Equities Hong Kong/China Company Report Initial Coverage Nine Dragons Paper (2689 HK) 23 July 2013 China / Industrials / Paper From fast expansion to debt reduction We initiate coverage on Nine Dragons Paper (ND Paper) with an ACCUMULATE rating and a target price of HK$5.4‚ suggesting 11% upside potential. The rapid capacity expansion stage is coming to a slow down and the company is expected to focus more on debt reduction and raising profitability. Entering 2H
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Derivatives Analysis Case 2: Williams Company 1. In July 2002‚ Williams faces a tough time. Williams engaged in many different types of energy activities‚ including the purchase‚ sale‚ transportation‚ transmission of energy-traded commodities (natural gas and liquids‚ crude oil‚ refined products‚ and electricity)‚ and exploration and refining. It also involved in the telecommunications service by running optical fiber throug old natural gas pipelines. The company grew impressively from its beginnings
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The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project is to help the
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Romeo and Juliet is the most famous love story in the English literary tradition. Love is naturally the play’s dominant and most important theme and is shown frequently throughout Act I scene V. The second most dominant theme is that of hatred‚ the contrasting theme to love; the theme of hatred permeates Romeo and Juliet and can be seen in an array of different forms throughout Act I scene V. In this essay I will discuss key themes in plot‚ characters and language. This scene alternates between the
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Exercise 5: Gymnosperms and Angiosperms ______________________________________________________________________________ OBJECTIVES: 1. Describe the distinguishing features of gymnosperms and angiosperms. 2. Understand the evolutionary significance of pollen and seeds. 3. Understand the function of a cone‚ a flower‚ and a seed. 4. Relate the life cycle of angiosperms to the other phyla of the plant kingdom. ______________________________________________________________________________ INTRODUCTION
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Florida Institute of Technology • Chemical Engineering Department CHE-2101 • Chemical Engineering Fundamentals I • Fall 2012 Homework # 5 [Problems 1‚ 3‚ 4‚ and 5 due: Wednesday‚ September 19th‚ 2012] Problem # 1: Solubility of formaldehyde in a solvent is measured by a spectrophotometer operating at 570 nm. The data collected are optical density versus concentration expressed in grams per liter. Concentration‚ c 100 300 500 600 700 Optical density‚ d 0.086 0.269 0.445 0.538 0.626 Based on Beer’s
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– The Charter Company Discussion Questions Answer these questions using the overview (p. 1) and 5 Exhibits (pp. 3 – 9). Write your responses in a new thread on the board. 1. Calculate the following ratios for each year during the period 1980-1983. Comment on the trend indicated by each ratio with respect to the financial performance and condition of the Charter Company. a. Profitability: Return on average total assets (assume a 46% income tax rate) ROTA=Sales/Total assests 1983=133896/1720622
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PsychSim 5: HUNGER AND THE FATRAT Date: 1/27/15 This activity provides a simulated experiment on weight regulation in rats. The Hypothalamus • What are the two techniques used to study hypothalamic dysfunction? How do they differ? The two techniques used to study hypothalamic dysfunction are stimulation and destruction. To simulate the hypothalamus a small wire probe is inserted into the hypothalamus and a weak but constant current is passed through its insulated tip. Generally‚ simulation makes
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Introduction to Business Samsung Company From a small export business created in Daegu‚ Korea‚ Samsung has grown and become one of the world’s leader in the electronics industry. The main specialization of Samsung is digital appliances and media‚ semiconductors‚ memory and system integration. The market segmentation of Samsung is giving them a firm commercial advantage. Samsung is segmented according to demographic segmentation‚ that consists of dividing the market in groups
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The Company: TaylorMade Adidas Golf Company ABOUT TAYLOR-MADE ADIDAS GOLF COMPANY Accordingly‚ the Adidas Group is one of the global leaders within the sporting goods industry‚ offering a broad range of products around three core segments: Adidas‚ Reebok and TaylorMade Adidas Golf‚ Headquartered in Herzogenaurach‚ Germany‚ the Group has almost 30‚000 employees and generated sales of more than €10 billion during the year 2006. Ideally‚ TaylorMade Adidas Golf‚ one of
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