A brighter outlook, an improving mix and valuations remain attractive Investment Daily Note Digging deeper into rising profits Investment Daily Note Potential iPhone 6 delay in China and CM’s 4G acceleration Impact on Cafe De Coral, Want Want and Tingyi A multi-year fundamental transition is positive for long-term valuations Daily Market Summary Downgrade to Neutral with PT of HK$7.5 - No price hike likely and FX losses expected Stabilizing business but upside from internet TVs still far away