High end equipment – Sharp TH http://sharp-th.com/ Wed, 28 Sep 2022 10:13:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sharp-th.com/wp-content/uploads/2021/07/icon-2021-07-02T222002.614-150x150.png High end equipment – Sharp TH http://sharp-th.com/ 32 32 Saurabh Mukherjea picks new small cap citing 2 reasons and ditches multibagger https://sharp-th.com/saurabh-mukherjea-picks-new-small-cap-citing-2-reasons-and-ditches-multibagger/ Wed, 28 Sep 2022 09:55:34 +0000 https://sharp-th.com/saurabh-mukherjea-picks-new-small-cap-citing-2-reasons-and-ditches-multibagger/ Dalal Street’s Best Fund Manager Saurabh Mukherjea recently made changes to its small cap portfolio and picked and dumped . Shares of Vijaya Diagnostic Center, listed on September 14, 2021, at Rs 542.30, have since fallen around 30% from their 52-week high of Rs 672.50. Mukherjea team running Marcellus PMS The fund said Vijaya has […]]]>


Dalal Street’s Best Fund Manager Saurabh Mukherjea recently made changes to its small cap portfolio and picked and dumped .

Shares of Vijaya Diagnostic Center, listed on September 14, 2021, at Rs 542.30, have since fallen around 30% from their 52-week high of Rs 672.50.

Mukherjea team running Marcellus PMS The fund said Vijaya has two key competitive advantages:

1) Integrated radiology and pathology business model offers convenient one-stop solutions for customers. Additionally, the extensive network of hubs and spokes built by the company in and around Hyderabad also gives Vijaya an edge in corporate tie-ups and wellness packages.

2) Vijaya’s quality advantage over its peers is attributable to the quality of its high-end equipment and the quality of the radiologists it employs.

Based on the above two factors, Mukherjea team said that Vijaya was able to gain around 20% market share in Hyderabad and make inroads in other cities of Andhra Pradesh and Telangana in recent years. years.

To make room for diagnostic stock, PMS sold the Gujarat Ambuja Exports multibagger, which has jumped more than 300% in the past five years.

“Gujarat Ambuja Exports scored lowest in our portfolio position sizing framework and also ranked lower than Vijaya Diagnostic Center,” Marcellus said of his Little Champs portfolio revamp. small cap stocks.

Over the past year, the fund has outperformed its benchmark BSE Smallcap by delivering a return of 8.8% against a return of 7.3% for the index.

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Florida Governor Ron DeSantis declares a state of emergency as Tropical Storm Ian approaches https://sharp-th.com/florida-governor-ron-desantis-declares-a-state-of-emergency-as-tropical-storm-ian-approaches/ Sun, 25 Sep 2022 18:44:04 +0000 https://sharp-th.com/florida-governor-ron-desantis-declares-a-state-of-emergency-as-tropical-storm-ian-approaches/ Florida Governor Ron DeSantis (right) declared a state of emergency for all of Florida on Saturday as Tropical Storm Ian approaches the state. Driving the news: Ian, which formed Friday over the southern Caribbean, is expected to intensify through Monday, possibly into an upper range Category 4 storm. The storm is expected to hit Florida […]]]>

Florida Governor Ron DeSantis (right) declared a state of emergency for all of Florida on Saturday as Tropical Storm Ian approaches the state.

Driving the news: Ian, which formed Friday over the southern Caribbean, is expected to intensify through Monday, possibly into an upper range Category 4 storm.

  • The storm is expected to hit Florida midweek. DeSantis previously declared a state of emergency for 24 counties in the state.
  • President Biden too declared an emergency for the state.

The big picture: “Due to the aforementioned conditions, which are expected to constitute a major disaster, I am declaring a state of emergency in the State of Florida,” DeSantis said. in an executive order Saturday.

  • “I encourage all Floridians to continue to watch the storm and listen to local officials,” DeSantis said. tweeted Saturday afternoon.
  • Ian is expected to bring heavy rains that will bring flash flooding and urban flooding, storm surges and high winds, the National Hurricane Center said. in an update Sunday morning.
  • The Florida Keys as well as parts of south and central Florida could receive 2 to 4 inches of rain, with local highs of up to 6 inches, from Monday through Wednesday, according to the NHC. North Florida and the panhandle, as well as the southeastern United States, can expect heavy rain the rest of the week.
  • Florida Keys officials waited Saturday to make a decision on evacuations ahead of the storm, the Miami Herald reported. The Monroe County School District said no decision has yet been made on school closures.

What they say : Tropical Storm Ian will likely become a “major hurricane” and Floridians need to be prepared, DeSantis warned during a press conference Sunday afternoon.

  • “It’s important to let people know that the path forward is still uncertain. The impacts will be significant across the state of Florida,” DeSantis added.
  • “Expect heavy rain, high winds, flash flooding, storm surges and even isolated tornadoes. Prepare now,” he said.
  • DeSantis added that residents should anticipate power outages, fuel disruptions and evacuations in certain areas.

State of play: Some Floridians lined up to buy crates of water, generators and plywood to cover their windows, PA reported.

  • Power teams are prepare for the restoration of power following the storm.
  • The Florida National Guard has been activated to help respond to Ian, with 2,500 guards activated and with the ability to activate more if needed, DeSantis said Sunday.
  • Tampa Mayor Jane Castor said Fox 13 Tampa Bay earlier this week, the city was working to prepare for possible flooding by preemptively draining ponds and releasing water from the nearby dam.
  • “[We are] cut trees and shrubs that could harm our lines, but also work with members of our community,” Duke Energy spokesperson Ana Gibbs told Fox 13 Tampa Bay about the preparations in the city.
  • Duke Energy Florida noted in a report Sunday that crews are “checking equipment, supplies and inventories to ensure the proper materials are available to make repairs and restore power outages.”

