H/A: Hold/Reduce: Improving trend in 3Q16 3Q16 results beat; reiterate Buy 3Q net profit up 34%; 9M profit down 60% YoY 3Q16 first cut: Strong earnings, Record new busines value, and Scaling back on Ping An Trust 窝轮日志 3Q16 results in line with profit alert; riding on downstream upcycle Bottom-line growth mainly driven by provision cuts 3Q16 first cut: Relief on liability reserve burden offsets earnings decline 3Q16 net profit up 15% YoY; 9M16 profit up 17% YoY 3Q16 results beat on strong cost control and higher other income; GP/t in line