kingleecha, dont waste your effort here. Ppl will discover good stock eventually. Time would tell. Dont expect small fish here can jack up the price for your gain. Let us accumulate more during weakness
@miketyu, just have fun here, dont be serious. @ No, I predict next quarter result will not increase the share price until the director buy back and dividend be announced.
Posted by kcchongnz > Dec 16, 2013 05:37 PM | Report Abuse
Prolexus has good growth in revenue and earnings for the recent past few years. It is also not expensive. Below is what I have commented before on it. Since then its price has gone up considerably when you take into its adjusted price. I think the fundamentals still remain the same.
Posted by kcchongnz > Apr 9, 2013 05:22 PM | Report Abuse X
Prolexus A growth stock?
The table below shows the 6 years revenue and earnings of Prolexus for the financial years ending 30th June. It doesn’t show that it is a high growth company in terms of revenue. It made losses in 2006 through 2008. However, after the disposal of some loss making investment in 2008, Prolexus made a turnaround. Its revenue grew at a CAGR of 8% from 2009 to 2012. Its EBIT surged by 45% a year for the three years from 2009 to 2012. The growth in EBIT and net income last year was 90% and 80% respectively. That would qualify Prolexus as a high growth company. Thanks to the growth in its garment manufacturing.
Prolexus closed at 1.33 on 9th April 2013. With a EPS of 28 sen per share, the PE ratio is about 5 (<<10), PEG is also very low at 0.2(<<1), a P/B of 0.9 (<1.5), and a dividend yield of 2.3%. Hence Prolexus is not only a growth stock, it is also a value stock in every aspect.
A high growth stock has a major concern; that is if the growth adds value to the firm. Growth is considered shareholder value enhancing if the growth in earnings exceeds the weighted average cost of capital of the firm. With a return of total capital of 15.2% and ROE of 16.2% last year, it has clearly demonstrated that the growth is shareholder value enhancing.
For the half year ending 31/12/2012, Prolexus has already made a net profit of 22.3 sen per share, 64% more than the same period the previous year.
So is Prolexus a free lunch for investors; one with high growth and yet selling at a very cheap price?
negative thinking came out, very good , go to 0.97 but hope I'm wrong., because till now paper lost 1.32-1.05=270×90=24300ready meh tah han! Hope tomorrow can rebound a bit. Pe5 how can tai loh , u think China counter meh , pe1 pun orang tak mau betul tak lady and gentlemen
I believe that this counter gonna drop a lot soon. Ladies and gentlemen just keep your money and wait for the real timing to buy in again. Frankly say it's not the time to buy in now, the shares won't rebound within this few months until the announcement of the next quarter report. Please take note ! Put your money on others counter will be even better. Good luck.
Just to share... NIKE, INC. REPORTS FISCAL 2014 SECOND QUARTER RESULTS Highlights: - Revenues from continuing operations up 8 percent to $6.4 billion - Diluted earnings per share from continuing operations up 4 percent to $0.59 - Worldwide futures orders up 12 percent, 13 percent growth excluding currency changes - Inventories as of November 30, 2013 up 11 percent
If Prolexus Bhd continue to produce apparel for them and this is what NIKE predict their future order: (Ref: NIKE, INC. REPORTS FISCAL 2014 SECOND QUARTER RESULTS)
Futures Orders
As of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel scheduled for delivery from December 2013 through April 2014 totaled $10.4 billion, 12 percent higher than orders reported for the same period last year, and 13 percent higher on a currency neutral basis.*
Thus, I agree with most of the friends here, buy when the price is low and keep it till next quarter results and the ROI will be much better than any others investment.
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....
miketyu
464 posts
Posted by miketyu > 2013-12-16 22:33 | Report Abuse
waiting to top up after further drop