Editor’s Note: This story has been updated with additional details.

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Putin’s New Cannon Fodder Won’t Win the Ukraine War https://sharp-th.com/putins-new-cannon-fodder-wont-win-the-ukraine-war/ Thu, 22 Sep 2022 05:59:10 +0000 https://sharp-th.com/putins-new-cannon-fodder-wont-win-the-ukraine-war/ Russian President Vladimir Putin three-folded on the war in Ukraine in a short but provocative televised address on Tuesday. Politically, he announced that a series of referendums on joining Russia would be held this week in the conquered territories of eastern Ukraine. Militarily, he repeated previous not-so-veiled threats to use nuclear weapons and announced a […]]]>

Russian President Vladimir Putin three-folded on the war in Ukraine in a short but provocative televised address on Tuesday. Politically, he announced that a series of referendums on joining Russia would be held this week in the conquered territories of eastern Ukraine. Militarily, he repeated previous not-so-veiled threats to use nuclear weapons and announced a mobilization of 300,000 reservists to launch in his restive “special military operation”.

All of these choices smack of desperation and an attempt to thread a narrow needle: Putin wants the Russians to believe that all is well and that he will eventually conquer Ukraine; but he also knows that with as many as 80,000 soldiers killed or wounded in just over six months of war, he simply needs to get more soldiers into the fight.

Referendums are largely meaningless, with predetermined outcomes that no informed observer or the United Nations will take seriously. The nuclear threat is a repeat of Putin’s bluster of months ago. It is very unlikely that he would even use a low-yield tactical nuclear weapon given the obvious threat of the outbreak of World War III and also the immense damage it would cause in his efforts to keep Brazil, India, the Nigeria, South Africa and other major non-aligned countries. neutral country.

But the mobilization of 300,000 men is worth examining within the framework of a military analysis. What does the decision to call reservations say about the state of the war, and how should the West respond?

When I was Supreme Allied Commander of the North Atlantic Treaty Organization, I took part in exercises with numerous reserve troops, including those of three non-NATO countries with exceptional capabilities: Finland, Israel and Switzerland. (Finland is currently in the middle of the NATO membership process.)

Finland and Israel are small nations with a history of invasion by their immediate neighbors – Russia in the case of the former and various Arab nations for the latter. Both have universal conscription (male for Finland, both genders for Israel) which fuels a highly ordered, motivated and exceptionally well-equipped reserve force. I came away with a deep respect for their abilities.

Another country with incredibly ready reserves is neutral Switzerland. Military tradition is deeply respected and rooted in Swiss culture, from highly skilled fighter pilots to troops mounted on racing bikes. Every time I flew over Switzerland in NATO planes, I watched in awe left and right as reserve fighter pilots in high-end jets escorted us over their country.

The Russian reserve system, on the other hand, is not well liked by outside military analysts. It’s based on the remnants of universal conscription that had been in place for decades, and the stories of raw conscripts being beaten, abused, and starved are legendary. (See, for example, Arkady Babchenko’s “One Soldier’s War” for an overview of the brutal system.) It is also scandalously corrupt. When soldiers step out of uniform – after brutal wars in Afghanistan, Chechnya and Syria – they want to get as far away from the military as possible.

Once released, the former soldiers are loosely tracked by the Russian state. Unlike modern Western armies, there appears to be very little systematic training, no organized maintenance or operations of equipment, and no in-depth links with permanent units and missions. Although there are a few reserve units in the model of the American system, they are small and insufficiently supported by the larger armed forces.

Worryingly for Russia, the mobilization order places responsibility for recruitment on various governors of Russian regions, under a quota system imposed by the Defense Ministry. This demonstrates that there is no large and structured reserve to which the Russian military can turn. Additionally, the decree allows for further appeals and offers bonuses to reservists who show up, much like the incentives offered to convicts in Russian prisons to go and fight.

It will be a Herculean administrative task to provide uniforms and training for 300,000 troops, find qualified leaders at the officer level, equip them effectively, and integrate them with communications and logistics. It will be months before a significant number can be brought into combat. Then, almost certainly, they will become another wave of cannon fodder hurled at the Ukrainian positions.

The Ukrainians, knowing that they could eventually face a much larger force, will prepare their own responses. They will seek (and probably receive from the West) systems capable of neutralizing large numbers of infantry: close-attack aircraft, tanks and artillery, mounted machine guns, precision mortars and long-range surface-to-surface missiles.

The Russians taken off the streets in this mobilization will face a highly motivated, extremely well-armed and very innovative enemy, the Ukrainians. Putin’s ego war continues, and many of those 300,000 poor souls are likely to pay the ultimate price for his madness.

More from Bloomberg Opinion:

Putin, his rat and six ways the war in Ukraine could end: Andreas Kluth

• Frustrated and snubbed, Putin is running out of options: Clara Ferreira Marques

Why Putin Can’t Harness Fascism’s Greatest Resource: Leonid Bershidsky

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

James Stavridis is a Bloomberg Opinion columnist. A retired Admiral of the United States Navy, former Supreme Allied Commander of NATO and Dean Emeritus of the Fletcher School of Law and Diplomacy at Tufts University, he is vice president of global affairs for the Carlyle Group. He is the most recent author of “To Risk It All: Nine Conflicts and the Crucible of Decision”.

