The main reason to be comfortable with this stock surviving is...

The main reason to be comfortable with this stock surviving is the major shareholder is Capitaland which has very very deep pockets and a large shareholding. It is pretty clear to me and I would think the bankers that even if the covenants were technically breached Capitaland would stand behind the company. This makes the situation a whole lot different to most other property companies. I agree with the person who said to focus on operating profit to interest cost ratios first.