FX QUANT INSIGHT：FX Momentum Integration on track Upgrading to Hold on better earnings visibility Buy: Takeaways from the post-results NDR 2Q17 recurring profit in line;maintaining Hold on fair valuation 1H inline; solid EMS orders to drive growth acceleration ahead Costs were lower but so was the topline Regional Morning Notes 1H17 behind; new energy bus sales pick-up in sight Yet to see overall improvement despite significant margin expansion