KEY CATALYSTS
3
FINANCIALS
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Financial position: 24.1% net gearing, HK$ 59.5 bn cash on hand & bank balances
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Ample war chest: HK$15 bn undrawn line + MTN program of NWD in place (un-utilised US$2.5 bn)
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Stable dividend: maintain full year DPS HK$0.42
PROPERTY DEVELOPMENT
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Robust execution: 3 consecutive years proven track record in HK property sales
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Abundant saleable resources: around 3,100 units available
LANDBANK
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Proactive management: attributable GFA of 6.9 mil sq ft has been acquired last 5 years
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Unlock farmland hidden value: explore the Pilot Scheme for Arbitration on Land Premium
PROPERTY INVESTMENT
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Defensive portfolio: stable contribution from offices in Central and regional retail malls
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NewWorld Centre redevelopment: a GFA of 3 mil sq ft complex, expected completion in 2017
OTHER STRATEGIES
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Enhancement of the Group structure: hotel JV with ADIA
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Better use of resources: synergies of VIP members within the Group
