beverage


• Asian Pacific Ex. JP Distillers & Brewers


• Asian Pacific Ex. JP Food & Beverage


• Asian Pacific Ex. JP Consumer, Non-Cyclical


• Asia Emerging Beverage


• Asia Emerging Distillers & Brewers


• Asia Emerging Food & Beverage


• Asia Emerging Consumer, Non-Cyclical

Companies

• 103150.KS Hite Brewery

Subjects

• Company Update


• Morning Note

]]> Heather Lee 103150.KS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40972|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65275|native|public Regions

• Global

Sectors

• Global Food Retailers & Wholesalers


• Global Retailers, Broadline


• Global Household Products, Durable


• Global Household Products, Non-Durable


• Global Retailers, Specialty


• Global Retailers, Drug-Based


• Global Retailers, Apparel


• Global Consumer, Cyclical


• Global Household Products


• Global Consumer, Non-Cyclical


• Global Retail


• Global Non-Cyclical Goods & Services

]]> Neil Currie http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65275|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65249|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Consumer, Cyclical


• Global Consumer, Non-Cyclical


• Global Retail


• Americas Consumer, Cyclical


• Americas Consumer, Non-Cyclical


• Americas Retail


• US Consumer, Cyclical


• US Consumer, Non-Cyclical


• US Retail


• North American Consumer, Cyclical


• North American Consumer, Non-Cyclical


• North American Retail

Companies

• TAP.N Molson Coors


• ACV.N Alberto-Culver


• AVP.N Avon


• OMX.N OfficeMax


• BUD.N Anheuser-Busch


• CAG.N ConAgra


• CC.N Circuit City


• CL.N Colgate-Palmolive


• CLX.N Clorox


• CPB.N Campbell Soup


• TGT.N Target


• DRI.N Darden Restaurants


• GIS.N General Mills


• HAS.N Hasbro


• HD.N Home Depot


• HNZ.N Heinz


• HSY.N The Hershey Company


• K.N Kellogg


• KO.N Coca-Cola


• KR.N Kroger Co.


• LDG.N Longs Drug Stores


• LOW.N Lowe's Cos.


• MAT.N Mattel


• MCD.N McDonalds


• MO.N Altria Group


• PEP.N PepsiCo


• PG.N Procter & Gamble


• RAD.N Rite Aid


• SVU.N Supervalu


• SYY.N Sysco Corp.


• RSH.N RadioShack


• UST.N UST


• WAG.N Walgreen


• WEN.N Wendy's Intl.


• PAS.N PepsiAmericas


• WMT.N Wal-Mart


• CCE.N Coca-Cola Ent.


• EL.N Estée Lauder


• AZO.N AutoZone


• DF.N Dean Foods


• BBY.N Best Buy


• BJ.N BJ's Wholesale Club


• COST.O Costco


• KMX.N CarMax


• PIR.N Pier 1 Imports


• CVS.N CVS Caremark Corp.


• SPLS.O Staples


• SWY.N Safeway


• YUM.N Yum! Brands


• PBG.N Pepsi Bottling Group


• ODP.N Office Depot


• WFMI.O Whole Foods Market


• RAI.N Reynolds American


• BBBY.O Bed Bath & Beyond


• STZ.N Constellation


• COT.N Cott


• BFb.N Brown-Forman


• EAT.N Brinker Intl.


• SBUX.O Starbucks


• KFT.N Kraft Foods


• HOG.N Harley-Davidson


• LO.N Lorillard


• CHD.N Church & Dwight


• AAP.N Advance Auto Parts


• DKS.N Dick's Sporting Good


• ORLY.O O'Reilly Automotive


• PETM.O PETsMART


• BGFV.O Big 5


• LTM.N Life Time Fitness


• WSM.N Williams-Sonoma


• CPWM.O Cost Plus World Mrkt


• HAIN.O Hain Celestial Group


• BKC.N Burger King


• HGG.N hhgregg


• TA.A TravelCenters


• HANS.O Hansen Natural


• TSCO.O Tractor Supply


• PM.N Philip Morris Int'l


• DPS.N Dr Pepper Snapple

Subjects

• Change in Recommendation


• Company Update


• Industry Overview


• Morning Note

]]> Neil Currie TAP.N ACV.N AVP.N OMX.N BUD.N CAG.N CC.N CL.N CLX.N CPB.N TGT.N DRI.N GIS.N HAS.N HD.N HNZ.N HSY.N K.N KO.N KR.N LDG.N LOW.N MAT.N MCD.N MO.N PEP.N PG.N RAD.N SVU.N SYY.N RSH.N UST.N WAG.N WEN.N PAS.N WMT.N CCE.N EL.N AZO.N DF.N BBY.N BJ.N COST.O KMX.N PIR.N CVS.N SPLS.O SWY.N YUM.N PBG.N ODP.N WFMI.O RAI.N BBBY.O STZ.N COT.N BFb.N EAT.N SBUX.O KFT.N HOG.N LO.N CHD.N AAP.N DKS.N ORLY.O PETM.O BGFV.O LTM.N WSM.N CPWM.O HAIN.O BKC.N HGG.N TA.A HANS.O TSCO.O PM.N DPS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65249|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50796|native|public Regions

