The Analysis Of The Investment Value Of Shenzhen Airport

In 2008, under the impact of the high international oil prices and the loan crisis of United States, the United States and the global economy have suffered from slowing down. In the complex background of China's high domestic inflation; the rise in the cost of production in companies; the continued increase in the value of the RMB; the decline in export growth; the size of non-lifting of the ban; government's effort to strengthen macro-control; the tightening of the money supply; the negative prediction toward the economic development of China, the Chinese A-share stock market suffered from a profound adjustment, not only resulting in the decline in the stock markets of the world, but also becoming the worst-performing stock market of the world. Shenzhen Airport, as a defensive type of infrastructure species (stock code: 000089) can not be an exception, stock prices have been decreasing. This paper has analyzed Shenzhen Airport's intrinsic value, and has discussed whether Shenzhen Airport is worth investing in the future.This paper will first analyze government's current macroeconomic trend and the development of A-shares on the current stock market. Second, based on fundamentals of industry analysis, the paper will analyze the Shenzhen Airport, the competition in the market and development prospects in-depth by using the SWOT analysis. Simultaneously, the paper will use basic financial analysis, such as comparative analysis, trend analysis, rate analysis, to analyze the company's financial position, operating results and cash flow. Third, the further analysis of the company and its holding company, independent accounting company and the major shareholding enterprise development status and future prospects, will display a panorama of Shenzhen Airport to investors, so that they can understand the Shenzhen Airport from unique and all-wave perspectives. Finally, the paper will forecast the investment value of Shenzhen Airport from the establishment and application of integrated model. Simultaneously, under the condition of a period of five years in which the investors expect to hold the stock of the company, the paper will reasonably forecast Shenzhen Airport stock prices at the end of 2008, and provide decision-making reference to investors.