The Investment Value Analysis And Research Of Electric Power Industry In Our Securities Business

On account of having been setting up and been consummating of our social democracy market economy system, the development of securities business is very fast. The investment and speculating of securities business makes its prices ragged. Some stocks are more and more expensive; others are more and more cheap. Our securities business is this vision that is ice and fire. So, how to scale the immanent value of stock reasonably and do investment decision-making correctly is an eternal task in the securities business.This thesis mainly analyze the investment value of dynamoelectric stock in our A securities business about the analysis of tradition. Firstly, the author analyzed the factors of infecting stock' prices and its investment value in macro economy, the essential thing of company, the national policy, the technical aspect and etc. Besides, the author generalized the basic means of investment, analyzed the close representation, and how to select the investment means in our securities business.Secondly, the thesis analyzed the position of our macro economy and development current of electric power industry, summarized the theory that affects securities investment value analysis importantly, set up macro phase's model of academic price and reasonable P/E about electric power industry in securities business in the basement of Williams' investment value theory, according to the phases or states of trade cycle, and analyzed investment value of electric power industry according as the departure of price and value.Finally, the thesis demonstrated investment value of our electric power industry. The thesis selected model in according to the phases of electrical trade, detruded academic price formula, gained academic price of electric power industry, and then analyzed actual investment value of electric power industry in according to comparing academic price and actual price of electric power industry.