业务扩展带来亮丽增长 Happy investors should consider booking some profit; Downgrade to Neutral In-line 1H; impairment needs monitoring Takeaways from 1H16 results call 水泥业务将在2016下半年扭亏为盈；重申买入评级 2016财年的中期业绩不俗 One-offs masked solid fundamentals; stay Neutral, as fairly priced, though still our sector's preferred play Buy:1H16 performance in line with expectations 每日市场透视 Key takeaways from 1H results call