Crash Reflection - 1040 Words

Racism Reflection The movie I chose for this assignment was the Hollywood film Crash. I really enjoyed watching this movie even though I have watched it previously before. Crash is the type of movie where you need to watch it more than once to understand the real meaning it is trying to portray about racism. There are many acts of racism that is being shown in this movie in different ways through the many characters revealed. In this movie I found there to be a lot of themes that took place, however the top three I felt was most important were stereotypes, oppression, and prejudice. Stereotype is defined as the popular belief about a specific type of individual. In the movie there was a scene with the locksmith was fixing Jean’s locks†¦show more content†¦When I look back on it now I can see that although I never exactly went through any racist situations face to face, my whole like in fact was being judged based on my class. I did not realize this until after I watch ed the movie crash and we had the discussion of racism in our tutorial class. In a way it is really sad to have to think about how everyone probably only accepted me at first because they knew I was like them. I think the most hurtful and eye opening scene for me was near the end of the movie when the young officer Tom Hansen was giving the black man a drive up the street when all of a sudden he thought he was reaching into his pocket to shoot him and he shot him first. This scene made me cry a lot and I felt very disturbed after watching it. I think I felt this way mostly because throughout the whole movie they perceived this officer as one of the good people until this very last scene where he kills an innocent man. At this point of the movie, this is where I lost hope because he was one of the only people who had good morals and was doing his best to be a good person and then all of a sudden it changes. Reality hits you and everyone changes to someone else. I would not recommend this movie to a grade 8 class because I know that after they watch this movie they will not get the true meaning behind what it is trying to show people. I myself did not understand the movie the firstShow MoreRelatedCrash Reflection Paper977 Words   |  4 PagesCrash Reflection Paper In the movie Crash, they show a lot of different values, myths, rituals, networks, and symbols used by people in the movie. They also show many bias and prejudices other wise known as stereotypes that many people in the world use today. Trust was one of the biggest values I saw throughout in the movie, for example after the two young men drew handguns and carjacked the Cabots vehicle, they returned home and the wife Jean was still upset, and even though a locksmith wasRead More Discuss the poems Death of a Naturalist and Personal Helicon by1249 Words   |  5 Pagescuriosity for things this being wells. He would like to gaze long and mystically into the pale whiteness of his own reflection. He also liked getting dirty. The first verse appeals to sight and smell and is portrayed through the smells of dank moss and the dark drop and trapped sky. The second to sound and sight and is portrayed using language like rich crash and saw no reflection. The third appeals to touch and sight and is portrayed using soft mulch and a white giving the impressionRead MoreThe Intentional Tort Case Analysis1617 Words   |  7 Pagessolo-vehicle collision in South California. At the time of the crash they were travelling in a 2005 Porsche Carrera GT when the car swerved off of the road and came in contact with a power pole and several trees before fire engulfed the car. Both Walker and Rodas perished due to injuries received in the crash.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The plaintiff’s cause of action in this case would be the failure of Porsche to properly supply the 2005 Carrera GT with proper crash preventative measures and passenger safety features toRead MoreAnalysis Of Babylon Revisited By F. Scott Fitzgerald1240 Words   |  5 PagesRevisited. While F. Scott Fitzgerald writes Charlie Wales as a representation of 1920s culture, the style in which Babylon Revisited is written encapsulates the feeling of the Great Depression era in which the story was published. The stock market crash in 1929 and the resulting Great Depression changed the United States leading to more traditionalist values such as hard-work and fiscally conservative spending. This time period was a direct contradiction to the one previous where money was spent frivolouslyRead MoreThe Rise Of The Great Depression1217 Words   |  5 Pagesfor roughly a decade from late 1929 thru approximately 1939. Many have accredited the infamous stock mark et crash of October 24, 1929, as being the singular cause of the Great