More stories like this are available at bloomberg.com/opinion

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Buildings and grounds committee votes to demolish university garden apartments, discusses sustainability report – The Cavalier Daily https://sharp-th.com/buildings-and-grounds-committee-votes-to-demolish-university-garden-apartments-discusses-sustainability-report-the-cavalier-daily/ Sun, 18 Sep 2022 18:24:45 +0000 https://sharp-th.com/buildings-and-grounds-committee-votes-to-demolish-university-garden-apartments-discusses-sustainability-report-the-cavalier-daily/ The Council of Visitors’ Buildings and Grounds Committee voted to demolish the University’s Garden Apartments and reviewed proposed designs for the new Physics Building, among other agenda items, at its meeting of Thursday. Chairman Robert Hardie opened the meeting by reminding committee members of their responsibility and privilege to make decisions regarding the grounds. “We […]]]>

The Council of Visitors’ Buildings and Grounds Committee voted to demolish the University’s Garden Apartments and reviewed proposed designs for the new Physics Building, among other agenda items, at its meeting of Thursday.

Chairman Robert Hardie opened the meeting by reminding committee members of their responsibility and privilege to make decisions regarding the grounds.

“We are blessed with what many consider to be the finest university grounds and architecture in the country – it is our responsibility to be good stewards,” Hardie said.

Among the items on the agenda for this meeting was the review and approval of the schematic design for the Physics Building Classroom Renovation, a $7 million project to promote learning active and adding windows to the west end of the building to provide natural light.

The design team, led by Goody Clancy Architects, also plans to construct a new ceiling-to-floor structure – complete with equipment and furnishings – between the building’s second and third levels. The schematic plan includes a classroom for 135 students on the second floor, and a hybrid auditorium and classroom support space on the third floor.

The committee also voted to approve the Darden School of Business Master Plan, which aims to improve the academic experience for students by creating an academic ‘hub’, increasing green space and improving connectivity between North Grounds and Central. Grounds.

University architect Alice Raucher pointed out that due to the large number of components of the master plan, approval does not necessarily mean approval of a specific project.

“It’s not an endorsement for any particular project,” Raucher said. “It would either come back for project approval, or conceptual site design guidelines, or both for approval before a project could move forward.”

The plan was first conceptualized in 2016 with Robert AM Stern Architects to “maximize strategic facility growth on the Darden grounds” and was refreshed in 2021.

Darden Dean Scott Beardsley said he believes the proposed master plan will help Darden attract bright minds to business.

“We think we can do things quite economically and that will make us more competitive, providing the office space we need and, most importantly, providing a great academic experience,” Beardsley said.

Another item that the Committee approved was the demolition of University Garden Apartments, which are located across from the John Paul Jones Arena. The apartments were built in 1948 and served from the 1960s to 2019 as housing for married and graduate students. According to the report, high operating costs mean apartments are generally not worth maintaining.

Colette Sheehy, senior vice president of operations and state government relations, said the buildings are no longer suitable for use.

“It would be really cost prohibitive to make them habitable again – mechanical electrical plumbing systems are no good. The roofs are not good, [and] they are not centrally air-conditioned,” Sheehy said. “The site itself is probably more valuable to the University without the buildings on it because of where it is.”

Council also voted to approve the addition of a new project to the Major Capital Plan. The proposed project would improve educational programs for U.Va. NOVA – the university campus in Northern Virginia – leasing and renovating space at the Inova Center for the Personalized Health Campus in Fairfax. The building to be used originally belonged to Exxon Mobil before being acquired by INOVA and is not attached to the INOVA hospital. The proposed $20.6 million project would create classrooms, offices, and provide furniture and equipment for the campus.

The committee then heard two reports from Sheehy, one reviewing the committee’s sustainability goals and achievements, and the other discussing efforts to implement the capital program recommendations presented by HKA Global at the 2021 board meeting.

The report created by HKA Global revealed that the University’s spending on capital projects is in line with that of other institutions. The report’s recommendations include goals to intensify the budget development process to better take into account risk management, to prepare regular reports on the progress of projects and to develop a project to ensure an understanding of future plans and budgets.

The Buildings and Grounds Committee will meet again at the December Board meeting.

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Kulicke And Soffa Stock: Strong Growth Prospect Despite Economic Headwinds (NASDAQ:KLIC) https://sharp-th.com/kulicke-and-soffa-stock-strong-growth-prospect-despite-economic-headwinds-nasdaqklic/ Thu, 15 Sep 2022 05:08:00 +0000 https://sharp-th.com/kulicke-and-soffa-stock-strong-growth-prospect-despite-economic-headwinds-nasdaqklic/ Kynny Investment thesis Kulicke and Soffa Industries (NASDAQ:NASDAQ: KLIC) is a manufacturer and distributor of capital goods and tools used to produce semiconductor devices. Recently, the company announced that it had signed an agreement to acquire Advanced Jet Automation. I believe it event can act as a primary growth catalyst for the company in the […]]]>

Kynny

Investment thesis

Kulicke and Soffa Industries (NASDAQ:NASDAQ: KLIC) is a manufacturer and distributor of capital goods and tools used to produce semiconductor devices. Recently, the company announced that it had signed an agreement to acquire Advanced Jet Automation. I believe it event can act as a primary growth catalyst for the company in the coming period.

