71 research outputs found
Equity research - Hapag-Lloyd, AG
Mestrado Bolonha em FinançasEste documento foi escrito de acordo com o formato de relatório recomendado pelo Instituto CFA, contendo informação pública e está dividido nas seguintes secções: Descrição do Negócio, Análise Ambiental, Social e Governança, Visão Geral da Indústria e Posicionamento Competitivo, Resumo do Investimento, Avaliação, Análise Financeira, Riscos de Investimento incluindo um Apêndice.
A Hapag-Lloyd pertence à indústria de transporte marÃtimo de contentores que é o sangue vital da economia global. Sem o transporte marÃtimo, o comércio internacional não seria possÃvel. A companhia é considerada a 5ª maior empresa de transporte marÃtimo de contentores em termos de capacidade, com 1.8m TEU (milhões de vinte-pés equivalentes) e um valor de mercado de € 35,398m, operando em todo o mundo em mais de 600 portos e com escritórios em 131 paÃses.
Dentro da cadeia de suprimentos, a empresa presta serviços de transporte de contentores desde a origem até o destino utilizando navios marÃtimos.
A Hapag-Lloyd tem uma recomendação de investimento "NEUTRA", com um PA (Preço Alvo) de €222.69/ação no final de 2022 estimada usando o método DCF, correspondendo uma variação potencial de 9.5% em relação ao preço de fechamento de €203.4 em 5 de agosto de 2021, mas com risco médio.
A razão dessa recomendação deve-se principalmente ao ambiente de mercado desafiador, com a pandemia COVID-19 e diversas interrupções econômicas na cadeia de suprimentos.
Em relação às tendências atuais do setor, a tecnologia está ganhando cada vez mais espaço, especialmente com o surto da pandemia, e as empresas de transporte de contentores estão mais focadas em modernizar sua frota e reduzir sua pegada de carbono.
Espera-se que a Hapag-Lloyd continue a ter um desempenho sólido e continue a crescer, ainda que lentamente, o que significa que continuará a ser capaz de distribuir pelo menos 30% de seus lucros aos seus acionistas.This document was written in accordance with the report format recommended by the CFA Institute, based on public information and is divided into the following sections: Business Description, Environmental, Social and Governance Analysis, Industry Overview and Competitive Positioning, Investment Summary, Valuation, Financial Analysis, Investment Risks including an Appendix.
Hapag-Lloyd belongs to the container liner shipping industry which is the life blood of the global economy. Without liner shipping, international trade would not be possible. The company is considered the 5th largest container liner shipping company in terms of capacity, with 1.8m TEU (millions twenty-foot equivalent) and a market value of €35,398m, and operates worldwide in more than 600 ports and with offices in 131 countries.
Within the supply chain, the company provides shipping services of carriage of containers from the origin to the destination using ocean vessels.
Hapag-Lloyd has a "HOLD" investment recommendation, with a PT (Price Target) of
€222.69/share at the end of 2022 estimated using the DCF method, corresponding a potential 9.5% change from the closing price of €203.40 on August 5, 2021, but with medium risk.
The reason for this recommendation is mainly due to the challenging market environment, with the COVID-19 pandemic and several economic disruptions in the supply chain.
Regarding current trends in the industry, technology is gaining more and more space, especially with the outbreak of the pandemic, and container shipping companies are more focused in modernizing their fleet and reducing their carbon footprint.
