{ "docId": "019dd923-622c-750b-8b9c-492b0f1065ae", "docSlug": "f3f23ae4a447", "documentTitle": "Bank of East Asia, Limited (0023.HK)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-02-04 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 10, "pageCount": 23, "prevPage": 9, "nextPage": 11, "slideType": "peer_benchmark", "function": "compare_peers", "density": "dense", "nDataPoints": 40, "notes": "The slide uses a consistent color-coding scheme where BEA is highlighted in red to emphasize its underperformance relative to the peer average.", "elementsJson": [ "headline_text", "subtitle_text", "bar_chart_vertical", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-492b0f1065ae/10", "deckHref": "/decks/019dd923-622c-750b-8b9c-492b0f1065ae", "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-492b0f1065ae.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-492b0f1065ae#slide-10", "components": [ { "bbox": null, "kind": "callout", "text": "An analysis of BEA HK’s operations compared to its industry peers indicates clear weakness on all relevant metrics", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-64d1-73a9-abc2-d196bb024841", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.45, "x": 0.52, "y": 0.22 }, "kind": "chart", "text": "Hong Kong NIM", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "30990932-9538-4008-aa38-814b740eccfa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.45, "x": 0.52, "y": 0.62 }, "kind": "chart", "text": "Hong Kong C/I ratio", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "84c07d57-8ab1-4a77-8d45-285f8b6c0411", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.05, "y": 0.58 }, "kind": "chart", "text": "Hong Kong ROA (recurring)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "878a3bfc-6730-48a2-9dfc-c741c7633515", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.45, "x": 0.52, "y": 0.42 }, "kind": "chart", "text": "Hong Kong NFI / average assets", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c92464ed-06b2-4d36-aab2-da7c5e18cd3c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.05, "y": 0.22 }, "kind": "chart", "text": "Hong Kong ROE (recurring)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "edd02b6a-f361-4fe1-a2e4-05b37eba5af2", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "profitability", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd953-64d1-73a9-abc2-d5ef70298e93", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.8, "x": 0.05, "y": 0.15 }, "kind": "paragraph", "text": "An analysis of BEA HK’s operations compared to its industry peers indicates clear weakness on all relevant metrics", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dc96f317-0656-4543-b27e-ff5206979bd2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.92 }, "kind": "source-note", "text": "Source: Company disclosures. Note: 1. BEA refers to BEA HK; HSBC refers to HSBC HK excluding HSB HK; HSB refers to consolidated HSB financials adjusted to exclude the financial impact of its stake in Industrial Bank", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "53c615d9-a830-4cfd-a629-3246f693d9cc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "BEA HK’s profitability lags behind its peers due to lower NIM, lower NFI and a higher C/I ratio", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8a009367-f800-4791-bb23-036aefba03f7", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "comparison_frame", "slug": null, "matchId": "06d20e61-df32-4403-812a-8da0200062b7", "evidence": "Direct comparison of BEA HK against industry peers across multiple financial KPIs.", "confidence": 0.9 } ], "arcBeats": [ { "to": 15, "from": 5, "beatId": "66eaebc2-fb37-4685-a72a-17753855ab8e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by presenting peer comparisons and highlighting BEA's underperformance.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "loops": [ { "to": 14, "from": 6, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "4a5bc558-e488-4e8b-877e-0020e07c4ff4", "evidence": "The document presents peer comparisons and benchmarking.", "position": 1, "objective": "How does BEA's performance compare to peers?", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }