Question? Call Us  +1 (817) 546-4770

FINM036 Financial Decision Making

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

FINM036 Financial Decision Making

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

FINM036 Financial Decision Making

0 Download14 Pages / 3,430 Words

Course Code: FINM036
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Questions:
1.Identify the asset value per share and the current market share price. (This will be available on the company website or google out. The annual report will have the yearend high and low values). Comment on the share prices of the company. Is it linear with the stock exchange indicator (STI – Strait times Index) 2. Consider non-financial (ratios) parameters like brand preference, customer retention and churn, customer experience, Innovation, customer service, KPI, SWOT, PESTLE, market share, customer loyalty, innovation, management capability, employee relations, quality and brand awareness and perceived value, CSR activities, sustainability activities, service quality, staff turnover, patents and trademarks, supply chain, R&D activities, etc

Answer:
Introduction
Genting Singapore Plc is the Singapore-based regional hospitality, leisure as well as integrated resorts listed on Singapore Stock Exchange (Reuters.com 2018). Through its subsidiaries, Genting Singapore plc is usually engaged in development as well as operations of casinos, integrated resort, provision of marketing and sales support services to hospitality and leisure related investment and businesses. The company operates through hospitality and leisure operations segment in Singapore. It also carries its operations in the other regions such as Asia Pacific including development of integrated resort within Korea (Genting Singapore plc 2017). To be more specific, Genting Singapore plc is engaged in operation and development of the integrated resorts, comprising of gaming, incentives, hospitality, casino, meetings and conferences. The company also provides international marketing, information technology and sales services. It gaming plan is usually owning and operating hospitality, entertainment, gaming and leisure facilities (Reuters.com 2018). The company operates under gabling, lodging and entertainment industry.  Its main competitors include 2016 GCG Limited, Las Vegas Sands Corporation as well as Melco Resorts and Entertainment Ltd.
Horizontal Analysis and Vertical Analysis
Based on the company’s horizontal analysis presented in Table 1 and 2 below, it is evident that Genting Singapore plc revenue experienced a significant increase in the year 2014. The decrease in total revenue over the two years was attributable to the stiff competition within the industry resulting in decreased sales. Nonetheless, in the year 2017, Genting Singapore plc is found to have enjoyed increment in its revenue. Its profits both net profit, operating and gross profit experienced decrease in 2013, 2014, 2015 and 2016; nonetheless, the profits increased in 2017. The increase in profits in 2017 was attributable to higher business volume for the company from its casino business. Further, its total assets over the last five years experienced a decreasing trend. The decrease was mostly attributable its recent acquisition which has ended up making the company generate weak assets. Additionally, its total liabilities are viewed to experience a decreasing trend in 2013, 2014, 2015 and in 2016, however the total liabilities increased with 11.50%. The increase reported in 2017 was attributable to increased debt financing over the period. The increase in sales and profits is consistent with the industry trend where the lodging industry recorded a tremendous increase in 2017.

 

2014

2015

2016

2017

Revenue

0.52%

-19.20%

-7.76%

6.90%

Gross profit

-0.80%

-43.43%

-0.58%

35.91%

Operating income

22.02%

-68.46%

-5.48%

38.68%

Income before taxes

-5.09%

-188.53%

43.86%

42.21%

Net income from continuing operations

-11.50%

-229.02%

49.87%

43.88%

Net income

-11.34%

-229.02%

49.87%

43.88%

Table 1: Horizontal analysis of Genting Singapore plc Income Statement 

 

