Comparison of relative valuation ratios in the ASEAN-4 banking industry

Date of Publication

2017

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Catherine Almonte

Defense Panel Member

Ray Almonares

Edralin, Lim

Abstract/Summary

Stock trading is one of the most common forms of investment. Traders have come up with different ways in which they can maximize their investments and gain high returns. Fundamental analysis is a primary example of this, as it uses ratios derived from a listed firm financial data and performance to assess its future stock return. The idea is that low valuation ratios result in an increase on future stock returns. In this study, the researchers aimed to investigate whether the price to sales, price to earnings, and price to book ratios do in fact aid in analyzing stock returns. The group also procured four ASEAN countries to test whether such ratios are significant in similar economies. Results showed only one out of the four countries deemed all ratios significant. Furthermore, the expected negative relationship between the ratios and stock returns were not met by all countries. The researchers believe these results are caused by different external and internal factors which impact the industry and in turn, the firms factors of which were not considered in the regressions.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU19978

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

138, 6 leaves : illustrations (some color) ; 28 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Stocks--Rate of return; Price-earnings ratio-- Southeast Asia

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