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Quantitative Analysis
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
Consumer Staples and Healthcare. We also like the Energy sector. e We are negative on Industrials and Con
al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. Spain: This publication is distributed to clients of UBS Bank
Page: HOUSE_OVERSIGHT_025290 →Entities connected to both Entergy and The Monetary Authority of Singapore

Donald Trump
PERSON
Michael Bloomberg
PERSONthe Dubai Financial Services Authority
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United Kingdom
LOCATION
Seoul
LOCATION
Frankfurt
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Marc Rich
PERSONthe Prudential Regulation Authority
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Merrill Lynch Global Wealth Management
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the Financial Services Agency
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Bank of America
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerchant Bank
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Merrill Lynch
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONMerrill Lynch International
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Bank of America Corporation
ORGANIZATIONMerrill Lynch Canada Inc
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