About Kulicke and Soffa Industries

KLIC is a producer and distributor of equipment and tools that are used to develop semiconductor devices, including high and low power discrete devices, light-emitting diodes (LEDs), integrated circuits and module modules. Powerful. The Company operates through two segments: Capital Equipment and Aftermarket Products & Services (APS). The company wins 86% of total revenues from the Capital Equipment segment, while 14% is generated of the Aftermarket Products & Services segment. The Capital Equipment segment serves customers in four end markets: General Semiconductor, Automotive & Industrial, LED and Memory. The company wins 70% of total revenue from the Capital Equipment segment of the General Semiconductor market. The company’s customer base is concentrated in the Asia/Pacific region and it generates 96% of its turnover in this region.

Revenue Segmentation Table

Revenue segmentation (KLIC Annual Report)

The semiconductor business is highly volatile and cyclical in nature. But over the long term, both the industry and the company have maintained strong growth. The company’s revenue and EPS increased by 13.44% and 24.97% CAGR respectively over 5 years. The company decided to acquire Advanced Jet Automation to accelerate its growth.

Acquisition of Advanced Jet Automation

Recently, the company announced that it has signed an agreement to acquire Advanced Jet Automation (AJA). After completion of the transaction, the company will own specific distribution assets and the operation of its subsidiary, Samurai Spirit Inc, which is a designer and producer of high-precision micro-distribution equipment in Taiwan. The acquisition gives KLIC access to the production of dispensing equipment capable of flux, solder paste, adhesive, epoxy and underfill applications. The most important part of this acquisition is AJA’s exclusive dispensing head actuator integrated with AI software that provides process positioning accuracy, which I believe can be a significant competitive advantage for the company. company. I believe this acquisition could be a primary growth driver for the company in the coming years, as it can enhance and expand the portfolio of electronic assembly, semiconductor and advanced display products and provide an entry wider in the distribution equipment market. AJA’s business and commercial position can help the company target long-term opportunities in the market for advanced packaging, mini and micro-LEDs, and electronic assembly. I believe that investors can expect accelerated growth in the coming years, as AJA’s products and technology fit perfectly with KLIC’s existing product portfolio and will provide access to the new market, which is expected to reach a $2 billion valuation in 2023. The effects of this acquisition will be visible in the second half of the 2023 financial year.

What is the main risk facing KLIC?

Volatile market environment

Even though the semiconductor industry cycle may be distinct from the state of the global economy, it is possible that it directly affects the demand for semiconductor units and, subsequently, semiconductor investment tools and equipment. Accordingly, changes in macroeconomic conditions impact business and financial results, both favorably and unfavourably. Customer spending is based on current and forecasted market demand for semiconductors and products that require semiconductors, such as cell phones, personal computers, consumer electronics, auto parts, electric vehicles and other industrial goods. Reduced demand, inconsistent inventory levels, fluctuations in interest rates, higher energy prices or other conditions that affect the macroeconomic environment could have an adverse impact on the financial position and results of operation of the business. These conditions include government, economic and fiscal instability, pandemics, etc.

Additionally, since the business has fixed costs that cannot fluctuate in response to changes in demand, volatility can impact the profitability of the business. Customers may become cautious and postpone orders due to widespread economic downturns until the situation is more evident. Significant declines in product demand due to the semiconductor device market or general economic conditions can negatively impact a company’s operations, finances and business.

Evaluation

The acquisition of Advanced Jet Automation could drive the company’s growth in the coming years as it can enhance KLIC’s existing product portfolio and provide access to the border distribution equipment market, which is expected to reach a $2 billion valuation in the years to come. KLIC is trading at $41.28 with a P/E ratio of 5.41x. After factoring in the growth driven by the acquisition of AJA, I estimate that the company’s FY2023 EPS could be $8.20, giving a forward P/E ratio of 5, 03x. After comparing the company’s futures P/E ratio with the industry median of 18.01x, we can clearly say that the company is undervalued as the company’s futures P/E is 72% lower than compared to the industry median. The company has a 5-year average price-to-earnings ratio of 17.61x, but the stock is trading significantly below and not picking up steam due to economic headwinds and a volatile market environment. I believe that after AJA’s integration into KLIC, the company may gain momentum but continue to trade below its traditional P/E ratio as I believe economic headwinds may continue to affect the share price in the coming period. I estimate that the company could be trading at a P/E ratio of 6.9x, giving the target price of $56.5, which represents a 37% upside from current levels of the price. stock.

Conclusion

The company has decided to acquire Advanced Jet Automation, which can act as a main growth factor in the coming years as it is in perfect synergy with KLIC’s existing activities and can provide access to the border distribution market. KLIC is trading at a forward P/E ratio of 5.03x with an EPS estimate of $8.20, compared to the sector median P/E of 18.01x. I believe that after the stock is fully integrated, the stock may gain momentum, but due to economic headwinds, it could trade below its traditional P/E ratio. After taking all of these factors into account, I think the company has 37% upside potential. That’s why I’m giving KLIC a buy rating.

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Covid-time medical equipment: Tk 30cr lost to buy a transplant https://sharp-th.com/covid-time-medical-equipment-tk-30cr-lost-to-buy-a-transplant/ Sat, 10 Sep 2022 18:44:50 +0000 https://sharp-th.com/covid-time-medical-equipment-tk-30cr-lost-to-buy-a-transplant/ Public hospitals in the capital bought medical equipment at astronomical prices during the first four months of the Covid-19 pandemic in 2020, according to an audit report. The Comptroller and Auditor General in the audit report found that the government lost at least Tk 29.94 crore out of the Tk 320.23 crore it spent at […]]]>

Public hospitals in the capital bought medical equipment at astronomical prices during the first four months of the Covid-19 pandemic in 2020, according to an audit report.

