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Transcription

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3 3

4 4

5

6 () [1998]12 (010) ( 939) ( ) , , % , % , %

7 QFII (R)QFII(R)QDII

8

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10 C 8 C http//bank.ecitic.com

11

12 B C 505 http// http//licaike.hexun.com/ c

13 18 8 HALO 4 8 HALO / B

14 SOHO C

15 SOHO E A E A D 21& A A http//

16 F F http// http// F B http// 16

17 A C

18 http// http// A 201 A TEOWEEHOWE

19 / A 3845 A

20 C

21 A A A A F F

22

23

24

25 200 39F F

26 A A01B01b

27 87 A A

28 A A

29

30 1 30

31 31

32 32

33 EG w EG + REG w REG + RG w RG + ROE w ROE + EROE w EROE + ROA w ROA + NAV w NAV W W EG REG W RG W ROE W EROE W W ROA NAV PE wpe + PB wpb + PS wps + PCF wpcf + EV / EBITDA wev/ EBITDA w w w w w PE PB PS PCF EV/EBITDA 33

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35 4 35

36 ( )

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41 1 (580001( ( (580005( ( ( A( C( A( C( A( B( ( (580009( A( (001322) ( ( A( C( (002561( A( B( A( C( A( C( A C

42 42

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44 1.50% 1.20% 0.80% % 7 0.5% 0.25% 71.5% 44

45 45

46 46