低值的股票 的英文怎麼說
中文拼音 [dīzhídegǔpiào]
低值的股票
英文
cats and dogs-
Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks
突出地表現在：資本市場服務于國企轉制，造成上市公司股權結構存在缺陷，致使公司治理失效，上市公司缺乏持續發展的能力，公司經營風險轉化為市場的系統性風險；政府對資本市場準入的行政性壟斷，形成上市公司「殼」價值，虛高股票市場價格，引發系統性風險；金融市場分割，特別是貨幣市場資金缺乏進入資本市場的正常渠道，利率市場化水平低，影響金融資產定價，導致違規融資盛行，加大了市場風險；而由於市場監管不到位，以散戶為主的投資主體結構，則易導致機構大戶利用內幕信息操縱股價，機構投資者的發展不僅沒有成為穩定市場的力量，反而成為操縱市場的主力，加劇了市場波動。With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible
本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。Upon the issue by the company of a share without par value, if an amount is stated in the memorandum to be authorized capital represented by such shares then each share shall be issued for no less than the appropriate proportion of such amount which shall constitue capital, otherwise the consideration in respect of the share constitutes capital to the extent designated by the directors and the excess constitutes surplus, except that the directors must designate as capital an amount of the consideration that is at least equal to the amount that the share is entitled to as preference, if any, in the assests of the company upon liquidation of the company
公司發行無面值股票后，如果在備忘錄中載明一個金額，該金額為此類股票代表的法定資本，則每隻股票應以不低於構成資本的金額的適當比例發行，否則股票發行的對價以董事指定的金額大小為準構成資本，超額部分則構成盈餘；除非董事必須指定對價的一個金額作為資本，該金額至少應等於公司清算時股票在公司資產中作為優先部分（如果有）的金額。How to measure net value of stock fund unit the discretion inside course of study of person of the same trade ? what is measured level
怎樣衡量股票基金單位凈值在同行業內的高低?衡量的標準是什麼To reduce the basis risk, this thesis offers a compound hedge policy on stock index futures and deduces the expressions of the hedge ratio in two instances when the cost is same or restricted. this paper analyses the investments of pension fund from 9 - 6 - 2003 to 7 - 10 - 2003, then it demonstrates the stock portfolio of pension found by the goal program model
為了降低套期保值交易的基點差風險，本文提出了利用多種股票指數期貨對股票組合進行復合套期保值的策略，並給出了套期保值成本相同和限制套期保值成本兩種情況下的套期保值率公式。You should therefore be prepared for any loss as a result of depreciation in the price of the shares. if you liquidate the shares in the market, the amount of cash recovered is likely to be less than the original amount invested
因此，您必須注意股票貶值可為您帶來的任何損失而當您在市場上沽售這些股票套現，所得款項可能遠低於最初投資的本金。Margin call amount of additional cash or securities that must be deposited in an account if equity falls below minimum margin maintenance level
追繳保證金通知當凈值低於最低保證金維持標準時必須存入的資金或股票。It is possible that their probate values were much lower than their actual market value : cash or near - cash, such as bank balances or stocks, were, on the other hand, invariably considered at full face value
他們的驗訖遺產值可能大大低於實際市場價，而另一方面，現金或準現金，如銀行結余或股票，總是以全額票面價值來衡量的。It accepts stocks that are lower in market value and traded less often than shares on the new york stock exchange
它接收低於市場價值的股票，而且交易頻率低於紐約股票交易市場。The three - factor model provides a substantially lower estimate of the risk premium for computer stocks than the capm
三因素模型比capm提供了明顯更低的對計算機股票風險溢價的估算值。One kind of legal mandatory focuses on the financial rations, such as equity insolvency test, balance sheet test, liability / asset ratio, and cash flow test. another kind of legal mandatory focuses on the " stated capital " and fixed - ratio reserves fund. i pay much attention to the issue of " which part of the value can be distributed "
接近之處在於：採用法定資本的概念，法定了最低注冊資本，強制計提資本公積金和盈餘公積金，以維護公示資本，並在公示資本之外增加對債權的擔保，以及限制實繳出資的分配，限制減資分配和股票回購，傾向于把可分配的價值限定於利潤、限定於資本的增值部分。Formula is : company stock is newest market price / every gain city is filled with company newest year leading is an analysis stock market price is high with low main index, it is a kind of method that measures a stock to invest value
公式為：公司股票最新市價/公司最新年度每股盈利市盈率是分析股票市價高與低的重要指標，是衡量股票投資價值的一種方法。Given the current liquidity conditions, we recommend staying in the market but adopting a defensive strategy of rotational buying, taking profits on overvalued stocks and switching into quality laggards
鑒于當前的流動性條件，我們建議留在市場中，但採取更為防禦性的輪動建倉策略，套現估值過高的股票，轉向優質低估個股。P / e ratio is a very important criteria to judge whether the stock market can grow continuously healthily, and whether the market has bubble. the high p / e ratio indicates that the stock price and real value break away from excessively, certain bubble exists on the stock market, at the same time the market has unrealistic expectation to the growth of the stock future profits ; low stock of p / e ratio might not be investor first - selection either, low p / e ratio demonstrates that investors have low expectation for the company ' s future growth, and the growth prospect of the listed company is not good
市盈率是判斷一個股票市場能否健康持續發展、是否具有泡沫的一個重要標準，在盈利水平一定的條件下，市盈率高低是由股票的價格決定，而影響股票價格的內在因素是股票的價值即受股票的必要收益率和股票的股利影響，過高的市盈率表明股價與實際價值過分脫離，股市存在一定的泡沫，同時也說明市場對股票未來收益的增長具有不切實際的期望。31a 1 percent return on the book - to - market factor means that stocks with a high book - to - market ratio provide a 1 percent higher return than those with a low ratio
31賬面值對市值因素的回報率的一個百分點意味著高賬面值對市值比率的股票比那些低比率的股票提供了高1 %的回報率。It tells me that either they are really sure their operations are going to turn around, or they are getting a bargain on the stock even if operations don ' t turn around quickly, due to the underlying value of their real estate
我認為，要麼是他們確實對自己運營的好轉抱有信心，要麼就是即使運營不可能迅速好轉，但鑒於他們的房地產所擁有的潛在價值，他們仍決定逢低購進自己的股票。Shenhua, which launched a 13 - day roadshow in asia, europe and the us last thursday, is likely to be priced at a discount to the valuations of international rivals a move that may entice investors to buy into the listing
神華上周四開始在亞洲、歐洲和美國進行為期13天的路演，發行定價可能低於其國際競爭對手的估值，此舉可能吸引投資人購買發行的股票。Mr. icahn has long argued that motorola stock was severely undervalued and that splitting off the cellphone division would improve shareholder returns. he believes it would unlock $ 20 billion in value
伊坎一直聲稱，摩托羅拉的股票估值過低，將手機部門分拆出去能提升給予股東的投資回報。他相信此舉能使股東價值提升200億美元。All stocks listed in hong kong, amex, nyse, nasdaq, japan, singapore and australia markets are eligible for margin financing " eligible stocks ", except for warrants, suspended, illiquid and " penny " stocks
所有香港、 amex 、 nyse 、 nasdaq 、日本、新加坡及澳洲上市的股票均可作為認可?展（融資）信貸抵押的股票（ 「認可股票」 ） ，而認股權證、停牌、交投量少、價值低的股票除外。After the stock market crash, millions of pounds were written off shares as their value fell below par
在股票市場總崩潰后，隨著股票的價值低於原票面價值，數百萬英鎊的股票帳面價值降低了。分享友人