Hapag-Lloyd is expected to continue to perform solidly and will continue to grow, albeit slowly, meaning it will continue to be able to distribute at least 30% of its profits to its shareholders.info:eu-repo/semantics/publishedVersio
Effectiveness of hermetic containers in controlling paddy rice (Oryza sativa L.) storage insect pests
Naturally infested paddy rice was used to compare the effectiveness of polypropylene bags and hermetic
storage containers over 12 months of storage in a warehouse. Insect pest identification as well as the
infestation level, percentage of damaged grain, weight loss, and moisture content were evaluated. Five
insect species associated with stored rice were identified during the storage period, namely lesser grain
borer (Rhyzopertha dominica), red flour beetle (Tribolium castaneum), rice/maize weevil (Sitophilus spp.),
angoumois grain moth (Sitotroga cerealella) and flat grain beetle (Cryptolestes ferrugineus). The lesser
grain borer was the most predominant species with an average incidence above 70% after twelve months
of storage, followed by the rice/maize weevil with an incidence of 17%. When compared to hermetic
storage containers, polypropylene bag showed the highest mean infestation level with 233.3 individuals/
kg after six months of storage, representing about 8-fold of the number of insects recorded in hermetic
containers after six months of storage. In polypropylene container, the percentage of damaged grain and
weight loss increased significantly achieving a maximum of 6.98% and 5.56% respectively, whereas using
hermetic containers the highest percentage of damaged grain reached was 3.24% in polyethylene drum
and the weight loss was 1.62% in GrainSafe bag. The results from the study show that the use of hermetic
storage containers is a green alternative for safe storage of paddy rice, for 12 months without application
of pesticides, bringing multiple advantages for smallholder farmers, lever food security and income
generation for smallholder farmers and rice milling companiesinfo:eu-repo/semantics/publishedVersio
Mortality and risk of tuberculosis among people living with HIV in whom TB was initially ruled out
Tuberculosis (TB) misdiagnosis remains a public health concern, especially among people living with HIV (PLHIV), given the high mortality associated with missed TB diagnoses. The main
objective of this study was to describe the\xC2\xA0all-cause
mortality, TB incidence rates and their\xC2\xA0associated risk
factors in a cohort of PLHIV with presumptive TB in whom TB was
initially ruled out. We retrospectively followed a cohort of
PLHIV with presumptive TB over a 2\xC2\xA0year-period in a rural
district in Southern Mozambique. During the study period 382
PLHIV were followed-up. Mortality rate was 6.8/100 person-years
(PYs) (95% CI 5.2-9.2) and TB incidence rate was 5.4/100 PYs
(95% CI 3.9-7.5). Thirty-six percent of deaths and 43% of TB
incident cases occurred in the first 12\xC2\xA0months of the
follow up. Mortality and TB incidence rates in the 2-year period
after TB was initially ruled out was very high. The\xC2\xA0TB
diagnostic work-up and linkage to HIV\xC2\xA0care should be
strengthened to decrease TB burden and all-cause mortality among PLHIV with presumptive TB
The Medical Education Partnership Initiative Effect on Increasing Health Professions Education and Research Capacity in Mozambique
Background: Mozambique is an emerging lower income country (LIC) on the southeast coast of Africa. There are significant workforce shortages in medical and health professions in the country. Mozambique was one of 12 countries in Africa that was awarded a grant through the Medical Education Partnership Initiative (MEPI) in 2010. The overarching goal of MEPI Mozambique was to enhance the capacity of medical schools to train the medical and scientific leadership corps that the country required to facilitate the training of doctors and other health professionals, and thus to strengthen the national health system. Objective: The aim of this article is to provide an overview of MEPI Mozambique activities, its outcomes and successes, lessons learned, and how these have sustainably strengthened the health sector in the country. What Was Done: The Eduardo Mondlane University (UEM) formed a partnership with the University of California, San Diego (UCSD) to implement MEPI Mozambique. A range of activities in medical education, research capacity development, electronic connectivity and information technology, and developing relationships among medical education stakeholders, were performed. Outcomes and Effects: The activities and innovations introduced under MEPI became part of the daily routine in medical education in Mozambique, dramatically influencing attitudes and perceptions. Joint research with partners leveraged research capabilities. The creation of a research support center offered a mechanism to sustainably build on MEPI achievements. Scientific knowledge generated through research has been translated into practice and policy, and has improved the working environment for health professionals. The use of interactive communication technologies enabled the scaling up of training and research in sustainable ways, and created communities of practice. Conclusion: MEPI Mozambique developed transformational long-term partnerships between UEM, UCSD and other partners. These are changing the trajectory of medical and health professions education in Mozambique and creating sustainable capacity for research
Strengthening research capacity through the medical education partnership initiative: the Mozambique experience
