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…pta >> Equity-Linked Analyst MLI (UK) +44 20 7996 7062 aguptal [email protected] William Chan, CFA >> Equity-Linked Analyst Merrill Lynch (Hong Kong) +852 3508 3921 [email protected] Nitin Saksena Equity-Linked Analyst MLPF&S +1 646 855 5480 [email protected] Clovis Cou...
… 4 poy! 5% 1.5% 2.0% whe “£L, 0 Oh EPR HBR EBERLE RRL Aare Soozeyrzyan x BEPSESRES22SHES SSG6S2S5656803N2 Source: BofA Merrill Lynch Global Research Source: BofA Merrill Lynch Global Research Bankof America Merrill Lynch Global Rates, FX & EM 2017 Year Ahead | 16 November 201...
…2,491 6,102 37.371 = % private hospitals m% private beds = % hospitals Beds/hospital 154 133 132 1% beds Source: BofA Merrill Lynch Global Research, Ministry of Health Source: BofA Merrill Lynch Global Research, Ministry of Health Hospital quality would be key to attracting pr...
…- 150 150 een PEN (ths lanatl2 =100) 2010 2011 + 2012»««-2013-S-2014-=S 20152016 2012 2013 2014 2015 2016 Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Source: BofA Merrill Lynch Global Research, Bloomberg 40 Global Rates, FX & EM 2017 Year Ahead | 16 November 20...
…5) = Forecast change vs SDR, % (Same volatility and USD/CNY at 7.25) Forward implied change by end-2017, % Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Can bond and equity inflows save the day? Not in the near term...
… 10% 20% 30% 40% 50% 0% Pakjsgan 40% 60% 80% Data as % of service revenues Broadband household penetration Source: BofA Merrill Lynch Global Research, Telegeography and company data Source: BofA Merrill Lynch Global Research, Telegeography and company data Private sector partici...
…rades Claudio Irigoyen Mai Doan MLPF&S MLI (UK) [email protected] [email protected] Rohit Garg Vadim laralov Merrill Lynch (Singapore) MLPF&S [email protected] [email protected] Carry trades and blond swans ¢ We do not expect traditional carry trades such as ARS a...
…O1FLG GFSZF G4S Industrial Goods & Services 3.9 56 6 BGLP8L IMIAF IMI Industrial Goods & Services 40 40 5 Source: BofA Merrill Lynch Global Research, Factset. The European Quality Yield Screen identified as a screen above Is intended to be an indicative metric only and may not b...
…03 02 0 01 -0.2 SS SEARS SOZESE SEAR AG OSE OH STE SHEE SLES SSSee2 aS Sd 2h SESS FAS GSE OR PaaS AES STSS Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Bankof America 2 Global Rates, FX & EM 2017 Year Ahead| 16 Novemb...
…R SXDP Health care 24% See cae emaeeaaaan se i SXMP Media 27% Sfos Pos Pes Pos PW 6s SXOP Construction 39% Source: BofA Merrill Lynch Global Research. 3m correlations calculated using daily returns and SXKP Telcos 32% assuming current weights. Data from 16-Mar-07 to 16-Jun-17. *A...
…ed as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. BofA Merrill Lynch does and seeks to do business with issuers cove...
… -1.18% -0.85% = -0.49% -0.35% -1.55% -0,84% 1Mth Change 1.35% -2.69% -0.78% — -0.40% 0.12% 1.15% 2.38% Source: BofA Merrill Lynch Global Research Table 12: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (emerging markets) 3-month {2-m...
…5-Feb-99 4-Oct-95 8-Dec-80 14-Apr-87 3-Mar-80 14-Mar-00 22-Jul-99 21-Sep-78 19-Apr-99 28-Jan-00 15-Oct-99 Source: BofA Merrill Lynch Global Research. Data from 1-Feb-71 to 16-Jun-17. Drawdowns measured from prior peaks and using close-to-close data. Chart 14: On 16-Jun, the SPX...
…w, USDbn 650 2835 2885 2.935 700 85-2835 2.885 750 2. 835 800 2.68 785 850 | 2685 2,735 900 2 2635 2,685 Source: BofA Merrill Lynch Global Research, Bloomberg. 2016 rate is annualized from the first 3 quarters of data. Table 5, above, shows a scenario analysis of China’s FX re...