A rising tide of worry Weak 1H13 results in line; outlook should be improved Above expectations on better margins; growth recovery on track Deutsche Bank-百盛集团（03368）Structural change needed downgrading to Sell-130819 Deutsche Bank-远洋地产（03377）Unfavorable landbank vintage a constraint to recovery ahead-130819 Sound medium-term outlook In line with expectations but improving margin outlook In line with expectations: Improvement in sight, but long way to go Below expectations on sale reorganization, loss from assoc and FX Below expectations: Low special payout compared to last time