Hints and tips:
...They reside on a 2021E price-to-book multiple of c.1.04 times with a dividend yield of c.4% - our dividend forecasts already assume a 2.5 times dividend cover....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...forecasts both in terms of P&L and net debt....
...Li, Chairman and Chief Executive, The Bank of East Asia Ltd., Hong Kong, China Andrew N. Liveris; CEO, The Dow Chemical Company, USA John A....
International Edition