Sinwa (PE < 10)

Closing price on 23 May 08 = $0.33
EPS for 1 Qtr 08 = 1.12 cents vs 0.92 cents for 1Qtr 07
Forecasted EPS for FY08 = 1.12cents x 4 = 4.48 cents
NAV = 23.23 cents

Estimated PE ratio = $0.33 / $0.0448 = 7.37

* 2005 EPS = 3.47 cents
* 2006 EPS = 3.99 cents
* 2007 EPS = 3.63 cents

Disclaimer: The author takes no responsibility for any errors in the figures reported. Readers should note that certain assumptions were used in the calculation of the PE ratio.