by Lou Tak Meng, Yen Chiang, Raymond. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 74-76). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / Chapter / Chapter I --- introduction --- p.1 / Objective of the Project --- p.1 / Company Background --- p.2 / Chapter II --- METHODOLOGY --- p.4 / Literature Review --- p.4 / Chapter III --- industry analysis --- p.6 / Rivalry among Existing Competitors --- p.7 / Industry Growth Rate --- p.7 / Concentration and Balance of Competitors --- p.12 / Degree of Differentiation and Switching Costs --- p.13 / Threat of New Entrants --- p.13 / Economies of Scale --- p.14 / First Mover Advantages --- p.14 / Access to Channels of Distribution and Relationship --- p.14 / Threat of Substitute Products --- p.15 / Bargaining Power of Buyers --- p.16 / Bargaining Power of Suppliers --- p.17 / Conclusion --- p.18 / Chapter IV --- COMPANY ANALYSIS --- p.19 / Management and Their Ability --- p.19 / Successful Diversification --- p.19 / Strategic Alliance --- p.20 / Distribution Network --- p.22 / Relationship with Government --- p.23 / Critical Success Factor (CSF) --- p.23 / Chapter V --- ACCOUNTING ANALYSIS --- p.24 / Analysis of Significant Accounting Policies --- p.24 / Accounting for Inventory --- p.24 / Research and Development (R&D) Cost --- p.25 / Revenue Recognition --- p.25 / Analysis of the Quality of Disclosure --- p.26 / Disclosure of Business Strategy and Operating Performance --- p.26 / Disclosure of Notes to Accounts --- p.26 / Conclusion --- p.29 / Chapter VI --- FINANCIAL ANALYSIS --- p.30 / Return on Equity (ROE) --- p.30 / Profit Margin --- p.31 / Asset Turnover --- p.31 / Leverage --- p.31 / Comparative Analysis with the Competitor: Legend Holdings Company Limited --- p.32 / Profit Margin --- p.33 / Asset Turnover - Utilization of Assets --- p.37 / Financial Leverage --- p.40 / Cash Flow Analysis --- p.43 / Prediction of Distress --- p.49 / Conclusion --- p.50 / Chapter VII --- VALUATION OF STONE'S SHARE PRICE --- p.51 / Cost of Capital (WACC) --- p.51 / Cost of Equity --- p.51 / Cost of Debt --- p.54 / Weighted Average Cost of Capital (WACC) --- p.54 / Forecasting the Fair Market Value of Stone using Discounted Free Cash Flow Model --- p.55 / Book Valuation Method --- p.56 / Chapter VIII --- CONCLUSION --- p.57 / APPENDIXES --- p.58 / BIBLIOGRAPHY --- p.74

Yuan Shuo. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 49-53). / Abstracts in English and Chinese. / Chapter CHAPTER 1 --- Introduction --- p.1 / Chapter CHAPTER 2 --- Literature Review --- p.4 / Chapter 2.1 --- Worldwide IPO Underpricing --- p.4 / Chapter 2.2 --- IPO Underpricing in China --- p.10 / Chapter CHAPTER 3 --- New Explanations for IPO Underpricing --- p.12 / Chapter CHAPTER 4 --- "Data, Methodology and Empirical Results" --- p.15 / Chapter 4.1 --- Data --- p.15 / Chapter 4.2 --- Methodology --- p.19 / Chapter 4.3 --- Models and Empirical Results --- p.27 / Chapter 4.31 --- Underpricing Level Is Measured by the Percentage Difference Between the First Day's Closing Price and the Offer Price --- p.27 / Chapter 4.32 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Fifteen Trading Days' Closing Prices and the Offer Price --- p.34 / Chapter 4.33 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Seven Trading Days' Closing Prices and the Offer Price --- p.38 / Chapter 4.34 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Three Months' Closing Prices and the Offer Price. --- p.42 / Chapter CHAPTER 5 --- Conclusion --- p.47 / REFERENCE --- p.49 / APPENDIX 1 Detailed Regression Results --- p.54 / APPENDIX 2 The Issue Price and Stock Price Movement after IPO for Each Sample Firm --- p.70