• Global


• Turkey


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Global Airlines


• Global Automobile Manufacturers


• Global Building Materials


• Global Banks


• Global Food Retailers & Wholesalers


• Global Industrial, Diversified


• Global Advanced Industrial Equipment


• Global Oil Companies, Secondary


• Global Real Estate


• Global Steel


• Turkish Airlines


• Turkish Automobile Manufacturers


• Turkish Building Materials


• Turkish Banks


• Turkish Food Retailers & Wholesalers


• Turkish Industrial, Diversified


• Turkish Advanced Industrial Equipment


• Turkish Oil Companies, Secondary


• Turkish Real Estate


• Turkish Steel


• Turkish Wireless Communications


• Turkish Distillers & Brewers


• Turkish Furnishings & Appliances


• Turkish Insurance, Full-Line


• Turkish Publishing


• EMEA Emerging Airlines


• EMEA Emerging Automobile Manufacturers


• EMEA Emerging Building Materials


• EMEA Emerging Banks


• EMEA Emerging Wireless Communications


• EMEA Emerging Distillers & Brewers


• EMEA Emerging Food Retailers & Wholesalers


• EMEA Emerging Furnishings & Appliances


• EMEA Emerging Industrial, Diversified


• EMEA Emerging Insurance, Full-Line


• EMEA Emerging Advanced Industrial Equipment


• EMEA Emerging Oil Companies, Secondary


• EMEA Emerging Publishing


• EMEA Emerging Real Estate


• EMEA Emerging Steel


• Global Wireless Communications


• Global Distillers & Brewers


• Global Furnishings & Appliances


• Global Insurance, Full-Line


• Global Publishing


• EMEA Emerging Basic Materials


• EMEA Emerging Consumer, Cyclical


• EMEA Emerging Energy


• EMEA Emerging Financial


• EMEA Emerging Home Construction & Furnishings


• EMEA Emerging Industrial


• EMEA Emerging Insurance


• EMEA Emerging Mining & Metals


• EMEA Emerging Consumer, Non-Cyclical


• EMEA Emerging Telecommunications


• EMEA Emerging Industrial Transportation


• Global Basic Materials


• Global Consumer, Cyclical


• Global Energy


• Global Financial


• Global Home Construction & Furnishings


• Global Industrial


• Global Insurance


• Global Mining & Metals


• Global Consumer, Non-Cyclical


• Global Telecommunications


• Global Industrial Transportation


• Turkish Basic Materials


• Turkish Consumer, Cyclical


• Turkish Energy


• Turkish Financial


• Turkish Home Construction & Furnishings


• Turkish Industrial


• Turkish Insurance


• Turkish Mining & Metals


• Turkish Consumer, Non-Cyclical


• Turkish Telecommunications


• Turkish Industrial Transportation


• EMEA Emerging Automobiles


• EMEA Emerging Basic Resources


• EMEA Emerging Cyclical Goods & Services


• EMEA Emerging Construction


• EMEA Emerging Food & Beverage


• EMEA Emerging Financial Services


• EMEA Emerging Industrial Goods & Services


• EMEA Emerging Media


• EMEA Emerging Non-Cyclical Goods & Services


• Global Automobiles


• Global Basic Resources


• Global Cyclical Goods & Services


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• Global Media


• Global Non-Cyclical Goods & Services


• Turkish Automobiles


• Turkish Basic Resources


• Turkish Cyclical Goods & Services


• Turkish Construction


• Turkish Food & Beverage


• Turkish Financial Services


• Turkish Industrial Goods & Services


• Turkish Media


• Turkish Non-Cyclical Goods & Services


• Turkish Banks, Ex-S&L


• Turkish Beverage


• Turkish Transportation Services


• EMEA Emerging Banks, Ex-S&L


• EMEA Emerging Beverage


• EMEA Emerging Transportation Services


• Global Banks, Ex-S&L


• Global Beverage


• Global Transportation Services


• Global Emerging Airlines


• Global Emerging Automobiles


• Global Emerging Automobile Manufacturers


