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Type: Financial research report (merrill lynch)
File Size: 1.59 MB
Summary

This document is page 77 of a BofA Merrill Lynch Global Research report titled 'GEMs Paper #26', dated June 30, 2016. It provides financial analysis, stock ratings, and risk assessments for several companies, primarily focused on the Saudi Arabian market (e.g., Al Hammadi, Al Othaim). The document includes a table of stocks with buy/neutral/underperform opinions and detailed valuation methodologies for specific entities. It bears the Bates stamp HOUSE_OVERSIGHT_016187, indicating it is part of document production for the House Oversight Committee, likely related to investigations into financial institutions connected to Jeffrey Epstein.

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"We assume a perpetuity growth rate of 2% and WACC of 9.1% in our DCF."
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"Saudization: Most of Al Othaim's labors are low level staff working in the warehouses and branches which depends heavily on expatriate labors."
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