Depression, which was not entirely true. While the stock market crash was highly related to the great loss of paper wealth, and the devastation of American optimism, it alone was not the cause. Following the crash Americans of all wealth classes simply stopped spending, the tightening of these purse strings crippled the economyRead MoreThe Inescapable Past of â€Å"Babylon Revisited† by F. Scott Fitzgerald1713 Words   |  7 PagesCharlie storms home, and an hour later when Helen has stumbled herself home, Charlie locks her out of their apartment and she dies soon after. Charlie has a breakdown and is institutionalized right before he looses all his money in the stock market crash of 1929. As the story opens three years later Charlie is back in Paris, sober, determined to get custody over his daughter, Honoria, who lives with Helens sister, Marion. The story is narrated in a third person point of view. The reader sees thingsRead MoreThe Great Depression Of The 1930s Essay1689 Words   |  7 PagesDepression and Global Crisis were both major economic crisis’s the originated in the United States and spread to foreign markets around the world. The Great Depression is regarded as the biggest economic downturn, due to many factors like the stock market crash. The Global Crisis on the other hand, was a more recent recession caused by sub-prime mortgages and mortgage backed securities, that didn’t have as much of a lasting effect as it did on having a spreading effect on other economies. It is importantRead MorePoverty Of The Great Depression2381 Words   |  10 Pagesthe stock market crash of October 1929 because Americans gambled on the stock market with money they didn’t really have and when the prices of stocks started to drop panicked investors tried to bail out. Investors dumped shares. A record 12.9 mil lion shares was traded on October 24, 1929, â€Å"Black Thursday†, then five days later on October 29, 1929, â€Å"Black Tuesday†, 16 million shares were traded on the New York Stock Exchange causing the stock market plunge. The stock market crash caused a total lossRead MoreSimilarities Between 30s And 70s1988 Words   |  8 Pagessimilarities here can be easily outlined. Over the course of the 20s, the Dow Jones Industrial Average rose 429 percent from the beginning of the decade to unprecedented heights at 381 points in 1929 before the historic crash. It goes without saying that the stock market is a reflection of the success of the businesses represented. The key players during the decade, included the major automotive companies GM and RCA, experiencing colossal returns as the new industry flourished. A growth of similarRead MoreHome As A Place Of Reflection975 Words   |  4 PagesLeaving Home,† Pastan depicts home as a place of reflection. The whole poem is based on a mother’s reflection of a time when her daughter had left home. However, the home that the mother describes is not a psychical place, but a feeling. The home is the relationship between the mother and her daughter. Pastan’s, â€Å"To a Daughter Leaving Home,† relies on a single speaker, word choice, flashbacks, and sentence structure to depict the mothe r’s sorrowful reflection, in order to create a home that is defined

The Three Methods Of Research - 1201 Words

My journal this week focuses on the three methods of research to include qualitative, quantitative and mixed, (Creswell, 2014). Qualitative research provides the life story through narration, so we are able to identify and understand the human and social situation, (Creswell, 2014). Quantitative research focuses on the statistics, to include analyzing experimental data or survey outcomes, (Creswell, 2014). This method establishes the numeric aspects of research. According to the author, Creswell, (2014), Quantitative was the predominant method of research conducted in the 19th and 20th century. The mixed method incorporates both the quantitative and qualitative approaches to research, (Creswell, 2014). This method provides the story along with the statistical data to formulate a more complete method of research. The framework for research established by the author, Creswell, (2014), consists of design, research methods, philosophical worldviews and research approaches. The w orldviews noted in the author’s framework encompasses post positivist, constructivist, transformative and pragmatic, (Creswell, 2014). Each worldview has a different focus regarding philosophy of research methods. The post positivist follows a more traditional approach, with emphasis on quantitative research methods that are based on scientific backing, (Creswell, 2014). Constructivist tells the story; therefore, emphasis is placed on qualitative approach to research, (Creswell, 2014).Show MoreRelatedThree Psychological Research Methods Essay1435 Words   |  6 PagesMethods used in psychological research are used to obtain quantitative or qualitative data. Quantitative data is more often than not derived from methods such as experiments and statistics analysing data using surveys, questionnaires and interviews. Qualitative data tends not to be aimed at finding exact measurements in its findings, but is more concerned with evidence collection and analysis through practices such as observation and ethnography (using observations through involvement in activitiesRead MoreThree Descriptive Research Methods Essay540 Words   |  3 PagesOne of of three methods used for descriptive research is the case study. The case study method is the oldest form of research used in psychology today. To help you better understand what case studies are I would recommend you think of an individual person case. Case study is when someone studies one person to explain things that happen for all of us. Basically applying the outcome to all people ; one representing all. Case studies will describe your behavior. In present day we have noticed that althoughRead MoreExplain The Procedures Of Three Sociological Research Methods And Evaluate Their Strengths And Weaknesses1151 Words   |  5 PagesExplain the procedures of three sociological research methods and evaluate their strengths and weaknesses. Sociology is the study of how humans experience life. Through studying behaviour, development, cultures and how people function as a society sociologist strive to explain social problems. This is achieved through research methods. Research methods can take many different approaches and rarely is one method used to gain insight and understanding, a mixture of different concepts can be usedRead MoreExplain The Procedures Of Three Sociological Research Methods And Evaluate Their Strengths And Weaknesses Essay961 Words   |  4 PagesExplain the procedures of three sociological research methods and evaluate their strengths and weaknesses. Sociology is the study of how humans experience life. Through studying behaviour, development, cultures and how people function as a society sociologist strive to explain social problems. This is achieved through research methods. Research methods can take many different approaches and rarely is one method used to gain insight and understanding, a mixture of different concepts can be usedRead MoreExamine and Assess the Advantages of Three Different Methods Used in Psychological Research1710 Words   |  7 Pagesand assess the advantages of three different methods used in psychological research Psychological research has many advantages within society, helping us to better understand many different aspects of the world around us; this essay will be looking at three different research methods to ascertain the advantages of using methods within psychology. First of all we will identify which methods we are going to examine then we will assess the advantages of using these methods through the eyes of the relevantRead MoreA Research Study On Social And Academic Lives984 Words   |  4 PagesResearch is a part of life; it doesn’t matter what you do or where you are you take part in investigating in all the areas of life. There are different designs to research a certain topic. The three designs are qualitative, quantitative and mixed methods research. I will be discussing the three different research designs and how they are used to gather data for a certain study. Qualitative research is used when trying to investigate an issue or concern by using interviews, studying the setting ofRead MoreSummary Of A Framework For Design By Creswell1536 Words   |  7 PagesCreswell We now have many choices for research approaches. Author recommends that a general framework be adopted to provide guidance for all stages of research. Using still existing framework also allows researchers formulate ideas recognized by audiences who support proposals for research. This chapter introduces the reader to the three approaches to research quantitative, qualitative, and mixed methods approaches. To understand them Creswell considers three framework elements: The type of assumptionsRead MoreTechnology Technologies On Learning869 Words   |  4 Pagesthe impact of online resource, teaching methods, study strategies, self-regulatory strategies and the use of ICT. Then they draw a conclusion that gender is a significant influence factor for motivation to use technologies in learning, and that online learning sometimes even has a better performance than face to face instruction because of active learning. This article uses mix research method that they first present a study o n how ICT impacts learning method and conducts a survey to verify it. TheRead MoreMethodological Issues in Educational Research: A Review of Two Articles669 