Lowering PT to HK$7.4 – Core operations in line in 1H China TV sales slow while overseas sales pick up First contract from international auto brand Negatives priced in, Buy on dips Softer October Lodging Data, But May Be More Corporate Driven; We Think OTA Trends Stable Info Services Provide Stability of Growth and High Margins in Evolving Macro Environment - ALERT Our Quick Take on Amazon's Possible Sports Interest October: Steel Down Solidly and Flattish So Far in Nov.; Base Metals Flattish to Modestly Up; Petchems Mostly Down More complexity, more opportunities (H-Shares) EM funds asset allocation and performance