week ahead · 2016-04-25 · difficult market conditions and highly competitive environment in...

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Head Office: 4 Merchant Place, 1 Fredman Drive, Sandton 2196 | PO Box 3359, Parklands 2121 | [email protected] | www.fnbsecurities.co.za Relationship Manager: +27 11 282 4561 | Dealing Desk: +27 11 282 8734 Directors: H Mojalefa, PP Dreyer, W Myers, V Naidoo. Company Secretary: C Low FNB Securities (Pty) Ltd - a part of the FirstRand Group. An Authorised user of the Johannesburg Stock Exchange (JSE) and Financial Services Provider (FSP182). Securities how can we help you? WeekAHEAD Global 1Q16 earnings intensifies ...Vehicle manufacturers release earnings numbers Some South African corporate earnings releases to take note of this week include: Pick n Pay Stores (Full Year Results): In a recent trading statement, management guided for headline earnings per share (HEPS) to be between 20% and 30% higher y/y. This is in-line with full year market expectation (consensus: +24%), considering the difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%) and selling price inflation was restricted to 3.1%. Barclays Africa Group is due to release its 1Q16 sales and revenue trading update later this week. Another busy week in the US as earnings season continues to intensify with approximately 186 companies set to report during the week. A number of popular technology stocks will report on quarterly earnings this week, including Apple Inc and Xerox Corp. eCommerce giant’s eBay and Amazon will release first quarter results on Tuesday and Thursday, respectively. Investors will keep a close eye on results from Chevron Corp and Exxon Mobil Corp, given the recent volatility in commodity prices. According to Factset, 26% of the companies in the S&P 500 have reported earnings thus far with 76% having reported earnings above the mean estimate and 55% having reported sales above the mean estimate. The US has been in a state of corporate recession for two quarters now and this is not expected to dissipate until the second half of the 2016 calendar year. The reason for this is that most large US corporates are multinationals - with a strong dollar weighing heavily currency translation. A large number of companies in Europe will be reporting this week. Cigarette behemoth British American Tobacco (London) is set to release first quarter sales and revenue figures on Tuesday. In addition, a number of international banks are scheduled to report during the course of the week with some of the noteworthy companies being Barclays (London) and Deutsche Bank (Germany). Popular car manufacturers reporting this week include Volkswagen (Germany) and Peugeot (France). Bayer AG (Germany) is set to report on first quarter earnings on Tuesday while GlaxoSmithKline will release results on Wednesday. In the Asia Pacific region, the focus will be on Japanese car manufacturers with some of the popular manufacturers, including Mazda, Mitsubishi and Honda, set to release full year earnings results. A large number of 25 April 2016 Companies to watch this week South Africa PIK Pick n Pay Stores Ltd BTI British American Tobacco PLC BGA Barclays Africa Group Ltd Abroad FB US Facebook Inc XRX US Xerox Corp AAPL US Apple Inc EBAY US eBay Inc BATS LN British American Tobacco PLC BAYN GR Bayer AG BP/ LN BP PLC DBK GR Deutsche Bank AG BARC LN Barclays PLC VOW GR Volkswagen AG WPP LN WPP PLC BAS GR BASF SE 7261 JP Mazda Motor Corp 7211 JP Mitsubishi Motors Corp 3988 HK Bank of China Ltd 941 HK China Mobile Ltd Analysts Pritu Makan Tlamelo Mathakgane Thabiso Mamathuba Sthembile Bopela Contact us Relationship manager: +27 11 282 4561 Dealing desk: +27 11 282 8734 Website: www.fnbsecurities.co.za

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Page 1: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

Head Office: 4 Merchant Place, 1 Fredman Drive, Sandton 2196 | PO Box 3359, Parklands 2121 | [email protected] | www.fnbsecurities.co.za Relationship Manager: +27 11 282 4561 | Dealing Desk: +27 11 282 8734

Directors: H Mojalefa, PP Dreyer, W Myers, V Naidoo. Company Secretary: C Low

FNB Securities (Pty) Ltd - a part of the FirstRand Group. An Authorised user of the Johannesburg Stock Exchange (JSE) and Financial Services Provider (FSP182).

Securitieshow can we help

you?

WeekAHEAD

Global 1Q16 earnings intensifies...Vehicle manufacturers release earnings numbers

• Some South African corporate earnings releases to take note of this week include:• Pick n Pay Stores (Full Year Results): In a recent trading statement, management

guided for headline earnings per share (HEPS) to be between 20% and 30% higher y/y. This is in-line with full year market expectation (consensus: +24%), considering the difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%) and selling price inflation was restricted to 3.1%.

• Barclays Africa Group is due to release its 1Q16 sales and revenue trading update later this week.

• Another busy week in the US as earnings season continues to intensify with approximately 186 companies set to report during the week. A number of popular technology stocks will report on quarterly earnings this week, including Apple Inc and Xerox Corp. eCommerce giant’s eBay and Amazon will release first quarter results on Tuesday and Thursday, respectively. Investors will keep a close eye on results from Chevron Corp and Exxon Mobil Corp, given the recent volatility in commodity prices. According to Factset, 26% of the companies in the S&P 500 have reported earnings thus far with 76% having reported earnings above the mean estimate and 55% having reported sales above the mean estimate. The US has been in a state of corporate recession for two quarters now and this is not expected to dissipate until the second half of the 2016 calendar year. The reason for this is that most large US corporates are multinationals - with a strong dollar weighing heavily currency translation.

• A large number of companies in Europe will be reporting this week. Cigarette behemoth British American Tobacco (London) is set to release first quarter sales and revenue figures on Tuesday. In addition, a number of international banks are scheduled to report during the course of the week with some of the noteworthy companies being Barclays (London) and Deutsche Bank (Germany). Popular car manufacturers reporting this week include Volkswagen (Germany) and Peugeot (France). Bayer AG (Germany) is set to report on first quarter earnings on Tuesday while GlaxoSmithKline will release results on Wednesday.

• In the Asia Pacific region, the focus will be on Japanese car manufacturers with some of the popular manufacturers, including Mazda, Mitsubishi and Honda, set to release full year earnings results. A large number of

25 April 2016

Companies to watch this week

South Africa

PIK Pick n Pay Stores Ltd

BTI British American Tobacco PLC

BGA Barclays Africa Group Ltd

Abroad

FB US Facebook Inc

XRX US Xerox Corp

AAPL US Apple Inc

EBAY US eBay Inc

BATS LN British American Tobacco PLC

BAYN GR Bayer AG

BP/ LN BP PLC

DBK GR Deutsche Bank AG

BARC LN Barclays PLC

VOW GR Volkswagen AG

WPP LN WPP PLC

BAS GR BASF SE

7261 JP Mazda Motor Corp

7211 JP Mitsubishi Motors Corp

3988 HK Bank of China Ltd

941 HK China Mobile Ltd

AnalystsPritu MakanTlamelo MathakganeThabiso MamathubaSthembile Bopela

Contact usRelationship manager: +27 11 282 4561 Dealing desk: +27 11 282 8734 Website: www.fnbsecurities.co.za

Page 2: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

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companies within Hong Kong’s financial sector are also reporting this week, including Bank of China and China Life Insurance. China Mobile, one of the largest mobile telecommunications companies by market capitalization, is also set to report on first quarter results this week.

