by Hu Wai Kwok, Li Siyi. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 85-87). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Overview Of Fundamental Analysis --- p.1 / Valuation Approaches --- p.2 / Information Sources --- p.2 / Methodology --- p.2 / Chapter II. --- ANALYTICAL FRAMEWORK FOR COMMON STOCKS --- p.4 / Chapter III. --- ECONOMIC ANALYSIS --- p.5 / International And Domestic Economic Environment --- p.5 / Economic Forecasting --- p.6 / Chapter IV. --- INDUSTRY ANALYSIS --- p.9 / Industry Classification And Industry Life Cycle --- p.9 / The Economy And Industry Analysis --- p.10 / Porter's Five Competitive Forces --- p.11 / Industry Analysis Techniques --- p.12 / Information Sources For Industry Analysis --- p.13 / Chapter V. --- COMPANY ANALYSIS: MEASURING AND FORECASTING EARNINGS --- p.14 / Understanding The Financial Statements --- p.14 / Ratio Analysis --- p.15 / Influence of Accounting Practices --- p.17 / Capital Structure And Dividend Policy --- p.18 / Forecasting Earnings --- p.19 / Evaluation of The Management Strategy --- p.21 / Chapter VI. --- APPLIED VALUATION --- p.23 / Intrinsic Value Versus Market Price --- p.23 / Determination Of Intrinsic Value --- p.23 / Dividend Discount Models (DDM) --- p.23 / Free Cashflows To Equity Discount Models (FCFE) --- p.28 / Chapter VII. --- CASE STUDY --- p.31 / Company Background --- p.31 / Birth of Cheung Kong Infrastructure --- p.31 / The Restructuring --- p.31 / Business of CKl --- p.33 / Economic Analysis --- p.33 / China's Macroeconomic Environment --- p.34 / Regional Economic Conditions --- p.35 / Economic Forecasting --- p.37 / Industry Analysis --- p.37 / Industry Classification --- p.37 / The Economy And Industry Analysis --- p.38 / Industry Overview And Historical Performance --- p.38 / Porter's Five Forces --- p.43 / Industry Life Cycle --- p.45 / Hong Kong Construction Materials Industry --- p.46 / Company Analysis --- p.47 / CKI's Businesses --- p.47 / Company Strategy Analysis --- p.48 / Risk Factors --- p.50 / Financial And Operation Analysis --- p.51 / Forecasting And Valuation --- p.52 / Intrinsic Value vs. Market Price --- p.57 / Chapter VIII. --- SUMMARY --- p.59 / APPENDIX --- p.61 / BIBLIOGRAPHY --- p.85