BACKGROUND: Since Mozambique’s independence, the major emphasis of its higher educational institutions has been on didactic education. Because of fiscal and human resource constraints, basic and applied research activities have been relatively modest in scope, and priorities have often been set primarily by external collaborators. These factors have compromised the scope and the relevance of locally conducted research and have limited the impact of Mozambique’s universities as major catalysts for national development. CASE DESCRIPTION: We developed a multi-institutional partnership to undertake a comprehensive analysis of the research environment at Mozambique’s major public universities to identify factors that have served as barriers to the development of a robust research enterprise. Based on this analysis, we developed a multifaceted plan to reduce the impact of these barriers and to enhance research capacity within Mozambique. INTERVENTIONS: On the basis of our needs assessment, we have implemented a number of major initiatives within participating institutions to facilitate basic and applied research activities. These have included specialized training programmes, a reorganization of the research administration infrastructure, the development of multiple collaborative research projects that have emphasized local research priorities and a substantial investment in bioinformatics. We have established a research support centre that provides grant development and management services to Mozambique’s public universities and have developed an independent Institutional Review Board for the review of research involving human research subjects. Multiple research projects involving both communicable and non-communicable diseases have been developed and substantial external research support has been obtained to undertake these projects. A sizable investment in biomedical informatics has enhanced both connectivity and access to digital reference material. Active engagement with relevant entities within the Government of Mozambique has aligned institutional development with national priorities. CONCLUSIONS: Although multiple challenges remain, over the past 3 years significant progress has been made towards establishing conditions within which a broad range of basic, translational and clinical and public health research can be undertaken. Ongoing development of this research enterprise will enhance capacity to address critical locally relevant research questions and will leverage resources to accelerate the development of Mozambique’s national universities
Aplicaciones de la secuenciación del genoma completo de Mycobacterium tuberculosis para la predicción de resistencias a antibióticos en muestras de Mozambique
Trabajo presentado a las XXVII Jornadas Internacionales sobre Tuberculosis celebradas en Barcelona del 13 al 14 de noviembre de 2023.Peer reviewe
Comunicação para o desenvolvimento sustentável em Moçambique : uma análise das estratégias de comunicação das vilas do desenvolvimento do milénio de Chibuto, Chitima e Itoculo - 1964 a 2020
Aquesta tesi discuteix les estratègies de comunicació del govern en la implementació dels models de desenvolupament de Moçambic, com els llogarets de desenvolupament del mil·lenni implementats pel govern de Moçambic des de 2006, prenent com a exemple els llogarets comunals creats en el perÃode de la lluita armada per l'alliberament nacional., el 1964. L'argument central esbossat és que la base per al desenvolupament de les comunitats rurals, assumides com a tradicionals i l'estructura de les quals està guiada per les autoritats locals, és prendre com a base les seves identitats socioculturals i lingüÃstiques, aixà com respectar els lÃders tradicionals capaços d'influir en la Demanda judicial. La investigació es va guiar per l'anà lisi d'entrevistes als llogarets de desenvolupament del mil·lenni de Chitima (creada el 2011), Chibuto (creada el 2006) i Itoculo (creada el 2009), buscant moments històrics que van caracteritzar la conjuntura socioeconòmica i polÃtica de la paÃs que parteix des del 1964 fins al 2020. Per això, va ser possible creuar les diverses idees que van ajudar en l'anà lisi de les comunicacions realitzades a través de converses amb especialistes de C4D que ens van ajudar a fer una avaluació dels processos de comunicació a tots els nivells capaços dinfluir en el desenvolupament. D'altra banda, historiadors, expobladors de pobles comunals, comunicadors de rà dios comunità ries, professionals del CITT, ICS i FORCOM ens van ajudar a donar-nos l'statu quo. Buscant els contextos dels districtes, fem conversatoris com una manera d'avaluar què condiciona el desenvolupament de manera sostenible. Ens adonem que la manca d'informació en aquests llocs, de coneixements tècnics i cientÃfics, deixa les comunitats sense condicions capaces de, associar-se i/oa través del coneixement local, incidir en la sustentabilitat, ja que els nivells de producció són molt incipients, cosa que aguditza cada vegada més la gana. en aquests llocs. Als punts d'estudi esmentats, el projecte Vilas, implementat pel govern i els socis, havent arribat al final, no va deixar condicions per a la sostenibilitat. En alguns llocs com Chitima, el llogaret del desenvolupament del mil·lenni no va iniciar activitats i la finançadora, Hidroelèctrica Cahora Bassa, la va abandonar sense crear condicions perquè la comunitat gaudeixi de capacitats de subsistència. A Chibuto i Itoculo, les activitats del llogaret són discontÃnues, insostenibles i les inversions condicionades a l'inici del projecte ja no existeixen. El fet és que la inversió no va deixar cap requisit a través del qual la comunitat pugui dialogar cap al desenvolupament. Un altre fet, però, és que els mecanismes de