China Edge P152: Anticipating more M&A in 2H14; Buy Sihuan, SBP, PHG China Sporting Goods：Winning streak to continue Higher project level perpetuals leads to higher hidden risk UW(V): Key concerns reaffirmed from G-III’s read-across China Environmental& Facilities Services： Pollutant disposal charges to double News, views and valuation DAILY EDGE Hot sales for aircon and ref in 1H14 Higher TP, conservative estimates FX Positioning Analysis