The Effect of Dragon Steel Investment on The Value of China Steel Company
Date Issued
2009
Date
2009
Author(s)
Chen, Hua-Tsung
Abstract
In 2008, Lehman Brother declares closed. Iceland government announce that country went into bankruptcy. The global financial crisis is due to the sub-prime mortgage storm. All investors of the world are scared and lose their hope. Stand on the viewpoint of investor, we shift the rights of the stock by stock’s transaction and hold the stock because we only want to be a shareholder and have company’s interest. All interests of the shareholder are from the profit which earned by company. We must think what company are never collapsed which even through all economic crisis. We have to consider how the real value of the company is. China Steel company is the invested target in the thesis. We discuss the new situation of the international steel industry and analyze the strength and weak of the China Steel company when it face to the threat which make by china’s steel firms and others steel firm from East Asia. As the result, we make all hypotheses to be reasonable and use method of shareholder’s profit to value the China Steel company. The production of the Dragon Steel will not be surplus. We assume that Dragon Steel learn and copy China Steel company’s succeed experience. Finally, we find out the China Steel stock’s price which is NT.31.50 per share by use the forward yearly financial report which react to the expected earning of the Dragon Steel’s production.
Subjects
china steel
dragonsteel
valuation
investment
Type
thesis
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