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Extraction Summary

0
People
9
Organizations
3
Locations
1
Events
1
Relationships
3
Quotes

Document Information

Type: Financial report / equity research paper
File Size: 1.85 MB
Summary

This document is page 79 of a Merrill Lynch financial research report titled 'GEMs Paper #26', dated June 30, 2016. It provides detailed financial valuations, risk assessments, and price objectives for several Saudi Arabian companies including Extra, Jarir, Saudi Arabian Fertilizer Company (SAFCO), SABIC, and Saudi Telecom Company (STC). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a Congressional investigation document production, likely related to financial records subpoenaed in the Epstein probes, though the text itself is purely financial analysis of Middle Eastern equities.

Organizations (9)

Name Type Context
Merrill Lynch
Financial institution that authored the report (logo in footer).
House Oversight Committee
Source of the document via Bates stamp.
Ministry of Housing
Mentioned regarding support for developing housing units.
Extra (XYDUF)
Company being analyzed with a price objective of SAR 24.
Jarir (XJRIF)
Company being analyzed with a price objective of SAR 134.
Saudi Arabian Fertilizer Company (SAFCO / XDUAF)
Company being analyzed with a price objective of SAR 72.
Saudi Basic Industries Corporation (SABIC / XAUBF)
Company being analyzed with a price objective of SAR 99.5.
Saudi Telecom Company (STC / XUTUF)
Company being analyzed with a price objective of SAR 81/share.
Viva Kuwait
Subsidiary of STC used in valuation.

Timeline (1 events)

2016-06-30
Publication of GEMs Paper #26
N/A

Locations (3)

Location Context
Middle East and North Africa region mentioned in valuation context.
Location of operations for the companies analyzed.
Location of Viva Kuwait subsidiary.

Relationships (1)

Saudi Telecom Company (STC) Parent/Subsidiary Viva Kuwait
Specifically, we use DCF to value its core operations in Saudi Arabia... Viva Kuwait... and other subsidiaries

Key Quotes (3)

"We derive a PO of SAR 24 using a DCF valuation model which we believe best captures differing capital costs and growth profiles across the MENA region."
Source
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Quote #1
"Upside risks to our price objective are: (1) delays in global nitrogen fertilizers capacity expansions..."
Source
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Quote #2
"We apply a justified P/E multiple to derive SABIC's PO of SAR99.5."
Source
HOUSE_OVERSIGHT_016189.jpg
Quote #3

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