FY15 results in line, cost control is the key advantage Key takeaways from Hong Kong NDR Full-year EPS & DPS fell in 2015 多品牌全渠道继续扩张，业绩多点开花 Div trimmed as expected though CET1 hit 13% Huge core loss in 2015, and the worst yet to come; Sell DPS cut, despite no capital need 收市点评精选 看好O2O业务，维持“买入” 华富宏观策略研报