The Comptroller and Auditor General in the audit report found that the government lost at least Tk 29.94 crore out of the Tk 320.23 crore it spent at the start of the pandemic due to such irregularities in the during the 2019-2020 fiscal year.

The first cases of Covid were detected in the country at the beginning of March 2020.

The report was presented to parliament during the last budget session in June this year.

According to the audit report obtained recently by this newspaper, the Kuwait-Bangladesh Friendship Government Hospital (KBFGH) in the capital Uttara purchased two ECG machines at Tk 6.25 lakh each when the market price was 1.99 lakh Tk.

Kurmitola General Hospital bought a high-flow oxygen therapy device for Tk 7.5 lakh from a supplier when its price was Tk 4.9 lakh. Mugda General Hospital bought a video laryngoscope – a device that allows indirect visualization of the vocal cords – for Tk 6.25 lakh when its price was Tk 1.99 lakh.

The report also revealed similar financial irregularities in the purchase of Medical and Surgical Equipment (MSR) and Covid-19 quarantine expenses of 15 public hospitals of medical schools and specialized health institutions in the capital.

The abyss between purchase prices and market prices was also felt in the supply of pathological drugs and accessories.

Take, for example, KBFGH’s purchase of an injection of Meropenem 1gm, a high-end antibiotic used to treat a serious infection.

At the price of 1,300 Tk, they bought 1,000 of the injections for 2,210 Tk each and 6,500 of them for 1,955 Tk each. Through this purchase of a single drug, the government lost a total of 51,675 lakh Tk, according to the report.

National Institute of Cardiovascular Diseases and hospital authorities embezzled Tk 18.55 lakh by purchasing echocardiography paper and reagents at a price well above the market rate, the report adds.

It also found irregularities in the payment of quarantine bills for medical professionals at various contracted residential hotels in the city.

Mugda General Hospital authorities have signed a contract with Asia Hotel and Resort in Dhaka for Tk 2,950 per day for each of its 45 rooms.

But the hotel received an additional Tk 15.90 lakh every day between April 23 and May 17, 2020 for renting more rooms, which the hotel did not have, according to the report.

Dhaka Medical College Hospital authorities made additional payments of Tk 6 lakh to New York Hotel in Dhaka, the report added.

Discrepancies between purchase prices and market prices and anomalies in quarantine bills reflect long-standing irregularities and inability in public procurement in the health sector, experts said.

“If one of the doctors [hospital directors] really divert the money from these purchases, they must be punished. But before blaming them, a reality check is needed, as doctors are often powerless against trade unions,” said Syed Abdul Hamid, a professor at the Institute of Health Economics, University of Dhaka, recently. at the Daily Star.

He said that the existing public procurement procedure has many shortcomings that need to be reviewed.

“We have studied that many competent physicians do not want to take over healthcare organizations. Many hospital managers do not even want to spend the allocated money to avoid the hassle of auditing,” Hamid said.

He also said doctors lack skills related to public procurement. “They often fail to negotiate properly.”

When questioned, Mohammad Shahadat Hossain, Additional Secretary (Financial Management and Audit) in the Ministry of Health and Family Welfare, informed that he had received an additional audit objection of Tk 10 crore, in addition to the Tk 29.94 Tk crores mentioned in the 2021 audit report.

“We received responses against half of the audit objections and forwarded them to the Auditor General’s office with recommendations,” Mohammad Shahadat Hossain told the Daily Star on Wednesday.

“There is no possibility of defending anomalies. Simultaneously, we must consider that quarantine arrangements and ensuring timely medical supplies were a great challenge at the onset of the Covid-19 emergency.”

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An overview of the outdoor sports industry in China https://sharp-th.com/an-overview-of-the-outdoor-sports-industry-in-china/ Fri, 09 Sep 2022 04:38:33 +0000 https://sharp-th.com/an-overview-of-the-outdoor-sports-industry-in-china/ Although China’s outdoor sports market has grown rapidly in recent years, there is still a gap behind the false prosperity. When the fever subsides, where will the outdoor industry go? In China’s outdoor sports industry, consumer purchases consist of two main components: outdoor sports services and outdoor products. Outdoor sports services can generally be divided […]]]>

Although China’s outdoor sports market has grown rapidly in recent years, there is still a gap behind the false prosperity. When the fever subsides, where will the outdoor industry go?

In China’s outdoor sports industry, consumer purchases consist of two main components: outdoor sports services and outdoor products. Outdoor sports services can generally be divided into three categories. Providers in the first category are clubs specializing in outdoor sports, which provide professional outdoor sports organization services. These outdoor sports have a high entry threshold and generally require a qualification certificate to be practiced. The second category includes outdoor travel products provided by travel platforms, which include outdoor sports in the travel itinerary as a product feature and mainly focus on outdoor leisure sports. The last category concerns activities organized directly by communities of amateurs, where people can instantly enjoy outdoor sports. Outdoor products are another major consumer category in the outdoor sports industry, including outdoor sports apparel and equipment, which consumers buy based on their terms.

