Q2 2016 results in line; On track to achieve business targets. Main tain BUY 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 Core Mengniu business better than expected, consolidated numbers dragged down by Yashili and Modern Dairy 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