2014-12

2015-12

2016-12

2017-12

Cash and cash equivalents

1.81%

26.09%

-0.79%

-29.45%

Short-term investments

3.73%

0

0

0

Total cash

2.31%

-0.18%

-0.79%

-29.45%

Receivables

-1.34%

-82.02%

-264.97%

-63.54%

Inventories

-3.70%

5.26%

8.06%

-26.53%

Total current assets

1.68%

-7.76%

-0.17%

-41.16%

Gross property, plant and equipment

1.47%

-0.60%

0.28%

0.56%

Accumulated Depreciation

23.01%

13.82%

11.83%

8.63%

Net property, plant and equipment

-4.92%

-5.87%

-4.67%

-3.41%

Goodwill

0.00%

0.00%

0.00%

0.00%

Intangible assets

-55.56%

-100.00%

71.43%

-50.00%

Deferred income taxes

0

100.00%

0

0

Other long-term assets

-46.01%

25.09%

-170.05%

21.09%

Total non-current assets

-7.98%

-3.09%

-10.19%

-2.51%

Total assets

-3.17%

-5.36%

-5.08%

-19.14%

Short-term debt

0.39%

-215.85%

9.89%

10.34%

Capital leases

-600.00%

66.67%

0.00%

0

Accounts payable

-25.00%

0.00%

-33.33%

-200.00%

Total current liabilities

6.16%

-138.33%

-2.21%

26.91%

Non-current liabilities

 

 

 

 

Long-term debt

-43.75%

18.90%

-49.28%

3.36%

Deferred taxes liabilities

-15.22%

18.73%

5.67%

-6.01%

Total liabilities

-15.43%

-23.66%

-25.31%

11.50%

Table 2: Horizontal analysis of Genting Singapore plc Balance sheet 

 

2013-12

2014-12

2015-12

2016-12

2017-12

Cash and cash equivalents

27.77%

29.17%

41.59%

43.36%

39.91%

Short-term investments

9.68%

10.37%

0.00%

0.00%

0.00%

Total cash

37.44%

39.54%

41.59%

43.36%

39.91%

Receivables

8.08%

8.23%

4.76%

1.37%

1.00%

Inventories

0.43%

0.43%

0.47%

0.54%

0.51%

Total current assets

47.41%

49.76%

48.65%

51.03%

43.07%

Gross property, plant and equipment

56.75%

59.42%

62.23%

65.58%

78.57%

Net property, plant and equipment

46.62%

45.84%

45.62%

45.80%

52.76%

Goodwill

0.63%

0.65%

0.69%

0.73%

0.86%

Intangible assets

0.43%

0.28%

0.15%

0.55%

0.44%

Deferred income taxes

0.00%

0.00%

0.02%

0.00%

0.00%

Total assets

100.00%

100.00%

100.00%

100.00%

100.00%

Current liabilities

 

0.00%

0.00%

0.00%

0.00%

Short-term debt

3.95%

4.09%

1.36%

1.59%

2.11%

Capital leases

0.05%

0.01%

0.02%

0.03%

0.00%

Accounts payable

0.04%

0.03%

0.03%

0.03%

0.01%

Taxes payable

1.19%

1.43%

0.57%

0.82%

2.08%

Other current liabilities

5.85%

6.61%

3.39%

3.06%

4.81%

Total current liabilities

11.07%

12.17%

5.38%

5.53%

9.01%

Long-term debt

13.02%

9.34%

12.14%

8.54%

10.53%

Deferred taxes liabilities

2.03%

1.82%

2.35%

2.62%

2.95%

Deferred revenues

0.08%

0.06%

0.05%

0.03%

0.02%

Other long-term liabilities

0.02%

0.03%

0.01%

0.01%

0.01%

Total non-current liabilities

15.14%

11.26%

14.58%

11.21%

13.52%

Total liabilities

26.21%

23.43%

19.96%

16.74%

22.54%

Table 3: Vertical Analysis of Genting Singapore plc Balance sheet

 

