Breadtalk Research

Talk Local brand; regional success. BreadTalk Group Limited started out in 2000 as a local bakery chain best known for its signature floss buns, before firmly establishing its brand name and evolving into a major food retailer in less than 10 years. It currently operates in three main segments: bakery, food court and restaurants. It entered the restaurant segment in 2003 after acquiring the Singapore franchise rights to the renowned Din Tai Fung restaurant brand. The food court business soon followed in 2005. The group was listed on SGX in 2003. China to spearhead the next growth phase. From Singapore, it moved to the rest of the region and China is currently one of its key markets outside of Singapore. Given the sheer size of the consumer market in China, we believe that it will be the future catalyst for BreadTalks growth. While Singapore currently remains the largest revenue contributor to the Group, BreadTalks diverse brands of various food offerings and established foothold in Beijing and Shanghai should allow it to take advantage of rising disposable incomes as well as react quickly to new consumer trends in China. In terms of number of outlets, China already outnumbers Singapore with 20 food courts, 3 Carls Jr fast food restaurants, 3 RamenPlay restaurants and 184 bakery outlets. Rising costs, an issue, but manageable. We believe that BreadTalk will be able to maintain a gross profit margin of about 55%, which is in line with its margins over the past five years despite potential hike in food costs. Previous fluctuations in raw material prices had not resulted in any significant impact on gross profit margins, and the group also plans to improve its margins by shortening its supply chain and bulk sourcing globally for its supplies. Initiate with BUY and fair value estimate of S$0. 74. We project revenue growth of 26% YoY for FY2011F on the back of outlet expansions and stronger sales from existing stores. Backed by strong sales projections, its growing brand recognition and its continuous commitment to review and enhance its offerings, we are initiating coverage on BreadTalk with a BUY rating and a fair value estimate of S$0. 74 based on a discounted cash flow-to-firm valuation model with a WACC discount rate of 8. 02%. This valuation translates to an upside potential of about 11. 6% based on the last traded price of S$0. 66.

European human rights law Essay Example | Topics and Well Written Essays - 2500 words

European human rights law - Essay Example It is an individual's most essential political right and the essence of democracy. Freedom of expression is what makes it possible for even the most ordinary of citizens to make a political expression, even if that expression is against the state itself. It is this right that makes it possible for such an individual to hold an opinion that is different from the opinion of the majority. It is this freedom that gives people the power to protest inequality and oppression. From this freedom emanate all the other freedoms. In a democracy, probably the most important consequence of the freedom of expression is to compel governments to the dialogue table, and it is because of this that governments are forced to consider the opinions of people in its decision making. This works to the advantage of both people and the government - if indeed one can make a distinction between the two. People have the advantage of ensuring that all or most governmental decisions consider their opinion. In Europe freedom of expression is protected by article 10 (1) of the European Convention of Human Rights (ECHR). "Everyone has the right to freedom of expression. This right shall include freedom to hold opinions and to receive and impart information and ideas without interference by public authority and regardless of frontiers" ("The European Convention on Human Rights"). Contrary to what some... And this freedom relates to the freedom of opinion, freedom of information, and the freedom to criticize. Freedom of Opinion and Information The first paragraph of Article 10 of the ECHR elucidates that freedom of expression shall include the "freedom to hold opinions and to receive information" ("The European Convention on Human Rights"). There is more to this freedom than one initially realizes. The freedom to hold opinions, among other things, also means spiritual freedom. This freedom includes the freedom to hold and report a belief. This belief can be critical or appreciative or merely judgmental. These beliefs or opinions can relate to philosophy, science, literature, politics, ethics and several such other aspects. This freedom applies as much to giving an opinion, as to receiving one. 3 Freedom of expression includes the freedom to information. This freedom applies to receiving information, as it does to the dissemination of information. This freedom is an offshoot of the freedom to opinion. Yet another off-shoot of the freedom to express opinions is the freedom of criticism. This is a significant aspect of the freedom of expression as it gives even people in the minority the right to hold and express views that are not in consonance with the majority. This Freedom is Not Unconditional The freedom of expression is however not a platform for unfettered individual and institutional will. There are conditions. The freedoms guaranteed under Article 10 of the ECHR carry with them "certain duties and responsibilities". Exercise of this freedom must be within the parameters of certain procedures, conditions, controls and rules of infraction. These parameters are laid down by law in the wider interests of the

