Tama maintained Fu Zhi Kang (02038.HK)'s increased holdings rating, and the target price fell from 4.8 yuan to 3.7 yuan. According to the bank, the price of metal cases for smart phones is under downward pressure, but because of their valuation, net cash accounting for 80% of market value, and stable dividends, India's mergers and acquisitions may become its development potential. Omo lowered its earnings per share expectations for 2015 and 16 by 17% and 42%, respectively, but believes that the company can maintain profitability in 2016, while there will be moderate growth next year. Damo believes that brands such as Huawei, Xiaomi, and OPPO will continue to be the company's OEM customers, but it has discovered that there are other cheaper and faster OEM plants in China, so it puts pressure on the company's profits. The bank also expects India to account for 10%-15% of the company's revenue this year, mainly due to the expansion of local brands to the local area and low labor costs, so gross margin performance will be better than China's.