Regional Morning Pack DBS Group Research . Equity 01 October 2009 Spotlight On (SP) Hiap Seng: Undervalued oil and gas play (Initiate Coverage) BUY; S$0.69; HSE SP; Price Target: 12-Month S$0.90 • • • • Huge 40-60% discount to peers is unwarranted. Expect high dividends of 4.0-4.5 Scents per share. Margins improvement to support earnings growth. Initiate coverage with a BUY rating. 30% upside to our target price of S$0.90. Ideas & Updates REGIONAL US Fed: Two collision courses SINGAPORE
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Combined Supporting Notes and Technical Specifications including Units for ------------------------------------------------- ILM Level 5 NVQ Diploma in Management (8331) Version 4 20/08/2010 © The Institute of Leadership and Management (ILM) 2012 © The Institute of Leadership and Management (ILM) 2012 Supporting Notes for ILM QCF NVQs | This document is intended for current ILM centres and contains supporting notes for ILM National Vocational Qualifications (NVQs) in the QCF. The
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PORTFOLIO MANAGER’S REVIEW A Monthly Publication of BeyondProxy LLC September 30, 2010 Subscribe at www.manualofideas.com When asked how he became so successful, Buffett answered: “we read hundreds and hundreds of annual reports every year.” Edited by the Manual of Ideas Research Team “If our efforts can further the goals of our members by giving them a discernible edge over other market participants, we have succeeded.” Top Five Ideas In This Report Lavendon (London:
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8 1.4. Research Rationale 9 2.0. Literature Review 9 3.0. Research Methodology 19 4.0. Data analysis 21 5.0. Results and Finding 22 6.0. Strengths and limitations 28 7.0. Conclusion 29 Bibliography 31 Appendix 34 Table of Figures Figure 1 Non-performing Loan of Singapore 17 Figure 2 Framework 19 Figure 3: Working Adults' preference to peer-to-peer lending 20 Figure 4 SMEs' preference for peer-to-peer lending 21 Figure 5 Government support in Peer-to-peer lending 21
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623-3263 or (800) 228-3734 TYY: (207) 626-2717 E-mail:info@famemaine.com Web Site: www.famemaine.com April 2003 2 TABLE OF CONTENTS PAGE CHAPTER 1: CHAPTER 2: CHAPTER 3: CHAPTER 4: CHAPTER 5: CHAPTER 6: CHAPTER 7: APPENDIX A: APPENDIX B: INTRODUCTION .................................................................................. 1 WHAT VENTURE CAPITAL IS (AND IS NOT)...................................... 3 HOW VENTURE CAPITAL INVESTORS WORK ...................................
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report focuses on marketing, not tech or telecoms, though we incorporate views from Macquarie‟s internet, telecoms and software analysts. We estimate the global mobile ad market could grow from about $3.5bn in 2010 to $14bn in 2015. Mobile only comprises 1% of total ad spending today, but we think this could rise to 3-4% in the next 5 years, and 5-8% over time. We believe mobile marketing and services represent an incremental growth opportunity for ad agencies of anywhere from 0.2-1.3%, and can help elevate
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YingJieSheng.COM ............................................................................................................................................5 1.1 .......................................................................................................................................................5 1.2 .......................................................................................................................................................5 1.3 ....................
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authors admit different expectations of equity cash flows, most authors look for a unique discount rate. It seems as if the expectations of equity cash flows are formed in a democratic regime, while the discount rate is determined in a dictatorship. 1. Introduction 2. Historical Equity Premium (HEP) 3. Expected Equity Premium (EEP) 2.1. First studies of the historical equity return. 2.2. Estimates of the historical equity premium of the US. 2.3. A closer look at the historical data. 2.4. Estimates
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Lonking Holdings HONG KONG Long drive to diversification W e initiate coverage on Lonking Holdings with a Neutral rating and a target price of HK$2.90. W e like the company’s strategy of moving into the excavator market, which is a high-growth segment, albeit a competitive one. Its wheel loader business is growing steadily in a stable, competitive environment that is dominated by several domestic producers. The company’s future growth rate should be subdued compared to previous years
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Indian Telecom Sector: An Overview ...................................................................................1-14 Telecom Commission.................................................................................................................... 15 Department of Telecommunications .....................................................................................17-29 III. 1. III. 2. III. 3. III. 4. III. 5. III. 6. III. 7. III. 8. III. 9. IV. V. VI. VII. Wireless Planning and Coordination
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