The size of China’s outdoor sports goods market has proliferated in recent years. It reached 315 billion CNY (45.64 billion USD) in 2020 and is expected to reach 599 billion CNY in 2025, with a compound annual growth rate of 13.7%, according to data from Euromonitor. According to data published by JD.com, vintage cycling apparel is up 700% year over year and adult frisbee is up 340% year over year. The outdoor-related consumer scene is multiplying, more and more consumers are focusing on the back-to-nature life experience, and outdoor sports that break the traditional sports scene are becoming popular.

Four main factors promote the development of the outdoor sports industry, namely outdoor sports meeting the social needs of young people, favorable policies, the unique nature of the post-epidemic era and the marketing campaigns of social media and variety shows.

Playing outdoor sports strengthens and expands people’s social circle and gives family and friends time to spend with each other. According to TopKlout, 91.2% of people often practice outdoor sports in a group, while only 8.8% play alone. Outdoor sports can meet people’s social needs and fitness needs at the same time, forming a popular new trend.

In terms of policy, national and local governments have issued several approaches to encourage the vigorous development of outdoor sports and promote national physical fitness. The provincial government has also established related policies according to the geographical environment and climate of each city locally.

In addition, due to the unique nature of the post-epidemic era, most people cannot travel outside the country and are afraid of the risk of seal control during domestic travel, outdoor sports have therefore become the best choice. Compared to formal tourism, outdoor sports are less expensive and allow consumers to experience nature and escape urban chaos for a while.

The online way for most people in China to connect with outdoor sports is through social media platforms. Outdoor brands are promoted through online KOLs, and some outdoor bloggers specialize in sharing outdoor sports experiences. On mainstream social media platforms, there are three main types of content sharing for outdoor activities: outdoor sports combined with dress-up tutorials, skill demonstrations, and vlogs. The rich and creative content is eye-catching, giving potential sports people a different experience. It also plays a role in planting outdoor products and promoting them to keep up with outdoor sports trends. Meanwhile, in recent years, variety shows such as “Camping Together” and “Super Fun Ski Conference” have introduced various outdoor sports to the public. Whether it’s blood sports in the arena or relaxing scenes in the open air in the style of peach blossom gardens, all subconsciously awaken people’s desire for nature and inspire them to take a break from their hectic life.

From the perspective of the outdoor sports audience, different age groups have their preferences for outdoor sports, with a specific correlation with the characteristics of the age group. According to data from TopKlout, post-80s and post-85s are the most inclined towards fishing and Frisbee sports, while post-90s prefer surfing and snorkeling. Post-95s love wild camping, and a post-2000 favorite is skateboarding. If we take the two age criteria of the statistical population as an example, the middle-aged people are calm and quiet, so fishing, which may seem boring to foreigners, is one of the sports of most popular outdoors among this age group. The most popular outdoor sport among post-00s is skateboarding, its entry threshold and cost are low, and there is no excessive requirement for location. At the same time, the rebellious color of skateboarding itself is also an important reason to attract post-2000s.

Based on the wide variety of outdoor sports, related outdoor products can be divided into five categories: suits, bags, professional equipment, accessories and personal care products. As China’s outdoor sports participation rate is not high, most outdoor products are still mainly cost-effective and low-end.

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From the global outdoor model, it seems that foreign brands occupy the high-end position, and domestic brands concentrate in the middle and low end. Therefore, in the future, household outdoor products will undoubtedly develop into middle and high-end brands, increase investment in research and development, and turn into specialty products. In addition, since different outdoor sports have their characteristics, consumer demand is subdivided and involves a wide range of categories, outdoor brands must also be subdivided and accurately target consumer demand. Finally, more and more women have entered the field of outdoor sports in recent years. Ctrip data shows that female users participating in camping and hiking reached 51% in 2021. Female users are not only concerned about the functionality of outdoor products, but also have high requirements for appearance and fashionable comfort. Outdoor brands can actively expand the female market and understand the consumption needs of female groups to further balance the gender ratio of target consumers.

Although more and more people are playing outdoor sports in recent years, the development of the whole outdoor industry in China is still in its infancy. According to data released by China Outdoor Alliance, in 2019 there were about 130 million outdoor sports enthusiasts in China, while the number in the United States reached 154 million during the same period, with a rate stake of 50.7%.

Meanwhile, its entertainment attributes are gradually revealing the industry’s weak spots in various types of marketing. Much of the marketing has attracted trend-following consumers, whose primary purpose of participating in outdoor sports is to take photos and sunbathe on social media platforms rather than engage in the activity. for an extended period. This has led to some niche sports organizers having no way to stimulate consumption, leaving only a void in the market once the fever subsides. To seize the market among outdoor sports service providers with serious homogenization, many organizations are using tracking photography as a strong point of marketing, and the entertainment attributes are gradually covering outdoor sports sports attributes. Additionally, many outdoor sports require specialized abilities and are more expensive. Usually only people who have money and hobbies can maintain their hobby for a long time.

Moreover, the trend of outdoor sports caused by the epidemic may not be long-lasting. Due to the unique nature of the epidemic period, people’s travel costs have increased and travel opportunities have dropped, resulting in a bonanza of outdoor sports. When the players on a whim return to their daily lives, most will gradually give up outdoor sports, and the number of players who stay will decrease instantly. The false prosperity behind outdoor sports means practitioners have to put in a lot of effort to maintain customer loyalty and expand the range of consumers over the long term, which is crucial to maintaining industry growth.

