Hold:Further stabilisation in HK retail sales A new board and management team formed 2017 outlook: A liquidity driven recovery China trade stats: A mixed bag 2017: a year of reform with re-rating opportunities Investor interaction/feedback on IT sector Upgrade to Buy: Riding through the short-term bumps Key takeaways from 1HFY17 NDR (24-25 November) 3Q16 Inline; Strong Sales Momentum Continues; Limited Impact from Temporary Production Suspension 1H17 net profit down 37% yoy, in-line with guidance