This chapter will make a conclusion from previous chapters’ results.

 
This is the price chart compare with Savills and FTSE all share index. From the picture, it discloses the daily price of Savills is lower than FTSE average share price, especially in the end of 2009.

The report recommendations
報(bào)告建議
http://www.400190.com/dissertation_sample/

If the investors already own Savills Company stocks, hold these stocks.
Although the price of Savills stock is undervalued from top anticipated price, but Savills Company still hide some problems as: the mainly decided by the economic situation, low gearing ratio reflect the low working capital, revaluation of assets and the unclear figures in cash flow - investing activities. After all, year 2010 has a complex situation both outside and inside Savills Company.
如果投資者已經(jīng)擁有第一太平戴維斯公司股票，持有這些股票。
頂部預(yù)期價(jià)格雖然戴維斯股票的價(jià)格被低估，但第一太平戴維斯公司仍然隱藏著一些問(wèn)題：主要是受經(jīng)濟(jì)形勢(shì)決定，資產(chǎn)負(fù)債比率低，反映較低的營(yíng)運(yùn)資金，資產(chǎn)和現(xiàn)金流的數(shù)字不清楚重估 - 投資活動(dòng)。畢竟，2010年有一個(gè)復(fù)雜的外部和內(nèi)部第一太平戴維斯公司的情況。

If the investors have free capital, the recommendation is to buy the stock of Savills.

EPS Estimate Forecasts
EPS評(píng)估預(yù)測(cè)

Data from DataStream
From the chart, the highest EPS is in 2012 which suppose to reach at 24.45%, and it will grow up every year. And compare the peer companies, the EPS performance of Savills is overwhelmed than others. It shows that although in the economy bottom, Savills still have strong capacity to create profits in the next future.

Summary
摘要

For 2010 the key uncertainty is whether  will continue to a broader recovery in market values and activity during the year, or whether the specific market rallies which commenced in the second half of 2009 will prove to be short-lived. No doubtable, 2010 has started better than last year; however, Savills still cautious about the second half of the year for both UK residential and Asia Pacific markets, which contributed the most performance in 2009. This caution reflects the potential for market inertia around the UK General Election and uncertainty over whether the strong Chinese influenced markets in Asia can continue at 2009 levels. But as the positive sign of UK General selection and East Asia remain the strong recovery ability after crisis which Savills supposed, the share of Savills is worth to purchase.#p#分頁(yè)標(biāo)題#e#
對(duì)于2010年主要的不確定性是是否會(huì)繼續(xù)恢復(fù)到一個(gè)更廣闊的市場(chǎng)價(jià)值和活動(dòng)年內(nèi)，或特定的市場(chǎng)在2009年下半年開(kāi)始逢高是否將被證明是短命的。沒(méi)有值得懷疑的，2010年已經(jīng)開(kāi)始比去年更好，然而，第一太平戴維斯英國(guó)住宅和亞太市場(chǎng)，其中貢獻(xiàn)最大的表現(xiàn)在2009年的年下半年仍然持謹(jǐn)慎態(tài)度。這種謹(jǐn)慎的態(tài)度，反映了潛在的市場(chǎng)慣性周圍的英國(guó)大選和不確定性在強(qiáng)大的中國(guó)在亞洲市場(chǎng)的影響是否可以繼續(xù)在2009年的水平。但正如英國(guó)一般選用的積極跡象和東亞保持強(qiáng)大的恢復(fù)能力，危機(jī)后的第一太平戴維斯認(rèn)為，第一太平戴維斯的份額是值得購(gòu)買(mǎi)的。

Appendix 1

Appendix 2

Source from building societies association

Appendix 3

Appendix 4