2013

2014

2015

2016

2017

Revenue

100.00%

100.00%

100.00%

100.00%

100.00%

Cost of revenue

64.81%

65.30%

71.14%

69.08%

55.08%

Gross profit

35.19%

34.73%

28.86%

30.92%

44.92%

Operating income

26.62%

33.96%

24.03%

24.55%

37.28%

Income before taxes

29.72%

28.13%

11.62%

22.31%

35.94%

Net income from continuing operations

24.87%

22.19%

8.04%

17.28%

28.67%

Net income

24.83%

22.19%

8.04%

17.28%

28.67%

Net income available to common shareholders

24.83%

22.19%

8.04%

17.28%

28.67%

Table 4: Vertical analysis of Genting Singapore plc Income Statement
 Economic Condition of the Hospitality and Entertainment Industry in Singapore 
The hospitality and entertainment market or industry is the largest revenue generator in Singapore due to the immense number of companies involved in lodging business. Basically, Singapore is a small country well-known for its luxurious hotels and food (Study.com 2018). It has more than 400 hotels and lodges and still more are being built (Singapore Tourism Board 2017). Its strongest supporters are the international visitors and for the past years, the lodging and entertainment industry has recorded significantly high or increased profitability and efficiency. According to DJ Kang (2017) there are more tourists visiting Singapore than ever who are spending more cash in the country. For instance, the country gained $11.5 billion in 2016 from hospitality and entertainment industry and around $12.7 billion in 2017.
PROFITABILITY 
Gross profit ratio 
This ratio helps in measuring amount of sales that is convertible to gross income.

 

2013

2014

2015

2016

2017

Industry

Gross Margin

35.21

34.72

28.85

30.95

44.92

44.81

Table 1: Gross profit ratio
Based on the Table 1 above, Genting Singapore Ltd ratio was 35.21 in 2013 that experienced a significant decrease to 34.72 by 2014, then to 28.85 in 2015 but later increased to 44.92 in 2017. This ratio was relatively as per the industry ratio which was 44.81 meaning that the company was profitable. The increase reported in the last two years was attributed to increased revenue resulting from its higher business volume from its casino business. 
Figure 1: Graph of gross profit ratio Net Margin

 

2013

2014

2015

2016

2017

Industry

Net Margin %

20.7

18.07

3.13

11.95

25.12

18.23

Table 1: Net margin
The ratio decreased over the period moving from 20.7 in 2013 to 18.07 in 2014, then to 3.13 in 2015 but later an increased to 25.12 in 2017. This ratio is relatively above the industry threshold of 18.23 meaning that the firm is profitable enough over the period. The increase was usually due to increased volume of sales reported over the period. 
Return on assets

 

2013

2014

2015

2016

2017

Industry

Return on Assets %

4.53

4.02

0.61

2.27

5.71

8.79

Table 3: ROA
By 2013, the ratio was 4.53 which is said to have decreased to 4.02 in 2014 and further to 0.16 in 2015 but later increased to 2.27 and further to 5.71 in 2017. This ratio was below the industry threshold of 8.79. The increase reported in the last two years was attributable to increased net income over the same period. 
Return on Equity 

 

2013

2014

2015

2016

2017

Industry

Return on Equity %

6.34

5.35

0.78

2.78

7.08

31.00

Table 4: ROE
By 2013, the ROE was 6.34 which later decrease to 5.35 in 2014 and to 0.78 in 2015 but later increased to 7.08 in 2017. This means that the firm was efficient in utilizing its equity to generate income. Its value was relatively below the industry threshold of 31. The increase was attributable to increasing trend in its net income over the period.  
DIVIDEND RATIOS
Dividend Yield ratio 

 

2013

2014

2015

2016

2017

Industry

Dividends yield

0.62

0.98

1.37

3.11

2.24

2.60

Table 5: Dividend Yield
In 2013, dividend yield was 0.62 which increased to 3.11 in 2016 and later decreased to 2.24. Despite the decrease which was attributable to decrease in the amount of dividends payment, the amount was as per the industry threshold of 2.60. 
Figure 5: Dividend Yield Dividend Payout ratio 

 

2013

2014

2015

2016

2017

Industry

Dividends Payout Ratio % *

0.19

0.24

1.60

1.34

0.61

0.07

Table 6: Dividend payout
By 2013, dividend payout for the company was 019 which increased to 1.61 in 2016 but later decreased to 0.16 in 2017. The decrease is attributable to the . Despite the decrease in dividend payout, the ratio is higher than the industry threshold meaning that the company performance is per the industry requirements. 
Figure 5: dividend payoutPrice earnings ratio 

