Source: Capital IQ, BDA … · 45 . ox 40 .OX 35 .ox 30 .ox 25. ox 20. ox 15. ox 10. ox 5 . ox o. ox Auto L TM Trading Multiples (25Sep15) 25. 18.4X 13.6x 8 China 32.6x Korea

Source: Capital IQ, BDA

Source: Capital IQ, BDA

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http://images.google.com/imgres?imgurl=www.asahi-net.or.jp/~ft8k-ymuc/asia-e/china.flag.jpeg&imgrefurl=http://www.sargasso.nl/index.php?cat=4&h=151&w=226&sz=9&tbnid=NDi3PW9VJ3EJ:&tbnh=68&tbnw=101&prev=/images?q=China+flag&svnum=30&hl=en&lr=&ie=UTF-8&oe=UTF-8&c2coff=1&safe=off

Source: Capital IQ

3

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http://images.google.com/imgres?imgurl=www.tiscali.co.uk/reference/encyclopaedia/countryfacts/images/flags/large/c05018.gif&imgrefurl=http://www.tiscali.co.uk/reference/encyclopaedia/countryfacts/indonesia_flag.html&h=178&w=268&sz=2&tbnid=Aik4v5-w8mwJ:&tbnh=71&tbnw=106&prev=/images?q=Indonesia+flag&svnum=30&hl=en&lr=&ie=UTF-8&oe=UTF-8&c2coff=1&safe=off

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http://images.google.com/imgres?imgurl=a1-bookmarks.com/images/korea_s-flag.gif&imgrefurl=http://a1-bookmarks.com/c/korea_s/flag.htm&h=302&w=452&sz=17&tbnid=xJhX-j-TTJ8J:&tbnh=82&tbnw=122&prev=/images?q=Korea+flag&svnum=30&hl=en&lr=&ie=UTF-8&oe=UTF-8&c2coff=1&safe=off

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Source: Capital IQ, BDA … · 45 . ox 40 .OX 35 .ox 30 .ox 25. ox 20. ox 15. ox 10. ox 5 . ox o. ox Auto L TM Trading Multiples (25Sep15) 25. 18.4X 13.6x 8 China 32.6x Korea

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