• From a local corporate actions perspective, Friday marks the last day to trade for Anheuser-Busch InBev and Grand Parade Investments. Anheuser-Busch InBev and British American Tobacco are hosting their AGM this week. Imperial Holdings and Sovereign Foods also will host GMs.

Company Events CalendarSouth Africa

Date Ticker Company Name Event Description Estimate ZAc

2016/04/25 MAS Masonite Africa Ltd FY15 Earnings --

2016/04/25 ING Ingenuity Property Investments Ltd 1H16 Earnings --

2016/04/25 GBI Gold Brands Investments Ltd FY16 Earnings --

2016/04/26 EFG Efficient Group Ltd 1H16 Earnings 21.28

2016/04/26 PIK Pick n Pay Stores Ltd FY16 Earnings 216.6

2016/04/26 PDL LN Petra Diamonds Ltd 3Q16 Sales and Revenue --

2016/04/26 BTI British American Tobacco PLC 1Q16 Sales and Revenue --

2016/04/28 BGA Barclays Africa Group Ltd 1Q16 Sales and Revenue --

SSADate Ticker Company Name Event Description Estimate

LC

2016/04/25 UNIC NL Unic Insurance PLC FY15 Earnings --

2016/04/25 ETERNA NL Eterna PLC FY15 Earnings --

2016/04/25 FO NL Forte Oil PLC 1Q16 Earnings --

2016/04/25 GUINNESS NL Guinness Nigeria PLC 3Q16 Earnings --

2016/04/25 LIVESTOC NL Livestock Feeds PLC 1Q16 Earnings --

2016/04/25 UNIONDAC NL Union Diagnostic & Clinical Services PLC

1Q16 Earnings --

2016/04/25 FBNH NL FBN Holdings Plc 1Q16 Earnings --

2016/04/25 COURTVIL NL Courteville Business Solutions PLC 1Q16 Earnings --

2016/04/25 CPC GN Cocoa Processing Co Ltd FY15 Earnings --

2016/04/25 SPL GN Starwin Products Ltd 3Q15 Earnings --

2016/04/25 UTB GN UT Bank Ltd FY15 Earnings -0.01

2016/04/25 PZC GN PZ Cussons Ghana Ltd 3Q16 Earnings --

2016/04/25 EACL KN East African Cables Ltd FY15 Earnings -0.36

2016/04/25 KNOC KN KenolKobil Ltd Group FY15 Earnings 1.365

2016/04/25 SCBL KN Standard Chartered Bank Kenya Ltd FY15 Earnings 25.89

2016/04/25 KNRE KN Kenya Reinsurance Corp Ltd FY15 Earnings 5.605

2016/04/25 NSE KN Nairobi Securities Exchange Ltd FY15 Earnings --

2016/04/25 RDCP BG RDC Properties Ltd/Botswana FY15 Earnings --

2016/04/25 PRIMETIM BG PrimeTime Property Holdings Ltd 1H16 Earnings --

2016/04/26 AUSTIN NL Austin Laz & Co PLC FY15 Earnings --

2016/04/26 CUSTODYI NL Custodian and Allied Insurance PLC 1Q16 Earnings --

2016/04/26 ASHAKACE NL Ashaka Cem PLC 1Q16 Earnings --

2016/04/26 WAPCO NL Lafarge Africa PLC 1Q16 Earnings --2016/04/26 SCB GN Standard Chartered Bank Ghana Ltd 1Q16 Earnings --

2016/04/26 JBIC KN Jubilee Holdings Ltd FY15 Earnings 50.753

2016/04/26 G4S BG G4S Security Services Botswana Ltd FY15 Earnings --

2016/04/27 FCMB NL FCMB Group Plc 1Q16 Earnings --

2016/04/27 TOURIST NL Tourist Co of Nigeria PLC 3Q16 Earnings --

2016/04/27 FIDSON NL Fidson Healthcare PLC 1Q16 Earnings --

2016/04/27 TOTAL NL Total Nigeria PLC 1Q16 Earnings 2.497

Page 3: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

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2016/04/27 NESTLE NL Nestle Nigeria PLC 1Q16 Earnings --

