Epstein Secrets

-13 Jul-13 Jan-14 Jul 14 • FiriooTanpi(Jul-15) 1.1abmiceiSiod.Poitomionoo • CocroniSiockPeco Jul-1S Source: Morgan Slarty Research estimates. Thomson Reuleis Price Target $81 We derive our PT from a discounted cash flow analysis that uses a WACC of 10•% and a 2% terminal growth rate. The main drivers

Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited iiit . 67 003 734 576. holder of Australian Wiancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa

JtS12 Jan-I3 Jul.13 Jen-I4 Jul.14 • Ace Tama (046) —netegnaiSne•Pernanrce • CvnernSixt Pint Jul45 Seine: Morgan Stinky Research estimates. Thomson ReuIers Price Target $395 We derive our PT from a discounted cash flow analysis that uses a WACC of 10% and a 2% terminal growth rate. The main drivers

Stanley AG. Singapore (Registration number T11FCO207F): in Australia to 'wholesale clients' within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited if . 67 003 734 576. holder of Australian friancial services license No. 233742. which accepts responsibdily for its contents:' tralia to 'wholesa

es were used in order to have temporal consistency. BEN and LM reflect MS estimates; EV reflects consensus Thom son estimates. Source: Company Data, Thompson Reuters, Morgan Stanley Research estimates, except for non-covered companies (NC), which are consensus estimates HOUSE_OVERSIGHT_025580 --- PAGE BREAK ---

ited, Singapore Branch (Registration number T1IFCO207F); in Australia to “wholesale clients" within the meaning of the Australian Corporations Act by Morgan Stanley Australia Limited A.B.N. 67 003 734576, holder of Australian financial services license No. 233742, which accepts responsibility for its contents; in Australia to "who