Results for “PT Merrill Lynch Indonesia”

…offset. Biggest 1Q issues/risks: ¢ DAU deceleration on share loss: Anything short of 164mn will likely be met with skepticism as investors extrapolate recent trends in considering competitive resilience vs Instagram, Facebook, and others. Management will likely address the Andr...

…C pressure on GAAP EPS and challenging 2Q17 comps could continue to drag on near-term sentiment. Looking ahead, we are optimistic on 2H17 based on the potential for new ad format ramps, easing comps, and potential YouTube relief (we assume the advertiser boycott eases exiting 2Q)...

Highest sentiment: FB, WIX, and TREE; Lowest: FIT, TRIP, and TWTR Based on our sentiment ranking index, Facebook, Wix, and LendingTree have top investor sentiment pre 1Q earnings. Facebook moved into first place from fourth due to the lowest short interest as % of float, second...

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accurately reflect each of our respective personal views about the subject securities and issuers. We also certify that no part of our respective compensation was, is, or will be, directly or indirectly, related to the specific recommendations or view expressed in this research...

Table 10: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (emerging markets) 10-day realised 12M - 3M term vol spread EEM US IBOV RDXUSD TOP40 EEM US IBOV RDXUSD TOP40 Current Level 10.4% 13.2% 18.5% 11.0% 24% 18% 11% 2.3% %atile (2yr) 4.2...

…al investments. The biggest downside risk is lower revenue if Tinder experiences a decline in popularity or public perception. Netflix, Inc. (NFLX) Our $154 price objective is based on a peak penetration sum-of-the-parts analysis which discounts back future EPS at peak penetrat...

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…is key to markets remaining calm and while equity upside may continue, it is not without higher risks e We like cheap optionality to hedge long-equities if rates continue to move sharply For investors long equities, we look at ways to cheapen protecting from downside risks in t...

Table 10: Summary of closed trades as of 19-Jun-17 Open Trade Description Date Buy HSI Oct-16 102% call, Sell HSP 105% call 19-Sep-16 Short 1x USO 3M 25d put, long 2.1x SXEP 3M 25d call 8-Aug-16 Sell Dec16 SXDP 635 puts, buy 0.6x Dec16 SX7E 110 calls 7-Nov-16 Long 0.5x V2X Nov16...

…ality in them, improving standards of living and life styles. Al Hokair: Eased restrictions on foreign investors: perception vs reality The liberalization of the Saudi retail industry raised concerns among Al Hokair investors regarding the potential loss of the Inditex franchise...