Abstract

PPP (public-private-partnership) is a popular concept in current capital market, and PPP-related Stock index is sustained high due to the hot pursuit of invest capital, so that many investors actively look for suitable investment opportunities. Based on the financial data of 27 listed enterprises of PPP for the first three quarters of 2016, this paper uses the EBO model to make the empirical research on intrinsic values of these enterprises, and makes analysis combined with the trend of market price. The results show that first, the value of PPP-related stocks is overvalued; second, stocks price volatility is obvious; Third, there exists gradient difference about the deviation between stock’s price and intrinsic values. In order to have a long-term investment value, PPP-related stocks price should return to their intrinsic value.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call