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JD Logistics tackles air freight and freight competition https://sharp-th.com/jd-logistics-tackles-air-freight-and-freight-competition/ Tue, 06 Sep 2022 20:34:44 +0000 https://sharp-th.com/jd-logistics-tackles-air-freight-and-freight-competition/ Sept. 5 — Beijing (China Daily/ANN) — Courier company gets CAAC approval to field its own fleet JD Logistics, the logistics arm of Chinese e-commerce giant JD, has won approval from aviation authorities to commission its own air cargo fleet, a key move that should help JD increase its long-haul cargo capacity. -courier and to […]]]>

Sept. 5 — Beijing (China Daily/ANN) — Courier company gets CAAC approval to field its own fleet

JD Logistics, the logistics arm of Chinese e-commerce giant JD, has won approval from aviation authorities to commission its own air cargo fleet, a key move that should help JD increase its long-haul cargo capacity. -courier and to improve delivery efficiency and ensure the stability of supply chains, said industry experts.

Experts said JD faces intense competition from local courier companies such as SF Express, YTO Express and Cainiao Network, which have stepped up efforts to build global delivery networks, expand air cargo fleets and build air cargo capacity.

Jiangsu Jingdong Cargo Airlines Co Ltd, a subsidiary of JD Logistics, received clearance from the Civil Aviation Administration of China on Wednesday. The company, based at Nantong Xingdong International Airport in Jiangsu Province, will be engaged in domestic and international air cargo transportation, serving industries such as high-end consumer, high-end manufacturing, medical and fresh produce.

JD Logistics said the carrying capacity of each plane will be 23 metric tons, without disclosing the number and type of planes that will enter service. The company said it hoped to gradually expand the scale of its air cargo fleet on the premise of ensuring safe operation.

The company will expand its domestic air cargo business in the Yangtze River Delta region, Bohai Economic Zone and Pearl River Delta region in the preliminary stage, focusing on Nantong and Wuxi cities in China Province. Jiangsu, Beijing and Shenzhen. in Guangdong Province and plans to cover more major cities nationwide by the end of 2025, according to JD Logistics.

In addition, it will accelerate the establishment in international air cargo markets such as North America, Europe, the Middle East, Southeast Asia, Japan and South Korea of by the end of 2025.

Yang Daqing, deputy director of research at the China Federation of Logistics and Purchasing, said air cargo currently occupies a relatively small part of China’s comprehensive transportation system, which cannot meet demand. increasing consumer demand for high-tech products as well as cold. chain logistics services covering the transport of fresh products and medicines.

“Scarcity of air cargo capacity, specialized air cargo companies and increases in transportation costs have become acute amid the COVID-19 pandemic,” Yang said, adding that the license to operate a air cargo fleet will help JD improve delivery efficiency, especially in the cross-province and cross-border logistics segment, increase its long-haul cargo capacity, and ensure smooth operation of supply chains.

In 2018, JD signed a strategic partnership with Nantong local government to make Nantong Xingdong International Airport an air cargo hub for JD Logistics. The company got the green light from aviation authorities to set up its own cargo airline in August 2021.

Other logistics companies have invested heavily in providing air freight services. SF Airlines, the aviation arm of express delivery giant SF Express, has expanded its freighter fleet. SF Airlines’ fleet size reached 73 aircraft after the introduction of a Boeing 757-200 freighter in July.

The company will continue to introduce long-range wide-body freighters to bolster its air cargo capacity in the second half of the year and support the construction of the country’s air cargo hubs, SF Airlines said. YTO Express, another parcel delivery company, said the number of its air cargo fleet will reach around 20 planes by the end of next year.

“Operation of cargo aircraft will be an essential complement to JD’s current supply chain and logistics system, as air cargo transportation could forge greater synergy with the Asia No 1 Smart Logistics Park, the company’s warehousing and sorting to build an integrated logistics and delivery network,” said Han Tao, a researcher with the China Air Transport Association.

In addition, JD’s latest move will also spur other air cargo carriers to continuously expand more cargo routes, optimize cargo capacity and improve service quality, Han added.

Air cargo traffic in China has returned to normal recently after posting a V-shaped recovery in the first half of this year. In July, the civil aviation industry transported a total of 539,000 tonnes of cargo and mail, an increase of 28.3% from April, according to the CAAC.

JD launched two charter cargo flights from China to Brazil and Germany in March. The flights carry a variety of e-commerce products from China, including fast-moving consumer goods, sports equipment and digital accessories. Goods are shipped to China on return flights, which facilitates cross-border trade.

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Process and control today | The Valley Center route https://sharp-th.com/process-and-control-today-the-valley-center-route/ Mon, 05 Sep 2022 04:01:19 +0000 https://sharp-th.com/process-and-control-today-the-valley-center-route/ 05/09/2022 Landia UK Ltd At the Valley Center Wastewater Treatment Plant and a growing number of facilities across Kansas, the decision to purchase the most expensive equipment upfront is proving to be the most economical. Long-term maintenance savings are important, but in the shorter term, energy savings are fundamental. “Total cost of ownership is […]]]>

At the Valley Center Wastewater Treatment Plant and a growing number of facilities across Kansas, the decision to purchase the most expensive equipment upfront is proving to be the most economical. Long-term maintenance savings are important, but in the shorter term, energy savings are fundamental.

“Total cost of ownership is what interests us at the plant and our city council,” said Valley Center utilities manager Wade Gaylord.

“There is always a cheap short-term solution, but it is our duty to act in the best interest of the city and our residents to spend our budget as wisely as possible, which for me is common sense. “.

After being laid off from the aerospace industry during the pandemic, Wade sought employment in the wastewater industry, where he could put his college degrees in chemistry and geology to good use.

