Cotai needs more time to ramp up 2Q18 results largely in line Positive surprises in a tough environment This is what market is waiting for 2Q18 profit beats; takeaways from BMW call SSSg momentum is accelerating Key takeaways of 1H 2018 results presentation. Well-diversified geographical mix and new games to deliver long-term growth Rising uncertainty 高端化充满希望，上调至“收集” 2018年中报点评：逻辑不变，信心不变