Words   |  3 PagesMethodological Issues in Educational Research: A Review of Two Articles Article One: Qualitative Research on Educational Technology: Philosophies, Methods and Challenges Summary The author of this article claims that empirical research in education is hindered by the fact that researchers cannot produce generalizations fast enough to adapt the instructional treatments to the myriad of variables inherent in any given context of instruction (p. 2-3). Philosophical assumptions with regard toRead MoreQualitative And Quantitative Research Methods936 Words   |  4 PagesQualitative and quantitative research methods are two alternative applications for research methods. Both are very different in how data is collected, what data is collected, and how data is measured. Both of these research methods are utilized amongst the major areas of psychology and the social sciences. This paper will provide a brief description of qualitative and quantitative methods, provide the differences between the two approaches along with the terminology used for both; I will also

Osim International Free Essays

Contents 1. Introduction to Osim International4 2. Competitive Strategy4 3. We will write a custom essay sample on Osim International or any similar topic only for you Order Now Company value chain4 3. 1Innovation5 3. 2Operations Management5 4. Non-financial analysis5 4. 1Corporate Social Responsibility5 4. 2Consumer Sentiments6 4. 3Corporate Culture6 4. 4Customer Retention and Growth6 5. Global outlook7 6. Industry outlook of healthy lifestyle products7 7. Comparison between Osim and its competitors8 8. Osim Financials8 8. 1Company’s Financial Ratios8 8. 2Market Prospects9 8. 2. 1Osim on its own9 8. 2. 2Osim vs. Selected peers (VGO, Best World, Ogawa, Jacks)9 8. 2. 3Osim vs. STI10 8. 3Projected Performance10 9. Conclusion11 Appendix A12 Appendix B16 Appendix C19 Appendix D24 Appendix E25 Appendix F26 ? 1. Introduction to Osim International Osim International Ltd. (Osim) is a Singapore listed company; a global leader in the healthy lifestyle products industry. It has been led since its inception by CEO Ron Sim, the company’s value driver, instrumental in bringing Osim to where it is today, greatly influencing its vision, mission and values with his personal touch. The company has expanded to more than 1,100 stores in more than 30 countries worldwide. Within the next 3 to 5 years, they plan to open over 50 outlets and further expand their subsidiaries, GNC and RichLife. . Competitive Strategy In view of the current economic situation, Osim seeks to cautiously and optimistically ‘focus on building profitability, positive EBITDA and operating cash flow’ . Even though they have exceeded sales expectations so far this year, this may be challenging given that they operate in a niche market easily affect ed by consumer sentiment and other global events. Osim feels a strong balance sheet is integral to meeting this aim, achievable through enhanced operational efficiency and outlets being leaner and more effective in sales. With Brand Osim, they desire an image that is one with (the) healthy lifestyle’ . This demonstrates their aspiration to not only be the market leader, but to also be the brand with the best recall and association. Furthermore, Osim adopts a two-pronged approach of innovation and growth; creating demand through innovation and development to support the anticipated US market recovery and the Chinese markets’ expansion. There is also focus on their most important resource, employees; training and empowering talents with emphasis on corporate culture alignment. 3. Company value chain Osim’s value chain involves two main processes: Innovation and Operations Management. . 1Innovation Research and development (RD) is a process given much emphasis as Osim strives to release new and relevant products to create demand and to keep a technological edge above its competition, resulting in products such as the iDesire and iMedic amongst others. This has won consumers and its efforts were rewarded in 2008, voted as Asia’s most preferred brand for massage cha irs . This is also inculcated in their brand image with their desire to include ‘intelligent innovation’ . 3. 2Operations Management Operations management includes Osim’s manufacturing and retail arms. Upon subjecting raw material to their respective manufacturing processes, Osim creates a product that it believes will add value for consumers and entice them to pay a premium to obtain their desired quality of life. Its retail arm works with an aggressive marketing department to promote their products. Whilst costs are high, the perceived product value added is proportionately high. 4. Non-financial analysis 4. 