3Q17 result: some signs of cost pressure in Q4 3Q17 - key takeaways from conference call 3Q17 – Strong profits on lower claims and expense ratios 3Q17 – Decent results with strong agency FYP growth 3Q17 – strong earnings, VNB growth deceleration should prove temporary 3Q17 slightly miss but limited impact on FY17; Buy Near-term challenges remain Follow the Chairman Hold: 9M2017 results ? A mixed bag Buy: Slowly narrowing the credit cost gap vs. peers