瑞银：Hong Kong & China Daily Comment   10月31日 41页

1.Anhui Expressway - A, 600012.SS：Q307 results in line with our expectations，12-month rating: Neutral (Unchanged), FYE -, PT Rmb10.44/US$1.40, MktCap Rmb13.9bn/US$1.87bn

2.Baosteel, 600019.SS：Q307 results disappoint，12-month rating: Neutral (Unchanged), FY07E Rmb0.93, FY08E Rmb1.11, PTRmb19.09/US$2.55, Mkt Cap Rmb335bn/US$44.8bn

3.BOCHK, 2388.HK：Q307 trading statement: PPOP in line，12-month rating (UR): Buy * (Unchanged) UR , FY07E HK$1.32, FY08E HK$1.45, PTHK$21.00/US$54.19, Mkt Cap HK$235bn/US$30.3bn

4.Hua Xia Bank, 600015.SS：Q3 result still weaker than peers; Sell rating remained，12-month rating: Sell (Unchanged), FY07E Rmb0.39=>Rmb0.41, FY08E，Rmb0.65=>Rmb0.70, PT Prior:Rmb11.30/US$1.51 => Rmb12.20/US$1.63, MktCap Rmb84.9bn/US$11.4bn

5.Maanshan I&S, 0323.HK：Look beyond weak Q307，12-month rating: Buy (Unchanged), FY07E Rmb0.49, FY08E Rmb0.52, PTHK$9.49/US$1.22, Mkt Cap HK$58.1bn/US$7.50bn

6.Sinopec, 0386.HK：Q3 results in line but strong headwinds ahead，12-month rating: Sell (Unchanged), FY06E Rmb0.62, FY07E Rmb0.71, PTHK$6.35/US$81.92, Mkt Cap HK$1,013bn/US$131bn

7.Angang Steel, 0347.HK：Losing edge in cost advantage，12-month rating: Neutral * (Unchanged) CBE , FY07E Rmb1.65, FY08E Rmb1.52, PTHK$28.72/US$3.71, Mkt Cap HK$230bn/US$29.7bn