Asia Pacific Business Assignment Example | Topics and Well Written Essays - 500 words

Asia Pacific Business - Assignment Example Rationalization involves the adoption of techniques that can lead to efficient production of the capital goods. Japan has a tradition of a high savings rate, and a low consumption rate. During the periods of growth, the Japanese government used these savings for purposes of constructing roads, and infrastructures (Lye, 2010). In 1990s, this surplus savings became a structural impediment to the growth of Japan (Asher, Newman and Snyder, 2002). There was a severe slump in its demand, causing the Japanese economy to stagnate. The support of various interest groups by LDP made it fail to implement various measures aimed at improving the economy. This includes, failing to implement reforms that could tackle non-performing loans (Lye, 2010). Lack of good leadership led to development of ineffective policies such as the consumption tax of 1997. These taxes led to an increase in prices of commodities, leading to stagnation in growth (Menkhoff, 2010). The Japanese complex economic structure led to its economic stagnation. The symbiotic relationships between the ministry of finance and other cooperation’s between its jurisdictions have contributed to the stagnation of its economy (Lye, 2010). There is also little transparency in the economic affairs of the state. It is possible to use technology in agricultural development (Rowley, 2007). It will enable farmers improve their produce, hence feeding the nation. For example, the use of green houses to produce fruits, and vegetables. Technology helps in the creation of jobs. This is mainly because the government will employ new people in the vacancies brought forth by these technologies. For example, technological innovations in the mobile phone industry will create jobs in the

Freedom for Women in The Yellow Wallpaper by Charlotte Perkins Gillman

Freedom for Women in The Yellow Wallpaper by Charlotte Perkins Gillman and The Story of an Hour by Kate Chopin 'The Yellow Wallpaper' by Charlotte Perkins Gillman and 'The Story of an Hour' by Kate Chopin are two feminist works in which liberation is the overlying theme. Both of the main characters achieve freedom from their husbands' oppression in these short stories; however, freedom is only achieved through insanity in 'The Yellow Wallpaper' and death in 'The Story of an Hour.' The women in these stories are viewed as very powerful, as they do whatever it takes to free themselves from the oppressive holds of their husbands. Their strength proves these two short stories very influential works of feminism. Oppression is chief in the achievement of liberation in both short stories. Both of the narrators are oppressed by their husbands, and though they want to be happy, it is impossible due to the way they are treated by their spouses. In ?The Yellow Wallpaper,? John, the nameless narrator?s husband, confines his wife to a room with barred windows and hideous yellow wallpaper because she is ill. He does not allow her to exert herself physically or mentally, prevents her from seeing her friends and family and keeps her under intense scrutiny. While isolated in this room, she begins to go mad, believing that the wallpaper is somehow watching her, and eventually she believes she is a prisoner inside it. The narrator proves that her husband is oppressive when she reveals how afraid she is of him. She says, ?There comes John, and I must put this away?he hates to have me write a word? (Gillman 41). Likewise, in Kate Chopin?s ?The Story of an Hour? it is perceived that the main character Louise Mallard is oppre... ...reedom proves to be the overlying theme in ?The Story of an Hour? and death is the way in which freedom is achieved in the short story. ?The Yellow Wallpaper? and ?The Story of an Hour? are two feminist works that highlight the importance of freedom for women in the oppressive world of men. Freedom is not achieved normally in either of the short stories, but is gained through insanity and death. These two stories prove that women?s liberation is an extremely important issue, and the means by which these women gained their freedom is remarkable. Works Cited Chopin, Kate. The Story of an Hour. (1894). 31 Apr. 2003. http://www.4literature.net/Kate_Chopin/Story_of_an_Hour/> Gillman, Charlotte Perkins. ?The Yellow Wallpaper.? The Yellow Wallpaper and Selected Stories of Charlotte Perkins Gillman. Newark: University of Delaware Press, 1994. PID 0230

What are the worlds most important population problems?

