请选择 进入手机版 | 继续访问电脑版
楼主: vbbill
1723 0

Merrill Lynch 美林:A股市场将形成V型走势 02.02  关闭 [推广有奖]

  • 0关注
  • 5粉丝

贵宾

总参谋长

学术权威

13%

还不是VIP/贵宾

-

威望
7
论坛币
424535 个
通用积分
3.4557
学术水平
12 点
热心指数
10 点
信用等级
7 点
经验
44931 点
帖子
1781
精华
9
在线时间
13 小时
注册时间
2005-4-23
最后登录
2018-9-28

vbbill 发表于 2007-2-6 12:11:00 |显示全部楼层 |坛友微信交流群
相似文件 换一批

+2 论坛币
k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群
赵安豆老师微信:zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

感谢您参与论坛问题回答

经管之家送您两个论坛币!

+2 论坛币
<P><STRONG><FONT face=黑体 size=6>Merrill Lynch 美林:A股市场将形成V型走势 </FONT></STRONG></P>
<P><STRONG><FONT face=黑体 size=6> 02.02    18页    英文   rar</FONT></STRONG></P>
<P><FONT size=3>Expect 20-30% correction in 1Q-2Q07 on possible 4Q06 earnings disappointment or government intervention Consensus estimates at 12%QoQ or 619%YoY for 4Q06 earnings seem overly optimistic. Besides, if A-share market doesn’t correct during results season and continue to rally strongly, it</FONT></P>
<P> </P>
<P> 89683.rar (198.41 KB, 需要: 4 个论坛币) 本附件包括:
  • Merrill Lynch 美林:A股市场将形成V型走势 02.02 18页 .pdf
<BR></P>
<P><FONT size=4>A share market rose by 130% during 2006 and by 140% since the beginning of 2006 - the strongest rally ever since the A-shares were introduced in the early 1990s, and much stronger than H-shares or MSCI China (Chart 3). In our view, the rally has been driven by earnings improvement.<BR>􀂄 Earnings averaged for all A-share companies bottomed out in 4Q05, and staged a remarkable rebound in the following quarters through 3Q06 (Chart 4);<BR>􀂄 True, earnings were strong even in 2003-2004, and A-share market rally back then was short-lived. This however can be explained by the following two factors:<BR>     Earnings growth started to trend downwards in 4Q03 after a brief acceleration, which is of course negative for the A-share market;<BR>     A-share market sentiment was hurt by the overhang of non-tradable share issue and financial difficulties of securities companies back then, both of which have now been resolved</FONT></P>
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

关键词:Merrill Merril Lynch A股市场 Lyn

您需要登录后才可以回帖 登录 | 我要注册

本版微信群
加好友,备注jr
拉您进交流群

京ICP备16021002-2号 京B2-20170662号 京公网安备 11010802022788号 论坛法律顾问:王进律师 知识产权保护声明   免责及隐私声明

GMT+8, 2024-5-20 17:55