 

2013

2014

2015

2016

2017

Industry

P/E Ratio

30.61

25.71

128.33

41.36

26.20

21.90

Table 7: P/E ratio
In 2013, P/E ratio was 30.61 which decreased to 25.71 in 2014 and later increased to 128.33 in 2016. The increase was for a while since the ratio later decreased to 26.20 in 2017. Despite the decrease, the value is higher than the industry value of 21.90 meaning that the company shares are properly valued. The decrease is attributable to decrease in price of the company shares over the period.  
Earnings per share

 

2013

2014

2015

2016

2017

Industry

Earnings Per Share SGD

1.91

1.60

0.22

0.77

1.85

2.00

Table 8: EPS
By 2013, Genting Singapore EPS was 1.91 that decreased to 0.22 in 2015 but later increased to 1.85 in 2017. The increase in the company EPS was attributable to increase the company net income over the period. The ratio was below the industry value of 2 but was relatively as per this value meaning that the company is competitive in the industry.  
STABILITY AND LIQUIDITY RATIOS
Debt to Equity ratio 

 

2013

2014

2015

2016

2017

Industry

Debt/Equity

0.23

0.18

0.17

0.12

0.16

0.70

Table 9: Debt/equity ratio
In 2013, Genting Singapore debt/equity was 0.23 which is reported to have decreased to 0.12 in 2016 but later increased to 0.16. The decrease in this ratio is good since it means that the firm is dependent on equity financing rather than debt financing; hence, it is financially, stable. Besides, the ratio is below the industry value of 0.70. The decrease is attributable to decreasing trend in the company’s debts as well as increase in its equity. 
Interest coverage ratio 

 

2013

2014

2015

2016

2017

Industry

Interest Coverage

20.55

33.88

14.18

17.83

39

37.97

Table 10: Interest coverage
Genting Singapore ratio in 2013 was 20.55 which later increased to 33.88 but later decreased to 14.18 in 2015. The decrease was for a while since the ratio increased to 39 by 2017. This value is relatively above industry value of 37.97 meaning that the company is not struggling to settle its interest expenses at all. The increase in interest coverage was attributable to increased net income over the period. 
Current ratio

 

2013

2014

2015

2016

2017

Industry

Current Ratio

4.28

4.09

9.04

9.23

4.78

3.59

Table 11: Current ratio
Current ratio in 2013 was 4.28 which later decreased to 4.09 in 2014 and increased to 9.23 in 2016. This later decreased to 4.78 in 2017. The decrease was attributable to decreasing trend in the company current assets compared to increase in its current liabilities.  Despite the decrease, the value was above the industry value of 3.59 and therefore means that the company has idea current assets to be used in settling its short-term debts.
Figure 11: Current ratioQuick ratio 

 

2013

2014

2015

2016

2017

Industry

Quick Ratio

4.13

3.94

8.67

8.13

4.55

3.41

Table 12: Quick ratio
In 2013, quick ratio was 4.13 which is reported to decrease to 3.94 in 2014 but later increased to 8.67. Later the ratio decreased to 4.55 in 2017. The decrease was attributable to decrease in current assets though with a smaller margin compared to current liabilities. Despite the decrease, the value is above the industry value of 3.41 meaning that Genting Singapore Ltd is having easy time in settling its short-term debts with its most liquid assets
EFFICIENCY Ratios
Asset Turnover ratio

 

2013

2014

2015

2016

2017

Industry

Asset Turnover

0.22

0.22

0.19

0.19

0.23

0.56

Table 13: Asset turnover
In 2013, Genting Singapore ratio was 0.22 which remained constant in 2014 but decreased to 0.19 in 2015 and later increased to 0.23. The increase was attributable to increase sales value for the company. Despite the increase, the company value is below the industry value of 0.56 meaning that Genting Singapore was inefficient in turning its assets into revenue.
Inventory turnover ratio 

