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在价值投资理念的熏陶下,投资者对上市公司市盈率、业绩等基本面因素的关注到了前所未有的地步。而随着03年年报披露工作的渐次展开,市场对于以价值投资理念为依托的年报业绩浪的憧憬也是越来越大。笔者预计:04年市场对价值蓝筹的挖掘更多的是参考上市公司基本面而逐步淡化行业的影响因素。这样一来,已经挤出不少水分的03年年报更具备可读性和参考价值,基于这一思路,我们选择了一家上市公司——白云机场,尤其是在经历了03年非典事件的风雨考验之后,我们有望从03年年报里面见到白云机场靓丽的彩虹。 一、凭借地理优势占据枢纽机场地位 白云机场以航空地面客货过港服务为主营业务,并配合客货代理、航空配套、场所出租、广告、商贸等航空主业相关的
Under the influence of the concept of value investing, investors pay more attention to the fundamentals, such as price-earnings ratio and performance of listed companies, to an unprecedented level. With the gradual opening up of the annual report disclosure in 2003, the market is also increasingly looking forward to the waves of annual reports that rely on the concept of value investment. The author expects: In 2004, the blue-chip value of the market to tap more is the reference to the fundamentals of listed companies and gradually dilute the impact of the industry factors. As a result, the 2003 annual report, which has already squeezed a lot of water, is more readable and valuable. Based on this idea, we have chosen a listed company, Baiyun Airport, especially in the aftermath of the 2003 SARS After the test, we are expecting to see the beautiful rainbow of Baiyun Airport from the 2003 annual report. First, take advantage of geographical advantages hub airport Baiyun Airport to air ground passenger and cargo over port services for the main business, and with the passenger and cargo agents, aviation facilities, rental venues, advertising, commerce and other aviation industry-related