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The Coal Industry Listed Company Investment Value Analysis

Posted on:2013-11-11Degree:MasterType:Thesis
Country:ChinaCandidate:L F ZhangFull Text:PDF
GTID:2249330377958126Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
China has become the world’s largest coal producer and consumer countries, coal is widely used in iron and steel, power, chemical and other industrial production and living areas. Although China’s coal demand growth gradually slowed down, but rich in coal but short of oil, less gas,"the energy structure of the basic position of coal in China’s primary energy supply and demand are difficult to change in quite a long time, the coal industry an important position in the economic and social development will not change.The coal industry is still a variety of investors to focus on the industry, the investment value of listed companies in its industry is particularly important. In view of this, the paper analyzes the findings of the investment value of listed companies at home and abroad, China’s securities market development, and to analyze the influencing factors of the investment value of the coal industry, and explore the establishment of a comprehensive evaluation method of the investment value of listed companies, investors’ investment strategies to provide effective reference value, with a strong practical significance.Based on the theory of value investing, fundamental analysis of securities investment analysis genre framework to start with, on the basis of the analysis of macroeconomic and in view of the industry, the introduction of factor analysis to construct the listed companies to invest in the Comprehensive Assessment System. Select the23listed coal companies as a sample, To explore the basic structure of the observational data from the internal role relationship between the14indicator variables.By a small number of hypothetical variables to reflect the structure of the data,Ultimately come to a comprehensive ranking of the investment value of listed companies in the coal industry, Respectively, compare with the market performance of the investment value, to determine investment strategy.
Keywords/Search Tags:Coal industry, Listed company, Investment value, Factor analysis
PDF Full Text Request
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