<p><font face="黑体" size="6"><strong>GS 高盛：每日中国报告&nbsp; 10.26</strong></font></p><p><font face="黑体" size="6"><strong>China-Daily-Insights&nbsp;&nbsp; 10.26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18页</strong></font></p><p>&nbsp;</p><p><br/></p><p><strong>Today’s focus<br/>China Views: Real GDP growth came in at 11.5% for 3Q2007 and CPI inflation at 6.2% for September<br/>Shimao Property (0813.HK): One-off NAV dilutive, but potentially positive in longer-run<br/>Yanlord Land (YNLG.SI): New acquisition in its home market<br/>Shanda Interactive Ent (SNDA): Very modest dilution if stock price jumps pre-Nov 15; more IPOs<br/>Focus Media (FMCN): Placement offers opportunity in attractively valued growth stock<br/>Sohu.com (SOHU): 3Q07 preview: we expect strong advertising and game revenue<br/>China Merchants Holdings (0144.HK): Shanghai port tariff increase; raising estimates<br/>Beijing Enterprises Holdings (0392.HK): Downgrade to Neutral on valuation<br/>Weifu Hi-technology (000581.SZ): Disappointing 3Q2007 results; maintain Sell rating<br/>Yanjing Brewery (000729.SZ): 3Q07: top-line growth accelerated; gross margin under pressure<br/>ZTE Corporation (H) (0763.HK): Higher-than-expected revenue, but muted EPS growth<br/>Industrial and Commercial Bank of China (H) (1398.HK): 3Q07 results beat estimates; estimates/target price raised<br/>Industrial and Commercial Bank of China (H) (1398.HK): Acquiring 20% SBG strategically/financially positive if executed well<br/>China Yangtze Power (600900.SS): Raising target price on higher 3Q07 generation/investment income<br/>Datang Int'l Power Generation (0991.HK): Utilization recovery likely offset by rising coal costs in 3Q07 results<br/>Tianjin Capital (H) (1065.HK): Flat 3Q07 net profit growth appears to be due to rising cost pressure</strong></p>