(Update Oct-01-2009) Sold all CBAK shares today. I don’t want to hold it in this market. Took a small profit (about 3.5%).
(Original) Some background
As of Sept 28, the big brother BYD market cap HKD 140.9 b = USD 18.18 b; annual revenue RMB 26.788 b (Google finance HK: 1211)
the little brother China BAK Battery (Nasdaq:CBAK) has market cap of USD 242.3 m; annual revenue USD 245.35. More information on CBAK can also be seen at Yahoo Finance.
Note: BYD makes car and fabricate cell phones in addition to its battery busniess. So this is not compare apple to apple exactly. I believe BYD is better positioned and has first mover advantage. But stock-wise CBAK could be a better value.
