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nd grouped together by sector (SELLs in RED): Consumer: B&M, BAT, Bovis Homes, Carrefour - Financials: Aroundtown Properties, AXA, Banco Santander, Credit Suisse Group, Prudential - Healthcare: AstraZeneca, Fresenius, Shire Energy, Materials & Industrials: ABB, ArcelorMittal, BAE, Continental, DSM, Glencore, Kings
ult, Royal Dutch Shell, RWE - TMT: Eutelsat, Infineon, Informa, KPN, Sophos, Vodafone - Business Services, Leisure & Transport Deutsche Lufthansa, Royal Mail, SGS, Vinci ■ One slide per stock, valuation and catalysts plus links to the latest research. ■ The prior iteration (04-Oct-17) [AB Foods, BAT, Bov
e 13 - Page 14 ■ Healthcare - Page 16 - Page 17 - Page 18 B&M BAT Bovis Homes Carrefour - SELL Aroundtown Properties AXA Banco Santander Credit Suisse Group Prudential AstraZeneca Fresenius Shire ■ Energy, Materials & Industrials - Page 20 ABB Page 21 ArcelorMittal Page 22 BAE Page 23 Continental
hell RWE Eutelsat - SELL Infineon Informa KPN Sophos Vodafone ■ Business Services, Leisure & Transport - Page 39 Deutsche Lufthansa Page 40 Royal Mail - SELL Page 41 SGS Page 42 Vinci ■ Risk Statements ■ DB Forecasts Editors: Mark Braley, Vivek.G Midha and Mairead Smith "s Equity Focus —Janua
Group UHR.S Carrefour CARR. PA Nissan Motor 7201.T Tele2 TEL2b.ST Check Point Software CHKP.OQ Liberty Global LBTYA.OQ Tesco PLC TSCO.L Credit Suisse Group CSGN.S Linde LING.DE Valeo SA VLOF.PA Continental AG CONG.DE Oesterreichische Post AG POST.VI Vinci SGEF.PA Deutsche Lufthansa AG LHAG.D
Inc FTNT.OQ Roche ROG.S ArcelorMittal MT.AS Fresenius FREG.DE Royal Dutch Shell Plc RDSa.L Aroundtown Properties AT1.DE Geberit GEBN.S Royal Mail RMG.L AstraZeneca AZN.L Glencore GLEN.L RWE RWEG.DE AXA AXAF. PA Informa PLC INF.L SES SESFd.PA B&M BMEB.L Infineon Technologies IFX
Entities connected to both Credit Suisse Group and Royal Mail

Credit Suisse
ORGANIZATIONFresenius
ORGANIZATIONSophos
ORGANIZATION
AstraZeneca
ORGANIZATIONKingspan
LOCATIONDeutsche Post
ORGANIZATIONInfineon
ORGANIZATIONVinci
PERSONBanco Santander
ORGANIZATIONAroundtown Properties
ORGANIZATIONPrudential
ORGANIZATION