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ation. Fac pa | ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec
ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014457 →other busi his re ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec
ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014650 →Earnings Preview
ofessionals in other business areas of BofA Merri Research and certain business groups. As a resul BofA res
ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014949 →am, I/B/E/S, Bloomberg, BofA Merrill Lynch Global Research OS Merrill Lynch GEMs Paper #26|30 June 2016 43
35132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporations Act 2001. With the exception of BANA Australia, neither MLEA nor any of its affiliates involved in preparing this research report is an Authorised Deposit-Taking Institution under the Banking Act
Page: HOUSE_OVERSIGHT_016194 →Quantitative Analysis
other busi his re ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec
35132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporations Act 2001. With the exception of BANA Australia, neither MLEA nor any of its affiliates involved in preparing this research report is an Authorised Deposit- Taking Institution under the Banking Act
Page: HOUSE_OVERSIGHT_023094 →Entities connected to both BANA Australia and ABI Research

Donald Trump
PERSON
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Frankfurt
LOCATION
Merrill Lynch
ORGANIZATION
Michael Bloomberg
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Seoul
LOCATION