1H13 review and 2H13 outlook Convertible Promissory Note 1H13 results; First take 1H13 results broadly in line No fundamental improvement in business itself; maintaining Hold OW(V)：Net profit up 22% yoy，but higher R&D 1H13 preview: Solid results despite less property profit recognition 1H13 results preview. Time to speed up property sales Above expectations on high asset growth and funding cost decline Indian Power Generators to pass on their fuel costs