Internship Report Stock Price Valuation of listed Banks in Dhaka Stock Exchange: Absolute and Relative Valuation Approach Exam Roll: 071001 Internship Report Stock Price Valuation of listed Banks in Dhaka Stock Exchange: Absolute and Relative Valuation Approach Prepared For Chairperson Internship Placement Committee Prepared By Exam Roll: 071001 Class ID: 830 4th Year‚ 8th Semester Batch Number:
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Chapter 1 – Introduction • Disclosure reduce monopoly power and enables potential entrants • Moved from historical cost accounting to current cost alternatives i. Value-in-use (discounted PV of future cash flows) ii. Fair value (exit value or opportunity cost) Flow of the Contents 1. Ideal Conditions ∼ ∼ 2. Economy where firm’s future cash flows and probabilities are known Asset and liability valuation is based on expected PV of future cash flows Adverse Selection
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from corporate acquisitions? Journal of Finance‚ 52(5)‚ 1765–1790. Loughran‚ T.‚ & Ritter‚ J. R. (1995). The New Issues Puzzle. Journal of Finance‚ 50(1)‚ 23–51. Lyon‚ J. D.‚ Barber‚ B. M.‚ & Tsai‚ C-H. (1999). Improved methods for tests of long-run abnormal stock returns Lys‚ L.‚ & Vincent‚ L. (1995). An analysis of value destruction in AT&T’s acquisition of NCR. Maquieira‚ C. P.‚ Megginson‚ W. L.‚ & Nail‚ L. (1998). Wealth creation versus wealth redistributions in pure stock-for-stock mergers‚ Journal
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focuses on the primary user groups‚ investors and creditors. Earnings‚ dividends‚ and stock prices are inextricably linked. Dividends are the cash flows that investors receive from dividend paying stocks. Managers think of cash dividends as being paid out of earnings. As such‚ the dividend discount model is equivalent to an earnings model. Predictive value is a major argument for the relevance of accounting information‚ and earnings appear to have value in predicting future dividends. Since the
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Notice and Limiting conditions 4 Valuation Approach 5 Industry Overview 6 The Assets Approach 7 * Adjusted Net Worth * Liquidation Value The Income Approach 8 * Financial Analysis * Discounted Future Earning * Capitalization of Income Method Summary of Valuation Methods 11 ------------------------------------------------- Important Notice & Limiting Conditions This business valuation report was designed to give an opinion
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Ratios……………………………….…22 Ratio Analysis and Forecast Financials……….…25 Financial Ratio Analysis……………………………..25 Forecast Analysis………………………………..………40 Valuation Analysis Method of Comparables……………………………….43 Discounted Cash Flow Model………………………..47 Discounted Residual Income Model…………..….48 Abnormal Earning Growth Model…………..…..49 Appendix………………………………………………………………..50 2 Executive Summary Investment Recommendaton: MGM MIRAGE (NYSE): MGG Date: April 1‚ 2005 SELL (due to overvaluation) 52 week
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for the first time‚ most investors will quickly discover the overwhelming number of valuation techniques available to them today. There are the simple to use ones‚ such as the comparable method‚ and there are the more involved methods‚ such as the discounted cash flow model. Which one should you use? Unfortunately‚ there is no one method that is best suited for every situation. Each stock is different‚ and each industry sector has unique properties that may require varying valuation approaches. The
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Business Analysis and Valuation: IFRS Edition Instructor’s Manual – Discussion Questions Palepu – Healy – Bernard – Peek 2 Instructor ’s Manual Dot-Com Crash-3 Instructor’s Manual – Discussion Questions Table of Contents Table of Contents...........................................................................................................3 Chapter 1 A Framework for Business Analysis Using Financial Statements................4 Chapter 2 Strategy Analysis.................
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Testing the relation between announcement date of didvidend and earnings in the stock exchange of Thailand 1.Research Objective The objective of this research is to examine the capital market reactions to a variety of combinations of simultaneous dividend and earnings announcements in the Stock Exchange of Thailand. To examine the effects on share prices of dividend per share and earnings per share by years. 2.Introduction Nowadays‚ there are many model on dividends has attacked the problem
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outperform the market and / or the uninformed trader. This study examined the extent to which some "information factors" or market indices affect the stock price. A model defined by Al-Tamimi (2007) was used to regress the variables (stock prices‚ earnings per share‚ gross domestic product‚ lending interest rate and foreign exchange rate) after testing for multicollinarity among the independent variables. The multicollinarity test revealed very strong correlation between gross domestic product and
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