2016/04/27 UNIL GN Unilever Ghana Ltd 1Q16 Earnings --

2016/04/27 DCB TZ Dar es Salaam Community Bank FY15 Earnings 64.4

2016/04/28 ANINO NL Anino International PLC FY15 Earnings --

2016/04/28 CORNERST NL Cornerstone Insurance PLC 1Q16 Earnings --

2016/04/28 BETAGLAS NL Beta Glass Co PLC 1Q16 Earnings --

2016/04/28 DNMEYER NL DN Meyer PLC 1Q16 Earnings --

2016/04/28 AFRIPRUD NL Africa Prudential Registrars PLC 1Q16 Earnings --

2016/04/28 CAVERTON NL Caverton Offshore Support Group 1Q16 Earnings --

2016/04/28 SEPLAT NL SEPLAT Petroleum Development Co Plc 1Q16 Earnings --

2016/04/28 TRANSCOR NL Transnational Corp of Nigeria PLC 1Q16 Earnings --

2016/04/28 CADBURY NL Cadbury Nigeria PLC 1Q16 Earnings --

2016/04/28 LINKASSU NL Linkage Assurance PLC 1Q16 Earnings --

2016/04/28 TOTAL GN Total Petroleum Ghana Ltd 1Q16 Earnings --

2016/04/28 TPSEA KN TPS Eastern Africa Ltd FY15 Earnings --

2016/04/28 EXPL KN Express Kenya ltd FY15 Earnings --

2016/04/29 FIDELITY NL Fidelity Bank PLC 1Q16 Earnings 0.14

2016/04/29 NSLTECH NL Secure Electronic Technology PLC 1Q16 Earnings --

2016/04/29 AIICO NL AIICO Insurance PLC 1Q16 Earnings --

2016/04/29 LAWUNION NL Law Union & Rock Insurance PLC 1Q16 Earnings --

2016/04/29 MOBIL NL Mobil Nigeria PLC 1Q16 Earnings 3.57

2016/04/29 PRESCO NL Presco PLC 1Q16 Earnings --

2016/04/29 NEIMETH NL Neimeth International Pharmaceuticals PLC

2Q16 Earnings --

2016/04/29 MORISON NL Morison Industries PLC 1Q16 Earnings --

2016/04/29 INTERLIN NL Interlinked Technologies PLC 3Q16 Earnings --

2016/04/29 PREMPAIN NL Premier Paints PLC 1Q16 Earnings --

2016/04/29 AGLEVENT NL AG Leventis & Co PLC FY15 Earnings --

2016/04/29 AIRSERVI NL Airline Services and Logistics PLC FY15 Earnings --

2016/04/29 ROYALEX NL Royal Exchange PLC FY15 Earnings --

2016/04/29 MAC GN Mega African Capital Ltd 1Q16 Earnings --

2016/04/29 GGBL GN Guinness Ghana Breweries Ltd 3Q16 Earnings --

2016/04/29 FML GN FAN Milk Ltd 1Q16 Earnings --

2016/04/29 CAL GN CAL Bank Ltd 1Q16 Earnings --

2016/04/29 SCAN KN Wpp Scangroup Ltd FY15 Earnings 1.535

2016/04/29 COOP KN Co-operative Bank of Kenya Ltd/The 1Q16 Earnings --

2016/04/29 CRBG KN Crown Paints Kenya Ltd FY15 Earnings --

2016/04/29 AFS BG Afinitas Ltd FY15 Earnings --

United StatesDate Ticker Company Name Event Description Estimate

LC

2016/04/25 HAL US Halliburton Co 1Q16 Earnings 0.044

2016/04/25 LH US Laboratory Corp of America Holdings 1Q16 Earnings 1.954

2016/04/25 ROP US Roper Technologies Inc 1Q16 Earnings 1.461

2016/04/25 XRX US Xerox Corp 1Q16 Earnings 0.23

2016/04/25 UDR US UDR Inc 1Q16 Earnings 0.431

2016/04/25 AAPL US Apple Inc 2Q16 Earnings 1.998

2016/04/25 ESRX US Express Scripts Holding Co 1Q16 Earnings 1.207

2016/04/25 ZION US Zions Bancorporation 1Q16 Earnings 0.393

2016/04/25 PXD US Pioneer Natural Resources Co 1Q16 Earnings -0.758

2016/04/25 RCL US Royal Caribbean Cruises Ltd 1Q16 Earnings 0.312

2016/04/26 BAX US Baxter International Inc 1Q16 Earnings 0.292

2016/04/26 GLW US Corning Inc 1Q16 Earnings 0.284

2016/04/26 DD US EI du Pont de Nemours & Co 1Q16 Earnings 1.034

2016/04/26 ETR US Entergy Corp 1Q16 Earnings 1.235

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2016/04/26 FCX US Freeport-McMoRan Inc 1Q16 Earnings -0.161

2016/04/26 HSY US Hershey Co/The 1Q16 Earnings 1.076

2016/04/26 LLY US Eli Lilly & Co 1Q16 Earnings 0.854

2016/04/26 MMM US 3M Co 1Q16 Earnings 1.924

2016/04/26 PG US Procter & Gamble Co/The 3Q16 Earnings 0.816

2016/04/26 R US Ryder System Inc 1Q16 Earnings 1.052

2016/04/26 PCAR US PACCAR Inc 1Q16 Earnings 0.96

2016/04/26 PNR US Pentair PLC 1Q16 Earnings 0.714

2016/04/26 TROW US T Rowe Price Group Inc 1Q16 Earnings 1.032

2016/04/26 SPG US Simon Property Group Inc 1Q16 Earnings 2.538

2016/04/26 LMT US Lockheed Martin Corp 1Q16 Earnings 2.602

2016/04/26 RAI US Reynolds American Inc 1Q16 Earnings 0.503

2016/04/26 DTE US DTE Energy Co 1Q16 Earnings 1.513

2016/04/26 WYN US Wyndham Worldwide Corp 1Q16 Earnings 1.105

2016/04/26 WHR US Whirlpool Corp 1Q16 Earnings 2.684

2016/04/26 CNC US Centene Corp 1Q16 Earnings 0.723

2016/04/26 IR US Ingersoll-Rand PLC 1Q16 Earnings 0.367

2016/04/26 MAS US Masco Corp 1Q16 Earnings 0.262

2016/04/26 WAT US Waters Corp 1Q16 Earnings 1.233

2016/04/26 MHFI US McGraw Hill Financial Inc 1Q16 Earnings 1.153

2016/04/26 PH US Parker-Hannifin Corp 3Q16 Earnings 1.442

2016/04/26 FLIR US FLIR Systems Inc 1Q16 Earnings 0.321

2016/04/26 COF US Capital One Financial Corp 1Q16 Earnings 1.92

2016/04/26 EW US Edwards Lifesciences Corp 1Q16 Earnings 0.658

2016/04/26 CMG US Chipotle Mexican Grill Inc 1Q16 Earnings -1.05

2016/04/26 AFL US Aflac Inc 1Q16 Earnings 1.623

2016/04/26 T US AT&T Inc 1Q16 Earnings 0.694

2016/04/26 PSA US Public Storage 1Q16 Earnings 2.194

2016/04/26 TMK US Torchmark Corp 1Q16 Earnings 1.064

2016/04/26 TSS US Total System Services Inc 1Q16 Earnings 0.598

2016/04/26 KLAC US KLA-Tencor Corp 3Q16 Earnings 0.982

2016/04/26 CINF US Cincinnati Financial Corp 1Q16 Earnings 0.763

2016/04/26 EQR US Equity Residential 1Q16 Earnings 0.758

2016/04/26 O US Realty Income Corp 1Q16 Earnings 0.705

2016/04/26 BXP US Boston Properties Inc 1Q16 Earnings 1.589

2016/04/26 CHRW US CH Robinson Worldwide Inc 1Q16 Earnings 0.815

2016/04/26 FE US FirstEnergy Corp 1Q16 Earnings 0.76

2016/04/26 EBAY US eBay Inc 1Q16 Earnings 0.446

2016/04/26 AKAM US Akamai Technologies Inc 1Q16 Earnings 0.63

2016/04/26 FTI US FMC Technologies Inc 1Q16 Earnings 0.301

2016/04/26 AIZ US Assurant Inc 1Q16 Earnings 1.261

2016/04/26 AMG US Affiliated Managers Group Inc 1Q16 Earnings 2.922

2016/04/26 COH US Coach Inc 3Q16 Earnings 0.413

2016/04/26 WYNN US Wynn Resorts Ltd 1Q16 Earnings 0.779

2016/04/26 VRSK US Verisk Analytics Inc 1Q16 Earnings 0.761

2016/04/27 HES US Hess Corp 1Q16 Earnings -1.815

2016/04/27 BHI US Baker Hughes Inc 1Q16 Earnings -0.325

2016/04/27 BA US Boeing Co/The 1Q16 Earnings 1.832

2016/04/27 BSX US Boston Scientific Corp 1Q16 Earnings 0.241

2016/04/27 TGNA US TEGNA Inc 1Q16 Earnings 0.414

2016/04/27 GD US General Dynamics Corp 1Q16 Earnings 2.161

2016/04/27 IP US International Paper Co 1Q16 Earnings 0.695

2016/04/27 NOC US Northrop Grumman Corp 1Q16 Earnings 2.483

2016/04/27 UTX US United Technologies Corp 1Q16 Earnings 1.398

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2016/04/27 CMCSA US Comcast Corp 1Q16 Earnings 0.79

