A tough one to value Hani Financial Express Morning Briefing Better revenue growth in 2014, but cost pressure to stay The Hang Seng Index is expected to trade at 22,600 to 23,000 today Adding Uni-President China Holdings to Asia Consumer AFL (UW) GS Digital Seminar: Personalization the key theme New JV with GAC for Guangzhou e-bus market Passenger traffic growth stalled in March, weaker than seasonality which is a concern, cargo improved; stay Neutral Alpha Preferences Huaneng Renewables Corporation Weak power generation in 1Q14; Consensus earnings growth this year unachievable in our view