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S a
(LtKe)

DKe)

as2orstan euthHt Un duwdend


0D D.CLEg 2

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2
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tKe
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nAbecompany XY2 EPS uau 50/Shoe
don d palyeul vaho u o guld Katy R e 20,
altulad m i yaue e sha
INo qeutth tn obtudond
idonds a pckd to guou lonstan

dind Y0/ G50 220


Ke R0
2 RO lo0

D2Dal lt9
Ka- 3o(+0:1) 2 3 6 |180
D Ro-O:18 .O2

Couc Aulhpuiod GLBLhHatt moslol


IN 4 enin 2_diidend haue ten cecuung o 18/ p.a
hu puouM Mat a pedcol o (nhrdi_lon next
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_ueprrled
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paid, ? 2 . er lat ytor i ?2

De 2

DDolt9 ( l t018) 2:36


PVE @15 vDIV
ouuwdends
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78 O 75
p2 36(lr0 8) 2 16
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a S:SSx 0:S42

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8.S34 26-DS
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pa or Yyfay nx sun yr 0uuh
shub iofrkd fo e 12 p 4. nod
nd
e n t EPS ann uHt tc by Comp6ny u Y
Und dwdont payeut _àaho _u
al oul otti fSO
iHpirurd volue dhane
PCt RRR 5/,
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8. ytan

di videnf

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28 b.5
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3-84(012)33 643
132 .001
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3(1t0 12
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160 Xx o 32 2 3

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o 2 0
VAWATIoN OHARCS
eoH

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U h e n helding _peiod u nuni


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eeuth yake t
Constat
Gaveuh Ret
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diudernd

eprially ih
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h aHe Mo»COmpany h Comp on
ompany
dend
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nU raninGs
ethu au e 6
D, .Caann at 6
1quiat D
AuCeu mbdel iuhich u td u a
n uh a laje ES
Cyed hene
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o CPS
Ke

Walte'sModel
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ke Vhoulol bt o
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C 4 had-un on tzprtkd (As4 RJO eqwl


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06

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alio
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6 (n
Induuty
Th EP5 o Compan ho CUwnenH y d
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mebu
h h gcouudh tade stages ud i AhOulld *
Cbmal oCompany's hax_pn
Shouy b pwrthàed

S
PC13 P E x EP 5 K 6 10
MP5 6 NIS

han 90 hon pusdhant


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OT
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pe CA M. ts -he change suld pouu yenekihal
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c l a y _ o t u h i c n

he sAUkU
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nCompany
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an alten

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P 65
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hot.coi ha
n Company
wasto u t an exprckd
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8/
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ane
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t
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0-06
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o03 X 0 386 2

3 3 16 4:10

Shula ulanu to Unuu 0n a P Cemp: ha hy


g n diy o 2S/ Shaye
pn syxS/ 37 05/ thetefhen penpechualy
und oud nlune aluu e Ahone s RKR Lo U
h a tuhe ubuni Valw t end 0 8hy
ahelmIpouu /0o/shay howd0 M
shekla_buy h hant
P 122 29
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dls h
inuesl n hdutmaM r fadey
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pice o 3 1 0 . shus ndu
CUMeN
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o _ y u y M e


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uu n #h
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u pa
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uoou
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e xY21d
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diidund
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type /CoUred

K
m Similan
hnk pandey
fulai hus_hi shoe
3 . S 6 . 6 6

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Ke
o CnovdonS
wnq
nsted in BC SD
KRe I J
M unil ho
Valus
y EPS
o Ahouu Idinhgn yahs u
aul
mode_ind

Inut
20, 20
Andnehr ne
OXy06

oudh xalu
u ng g

Ke
5
40002 J 0
2 008 01roC8

0:ovo 2 12 o(l-0:() 1o0


1 0 42
_

aulane a ais 5 at ond e u


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ae_euung
a
ompany
( a u naninqe
9
VUalu
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Valuu-hen
equal o intuno
usen NMR yeuu u
elu_t
ymoul and
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aLLe2cceiung
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Ked
hu ditudond 'yidd and
twtal

15-0/o

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P
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5 1b) 215 15

apital qaihls
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e R _Lind 1E_li
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nt,Wl aHaumng
)
p02
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he shoue u aily_RHIUd un
AmKt vau

MPs 600 230

Ausnsuer i So Jakhs Oprahng proik iu R.


hnal
vauu ehod/sh ont)
Rolakh
Eauih Shae lapital tatt nehnencc Shaue
Capila koouL läkh R
ilal2o lGkh.
Um loon l o takh
IR debntww e 10 akh
lax Ha 307.
duuudend_pay_auk aio i S02
30
yaho
Yid d, diuidtno Yele
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o sabs BIT 0,00,006
00900

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600o
40,000)
0oo
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L
( No ashan O,00,000b0 o00o shaoo

es[A[s)2oee S30
R0,ee0

65

MS P/E x EPS 0 15 30

Agninq Yicld EPs : 302 3 33)


MS
iv Y1
MPS S

The shoe o Comp any aye Quallahla at ? 3 0uk ca

Yranndxp eched diudtnd TY:96/ p:9


Calaah tnkiuir yalu o jhaua.

kektle)P
5+19-5)xhs
S+|x5 33/.
D 3S2
K-C O23-0 06
P
o
om 4ellotuunq shae l M3 en
en bau
bau
undamotal angu ningpnu o hon
diuddsnt ild, Capita gaun RRR 20
Panh cul an 5ho ac Shone YY Shan 2
pDIw dind 1
1S
egwoua-
Ro lOnpany (aaw 1S. Nkwnn
G5 Ke RZ_K
eaning2
Adauhl Y07 oU heu bt (yough
Oul nsww eualuw, blsuld
M p |80.

