1. How would you value the Hong Kong Disneyland project from the perspective of Walt Disney? The valuation of Hong Kong Disneyland from the perspective of Walt Disney is done by taking the following assumptions: Cost of Capital = 9.52% Cost of Government Debt = 8.19% Cost of Commercial Bank Debt = 11.36% Cost of Equity = 12.3% (10 year average) Inflation = 7.31% (10 year average) Gross margin = 37% Operating Cost = 22% Variable Management Fee = 5% With the above assumptions the FCF
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Would the tourism industry in Hong Kong further lost its lustre? For years‚ a huge amount of tourists from all over the world had flooded into the territory in search for Hong Kong¡¦s shoppers¡¦ and gourmets¡¦ paradise. However‚ recently‚ Hong Kong seems losing its edge in luring tourists. Hong Kong used to supply goods with cheap prices because of its simple tax system which charges low tax on almost every item except cigarette and alcohol. Because of that‚ clothes in Hong Kong are of good
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Assignment Background IKEA is a Swedish company founded in 1943. It is an international retail chain store with 160 stores located in 30 countries. IKEA’s business philosophy is to offer a wide range of home furnishings with good design and function at prices that as many people as possible will be able to afford. The IKEA store in Hong Kong is one of the franchise stores in the Asia Pacific region‚ having started business in 1975. Since then‚ IKEA has become the leader in the home furnishing
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international market may not seem to be a challenge for Walt Disney Company. However‚ in evaluating the past 4 years of attendance and operating figures of their newest park – Hong Kong Disneyland‚ it goes to show that the park performance is far from ideal. Why does the Disney magic not work in the hub of Asia – Hong Kong? This paper will answer that question‚ and after consolidating the lessons learnt from Tokyo‚ Paris and Hong Kong Disneyland‚ we will recommend the items Disney should consider before
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first year‚ Disneyland in Hong Kong were 400‚000 short of its target of 5.6 million projected visitors Estimated attendance: 2008: 7.1 million Actual attendance: 8.2 million In order to attract more visitors‚ the park has announced to add four new attractions‚ apart from the already-announced it’s a Small World‚ in 2008. 2.) Did Disney realize the projected income from the J.V.? Hong Kong Disneyland Resort is owned by a joint venture company‚ Hong Kong International Theme Parks Limited
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“independent” enough to safeguard minority interests; thus reflecting the loopholes of existing system. Recent trend of INEDs jumping ships during company crisis has alarmed us about insufficient minority protection. For example‚ Dr Hans-Joachim Körber resigned as INED during Esprit’s difficult time. Mr. Lim Meng Ann resigned as INED amidst Li Ning Company Limited’s poor operating performance. So a question remains: Are INEDs part of an effective corporate governance mechanism? Problems First‚ INEDs
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Final Project Topic: 3 Hong Kong Lecturer: Calvin WAN Date: 26th November‚ 2013 Group Members: Leung KIT Chow YoYo Leung Tania Ma Tony Siu Ching Man Water Contents a. Executive Summary b. Description of 3HK & Reason c. Marketing Objective d. Environmental Analysis e. SWOT Analysis f. Segmentation g. Targeting h. Positioning i. Evaluation(4Ps) j. Recommendation k. References & Appendices l. Member’s Contribution Executive Summary 3 Hong Kong (3HK)‚ as being one of the
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Title Author(s) Health implications of Hong Kong abortion laws Wong‚ Stephanie Lynne Citation Issue Date URL Rights 2013 http://hdl.handle.net/10722/193849 The author retains all proprietary rights‚ (such as patent rights) and the right to use in future works. Health Implications of Hong Kong Abortion Laws Written by Stephanie Lynne Wong For the Degree of Master of Public Health at the University of Hong Kong in August 2013 Abstract: Abortion is a difficult
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what extent do you agree with this view? In 2003‚ The Individual Visit Scheme began‚ which allow year-round multiple entry visa arrangement for mainland visitors in selected cities. After the launch‚ the number of mainland visitors dramatically soared‚ from 8.5 million in 2003 to 22.7 million in 2010 (Fan & Yim‚ 2011).The various merits of the Individual Visit Scheme have been entirely debated. While some businessman welcome the scheme that likely enhance the economy in Hong Kong‚ normal citizens
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CHAPTER 2 McDonald’s in Hong Kong: Consumerism‚ Dietary Change‚ and the Rise of a Children’s Culture James L. Watson On a cold winter afternoon in 1969 my neighbor‚ Man Tsochuen‚ was happy to talk about something other than the weather. Over tea‚ Mr. Man continued the saga of his lineage ancestors who had settled in San Tin village‚ Hong Kong New Territories‚ over six centuries earlier. Local history was our regular topic of conversation that winter and the story had already filled several
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