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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Industry Background The history of the cement industry in India dates back to the 1889 when a Kolkata-based company started manufacturing cement from Argillaceous. But the industry started getting the organized shape in the early 1900s. In 1914‚ India Cement Company Ltd was established in Porbandar with a capacity of 10‚000 tons and production of 1000 installed. The World War I gave the first initial thrust to the cement industry in India and the industry started growing at a fast rate in terms
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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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MAF302 – 2009 Exam Marking Guide Question 1. Part i. In most large corporations‚ ownership and management are separated. What are the main implications of this separation? Part ii. A parcel of land costs $300‚000. For an additional $500‚000 you can build an office building on the property. The land and office building should be worth $900‚000 next year. Suppose that common stocks with the same risk as this investment offer a 9% expected return per year. Would you construct the building
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2007 Booker T. Washington and T. Thomas Fortune Though not as well known today as many of his contemporaries‚ T. Thomas Fortune was the foremost African American journalist of the late nineteenth and early twentieth centuries. Using his editorial position at a series of black newspapers in New York City‚ Fortune established himself as a leading spokesman and defender of the rights of African Americans in both the South and the North (wikipedia). The life of T Thomas Fortune spanned
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Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following statements about guest reservation is false? 1) A) Transient sales are done primarily through the efforts of the Front Office and its staff. B) Convention site hotels tend to have a greater portion of group room sales than transient room sales. C) The group sales effort in a hotel does not affect transient sales. D) Group rooms are primarily sold through
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CENTER on GLOBALIZATION‚ GOVERNANCE & COMPETITIVENESS The Tourism Global Value Chain ECONOMIC UPGRADING AND WORKFORCE DEVELOPMENT Michelle Christian Karina Fernandez-Stark Ghada Ahmed Gary Gereffi Contributing CGGC Researchers: Shelli Jo Heil NOVEMBER 2011 The Tourism Global Value Chain: Economic Upgrading and Workforce Development “Skills for Upgrading: Workforce Development and Global Value Chains in Developing Countries” This research project examines workforce development
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Management Information Systems MANAGING THE DIGITAL FIRM‚ 12TH EDITION GLOBAL EDITION Chapter 6 FOUNDATIONS OF BUSINESS INTELLIGENCE: DATABASES AND INFORMATION MANAGEMENT Management Information Systems CHAPTER 6: FOUNDATIONS OF BUSINESS INTELLIGENCE: DATABASES AND INFORMATION MANAGEMENT Learning Objectives • Describe how the problems of managing data resources in a traditional file environment are solved by a database management system • Describe the capabilities and value of a database
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Atlantic Computer 1. What price should Jowers charge DayTraderJournal.com for the Atlantic Bundle (Tronn servers + PESA)? Voor het beantwoorden van deze vraag zijn vier opties: [A] Een prijs gebaseerd op Value-in-use pricing [B] Een prijs gebaseerd op cost-plus pricing [C] Een prijs die gelijk is aan wat de consument bereid is te betalen voor een vergelijkbaar product (Ontario). [D] Een prijs die gebaseerd is op de prijs van de Tronn servers‚ de PESA wordt gratis meegeleverd. De bijbehorende
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Bachelor of Business Administration (BBA) in Retailing IInd Year ASSIGNMENTS 2012-13 School of Management Studies Indira Gandhi National Open University Maidan Garhi‚ New Delhi-110 068 Tutor Marked Assignments (TMA) Second Year ASSIGNMENTS – 2012-13 Dear Students‚ As explained in the Programme Guide‚ you have to do one Tutor Marked Assignment in each course. We are sending the assignments for BRL-006‚ BRL-007‚ BRL-008‚ ECO-01‚ BCOA-001 and AMK-01 together. Assignments are given 30% weightage
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