Research On Investment Orientation Of Listed Companies And The Demonstration Analysis Of It

As a newborn market, the environment of Chinese security market has taken great changes since the year 2001, which result in the profound changes in active model, investment strategies and operation ideas, etc. The investors begin to reconsider the active model of security market which is always controlled by price, and the determination of intrinsic value of securities has become the most important link.Based on the classical investment ideas of western investment popes and the applied condition of classical evaluation methods, this article extends the content of listed companies' price-determination, and gives systematic analysis of how to make investment orientations in Chinese security market. It mainly takes the research methods of theoretical analysis and demonstration research, combines the traditional financial indexes evaluation with factor analysis, and construct a factor evaluation model. In the end, this article gives some relevant suggestions on it.The investment orientation is studied in this article and the main contents are presented as follows.Part 1 refers to chapter 1. It provides a general introduction to the background of the Chinese security and the meaning of investment value of listed companies. It expands the importance to study the investment orientation of listed companies and the research method through the analysis of the background of Chinese security market.Part 2 gives a general view of foundation analysis and western theories. It includes chapter 3 and 4. The integrated research on investment orientation of listed companies should include the analysis of macro-economics, the analysis of industries and the analysis of companies. In this part, some theories are described in order to do the specific research, and some international experiences are provided for optimizing investment orientation of various investors.Part 3 includes chapter 4 and 5. It gives a systematical research of the analysis of industries and companies in foundation analysis. The point isthe analysis of usual methods of the investment evaluation of listed companies and the' utility and limitations in Chinese security market.Part 4 is the quantitative analysis of the investment value of listed companies, which is the chapter 6. Based on the analysis of qualitative analysis, starting from the traditional financial indexes, it constructs the factor evaluation model and sorts the listed companies according to the result of it. Through the contrast of practical situation, he outcome of the study shows, that the evaluation conclusion of factor evaluation is general correspond to objective situation. The evaluation score of each list company also exemplified the intrinsic value of itself completely.Part 5 is the last chapter. This part is the conclusion, which summarizes the research fruits of the whole article. It gives some suggestions, such as the investment unit to get the biggest investment efficiency, after analyzing the some limitations when doing the research.