KENANGA RESEARCH 29 January 2013 Initiating Coverage Padini Holdings Berhad Maturing gracefully MARKET PERFORM Price: Target Price: Share Price Performance RM1.83 RM1.84 We are initiating coverage on Padini Holdings Berhad (“Padini”) with a MARKET PERFORM call and a target price of RM1.84, which is based on a targeted PER of 11.2x on the company’s FY13 EPS of 16.4 sen. Padini has a strong foothold in the domestic market with a vast retail network of nine labels under its portfolio
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Production Asia Pacific • Australia – Exploration, Development, Production & LNG • Brunei – Exploration • China – Exploration & Development • Indonesia – Exploration, Development & Production • Malaysia – Exploration, Development, Production, LNG & Trading, Technology & Engineering Services • Malaysia-Thailand Joint Development Area – Development & Production, Technology & Engineering Services • Myanmar – Exploration, Development & Production • South Korea – Technology & Engineering Services
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1 POLICY REFORMS AND TRADE LIBERALIZATION IN BANGLADESH I. MAIN FEATURES OF BANGLADESH ECONOMY GDP and its composition. During the fiscal year 2002-2003, the GDP of Bangladesh stood at around $52 billion. The growth rate of GDP has picked up in recent years. Thus, during 1980-90, it grew annually at 3.7 per cent on average, barely above the population growth rate. On the other hand, it approached an average annual rate of 5 per cent during 1991-2002. The relative shares of consumption and
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WP/04/12 The Late 1990s Financial Crisis in Ecuador: Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization at Work Luis I. Jacome H. © 2004 International Monetary Fund WP/04/12 IMF Working Paper Monetary and Financial Systems Department The Late 1990s Financial Crisis in Ecuador: Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization at Work Prepared by Luis I. Jácome H.1 Authorized for distribution by Mark Swinburne January 2004 Abstract
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all levels of education were higher than those of other countries with comparable, or even higher, income levels. But no longer. Any edge that the Philippines might have had in its human capital has eroded as more developing countries – Indonesia, Malaysia, Thailand, and Vietnam, as cases in point – have achieved higher enrollment rates even at the secondary level (figure 1). In addition, a large number of children who enter school do not reach the last grade in the cycle—about 30 percent of those
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low levels of economic development. According to the United Nations, Indonesia’s HDI of 0.734 is below 110 other economies. Income Inequality in Indonesia, as measured by its Gini index of 37.56, is similar to other economy in the region such as Malaysia and Vietnam. The distribution of income is more equal than in many countries, such as Thailand, the Philippines, or major economies such as China or the United States. This is part of the reason why Indonesia does better in international comparisons
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Introduction Introduction Singapore airlines began with the incorporation of Malayan Airways Limited and was formed in the formation of two entities: Singapore Airlines and Malaysian Airlines System due to political disagreements between Singapore and Malaysia .However,SIA commence its operation in 1 October 1972 (1972-10-01), and has formed a respectable position in the airline industry ever since. SIA has diversified airline-related businesses, such as aircraft handling and engineering. Its wholly owned
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Foreign Direct Investment in the Indian Telecommunications Sector By Keith Green Abstract This paper will examine the current status of foreign direct investment (FDI) in the Indian telecommunications sector and the issues facing foreign companies seeking to invest in the Indian telecommunications sector. The paper concludes with a brief econometric examination of the factors influencing the level of FDI in the Indian telecommunications sector. Introduction In the early 1990s India began to open
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Philippine History Early History -The Negritos are believed to have migrated to the Philippines some 30,000 years ago from Borneo, Sumatra, and Malaya. The Malayans followed in successive waves. These people belonged to a primitive epoch of Malayan culture, which has apparently survived to this day among certain groups such as the Igorots. The Malayan tribes that came later had more highly developed material cultures. In the 14th cent. Arab traders from Malay and Borneo introduced Islam into the
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Foreword I do not claim to have read the manuscript Of Changes and Transformations: Bangladesh Bank [July 2009-June 2013] highlighting changes the central bank has gone through in the past four years, but certainly had a cursory look at it. The publication of the book is of great significance at a time when the present government has just completed its four years in office. I welcome this initiative by Bangladesh Bank. I would like to thank Governor Dr. Atiur Rahman and others concerned with the
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