2016/04/27 STT US State Street Corp 1Q16 Earnings 0.899

2016/04/27 ROK US Rockwell Automation Inc 2Q16 Earnings 1.332

2016/04/27 LLL US L-3 Communications Holdings Inc 1Q16 Earnings 1.573

2016/04/27 GRMN US Garmin Ltd 1Q16 Earnings 0.419

2016/04/27 DPS US Dr Pepper Snapple Group Inc 1Q16 Earnings 0.861

2016/04/27 ANTM US Anthem Inc 1Q16 Earnings 3.319

2016/04/27 AVY US Avery Dennison Corp 1Q16 Earnings 0.864

2016/04/27 NDAQ US Nasdaq Inc 1Q16 Earnings 0.889

2016/04/27 SO US Southern Co/The 1Q16 Earnings 0.537

2016/04/27 MDLZ US Mondelez International Inc 1Q16 Earnings 0.394

2016/04/27 BEN US Franklin Resources Inc 2Q16 Earnings 0.631

2016/04/27 UNM US Unum Group 1Q16 Earnings 0.91

2016/04/27 TXN US Texas Instruments Inc 1Q16 Earnings 0.621

2016/04/27 ORLY US O'Reilly Automotive Inc 1Q16 Earnings 2.478

2016/04/27 MAR US Marriott International Inc/MD 1Q16 Earnings 0.838

2016/04/27 BCR US CR Bard Inc 1Q16 Earnings 2.169

2016/04/27 EFX US Equifax Inc 1Q16 Earnings 1.154

2016/04/27 XL US XL Group PLC 1Q16 Earnings 0.506

2016/04/27 KIM US Kimco Realty Corp 1Q16 Earnings 0.37

2016/04/27 UHS US Universal Health Services Inc 1Q16 Earnings 1.869

2016/04/27 VAR US Varian Medical Systems Inc 2Q16 Earnings 1.082

2016/04/27 HOLX US Hologic Inc 2Q16 Earnings 0.458

2016/04/27 VRTX US Vertex Pharmaceuticals Inc 1Q16 Earnings 0.291

2016/04/27 AVB US AvalonBay Communities Inc 1Q16 Earnings 1.96

2016/04/27 SNDK US SanDisk Corp 1Q16 Earnings 0.546

2016/04/27 AMP US Ameriprise Financial Inc 1Q16 Earnings 2.199

2016/04/27 FSLR US First Solar Inc 1Q16 Earnings 0.865

2016/04/27 FB US Facebook Inc 1Q16 Earnings 0.624

2016/04/27 PYPL US PayPal Holdings Inc 1Q16 Earnings 0.353

2016/04/27 GT US Goodyear Tire & Rubber Co/The 1Q16 Earnings 0.711

2016/04/27 HOT US Starwood Hotels & Resorts Worldwide Inc

1Q16 Earnings 0.584

2016/04/27 XLNX US Xilinx Inc 4Q16 Earnings 0.522

2016/04/27 ADT US ADT Corp/The 2Q16 Earnings 0.499

2016/04/28 APD US Air Products & Chemicals Inc 2Q16 Earnings 1.805

2016/04/28 ADP US Automatic Data Processing Inc 3Q16 Earnings 1.173

2016/04/28 BLL US Ball Corp 1Q16 Earnings 0.679

2016/04/28 BMY US Bristol-Myers Squibb Co 1Q16 Earnings 0.642

2016/04/28 CMS US CMS Energy Corp 1Q16 Earnings 0.643

2016/04/28 CCE US Coca-Cola Enterprises Inc 1Q16 Earnings 0.397

2016/04/28 DOW US Dow Chemical Co/The 1Q16 Earnings 0.819

2016/04/28 EQT US EQT Corp 1Q16 Earnings -0.032

2016/04/28 NEE US NextEra Energy Inc 1Q16 Earnings 1.374

2016/04/28 MMC US Marsh & McLennan Cos Inc 1Q16 Earnings 0.883

2016/04/28 COP US ConocoPhillips 1Q16 Earnings -0.968

2016/04/28 SCG US SCANA Corp 1Q16 Earnings 1.33

2016/04/28 TMO US Thermo Fisher Scientific Inc 1Q16 Earnings 1.741

2016/04/28 CAH US Cardinal Health Inc 3Q16 Earnings 1.325

2016/04/28 CELG US Celgene Corp 1Q16 Earnings 1.275

2016/04/28 WM US Waste Management Inc 1Q16 Earnings 0.553

2016/04/28 BWA US BorgWarner Inc 1Q16 Earnings 0.782

2016/04/28 LVLT US Level 3 Communications Inc 1Q16 Earnings 0.425

2016/04/28 ALXN US Alexion Pharmaceuticals Inc 1Q16 Earnings 1.132

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2016/04/28 IRM US Iron Mountain Inc 1Q16 Earnings 0.477

2016/04/28 NOV US National Oilwell Varco Inc 1Q16 Earnings -0.099

2016/04/28 AME US AMETEK Inc 1Q16 Earnings 0.572

2016/04/28 CME US CME Group Inc/IL 1Q16 Earnings 1.15

2016/04/28 TWC US Time Warner Cable Inc 1Q16 Earnings 1.755

2016/04/28 MA US MasterCard Inc 1Q16 Earnings 0.849

2016/04/28 MJN US Mead Johnson Nutrition Co 1Q16 Earnings 0.833

2016/04/28 MPC US Marathon Petroleum Corp 1Q16 Earnings 0.162

2016/04/28 ABBV US AbbVie Inc 1Q16 Earnings 1.141

2016/04/28 ALLE US Allegion PLC 1Q16 Earnings 0.643

2016/04/28 AET US Aetna Inc 1Q16 Earnings 2.227

2016/04/28 AEP US American Electric Power Co Inc 1Q16 Earnings 1.059

2016/04/28 CBG US CBRE Group Inc 1Q16 Earnings 0.347

2016/04/28 F US Ford Motor Co 1Q16 Earnings 0.468

2016/04/28 MO US Altria Group Inc 1Q16 Earnings 0.684

2016/04/28 RTN US Raytheon Co 1Q16 Earnings 1.374

2016/04/28 IVZ US Invesco Ltd 1Q16 Earnings 0.542

2016/04/28 SEE US Sealed Air Corp 1Q16 Earnings 0.476

2016/04/28 ZBH US Zimmer Biomet Holdings Inc 1Q16 Earnings 1.931

2016/04/28 UPS US United Parcel Service Inc 1Q16 Earnings 1.22

2016/04/28 HAR US Harman International Industries Inc 3Q16 Earnings 1.417

2016/04/28 VIAB US Viacom Inc 2Q16 Earnings 0.782

2016/04/28 CL US Colgate-Palmolive Co 1Q16 Earnings 0.629

2016/04/28 VRSN US VeriSign Inc 1Q16 Earnings 0.831

2016/04/28 PFG US Principal Financial Group Inc 1Q16 Earnings 0.989

2016/04/28 EMN US Eastman Chemical Co 1Q16 Earnings 1.529

2016/04/28 LEG US Leggett & Platt Inc 1Q16 Earnings 0.55

2016/04/28 WDC US Western Digital Corp 3Q16 Earnings 1.28

2016/04/28 AMGN US Amgen Inc 1Q16 Earnings 2.626

2016/04/28 SWKS US Skyworks Solutions Inc 2Q16 Earnings 1.245

2016/04/28 FLS US Flowserve Corp 1Q16 Earnings 0.421

2016/04/28 GILD US Gilead Sciences Inc 1Q16 Earnings 3.134

2016/04/28 RRC US Range Resources Corp 1Q16 Earnings -0.202

2016/04/28 ESS US Essex Property Trust Inc 1Q16 Earnings 2.629

2016/04/28 AIV US Apartment Investment & Management Co

1Q16 Earnings 0.549

2016/04/28 HIG US Hartford Financial Services Group Inc/The

1Q16 Earnings 1.039

2016/04/28 SRCL US Stericycle Inc 1Q16 Earnings 1.134

2016/04/28 RSG US Republic Services Inc 1Q16 Earnings 0.476

2016/04/28 JNPR US Juniper Networks Inc 1Q16 Earnings 0.389

2016/04/28 EXPE US Expedia Inc 1Q16 Earnings -0.032

2016/04/28 PPL US PPL Corp 1Q16 Earnings 0.754

2016/04/28 MLM US Martin Marietta Materials Inc 1Q16 Earnings 0.361

2016/04/28 AMZN US Amazon.com Inc 1Q16 Earnings 0.593

2016/04/28 PWR US Quanta Services Inc 1Q16 Earnings 0.261

2016/04/28 BXLT US Baxalta Inc 1Q16 Earnings 0.46

2016/04/29 AON US Aon PLC 1Q16 Earnings 1.33

2016/04/29 COG US Cabot Oil & Gas Corp 1Q16 Earnings -0.126

2016/04/29 CVX US Chevron Corp 1Q16 Earnings -0.138

2016/04/29 ETN US Eaton Corp PLC 1Q16 Earnings 0.854

2016/04/29 XOM US Exxon Mobil Corp 1Q16 Earnings 0.296

2016/04/29 HST US Host Hotels & Resorts Inc 1Q16 Earnings 0.375

2016/04/29 NWL US Newell Brands Inc 1Q16 Earnings 0.378

2016/04/29 PNW US Pinnacle West Capital Corp 1Q16 Earnings 0.117

Page 7: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

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2016/04/29 PX US Praxair Inc 1Q16 Earnings 1.259

