An Investment Analysis Of Telling Communication Holding

"Telling Telecommunication Holding Company"(Telling Holding:Stock code: 00829) cames from previous"JiaXi GanNan Fruit Co.,Ltd"in Mar15th in the year of 2007.The main busines of Telling Holding is the mobile phone distribution which takes over 85%of the net profit of Telling.Telling Holding is keeping a quick growth with capital market.As the only pubic company in mobile phone distribution field, Telling Holding is valuable in researching on investment.The evaluation to the company bases on the fundamental anyalysis.The analysis of this article starts from the external environment of the Telling Holding,mainly focus on the economic environment,legal environment and financial environment whose influence takes a more important role in Telling Holding.Secondly,with stating the development of the mobile phone industry in China and the sales channel situation of mobile phone suppliers and detailed analysis to the Telling Holding in the field of mobile phone distribution,aims to get some valuable data as the reference of investment value analysis.Then this article also proceed to do a detailed fundamental analysis of Telling Holding,including sales analysis,finance analysis and main factors of the company development.Finally,this article apply and compare"discounter-cash-flow"model and"economic profit"model to evaluate Telling Holding base on above analysis.With comprehensive evaluation,Telling Holding worth RMB 11.6 each share.However,the closing price of Telling Holding of each share is RMB4.48 in Dec31st,2008.Conclusion of telling investment evalution:Reccommend.Investing suggestion:purchace.