August 2nd, 2016

Facebook Inc. (NASDAQ: FB)

NASDAQ:FB (2016-08-01)
Price D-1

US$124.31

52-week high/low

US$128.33-US$72

20-day average

23.505mln shares

volume
Shares outstanding

2,322,958,729

Market cap.

US$356,934,817,865

Analyst consensus

US$155.7

Facebook Inc. (NASDAQ:FB) share price surged to its all-time high

(US$128.33) on July 28th, 2016, after releasing Q216 financials. Q216
revenue from advertising rose 63% compared to year earlier to US$6.2
billion which resulted in total revenue to exceed analysts forecast. Total
revenue grew 59% y.o.y to US$6.4 billion.
Facebook Inc is now the 5th largest company in terms of market cap
in the U.S.
Facebook Inc transferred its global operations to Ireland in 2010,
which derived issues with the IRS. If Facebook loses this battle with IRS,
the company may have to pay U.S. tax liabilities of US$5 billion to the
IRS.

YTD%: 21.6%
YoY%: 32%

43 analysts recommend to Buy, 6 analysts recommend to Hold

and 1 analyst recommend to Sell. On July 28th, 2016, Goldman Sachs
analysts predicted 12-month target price to be US$162. Average 12month target price reached US$155.7.

Source: Bloomberg

Position

Ownership
%

FMR LLC

152,468,425

6.56%

Vanguard
Group Inc

136,083,032

5.86%

Blackrock

128,030,636

5.51%

85,825,821

3.69%

67,941,105

2.92%

Holder

State Street
Corp
T Rowe Price
Associates

Others: JP Morgan Chase & Co ,Morgan Stanley,

Bank of NY Mellon etc.

Revenue
Ads
Payments & other fees
Total expenses
Operating income
Net income
EPS
Total assets
Total liabilities
Total shareholders equity

Q216
6,436
6,239
197
3,690
2,746
2,055
US$0.71
55,739
5,356
50,383

/in million US$/

Q215
Change
4,042
59.23%
3,827
63.03%
215
-8.37%
2,769
33.26%
1,273
115.71%
719
185.81%
US$0.25
184%
43,870
4,418
39,452

27.05%
21.23%
27.71%

Source: Bloomberg Terminal, Bloomberg.com, facebook.com

August 2nd, 2016

Apple Inc. (NASDAQ: AAPL)

NASDAQ:AAPL (2016-08-01)

Q316 revenue of Apple Inc. (NASDAQ:AAPL) declined 15% as

iPhone, iPad and Mac sales decrease 15%, 9% and 11% respectively.

Price D-1

US$106.05

52-week low/high

US$89.47-123.82

20-day average
volume

34.694mln shares

Shares outstanding

5,388,443,000

Market cap.

US$571,444,380,150

Analyst consensus

US$123.37

On March 21, 2016, Apple Inc released iPhone SE that retails from
US$399 to US$499 to focus on emerging markets. Although analysts
were undermining sales of the new iPhone, the iPhone SE sales turned
out much higher than expected. Analysts believe iPhone SE sales
accounts for 23% of total iPhone sales of Apple Inc in the third quarter.
After this news, share price surged to US$104.41, highest point since
April, 2016.
The companys Q416 revenue is expected to fall once again as
demand for iPhone and other smart phones diminished. Apple Incs effort
to create revenue from other sources is their next large-scale project:
self-driving automotive that is expected to launch by 2020. The company
hired Dan Dodge, former head of automotive software at the Blackberry
Ltd, to assist them on deviating its dependence on smart phones.

YTD%: 0.66%
YoY%: -10.46%

Moreover, iPhone 8, to be released in 2017, is expected to increase

Apple Incs revenue.

