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
報告建議
http://www.ttc-switch.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.
如果投資者已經擁有第一太平戴維斯公司股票，持有這些股票。
頂部預期價格雖然戴維斯股票的價格被低估，但第一太平戴維斯公司仍然隱藏著一些問題：主要是受經濟形勢決定，資產負債比率低，反映較低的營運資金，資產和現金流的數字不清楚重估 - 投資活動。畢竟，2010年有一個復雜的外部和內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評估預測

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#分頁標題#e#
對于2010年主要的不確定性是是否會繼續恢復到一個更廣闊的市場價值和活動年內，或特定的市場在2009年下半年開始逢高是否將被證明是短命的。沒有值得懷疑的，2010年已經開始比去年更好，然而，第一太平戴維斯英國住宅和亞太市場，其中貢獻最大的表現在2009年的年下半年仍然持謹慎態度。這種謹慎的態度，反映了潛在的市場慣性周圍的英國大選和不確定性在強大的中國在亞洲市場的影響是否可以繼續在2009年的水平。但正如英國一般選用的積極跡象和東亞保持強大的恢復能力，危機后的第一太平戴維斯認為，第一太平戴維斯的份額是值得購買的。

Appendix 1

Appendix 2

Source from building societies association

Appendix 3

Appendix 4