messages.role: user
messages.content: summarise to key point: "Galaxy Entertainment (27 HK, Buy, TP HK$62.0, +18.1% Upside)
  1H Beat: HK$2.9bn Profit (vs loss of HK$851m), Resume 1H Div 
  Adding hotel inventory: Raffles & ANdAZ (+1,100 rooms) & Phrase 4
  Rosy Start for 3Q
  July GGR at high end, rose further for first 13 days of Aug 
  Robust demand over summer months (90% occupied sectorwise) 
  New e-visa machines added in Guangdong province
  Why Galaxy: Solid track record may deliver a surprise in Phase 3, Lenovo (992 HK, Buy, Target Price HK$9.90, Upside: +29.1%)
  Jun Q Missed:  US$177m (-66%), vs US$235m consensus
  PC bottomed expecting a Recovery
  Inventory digestion completed, expect 2HCY23 to resume growth
  Win 11 & AI to accelerate PC replacement demand in 2024-25
  AI is a positive: Industry specific models to help client transformation
  Increasing non-PC contribution: 41% of total revenue , CNOOC (883 HK, Buy, Target Price HK$15.3, +20.1% Upside)
  1H Beat: Earnings (-11%) on lower oil price but +9% volume growth 
  Interim div: Rmb0.59, or 44% payout ratio
  Looking into 2H 
  Higher oil price driven by production cut is a positive
  On track to achieve production volume of 650-660m boe in 2023, as part of volume goal of 6% CAGR by 2025
  Adding Reserve: 9 projects development and targets a reserve replacement ratio >130%
  "
  
  