Sorry, cannot reply to you as I am banned. In 703's RA, the mgt mentioned the readiness of new business and number of business initiatives and these give hope. On Monday, CLSA is accumulating as price hit low recently.
Indeed its quarter results for 2013 and 2014 are progressing slowly (not a lot though). New business and expansion of existing business will give hope and this may explain why it rebounced on Monday.