Posted by ccdev > 2013-12-10 14:07 | Report Abuse

@kingleecha

good earnings, low debt, still growing....so why is the mkt valuing this stock at low price?

Posted by ansonlee > 2013-12-10 14:13 | Report Abuse

Definitely yes. Just hold, i believe that next year will be a good return.

Posted by kingleecha > 2013-12-10 15:05 | Report Abuse

@ccdev There are three possible reasons.

First, just because got too many new investors. They just know to follow people, so the rich investors keep making deal at lower price and shocked the short-term and new investors.

Besides, there is a split policy 2:1 which make the EPS down much, so the PE become 10 instead of the accurate PE, 6.9. Please see my calculation in previous comments. =)

Anyway, ESOS is one of the major cause that this counter decrease dramatiscally, because they didnt click on the pdf in quarterly report. Like my friends, they didnt realise the company can give their staffs more than RM1.8 million through ESOS policy. But I think it's a good policy, since PRLEXUS will have a big business in FIFA 2014, so they needs their staffs to work very hard.

Posted by tkteoh80 > 2013-12-10 15:06 | Report Abuse

2013 2012
RM’000 RM’000
Revenue 66,560 49,300
Cost of sales (55,519) (40,527)
Gross profit 11,041 8,773
Other operating income 950 88
Administrative expenses (5,913) (2,487)
Selling and distribution expenses (2,055) (2,058)
Other operating expenses (125) (125)
Operating profit 3,898 4,316
Finance cost (53) (171)
Profit before taxation 3,845 4,145
Taxation (618) (135)
Profit for the period 3,227 4,010


谁知道Administrative expenses(5,913)花去那里？ 比去年季度多了大约2500。

Posted by i3i2i1 > 2013-12-10 15:20 | Report Abuse

@kingleecha: so what do you say, buy now or wait for tapering?
see http://klse.i3investor.com/servlets/fdnews/219197.jsp

Posted by kingleecha > 2013-12-10 15:29 | Report Abuse

yes. Hold it until next year, because next year profit will be increased more than 100%, I believe I can earn more than 100% next year! but now, I see many new investor lost many money in this counter, especially my friends..hahaha..

Main reason is
The company staffs are too strong!! You can compare his strongest competitor, Magni. The revenue increased so much compared to Magni revenue..What does it means? Only 1 answer!

I dare to say Prlexus will defeat his strongest competitor within 1 year, as the revenue increase so much, means that his strongest competitor, Magni earned less.

Second reason, Prlexus know how to tackle their own management team and staffs' heart, so they got strong management team, dont need to worry whether they can handle BIG business in 2014.

Posted by kingleecha > 2013-12-10 15:34 | Report Abuse

@i3i2i1, you can buy it from RM1 until RM2 to earn big in 2014. When the stock increase and many people panic buy, you sell it; when the stock decrease and many people panic sell, you buy it.

Posted by kingleecha > 2013-12-10 15:56 | Report Abuse

Besides, the stronger China will boost PRLEXUS more in future compared with the Magni in Vietnam market.

Posted by Fortunebull > 2013-12-10 16:11 | Report Abuse

Just buy and hold! I dont think this counter drop below rm1! Market value should be around rm2! Like i said its all depend on tide!

Posted by i3i2i1 > 2013-12-10 16:51 | Report Abuse

ok ok.. good, i will check when to buy in, still trying to get at lowest price as possible.. too scared as previous purchased have -ve returns :(

Posted by i3i2i1 > 2013-12-10 16:58 | Report Abuse

sorry, didnt check closely, can i know why today huge drop? 8.66%

Posted by i3i2i1 > 2013-12-10 17:00 | Report Abuse

and 13dec will have 3 cent div right?

Posted by kingleecha > 2013-12-10 17:00 | Report Abuse

I just can top up RM1k only..Not rich. =)

Posted by i3i2i1 > 2013-12-10 17:10 | Report Abuse

no worries, you will be rich

Posted by moneyhersteller > 2013-12-10 17:38 | Report Abuse

hey guys,I have did some analyst base on the margin btw year 2012 and 2013

Gross Profit Margin 17.80% -> 16.59%
Operating Profit Margin 8.75% -> 5.86%
Profit before tax 8.41% -> 5.78%
Profit after tax 8.13% -> 4.85%

As what we can see the margin ratio is decreasing in year 2013.
Anyways this is a potential counter but we shall see what will is gonna to happen on the next year.
At this moment, the price is not under my consideration.
Just some opinions.