1Corporate Social Responsibility Osim aims to encourage a positive attitude towards healthy lifestyles. Osim Triathlons in various Asian countries , and the Osim Singapore Masters are some sporting events it has sponsored. While Osim promotes itself as a lifestyle brand, for example, through the promotion of the uSqueez leg massager which appeals to triathletes, they have also donated to the Children’s Cancer Foundation and supported an endowment fund with the NUS Business School . Osim has also demonstrated accountability to society by recalling its products twice . The urgency to recall defective products has shown Osim’s commitment to civic responsibility. However, the recall affected Osim’s reputation as customers were put through the hassle of claiming damages. Despite this, Osim’s branding remains strong and is still one of the world’s most reliable providers in its industry. Accountability to investors was also demonstrated when they came in runners-up in the ‘Most Transparent Company Award (Commerce)’ in SIAS Investors’ Choice Award. 4. 2Consumer Sentiments In a 2008 survey by Synovate , Osim attained the ‘No. 1 Healthy Lifestyle Products Brand’ in consumers’ minds across Asia. The findings show Osim’s strong Asian customer base and affirms its effective branding as a leading provider of innovative products with design and quality, performance, and safety standards. Furthermore, massage chair sales in China has maintained good growth with easy-to-buy payment schemes. 4. 3Corporate Culture A strong corporate culture inculcating positive thinking has been used as a tool to survive market movements. This tool is behind the entrance of new innovations and the extension of Osim’s reach into the global market. Besides this, substantial shareholdings by key management ensures management goals are correctly aligned with that of shareholders’ . 4. 4Customer Retention and Growth In 2005, Osim was rated by Nielsen Consumers as the number one brand in seven attributes . Osim is also a member of Superbrands . To date, higher end products are made in Japan, a country recognized for its quality and precision . Mid-tier to lower end products are manufactured in China to reduce costs. Although manufactured in China, Osim ensures reliability and quality of these products. The market share gained from the provision of quality products has been shown in the same Synovate survey as mentioned above. Osim has also invested heavily in marketing, often publishing its advertisements in various media to increase its brand presence. These include centrespreads in major newspapers as well as television commercials, reigning in celebrities such as S. H. E and Fiona Xie. This fortifies their brand’s credibility, with the aim of converting new customers and retaining current ones. In a way, they have already created a strong and secure customer base and exclusive attention can be placed on gaining additional market share within the region and globally. 5. Global outlook Since the global recession, the market has rebounded with the STI currently trading around 2,600 points, a level last seen a year ago . We are currently believed to be in the accumulation phase , with economic growth expected in the coming years. Global markets have stabilized while key export markets such as the US and Europe remain fairly weak . A rapid recovery is in line for Asian economies, but continued soft private demand means that fiscal and monetary measures must be sustained to ensure continued growth. 6. Industry outlook of healthy lifestyle products Osim’s business efforts are concentrated on an increasingly affluent Asia , especially in countries like Singapore and China, where there is greater focus on lifestyle and well-being. Health is a greater concern as busier schedules reduce exercise time. As Asia’s aging population finds new ways to improve their living standards, more may turn to increasingly relevant healthcare products. However, the lifestyle industry is most vulnerable to fluctuations in business cycles. With the downturn, spending is either decreased or cheaper alternatives are sought. 7. Comparison between Osim and its competitors Osim’s main competitors in the health-food industry provide competition to its subsidiary, Global Active Limited. Its main recognized competitors in the massage products markets include OGAWA, OTO Bodycare and Panasonic. Osim thus relies heavily on innovation, aggressive marketing and quality to distinguish its products from its competitors, leveraging on the fact that consumer preferences are easily influenced. Another form of competition comes in the form of imitations and inexpensive Chinese products that respectively devalue Osim’s brand and provide viable substitutes. This forces Osim to differentiate itself as a premium product and introduce a secondary brand, NOVO, to woo consumers with its affordability. With the expected future growth in the healthy lifestyle products industry and Osim’s stronghold on its base consumer markets, we expect Osim to continue outperforming its competitors, especially in its core business function. 