• Global Emerging Basic Resources


• Global Emerging Banks, Ex-S&L


• Global Emerging Building Materials


• Global Emerging Banks


• Global Emerging Basic Materials


• Global Emerging Beverage


• Global Emerging Cyclical Goods & Services


• Global Emerging Construction


• Global Emerging Wireless Communications


• Global Emerging Consumer, Cyclical


• Global Emerging Distillers & Brewers


• Global Emerging Energy


• Global Emerging Food Retailers & Wholesalers


• Global Emerging Financial


• Global Emerging Food & Beverage


• Global Emerging Furnishings & Appliances


• Global Emerging Financial Services


• Global Emerging Home Construction & Furnishings


• Global Emerging Industrial, Diversified


• Global Emerging Industrial


• Global Emerging Industrial Goods & Services


• Global Emerging Insurance, Full-Line


• Global Emerging Insurance


• Global Emerging Advanced Industrial Equipment


• Global Emerging Media


• Global Emerging Mining & Metals


• Global Emerging Non-Cyclical Goods & Services


• Global Emerging Consumer, Non-Cyclical


• Global Emerging Oil Companies, Secondary


• Global Emerging Publishing


• Global Emerging Real Estate


• Global Emerging Steel


• Global Emerging Telecommunications


• Global Emerging Industrial Transportation


• Global Emerging Transportation Services

Companies

• AKBNK.IS Akbank


• ARCLK.IS Arcelik


• GARAN.IS Garanti


• MIGRS.IS Migros Turk


• FROTO.IS Ford Otosan


• EREGL.IS Erdemir


• AKCNS.IS Akcansa


• KCHOL.IS Koc Holding


• TUPRS.IS Tupras


• THYAO.IS Turkish Airlines


• YKBNK.IS YKB


• ISCTR.IS Is Bank


• SAHOL.IS Sabanci Holding


• SISE.IS Sisecam


• TOASO.IS Tofas Oto Fabrika


• AKGRT.IS Aksigorta


• ENKAI.IS ENKA


• DYHOL.IS Dogan Yayin Holding


• TKC.N Turkcell


• AEFES.IS Anadolu Efes


• VAKBN.IS Vakifbank


• ISGYO.IS Is REIT


• BIMAS.IS BIM


• TAVHL.IS TAV


• ASYAB.IS Bank Asya


• ALBRK.IS Albaraka

]]> Batuhan Ozsahin AKBNK.IS ARCLK.IS GARAN.IS MIGRS.IS FROTO.IS EREGL.IS AKCNS.IS KCHOL.IS TUPRS.IS THYAO.IS YKBNK.IS ISCTR.IS SAHOL.IS SISE.IS TOASO.IS AKGRT.IS ENKAI.IS DYHOL.IS TKC.N AEFES.IS VAKBN.IS ISGYO.IS BIMAS.IS TAVHL.IS ASYAB.IS ALBRK.IS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50796|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50780|native|public Regions

• Europe Including UK


• Global

Sectors

• European Consumer, Non-Cyclical


• Global Consumer, Non-Cyclical


• European Food & Beverage


• Global Food & Beverage


• European Beverage


• Global Beverage

Companies

• CARLb.CO Carlsberg


• HEIN.AS Heineken


• SAB.L SABMiller


• INTB.BR InBev

Subjects

• Company Update


• Industry Overview


• Morning Note

]]> Melissa Earlam CARLb.CO HEIN.AS SAB.L INTB.BR http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50780|native|public|20081006000000 Mon, 6 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65228|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Soft Drinks


• Global Consumer, Non-Cyclical


• Global Food & Beverage


• Global Beverage


• US Soft Drinks


• Americas Soft Drinks


• Americas Consumer, Non-Cyclical


• US Consumer, Non-Cyclical


• Americas Food & Beverage


• US Food & Beverage


• Americas Beverage


• US Beverage


• North American Beverage


• North American Food & Beverage


• North American Consumer, Non-Cyclical


• North American Soft Drinks

Companies

• BUD.N Anheuser-Busch


• KO.N Coca-Cola


• PBG.N Pepsi Bottling Group


• HANS.O Hansen Natural


• DPS.N Dr Pepper Snapple

Subjects

• Company Update


• Morning Note

]]> Kaumil S. Gajrawala BUD.N KO.N PBG.N HANS.O DPS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65228|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew13323|native|public Regions

