China Equity Insights China Telecom（00728）Stable 3Q13; on track to meet full year estimate Fosun International Higher price target on NAV appreciation OW: Healthy earnings trend continues N: 3Q13 results in line but some questions still unanswered Shipping, Property, Banks, LCY; 3Q:Pingan/China Life/Wynn Macau(+) 3Q13 in line; low quality core earnings growth Valuations turning more convincing Tsui Wah Holdings Limited Alert(1314.HK)Property acquisition for Shanghai head office Stalled earnings growth; still-high debt burden likely to remain over FY13-15F