Chairman: 50% earnings growth is achievable Huge 1H18 beat – BUY WCC, the most undervalued China cement stock Expectations have been reset; reiterate Buy Key takeaways from analyst meeting;reiterating our Buy recommendation Conf. call takeaway: sell-off seems to be overreacted 1H18 results in line; expecting an improving 2H 2H18 and beyond - maintaining Buy 1H18 review: Three incremental drivers could propel consensus upgrades; Buy 1H18 results first take: Strong earnings beat but sellthrough less exciting 1H18 first take: Solid Recovery