• Global


• Asia Pacific


• Japan

Sectors

• Global Cosmetics


• Global Consumer, Non-Cyclical


• Global Non-Cyclical Goods & Services


• Japanese Cosmetics


• Japanese Consumer, Non-Cyclical


• Japanese Non-Cyclical Goods & Services

Companies

• 4919.T Milbon

Subjects

• Company Update


• Morning Note

]]> Mariko Watanabe 4919.T http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew13323|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50729|native|public Regions

• Europe Including UK


• Global


• Americas

Sectors

• European Food Retailers & Wholesalers


• Global Food Retailers & Wholesalers


• European Consumer, Cyclical


• European Consumer, Non-Cyclical


• European Retail


• Global Consumer, Cyclical


• Global Consumer, Non-Cyclical


• Global Retail


• Global Textiles & Apparel


• European Non-Cyclical Goods & Services


• Global Cyclical Goods & Services


• Global Non-Cyclical Goods & Services


• Americas Consumer, Cyclical


• Americas Textiles & Apparel


• Americas Cyclical Goods & Services

Companies

• BATS.L BAT UK


• NESN.VX Nestlé


• CFR.VX Richemont


• UHR.VX Swatch Group


• DSGI.L DSG International


• DIOR.PA Christian Dior


• HRMS.PA Hermès


• LVMH.PA LVMH


• PRTP.PA PPR


• GRG.L Greggs


• KGF.L Kingfisher


• MRW.L Morrison (Wm.)


• UNc.AS Unilever NV


• NXT.L Next


• SBRY.L Sainsbury J


• HMb.ST H & M


• SIG.L Signet Group


• SMWH.L Smith (W.H.)


• TSCO.L Tesco


• BULG.MI Bulgari


• DEB.L Debenhams


• CPW.L Carphone Warehouse


• TOD.MI Tod's


• WLW.L Woolworths Group plc


• ITX.MC Inditex


• HMV.L HMV Group


• BRBY.L Burberry


• MKS.L Marks & Spencer


• KESA.L Kesa


• HFD.L Halfords Group


• PRAG.DE Praktiker


• DNLM.L Dunelm Group


• HOME.L Home Retail Group


• GMG.L Game Group

Subjects

• Industry Overview


• Morning Note

]]> Andrew Hughes BATS.L NESN.VX CFR.VX UHR.VX DSGI.L DIOR.PA HRMS.PA LVMH.PA PRTP.PA GRG.L KGF.L MRW.L UNc.AS NXT.L SBRY.L HMb.ST SIG.L SMWH.L TSCO.L BULG.MI DEB.L CPW.L TOD.MI WLW.L ITX.MC HMV.L BRBY.L MKS.L KESA.L HFD.L PRAG.DE DNLM.L HOME.L GMG.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50729|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65213|native|public Regions

• Global


• Americas

Sectors

• Global Tobacco


• Global Household Products, Non-Durable


• Global Household Products


• Global Consumer, Non-Cyclical


• Global Non-Cyclical Goods & Services


• Americas Tobacco


• Americas Household Products, Non-Durable


• Americas Household Products


• Americas Consumer, Non-Cyclical


• Americas Non-Cyclical Goods & Services

Companies

• AVP.N Avon


• PG.N Procter & Gamble


• LO.N Lorillard

Subjects

• Industry Overview


• Morning Note

]]> Nik Modi AVP.N PG.N LO.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65213|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40931|native|public Regions

