Teh Hong Piow Leadership

Section C Public Bank 1a) Portfolio Performance Holding Period Return HPR =Ending Price-Beginning PriceBeginning Price+Cash Dividend ? 100% =RM15. 50-RM 15. 32RM 15. 32+0 ? 100% =1. 17% b) Market Performance Market Performance MP =Ending Index-Beginning IndexBeginning Index? 100% =1669. 40-1654. 041654. 04? 100% =0. 927% Axiata Group 1a) Portfolio Performance Holding Period Return HPR =Ending Price-Beginning PriceBeginning Price+Cash Dividend ? 100% =RM6. 00-RM 5. 83RM 5. 83+0 ? 100% =2. 92% b) Market Performance Market Performance MP =Ending Index-Beginning IndexBeginning Index? 100% =1669. 0-1654. 041654. 04? 100% =0. 927% Nestle (M) Bhd 1a) Portfolio Performance Holding Period Return HPR =Ending Price-Beginning PriceBeginning Price+Cash Dividend ? 100% =RM63. 10-RM 59. 00RM 59. 00+0 ? 100% =6. 95% b) Market Performance Market Performance MP =Ending Index-Beginning IndexBeginning Index? 100% =1669. 40-1654. 041654. 04? 100% =0. 927% Section D Public Bank a) The portfolio performanc e of Public Bank is better as compared to the market performance. The HPR of Pubic Bank is higher than the marker performance, which is 1. 17% as compared to market performance which is only 0. 927%. b) ) Public Bank is a well reputed and well-known company for its prudent management, excellence services, strong profitability, strong corporate culture and corporate governance. It is currently a leading provider of financial services in Malaysia. It also provides bank operations in Hong Kong, Combodia, Vietnam, Laos and Sri Lanka. Public Bank had performed well in the market share in year 2011. The overall ratio in the market share in year 2011 is higher than the year 2010. According to the sustainability profit growth of Public bank, it has stronger performance in year 2011 than in year 2010.Moreover, the net income of Public Bank Group had increased by 8. 3% from RM6,838. 5 million in 2010 to RM7,408. 6 million in 2011. In addition, it has a steady asset growth from year 2010 to 20 11. Its financial report encouraged us to invest in the company as it has a steady growth and lower risk. During the subsequent to the financial year end, which is on 30th January 2012, directors of Public Bank had declared a second interim single tier dividend of 28%, with the amount of RM980,596,036 in the current year. According to the key statistic of Public Bank in dividend growth, it grown 0. 3% in 5 years. It gives confidence to us for investing in this company for its stable growth in the economic. Source: Annual Report (2011). Public Bank. Retrieved from http://announcements. bursamalaysia. com/EDMS/subweb. nsf/7f04516f8098680348256c6f0017a6bf/bd33262bdcaa8fc1482579ad00116c90/$FILE/PBBANK-FinancialStatements%20(971MB). pdf Source: Annual Report (2011). Public Bank. Retrieved from http://announcements. bursamalaysia. com/EDMS/subweb. nsf/7f04516f8098680348256c6f0017a6bf/bd33262bdcaa8fc1482579ad00116c90/$FILE/PBBANK-FinancialStatements%20(971MB). pdf Source: The Star Online ( 2013).Public Bank Bhd. Retrieved on 8th January 2013 from http://biz. thestar. com. my/marketwatch/charts/l. asp? code=1295~PBBANK&p1=16. 18&p2=16. 16&p3=16. 22&p4=16. 1&p5=16. 18&p6=0&p7=0. 00&p8=46667&p9=14. 545 Axiata Group a) The portfolio performance of Axiata Group is relatively in good performance as compared to the market performance. The HPR of Axiata Group is 2. 92%, which is higher than the Market Performance of only 0. 927%. b) c) Axiata Group Berhad is an investment holding company which provides communication and consultancy services.It offers mobile telecommunication, interconnect, television transmission and other services. It also dealing of marketable securities, trading and distribution of communication devices and its related products. According to the details, it was founded in 1992 and as on 23rd May 2012, the company has approximately 190 million mobile subscribers in Asia. According to the financial results of Axiata Group Bhd in the last four years, which is from year 2007 to 2011, the revenue of the company grew to the tune of 60%. Their profits almost doubled for these four years.The company had a very good performance which attracted us to invest in the company. On the other hand, the cash position of the company had increased from RM6. 3 billion to RM6. 6 billion and the ROIC improved from 11. 8% to 12. 2%. Moreover, the diversification of the company grown with further progress with 56% of revenue generated outside of the Malaysia. According to the Axiata Group Bhd annual report 2011, the Group’s total subscriber base expanded to around 200 million, increase 25% from a year ago and growing an average of 3. 3 million per month.These made the Group one of the largest telecommunications companies in the region. The Group shows a positive data trends and performance throughout the countries in Malaysia and overseas. This gives us greater confidence in investing in the company, which given us lower risk to invest. According to t he performance highlight in the past four year of the Group, which is from 2008 to 2011, the graph relatively shows increasing in the operating revenue, EBITDA, PAT, NORMALISED PATAMI, POIC and SUBSCRIBERS. It shows that the company has reater performance in year 2011, and we believe that the company will show strong performance in year 2012, and hence, we decided to invest in the company. Source: Annual Report(2011). Axiata Group Bhd. Retrieved on 8th January 2013 from http://axiata. listedcompany. com/misc/ar2011. pdf Nestle (M) Bhd a) The Portfolio Performance of Nestle (M) Bhd is performing well as compared to the Market Performance. The HPR of the Nestle (M) Bhd is 6. 95%, as compared to the Market Performance of only 0. 927%. It is relatively having high performance in the market. b) ) Nestle Malaysia Bhd is a leading Food, Nutrition, Health and Wellness Company in the region. It grown to be the world’s largest good company which offering more than 8,500 brands and 10,0 00 products. It also has more than 456 factories over 80 countries and more than 283,000 employees. Nestle Malaysia Bhd has encountered turnover of RM1. 16 billion in Quarter 1 in 2012, which is 8. 5% higher than the previous corresponding period. In the first quarter of 2012, Nestle Malaysia Bhd had good growth performance in both domestic and export sales. It also has increased profit before tax of RM206. million and profit after tax of RM158. 1 million which grew by 8. 2% and 7. 4% respectively compared to the previous period. Moreover, despite exports its products across the globes; the Group has successfully exports more than half of its products to ASEAN region. The stable performance of the company attracted us to invest in the company although the price is high. In addition, the company also introduced new products to the market, which these products will directly affect the strong demand of the domestic and hence affect the economic performance of the company.Moreover, the sustained economic growth of overseas countries, encouraged the performance of export sales, and increased the sales of 18% to inter-market customers. It is relatively a trusted brand to the Malaysian, where it is well-known of its healthy nutrition drinks. On the other hand, Nestle (M) Bhd also launched the Nestle Project Rilead in October 2011, where it aims to create a landscape for people, nature and agriculture can co-exist harmoniously in their need for water. This project will give an initiative of seeing the reforestation of the land. This relatively giving us good image on the

