Investment Value Analysis Of Sdicpower

With the notable economic growth of China during recent years, China as a rising industrialized country turns out to be the manufacturing base and the consumption center of the world. As the fundamental industry of the economic development, the business of electric power has fulfilled stable and significant development. Many electric power enterprises grasped the cherished historical opportunity to achieve the rapid growth in the capital market. Meanwhile, the considerable returns are generated from the investment into the electric power enterprises. With the maturity of China's securities market and the investors, value investment is becoming the mainstream, and it has been widely used in the investment analysis of the electricity industry.The thesis is composed of four chapters. In chapter I, the question is proposed, the domestic and oversea research achievement is introduced and the research direction is clarified. In Chapter II, the investment value analysis method of the listed companies is illustrated, and the main methods applied in this thesis are introduced. In Chapter III, the research subject of Sdicpower as well as its core competitive capacity is thoroughly analysis from the view of macro-economy, electricity industry and its counterparts, and the advantages at the fundamental of Sdicpower are derived. In Chapter IV, the evaluation analysis is conducted in the methods of relative evaluation and the absolute evaluation, and the suggestions of the long-swing and short-swing are put forward based on the actual market condition.The innovations of this thesis are listed as below:(1) The principal elements to influence the electric power enterprises, such as hours, electricity price, coal price and capital injection, are analyzed so as to locate the fundamental advantages of Sdicpower.(2) The detailed calculation is conducted during the application of the relative evaluation method and the absolute evaluation method, and the trading is analyzed based on the actual stock market condition during the correspondent period.