BBMG Corporation (H) (2009.HK) In line with expectations; still cautious on cement business Techtronic Industries (669.HK, Sell): First Look – 1H13 Results AirAsia (AIRA MK) N: A mixed bag of fuel, currency, and competition in 2Q13 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: 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 Huadian Power International (H) (1071.HK) Above expectations: outsized operating leverage continued; Buy ZTE Corporation (H) (0763.HK) HK$14.80 First Take: In line with pre-announcement, but cash flow weak Hani Financial Express Morning Briefing