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The Bank Of China Co., Ltd. Investment Value Analysis

Posted on:2012-05-05Degree:MasterType:Thesis
Country:ChinaCandidate:P XuFull Text:PDF
GTID:2249330377952698Subject:Accounting
Abstract/Summary:PDF Full Text Request
China’s economy has made a great development due to China’s30years reformand opening up which can not do without China’s financial industry’s development. InChina, the banking sector is still the core of financial market, so investors would liketo share fully in the outcome of China’s rapid economic development, investingbanking will be a good choice. This paper refers to previous research achievementsand tries to analyze the investment value of Bank of China from different angles, inorder to guide the investors to make correct and reasonable investment decision, anddiscuss the investment value analysis method which is suitable for China’s listedbanks’ characteristics.This thesis, with a large number of studies related outcomes at home and abroad,based on the collection of China’s banking sector, as well as Bank of China, under theguidance of the basic theory, using commercial bank investment value syntheticevaluation system and absolute/relative valuation methods for processing these datato analyze the obtained Bank of China operations and the valuation range.It first carries on investment environment analysis from macro environment,industry environment, and company profile three aspects. In the macro environmentanalysis, it utilizes the PEST Model from politics, economy, society and technical fourangles to carry on the analysis. In the industry environment analysis, it utilizes PortersFive Forces Model to carry on the analysis. In the company analysis, it analyzes Bankof China from its own situation, the organizational structure, the managementcharacteristic etc. Then it constructs the investment value comprehensive evaluationsystem of China’s listed banks. The research is conducted from profitability,risk-mange ability, development capabilities, operation capability, and market scalewhich are comprised of22indexes. Then it uses AHP to calculate out the weightmodulus of every index and sorts the present11listed commercial banks to determineBank of China’s status and value in China’s listed banks. At last it uses absolutevaluation method and relative valuation method to valuate Bank of China.This paper finally summarizes Bank of China’s investment value analysis resultthat its share price is in historical low region, and offers investment advice for theinvestors of BOC.
Keywords/Search Tags:investment value, comprehensive evaluation system, Analytic Hierarchy Process (AHP), absolute/relative valuation method
PDF Full Text Request
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