comunicació, influïts per la ideologia marxista del partit en el poder des de la independència nacional, van estar sempre tancats, cosa que va dictar el fracà s dels pobles comunals, ara dinamitzats per una comunicació unidireccional que no crea pactes socials per no ser humanistes. A més, la implementació dels llogarets no va tenir com a objectiu arribar a les comunitats perquè no es va implementar sobre la base del dià leg i la comunitat no va ser part de les decisions sobre la seva implementació com una forma de definir criteris sobre el que s'ha de fer per aconseguir-ho . processos més dinà mics d'acord amb els interessos i les necessitats locals.Esta tesis discute las estrategias de comunicación del gobierno en la implementación de los modelos de desarrollo de Mozambique, como las aldeas de desarrollo del milenio implementadas por el gobierno de Mozambique desde 2006, tomando como ejemplo las aldeas comunales creadas en el perÃodo de la lucha armada por la liberación nacional., en 1964. El argumento central esbozado es que la base para el desarrollo de las comunidades rurales, asumidas como tradicionales y cuya estructura está guiada por las autoridades locales, es tomar como base sus identidades socioculturales y lingüÃsticas, asà como respetar a los lÃderes tradicionales capaces de influir en la Demanda judicial. La investigación se guió por el análisis de entrevistas en las aldeas de desarrollo del milenio de Chitima (creada en 2011), Chibuto (creada en 2006) e Itoculo (creada en 2009), buscando momentos históricos que caracterizaron la coyuntura socioeconómica y polÃtica de la paÃs que parte desde 1964 hasta 2020. Para ello, fue posible cruzar las diversas ideas que ayudaron en el análisis de las comunicaciones realizadas a través de conversaciones con especialistas de C4D que nos ayudaron a hacer una evaluación de los procesos de comunicación en todos los niveles capaces de influir en el desarrollo. Por otro lado, historiadores, ex pobladores de pueblos comunales, comunicadores de radios comunitarias, profesionales del CITT, ICS y FORCOM nos ayudaron a darnos el statu quo. Buscando los contextos de los distritos, realizamos conversatorios como una forma de evaluar qué condiciona el desarrollo de manera sostenible. Nos damos cuenta que la falta de información en estos lugares, de conocimientos técnicos y cientÃficos, deja a las comunidades sin condiciones capaces de, asociarse y/o a través del conocimiento local, incidir en la sustentabilidad, pues los niveles de producción son muy incipientes, lo que agudiza cada vez más el hambre. en estos lugares. En los puntos de estudio mencionados, el proyecto Vilas, implementado por el gobierno y los socios, habiendo llegado a su fin, no dejó condiciones para la sostenibilidad. En algunos lugares como Chitima, la aldea del desarrollo del milenio no inició actividades y la financiadora, Hidroeléctrica Cahora Bassa, la abandonó sin crear condiciones para que la comunidad goce de capacidades de subsistencia. En Chibuto e Itoculo, las actividades de la aldea son discontinuas, insostenibles y las inversiones condicionadas al inicio del proyecto ya no existen. El hecho es que la inversión no dejó ningún requisito a través del cual la comunidad pueda dialogar hacia el desarrollo. Otro hecho, sin embargo, es que los mecanismos de comunicación, influidos por la ideologÃa marxista del partido en el poder desde la independencia nacional, estuvieron siempre cerrados, lo que dictó el fracaso de los pueblos comunales, ahora dinamizados por una comunicación unidireccional que no crea pactos sociales por no ser humanistas. Además, la implementación de las aldeas no tuvo como objetivo llegar a las comunidades porque no se implementó sobre la base del diálogo y la comunidad no fue parte de las decisiones sobre su implementación como una forma de definir criterios sobre lo que se debe hacer para lograrlo. procesos más dinámicos de acuerdo a los intereses y necesidades locales.This thesis discusses the communication strategies of the government in the implementation of Mozambican development models, such as the millennium development villages implemented by the Mozambican government since 2006, taking as an example the communal villages created in the period of armed struggle for national liberation, in 1964. The central argument outlined is that the basis for the development of rural communities, assumed to be traditional and whose structure is guided by local authorities, is based on their socio-cultural and linguistic identities, as well as respecting traditional leaders capable of influencing the lawsuit. The research was guided by the analysis of interviews in the millennium development villages of Chitima (created in 2011), Chibuto (created in 2006) and Itoculo (created in 2009), looking for historical moments that characterized the socioeconomic and political situation of the country that starts from 1964 to 2020. To do this, it was possible to cross the various ideas that helped in the analysis of communications carried out through conversations with C4D specialists who helped us make an evaluation of communication processes at all levels capable of influencing development. On the other hand, historians, former residents of communal towns, community radio communicators, professionals from CITT, ICS and FORCOM helped us to give us the status quo. Looking for the contexts of the districts, we held talks as a way of evaluating what conditions development in a sustainable manner. We realize that the lack of information in these places, of technical and scientific knowledge, leaves the communities without conditions capable of associating and/or through local knowledge, influencing