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Analysis of the Investment Value of the Lottery Plate Stock in Hong Kong Stock Market

MAO Xuncheng(College of Finance,Shanghai Normal University,Shanghai,200234,China)  
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.
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