19 December 2012 Vinamilk (VNM) 18 March 2011 A safe haven Anh Nguyen Senior Analyst anh.nguyen@vcsc.com.vn +84 8 3 914 3588 ext. 194 Initiation Target price Upside VND106‚000 25% Consumer Goods Market cap Shares outstanding 12M High 12M Low VND84‚500 – BUY US$3‚439m 834m VND92‚700 VND52‚000 Investors appear to recognize the competitive advantages and growth opportunities of Vinamilk. The company has a good brandname‚ economy of scales‚ an extensive distribution
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claims her injuries were caused by T & J’s negligent behavior. In order to prove negligence‚ T & J must be guilty of five elements: duty of due care‚ breach‚ factual cause‚ proximate cause‚ and damages. Duty of due care means that the defendant has a duty to the plaintiff if he or she could have foreseen injury to a particular person. A person at work has an increased duty of care and must act as a reasonable person in his or her profession. In this case‚ T & J had a duty of due care as they were
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that without fail draws me into a speech‚ it would be references to the grandeur of space and physics. I will be talking about the speech my roommate gave on the K-T Boundary. This analysis will consist of the background of the speech‚ Toby’s behaviors‚ and the audience. Without context a speech is meaningless. The context includes the preexisting conditions and the content of the speech. Yesterday I asked my roommate‚ Toby Briggs‚ if he wanted to give a short speech on any topic he chose. He was beyond
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My Grandfather never complained. No matter how bad it got‚ he never said anything. When he was young boy‚ he was thrown into the brutal and treacherous lifestyle that made up a Japanese internment camp during World War II. Treated like a POW‚ his life was miserable. When he was released from the camp he had to pick up the pieces that was his life. Everything changed. He was just a young man to make his own in the world. He struggled for jobs‚ was discriminated against‚ fought in the Korean War‚
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Chapter 10 Discussion Questions |10-1. |How is valuation of any financial asset related to future cash flows? | | | | | |The valuation of a financial asset is equal to the present value of future cash flows. | | |
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Love has no gender Everybody should have the right to a legally recognized union with a partner of their choice. The debate over whether or not people in same sex relationship should be allowed to marry‚ or even enter into civil unions is no new fight. Legalizing gay marriage has brought a new trend which then providing the arguments on supporting gay marriage such as denying them is a violation of religious freedom and minority discrimination encourages people to have strong family values and constitute
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Rhino Poaching facts: A total of 158 rhino have been poached since the beginning of the year. In the Kruger National Park‚ 116 rhino had been poached‚ the department of environmental affairs said in a statement. Thirteen were poached in North West‚ 12 in KwaZulu-Natal‚ nine in Mpumalanga and eight in Limpopo. Sixty-one people had been arrested: 38 of them alleged poachers and three alleged couriers‚ the department said. In the past week‚ two poachers were arrested in the KNP. Nine people had
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Summary of Week 1 A look back at the week‚ in which Dr David Robinson‚ Senior Lecturer in Biological Science at The Open University‚ discusses what you have learned so far in this course and then introduces some of the ideas and examples explored in week 2. There are different ways that an ecosystem can be defined and you discussed this with other learners‚ to reach a working definition of an ecosystem. You examined the core concept of an ecosystem through the example of a rock pool. Guidance
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ALLOCATION OF UNIFORM MARKS IN GCSE (APPLICABLE FROM JUNE 2010) What is a UMS? The Uniform Mark Scale (UMS) is used in unitised specifications as a device for reporting‚ recording and aggregating candidates’ unit test performances. Why do we need the UMS? In a unitised specification candidates may take units at different stages during the course and may retake units before certification. Each exam paper is unique‚ and so the difficulty of exams may vary slightly from year to year. Senior
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Booker T. Washington Presented By: Jeremy A. Clements Presented To: Ms. Alexander Date: February 21‚ 2011 Course: English 1 Booker T. Washington Booker T. Washington was born on plantation in Franklin Country‚ Virginia‚ on April 5‚ 1856. After the Civil War‚ his families moved to Malden‚ West Virginia‚ were Booker T. Washington worked in the coal mines and salt Furnaces‚ and a house servant. Washington mom and he were determined for him to go to school. During four years‚
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