TABLE OF CONTENTS
1 Executive Summary
2 Company background
3 Industry Overview
4 Reasons for acquisition
5 Major events
6. Financing package
7. Analysis of the effects of corporate announcements
8. Aftermath
9. Discussion
1. Executive summary
2.1 About HNA HOLDING GROUP COMPANY LIMITED
2.1.1 History
HNA holding group company limited is a listed company in Hong Kong (521.HK). HNA group has acquired and controlled the former Shougang Concord Technology Holdings Limited in 2013. HNA holding was mainly doing business in traditional electronic products processing industry. With years of development, the company has shifted its major business into diversified integrated logistics services, resort and tourism industry and
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Notwithstanding becoming a leading marine service provider, CWT also expanding its global network to 200 ports and 1600 inland destinations in providing sea freight services.
Commodity marketing
CWT is currently playing the role of broker for non-ferrous base metal trading. They are making profit form the arbitrage between price difference of two geographic locations relying on their logistic network. They can also receive a higher offer for providing a portfolio of metals of concentrates rather than just providing single kind of material. With an operation of 12 offices and numerous of staffs, their commodity marketing is creating more arbitrage opportunities for their commodity trading business.
Engineering services
CWT is now incurring the services of property, facilities and vehicle management, supply, install and maintain engineer products, design and construct for logistic assets. Their customers are served in government, commercial, aviation and military sectors who is highly rely on their warehouse for installation and maintenance. The passenger terminal and airfield lighting system of Singapore airport is also provided by CWT. Airport, home security department and military occupied the major demand of vehicle maintenance services of
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Figure 7.1.1. Linear regression where β =1.932, after plugging in 250-day data [data from 03/03/2015 to 06/11/2015] before t-10 of Stage I [22/07/2015]
Step 4: Find the Expected return for HNA Holding After getting β s from 250-day historical data of ri and rM , we found the expected return for HNA Holding by plugging in figures into the capital asset pricing model [CAPM], the formula of CAPM is shown as below:
E(rit)=rf+ 훽(E(rMt)− rf)
where
This paper explains the U.S. financial system to CFO of Jagdambay Exports. I will explain the following questions. 1. Explain the components of a financial market and its relevance to Jagdambay Exports. Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports.
And achieve as a result, the growth for its brand, market share, and sales
This was done with the help of a weighted average unlevered beta, the market risk premium and the risk free rate. The risk free rate of 5.85 % has been acquired from the 30 year T bond rates. The beta was found out using the three other comparable companies and their unleveraged betas. With help of all these values the discount rate of 10.847% was calculated which contributed in discounting the cash flows and obtaining the present value of cash flows. The continuing value for Calaveras has been estimated using the key value driver formula which was found out to be $ 7019.715.
Over the past six years, I have witnessed Hy-Vee undergo key structural changes, mainly in the pharmacy department. The reorganization process has helped the pharmacies produce more efficient numbers and profits. Structural changes such as a new computer system and a central fill processing facility has improved the work flow. This allows the pharmacist to have more time to help our patients, which is ultimately what our goal is. There were definitely some doubts about whether restructuring would be successful.
The diversification lowered the overall risk of the firm and created an information network among the divisions, which was critical for the company to gain competitive advantage. The loyal customer base was another strength. The $60 billion assets that under the company’s management provided the company a positive brand image and made it easier for the company to attract new customers. Weakness:
Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within
Introduction Homer Stryker, an orthopedic surgeon, founded Stryker Corporation after World War II. Stryker Corporation was established to create new medical tools and improved medical procedures for patients to help them heal faster and more efficiently. In order to sustain their twenty percent rate of return, and to generate continuous growth and innovation, Stryker relies heavily on acquisitions. One of Stryker’s more notable and largest acquisitions was Howmedica worth $1.65 billion. Large acquisitions can be risky, so we will access Stryker Corporations industry factors and explain why their detailed capital expenditure process works.
1. Case: Crown, Cork and Seal in 1989 (a) Perform an industry analysis of the U.S metal can industry in 1989.Define the industry. Analyze the effect of buyer and supplier power, competition, barriers to entry, complements and substitute for the industry. Summarize your assessment of industry’s attractiveness. Is this an industry in which the average metal company can expect an attractive return over the long run?
Political Forces: The political stability is very important for the business to grow and last, according to that if the business has been operated in a politically unstable area, or in a country that is under a threat of wars that will lead to a loss for the business. Politics and governmental interferes is an important issue that is facing businesses and became a barrier in many situations. GAP Inc.
For the company, it gets the raw materials like wood and wood fiber from its internal suppliers and other raw materials like metal from its external suppliers. At this stage, parties like IKEA Industry and IKEA’s external suppliers are involved. Since IKEA has to purchase materials from numerous suppliers, the company has 31 trading service offices in 26 countries so that new idea testing, production monitoring, quality checks and price negotiations can be carried out efficiently. This ensures that the material costs are at its lowest and at the same time, material comes in good
This asset mix has a mean cost per employed person of 794. The CTE(90) is 879 which is within the “10% deviation from mean” boundaries the proposed requirement set. In the event of adverse market, we need to put more conservatism into our consideration. It is expected that more outcomes will occur close to the worst scenarios we have tested. Therefore, for the adverse market, we should choose CTE(95) as we weighted more heavily on the 5% worst scenarios.
Table of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)
Porter’s five forces interact to shape the competitive landscape facing port authorities and port service providers. The 5 forces are stated below; 1. The rivalry among existing competitors 2. The threat of new competitors 3. The potential for global substitutes 4.
According to iRami (2012) stated that the shipping plays an important role in world trade which is the backbone of the world economy. Recently, without these boats and vessels provide transportation services, many countries will be unable to participate in world trade and will not be as prosperous. From centuries past, the sea has always been important to all country at the world which as an important factor of economic development of every maritime country. The maritime sector contributes significantly to the economic development. Underling this is the fact that 95% of the country international trade is carried in whole or in part by maritime transport.
Shangri-La has their hotels and resorts across the world for example North America, Europe, Middle East and Asia. Shangri-La hotel also soon will expand to Philippines, Maldives, India and Thailand as well. Shangri-La hotel has high speed of international growth because their hotel is expanding their operation to different countries and increases their international existence. By expanding their business to various countries, those countries not only for tourists’ destination but also provide suitable accommodation to businesses with attractive environment. The motivations of Shangri-La hotel to internalization their business because it is lower cost doing their business in different countries and can generate high revenue in those areas (Study Moose 2016).