Key takeaways from management briefing 1H13 earnings flat yoy，marginally below expectation Key takeaways from 1H13 analyst meeting 2Q13 results beat；TD trials begin Singapore NDR takeaways Convertible Promissory Note 1H13 results; First take 1H13 results broadly in line No fundamental improvement in business itself; maintaining Hold 2Q13 results: improving margin;remaining on sidelines