Upgrade to Buy: Recent underperformance and a better 2017 create a good entry point Hold: Looking beyond 1H FY17 Acoustics competition heating up for Apple and Non-Apple in 2017 Outperformance at HC and TS another booster Buy: Problems at MER but growth in other divisions Upgrade to Buy: Strong steel price ahead Hold: Wealth management outlook still unclear (Bi) Weekly Asia Valuation Express Good times didn’t last: Exports fell 4.2% y-o-y Injection of AVIC's jet fighter assets likely a sentiment booster