Choose any two three stocks from Hong Kong and/or U.S. stock markets to form a portfolio. Check their two latest financial reports and, from the reports, explain which stock valuation model(s) may be suitable for a typical investor to use for estimating the future stock prices.

Justify your answers from the information you get from the reports, and third-party information sources as appropriate.

In your report, explain why it is appropriate to form a portfolio from these stocks. You may assume a budget of HK$5,000,000.

(2000 words)