PP16832/01/2013 (031128) Malaysia Sector Update 5 April 2013 Aviation Overweight (from Neutral) Cautiously Optimistic BUY with caution. The aviation sector has underperformed the KLCI in 2012 due to depressed earnings‚ escalating fuel prices and regulatory uncertainty. The sector has de-rated with an average decline of 27.6% in 2012. 2013-YTD however saw our top pick‚ MAHB gaining 15% while the airlines are both up modestly with 6% rise in share prices. We are now Overweight
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group sales down -6.2% in the 1st quarter of 2009. Rimi Latvia experienced a decline of -4.3%. This is despite showing full YOY group growth of 13%. The effect of Europe’s hardest recession hit economy is taking place. A response to this has been to open more stores (238 in 2009 versus 215 in 2008) and focus growth in Estonia‚ where they have previously underperformed. Rimi’s pricing strategy is EDLP‚ and uses economy of scales from stocking its hypermarkets to keep prices low. 49% of Rimi Baltic’s
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Aviation Law and Space Law Aviation Law -Air space – customary law since First W.W. That aircraft from one state have right to fly over the high seas‚ but never over territorial sea of another state -Art.1 1944 Chicago Convention on International Civil Aviation: “every state has complete and exclusive sovereignty over the space above its territory” -It is a serious breach of international law for a state to order to violate the air space of another state (for e.g. USA military aircraft attacked
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The Educational Impact of Poor Attendance Percentage Attendance 100% Full days off school 0 Weeks Missed Hours Missed 0 Effect on learning Will you be successful? Almost certainly‚ you are giving yourself every chance. Probably‚ but your grades will suffer‚ especially in your weaker subjects. The chances are that you will now fail at least some subjects. Expect to fail more subjects than you pass! Maybe‚ you might pass something if your very lucky or clever or both. Time to change your career plans
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This essay is an attempt to apply the Five Forces Model for industry analysis and business strategy development formed by Michael E. Porter of Harvard Business School in 1979 that draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Within the ambit of Porter’s typology‚ this essay aims to analyze the attractiveness of industries for investment and seeks to identify their potential for change or
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Our Mission Our Roadmap starts with our mission‚ which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions. * To refresh the world... * To inspire moments of optimism and happiness... * To create value and make a difference. Focus on the Market * Focus on needs of our consumers‚ customers and franchise partners * Get out into the market and listen‚ observe and learn * Possess a world view * Focus
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How would pilots ever get around so easily without the help of navigation aides? Navigational aides have been around for almost as long as aircraft have been flying in the skies above us. The first navigation system was composted of just a high intensity-flashing beacon. These beacons were placed on the flight routes that were popularly flown in the mid 1920’s. With more time more of these technologies that help us navigate the world will be even simpler than today. This paper will explain how some
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Porter ’s Five-force Model and it ’s continued validity as a strategic management tool Porter ’s Five-force model is a theoretical guide to understanding the pressures that are felt by an industry‚ and by analogy‚ on a company. It can be used in such a way as to allow “the strategic business manager seeking to develop an edge over rival firms … to better understand the industry context in which the firm operates” (Porter‚ 1999). The key to any successful (e.g. profitable) business venture is an
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1.5 Competition and five forces: In order to achieve average return‚ Customer satisfaction is a core competency that every organization should focus. Business level strategies are used to carry out this core competency. Actions which are taken to add values to customers and gain competitive advantage in a specific market with the single product or service‚ are included in the business level strategy. The main concern of a business level strategy are position of a firm in the industry‚ firm’s competitors
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product and is not to be photocopied 0201 - 0520 - 2010 Page 2 CONTENTS TABLE OF CONTENTS EXECUTIVE SUMMARY MARKET OVERVIEW Market definition Research highlights Market analysis MARKET VALUE MARKET SEGMENTATION I MARKET SEGMENTATION II FIVE FORCES ANALYSIS
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