• Global


• Emerging Markets


• Asia


• China


• Hong Kong


• India


• Korea


• Malaysia


• Thailand


• Asia Pacific


• Asia Pacific Ex. JP


• Asia Emerging

Sectors

• Global Lodging


• Global Marine Transport


• Global Agriculture


• Global Chemicals, Commodity


• Global Shipbuilding


• Global Basic Materials


• Global Chemicals


• Global Consumer, Cyclical


• Global Leisure Goods & Services


• Global Industrial


• Global Consumer, Non-Cyclical


• Global Technology


• Global Industrial Transportation


• Global Cyclical Goods & Services


• Global Food & Beverage


• Global Industrial Goods & Services


• Global Food


• Global Technology Hardware & Equipment


• Asian Lodging


• Asian Marine Transport


• Asian Agriculture


• Chinese Marine Transport


• Hong Kong Marine Transport


• Malaysian Agriculture


• Thai Lodging


• Indian Chemicals, Commodity


• Korean Shipbuilding


• Asian Chemicals, Commodity


• Asian Shipbuilding


• Asian Basic Materials


• Asian Chemicals


• Asian Consumer, Cyclical


• Asian Leisure Goods & Services


• Asian Industrial


• Asian Consumer, Non-Cyclical


• Asian Technology


• Asian Industrial Transportation


• Chinese Industrial


• Chinese Industrial Transportation


• Hong Kong Industrial


• Hong Kong Technology


• Hong Kong Industrial Transportation


• Indian Basic Materials


• Indian Chemicals


• Korean Industrial


• Korean Industrial Transportation


• Malaysian Consumer, Non-Cyclical


• Thai Consumer, Cyclical


• Thai Leisure Goods & Services


• Asian Cyclical Goods & Services


• Asian Food & Beverage


• Asian Industrial Goods & Services


• Chinese Industrial Goods & Services


• Hong Kong Industrial Goods & Services


• Korean Industrial Goods & Services


• Malaysian Food & Beverage


• Thai Cyclical Goods & Services


• Hong Kong Technology Hardware & Equipment


• Malaysian Food


• Asian Food


• Asian Technology Hardware & Equipment


• Asian Pacific Basic Materials


• Asian Pacific Cyclical Goods & Services


• Asian Pacific Chemicals, Commodity


• Asian Pacific Chemicals


• Asian Pacific Consumer, Cyclical


• Asian Pacific Leisure Goods & Services


• Asian Pacific Food


• Asian Pacific Food & Beverage


• Asian Pacific Industrial


• Asian Pacific Industrial Goods & Services


• Asian Pacific Lodging


• Asian Pacific Marine Transport


• Asian Pacific Consumer, Non-Cyclical


• Asian Pacific Agriculture


• Asian Pacific Shipbuilding


• Asian Pacific Technology


• Asian Pacific Technology Hardware & Equipment


• Asian Pacific Industrial Transportation


• Asian Pacific Ex. JP Basic Materials


• Asian Pacific Ex. JP Cyclical Goods & Services


• Asian Pacific Ex. JP Chemicals, Commodity


• Asian Pacific Ex. JP Chemicals


• Asian Pacific Ex. JP Consumer, Cyclical


• Asian Pacific Ex. JP Leisure Goods & Services


• Asian Pacific Ex. JP Food


• Asian Pacific Ex. JP Food & Beverage


• Asian Pacific Ex. JP Industrial


• Asian Pacific Ex. JP Industrial Goods & Services


• Asian Pacific Ex. JP Lodging


• Asian Pacific Ex. JP Marine Transport


• Asian Pacific Ex. JP Consumer, Non-Cyclical


• Asian Pacific Ex. JP Agriculture


• Asian Pacific Ex. JP Shipbuilding


• Asian Pacific Ex. JP Technology


• Asian Pacific Ex. JP Technology Hardware & Equipment


• Asian Pacific Ex. JP Industrial Transportation


• Asia Emerging Basic Materials


• Asia Emerging Cyclical Goods & Services


• Asia Emerging Chemicals, Commodity


• Asia Emerging Chemicals


• Asia Emerging Consumer, Cyclical


• Asia Emerging Leisure Goods & Services


• Asia Emerging Food


• Asia Emerging Food & Beverage


• Asia Emerging Industrial


• Asia Emerging Industrial Goods & Services


• Asia Emerging Lodging


• Asia Emerging Consumer, Non-Cyclical


• Asia Emerging Agriculture


• Asia Emerging Shipbuilding


• Asia Emerging Industrial Transportation

Subjects

• Industry Overview


• Morning Note

]]> Ashraf Khan http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40931|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50709|native|public Regions

• Belgium


• Europe Including UK


• Europe Ex. UK


• Global


• UBSW EMEA

Sectors

• Belgian Distillers & Brewers


• European Distillers & Brewers


• European Ex. UK Distillers & Brewers


• Global Distillers & Brewers


• Belgian Consumer, Non-Cyclical


• European Consumer, Non-Cyclical


• European Ex. UK Consumer, Non-Cyclical


• Global Consumer, Non-Cyclical


• Belgian Food & Beverage


• European Food & Beverage


• European Ex. UK Food & Beverage


• Global Food & Beverage


• Belgian Beverage


• European Beverage


• European Ex. UK Beverage


• Global Beverage

Companies

• INTB.BR InBev

Subjects

• Company Update


• Morning Note

]]> Melissa Earlam INTB.BR http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50709|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50699|native|public Regions

