Attractive entry, even if privatized;Upgrade to Buy 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 Large portion of NAV story unlocked;downgrade to Hold 3Q17 slightly miss but limited impact on FY17; Buy Near-term challenges remain Follow the Chairman Hold: 9M2017 results ? A mixed bag