sustainability, since production levels are very incipient, which makes hunger more and more acute. in this places. In the mentioned study points, the Vilas project, implemented by the government and partners, having come to an end, left no conditions for sustainability. In some places such as Chitima, the millennium development village did not start activities and the financer, Hidroeléctrica Cahora Bassa, abandoned it without creating conditions for the community to enjoy subsistence capacities. In Chibuto and Itoculo, the activities of the village are discontinuous, unsustainable and the investments conditioned at the beginning of the project no longer exist. The fact is that the investment did not leave any requirement through which the community can dialogue towards development. Another fact, however, is that the communication mechanisms, influenced by the Marxist ideology of the party in power since national independence, were always closed, which dictated the failure of the communal towns, now energized by a one-way communication that did not creates social pacts for not being humanists. In addition, the implementation of the villages did not have the objective of reaching the communities because it was not implemented on the basis of dialogue and the community was not part of the decisions about its implementation as a way of defining criteria on what should be done to achieve it more dynamic processes according to local interests and needs
Developments in the Informal and Formal Sector
The aims of the study to understand developments in the Informal and Formal Sector. This study discusses about the development of the informal and formal sectors a theoretical review of the informal and formal sectors, the concept of the informal sector the development of the informal and formal sectors. The informal and formal sectors have been running with their respective growth. The informal sector is a buffer against the transformation of unbalanced labor structures. Included as external factors are: First, that the institutions that support modern formal economic activities. Second, the wage level gap. Discrimination in the level of wages, both by informal institutions, the bureaucracy and the environment of formal economic actors themselves also perpetuates the separation of the two sectors. Third, related to technical-political issues, where political actors do not pay attention to and understand the rapid development of modernization
Tuberculosis in Mozambique: Where Do We Stand?
Purpose of Review: Tuberculosis (TB) is a global health concern, and Mozambique is one of the few high burden tuberculosis countries where the estimated TB incidence has not improved in recent years. The objective of this review is to provide a snapshot of the current situation of the TB epidemic in Mozambique, highlighting the main epidemiological features and particularities of TB care and control in the country. Recent Findings: Despite several efforts aimed at improving diagnosis and treatment success, the overall burden of TB, HIV-TB, and multidrug-resistant (MDR)-TB is enormous, with high TB-associated mortality. Improving surveillance is a key step for understanding the TB epidemic in the country, and the first TB prevalence survey is underway. Overall, drug-sensitive and MDR-TB notifications have increased markedly over the last 5Â years, likely due in part to a more active case finding approaches, but the diagnosis gap is still substantial. The roll-out of Xpert technology to decentralized settings is improving TB diagnosis in the country, particularly for MDR-TB. Summary: Although some progress has been made in TB control in Mozambique, the challenges for TB control and elimination are enormous. More actively finding cases at health facilities and in communities via contact tracing, improving national surveillance/monitoring and evaluation systems, expanding TB molecular diagnosis, implementing shorter MDR-TB treatments, and improving HIV-TB case management (including rigorous TB screening and higher coverage of preventive therapies in people living with HIV) are considered key priorities for the National TB Control Program
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An Overview of the Policy and Market Landscape of Tobacco Production and Control in Mozambique.
Background: Tobacco growing has been considered a mainstay of Mozambique's economy, but there is a dearth of analysis of the tobacco policy landscape in the country. Methods: Review of government and non-government documents and academic papers addressing Mozambique's tobacco-growing history, the changes in the political economy of tobacco, and health policies addressing tobacco use and prevention of noncommunicable diseases. Results: Despite its tobacco growing and exporting history, the contribution of tobacco to the economy has been in steady decline in the past two decades, including in the areas dedicated to growing. At the same time there has been an increase in multinational control of the tobacco economy. In parallel, Mozambique's commitment to addressing the growing burden of noncommunicable disease and accession to the Framework Convention on Tobacco Control indicate a potential for internal government tensions to balance immediate economic interests with long term health goals. Conclusions: With the decline in tobacco share of the overall economy, Mozambique may be well-positioned to explore alternative, sustainable livelihoods for farmers that grow tobacco, but it must overcome inter-sectoral barriers and advocate for a whole of government approach to address the health and economic impact of tobacco
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