Notes from the Road: Davenport Works 3Q17: Weak Quarter Came in Above Our Ests.; Positioned for a Better 4Q 3Q17 result: EBITDA in-line; likely to hit high-end guidance 3Q in-line; Cotai may add junkets rather soon Earnings Review: In line with expectation: Sustaining rapid pace of rental Caution, speed bump ahead; initiating ZTE-H with Hold, ZTE-A with Sell Channel restructuring proves successful; upgrading to Buy Sustainable high single-digit DPU CAGR; Hold on fair valuation Sales to beat RMB110bn in 2017F;earnings to surge in 2H17F 1HFY18 preview: rural gas powers robust growth