| At the moment of rapid economic development in China,people's fortune is increasing rapidly as well,and how to maintain and appreciate assets has become a problem which is needed to solved.Stock market is another important investment path except real estate.However,though Chinese asset market achieved a rapid development in nearly 30 years,investment atmosphere in market is still strong,“downward speculation”,“new speculation”,“subject matter speculation”,“chasing after rise and fall” are common to see,market cannot be rid of strange circle of “short bull market and long bear market”,the climate of value investment hasn't formed effectively.However,the most function of capital market is value discovery and disposal of resources.As to effective and promising listing companies,market should give a highly price and value of assessment in order to make it refund more conveniently and more quickly for supporting company's better development;as to inefficient and bleak companies which will be abandoned by market and forced to improve efficiency or transform.Embodying value discovery of capital market and performance of disposal of resources and improving value investment idea of participants in capital market become an important round.The paper tries to take company valuation model of mature capital market to analyze the value of listing companies,evacuate company's investment value,publicize and spread value investment idea.The paper selected Accelink Technologies Co.,Ltd,the giant of optical module and optical chip in optical communication industry(brief as “Accelink Technologies”,stock code is “002281”)as research object,through quantitative analysis and qualitative analysis to make comprehensive assessment to internal value of Accelink Technologies.Firstly,it analyzed status,competitive pattern,future development space of optical communication industry of Accelink Technologies;next it analyzed position,merits and demerits of Accelink Technologies in the industry,analyzed and compared company's historic financial data from longitudinal and horizontal ways,and conducted that reasonable price range of Accelink is between 31.83RMB-36.00 RMB as investment reference for investors. |
PDF Full Text Request