铁路设备销售收入增长乏力，估值不高，维持“收集” 2016年上半年业绩基本符合预期，维持“买入” Continued margin squeeze as expected 1H16 results beat Good start to 3Q but market surplus likely to see copper retrace 业绩持续走强，双轮驱动战略加速落地 1H results slightly missed, maintain Hold on fair valuation Wynn Palace finally opens, and it lives up to the hype Model Update 1H16 results inline - core profit strong 1H16 results in line-Strong 2H likely