2016/04/29 TYC US Tyco International Plc 2Q16 Earnings 0.451

2016/04/29 VTR US Ventas Inc 1Q16 Earnings 1.025

2016/04/29 MCO US Moody's Corp 1Q16 Earnings 1.063

2016/04/29 STX US Seagate Technology PLC 3Q16 Earnings 0.419

2016/04/29 WRK US WestRock Co 2Q16 Earnings 0.516

2016/04/29 VFC US VF Corp 1Q16 Earnings 0.584

2016/04/29 LM US Legg Mason Inc 4Q16 Earnings -0.029

2016/04/29 AMT US American Tower Corp 1Q16 Earnings 1.245

2016/04/29 PSX US Phillips 66 1Q16 Earnings 0.873

2016/04/29 PEG US Public Service Enterprise Group Inc 1Q16 Earnings 0.897

2016/04/29 ARG US Airgas Inc 4Q16 Earnings 1.224

EuropeDate Ticker Company Name Event Description Estimate

LC

2016/04/25 1COV GR Covestro AG 1Q16 Earnings 0.763

2016/04/25 ALFA SS Alfa Laval AB 1Q16 Earnings 1.804

2016/04/25 AMS SW ams AG 1Q16 Earnings 0.303

2016/04/25 ERF FP Eurofins Scientific SE 1Q16 Sales and Revenue --

2016/04/25 PHIA NA Koninklijke Philips NV 1Q16 Earnings 0.157

2016/04/25 SAND SS Sandvik AB 1Q16 Earnings 1.082

2016/04/25 TNTE NA TNT Express NV 1Q16 Earnings 0.01

2016/04/26 AI FP Air Liquide SA 1Q16 Sales and Revenue --

2016/04/26 ATCOA SS Atlas Copco AB 1Q16 Earnings 2.561

2016/04/26 BATS LN British American Tobacco PLC 1Q16 Sales and Revenue --

2016/04/26 BAYN GR Bayer AG 1Q16 Earnings 2.175

2016/04/26 BP/ LN BP PLC 1Q16 Earnings -0.016

2016/04/26 DSM NA Koninklijke DSM NV 1Q16 Earnings 0.595

2016/04/26 FABG SS Fabege AB 1Q16 Earnings 1.052

2016/04/26 FCAU US Fiat Chrysler Automobiles NV 1Q16 Earnings 0.228

2016/04/26 FR FP Valeo SA 1Q16 Sales and Revenue --

2016/04/26 INF LN Informa PLC 1Q16 Sales and Revenue --

2016/04/26 ING FP Ingenico Group SA 1Q16 Sales and Revenue --

2016/04/26 LONN VX Lonza Group AG 1Q16 Sales and Revenue --

2016/04/26 MAN GR MAN SE 1Q16 Earnings --

2016/04/26 RAND NA Randstad Holding NV 1Q16 Earnings 0.64

2016/04/26 RCF FP Teleperformance 1Q16 Earnings --

2016/04/26 SAF FP Safran SA 1Q16 Sales and Revenue --

2016/04/26 STJ LN St James's Place PLC 1Q16 Sales and Revenue --

2016/04/26 SWEDA SS Swedbank AB 1Q16 Earnings 3.665

2016/04/26 UMI BB Umicore SA 1Q16 Sales and Revenue --

2016/04/26 UPM1V FH UPM-Kymmene OYJ 1Q16 Earnings 0.336

2016/04/26 WTB LN Whitbread PLC FY16 Earnings 2.344

2016/04/27 AENA SM Aena SA 1Q16 Earnings 0.083

2016/04/27 ANTO LN Antofagasta PLC 1Q16 Sales and Revenue --

2016/04/27 ASSAB SS Assa Abloy AB 1Q16 Earnings 1.531

2016/04/27 BARC LN Barclays PLC 1Q16 Earnings 0.046

2016/04/27 BB FP Societe BIC SA 1Q16 Earnings --

2016/04/27 CAP FP Capgemini SA 1Q16 Sales and Revenue --

2016/04/27 CRDA LN Croda International PLC 1Q16 Sales and Revenue --

2016/04/27 CRH ID CRH PLC 1Q16 Sales and Revenue --

2016/04/27 DB1 GR Deutsche Boerse AG 1Q16 Earnings 1.265

2016/04/27 DELB BB Delhaize Group 1Q16 Earnings 1.125

2016/04/27 ELM LN Elementis PLC 1Q16 Sales and Revenue --

Page 8: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

8

2016/04/27 FP FP TOTAL SA 1Q16 Earnings 0.412

2016/04/27 GLB ID Glanbia PLC 1Q16 Sales and Revenue --

2016/04/27 GSK LN GlaxoSmithKline PLC 1Q16 Earnings 0.178

2016/04/27 HGG LN Henderson Group PLC 1Q16 Sales and Revenue --

2016/04/27 KESBV FH Kesko OYJ 1Q16 Earnings 0.258

2016/04/27 KGX GR KION Group AG 1Q16 Earnings 0.563

2016/04/27 KINVB SS Investment AB Kinnevik 1Q16 Earnings --

2016/04/27 KYG ID Kerry Group PLC 1Q16 Sales and Revenue --

2016/04/27 LSE LN London Stock Exchange Group PLC 1Q16 Sales and Revenue --

2016/04/27 NDA SS Nordea Bank AB 1Q16 Earnings 0.201

2016/04/27 NESTE FH Neste Oyj 1Q16 Earnings 0.531

2016/04/27 NHY NO Norsk Hydro ASA 1Q16 Earnings 0.477

2016/04/27 ORNBV FH Orion Oyj 1Q16 Earnings 0.425

2016/04/27 QGEN US QIAGEN NV 1Q16 Earnings 0.197

2016/04/27 REE SM Red Electrica Corp SA 1Q16 Earnings --

2016/04/27 SAN SM Banco Santander SA 1Q16 Earnings 0.11

2016/04/27 SCR FP SCOR SE 1Q16 Earnings 0.873

2016/04/27 SEBA SS Skandinaviska Enskilda Banken AB 1Q16 Earnings -0.211

2016/04/27 SGO FP Cie de Saint-Gobain 1Q16 Sales and Revenue --

2016/04/27 SL/ LN Standard Life PLC 1Q16 Sales and Revenue --

2016/04/27 SMDS LN DS Smith PLC 4Q16 Sales and Revenue --

2016/04/27 SOBI SS Swedish Orphan Biovitrum AB 1Q16 Earnings 1.178

2016/04/27 STL NO Statoil ASA 1Q16 Earnings 0.063

2016/04/27 STM IM STMicroelectronics NV 1Q16 Earnings -0.034

2016/04/21 ERICB SS Telefonaktiebolaget LM Ericsson 1Q16 Earnings 0.995

2016/04/20 TLSN SS TeliaSonera AB 1Q16 Earnings 0.769

2016/04/27 SYDB DC Sydbank A/S 1Q16 Earnings 4.09

2016/04/27 TEL NO Telenor ASA 1Q16 Earnings 2.281

2016/04/27 TEN IM Tenaris SA 1Q16 Earnings 0.024

2016/04/27 UG FP Peugeot SA 1Q16 Sales and Revenue --

2016/04/27 UNIB SS Unibet Group PLC 1Q16 Earnings 0.23

2016/04/28 ABE SM Abertis Infraestructuras SA 1Q16 Earnings 0.48

2016/04/28 ADP FP Aeroports de Paris 1Q16 Earnings --

2016/04/28 AGK LN Aggreko PLC 1Q16 Sales and Revenue --

2016/04/28 AIR FP Airbus Group SE 1Q16 Earnings 0.373

2016/04/28 BBVA SM Banco Bilbao Vizcaya Argentaria SA 1Q16 Earnings 0.125

2016/04/28 BKIR ID Bank of Ireland 1Q16 Sales and Revenue --

2016/04/28 BME SM Bolsas y Mercados Espanoles SHMSF SA

1Q16 Earnings 0.5

2016/04/28 BRSN LN Berendsen PLC 1Q16 Sales and Revenue --

2016/04/28 CABK SM CaixaBank SA 1Q16 Earnings 0.06

2016/04/28 CLN VX Clariant AG 1Q16 Earnings 0.305

2016/04/28 COB LN Cobham PLC 1Q16 Sales and Revenue --

2016/04/28 COFB BB Cofinimmo SA 1Q16 Earnings 1.47

2016/04/28 DBK GR Deutsche Bank AG 1Q16 Earnings 0.427

2016/04/28 DG FP Vinci SA 1Q16 Earnings --2016/04/28 DNB NO DNB ASA 1Q16 Earnings 2.82