Posted by 120453 > 2013-12-10 18:09 | Report Abuse

Sell. Director happily sold on 6/12/13 at highest price . . .

Posted by kingleecha > 2013-12-10 19:22 | Report Abuse

I understand finally. The split policy and ESOS policy reduced the EPS to make a wrong perception, so that the price can be decreased much, and then changes in Sub. S-hldr's Int. (29B) - Lau Boon Hwa who is NOT from the management team try to decrease the price more so they can buy more cheaper shares.

The main point is the investors forgot why he sells their shares and just because their shares will be decreased more, well this is not a good way, people sell, we buy; people buy, we sell.

like Fortunebull said, hold the shares tightly together to avoid lost, I can guarantee it will be more than RM2 next year according to my study.

Posted by Fortunebull > 2013-12-10 19:23 | Report Abuse

Get some special dividend too! Going exdate soon!

Posted by kingleecha > 2013-12-10 19:27 | Report Abuse

@moneyhersteller

you provided WRONG information,

Profit before tax --> from RM10,568,000 (2012) increased to RM 19,369,000 (2013)

Please show your calculation, how it could be a decrease?

Posted by Alan Tan > 2013-12-10 20:25 | Report Abuse

king u are right!

Posted by kinz > 2013-12-10 21:33 | Report Abuse

(all price count after adjusted from share split, not count in ESOS share )
1 yrs ago , price around 40-45cents
after company earn big money in 2012 , about EPS 20cents , share price increase to RM 1.20 .
IF company still can maintain 20cents EPS , maybe can reach RM 1.80 .
But if use latest Q report , annualize will be EPS 12 .
Let say i predict 2014 will get 15cents EPS , and management generous enough to give 5 cents dividend . i think share price should be around RM 1.20- RM 1.50 ..
*just my 2 cents . :P

Posted by Alan Tan > 2013-12-10 22:11 | Report Abuse

I tink after 13.12 and before 2014 must back to1.20 above! (don't believe)

Posted by moneyhersteller > 2013-12-10 23:01 | Report Abuse

@kingleecha

Just for your information,I made those calculation base on the quarter report in year 2013 and 2012. (3,845 and 4,145)
It's a comparison btw last year 1st quarter and this year 1st quarter.

Posted by kingleecha > 2013-12-11 08:09 | Report Abuse

@moneyhersteller,

First of all, Revenue increased RM 17260000 for the first quarter, not decreased, it's increased much.

Second, the profit more than RM1.8M had been shared to Prlexus staffs. Therefore, the profit will be reduced, just once time only in the first quarter. Cash flow is totally stable, RM 32 million available in company.

Posted by kingleecha > 2013-12-11 08:22 | Report Abuse

If you want to calculate the decreasing of profit in this year compared with last year, it's just 7% decreased.. It's still a nice result.

Posted by kingleecha > 2013-12-11 08:25 | Report Abuse

If you read the financial report carefully, the GROSS profit of first quarter in 2013 is RM11,041,000 compared with the first quarter in 2012, RM 8,773,000. It's a huge gain ?

The gross profit increase 25% ( 8773 increased to 11041) in the latest first quarter financial report.

Posted by kingleecha > 2013-12-11 08:42 | Report Abuse

Although already provided the information, there still got so many people queue to sell it, most probably the price is not good today, big earn to buy now.

Posted by kingleecha > 2013-12-11 08:44 | Report Abuse

Just got important reply from Prlexus!!!

As disclosed in page 9 of the interim report, the higher administrative expense was due to the recognition of the fair value on ESOS amounted to RM 1.845 million. This is a one-off expense for this financial year unless the Company grants the second tranche of ESOS to its employees. No decision has been made to issue the second tranche now, but under the ESOS By-Laws, it is always the discretion of the Company to grant ESOS as and when it deems fit.

Posted by i3i2i1 > 2013-12-11 08:45 | Report Abuse

so, today still on down trend?

Posted by wt222 > 2013-12-11 08:54 | Report Abuse

Excluding the one off recognition of ESOS (RM1.845M), their profit for this quarter should be ard RM5M, or EPS ard RM0.067. Assuming their results to be consistent in the coming quarters, the projected full year EPS shall be ard RM0.26 (PE less than 5). Cash increased from RM26M (last quarter) to RM32M or ard RM0.4+ per share, basing on the enlarged paid up capital of RM74M (excluding treasure shares). At the current price level of RM1.16, it seems very attractive...