Wacoal International Aspect

Thai Wassail's general financial overview, from the year 2007 to year 2010, its total liabilities has been around 500 to 600 million baht, but in 2011, it has rose up to about 1,000 million baht, which will be further discussed in the later topic. As for its equity, it has been quite stable for the past five years, ranging from around 4,000 to 5,000 million baht. Capital Structure: Debt Financing vs.. Common Equity Financing A firm's capital structure consists of debt financing and common equity financing.Thai Wassail's debt o equity ratio is very low, so we can see that it prefers to use equity financing over debt financing. There are several reasons to a firm's financing decision by looking at the advantages and disadvantages of each method. When a firm chooses to use debt financing, it would have to pay the cost of debt, which is the interest expenses. Advantage of using debt to finance is that the interest payments can be deducted from the business income taxes. However, disadvan tages include the high cost of interest rates and high probability of bankruptcy when a rim's unable to repay the debt.We can assume that Thai Waco do not prefer to finance its funds through debt due to these two advantages. Thai Waco instead chooses to use more of the equity financing; it would be through the use of retained earnings or through the issuance of new stocks. Advantage is that it will not have to keep up with the costs of interest payments to bank loans or debt finance, allowing the capital to be used solely on business activities. The funding source for Thai Wassail's operations and investments came from its UAPITA and accumulated profits, without any debts carrying interest burdens.According to the financial statements at end 2010, the company had total liabilities of Baht 582. 96 million and shareholders' equity of Baht 5,036. 50 million. The company's liabilities shown in the financial statement consisted mostly of trade account payable and accrued expenses, which explains why the total liabilities have risen up to 582 million baht in 2010 compared to 2009. Long-Term Investments Thai Waco has registered long-term investments total of around 2,059 million baht, s compared to 1,586 million baht in the previous year, which shows an increase of 473 million baht.This was due to the largely increase in investment in debt securities and debentures. Thai Wassail's long-term investments are classified into three segments. First segment includes the investment in related companies consisting of around 912 million baht. With its outstanding investments in other companies within the same group through cross-shareholding, such investments can support its related industries, which would in turn contribute to the company's operations. Second segment includes investment in other companies consisting of around 41 5 million baht.By investing in several other businesses, Thai Waco could spread its risk over such business diversification. These companies have th eir own management authority, so there won't be any interference of Thai Waco as they are completely independent. As the result of such investments, the company could be well assured of the support in the steady supplies of materials, components, products, services, know-how, together with favorable dividend benefit from the Meany's satisfactory performances.The last segment is the investment in debt securities consisting of around 731 million baht. Reducing Foreign Exchange Rate Risk Thai Wassail's business operation relies heavily on imports and exports in the foreign currencies, so they are exposed to the risks from foreign exchange rates fluctuation. Therefore, the company uses financial instruments such as the forward contracts in order to reduce exposure to such fluctuations in foreign currency exchange. It will help to protect Thai Waco from movements in exchange rate by establishing the ate at which was agreed upon to be settled.

