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收到网友的询问：有没关于法国上市公司的研究报告．
我翻查了一下电脑资料，有一份不错的，挺详细的英文报告．
Citigroup 花旗——法国上市公司深度研究报告
Made in France：How To Load Your Children’s College Fund
(２５６页，够详细的) 2006.10.16 .pdf
Citigroup Global Markets | Equity Research
This is the third edition of our Made in France annual report.The aim of this piece is to give a broad picture of the key country characteristics from an investor’s point of view, to highlight some promising themes and to feature the best names to play these themes．．．．．
83002.pdf
(1.87 MB, 需要: 18 个论坛币)
Contents
Investment Summary 4
Ageing of the French population – How to play this theme? 10
The demographic factor 10
Internet: Where do we stand today? 17
Summary 17
Fundamentals appear healthy: 21
Update on Deregulation and Liberalization 35
French Telcos: Bundling matters to returns – Now 36
Who’s exposed to the Residential Segment? 38
Who’s pushing or being pushed in bundling? 39
Who’s best positioned? 40
Update on deregulation in the energy sector 45
French REITs legislation has triggered capital formation 47
French REITs (SIIC) introduced in 2003 47
IPOs really started in the last 12 months 47
SIIC 3 and ‘SIIC of SIIC’ could accelerate growth 48
Further Upside for French Commercial Property Values 49
Rents are going up 49
Yield compression to accelerate 50
Top pick: Silic 50
Focus on French Equity 51
Fund Flow Analysis 52
French Market Valuation 55
Focus on French Small Caps 60
Top picks 67
Large-cap favourites 67
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