Great Eastern

Great Eastern +2.2% to $16.06 after reporting 5-fold yoy & 127% jump in 3Q net profit to $168.6m. Credit Suisse, which has Outperform rating with $18.30 target price, notes 9-mth core net profit of $422m represents 84% of FY10 est; core net profit growth driven by better underwriting profit & lower mgt expenses. Citigroup notes 3Q result beat house expectations as group benefited from strong equity & bond markets but keeps Sell rating with $15.50 target.