Hold: 3Q16 beat on better margin and luck Disposal of Shanghai Century Link stakes for HK$8.8bn 3Q16 preview: destocking pressure continues; maintaining Sell 3Q16 operational results in line; capex below expectations Q316 result was weak due to provisions 3Q earnings beat; volume growth on track;maintain Buy 衍生攻略(上午)：中移再考验90元 留意购11318 4Q loss could reverse negative sentiment on earnings cut risk In-line 3Q16 results;Buy 朝闻香江