• Global


• Turkey


• EMEA Emerging


• UBSW EMEA


• Emerging Markets

Sectors

• Global Airlines


• Global Automobile Manufacturers


• Global Building Materials


• Global Banks


• Global Food Retailers & Wholesalers


• Global Industrial, Diversified


• Global Advanced Industrial Equipment


• Global Oil Companies, Secondary


• Global Real Estate


• Global Steel


• Turkish Airlines


• Turkish Automobile Manufacturers


• Turkish Building Materials


• Turkish Banks


• Turkish Food Retailers & Wholesalers


• Turkish Industrial, Diversified


• Turkish Advanced Industrial Equipment


• Turkish Oil Companies, Secondary


• Turkish Real Estate


• Turkish Steel


• Turkish Wireless Communications


• Turkish Distillers & Brewers


• Turkish Furnishings & Appliances


• Turkish Insurance, Full-Line


• Turkish Publishing


• EMEA Emerging Airlines


• EMEA Emerging Automobile Manufacturers


• EMEA Emerging Building Materials


• EMEA Emerging Banks


• EMEA Emerging Wireless Communications


• EMEA Emerging Distillers & Brewers


• EMEA Emerging Food Retailers & Wholesalers


• EMEA Emerging Furnishings & Appliances


• EMEA Emerging Industrial, Diversified


• EMEA Emerging Insurance, Full-Line


• EMEA Emerging Advanced Industrial Equipment


• EMEA Emerging Oil Companies, Secondary


• EMEA Emerging Publishing


• EMEA Emerging Real Estate


• EMEA Emerging Steel


• Global Wireless Communications


• Global Distillers & Brewers


• Global Furnishings & Appliances


• Global Insurance, Full-Line


• Global Publishing


• EMEA Emerging Basic Materials


• EMEA Emerging Consumer, Cyclical


• EMEA Emerging Energy


• EMEA Emerging Financial


• EMEA Emerging Home Construction & Furnishings


• EMEA Emerging Industrial


• EMEA Emerging Insurance


• EMEA Emerging Mining & Metals


• EMEA Emerging Consumer, Non-Cyclical


• EMEA Emerging Telecommunications


• EMEA Emerging Industrial Transportation


• Global Basic Materials


• Global Consumer, Cyclical


• Global Energy


• Global Financial


• Global Home Construction & Furnishings


• Global Industrial


• Global Insurance


• Global Mining & Metals


• Global Consumer, Non-Cyclical


• Global Telecommunications


• Global Industrial Transportation


• Turkish Basic Materials


• Turkish Consumer, Cyclical


• Turkish Energy


• Turkish Financial


• Turkish Home Construction & Furnishings


• Turkish Industrial


• Turkish Insurance


• Turkish Mining & Metals


• Turkish Consumer, Non-Cyclical


• Turkish Telecommunications


• Turkish Industrial Transportation


• EMEA Emerging Automobiles


• EMEA Emerging Basic Resources


• EMEA Emerging Cyclical Goods & Services


• EMEA Emerging Construction


• EMEA Emerging Food & Beverage


• EMEA Emerging Financial Services


• EMEA Emerging Industrial Goods & Services


• EMEA Emerging Media


• EMEA Emerging Non-Cyclical Goods & Services


• Global Automobiles


• Global Basic Resources


• Global Cyclical Goods & Services


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• Global Media


• Global Non-Cyclical Goods & Services


• Turkish Automobiles


• Turkish Basic Resources


• Turkish Cyclical Goods & Services


• Turkish Construction


• Turkish Food & Beverage


• Turkish Financial Services


• Turkish Industrial Goods & Services


• Turkish Media


• Turkish Non-Cyclical Goods & Services


• Turkish Banks, Ex-S&L


• Turkish Beverage


• Turkish Transportation Services


• EMEA Emerging Banks, Ex-S&L


• EMEA Emerging Beverage


• EMEA Emerging Transportation Services


• Global Banks, Ex-S&L


• Global Beverage


• Global Transportation Services


• Global Emerging Airlines


• Global Emerging Automobiles


• Global Emerging Automobile Manufacturers


• Global Emerging Basic Resources


• Global Emerging Banks, Ex-S&L


• Global Emerging Building Materials


• Global Emerging Banks


• Global Emerging Basic Materials


• Global Emerging Beverage


• Global Emerging Cyclical Goods & Services


• Global Emerging Construction


• Global Emerging Wireless Communications


• Global Emerging Consumer, Cyclical


• Global Emerging Distillers & Brewers


• Global Emerging Energy


• Global Emerging Food Retailers & Wholesalers


• Global Emerging Financial


• Global Emerging Food & Beverage


• Global Emerging Furnishings & Appliances


• Global Emerging Financial Services


• Global Emerging Home Construction & Furnishings


• Global Emerging Industrial, Diversified


• Global Emerging Industrial