Source: Bloomberg

Position

Ownership
%

Vanguard
Group Inc

329,987,382

6.12%

Blackrock

315,932,303

5.86%

State Street
Corp

215,644,530

4.00%

FMR LLC

145,170,087

2.69%

70,299,865

1.30%

Holder

Northern Trust
Corp

Others: JP Morgan Chase & Co, Morgan Stanley,

Bank of NY Mellon etc.

44 analysts recommend to Buy, 5 analysts recommend to Hold

and 3 analysts recommend to Sell. On July 27th, 2016, Credit Suisse
analysts predicted 12-month target price to be US$150. Average 12month target price reached US$123.37.

Revenue
COGS
Gross profit
Total expenses
Net income
EPS

Q316
42,358
26,252
16,106
6,001
7,796
US$1.43

/in million US$/

Q315
Change
49,605
-14.61%
29,924
-12.27%
19,681
-18.16%
5,598
7.20%
10,677
-26.98%
US$1.86
-23.12%

Total assets
Total liabilities
Total shareholders equity

305,602
179,061
126,541

273,151
147,474
125,677

11.88%
21.42%
0.69%

Source: Bloomberg Terminal, Bloomberg.com, apple.com

August 2nd, 2016

Amazon.com, Inc. (NASDAQ: AMZN)

NASDAQ:AMZN (2016-08-01)
Price D-1

US$767.74

52-week low/high

US$451-US$770.5

20-day average

Amazon.com Inc. (NASDAQ:AMZN) share price reached all-time

high (US$766) on July 29th, 2016, after its release of Q216 financials.
The company reported profits for the 5th month in a row. Second quarter
revenue exceeded analysts forecast and totaled US$857 million.

3.236mln shares

volume
Shares outstanding

474,073,542

Market cap.

US$363,965,221,135

Analyst consensus

US$876.51

Amazon Prime Day which offers sales to Prime customers was held
on July 12th, 2016. Sales from the Prime day is expected influence next
quarters financials positively as shipments increased 60% compared to
Prime day in 2015.
Amazon.com Inc predicts Q316 revenue to increase 22-32% vs
year earlier to US$31-33.5 billion and operating income to be between
US$50 and 650 million.

YTD%: 20.5%
YoY%: 43.5%

Moreover, Amazon Japans new target is Chinese customers, who

are increasingly interested in purchasing Made-in-Japan products. The
Japan website is now available in Chinese.
40 analysts recommend to Buy, 6 analysts recommend to Hold
and 0 analysts recommend to Sell. On July 29th, 2016, Credit Suisse
and Goldman Sachs analysts predicted 12-month target price to be
US$920. Average 12-month target price reached US$876.51.
Source: Bloomberg

/in million US$/

Holder
Bezos Jeffrey P
Capital Group
Companies Inc
T Rowe Price
Associates
Vanguard
Group Inc
Blackrock

Position

Ownership
%

81,909,072

17.28%

33,563,483

7.08%

22,891,435

4.83%

22,713,824

4.79%

20,837,034

4.40%

Others: FMR LLC, JP Morgan Chase & Co,

Morgan Stanley, Bank of NY Mellon etc.

Revenue
COGS
Gross profit
Total expenses
Net income
EPS
Total assets
Total liabilities
Total shareholders equity

Q216
30,404
19,180
11,224
9,939
857
US$1.81

Q215
23,185
15,160
8,025
7,561
92
US$0.20

Change
31.14%
26.52%
39.86%
31.45%
831.52%
805%

65,076
48,538
16,538

52,440
40,672
11,768

24.1%
19.34%
40.53%

Source: Bloomberg Terminal, Bloomberg.com, Amazon.com

August 2nd, 2016

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This document has been prepared by the Golomt Securities LLC for information purpose only. The views
expressed are the views of the analyst and are subject to change based on market and other conditions
and factors. The information provided does not constitute investment advice or other recommendations
and should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a
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or attributed to Golomt Securities LLC, has been obtained from sources believed to be reliable, but its
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independently determine, with your own advisors, the appropriateness for you of the
securities/transactions before investing or transacting.

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