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中期业绩说明会纪要，调低目标价，维持“买入”投资评级 2Q17 revenue in line; downgrade on lower 2H17 revenue growth and margin pressure 上半年业绩高于预期，公司经营保持稳健上升态势，提高评级至“买入” 逾期3个月以内增幅大，不过重庆区域经济依然强劲 Margin deteriorated due to surge of railway related costs Top-line and bottom-line beat; Margin improved thanks to increased revenue from the Internet Services & Others Segment Transitioning from metal casing story to the next growth drivers 1H17 results in line; positives on FY18/19 outlook 1H17 results review: high earnings visibility and generous payout 2Q17 results beat; expect full-year profit in 2017

原油：原油反弹 豆粕偏强运行，下方多单减仓 沥青：多单暂时平仓 郑棉偏弱震荡，短线轻仓操作 PVC：PVC震荡下行 冠通每日交易策略 油脂周报：油粕走势分化，油脂进入回调期 资讯早间报 早盘速递 油脂：美豆种植条件良好 油脂持续调整