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The Case Study On Investment Value Of Vanke

Posted on:2014-05-06Degree:MasterType:Thesis
Country:ChinaCandidate:H B LiFull Text:PDF
GTID:2269330425964570Subject:Finance
Abstract/Summary:PDF Full Text Request
Foreign economist Benjamin Geleiemu, known as stock rational investment creator, once proposed such a view:in the stock market, the price fluctuations for each stock are very strongly speculative. That is, a moody market gentle. However, in the long run, the stock price will go back to its theory value. That is, the ability enterprise has to manage its assets and profit. At present, we can also cite many famous investors, who think rational investment as the best, such as Buffett. We are very clear that he is a staunch supporter of the concept of rational investment. This wizards in the stock market once said that Geleiemu’s concept will always be the foundation of the stock investment.Now let me take a look at our stock market in China. When talked about its development, we know that it has a history of nearly20years. Thanks to the help of our government, it has become a strong market, which has about1600companies. According to the relevant media reports, the total market value of China’s stock market has been among the forefront of the world. Although the stock issuing and trading volume in our country grow with each passing day, the construction of the related system and what we do to evaluate the listed companies’value is far from enough. Compared with the developed foreign markets, our country is lacking in many ways. This is the direct reason which contribute to the large fluctuation and the overestimate earnings in our market.In such a market environment, if a stock investors do not have a rational investment concept, he will be easy to become one member of the vulnerable groups. This part of crowd only knows that the stock is a speculative way to quickly earn money. But when asked how they can use it, they have no answer. Such persons not only tired about the stock price’s fluctuation, but also lose their wealth because of the little knowledge about the stock. So in order to make most of stock invest mentors not suffer from lose and to perfect our market, we must have a correct understanding of the value in the stock market. Based on it, I write this paper.The current research on the domestic industry is relatively mature compared to a few years ago, many firms will regularly introduce research reports from all walks of life, and make the investment analysis and recommendations on an industry or a plate. But most of the reports focus mainly on the industry analysis directly receive stock investment rating. Many analysis report only use macroscopic analysis of industry as the subject of the article, but not on the specific value of the investment company. There is no specific use of quantitative method to calculate the value of the company.My paper is innovation in following aspects relative to the industry research report. First focus more on the industry itself. Second in analysis of the macro industry, focus on internal industry listing corporation value analysis. Third through the analysis of the company fundamentals and historical financial data, To try to correct the forecast Ltd’s future performance. On this basis, predict the performance of The VanKe Real Estate Company. In the final analysis comprehensive App Co value assessment theory and model to calculate the theoretical value of the company, and the results are compared with the stock price of the company, to find out whether the stock is undervalued or overvalued.This paper is divided into the following parts:The first part is the introduction. It introduces the background of the topic selection, the purpose of this paper, adopted research contents and methods, main creative points and inadequacies.The second part is the analysis about the history and current situation of China’s real estate market. In this part we talked about the background of this introduction and point out the characteristics of it. The purpose is to make readers know something about the estate market.The third part is the VanKe Company profile. Our introduction about this company is in order to let readers have a basic impression on it. Then they can better understand the analysis in the following parts.The forth part is about the influence of the macroeconomic policy on Vanke Company.Besides, we also take a analysis on the strategic point of view in this company, which is called SWOT analysis.The fifth and the sixth part is the quantitative analysis of the investment value. From the beginning of finance reports of the company, we want to use data analysis to let investors know the operation in this company. Then we make use of the model called Discounted Cash Flow Model to evaluate the investment value of the company.The last part is the conclusion. It includes the related advice about the invest value of this company for a short time and a long run.
Keywords/Search Tags:industry analysis, company value, model estimation, valueevaluation
PDF Full Text Request
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