• Global Emerging Industrial Goods & Services


• Global Emerging Insurance, Full-Line


• Global Emerging Insurance


• Global Emerging Advanced Industrial Equipment


• Global Emerging Media


• Global Emerging Mining & Metals


• Global Emerging Non-Cyclical Goods & Services


• Global Emerging Consumer, Non-Cyclical


• Global Emerging Oil Companies, Secondary


• Global Emerging Publishing


• Global Emerging Real Estate


• Global Emerging Steel


• Global Emerging Telecommunications


• Global Emerging Industrial Transportation


• Global Emerging Transportation Services

Companies

• AKBNK.IS Akbank


• ARCLK.IS Arcelik


• GARAN.IS Garanti


• MIGRS.IS Migros Turk


• FROTO.IS Ford Otosan


• EREGL.IS Erdemir


• AKCNS.IS Akcansa


• KCHOL.IS Koc Holding


• TUPRS.IS Tupras


• THYAO.IS Turkish Airlines


• YKBNK.IS YKB


• ISCTR.IS Is Bank


• SAHOL.IS Sabanci Holding


• SISE.IS Sisecam


• TOASO.IS Tofas Oto Fabrika


• AKGRT.IS Aksigorta


• ENKAI.IS ENKA


• DYHOL.IS Dogan Yayin Holding


• TKC.N Turkcell


• AEFES.IS Anadolu Efes


• VAKBN.IS Vakifbank


• ISGYO.IS Is REIT


• BIMAS.IS BIM


• TAVHL.IS TAV


• ASYAB.IS Bank Asya


• ALBRK.IS Albaraka

]]> Batuhan Ozsahin AKBNK.IS ARCLK.IS GARAN.IS MIGRS.IS FROTO.IS EREGL.IS AKCNS.IS KCHOL.IS TUPRS.IS THYAO.IS YKBNK.IS ISCTR.IS SAHOL.IS SISE.IS TOASO.IS AKGRT.IS ENKAI.IS DYHOL.IS TKC.N AEFES.IS VAKBN.IS ISGYO.IS BIMAS.IS TAVHL.IS ASYAB.IS ALBRK.IS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50699|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65196|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Food Products


• Global Consumer, Non-Cyclical


• Global Food & Beverage


• Global Food


• Americas Food Products


• US Food Products


• Americas Consumer, Non-Cyclical


• US Consumer, Non-Cyclical


• Americas Food & Beverage


• US Food & Beverage


• Americas Food


• US Food


• North American Food


• North American Food & Beverage


• North American Food Products


• North American Consumer, Non-Cyclical

Companies

• CAG.N ConAgra

Subjects

• Company Update


• Initiating Coverage


• Morning Note

]]> David Palmer CAG.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65196|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50688|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global


• Greece


• UBSW EMEA

Sectors

• Greek Soft Drinks


• European Soft Drinks


• European Ex. UK Soft Drinks


• Global Soft Drinks


• European Consumer, Non-Cyclical


• European Ex. UK Consumer, Non-Cyclical


• Global Consumer, Non-Cyclical


• Greek Consumer, Non-Cyclical


• European Food & Beverage


• European Ex. UK Food & Beverage


• Global Food & Beverage


• Greek Food & Beverage


• Greek Beverage


• European Beverage


• European Ex. UK Beverage


• Global Beverage

Companies

• HLBr.AT Coca-Cola Hellenic

Subjects

• Change in Recommendation


• Company Update


• Morning Note

]]> Jason DeRise, CFA HLBr.AT http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50688|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew13326|native|public Regions

• Global


• Asia Pacific


• Japan

Sectors

• Global Food Retailers & Wholesalers


• Global Consumer, Non-Cyclical


• Global Non-Cyclical Goods & Services


• Japanese Food Retailers & Wholesalers


• Japanese Consumer, Non-Cyclical


• Japanese Non-Cyclical Goods & Services

Companies

• 2651.T LAWSON

Subjects

• Company Update


• Morning Note

]]> Taketo Yamate 2651.T http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew13326|native|public|20081003000000 Fri, 3 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65160|native|public Regions

• Global


• Americas


• United States


• North America

Sectors

• Global Distillers & Brewers


• Global Consumer, Non-Cyclical


• Global Food & Beverage


• Global Beverage


• US Distillers & Brewers


• Americas Distillers & Brewers


• Americas Consumer, Non-Cyclical


• US Consumer, Non-Cyclical


• Americas Food & Beverage


• US Food & Beverage


• Americas Beverage


• US Beverage


• North American Beverage


• North American Distillers & Brewers


• North American Food & Beverage


• North American Consumer, Non-Cyclical

Companies

• STZ.N Constellation

Subjects

• Company Update


• Operating Results


• Morning Note

]]> Kaumil S. Gajrawala STZ.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez65160|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40914|native|public Regions