The Geography of South Africa Assignment Example | Topics and Well Written Essays - 1500 words

The Geography of South Africa - Assignment Example The rolling grasslands of the Highveld at the central plateau, the bountiful farms and vineyards, the red sandy plains of the Kalahari deserts make the country an abundant land of natural diversity. In addition, the country has some of world’s most renowned wildlife reserves and dozens of national parks as part of its geography. The country’s water resources are mainly sourced by the rivers, Orange and Malibamatso, rising from the mountains of Lesotho Drakensburg. Lying right below the Tropic of Capricorn, the country’s climate varies considerably over different regions. With the sub-tropical belt of high pressure, the country has a dry climate with abundant sunshine. At the same time, as it is surrounded by the oceans in its three sides, the warm and cold currents influence the country’s climate moderately. The arid rainfall, which is often unreliable and unpredictable, is sufficient for the dry land farming in its plains. South Africa is well known for its diversity in ethnic and cultural aspects, with geography playing an influencing role. With a population of more than forty million, the country has different ethnic groups, comprising of black Africans, white Europeans, mixed whites and Asian descendants. Their cultural heritage, languages and religious beliefs are greatly preserved by the majority of the African black inhabitants in the rural areas. Historically speaking, the geographical setting particularly its landscapes and climate played a part in colonialism and the subsequent segregation of people on the basis of race. The country’s resources and vegetation in certain parts have led the people to settle in particular region for meeting their occupational needs. Agriculturists settled in the eastern part of the country which has sufficient rainfall to support farming while the pastoralists settled along the river Orange and the western highlands.

Final exam Assignment Example | Topics and Well Written Essays - 750 words

Final exam - Assignment Example However, people are constrained to following this judgment of their conscience. In this case, there are things that depend on people’s conscience such as respecting others. On the other hand, sinning against other people is considered a way of wounding their conscience. Catholic Traditions teaches ways of protect from error such as ensuring that one is not get involved in things that would make another person fails. Apparently, teachings of Catholic traditions are based on goodness, fruits of spirit; though, this focuses on the contradictory side of evil. Moreover, these teachings propose two states of being, which include being submissive to God and goodness, and refraining from being involved with evil things. These teachings propose that people can only be involved with either God of the devil, and the conscience is considered erroneous through involvement with the latter. Knowledge gathered from Catholic traditional teachings is meant to establish a distinction between God and evil. Conscience is erroneous through evil, which is considered a way of utilizing power for destroying spiritual development of other people; besides, this serves as a way of defending and maintaining deluding integrity. In this case, people establish a dominion over their victims, where they scapegoat the weak, thereby using evil to misuse power. On the other hand, the Bible in Proverbs 4:19 indicates that evil is â€Å"willful ignorance, refusing instructions, walking in darkness, attributes of denial and self-satisfaction.† Therefore, teaching authority of the Catholic Church plays a significant role by assisting people to distinguish between good and evil; in fact through this way they are able to abide to the ethical command of â€Å"doing good and avoiding evil†. According to teaching authority of Catholic Church, there is need for everyone to try to do well; in fact, this is achieved through determination based on true purpose. For instance, people should have intentions to assist other people, but actions such as stealing, lying, and coveting are wrong. In addition, the Aquinas asserted that God created human beings for a particular purpose, which is identified through reasons. Christians acts are based on the reasons based identified as a purpose of living. However, people are expected to recognize evil and this enables them to choose good and do good things. Nevertheless, there is need to recognize that evil lives among people and it is available to them. There is a chance for an conscious error to occur in situations where one is unconsciously involved into a trend of evil perception. Sense of sinfulness objects people from experiencing from of deterioration; though God wants to have a community, whereby people assist each other. Knowledge regarding good and evils offers a way protecting people from conscience errors; thus, people can dwell in righteousness. Therefore, the ethical command of doing good and avoiding evil is associ ated with people’s judgment of conscience, which can be influenced by the teaching authority of Catholic Church. Section Two 2. Apply the principle of Just War to a particular conflict involving the United States. (Ex. World War II, Korea, Iraq, Vietnam etc.) Make sure to answer whether the criteria of just war are met and justify your position. The principle of just war was not