Posted by kingleecha > 2013-12-11 08:54 | Report Abuse

Really shocked when the 7% decrease of the profit made the share price dropped until 10%.

Posted by wt222 > 2013-12-11 08:56 | Report Abuse

If U read thru the report, their profit is indeed higher (RM5M), excluding the ESOS thing...

Posted by bravo8711 > 2013-12-11 09:02 | Report Abuse

worth to hold and accumulate....for long term investors....

Posted by kingleecha > 2013-12-11 09:02 | Report Abuse

today won't have a big deal, hold your shares tightly for a few days. It will be sharp increased soon, I believed!

Posted by kingleecha > 2013-12-11 09:05 | Report Abuse

For my long-term investors companion, dont need to follow people to sell on the same day. Let's hold our shares tightly, because this counter is earning in this first quarter, actually! Let's wait the price up together!

Posted by 120453 > 2013-12-11 09:40 | Report Abuse

Based on 0.034 EPS annualized PE of 6, prolexus share price should be rm0.82. SELL . . .

Posted by kingleecha > 2013-12-11 09:44 | Report Abuse

Based on 0.068 instead of 0.034 EPS!! Please read the split policy policy, the price should be RM1.3 and above. BUY...

Posted by kingleecha > 2013-12-11 09:46 | Report Abuse

It's ok..I also follow people buy on RM1.10, so many fresh investors in this counters, can make earning in this counter, but still want to lose money.

Posted by i3i2i1 > 2013-12-11 09:51 | Report Abuse

the charts seems shows going south..

Posted by kingleecha > 2013-12-11 09:56 | Report Abuse

Last time got people asked why admin expenses so high, then I wrote an email to PRLEXUS, they replied:

As disclosed in page 9 of the interim report, the higher administrative expense was due to the recognition of the fair value on ESOS amounted to RM 1.845 million. This is a one-off expense for this financial year unless the Company grants the second tranche of ESOS to its employees. No decision has been made to issue the second tranche now, but under the ESOS By-Laws, it is always the discretion of the Company to grant ESOS as and when it deems fit.

Just temporarily dropped. Just buy it if you have money.

Posted by wt222 > 2013-12-11 10:01 | Report Abuse

Kingleecha, good effort!!For a value investor, I will be happier if the price could drop lower...I can pay less and just keep it for 3-6 months...no worries

Posted by 120453 > 2013-12-11 10:05 | Report Abuse

Wt222, just wait. After ex for dividend, it will drop below rm1.

Posted by kingleecha > 2013-12-11 10:06 | Report Abuse

I worried many fresh investors like my friend, lost more than RM2000 in this good counter. After I explained to him, he cried..hhahaha..but lost money in this good company. buy at high, sell at low. some more, he bought many shares in this stock. pity to him.

LACK of confidence to his own stock..hhahaha..I also listen to my pro friend explained before I sell it. hahaaha.. :)

Posted by kingleecha > 2013-12-11 10:08 | Report Abuse

This 120453 keep sending threatening messages to people.

Posted by wt222 > 2013-12-11 10:11 | Report Abuse

120453 I hope so...come on baby...

Posted by kingleecha > 2013-12-11 10:17 | Report Abuse

This stock gave total of 0.09 cents in year 2013 compared with last year 0.03cents.

Posted by 120453 > 2013-12-11 10:19 | Report Abuse

King, I hold this share for quite sometimes, unlike you just bought. The share shot up fro 9.40+ cents (before split) to today 1.30 (after split). When profits were good, we complemented. But when the profits down ( even when rm is so weak), it still cannot capitalize on it, then its time to say good bye. Just imagine if rm strengthened n back to rm3.05 level, do you think it can maintain the profits? SELL . . .

Posted by 120453 > 2013-12-11 10:20 | Report Abuse

Sorry, the shares shot up from 0.40+ (before) split) to current level.

Posted by kingleecha > 2013-12-11 10:21 | Report Abuse

Profit decreased just 7% and you know reason?

I can say I hold it for more than 2 years, who knows?

Posted by kingleecha > 2013-12-11 10:21 | Report Abuse

Please study your homework and read my previous message,

If you read the financial report carefully, the GROSS profit of first quarter in 2013 is RM11,041,000 compared with the first quarter in 2012, RM 8,773,000. It's a huge gain ?

The gross profit increase 25% ( 8773 increased to 11041) in the latest first quarter financial report.