H/A: Hold/Reduce: higher market trading volume, at lower discount 鞋类业务展望更差，重申“中性”评级 CNOOC's indication on higher 2017 capex reaffirms our positive thesis on COSL 更高的手机补贴及租赁费用，“中性” H/A: Buy/Hold: Improving capital ratio and NPL formation 3Q16 trading statement: Broadly in line with expectations A positive transition to Public-Private Partnership 每日市场评论 Above expectations: Share gain as flagged; sustainability questioned 全国对光伏材料的需求正在从低谷中反弹，维持“买入”