3Q17: lackluster sales growth, but strong EBIT recovery on lower expense XOM 3Q: Like a Kid in a(Brazilian)Candy Store 3Q17 earnings a considerable miss with further margin deterioration 3Q17 profit beat; valuation already rich with growth slowdown expected 3Q17: Weakening momentum.Maintain Sell In-line with strong inv, brokerage commission turned positive In-line 3Q17 and HK water supply negotiation results likely soon; Buy 3Q17 earnings beats on better yield,controlled cost rise and FX gain Another decent quarter Conference call takeaways - dealership and financing business staying robust