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The Investment Value Analysis Of Listed Company Of Chinese Nonferrous Metals Trade

Posted on:2009-03-07Degree:MasterType:Thesis
Country:ChinaCandidate:T WangFull Text:PDF
GTID:2189360242982495Subject:Business Administration
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The nonferrous metals are national economy, people's daily life and the essential basic material of national defense industry , scientific technical development and important strategic materials. Agricultural modernization, industrial modernization, national defence and scientific and technical modernization can not all do without the nonferrous metals. It is predicted , it is the non-ferrous metals industry that realizes industrialized key period basically by 2020, the output of national nonferrous metals and volume of consumption are close to peak value basically, according to this inference, in the following several years, the demand and price for the nonferrous metals will run in a relative high position, to enterprises of the nonferrous metals trade, its achievement will maintain a high-order level over the next several years too, the investment value of the nonferrous metals trade is appeared suddenly thereupon too.Study investment, must understand the capital markets made the investment , will study the state of economic development soon, the stock market is the economic barometer, and a symbol of a national economic state of development. The Dow Jones index is regarded as the most important , most representative index of American security market, since more than one century , are witnessing the trials and hardships of U.S.A.'s economy. The tendency of Dow Jones Index is a epitome of U.S.A.'s economic development history! Equally, the stock market of China is a epitome of China's economic development too. The capital market of China is less than 20 years, during this period of time, the changes of following the national macro economic policy went through several rise and fall, under the stimulus of high-speed development of economy , have gone out of the massive quotations , can be found out from the past history both at home and abroad, the rise and decline of the capital market and situation of national economic development are closely bound up , the economy of our country is in the high-speed period for development now, there is reason to believe that the stock market of our country is in the ascendant too.The nonferrous metals are very important basic raw materials of industry, it is essential strategic resources in the country too, have very important positions in national economic development. The rareness of resources is and non-renewable, and global resources are in short supply continuously at present, indicate that resource energy , mineral resources and price of nonferrous metals will go up continuously in fluctuating. The main nonferrous metals product cost of international market has soared continuously for 3 years in succession from 2004, will achieve the new highest record in history in succession in 2007, the domestic and international nonferrous metals market price will continue running in the high position. Global nonferrous metals trade, the total trend is that an industry chain is more intact, it is prominent to monopolize the trend, the price of the nonferrous metals grows to even greater heights, the shortage of resources is prominent day by day, the horizontal competition is fiercer. China will set up the storage system of mineral resources, will utilize China's huge foreign exchange reserve, increase the reserve of national strategic resources. It is the first largest consumption country in the world on most metal in China, so we believe that China increase metal resources reserve and help the price of metal to keep relatively high-level for a long time.China is as the country with fastest-rising in GDP in the biggest developing country and the world, increase day by day as the global demand and function of the source of supply , is influencing the price level of the goods more and more, under the background of fact that global economy is expanded powerfully, the acceleration rate of China's economy is extraordinary and surprising , and the economic expansion dynamics of this one is more powerful than before, to commodity market, industrialization of China's economy , urbanization process, the construction of a large amount of infrastructure, promote the consumption demands of different industry raw materials in China constantly, become the most important point of growth of demand in the world too, thus formed very strong support to the price. In recent years, as the urbanization rate of China rises all the way, especially since the past 10 years, the trend appears and melts with higher speed, accelerating causing the powerful soaring consuming of urbanization process, the rising by a large margin of machinery , electron , luxurious consumption will make the demand for the nonferrous metals increase by a large margin .Copper industry is the important trade in the national economy. China is the main copper aluminium in the world to consume the country, its change of volume of consumption has greater influence power to stock and forward market of the world copper aluminium. The group company of the copper industry of Jiangxi is a super-huge integrated complex that the Chinese nonferrous metals trade incorporated complexion , selecting , smelting , adding of the copper into an organic whole, it is a trade tap of the copper trade of our country, company's mineral products resources reserve ranks first in the whole country, it is the biggest copper products production base and important sulphur industrial chemicals and gold and silver producing area of China, have China most heavy copper to process production base , form the China most heavy copper smelt the production scale already. The potential expansion in the future of the company is large, have scale advantage and technological advantage , and make use of these advantages to realize the expansion with higher speed of resources, have words right , the competitiveness advantage in the trade is obvious, invest in indispensable variety in the future, so give a recommendation.The aluminium is the indispensable basic raw materials in the national economy, used in the fields , such as building , packaging , communications and transportation , electricity ,etc. extensively. China's economic growth will keep the steady fast development , the demand for aluminium will not be weakened, especially the spaceflight , traffic field and demand of the urbanization building , the merger of the aluminium processing enterprise is strengthened , will enable investing in the temperature and continue increasing too. The company of Chinese aluminium industry is alumina of the largest scale in China and former aluminium operator, it is leading enterprises of the nonferrous metals plate, the second largest alumina manufacturer , the fourth largest former aluminium manufacturer in the world, technological advantage and resource advantage are obvious, control domestic most bauxite resources, the resource advantage of the upper reaches is outstanding , have intact industry chains. The advantage of the company embodies in specialization, integrates and internationalization of the company mainly, and combine through the trade, utilize and beg the platform where the enterprise recombinated , has realized the expansion with higher speed of resources rapidly, the resource advantage of the upper reaches is outstanding , in the trade leading position, the competitiveness advantage is obvious, invest in indispensable variety in the future , give a recommendation too too.Jiangxi copper industry(600362) and Chinese aluminium industry(601600) Chinese nonferrous metals trade copper aluminium trade is it invest in listed company of value to have most.
Keywords/Search Tags:Investment
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