 

2013

2014

2015

2016

2017

Industry

Inventory Turnover

33.66

34.06

30.83

25.92

23.93

120.13

Table 14: Inventory turnover
Genting Singapore Ltd inventory turnover was 33.66 in 2013 which increased to 34.06 in 2014 but later decreased to 23.93 in 2017. The decrease is attributable to decrease in the cost of revenue incurred by the company. The value was below the industry value of 120.13 meaning that Genting Singapore is inventories are not lean at all and the entity might be in a position to correspond to increased demand. 
Debtor’s turnover ratio 

 

2013

2014

2015

2016

2017

Industry

Debtor’s Turnover

2.99

2.73

2.97

6.11

18.95

31.60

Table 15: Debtor’s turnover ratio
In 2013, the ratio was 2.99 which is reported to decrease to 2.72 in 2014 but later increased to 18.95. The increase was attributable to increased sales within the company. Besides, the ratio was below the industry ratio of 31.60 meaning that the company has been efficient in collecting money from debtors. Furthermore, the increasing trend in its ratio means that the company has been gaining efficiency on how it collects money from debtors.  
Cash Cycle

 

2013

2014

2015

2016

2017

Industry

Cash Conversion Cycle

145.59

143.17

98.47

39.19

29.20

30.00

Table 16: Cash conversion cycle
In 2013, the cash cycle was 145.59 which later decreased to as low as 29.20. The value was below the industry value of 30 meaning that the company management has not been effective enough in converting cash on hand to account payable and inventory. 
Comparative of Genting Singapore with Industry Average 
Returns on Investment

 

2013

2014

2015

2016

2017

Industry

Return on Invested

5.28

4.64

0.91

2.64

6.4

11.11

Table 17: ROI
The ROI for the company was 5.28 in 2013 which later decreased to 0.91 in 2015. This decrease was for a while since the ratio later decreased to 6.4 by 2017. The ratio is far below the industry value of 11.11 though above the set threshold meaning that despite value being below the industry value, the company is competitive enough within the industry. 
Return on Assets
The ratio measures how efficient an organization is in converting its assets into income (Kumbirai & Webb 2010).

 

2013

2014

2015

2016

2017

Industry

Return on Assets %

4.53

4.02

0.61

2.27

5.71

8.79

Table 18: ROA
Based on the table, it is evident that the company ROA decreased from 4.53 in 2013 to around 0.61 in 2015 and later increased to 5.71 by 2017. The increase which is attributable to increased volume in casino is a good sign for the company. Besides, the value is below industry value but as per the industry threshold meaning that the company has been efficient in converting its assets into income.
Return on Equity
The ratio measures efficiency of an organization in converting equity into income (Sueyoshi 2005).

 

2013

2014

2015

2016

2017

Industry

Return on Equity %

6.34

5.35

0.78

2.78

7.08

31.00

Table 19: ROE
The ratio was 6.34 in 2013 which decreased to 0.78 in 2015 but later increased to 7.08 in 2017. The increase was mostly as a result of increased income over the period. Besides, the ratio was below industry average of 31 meaning that despite the increase, the company was still doing poor on how it utilizes its equity to generate some incomes.Risk
The ratio measure the level of financial risk associated with level to which the firm utilizes debts in acquiring extra assets (Lewellen 2004).

 

