Hints and tips:
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...In the week last year when SoftBank chose New York for the listing of Arm at the same moment that building materials group CRH proposed a move to the US, I began to feel distinctly more cheerful....
...However, in order to size the potential maximum impact to banks’ P&L, a scenario we think would be unlikely but possible, for example in times of financial distress, we have assumed that everyone older than...
...According to a document viewed by the FT, the State Council, China’s cabinet, has barred 10 debt-laden provinces and regions and two big cities from building highways, government buildings and other new...
...It is currently building more than 60 new nacelle assembly facilities, adding to the 100 already in operation....
...Hence we think share price underperformance of wholesale banks such as DBK (4.7x P/E 2024E), BARC (3.9x P/E 2024E), BNP (6.9x P/E 2024E) as well as by some Money Center Banks is overdone....
...This was the largest fixed-rate securitisation of a single building....
...Tuesday China, Mainland China Policy rate IMD World Competitiveness Center launches its annual World Competitiveness Ranking of countries....
...Michael OrlandoChina is no longer the China that you think of, as you know, building low quality things en masse....
...On the other hand, among those that reported no material financial damage, almost two-thirds of the recommendations were completed. Bottom line?...
...Also in May, Royal Caribbean raised $3.3bn secured against 28 vessels and “material intellectual property”, shortly after S&P and Moody’s had both downgraded the company’s credit rating to junk....
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...through the P&L....
...UK, alongside building their own stores....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...Cazenove, meanwhile, is more of a long macro sweep sector thing that’s also down on Kingspan and pro Saint-Gobain: The European Building Materials sector has delivered on our expectations for H1 results...
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...· Material uncertainty statement: The notes accompanying the financial statements indicate a material uncertainty in relation to intu’s ability to continue as a going concern....
...For Ryanair, the potential hit to its p&l could not have arrived at a worse time — a bit like one in 10 of its flights when there isn’t a strike on....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...The energy sector’s share of the S&P 500 today is already down to about 4 per cent, from more than 11 per cent in 2010....
...But when everything explodes, your P&L explodes with it, and that is what we are currently living through....
...The “control” category of sales — which strips out items including cars, petrol, building materials and food services — fell by a steeper amount, 1.7 per cent, in the month, the poorest reading since 2001...
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