摘要
中国彩票业的销量已达到相当规模,并且保持高速增长的态势,但也存在不确定性,投资于彩票业上游产业的上市公司股票可以分享到因中国彩票业发展而取得的收益,同时也要承担相应的风险。文章通过研究某些外生重大事件对H股彩票板块类股票的市场表现的影响,考察彩票板块类股票的投资价值。我们发现上市公司涉足彩票行业能够为投资者带来正收益,投资者也会在短期内追捧相关上市公司的股票。对于负面消息的影响,相关上市公司股价的表现具有很强的敏感性。随着内地彩票行业政策、法律和法规日益规范,涉及内地彩票行业的股票具有投资价值,值得QDII基金尤其是小盘型基金关注,但投资者需要关注其中的政策性风险,谨防炒作。
Sales of lottery in China have reached a high scale and maintained a momentum of rapid increase,but not without uncertainties.Investment in the stock of listed companies concerning lottery will gain benefits owing to the development of the lottery in China and also suffer losses due to risks involved.This paper researches into the investment value of stock in lottery plate in H stock market by investigating the impact on the market behavior of stocks in lottery plate by outer incidences.We have found： Listed companies＇ dabbling lottery industry will bring net gain for investors and investors also will run after the stock of these companies in short run.The stock prices of these companies show great sensitivity to negative news.With increasing standardization of the policies and laws relevant to the lottery industry in China,stocks involving the lottery industry in China possess investment value and are worth being followed with interest by QDII funds,especially the small cap ones.However,investors should pay attention to the risk of relevant policies and guard against speculating.
出处
《上海师范大学学报（哲学社会科学版）》
CSSCI
北大核心
2011年第3期24-31,共8页
Journal of Shanghai Normal University(Philosophy & Social Sciences Edition)
