read here: partial shutdown also can made such huge profit:
The Group recorded a revenue of RM97.9 million in the current quarter compared to the corresponding quarter of the preceding financial year of RM111.9 million. The lower revenue is mainly due to lower delivery of apparel orders in the current quarter due to partial factory shutdown as a result of the Movement Control Order in Malaysia.
it may/can well rise further.. base on its financial results now supporting its share price.. previously there is no fundamental to support its price but now with the good results it will support higher prices.. insider also has been buying back the company shares... which is another good sign
EPS have never been so high. Every year also got dividend, this year should be higher, So >1 can be achieved easily as last year also more than that with much lower EPS.
yes, it has got the potential like scgm before scgm share price shoot up to RM 3...its earnings much higher than scgm.. now still cheap.. at 92 cents only..
Comfort, LKL, Supermx, HLT... they have made x7-10 times the initial price. I m pretty sure this one will fly also. Those use 4 months... This one might be the last boat to gain from Covid.
Prolexus group has aggressively responded to the unprecedented pandemic crisis by switching to OBM business model, focusing on functional facemask and personal protective apparels, a new emerging sportswear category.
In addition to its advanced anti-virus technology developed for textile application, the group continues its effort in the innovation of its own textile technologies to incessantly enhance its facemask features.
ProXmask protective features have passed the test conducted by various international and local accredited laboratories.
Backed by its continuous product innovation and improved operational efficiencies, Prolexus is set to explore new market boundaries aligned with the essential protective features against the pandemic.
With the challenges involved in the vaccine development, the pandemic is expected to stay for at least another two years.
The face mask has become a neccesity all around the world and the market of this product is immense. It is indeed a blue ocean market with high potential.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) PROLEXUS BERHAD
Particulars of substantial Securities Holder Name ENCIK TAUFIQ AHMAD @ AHMAD MUSTAPHA BIN GHAZALI Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 30 Sep 2020 569,000 Disposed Direct Interest Name of registered holder AmSec Nominees (Tempatan) Sdn Bhd Description of "Others" Type of Transaction 2 30 Sep 2020 20,000 Disposed Direct Interest Name of registered holder RHB Investment Bank Bhd Description of "Others" Type of Transaction 3 30 Sep 2020 1,858,605 Disposed Direct Interest Name of registered holder Alliancegroup Nominees (Tempatan) Sdn Bhd Description of "Others" Type of Transaction
Last time before LKL FLY , those shareholder and director also dumping their shares like no tomorrow what? then see what happened? people ask you not to buy , they themself will buy silently. when it fly, they laugh at you.
Correct drteh84. The same pattern repeating at 70 cent ++. 1 major shareholder dispose, price drop, then another shareholder buy later. Then price go much higher. I see the same pattern repeating. Expect some drop along the way, it will steadily up near next QR, then just spike just before & after.....hopefully lah.
yes you are right . With the Covid trend going on like this, it was expected to affect the world untill the end of 2021. Mask and gloves become essential.
This director bought lot at very low price.. he taking profit to spend I'm think is okay. Just calculate the their latest qr eps and the price now.. so far I cant find any stock cheaper than it .. It they can sustain this earning.. forward PE is lower than 2.. consider very low risk for me.
NTA 1.41 ... EPS 13.67 x 4 = 54.68 ( anualised ) current TTM PE = 9.72 PE x 5 = 2.73 PE x 10 = 5.57 If you said SCGM with TTM PE 25.02 .... this one shall not be so lag behind. It is a safe bet ...
COVID-19 | Health director-general Dr Noor Hisham Abdullah said Malaysia was probably experiencing a "new wave" as Covid-19 case numbers continued to climb.
"If we look at the chart, we have an increase in cases lately. That probably is the beginning of a new wave," he told a press conference today.
New Covid-19 case numbers reported today hit 260. The bulk of the cases (88) were detected in a jail in Kedah and was identified as the Tembok cluster, while another cluster in Sabah (74) involved only foreigners.
The number of new cases today was the highest registered since June 4. During the first wave of Covid-19 cases in March and April, daily figures were below 260 though at the time Malaysia's testing capabilities were below current levels.
Noor Hisham said the authorities were more experienced now in handling the Covid-19 outbreak but the onus was still on Malaysians to flatten the rate of infection by following government guidelines.
"So you can see the cases are increasing. If we can come together, we can make the impossible possible. We have done that before and we are going to do it again," he said.
The number of active Covid-19 cases today reached 1,334 which is at a level not seen since early June. Nine people died of Covid-19 in September, bringing the cumulative death toll to 136.
laychee.... the thing is this glove makes revenue up because they just raise the ASP... as for Prolexus.... the margin is good enough so what they need is volume .... No one will gurantee that its revenus will maintain and the margin will be here to stay .... BUt the risk reward ratio that this counter is cheap compare to other healthcare counter .... look at LKL, HLT and the likes people are crazy about them just because it used to hit limit up before so they hope it will hit again and gain and again and just ignoring the risk
Prolexus is shifting its business model from OEM to OBM through its own product creation. ProXmask is its very first. There could be more products to roll out from its growing R&D team soon. Revenue shot up in Q4 with just the 1st product alone.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alvin1188
191 posts
Posted by alvin1188 > 2020-09-30 12:52 | Report Abuse
this counter i will add more...