Awaited asset injection announced; rich valuations but EPS neutral; focus on long term synergies Buy: Don’t flinch on the pullback Buy: New target price post share split China: Rebound in land sales indicates growth may improve in Q4 1H15 results in-line; moderate growth remained Why economy bottomed in 2Q Official study suggests national debt-to-GDP ratio at 236% First to Market Short-term gain? One of only a few profitable liners