2013

2014

2015

2016

2017

Industry

Risk

1.36

1.31

1.25

1.2

1.29

1.32

Table 20: RiskThe ratio was 1.36 in 2013 which decreased to 1.2 in 2016 but later increased to 1.29. By comparing the value with the industry average it means that Genting Singapore Ltd is at lesser financial risk in comparison to the industry average.
Asset Value per Share as well as Genting Singapore Ltd Market Share Price Compared to STI
Based on Figure 17 below, it is evident that Genting Singapore Ltd experienced a decreasing trend in its market share price between January 2013 and May 2016 (Stockopedia Ltd 2018). This trend then changed and an increase was reported over the period up to February this year where the price seems to be experiencing a decreasing or volatile trend (GuruFocus 2018). Besides, comparing the company market share price with Strait Times Index, it is evident that the share price for Genting Singapore Ltd was in linear with the STI though below the index. Basically, the Strait Times Index value for the last five years was relatively above Genting Singapore Ltd share price (D&B Hoovers 2018). The similarity in their curve movement over the past five years shows that Genting Singapore Ltd share price were moving in line with the Index and therefore good for existing and potential investors. 
Non-Financial Parameters for Genting Singapore plc 
There are two casinos across Singapore, but Getting Singapore’s rivals include each single casino and the integrated resort. Besides, given that the firm target tourists, the level of completion is relatively strong especially in the gaming industry. Genting Singapore brand is also widely known as it is the leading gaming firm in the country. This has boosted its reputations in the market; hence, the probability of generating better finances. According to Genting Singapore plc (2017), Genting Singapore value for its clients has enhanced high level of customer retention over the period. Besides, the company values its personnel for their loyalty and commitment by rewarding them for their long services, which has in turn result in increased or improved performance. Additionally, the company continues to engage closely with the government, providing regular updates vial statutory reporting. Besides, the company maintains regular and open regulations with its investors; hence, motivating these investors to invest more money in their shares.
Section B
Genting Singapore Ltd Corporate Governance Compliance 
Corporate Governance is usually the policy of an organization in managing affairs of a specific group in line with appropriate standards for proper corporate governance. In this case, Genting Singapore plc has adopted several corporate governance policies (Genting Singapore plc 2016). To assist its board in discharging their duties, Genting Singapore management supplies it board with timely, adequate and complete information. Notice of the meeting, setting agenda together with relevant support providing explanatory information and background like information required, expected benefits, financial effect, mitigation measures, risk analysis, recommendation and conclusion are set to the board on time to enable them in perusing and obtaining extra information on matters that needs to be deliberated (Genting Singapore plc 2017). The company board offers understandable and balanced evaluation of the company performance, prospects and position through its financial statement, annual review and quarterly analyst briefings.
Impact of Proposed Policies on Company’s Brand and Reputation 
The proposed corporate governance policies are expected to influence the company brand and reputation positively. To become dominant in the hospitality and entertainment industry, expert proposes adopting of some new financial accounting technologies.
Review of corporate governance 
Directors and their role
Genting Singapore Directors comprises of Tan Sri Lim, Lim Kok Hoong, Koh Seow Chuan, Tan Hee Teck and Tjong Yik Min. The directors play a significant role in the company. First, the directors are responsible for ensuring proper conduct of an organization’s operations entailing overseeing its affairs and performance, guiding and setting strategic objectives and direction as well as offering entrepreneurial leadership (Genting Singapore plc 2017).  This have a significant part in the company; hence, the impact the company performance either negatively or positively.
Non-Executive Directors and Their Role 
The non-executive directors include Lim Kok Hoong, Koh Seow Chuan and Tan Sri Lim (Genting Singapore plc 2016). These persons play a crucial role since they examine and determine independence of every board member as well as the directors. Additionally, they are responsible in leading the firm to ensure smooth flow of operations.Genting Singapore vision as well as its strategic financial goals
Based on the non-financial and financial parameters analysis, Genting Singapore vision should be to be the leading multinational firms in the gaming and entertainment services. On the other hand, its strategic financial objectives would be to be the leading company in the industry and to achieve relatively high profit by end of this year.
