Monday, January 12, 2009

评估ZHULIAN

COMPONENT ZHULIAN

Current Price 0.925
PAR VALUE 0.500
PER 5.380
DY 16.850
Market Cap 317,400,000.00
Current Assets 195,796,000.00
Cash & Securities 120,133,000.00
Stock 42,201,000.00
Deb / Receivable 32,975,000.00
Others 487,000.00
Current Liabilities 33,733,000.00
Total Net Assets 249,767,000.00
Land & Building 49,284,000.00
Plant & Machinery 15,507,000.00
Investments 22,913,000.00


Intangible Assets-

Long Term Assets
Shareholder's Fund 249,679,000.00
Long Term Liabilities 12,000.00
Issued Capital 172,500,000.00
Net Profit 58,927,000.00
Dividend Per Share 0.1550
Earning Per Share 0.1805
Intrinsic Value 15
PER 5.125
Net Tangible Assets Per Share
0.724
Return of Equity (ROE) 23.601%
Price Value Ratio (<1) 1.278
Dividend Yield 16.757%
Financial Year 2,007

强项:
若是公司保持盈利,5年内就能轻易回本。超高的ROE及16.757%的周息率实在很吸引人。这样的投资回酬率,已经远胜于把钱存在定期存款。

公司拥有1亿2千万令吉的现金;短期负债率也只有区区的3千374万令吉。

换句话说,公司只需动用其现金就足以偿还所有的短期债务。

2亿4968万令吉的股东基金相对只有1万2000令吉的长期负债,我想公司偿还债务的能力已经不必多谈了。

股价波动不大,属于冷门股项。不必担心被炒家操纵股价,只需耐心的等待公司的盈利增长和可观股息。

弱点:

股价与净有形资产的对比率高于1。显示股价已经反应出其内在价值,所以只能寄望公司逐步成长,才能抬高股价。

转载至水牛基金

Labels:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home

hit counter dreamweaver
hit counter script