2016/04/28 ELUXB SS Electrolux AB 1Q16 Earnings 2.532

2016/04/28 FINGB SS Fingerprint Cards AB 1Q16 Earnings 8

2016/04/28 FUM1V FH Fortum OYJ 1Q16 Earnings 0.282

2016/04/28 GEBN VX Geberit AG 1Q16 Earnings --

2016/04/28 GJF NO Gjensidige Forsikring ASA 1Q16 Earnings 1.584

2016/04/28 HWDN LN Howden Joinery Group PLC 1Q16 Sales and Revenue --

2016/04/28 IPN FP Ipsen SA 1Q16 Sales and Revenue --

Page 9: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

9

2016/04/28 JMT PL Jeronimo Martins SGPS SA 1Q16 Earnings 0.125

2016/04/28 JYSK DC Jyske Bank A/S 1Q16 Earnings 4.79

2016/04/28 LI FP Klepierre 1Q16 Sales and Revenue --

2016/04/28 LLOY LN Lloyds Banking Group PLC 1Q16 Earnings 0.022

2016/04/28 LOGN SW Logitech International SA FY16 Earnings 0.887

2016/04/28 MTX GR MTU Aero Engines AG 1Q16 Earnings 1.513

2016/04/28 RMS FP Hermes International 1Q16 Sales and Revenue --

2016/04/28 SCAB SS Svenska Cellulosa AB SCA 1Q16 Earnings 2.956

2016/04/28 SCHP VX Schindler Holding AG 1Q16 Earnings 1.42

2016/04/28 SDR LN Schroders PLC 1Q16 Sales and Revenue --

2016/04/28 SK FP SEB SA 1Q16 Sales and Revenue --

2016/04/28 SKFB SS SKF AB 1Q16 Earnings 2.647

2016/04/28 STERV FH Stora Enso OYJ 1Q16 Earnings 0.2

2016/04/28 SUBC NO Subsea 7 SA 1Q16 Earnings 0.194

2016/04/28 TEC FP Technip SA 1Q16 Earnings 1.084

2016/04/28 TLW LN Tullow Oil PLC 1Q16 Sales and Revenue --

2016/04/28 TNET BB Telenet Group Holding NV 1Q16 Earnings --

2016/04/28 TW/ LN Taylor Wimpey PLC 1Q16 Sales and Revenue --

2016/04/28 VOW GR Volkswagen AG FY15 Earnings 20.917

2016/04/28 WEIR LN Weir Group PLC/The 1Q16 Sales and Revenue --

2016/04/28 WPP LN WPP PLC 1Q16 Sales and Revenue --

2016/04/29 AZN LN AstraZeneca PLC 1Q16 Earnings 0.969

2016/04/29 BAS GR BASF SE 1Q16 Earnings 1.415

2016/04/29 BKIA SM Bankia SA 1Q16 Earnings 0.02

2016/04/29 CNHI US CNH Industrial NV 1Q16 Earnings 0.039

2016/04/29 DANSKE DC Danske Bank A/S 1Q16 Earnings 4.218

2016/04/29 ENGI FP Engie SA 1Q16 Earnings --

2016/04/29 ENI IM Eni SpA 1Q16 Earnings -0.04

2016/04/29 FPE GR FUCHS PETROLUB SE 1Q16 Earnings 0.45

2016/04/29 GALP PL Galp Energia SGPS SA 1Q16 Earnings 0.098

2016/04/29 GTO NA Gemalto NV 1Q16 Sales and Revenue --

2016/04/29 HPOLB SS Hexpol AB 1Q16 Earnings 1.054

2016/04/29 IAG LN International Consolidated Airlines Group SA

1Q16 Earnings 1.7

2016/04/29 IBE SM Iberdrola SA 1Q16 Earnings 0.107

2016/04/29 KPN NA Koninklijke KPN NV 1Q16 Earnings 0.005

2016/04/29 LIN GR Linde AG 1Q16 Earnings 1.56

2016/04/29 LUX IM Luxottica Group SpA 1Q16 Earnings 0.465

2016/04/29 NCCA SS NCC AB 1Q16 Earnings -1.39

2016/04/29 NK FP Imerys SA 1Q16 Earnings --

2016/04/29 NOVOB DC Novo Nordisk A/S 1Q16 Earnings 3.577

2016/04/29 OCI NA OCI NV FY15 Earnings 0.755

2016/04/29 PAH3 GR Porsche Automobil Holding SE FY15 Earnings 7.326

2016/04/29 NCCA SS NCC AB 1Q16 Earnings -1.39

2016/04/29 NK FP Imerys SA 1Q16 Earnings --

2016/04/29 NOVOB DC Novo Nordisk A/S 1Q16 Earnings 3.577

2016/04/29 OCI NA OCI NV FY15 Earnings 0.755

2016/04/29 PAH3 GR Porsche Automobil Holding SE FY15 Earnings 7.326

2016/04/29 POP SM Banco Popular Espanol SA 1Q16 Earnings 0.04

2016/04/29 RBS LN Royal Bank of Scotland Group PLC 1Q16 Earnings 0.023

2016/04/29 ROR LN Rotork PLC 1Q16 Sales and Revenue --

2016/04/29 RXL FP Rexel SA 1Q16 Earnings 0.15

2016/04/29 SAN FP Sanofi 1Q16 Earnings 1.299

2016/04/29 SESG FP SES SA 1Q16 Sales and Revenue --

Page 10: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

10

2016/04/29 SHP LN Shire PLC 1Q16 Earnings 1.014

2016/04/29 SREN VX Swiss Re AG 1Q16 Earnings 3.015

2016/04/29 TCH FP Technicolor SA 1Q16 Sales and Revenue --

2016/04/29 TEF SM Telefonica SA 1Q16 Earnings 0.14

2016/04/29 ULE LN Ultra Electronics Holdings PLC 1Q16 Sales and Revenue --

2016/04/29 VWS DC Vestas Wind Systems A/S 1Q16 Earnings 0.294

Asia-PacificDate Ticker Company Name Event Description Estimate

LC

2016/04/25 1099 HK Sinopharm Group Co Ltd 1Q16 Earnings --

2016/04/26 7751 JP Canon Inc 1Q16 Earnings 38.1

2016/04/26 5411 JP JFE Holdings Inc FY16 Earnings 56.923

2016/04/26 4063 JP Shin-Etsu Chemical Co Ltd FY16 Earnings 337.979

2016/04/26 8035 JP Tokyo Electron Ltd FY16 Earnings 450.553

2016/04/26 914 HK Anhui Conch Cement Co Ltd 1Q16 Earnings 0.175

2016/04/26 3988 HK Bank of China Ltd 1Q16 Earnings 0.15

2016/04/26 1800 HK China Communications Construction Co Ltd

1Q16 Earnings --

2016/04/26 902 HK Huaneng Power International Inc 1Q16 Earnings 0.27

2016/04/26 2318 HK Ping An Insurance Group Co of China Ltd

1Q16 Earnings 0.94

2016/04/26 RMD US ResMed Inc 3Q16 Earnings 0.686

2016/04/26 600600 CH Tsingtao Brewery Co Ltd 1Q16 Earnings 0.365

2016/04/27 6857 JP Advantest Corp FY16 Earnings 39.877

2016/04/27 6770 JP Alps Electric Co Ltd FY16 Earnings 215.606

2016/04/27 9022 JP Central Japan Railway Co FY16 Earnings 1689.08