EP 5 2 0
D1Es(1-1) 2o(1-b70)12
b x Ro E 0:10 XIS 2 6
Ker 1
Po _12
O:[3-0 06

oMPS bu

KoE IS &p 0s»5E DPs 22. RR1/.


Calculatq dpu, a P|E_ehon
PS, 5 _pPSL Ketaunz 3
Ret Raioz2ytoo 607.
RoE5/
q15 X0 %0 /

0-10-0.09 1mohing mn
PSPo
MS
E5
5
Th mgl e (onp: ha ju dutbuled the diid o o/shon
uunehy q 57 he ouOns to xpon
Rxpan y
sPthang 04OMa diud nod poy_dividund
nendoun_ycaw.ol hat ht company
p e c fo y ai wd o R20 Uim 112por
ompay dbey möl pond 11S pcrahoh
hen u i ' aucenhnuw idudnd 'anod
tu mmdin the htun g S / Keal27
he
Calulatl volue o, pho t tonpany
ompany(andA i | d m
CASET lompany daenot expond
DI 0lto 03

Re1 loloSO oS
O13 005

CASET CoMpany lxpancu


hi-4
ANAUENGNT

1ORToLIO nLYS15
SELECTIoN
Nanagement
HUUIM.
fartkelus
LHOS5 e constwh'en

fos1falioAgtiupHOCUA
o_vdfuo he otjehu
an& eueaahon uhihue
a pontolio
mat pstzaluis u to buulod the uR D4yll
wwh
a Hetpn_(omm unsuwrah
h e wkon

kp-1 SEURLTY NALY5 15 b_5sameuo k b aL_


baa
und @menfal

Sp-2 PoRTFoLuo NASIS AND 3ECFCT1ON


analypij hu Mxd SHep uto analyse
Seuwuly
pitepbstolus vaniouSeusuhe h
lotheltoHuin &Uk._m u e moRd

hat a (ara no- Aroliu dualuy ue

polps
Houu en o a
ostolip moy not ( ientt
An ehien pOnt u bne uhih qius yU maymum
Psunibo eun pn a_gaon uele u
on mihim|unJauel _ k fau
Hetwn
oRTFOfO 5CLECTION
Sler 3 an inuwton
P idenhhicahon i n t pontolup
maximi2es
Sdrub h e ophmum ponkouuo uhich
guen h uUK-HetuDUn_pe,NeNCES
uhly
K
Slen- oRTFOLIO KevISION
kn:5ORTFO UOYERORMANE Avt bvAUATIO N
5HARPE Raho
faskalio JUR, YoaHrelig 2ehun 50Mhno yaho
HeunoJ ah0_ nsen alpha
densido uk Mmeaure Hpdglan a modsalinau
Inr mahon alw Deue 3hape Katio
OMOSdtwmposihon otios/ Mea _

ORFouO R1Sk

2 Cane C, w h G2
2
Mumyp Ju u, u RuW2 CeC1,2) T
ane
Rw,2 Cev23) ww Co 3 )
ind houMony v u d n 2:1)
dpendend an fhuce hna
nliuidual Auk C 2
Indiujdual auigh
Cae oconklahon. 2-

W A t w f 2

be hee
diuwhicahon_ul
Ihe 6ngi y ate Jd fo (e
w
tuo Jeuwuhs
enly
enlu uhnhe tuud
ouu 4
(Dclaktd amengst themyuluuy
OHe _puAy_lonhuely
coUulaled
Sh Wt he
POHHglio k U
Similashy
H aU1 egng he uuo J u h U
hhok inuoo ull_ all lo
dg AU POtoluo ie Aimnate he uk othe

the no 0UelaluO a all e0 Hhon


2
ponahy_Juuk uwaA, 2o

uhen hn U nopuehah1lhy
AWon_6 henc 'ikAThA Ap Rp
MKKOWDT2 NoDEl. OF fokTFOUO SEl¢ctoN
fosuthelo uhun onkplio pgK:
auoluahen:HUwn e Aeudhe 2
Ua ned 2
piuk
CUOainA

mkahon e Pokguh eModekMdd u that d


Nosout
hmaunUmitahen O
daa o
Hauvwsubstang)al amsunt o Inp
(al portMo mdeat laltu / puu
ulat

2 St
LL 3

C (n)
3ntn
5

Pasklondihorg Heed KohunAktutraf PiRa bat fn


0322 6- 18
hood 5
Nuth 0.511
bad 02 1 1 228 2
ol ul Ceiaviant. 3/s 21 315/ Pronund
o vayane
NeLhaiung undouood he ton
an int ha hene oe 3poibhh
SrcASc B.

0shvo vasu ance


Bs nehun aue aby oM blow The

Leva darcUJaud o ve_ponh

Negaliue Ou auance

t w u ate elsu cu auotjag rn


hen cevaU anee Shud to b ng ah
we/voda

20 MLOSU ON e

paubhan then
OHO AB d not o l l any
n o He". and hence Mo CHuanan(e.
Houueuo, Covananc i PHUnd tn ene
spe Ultd wd of meuwement | u a _peritRp
hene an ab_souulb mea
Ond
Ceuld y dtull t Conpae leuananc
OohJuuhw hnce, Cen u t u l o aa

doh uw meau 1 COnulahon. Cuhih u

Indeyerdon of he wnid omasuument

Lel e 0oulaluin manws a dogt Ond_


obuutien ngOs Ad 6/u uo 90te vana.
L

Ualul 1Unqu) -fo t

Cov (A-8)
AR
A
pordteluo
9uk
olleuunq_d(uuh (al lab
q
(m Aon ins t 207 in A80/,n B.
Rckunh 159
53 2
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