New Zealand Bank

Financial industry is one of the highest performing and third largest sector in the Australian economy. It has achieved an annual growth rate of 4. 8% for a sustained period of time, between 1987 and 2007. This growth rate is well above the combined average for all industries (3. 5 per cent) and reflects the strength of the banking, insurance and finance sector Intrinsic value per share is calculated based on Free Cash Flow value with calculated growth based on ROE and b. The Intrinsic Value calculated was AUD$69. 46. Growth rate is calculated to be at 6%pa based on the payout ratio and retention ratio.

Using CAMM model, ke was calculated to be 14. 16%. Due to ANZ’s recent acquisition of Royal Bank of Scotland and it being in its maturity stage, we estimate the growth rate of the company to be gradually increasing from the current 6% to 20% in the next 5 years. SingTel Singapore is a centre for transportation and communication in Southeast Asia. Telecommunications and internet facilities excellent and well connected with the rest of the world. Singapore is rolling out a nationwide broadband network that assures high-speed internet connections at competitive prices.

60% of the country is slated to be covered by the end of 2010 Intrinsic value per share is calculated based on Free Cash Flow value with calculated growth based on ROE and b. The Intrinsic Value calculated was S$11. 03. Growth rate is calculated to be at 6%pa based on the payout ratio and retention ratio. Using CAMM model, ke was calculated to be 7. 58%. We estimate the growth rate of the company to be gradually increasing from the current 6% to 20% in the next 5 years. Australia Overall Economy Australia is a developed country which has recorded 17 consecutive years of economy growth, with an average of 3.3 percent growth since 1992.

Looking into the Australia Gross Domestic Product (GDP) Annual Growth Rate for the past 5 years, Australia has been experiencing positive growth in an uprising trend with occasional blips. The severe global economic crisis in 2009 serves as an exception with Australia experiencing slow but positive growth. The gradual demise of the economic crisis has seen Australia emerged as one of the worlds’ strongest recovering economy as seen by the hiking growth starting from January 2010. Australia’s economy is made up of mainly three sectors, agriculture, industrial and service.

Agriculture makes up 4. 1%, industrial 26% and service industry making up the bulk of it, 70%. The service sector includes banking, insurance and finance; the media and entertainment industries; consulting, tourism and retail; services provided by government, such as education, health and welfare; and other personal and business services. This is the one of the highest performing and third largest sector in the Australian economy. It has achieved an annual growth rate of 4. 8% for a sustained period of time, between 1987 and 2007.

This growth rate is well above the combined average for all industries (3.5 per cent) and reflects the strength of the banking, insurance and finance sector. There is a strong tradition of media and entertainment in Australia, well served by diverse channels such as televisions and journalism. This sector is governed strictly through cross-media ownership laws and is overseen by the Australian Communications and Media Authority. Overall, the television industry spent $1. 16 billion on programming in 2005-06, with $813 million going to local content. It generated advertising revenue of $3. 5 billion in the same period. The contribution of the sector to the economy is substantial.