Monday, April 20, 2009

Zhulian & Analabs

Let's compare for fun ...

Zhulian
Cash after Total Liabilities RM 0.13
Current asset include liquid security at market value after Total Liabilities RM 0.43
Current Share price RM 1.16

Analabs
Cash after Total Liabilities RM 0.26
Current asset include liquid security at market value after Total Liabilites RM 0.89
Current Share price RM 0.86

By Balance sheet comparison, it is obvious Analabs is more actractive than Zhulian.

How about earning. This is a little more tricky.
Analabs projected EPS will be at 18 sen per share.
Therefore it will be trading at PE of 4.8

For Zhulian to trade at PE 4.8 , its earning should be at 24 sen per share.
And even if Zhulian able to earn 24 sen per share, its balance sheet is still far less value compare to Analabs.

So, for Zhulian to be at par with Analabs value, either Zhulian must be able to earn more than 24 sen per share or Zhulian should trade at LOWER SHARE PRICE.

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