Upgrade to Buy: Benefiting from economic recovery 1H17 core earnings in-line, topline slight miss 1H17 results in line,back to profit-making;keep Hold Upgrade to Buy: Strong start to Three Year Plan 1H17–Key takeaways from analyst meeting 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)