Maintain Buy: Solid 2Q results Downgrade to Hold: Stuck in a slow lane Buy: Transmission tariff cut removes risk overhang In line results, stable outlook, removed overhang, Buy Continuous bottom-line beat from strong top line & improving efficiency 1H17 results in line; sales growth remained weak Hong Kong NDR takeaways Buy: 2Q17 beat on margin and construction business A mixed picture of future growth and near term margin pressure; Hold Revitalizing in 2H 2017