Relative-valuation based investment stategies : evidence from China.

• Main Authors: Hong, Wai Chong., Lee, Royston Yit Kar., Liw, Nick Weijian.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/15276
• Institution: Nanyang Technological University

This study examines two investment strategies based on relative valuation using price-toearnings (PE) and price-to-book value (PB) multiples in China stock markets. The first investment strategy uses simple sorting of stocks according to their actual PE and PB multiples. The second strategy involve...