8. Osim Financials 8. 1Company’s Financial Ratios Osim’s profitability ratios have been weakening over the last 5 years, with sharp declines from 2006 onwards. Profit margins dropped from the healthy region of 9% to 0. 6% in 2007 and finally into the negative in 2008. Other returns ratios like ROA and ROE have also dropped significantly from 2005 onwards. Osim’s sales fell from a high of S$623million in 2006 to S$457million in 2008. The low profitability ratios suggest that the company is not effectively utilizing its assets and shareholder investments to generate sales and profit, which is a cause for concern for potential investors. Its dwindling sales and profitability can be attributed to fierce competition from imitations, as mentioned above. Also, Osim spent S$149million to acquire 55% of Brookstone Inc. in 2005, which did not work out well, as Brookstone’s losses dragged down Osim’s profitability from 2006 onwards. Osim’s liquidity ratios, despite the poor financial performances in the past few years, have remained relatively stable. Current ratio has stayed consistently above 1, bar 2007, which implies that the Group is able to meet its short term liabilities with its short term assets. Interest coverage has been falling sharply, primarily due to the fall in operating profits. In order to continue its repayment of interest charges, profits have to improve. 8. 2Market Prospects 8. 2. 1Osim on its own Generally, share prices have been on a strong downward trend since 2006, with MACD crossing below zero for most of the period. Osim’s share price plunged 98% from a high of S$2. 06 in 2006 to a low of S$0. 05 in the start of 2009 before showing signs of recovery, rising from below S$0. 10 to the recent stability of around S$0. 45, an increase of more than 400% during the period from March to September 2009. The recent bullish trend has also been reflected in the strong divergence of the MACD over zero. 8. 2. 2Osim vs. Selected peers (VGO, Best World, Ogawa, Jacks) During the last 5 years, Osim fared poorly compared to its industry peers. It was the worst performing stock out of the 5 selected companies over the period from 1Q07 to 1Q09. However, focusing our attention on more recent developments, Osim’s share price has been outdoing that of its competitors significantly, due to its strong recovery since 1Q09. Osim’s stock has risen at a higher rate, and been the best performing in terms of absolute value. Another interesting factor is the recent significant increase in insider trading, with senior management aggressively purchasing the company stock and subscribing to excess shares through the company’s rights issue . Together with the hints of recovery from recent financial figures, the purchase of shares by Osim’s management and confidence shown in the company might just be the confirmatory signal of their turnaround in fortunes. 8. 2. 3Osim vs. STI On a 5-year basis, comparing the performance of Osim’s share price against the STI, we observe that generally, it has been underperforming relative to the STI. The period between mid-2005 and early 2007, which coincided with Osim’s best financial performance, saw the company outperforming the market. Since 1Q07, it has been underperforming by a large margin until the recent superior performance relative to the STI starting from April 2009. 8. 3Projected Performance Judging from the 9 month 2009 figures, sales appear to continue sluggishly and we estimate the total sales for 2009 to be inferior to that of 2008. However, EBITDA has increased by 16% as compared to the same period last year. Having fully written down the investment in Brookstone, future losses need not be accounted for, and Osim’s profit before tax is expected to improve to around S$33million for 2009, a marked improvement from 2007 and 2008. Projected profitability ratios also suggest signs of recovery with ROA and ROE estimated to be around 9. 02% and 21. 36% respectively. Liquidity ratios for the Group remain healthy as well, as at 30 Sept 2009. Post restructuring, Osim has emerged leaner, significantly cutting down expenses over the past 2 years. Hence, if sales pick up in the future, we should see a return of the high profit margins realized in the past. Osim’s current Net Asset Value (NAV) per share is S$0. 14. Compared against the average share price of around S$0. 45 over the past 2 months, the Price-to-book ratio is about 3. times, implying that the stock may be overvalued. However, the general price-to-book ratio for an average company is 7 times , showing that Osim’s share price may still rise in the future. 