Hold: Credit stresses wipe out top-line strength Regional Morning Notes Potential NAND industry consolidation Five SOEs in Wuhan to launch 7,000 rental units in 2017 Hold: Pricing pressure overwhelms volume growth 1H loss expected; captive plants closure positive for utilization outlook 2Q core earnings largely in-line 1H17 - Weak earnings as expected 1H17 a small beat; Buy H shares on better traffic and pricing outlook In-line 1H17 earnings with CX drag and fuel cost burden