Shimao Property (0813.HK) Above expectations on other gains and JV contribution China Wireless Technologies (2369.HK) Below expectations, but core earnings stronger; maintain CL-Buy China Telecom (0728.HK) HK$4.06 First Take: In-line 1H, vague LTE but firm rural broadband strategy China: Aerospace & Defense 1H results in line: defense spending to continue to propel growth Guangzhou R&F Properties (2777.HK) In line with expectation: Faster investment to fuel better growth ZTE Corporation (H) (0763.HK) HK$14.80 First Take: In line with pre-announcement, but cash flow weak Hani Financial Express Morning Briefing Korean Reinsurance Co (003690 KS) N(V): Still under a value trap In-line gas sales volume growth target Quick Note First Read: Dongyue Further deterioration; warned but still bad