Strong 1H13 results, core earnings up by 32.2% YoY Asset sales undercut future ROE 1H13 review: growth momentum beats; asset quality in-line Investing for the future UBS Investment Research：Morning Expresso - Asia Guotai Junan Int’l OW(V): Improved franchise amid market weakness Ju Ten g Int’l Holdings OW(V): Margin to surprise on the upside Stuck in the mud (1H13 results ) Marico Industries (MRCO IN) N: Earnings beat led by international; domestic FMCG growth modest Hon Hai (2317 TT) N: Another miss on margin offset by strong non-op gain