Smooth Growth in 1H16 Revenue; Expect Further Progress of Strategic Expansion 1H Result Beat on Strong Railway Operation Service Second Upward Revision in a Month. Maintain BUY. 1H16 results slightly below due to higher credit costs Resilient Business Model Proven in a Tough Market Fuel price liberalization to take time; potential domestic M&A; project growth reiterated 1H 2016 Results in Line with Expectations. Maintain BUY 港股晨讯 每日晨讯 收购诺华产品布局骨科领域，产品线逐步丰富