Strong sales to continue; de-gearing in good progress, but fair valuation 2H17 outlook - potentially a more stabilized outlook In-line 2Q17, lens on their way Hold: On track for cooperation synergies Hold: Weak results, not a surprise Buy: Asset restructruing a positive for Shenhua A fair JV proposal to minority shareholders EV/earnings in line, better life growth, P&C improved Above expectations, visible quality improvement Hold: Encouraging sign of improved profitability