Architecture and the Culture of Modernism Essay

Architecture and the Culture of Modernism - Essay Example The essay "Architecture and the Culture of Modernism" discovers architecture and culture of modernism. In a world of development, it is considerably argumentative how architecture could actually follow through the different changes. In this paper, a focus on how modern architecture actually faces the demands by which the human society actually need the changes in structures established today shall be well discussed. Judging from the fact that there are still primitive tribes today who live in caves and rude shelters, some have concluded that it has taken man many thousands of years to develop an architectural sense. According to this theory, modern man’s forebears had to grope their way through many ages of mindless development before intelligence began to dawn. Already vast projects were being undertaken. This was in the days of the rebel Nimrod, a man who defied the Creator, put himself prominently before men as a leader and engaged in building city after city, commencing wi th Babel. Men had mastered the art of building with kiln-dried bricks and mortar. Prominent in Babel and well-calculated to catch the eye and dominate the landscape was the lofty temple tower, probably of the ziggurat type of structure, each story stepped back from the one below. The long-lasting influence of those ancient architects in the pyramids of Egypt, the ruins of the Maya empires of Central America, the remains of colossal shrines in Cambodia and India, and the stepped-back structures of New York and other large cities.

A Heightened Agent Coursework Example | Topics and Well Written Essays - 250 words

A Heightened Agent - Coursework Example After having supper, I lit up the cigarette, placed it between my lips, and tried to smoke right beside my mother. Understandably, I choked out because I had never smoked before and my lungs were not used to allowing the in-pour of smoke. My mother snatched the cigarette from me and tore it to pieces. To this day, I regret how upset I had made her. This shows that â€Å"errors in cultural performance committed by post-adolescents are generally seen as more serious and are more likely to arouse direct criticism, punishment, or other sanctions† (Hirschfeld 612). Back then, I perceived my parents, especially my mother as the foundation of our structure. My mother always has rules and principles that everyone must abide by. While many people experience a shift in the structure today, my structure is based on my parents even today. I think it is because of the fact that I have become more responsible, caring, and respectful toward my parents over the passage of time than I was as a child.

Public smoking bans Essay Example | Topics and Well Written Essays - 750 words

Public smoking bans - Essay Example There are a number of reasons for banning smoking in public places. First, such smoking endangers non – smokers, by exposing them to side stream or second hand smoke. Such smoke has been seen to cause dangerous ailments to the person who inhales it. Second, an undesirable example is set for the suggestible children, when smoking is permitted in public. Third, such prohibition enables smokers to discontinue smoking, thereby enabling them to lead a much healthier life (Khilawala). Fourth, banning smoking had legal and moral basis, which has proved to be successful in preventing young adults from falling prey to this deadly habit. Fifth, the proscription of smoking in public places has made it much more attractive to visit a discotheque or bar. Finally, the forbidding of such smoking has significantly reduced the number of individuals with cardiac complaints (Khilawala). There is consensus amongst the scientific community that smoking is extremely hazardous. It has now been confirmed that tobacco smoke results in cancer, cardiac ailments and strokes. However, it is essential to recognize that smoking harms the non – smoker, who happens to be in the vicinity of an individual who is smoking, to a much greater extent. Such passive smokers are at a considerably greater risk of contracting deadly disease (PROS vs. CONS). Furthermore, the non – smoker is forcibly exposed to smoke; and therein lies the iniquity and inequity of this untenable situation. Therefore, there is every justification to call for and impose a total ban on smoking in public. This is essential, if passive smoking is to be prevented. A recent report was categorical in declaring that approximately 440,000 denizens of the US die every year, due to the ill effects of smoking. Male smokers reduce their longevity, on an average, by 13.2 years; whereas, their female counterparts achieve a reduction of 14.5 years. The data on smoking reveals