Conclusion
In conclusion, Genting Singapore Plc is usually engaged in development as well as operations of casinos, integrated resort, provision of marketing and sales support services to hospitality and leisure related investment and businesses. The company operates through hospitality and leisure operations segment in Singapore. Through horizontal and vertical analysis, it can be stated that the company revenue experienced a significant increase in the year 2014. Further, it is evident that the company is profitable or financially health based on the fact that it net profit, operating and gross profit increased in 2017 attributable to higher business volume for the company from its casino business. Moreover, based on the profitability, efficiency, dividends, long-term solvency and liquidity analysis it is evident that the company has been quite profitable over the period. With increasing efficiency ratios, it can be stated that Genting Singapore plc management has been efficient over the period. Besides, through solvency and liquidity ratios it can be stated that the company is stable and is exposed to minimal financial risk. 
REFERENCES
D&B Hoovers (2018), Genting Singapore plc: Viewed from: https://www.hoovers.com/company-information/cs/company-profile.genting_singapore_plc.fe4b305e856dd484.html (Accessed 21st September 2018)
DJ Kang (2017), Singapore hotel industry declining amidst growth in tourism, thanks to sharing economy: Viewed from: https://e27.co/singapore-hotel-industry-declining-amidst-growth-tourism-thanks-sharing-economy-20171114/ (Accessed 21st September 2018)
Genting Singapore plc (2017), Genting Singapore plc annual report: Viewed from: https://www.gentingsingapore.com/#!/en/investors/annual-reports (Accessed 21st September 2018)
Genting Singapore plc (2017), Genting Singapore plc sustainability report 2017; Viewed from: https://www.gentingsingapore.com/upload/pdfs/blockitem/1493/2018_03_25_13_48_05_1234303.pdf (Accessed 21st September 2018)
GuruFocus (2018), Genting Singapore Ltd stock: Viewed from: https://www.gurufocus.com/stock/GIGNY (Accessed 21st September 2018)
Kumbirai, M & Webb, R (2010), ‘A financial ratio analysis of commercial bank performance in South Africa,’ African Review of Economics and Finance, 2(1), 30-53.
Lewellen, J (2004), ‘Predicting returns with financial ratios,’ Journal of Financial Economics, 74(2), 209-235.
Reuters.com (2018), Genting Singapore Ltd financial highlights: Viewed from: https://www.reuters.com/finance/stocks/financial-highlights/GENS.SI (Accessed 21st September 2018)
Reuters.com (2018), Genting Singapore Ltd overview: Viewed from: https://www.reuters.com/finance/stocks/overview/GENS.SI (Accessed 21st September 2018)
Singapore Tourism Board (2017), Singapore tourism sector performance breaks record for the second year running in 2017: Viewed from: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=744 (Accessed 21st September 2018)
Stockopedia Ltd (2018), Genting Singapore Ltd share price: Viewed from: https://www.stockopedia.com/share-prices/genting-singapore-SGX:G13/chart/ (Accessed 21st September 2018)
Study.com (2018), Hospitality Industry in Singapore: Viewed from: https://study.com/academy/lesson/hospitality-industry-in-singapore.html (Accessed 21st September 2018)
Sueyoshi, T (2005), ‘Financial ratio analysis of the electric power industry,’ Asia-Pacific Journal of Operational Research, 22(03), 349-376.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 14 pages

PAY 9 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2020). Financial Decision Making. Retrieved from https://myassignmenthelp.com/free-samples/finm036-financial-decision-making/potential-investors.html.

“Financial Decision Making.” My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/finm036-financial-decision-making/potential-investors.html.

My Assignment Help (2020) Financial Decision Making [Online]. Available from: https://myassignmenthelp.com/free-samples/finm036-financial-decision-making/potential-investors.html[Accessed 18 December 2021].

My Assignment Help. ‘Financial Decision Making’ (My Assignment Help, 2020) accessed 18 December 2021.

My Assignment Help. Financial Decision Making [Internet]. My Assignment Help. 2020 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/finm036-financial-decision-making/potential-investors.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

The thesis statement of your academic task conveys the main idea or argument. As a student, you may not have enough clarity on how to make a thesis statement. That’s why it’s better to ask our writers to guide you. Writing a thesis statement won’t seem too tough when you have the support of our writers. Our website also consists of insightful thesis statement examples or samples written by efficient writers. With the guidance of our writers, you will never have any confusion over how to write thesis statement.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »