Me

本人小股民,马来西亚人,1982年出生,已婚,立志要在40岁前靠人赚钱(工作),钱赚钱(投资)及良好的财务规划累积到人生的第一桶金。本人初始投资资金为五万马币,投资时秉持基本分析与技术分析并用,并在此与大家分享,也同时记录投资和生活点滴,希望能以一个小股民的角色,达到每年CAGR 20%的严苛投资回酬要求,来激励及鼓舞世界各地的小投资者勇敢的追求财务自由。 欣赏的投资家计有冷眼,巴菲特,胡立阳等,最喜欢胡立阳的那句“新手怕急跌,老手怕盘跌,高手怕不跌”,时时警惕自己,暴跌时就是投资的最好时机了!心不难,事就不难!! 加油,加油!!

反向
【量少及市盈率5到12】
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成长
【净利润,现金及股息】
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时间
【沉稳,耐心及忍耐】
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财富


The Piotroski Score 股票评分方式

University of Chicago Accounting Professor, Joseph Piotroski reasoned that because value stocks are by definition often troubled companies, many will not possess the financial resources to recover. Consequently, Piotroski wondered if it was possible to improve the performance of a value stock portfolio by eliminating stocks that were the weakest financially.Piotroski devised a simple nine-criteria stock-scoring system for evaluating a stock’s financial strength that could be determined using data solely from financial statements.

One point was awarded for each test that a stock passed. Piotroski classed any stocks that scored eight or nine points as being the strongest stocks. His findings were that these strong stocks as a group outperformed a portfolio of all value stocks by 7.5% annually over a 20-year test period. Piotroski also found that weak stocks, scoring two points or fewer, were five times more likely to either go bankrupt or delist due to financial problems. First published in 2000, Piotroski’s scoring system has been found by a variety of researchers to throw up stocks that regularly outperform the market. Here’s how it’s calculated: Score one point if a stock passes each test and zero if it doesn’t. The maximum score is 9.

  • Net Income: Bottom line. Score 1 if last year net income is positive.
  • Operating Cash Flow: A better earnings gauge. Score 1 if last year cash flow is positive.
  • Return On Assets: Measures Profitability. Score 1 if last year ROA exceeds prior-year ROA.
  • Quality of Earnings: Warns of Accounting Tricks. Score 1 if last year operating cash flow exceeds net income.
  • Long-Term Debt vs. Assets: Is Debt decreasing? Score 1 if the ratio of long-term debt to assets is down from the year-ago value. (If LTD is zero but assets are increasing, score 1 anyway.)
  • Current Ratio: Measures increasing working capital. Score 1 if CR has increased from the prior year.
  • Shares Outstanding: A Measure of potential dilution. Score 1 if the number of shares outstanding is no greater than the year-ago figure.
  • Gross Margin: A measure of improving competitive position. Score 1 if full-year GM exceeds the prior-year GM.
  • Asset Turnover: Measures productivity. Score 1 if the percentage increase in sales exceeds the percentage increase in total assets.

Rating Sampling : http://www.grahaminvestor.com/screens/piotroski-scores/


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