摘要
在中国，是否具有投资价值的上市公司，股票的价格是高还是低，是否具有理性的自我中国自证券市场建立以来，投资者将面临许多困惑：如何衡量上市公司科学合理的投资价值？如何在许多上市公司找到最合适的投资对象？投资者应准确把握上市公司的经营和财务状况，必须学会财务分析会计信息的使用。投资者对公司的情况只能定性分析选择投资目标，这往往是客观性和可测性费时和缺乏。我国已经成为世界上最大的煤炭生产国和消费国,煤炭广泛应用于钢铁、电力、化工等工业生产及居民生活领域。虽然我国对煤炭需求的增速逐步放缓,但是“富煤、缺油、少气”的能源结构决定了煤炭在我国一次能源供需中的基础地位在相当长时间内都难以改变,煤炭行业在国民经济和社会发展中的重要地位也不会改变。
关键词：煤炭行业;上市公司;投资价值;因子分析
Abstract
In Chinese, whether has the investment value of the listing Corporation, the stock price is high or low, whether to have the rational self Chinese since thestock market, investors will face a lot of confusion: how to measure the listing Corporation of scientific and reasonable investment value? How to find the most suitable investment object in many listing Corporation? Investors shouldaccurately grasp the listing Corporation’s business operation and financial status, must learn to use the financial analysis of accounting information.Investors choose investment targets for the qualitative analysis of the situation of the company only, this is often the objectivity and testability time-consuming and lack of. China has become the world’s largest producer and consumer of coal, coal used in steel, power, chemical and other industrial production andliving areas. Although China’s coal demand growth gradually slowed down, but the “energy structure is rich in coal, short of oil, less gas” determines the basic position of coal in China’s primary energy supply and demand are difficult to change in a long time, the important status of the coal industry in the national economy and social development will not change.
Keywords: coal industry; listing Corporation; investment value; factor analysis
目录
第1章绪论……………………………………………………………………………………………………….. 4
1.2研究的目的和意义…………………………………………………………………………………… 4
1.3国内外研究概况……………………………………………………………………………………… 5
1.3.1国外上市公司投资价值研究现状……………………………………………………….. 5
1.3.2国内上市公司投资价值研究现状……………………………………………………….. 6
1.3本文所要研究的内容……………………………………………………………………………….. 7
2、研究该上市公司投资价值分析目的及意义………………………………………………………….. 8
2投资价值的基本概念及理论……………………………………………………………………………. 8
2.1投资价值的基本概念……………………………………………………………………………….. 8
2.2投资价值的基本内容……………………………………………………………………………… 10
2.2.1内部因素…………………………………………………………………………………….. 10
2.2.2外部因素扩展开……………………………………………………………………………. 10
3该上市公司的投资价值分析……………………………………………………………………………… 12
3.1.1国内生产总值GDP……………………………………………………………………….. 12
3.1.2 通货膨胀……………………………………………………………………………………. 13
3.1.3利率…………………………………………………………………………………………… 13
3.1.4汇率…………………………………………………………………………………………… 14
3.2.1行业与经济周期……………………………………………………………………………. 16
3.3.1公司行业地位分析………………………………………………………………………… 17
3.3.2公司经济区位分析………………………………………………………………………… 17
3.3.3公司产品分析………………………………………………………………………………. 18
4对该上市公司投资价值分析的建议……………………………………………………………………. 19
4.1要关心时事………………………………………………………………………………………….. 19
4.2要选择上升波段的股票操作…………………………………………………………………….. 19
4.3从股权转让和银行贷款来看 ……………………………………………………………………. 20
4.4从对外投资和资产托管老看 ……………………………………………………………………. 20
4.5加强公司治理 ………………………………………………………………………………………. 21
4.6注意同业竞争 ………………………………………………………………………………………. 21
5我国主要煤炭行业上市公司及微软股份（000933）简介……………………… 22
6微软股份投资价值分析……………………………………………………………………………………. 22
7微软股份技术分析………………………………………………………………………………………….. 22
8结论…………………………………………………………………………………………………………….. 22
9参考文献………………………………………………………………………………………………………. 23
10致谢…………………………………………………………………………………………………………… 23
11附件…………………………………………………………………………………………………………… 24