The discussion of the world’s most important population problems is extremely necessary and timely. The essay correctly observes that the two most important population problems are population growth and international migration. The first problem endangers the environmental balance of our planet and puts excessive strength on resources. The second problem contributes to conflicts and tensions in many societies around the globe. The essay argues that social structures in poor countries are the cause of exponential population growth. It is true that industrialization makes labor more automated, thus decreasing the need for a constant supply of labor. However, no clear link is drawn between social structures and desire to have more children. The essay notes that poor countries lack essential social services, such as education, and families lack their own economic resources to equip children with necessary skills and knowledge. Paradoxically, this does not lead to a decrease in the number of births; the essay fails to explain this phenomenon. As concerns international migration, few reasons are given to support the claim that it is one of the world’s most pressing problems. The only reason cited is that immigrants are the burden on a country’s social service sector, resulting in increased costs for medical care, education, and other costs. Other negative developments associated with the influx of immigrants are left without attention. These developments include higher crime rates, interethnic tensions, and increased costs of providing multilingual services to immigrants from different ethnic backgrounds. More far-reaching implications, such as the danger to national identity and unity, are also not discussed.

An Easy Way to Express Your Ideas with Power Point Presentations

An Easy Way to Express Your Ideas with Power Point Presentations From the past few years, it has been found that the revolution in information technologies has made the entire world as a global village. At this point, we are able to send any sort of information anywhere in the world. The power of computer technology is also providing many features that will allow you express your ideas and views. The power point applications enable you to create high impact, professional-looking presentations quickly and easily. It has been observed that most of the people are unable to make professional presentations due to lack of knowledge. The following tips will be useful for those people. Whenever you are starting a power point presentation, you need to select the appropriate direction, in which to develop your topic and ideas. It would be great if you write an outline for your presentation. Then, you can find numerous power point templates on the web, so that to give your work pleasant appearance. It is essential to understand, what the purpose of your future presentation is. In the majority of cases, it acts as a visual aid. Speaker uses it to highlight the most important information in order for people to remember it better. At this point one thing should be emphasized the pictures and clip arts must be chosen so as to support your ideas in the most appropriate way. Apart from creating efficient visual aid, it is absolutely necessary to write a good speech. Even if you create a great presentation, if you did not know what to say, it will be a waste one. So, go ahead and start your work on the presentation and efficient speech.

Corruption And Voter Fraud Mexico Is Not A Democracy

Democracy can be defined as people having the right to vote and those elected into government are chosen through a free and fair election process. Mexico was able to briefly become a democracy when the 71-year rule of the PRI came to an end in a transparent 2000 presidential election. The lack of voter fraud evidence made it clear that it was one of the fairest elections to date for Mexico. During the PRI power Mexico was a hybrid regime. It was disguised as a democracy that only favored those who were higher up and gave not voting power to the citizens. Killings and voter fraud make it clear that Mexico was not a democracy. In 2012 when the PRI took over again allegations of corruption and voter right violations came up again and taking Mexico back years. So, for this reason Mexico is not a democracy yet. In an authoritarian regime the power is concentrated in the authority of the country and the citizens are subjected to the rules that the authority decides to impose and they are not given the right to vote. Mexico has characteristics of an authoritarian government, but there is a faà §ade that it’s a democracy. Years ago there were elections and political activity that made it seem like citizens were really participating in a democracy. This made Mexico a hybrid regime. For 71 years the Partido Revolucionaro Institucional (PRI) governed Mexico uninterrupted. During this time the president had extensive political power over the other government branches and Mexican states.Show MoreRelatedPolitics And Politics Of Mexico1573 Words   |  7 PagesPolitics has had significant impacts on states. Depending on the state, they can be positive or negative. 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