Morning Bulletin China State Construction International: Likely to underperform; maintain UW Best IPP play with lowest tariff cut risk. Reiterate OW In line with expectations: strong associate profit; resilient Qinglian Road King Infrastructure: Property & toll road operations drive steady growth China Resources Power (836 HK) OW: Overreaction to power tariff risks; 1H13 results strong Shandong Weigao (1066 hk) N(V): Soft results to linger, recovery should take time Below expectations: weak earnings growth despite utilization gain First Take：1H13 OP missed；net income in line on interest and FX Growth beat consensus and peers