“I grew up here and later I would walk past the South Sheridan factory and wonder what was going on there,” he said. “After aerospace, I was ready to travel wherever a good career opportunity presented itself in the wastewater industry. But it turned out that there was just one vacancy for an operator right here at Valley Center.”

Located about 20 km north of Wichita, the 0.5 MGD (million gallons per day) sewage treatment plant (built in 1979) serves 2,700 homes. It includes an extended aeration treatment plant, as well as ultraviolet disinfection treatment. Solids removal prior to discharge into the Little Arkansas River typically ranges between an impressive 97.5% and 99%.

The recent breakdown of a mixer at Valley Center demonstrated the firm commitment that now prevails when the true cost of ownership is mapped that only top quality, durable equipment represents the best value for money.

“To be honest,” Wade said, “I didn’t quite understand why the existing mixer impeller design was the way it was, but what I did know for sure was that it wasn’t. very reliable – and the cost of having it assessed and repaired was prohibitive. The mixer (7.5 HP) had been in use for 10 years but had a seal system that was just not user friendly”.

Wade spoke with several equipment representatives, including Wichita’s Fluid Equipment, which has been evaluating and repairing sewer systems for more than half a century. After hearing how Valley Center approached their purchase, Jeff Ubben of Fluid Equipment recommended a Landia submersible mixer from their portfolio that was at the top end of their price range, but should last 20-25 years.

“Look for longevity, as well as the best efficiency”

“I immediately liked the Landia design,” added Wade, especially the sealing system, which protects the most important part of the mixer. We have great cohesion in our team here at Valley Center, including our infrastructure manager, Ron Ekstrom, who has worked here for over 20 years. When we carefully weighed the pros and cons, we found Landia to be the most expensive purchase. However, when I presented the total cost of ownership to the city, they could see that it made the most sense by far. Our administration is definitely looking for longevity, as well as the best efficiency, and in 10 years or less, I don’t want an operator to face the same problems as me”.

“A better job, even if it uses a lot less energy”

Jeff Ubben of Fluid Equipment, commented, “For the wastewater industry, it is very encouraging to see a young utility manager and a city pushing hard for better quality equipment that will stand the test of time. With a Landia mixer, Valley Center can see that they won’t have the annoying maintenance issues that less designed mixers will create. And in addition to lasting a lot longer, the blender we recommended will also do a better job, even though it uses a lot less energy.”

With its backward-swept propellers, the Landia mixer’s design ensures that rags cannot snag and damage seals. The protective grease hub in the propeller protects the seals and is difficult to wash off. It acts as an important first line of defense against all types of debris. The proven Landia sealing system eliminates immediate and costly sealing failure conditions.

Jeff Ubben of Fluid Equipment pointed out that Landia can very often reuse an existing mixer manufacturer’s guide rail, so installation can continue without the tank having to be emptied.

Again, although Landia initially appears to be at the higher end of the price list, a refurbishment does not incur the additional costs of other designs.

‘Hand I have never seen the basin mixed like this before!

“Previously,” Wade said, “we knew the old 7.5 HP mixer was running and mixing – to some extent – but when the Landia mixer was installed, we turned it on and we never had seen the basin mixed like this before!The volume the Landia mixer was pushing through, mixing the basin from bottom to top, was pleasantly surprising;changing the dynamics for a much better process across the board.All that too,with just one motor of 4.9 HP!The amperage of the Landia gear mixer is lower than what we have seen with other manufacturers (7 amps compared to 10 and 12 amps of the others).On this mixer alone, running two hours of operation, two hours of rest, we realize an energy saving of $58 per week, or more than $3,000 per year. The return on investment is obvious”.

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Bettinardi outrage as putters appear in Costco stores https://sharp-th.com/bettinardi-outrage-as-putters-appear-in-costco-stores/ Sat, 03 Sep 2022 12:29:47 +0000 https://sharp-th.com/bettinardi-outrage-as-putters-appear-in-costco-stores/ Famous Tour-proven putter brand Bettinardi has issued a statement of anger regarding the unauthorized distribution of its clubs at Costco. In a statement on Friday, the company revealed that one of its distributors attempted to sell its products to a Costco store in South America. The company, founded by Robert J. Bettinardi in 1998, said […]]]>

Famous Tour-proven putter brand Bettinardi has issued a statement of anger regarding the unauthorized distribution of its clubs at Costco.

In a statement on Friday, the company revealed that one of its distributors attempted to sell its products to a Costco store in South America.

The company, founded by Robert J. Bettinardi in 1998, said it was working to remove all clubs from every Costco store and website. Costco is an American company that supplies big box retail stores around the world.

“In an attempt to increase Bettinardi Golf’s distribution in South America, one of our distributors has chosen to breach their contract and sell their Bettinardi product to Costco without Bettinardi Golf’s consent,” the statement read.

“We are very proud and work very hard to choose the best retail partners around the world to carry our premium products.

“We are extremely disappointed that one of our distributors is choosing to diminish our brand and end our relationship in this manner – Costco is not an official distributor of Bettinardi Golf.”

Bettinardi is one of the most popular putting brands on the PGA Tour. Matt Fitzpatrick used one of their putters to claim his first major title at the US Open in June.

LIV Golf rebels Sam Horsfield and Jason Kokrak also use the brand. Both players play in the fourth event of the Saudi-backed series near Boston this week.

Tour veterans Fred Couples and Matt Kuchar are also defenders for Bettinardi along with Jodi Ewart Shadoff and Patty Tavatanakit of the women’s game.

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