1H17 earnings jump in-line with guidance Briefing takeaway: Core profit growth target maintained at 15% yoy Still balanced and gliding through Aggressive scale expansion amid high gearing 1H17 profit a small miss on gross margin and SG&A (Revised) 1H17 - beating on all fronts; reiterating Buy and upgrading TP Takeaways from post-results analyst briefings; Buy Longyuan, HNR Medium-Grade Bond Yields May Lag Consensus Views NEWS&ANALYSIS Read-across from HP’s 3QFY17 results