Financial Management Of Techtronic Industries Hong Kong Essay
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Financial Management of Techtronic Industries Hong Kong
Techtronic industries is a manufacturing company with its’ headquarters in Hong Kong, the company was founded in 1985.The company has developed its brand and position itself in china, as well as globally to be the leading manufacturing and research competences in Asia and also North America, as well as a customer examining network in North America, Europe and Australasia. It employs almost over 16,000 people worldwide.
It is a global leading company in the design, manufacturing and also sale of home upgrading products, with sales in the year 2002 of US$1.2 B. Its major areas of business are power tools, solar powered lighting, electronic measuring tools and floor care appliances. The company manufactures and trade electrical and electronic appliance. This company has attained an average income growth of 33% yearly over the past 5 years. The company operate in two segments floor care and appliances and also power equipment.
It has been enumerated on The Stock Exchange of Hong Kong since 1990, where it first issued its first IPO initial public offer to the general public. It is also listed in other bourse and boast a record Level 1 American Depositary Receipt (ADR) programed through the Bank of New York.
The current valuation for the company is based on the DCF valuation model which assumes, valuation based a market risk-free rate of