What a beauty. The patient man will be rewarded.

Does anyone have any kind of data for plant utilization rates? I read somewhere that discounting the double plant expansion, Prolexus has been running close to max capacity. How true I say this? And figures? Thanks!

Enid888, this is why these are UPSIDE POTENTIAL. You have to anticipate them. If you wait for it to be in the news, the share price would have reacted already.

Now, these are not a given. Which is why you must also do a risk analysis and establish a sufficient margin of safety.

Very big disconnect lah between research house TP and the stock performance. The current stock price is over 20% below Bloomberg consensus. And Tenaga is not some obscure company...it's the second largest company in Malaysia by market cap! But alas I'm in for the long haul. Bought at 13.68, will hold until at least 16.50.

Hevea is considered one of the best furniture stocks though, and besides their focus is different from most of the rest. The best is yet to come from Hevea, that much I see certain. But in the near term there could always be a correction to ~1.42. No issue though,see the big picture. RM1.80 by year end.

Now I think no point cut loss already. Time to cut loss was on Monday at 1.42...now at ~1.36 the stock will be nearing the bottom. Hard to see the stock fall below 1.24. So the best thing is just hold and wait and even double down for the inevitable resurgence late this year/early next year.

nich0las, at 2.50 I tutup mata sell. Doesn't mean I will wait for that. Buy as long as the share price is going up and fundamentals are strong, I will ride...until 2.50. When fundamentals change, of course I may sell off at RM1.80-RM2.20.

Come ob lah, don't be so deft. RM1bil or USD300mil...these are just company targets to boost their employee morale and for management to aim for. As investors we should not pay any more attention than in passing to these targets. You are supposed to cover your self but taking care of margin of safety, not aim for the stars and fall into the deepest depths of the ocean.

Strong possibility that Hevea which was laggard in Q1-Q2 with declining share price will be a leader in Q3-Q4. If it hits RM2.50 by year's end I'm out. I bought it at RM1.29 a month or so ago.

Enjoy: http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=169049&bb=172500

Where is the HLIB report?

"At the same time, talks are continuing with six potential operators of the jets, including an Asian low-cost airline that would fly them in a 700-seat single-class layout, Chief Executive Officer Anselm Gehling said in an interview."

Is this AirAsia? Sounds like it!

https://www.bloomberg.com/news/articles/2017-07-03/breaker-s-yard-beckons-for-airbus-a380-if-new-homes-aren-t-found

Q4 report should be out within 3 weeks. How will it be? Can they get back on track or will costs keep eating into the margins? Ayuh, kita nantikan!

Considering the negative sentiment I might wait for this to go below RM1.28 before I buy. No hurry here.

NTA is NOT 1.36. Prolexus is bluffing as they use weighted average shares and also they include NCI, which is wrong. My actual computation of NTA is at RM1.24 using 172mil issued shares and discounting the NCI from owners equity.

Anyways, this is the research report from Aminvest.

https://www.amesecurities.com.my/gc/download/Prolexus%20170703.pdf

Can somebody please extract and share the report on Prolexus from AmE-Securities?

http://aspire.sharesinv.com.s3-ap-southeast-1.amazonaws.com/wp-content/uploads/2016/08/31104749/buffett-patience-quote.jpeg

If you must, buy some now, but keep some bullets if the price keeps dropping over the next few days. Unlikely today to hit a low, if you see past trend the weakness will persist for some days/weeks. The show is not over!

Who has jump in already? I am still waiting, cause the big funds are not able to unload so fast.

I am waiting for RM0.78 lah, I didn't ask others to wait till then. Now on already can be strongly considered. I just think it will fall a bit more, so I am not in any hurry. There are no near term catalysts around to turn around the sentiments surrounding the company and correspondingly its stock price.

Looks good, high ROE, low P/BV. Not bad.

Tomorrow morning if anyone has access to the AmE-Securities report on Prolexus please share here. They are the only research firm covering Prolexus. I most likely can't access them till lunch time, so will be good if someone else can share it just before the market opens.

Friends, let's try to predict open and close price for tomorrow.

Open: RM1.48, Close: RM1.45

So is it a positive/negative/neutral development for Tenaga sentiment wise? Was this one possible potential downside risk...meaning it is now out of the way, so the stock can re-rate upwards?

Yeah I know, 30% initially, but we don't know how soon/how fast they can ramp up production to increase utilization rates. Even the 30% initially is a question mark.

But just look around you...many younger and middle age people are becoming health conscious today. Surely the sports apparel market is on a secular upward trend for the mid to long term. Prolexus business should be secure, but it may take time to bear fruits and reach economics of scale at the new plants.

I share this quote by Charlie Munger about long-term investment orientation:

https://s-media-cache-ak0.pinimg.com/736x/27/77/b7/2777b75dbeec3bf4573290dbba305e9e--charlie-munger-gladiator-quotes.jpg

If you noticed the buy queue, it has been very thin in the past few weeks. I hope no doubt the stock will open below RM1.50...the question is, how long will the bearishness last? When to enter? RM1.45? RM1.40? RM1.35? I say RM1.45 should be a buy, and then average down. Unlikely to fall below RM1.35 as there is very strong support there.

