Overseas still key while resetting expectations Hold: Exchange loss overhang out of the way Buy: Strong domestic sales offset by weak Sept exports Buy: Key beneficiary of Surface Pro 4/Surface Book launch Merger proposal sweetened for PAH;but uncertainty remains Buy: Making progress with landbank replenishment in HK Revised conditions on PAH merger Everbright Spot Markets Overview Still-weak purchasing power to keep 3QFY15 sales growth in check