Research On Investment Value Of Gold Listed Companies

In the United States, Britain and other mature stock market, value investing is their mainstream investment philosophy. China's securities market has been only20years so far, highly speculative.With the people's living standards beneficialyl, People want to have more investment channels.But developing the economic, inflation Inflation is more and more serious.So, people want to invest more products,which can maintain the growth and appreciation, Therefore, investing gold is an inevitable choice. Investing gold stocks is one of the options.The international gold price is affected by the dollar, oil prices,political factors and other factors. So that the gold price becomes complicated and confusing.Investing gold stocks need to analyze more factors, more complex.This thesis takes investing ZHONGJIN GOLD CORP., LTD as an example,from a combinatiing research of theoretical study and practical application, Using the little to get the big,I Can explore and exchange ideas with more investors.The follows are the main contents of this paper:The frst part is introduction,which simply introduces the background of the research papers, and so on.In the second part, describes some basic value investing theory of the stock, Analyzes the investment approach in this article-relative valuation method and the moving average.The third part describes the ZHONGJIN GOLD CORP., LTD, including the three aspects of the course of development, range of operations, the controlling shareholder and actual controller and financial condition.The fourth chapter analyzes the fundamentals of the ZHONGJIN GOLD CORP., LTD, Including the macro-economy, the gold industry and company analysis. The fifth chapter analyzes the ZHONGJIN GOLD CORP., LTD's stock using the moving average,empirical analysising the Shanghai Composite Index, Shenzhen Component Index, and the ZHONGJIN GOLD CORP., LTD's stock with60-day moving average.Chapter VI values the ZHONGJIN GOLD CORP., LTD's stock,with relative valuation method of P/E ratio.estimating the price range of the ZHONGJIN GOLD CORP., LTD's stock.The sixth chapter explains the nvestment strategies and the specific recommendations.Specific operational recommendations are on how to avoid risks of the actual investment in the gold stocks.