• Global


• Emerging Markets


• Asia


• Malaysia


• Asia Pacific


• Asia Pacific Ex. JP


• Asia Emerging

Sectors

• Global Agriculture


• Global Consumer, Non-Cyclical


• Global Food & Beverage


• Global Food


• Asian Agriculture


• Malaysian Agriculture


• Asian Consumer, Non-Cyclical


• Malaysian Consumer, Non-Cyclical


• Asian Food & Beverage


• Malaysian Food & Beverage


• Malaysian Food


• Asian Food


• Asian Pacific Food


• Asian Pacific Food & Beverage


• Asian Pacific Consumer, Non-Cyclical


• Asian Pacific Agriculture


• Asian Pacific Ex. JP Food


• Asian Pacific Ex. JP Food & Beverage


• Asian Pacific Ex. JP Consumer, Non-Cyclical


• Asian Pacific Ex. JP Agriculture


• Asia Emerging Food


• Asia Emerging Food & Beverage


• Asia Emerging Consumer, Non-Cyclical


• Asia Emerging Agriculture

Companies

• KLKK.KL KL Kepong


• SIME.KL Sime Darby (M)


• LSIP.JK London Sumatra


• IOIB.KL IOI Corporation


• ASIA.KL Asiatic


• AALI.JK Astra Agro Lestari


• OLAM.SI Olam


• UNSP.JK Bakrie Sumatera


• WLIL.SI Wilmar International


• GAGR.SI Golden Agri


• IFAR.SI Indofood Agri


• HAPP.KL Hap Seng Plantations


• IJMP.KL IJM Plantations

Subjects

• Industry Overview


• Morning Note

]]> Alain Lai KLKK.KL SIME.KL LSIP.JK IOIB.KL ASIA.KL AALI.JK OLAM.SI UNSP.JK WLIL.SI GAGR.SI IFAR.SI HAPP.KL IJMP.KL http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev40914|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50662|native|public Regions

• Europe Including UK


• Europe Ex. UK


• Global


• Greece


• UBSW EMEA

Sectors

• Greek Soft Drinks


• European Soft Drinks


• European Ex. UK Soft Drinks


• Global Soft Drinks


• European Consumer, Non-Cyclical


• European Ex. UK Consumer, Non-Cyclical


• Global Consumer, Non-Cyclical


• Greek Consumer, Non-Cyclical


• European Food & Beverage


• European Ex. UK Food & Beverage


• Global Food & Beverage


• Greek Food & Beverage


• Greek Beverage


• European Beverage


• European Ex. UK Beverage


• Global Beverage

Companies

• HLBr.AT Coca-Cola Hellenic

Subjects

• Company Update


• Morning Note

]]> Jason DeRise, CFA HLBr.AT http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50662|native|public|20081002000000 Thu, 2 Oct 2008 http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50660|native|public Regions

• Germany


• Europe Including UK


• Europe Ex. UK


• France


• United Kingdom


• Global


• Ireland


• Netherlands


• Norway


• Nordic


• UBSW EMEA

Sectors

• European Building Materials


• European Industrial, Diversified


• European Oil Companies, Major


• European Investment Services


• European Ex. UK Oil Companies, Major


• British Building Materials


• Global Building Materials


• Global Industrial, Diversified


• Global Oil Companies, Major


• Global Real Estate


• Global Investment Services


• German Fixed-Line Communications


• European Fixed-Line Communications


• European Ex. UK Fixed-Line Communications


• Global Fixed-Line Communications


• German Telecommunications


• European Energy


• European Financial


• European Industrial


• European Consumer, Non-Cyclical


• European Telecommunications


• European Ex. UK Energy


• European Ex. UK Telecommunications


• British Industrial


• Global Energy


• Global Financial


• Global Industrial


• Global Consumer, Non-Cyclical


• Global Telecommunications


• European Construction


• European Food & Beverage


• European Financial Services


• European Industrial Goods & Services


• British Construction


• Global Construction


• Global Food & Beverage


• Global Financial Services


• Global Industrial Goods & Services


• European Beverage


• European Oil Drilling, Equipment & Services


• European Ex. UK Oil Drilling, Equipment & Services


• Nordic Financial


• Nordic Financial Services


• Nordic Real Estate


• Global Beverage


• Global Oil Drilling, Equipment & Services

Subjects

• Change in Recommendation


• Company Update


• Industry Overview


• Market Strategy / Comment


• Operating Results


• Smaller Capitalised Companies


• Morning Note

]]> Sakshi Jain http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer50660|native|public|20081002000000 Thu, 2 Oct 2008