2016/04/27 9020 JP East Japan Railway Co FY16 Earnings 649.268

2016/04/27 6954 JP FANUC Corp FY16 Earnings 793.023

2016/04/27 6504 JP Fuji Electric Co Ltd FY16 Earnings 40.011

2016/04/27 4901 JP FUJIFILM Holdings Corp FY16 Earnings 257.389

2016/04/27 7205 JP Hino Motors Ltd FY16 Earnings 131.482

2016/04/27 6305 JP Hitachi Construction Machinery Co Ltd FY16 Earnings 40.693

2016/04/27 4452 JP Kao Corp 1Q16 Earnings --

2016/04/27 7012 JP Kawasaki Heavy Industries Ltd FY16 Earnings 27.121

2016/04/27 2801 JP Kikkoman Corp FY16 Earnings 103.699

2016/04/27 6301 JP Komatsu Ltd FY16 Earnings 145.549

2016/04/27 6971 JP Kyocera Corp FY16 Earnings 237.899

2016/04/27 4151 JP Kyowa Hakko Kirin Co Ltd 1Q16 Earnings 5.5

2016/04/27 7261 JP Mazda Motor Corp FY16 Earnings 266.706

2016/04/27 7211 JP Mitsubishi Motors Corp FY16 Earnings 100.788

2016/04/27 8604 JP Nomura Holdings Inc FY16 Earnings 49.195

2016/04/27 9532 JP Osaka Gas Co Ltd FY16 Earnings 40.231

2016/04/27 9021 JP West Japan Railway Co FY16 Earnings 498.844

2016/04/27 8628 JP (P) Matsui Securities Co Ltd FY16 Earnings 58.928

2016/04/27 998 HK China CITIC Bank Corp Ltd 1Q16 Earnings 0.225

2016/04/27 1199 HK COSCO Pacific Ltd 1Q16 Earnings --

2016/04/27 601766 CH CRRC Corp Ltd 1Q16 Earnings 0.08

2016/04/27 600837 CH Haitong Securities Co Ltd 1Q16 Earnings 0.217

2016/04/28 9202 JP ANA Holdings Inc FY16 Earnings 19.074

2016/04/28 2502 JP Asahi Group Holdings Ltd 1Q16 Earnings 30.59

2016/04/28 9502 JP Chubu Electric Power Co Inc FY16 Earnings 204.193

2016/04/28 8601 JP Daiwa Securities Group Inc FY16 Earnings 68.78

2016/04/28 6902 JP Denso Corp FY16 Earnings 320.792

2016/04/28 6702 JP Fujitsu Ltd FY16 Earnings 41.728

2016/04/28 7267 JP Honda Motor Co Ltd FY16 Earnings 303.726

Page 11: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

11

2016/04/28 6473 JP JTEKT Corp FY16 Earnings 150.074

2016/04/28 9503 JP Kansai Electric Power Co Inc/The FY16 Earnings 166.283

2016/04/28 9107 JP Kawasaki Kisen Kaisha Ltd FY16 Earnings -53.997

2016/04/28 9008 JP Keio Corp FY16 Earnings 34.17

2016/04/28 9009 JP Keisei Electric Railway Co Ltd FY16 Earnings 91.488

2016/04/28 2503 JP Kirin Holdings Co Ltd 1Q16 Earnings 22.84

2016/04/28 5406 JP Kobe Steel Ltd FY16 Earnings -5.071

2016/04/28 6503 JP Mitsubishi Electric Corp FY16 Earnings 103.152

2016/04/28 9301 JP Mitsubishi Logistics Corp FY16 Earnings 52.32

2016/04/28 7003 JP Mitsui Engineering & Shipbuilding Co Ltd FY16 Earnings 8.533

2016/04/28 9104 JP Mitsui OSK Lines Ltd FY16 Earnings -142.817

2016/04/28 6701 JP NEC Corp FY16 Earnings 25.862

2016/04/28 5333 JP NGK Insulators Ltd FY16 Earnings 159.288

2016/04/28 5214 JP Nippon Electric Glass Co Ltd 1Q16 Earnings 7.27

2016/04/28 5401 JP Nippon Steel & Sumitomo Metal Corp FY16 Earnings 162.577

2016/04/28 9101 JP Nippon Yusen KK FY16 Earnings 14.394

2016/04/28 5413 JP Nisshin Steel Co Ltd FY16 Earnings 11.375

2016/04/28 6988 JP Nitto Denko Corp FY16 Earnings 508.936

2016/04/28 9437 JP NTT DOCOMO Inc FY16 Earnings 136.966

2016/04/28 9007 JP Odakyu Electric Railway Co Ltd FY16 Earnings 38.899

2016/04/28 6103 JP OKUMA Corp FY16 Earnings 82.193

2016/04/28 6752 JP Panasonic Corp FY16 Earnings 79.402

2016/04/28 7752 JP Ricoh Co Ltd FY16 Earnings 92.973

2016/04/28 6758 JP Sony Corp FY16 Earnings 125.595

2016/04/28 6762 JP TDK Corp FY16 Earnings 525.366

2016/04/28 9001 JP Tobu Railway Co Ltd FY16 Earnings 24.085

2016/04/28 9501 JP Tokyo Electric Power Co Holdings Inc FY16 Earnings 190.19

2016/04/28 9531 JP Tokyo Gas Co Ltd FY16 Earnings 51.729

2016/04/28 5332 JP TOTO Ltd FY16 Earnings 202.907

2016/04/28 8015 JP Toyota Tsusho Corp FY16 Earnings 96.18

2016/04/28 4689 JP Yahoo Japan Corp FY16 Earnings 30.174

2016/04/28 7951 JP Yamaha Corp FY16 Earnings 182.659

2016/04/28 9064 JP Yamato Holdings Co Ltd FY16 Earnings 97.963

2016/04/28 1288 HK Agricultural Bank of China Ltd 1Q16 Earnings 0.155

2016/04/28 753 HK Air China Ltd 1Q16 Earnings --

2016/04/28 3328 HK Bank of Communications Co Ltd 1Q16 Earnings 0.22

2016/04/28 1211 HK BYD Co Ltd 1Q16 Earnings 0.14

2016/04/28 2628 HK China Life Insurance Co Ltd 1Q16 Earnings 0.5

2016/04/28 916 HK China Longyuan Power Group Corp Ltd 1Q16 Earnings 0.11

2016/04/28 600036 CH China Merchants Bank Co Ltd 1Q16 Earnings 0.655

2016/04/28 941 HK China Mobile Ltd 1Q16 Earnings 1.12

2016/04/28 3323 HK China National Building Material Co Ltd 1Q16 Earnings 0.04

2016/04/28 2883 HK China Oilfield Services Ltd 1Q16 Earnings 0.062

2016/04/28 386 HK China Petroleum & Chemical Corp 1Q16 Earnings 0.071

2016/04/28 728 HK China Telecom Corp Ltd 1Q16 Earnings 0.05

2016/04/28 2202 HK China Vanke Co Ltd 1Q16 Earnings 0.3

2016/04/28 601398 CH Industrial & Commercial Bank of China Ltd

1Q16 Earnings 0.195

2016/04/28 358 HK Jiangxi Copper Co Ltd 1Q16 Earnings 0.02

