金色香江─每日晨报 Takeaways from briefing - Greater reliance on FILA comes with risks More than just a policy beneficiary 2Q16 results largely in line; 2H outlook remains robust; Stay OW 每日港股导航 市场形势严峻，业绩下滑至亏损 港股投资月报 Lacking near-term catalysts;maintaining Hold Regional downstream optimization – a focus; Possible M&A; Confident on upstream growth from new discoveries; Remain OW Key takeaways from 1H16 post-result conference call