Hong Kong China Daily Comment Q3 loss is disappointing OW: Key indicators moving in the right direction Beneficiary of intense competition and more contents Downgrade to UW: Decent 2Q results, but discounted now No quick solutions Indonesian arm stays resilient in 3Q13 Angang's 3Q13 results - poor results but a non-event UW: Sentiment rally to unwind with weak 3Q13 results 1QFY13 - SSSG turned positive; New CPO announced