從現金流入手
我分析股票, 非常著重現金流, 因為P&L 只係會計手法得出黎的數據, 但卻支配住一個好常用的PE RATIO...只有利用現金流, 才能反映一間公司的價值.
今日睇一睇壹週(282)的報表, 發現自己走寶(都係怪自己懶), 現金流超強! 流動比率接近3, 台灣的業務信相會會帶動未來兩年的盈利增張, 好一隻現金牛, 未來兩年的派息會十分槺概! 現價合理, 但希望係4 蚊樓下買到, 5% 的股息回報及20%的上升目標.
Tuesday, February 07, 2006
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2 comments:
But i think P&L is also very important - the main pt is you have to study it in detail and breakdown the profit into operation profit / non- operation
profit.
E.g. a retail business rapidly develp shop in China --> may have increased in profit while drop in cash flow at the beginning which is used for increased inventory to support the increasing sales .
how you think ?
I understand, but just want to share the importance of cash flow.
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