Su Qian. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 66-70). / Abstracts in English and Chinese. / Abstract --- p."i,ii" / Acknowledgements --- p.iii / Table of Content --- p.iv / List of Tables and Figures --- p.v / List of Abbreviation --- p.vi / Chapter Chapter 1. --- Introduction --- p.1 / Chapter Chapter 2. --- Literature Review --- p.4 / Chapter 2.1 --- Benefits of Cross-listing --- p.4 / Chapter 2.2 --- The Price-discovery process of cross-listed stocks --- p.8 / Chapter 2.3 --- Previous studies on Chinese cross-listed stocks --- p.2 / Chapter Chapter 3. --- China Overseas Listing --- p.15 / Chapter 3.1 --- The history of overseas listing --- p.15 / Chapter 3.2 --- Methods of overseas listing --- p.17 / Chapter 3.3 --- The motivation for Chinese firms to list overseas --- p.18 / Chapter 3.4 --- The prospects of China Overseas listing --- p.21 / Chapter Chapter 4. --- Price-discovery contributions to China-backed stocks cross-listed on SEHK and NYSE --- p.23 / Chapter 4.1 --- Data --- p.23 / Chapter 4.2 --- Methodology --- p.25 / Chapter 4.3 --- Empirical Results and Interpretation --- p.31 / Chapter 4.4 --- Cross-Sectional analysis of NYSE contributions to the price-discovery process --- p.40 / Chapter Chapter 5. --- Price-discovery contributions to the cross-listed H share and A share --- p.45 / Chapter 5.1 --- Data and Sample details --- p.46 / Chapter 5.2 --- Methodology --- p.49 / Chapter 5.3 --- Empirical results and interpretation --- p.54 / Chapter 5.4 --- A brief analysis of cointegration determinants --- p.57 / Chapter 5.5 --- The cointegration between H share and A share- Daily analysis --- p.61 / Chapter Chapter 6. --- Conclusion --- p.64 / Reference --- p.66 / Tables --- p.71

by Kan Yat Cho Joe. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaf 82). / abstracts --- p.ii / table of contents --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENTS --- p.viii / Chapter / Chapter 1 --- introduction --- p.1 / Objective of Financial Statements --- p.1 / Users of Financial Statements --- p.2 / Chapter 2 --- METHODOLOGY OF STUDY --- p.5 / Selection Criteria --- p.5 / Analysis Approach --- p.7 / Results of Search for Target Company --- p.8 / Chapter 3 --- COMPANY BACKGROUND --- p.10 / Company History --- p.10 / Production Process --- p.12 / Company Structure --- p.14 / Operational Structure --- p.15 / Principal Products --- p.16 / Market Geography --- p.18 / Chapter 4 --- MARCO-ANALYSIS / The PRC Economy --- p.20 / The Steel Industry --- p.23 / Chapter 5 --- MICHAEL PORTER'S FIVE FORCES --- p.26 / Present Competition --- p.26 / Threat of New Entrants --- p.27 / Substitute Products --- p.28 / Bargaining Power of Suppliers --- p.28 / Bargaining Power of Customers --- p.29 / Chapter 6 --- RISK FACTORS / Risk Associated with the PRC --- p.30 / Risk Associated with the Steel Industry --- p.31 / Risk Associated with Magang --- p.32 / Chapter 7 --- FINANCIAL ANALYSIS / Evaluation of Accounting Policies --- p.34 / Adjustments to Financial Statements --- p.35 / Financial Ratio Analysis --- p.44 / Chapter 8 --- VALUATION / Calculation of Discount Rate --- p.58 / Asset and Liability Based Value --- p.61 / Price Earning Multiple --- p.64 / Dividend Growth Model --- p.66 / Discount Cashflow Model --- p.68 / Summary --- p.68 / Chapter 9 --- LIMITATION TO STUDY --- p.70 / Lack of Comprehensive and Accurate Data --- p.70 / Lack of Peer Data --- p.71 / Limited Listing Period --- p.71 / APPENDIX --- p.73 / BIBLIOGRAPHY --- p.82