Beautiful, be ready to start collecting. Mind you, this is the BEST fabrication yard in Malaysia. Healthy balance sheet unlike many other O&G companies. At 0.5X BV you should consider this seriously. I wait for RM0.78, but around now should be a good buy already. Make sure you have a long holding period though, and do not be afraid to average down if needed.

In Dec quarter, profit down 15% YoY and the stock opened 9 cents lower...walao eh, if on Monday can open again 9 cents lower, is BUY BUY BUY!!!

I got a feeling all the Shariah people who were holding to Prolexus waiting for a better price to sell off (those that buy above RM1.59) will have their hands forced on Monday.

Restated diluted EPS is at RM0.86 now vs RM2.49 YoY. That is a drastic decrease of 65%!

Alas I am still interested in the long-term plan of Prolexus. I will take RM1.45 as a buying opportunity, maybe up to RM1.48 (to give myself adequate margin of error).

It is true taxation hit the bottomline hard, but the topline as it were was also down by over 10%.

This is lovely. I so hope it goes down to RM1.45!!! Will seek to buy on weakness.

This company can rerate to RM3 even I think if their long-term profits are sustainable, and even if not, it should rerate to at least RM2. The rubberwood thing might be a positive catalyst.

Parkson was one a BURSA KLCI (most illustrious top 30 companies in Malaysia!). But how has it fell. Failed to transform with the times. If management just devoted RM20mil to developing a solid online platform for SEA and China, Parkson would be in a much better place.

Alas, the question now comes - do you see Parkson existing in 5 yrs time, or do you see them bungkus? This is the litmus test. If Parkson were to continue existing beyond the next 5 yrs, then the share price cannot remain at this level. It is simply impossible, cause Parkson will bungkus in 5 yrs time unless they can change course and reach sustained profitability.

My initial idea was to buy a RM0.64 when the macro sentiments were changing in April 2017 (positive macros for retail sales). The story hasn't changed. I said I will hold for 2 quarters. Now is just one quarter. No sell unless the story changes and the next quarter shows marked deterioration. At the same time I will refrain from doubling down and buying more. As Peter Lynch said, the only thing worse than buying a failing company, is doubling down on that investment as share prices tumble.

One issue I see with Prolexus that may hinder the upper range of the share price is the fact that there are 55mil unexercised warrants, which represent some 30% dilution to the current share base. So even if with the double plant expansion the revenue/profits rise by 30%, it will just be the "same thing". Not to mention FX is favourable to Prolexus in relation to last year...but if MYR continue strengthening then next year relative to this year will be an issue.

If don't out today...may get warning from SC/Bursa.

Management should use money to buy and take over plants in China and Vietnam and Bangladesh and Indonesia.

Please stop posting nonsense here man. Keep this to a discussion on Tenaga strictly.

Walao, wait to last day for report out. Good or bad sign? Or don't read too much into it?

What's the closing price guys?

Good to know for those who buy before dividend, can plus RM0.025 to compare to the value a month ago.

This one just yo yo lah. WTF. I remember three days after I buy it close at 1.42...then didn't last. Let's hope this time it stay here lor.

This might represent a good buying opportunity if you have a long, long holding period. Buy the shares now, subscribe to the Rights Issue...then forget about it for 5 years. By end of five years I am sure the company will have returned to good profitability, share price probably at RM1++, making you a handsome 2.5X returns.

Short term, the currents are against it. But long term I think the company should improve.

It will get re-rated, just needs a good quarter result and the expansions got to bear fruits.

EPF cari makan, cannot fight against the currents...

I look at financial statement. The huge increase in NAPS is due to UNIT TRUST investments. We know that this year the stock markets are very good, almost 20% returns for a global portfolio from Dec - April 2017. So...I will take that with a pinch of salt. As quickly as the UNIT TRUST value increase, it can decrease.

Today possibly bump up due to Magni

I think this time different. Look at the increase in the BV/share, and also at the ROE. Both are super high. I reckon if this type of performance is sustained going forward, Magni is undervalued. But of course, I haven't looked at the financial statement so I don't know if there's any caveats.

Khatul is crazy man.

Armada hold it till RM0.90 year end, minimum.

Walao eh, Magni whacked this out of the park. Will prl follow suit

Come on lah, results out today or tmrw. I need to buy something this week. Would be glorious to buy Prlexus on weakness, especially since the double plant expansion should come online within the next six months.

I think we should be going back to RM0.80 soon. Kraken risk is out of the way. Q1 results showed a turnaround that has worked. The only problem is the shaky oil price, which in and of itself shouldn't impact Armada much given the bulk of Armada's earnings come from fixed income FPSOs.

So lucky those who buy at RM0.67-RM0.68 last Thursday. Easy peasy 10-20% in one week awaits, if not more.