H113 results in-line, maintain Neutral Utilisation rebounds 27% Total - Exploration Update (=), Wood Group - 1H Results (=) Trading at historical trough valuation; Buy NDR update: Growth initiatives prior to Cotai project in 1H16; Buy Galaxy (27.HK): Executing Well, Upgrade to BUY, HK$53.50 Towngas China (1083.HK) In line with expectations: dollar margin increase may be temporary 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