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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Real Option Memo To: Dave Jacobs From: James Jones Date: November 26‚ 2012 Re: College Education Intro and type of flexibility with this option The option I’m going to discuss in this memo is whether I should continue on with my college career year after year‚ or just to abandon receiving a higher education and make my part time job a full time job. From the 7S framework‚ my real option would be the Disinvest/Shrink then the scope down option (abandon). Sources of uncertainty There
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On Sunday‚ none of the boys was faster than the girl. Danica Patrick became the first woman to win the pole position for the Daytona 500‚ considered the Super Bowl of NASCAR‚ posting a lap of 196.434 mph Sunday. In doing so‚ she also became the first woman to win a pole at any NASCAR top-division race‚ racking up another milestone in her barrier-breaking career. "I’ve heard stories about a kid‚ a boy or a girl‚ saying‚ ’But mommy‚ daddy. That’s a girl that’s out there racing.’ And then they can
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John Fitzgerald Kennedy was killed on November 22‚ 1963 .One article of his death wrote‚ "The day the country cried". Unlike previous presidents killed‚ the JFK assassination is one that is filled the conspiracy theories. Such theories include a Government cover-up‚ Mafia influence and Cuban President Fidel Castro. I believe that it was the mafia and Lee Harvey Oswald. Lee Harvey Oswald‚ plotting to kill President Kennedy is too simple.Since he had no communication with the outside world but someone
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The general argument made by D.M. Murdock in her work‚ “Are UFO’s and Aliens Real?” is that there are a number of different types now complied under the heading of legendary “sky people‚” humans‚ gods‚ and possibly aliens. More specifically‚ she argues that they are not always called aliens‚ but planetary bodies‚ such as the sun‚ moon‚ earth‚ planets‚ stars‚ etc. Murdock writes‚ “the Greek Sun God‚ Apollo‚ is most assuredly just that: A sun god‚ not an alien flying through the sky in his chariot
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A Real Man Men around the world are constantly kept in line‚ on what exactly a man is expected to be. This is policed through everyday living and society has zero tolerance for margin of error. However‚ this can have a great deal of psychological issues towards young boys as they go through this traumatic transition at a young age. Consistently ridiculed‚ and forced to behave certain ways preventing them from appearing feminine. The guidance stems from close relatives‚ peers‚ and even sports team
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who made it possible & whose constant guidance and encouragement helped me throughout I take this opportunity to extend my sincere thanks to MARS REALTORS for offering a unique platform to gain exposure and garner knowledge in the area of Real Estate. I wish to express a deep sense of gratitude towards Mrs.‚ CHETNA SANGHVI my project mentor‚ who kept giving me insights at every stage and made things look simpler under her guidance. I express my sincere gratitude towards her for always
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In this essay‚ the human nature of physically killing its own specie and however it’s morally right to do so‚ and if so; when‚ will be analyzed in different contexts. It’s however important to show consideration and understanding to the fact that it’s also in the humans nature to not kill its own specie. Before discussing the subject itself‚ it’s important to define certain terms that will either appear or have an important purpose to the subject of the essay. Morality‚ the most common definition
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What concepts and skills can I learn and apply to my daily life by playing hockey?? During the pass more than 9 weeks of Hockey class‚ my classmate and me have been playing hockey together. Firstly our hockey is different from the real hockey because is our hockey‚ which we sets our own rules and play in the way which all of us‚ can have fun and enjoy. And of cause we faced many problems when we were trying to set our own rules because maybe some of us agree about new rule but some of us doesn’t
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I believe to have effective leadership skills is to have a good understanding of yourself. This is a stepping stone when understanding other people. Knowing your strengths‚ weaknesses‚ skill sets and values are a few of the many important factors when trying to respond and influence others or resolving conflicts. I know from personal experience that I enjoyed a manager that had a democratic style which encouraged team participation and various ideas. No one wants to work with a micro-manager
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