Vietnam's Economic Policy and Business. structures for venture capital setup will be discussed in the market entrance plan. There are also types of risks that we should not ignore.
Introduction With high-growth GDP and stable exchange rate, the Vietnam economy has incredible potentials in many industries, more and more foreign investors focus on this opportunity and harvest great profits. Vietnam government also provides encouraging tax packages for some investment. Vietnam`s internet space is still in “early stage” but have significant demand from the 700 million population, as a result this is good chance for venture capital to step in. Two structures for venture capital setup will be discussed in the market entrance plan. There are also types of risks that we should not ignore. . Basic information about Vietnam economy After the Sixth Party Congress of Communist Party of Vietnam 1986, the “Renovation” economic reform package has replaced the centralized planned economy. Vietnam then began introducing market elements which is similar to the Chinese “Reform and Opening-up Policy”, and also rewarded by incredible economic results. In 2007, Vietnam acceded as the 150th member of the World Trade Organization (WTO). . Gross Domestic Product (GDP) and inflation rate (data from world bank) Vietnam is the second-fastest growing economy from 2000 to 2008, they achieved around 8% gross domestic product (GDP) growth. The GDP was $106.43 Billion US dollar in 2010 which had tripled within 25 years, it slowed down after 2008. The Asian
Case Analysis of Managerial Finance Issues Resulting from the August 15, 2012 Cyber Attack on Saudi Aramco
CASE ANALYSIS OF SAUDI ARAMCO CYBER ATTACK Case Analysis of Managerial Finance Issues Resulting from the August 15, 2012 Cyber Attack on Saudi Aramco Date of Submission: January 29, 2013 ________________ . Introduction and Background of the Case On August 15, 2012, Saudi Aramco (“Aramco”) experienced what has come to be described as the most destructive act of computer sabotage on a corporate entity to date (Kennedy, 2012; Arthur, 2012). The impact of this cyber attack becomes clearer when you analyze the role of the company in global energy security given that Aramco is arguably the largest oil company in the world. The magnitude of the destruction wrecked by the computer virus unleashed on the company on that fateful morning on August 15 has kept the corporation in the international limelight for four months now and become a reference point for governments and corporate entities around the world. This attack has no doubt reignited debate about the threat of cyber attacks at the highest corporate and government level worldwide (Fisher, 2012). Following the attack on Aramco, the international news media largely angled on the political intrigues surrounding the probable cause of the attack, the probable reasons as to why it was orchestrated and who may have been responsible for this heinous act. Security experts on the other hand zeroed in on analyzing the
Waldorf Property Development Case Study. In order to evaluate the benefits that Pflug Enterprises will have from investing into Waldorf Property, the numerical value of ROI is used.
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Using Bender and Ward model to evaluate the financial strategy of Amazon over the last five years.
07987171 ‘Use of Bender and Ward model to evaluate the financial strategy of one major company over the last five years.’ Contents Introduction 2 Literature Review 3 About the Company – Amazon.com 6 Findings and Comparative analysis 7 Conclusion 11 ‘Use of Bender and Ward model to evaluate the financial strategy of one major company over the last five years.’ Introduction Bender and Ward (2002) identify the main four phases of the company life cycle. Accordingly we need to know how realistic this model is. Does it have any practical application? Can we consider this as a perfect model? There is a lot of criticism regarding this model. Different writers have different views on the company life cycle. It could be argued that there is no inevitability in the company life cycle. It can even be said that there is no logical reasons for this to happen in corporate business. In large corporations where ownership and management are separated and renewable, these factors do not apply. There are examples of businesses which have followed all the four
Case Study - Laura Martin is a sellside equity analyst at CSFB. She covers 15 large capitalization stocks and focuses on 2 industries.
Laura Martin: Real Options and the Cable Industry Group 13 Adarsh N (60) Gaurav Chand (82) Hemant Kumar (83) Prateek Gupta (99) Rohan Gupta (104) Sahil Jindal (105) Individual Contribution: 16.67% for all group members Strategic Financial Management Prof. K . Sudershan ________________ Ques 1. What is the role of Laura Martin? Consider the multiples analysis developed in Exhibits 2, 5 & 6. What assumptions does this analysis rely upon? Role: Laura Martin is a sell-side equity analyst at CSFB. She covers 15 large capitalization stocks and focuses on 2 industries. Martin estimated that she spent approximately 40% of her time analysing firms she covered, 35% communicating that analysis to buy-side clients and 25% on internal CSFB activities. Martin has covered the cable industry for the last 5 years. During that time, she had tried to differentiate herself from her competitors through an emphasis on more advanced valuation techniques. While most of her competitors were content with metrics such as EBITDA multiples, Martin had chosen to emphasize discounted cash flow analyses and EVA analyses. Recently, her attention had shifted to real options analysis as she felt other valuation metrics neglected an important aspect of the cable industry. ROIC Target Price Analysis Using regression analysis, Martin analysed the relationship between ROIC and the valuation of
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Ratio Analysis
Ratio analysis isn't just comparing different numbers from the balance sheet, income statement, and cash flow statement. It's comparing the number against previous years, other companies, the industry, or even the economy in general. Ratios look at the relationships between individual values and relate them to how a company has performed in the past, and might perform in the future. Financial ratio analysis is the calculation and comparison of ratios which are derived from the information in a company's financial statements. The level and historical trends of these ratios can be used to make inferences about a company's financial condition, its operations and attractiveness as an investment. Financial ratios are calculated from one or more pieces of information from a company's financial statements. For example, the "gross margin" is the gross profit from operations divided by the total sales or revenues of a company, expressed in percentage terms. In isolation, a financial ratio is a useless piece of information. In context, however, a financial ratio can give a financial analyst an excellent picture of a company's situation and the trends that are developing. A ratio gains utility by comparison to other data and standards. Taking our example, a gross profit margin for a company of 25% is meaningless by itself. If we know that this company's competitors have profit margins
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Running head: RISK ANALYSIS ON INVESTMENT DECISION PAPER SILICON ARTS INC. RISK ANALYSIS ON INVESTMENT DECISION PAPER University of Phoenix Silicon Arts Inc Risk Analysis on Investment Decision According to the capital budgeting simulation (University of Phoenix, 2002), for the past four years Silicon Arts Incorporated (SAI) has manufactured digital imaging circuit integrations for digital cameras, DVD players, computers, and multiple industry instrumentations. SAI is planning a two option agenda. SAI wants to increase the company's market share and to keep pace with technology in the industry. In order to meet the agenda, SAI proposes two alternatives. The alternatives are an expansion of digital imaging in SAI's already existing market share, whilst entering into the wireless communication market. Using the Market Research Report, SAI has outlined several series of developments possible to affect the estimated sales volume, price and marketing costs. In addition to the Market Research Report, expert opinions by James Campbell and Hal Eichner are provided to help decide the best decision to make. To make the best investment decision for SAI, a review of the cash flow, cost opportunity, Net Present Value (NVP), Internal Rate of Return (IRR) and Profitability Index (PI) for comparing the "mutually exclusive capital investment proposals" (University of Phoenix, 2002).