China Longyuan Power (0916.HK) Below expectations: weak earnings growth despite utilization gain Galaxy Entertainment Group (0027.HK) Above expectations: Mass table yield catching up with Venetian Golden Eagle Retail Group (3308.HK) HK$12.60 First Take: 1H13 OP missed; net income in line on interest and FX HSBC Holdings (0005.HK) FX/margin/loan impairment set to stabilize, valuation appealing; Buy Kunlun Energy Company (0135.HK) E&P may drag 1H13 earnings; focus on LNG execution strategy Galaxy Entertainment Hopewell Highway Infra Special dividend a surprise 2013F EPS revised upwards; maintain Reduce Best appears to be over for the company; low-quality earnings surprises already price Don't expect improvement in 2H13 Beware of startup loss, but still our dept store top pick