9. Conclusion With Ron Sim at the helm and the alignment of the senior management with company objectives, Osim stands poised to achieve its goals in the short term with its aggressive marketi ng and focus on a strong balance sheet during this time of economic uncertainty. They have earned the trust of consumers through the provision of quality products and good corporate governance. While they have effectively lowered costs, revenue remains sluggish. They plan to improve this through expansion in emerging markets as well as to take advantage of Brookstone’s strategic positioning in American markets. Whilst having derived ways to compete effectively, and with the industry expected to grow, private consumption will still be depressed amidst this period of economic recovery due to a lag effect. Defining a medium to long term as between two to five years, we thus projected that Osim, on its own will continue to be profitable as a going concern. While we recognise that outside the industry, there are many superior alternatives that have the potential to generate far better returns, which is beyond the scope of this report, we recommend that with regards to an investment solely in Osim or in the Healthy Lifestyle Products industry, Osim is clearly the worthwhile choice to invest in. Appendix A Profitability Ratios 20082007200620052004 Profit Margin (%)-21. 780. 65. 429. 299. 2 ROA (%)-46. 580. 868. 0510. 214. 6 ROE (%)-141. 921. 9619. 8728. 9726. 16 Cash Flow/Operating Revenue (%)-17. 984. 957. 8911. 812. 6 Profit Margin (%)-21. 780. 65. 429. 299. Profitability ratios measure the return earned on a company’s capital and the financial cushion relative to each dollar of sales. Osim’s low profitability ratios in recent years are a cause for concern. However, much can be attributed to the economic crisis and the write-off of Brookstone in 2008. Liquidity Ratios 20082007200620052004 Current Ratio1. 090. 951. 021. 111 . 87 Quick Ratio0. 480. 450. 450. 671. 38 Interest Coverage-19. 052. 067. 751750. 95 Current Ratio1. 090. 951. 021. 111. 87 Generally, despite the poor performance posted in 2007 and 2008, Osim’s Liquidity Ratios remained relatively stable. This implies that there are no issues regarding the solvency of the company and resources are available to meet its obligations. 20082007200620052004 P/E Ratio (%)n. a. 103. 6422. 415. 2912. 48 Dividend Payout Ratio (%)0219. 4332. 2315. 3415. 39 P/E ratio is an indicator of perceived value of a stock. Osim’s unusually high P/E ratio in 2007 is due to the low EPS resulting from the poor performance posted in that year. Osim has been consistently paying out dividends until 2008. Hence, should performance improves in future, investors should expect to receive dividend payouts. Appendix B Projected Performance -Month Key FinancialsEstimated Figures for 2009 Sales335. 9450 EBITDA33. 845 Profit before Tax24. 533 Net profit16. 121 Full year figures for 2009 determined based on pro-rating 9-month figures to get conservative estimates. (in $millions)9mth 20099mth 2008% change2009 Estimated20082007200620052004 Sales335. 9346. 2-2. 98%450456. 7523. 7622. 9502. 5332. 2 EBITDA33. 829. 116% 453935. 476. 754. 545. 4 Profit before Tax24. 5-19. 5225. 64%33-92. 25. 443. 651. 435. 3 Net profit16. 1-26161. 92%21-99. 53. 735. 845. 630. 8 (in $millions)9mth 20099mth 2008% change2009 Estimated20082007200620052004 Sales335. 9346. 2-2. 98%450456. 7523. 7622. 502. 5332. 2 EBITDA33. 829. 116%453935. 476. 754. 545. 4 Estimated Financial Ratios for 2009 (With Balance Sheet as at 30 Sept 2009) Profit Margin (%)4. 67 ROA (%)9. 02 ROE (%)21. 36 Current Ratio at B/S date1. 16 2009 figures suggest Osim is on the road to recovery. Projected Profit before Tax show improvement compared to 2008 and 2007, though not to the extent of 2006’s high. Compared to 1st half of 2008, 2009 has shown improvement in EBITDA even though sales continue to be weak. .Charts with Projected 2009 Ratios Appendix C Osim Stock Charts 5-Year 1-Year Comparison against STI 5-Year 1-Year Comparison Competitors 5-Year 1-Year -Year Absolute 1-Year Absolute Appendix D Insider Trades Announcement DateBuyerNumber of Shares (‘000) 23/2/09Ron Sim2002 13/3/093466 17/3/09953 27/3/0996150 31/3/09200 1/4/09200 6/4/092700 9/4/096500 Subtotal112171 23/2/09Peter Lee320 13/3/09950 31/3/09550 9/10/09270 Subtotal2090 23/2/09Richard Leow300 23/2/09Ong Kian Min1618 24/2/091000 2/4/09752 23/2/09Michael Kan300 2/4/09218 23/2/09Charlie Teo300 27/3/09365 6/4/09100 2/4/09Khor Peng Soon16 Subtotal4969 Total119230 Appendix E ? Appendix F Japan’s quality in manufacturing was taken from Fundamentals of Composites Manufacturing: Materials, Methods, and Applications by A. Brent Strong How to cite Osim International, Papers