2016/04/28 857 HK PetroChina Co Ltd 1Q16 Earnings 0.002

2016/04/29 BTT AU BT Investment Management Ltd 1H16 Earnings 0.293

2016/04/29 939 HK China Construction Bank Corp 1Q16 Earnings 0.25

2016/04/29 600016 CH China Minsheng Banking Corp Ltd 1Q16 Earnings 0.38

2016/04/29 601601 CH China Pacific Insurance Group Co Ltd 1Q16 Earnings 0.595

Page 12: Week AHEAD · 2016-04-25 · difficult market conditions and highly competitive environment in which the company operates. Group turnover is expected to increase by 8.2% y/y (FY15:6.1%)

Disclaimer: The valuations, calculations, prices, opinions and all other information (the “information”) contained in this document is issued by FNB Securities (Pty) Ltd (Reg no: 1996/011732/07) (“FNB Securities”) - a part of the FirstRand Group. An Authorised user of the Johannesburg Stock Exchange (JSE) and Financial Services Provider (FSP182). Whilst all care has been taken in the provision of the information in this document, this information is provided without liability to us, our affiliates or any officers or employees of ours. The information expressed in this document is done in good faith and is not intended to constitute any form of advice, including but not limited to financial, legal or tax advice. Some of the information may have been provided or sourced from third parties and we do not in any way guarantee its accuracy or correctness. At all times we will endeavour to ensure that information obtained from any third party is accurate and reliable. FNB Securities and its affiliates disclaims and assumes no liability for any loss or damage (direct, indirect or consequential) that may be suffered from using or relying on the information contained herein. Investment in shares may cause exposure to certain risks, including market risk, and may therefore not be suitable for all clients. Please contact your relationship manager for a personal financial analysis prior to making any investment decisions. FNB Securities and its affiliates disclaims and assumes no liability for any loss or damage (direct, indirect or consequential) that may be suffered from using or relying on the information contained herein without seeking professional advice.

All rights in the FTSE/JSE Africa Index Series vest in the JSE and in FTSE International Limited (“FTSE”) jointly. FTSE™ is a trade mark of the London Stock Exchange Group of Companies (“LSE”). JSE™ is a trade mark of the JSE.

2016/04/29 1186 HK China Railway Construction Corp Ltd 1Q16 Earnings 0.2

2016/04/29 390 HK China Railway Group Ltd 1Q16 Earnings 0.09

2016/04/29 1088 HK China Shenhua Energy Co Ltd 1Q16 Earnings 0.19

2016/04/29 000776 CH GF Securities Co Ltd 1Q16 Earnings 0.225

2016/04/29 601688 CH Huatai Securities Co Ltd 1Q16 Earnings 0.29

2016/04/29 1336 HK New China Life Insurance Co Ltd 1Q16 Earnings 1.03

SA DividendsTicker Company Name LDT Ex Date Pay Date Type Amount

OML Old Mutual PLC 2016/03/23 2016/03/24 2016/04/29 Final GBp 6.25

RCL RCL Foods Ltd/South Africa 2016/04/15 2016/04/18 2016/04/25 Interim ZAc 15

PPE Purple Group Ltd 2016/04/15 2016/04/18 2016/04/25 Return Prem. ZAc 0.65

RCL RCL Foods Ltd/South Africa 2016/04/15 2016/04/18 2016/04/25 Interim ZAc 15

SFN Sasfin Holdings Ltd 2016/04/15 2016/04/18 2016/04/25 Interim ZAc 98.575

SBK Standard Bank Group Ltd 2016/04/15 2016/04/18 2016/04/25 Final ZAc 371

TAW Tawana Resources NL 2016/04/22 2016/04/25 2016/04/21 Stock Split 1 for 20

ANB Anheuser-Busch InBev SA/ 2016/04/28 2016/04/29 2016/05/09 Final EUR 2

AIA Ascension Properties Ltd 2016/04/28 2016/04/29 2016/05/09 Interim ZAc 21.9975

GPL Grand Parade Investments 2016/04/28 2016/04/29 2016/05/09 Regular Cash ZAc 15

NFP New Frontier Properties Ltd 2016/04/28 2016/04/29 2016/05/09 Regular Cash GBp 3.6

ZED Zeder Investments Ltd 2016/04/28 2016/04/29 2016/05/09 Regular Cash ZAc 9

Other SA Corporate ActionsDate Ticker Company Name Event Description Detail

2016/04/25 TAW Tawana Resources NL Pay Date Consolidation 1 per 20

2016/04/25 COH Curro Holdings Limited Pay Date Rights Distribution 9.09091 rights per 100

2016/04/25 PPE Purple Group Ltd Pay Date Cash Distribution (Capital) ZAR0.0065 per share

2016/04/25 TAW Tawana Resources NL Withdrawal Date Consolidation 1 per 20

2016/04/25 COH Curro Holdings Limited Offer Opens Call on Rights (Take-up) 1 share per 1 right at ZAR33.00 per share Default - Lapse

2016/04/26 LAB Labat Africa Ltd Meeting AGM

2016/04/27 ANB Anheuser- Busch Meeting AGM

2016/04/27 BTI British American Tobacco PLC Meeting AGM

2016/04/29 IPL Imperial Holdings Ltd Meeting GM

2016/04/29 JBL Jubilee Platinum PLC Meeting GM

2016/04/29 SOV Soverign Food Investments Ltd Meeting GM

2016/04/29 IPL Imperial Holdings Ltd Meeting GM

2016/04/29 JBL Jubilee Platinum PLC Meeting GM

2016/04/29 SOV Soverign Food Investments Ltd Meeting GM