Contents
E M S 6 J U N E 2 0 0 8 1
F O R E C A S T S & A S S U M P T I O N S
Change in Estimates/Recommendations 2
C A L E N D A R
ABN AMRO Currency Forecast 4
S E C T O R D Y N A M I C S
Group Relative Performance 7
Sector Performance 8
Sector Earnings Growth 9
Sector Dividend Growth 10
Sector PER Analysis 11
Sector Relative PER Analysis 12
Sector Yield Analysis 13
Sector Relative Yield Analysis 14
Sector Price/Free Cashflow Analysis 15
Sector Relative Price/Free Cashflow Analysis 16
EV to Sales Ratios 17
EV to EBITDA Ratios 18
Equity Markets 19
Exchange Rates 20
Key Economic Data 21
S E C T O R O P I N I O N S
Company Opinions
Oil & Gas Producers 35
Oil Equipment, Services & Distribution 38
Mining 40
Chemicals 42
Construction & Materials 43
Aerospace & Defence 47
Electronic & Electrical Equipment 49
General Industrials 52
Industrial Engineering 53
Support Services 56
Transportation 65
Automobiles & Parts 67
Food Producers 68
Household Goods 70
Leisure Goods 71
Tobacco 72
Pharmaceuticals & Biotechnology 73
Media 74
Food & Drug Retailers 79
General Retailers 80
Travel & Leisure 83
Fixed Line Telecommunication 87
Mobile Telecommunication 88
Electricity 89
Gas, Water & Multiutilities 90
Software & Computer Services 91
Technology Hardware & Equipment 94
Banks 96
Equity Investment Instruments 98
General Financial 99
Real Estate 101
Life Assurance 102
Nonlife Insurance 104