ProX selling like a hotcake in Europe and US. Another 5 millions pieces of order book from overseas. Do your math. What would be the next quarter profit =)
Manufacturing price $6 USD per piece, $30 mil USD profit in coming quarter? Approximately RM120mil profit?? Are you serious? But I saw they registered in US FDA. Is your source reliable bro??
Tomyamgong, According to the seriousness of the pandemic, sources could be true. I remember you mentioned before Prlexus QR will be good last time before Prlexus price take off. Any comments on my source this time?
Posted by Kingston1 > Jan 10, 2021 12:23 AM | Report Abuse
ProX selling like a hotcake in Europe and US. Another 5 millions pieces of order book from overseas. Do your math. What would be the next quarter profit =)
These are the U.S. states and territories with mask mandates:
Alabama | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Guam | Hawaii | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Montana | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio |Oregon | Pennsylvania | Puerto Rico | Rhode Island | Texas | U.S. Virgin Islands | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming
These are the U.S. states and territories without mask mandates:
Come think of it, even limit up tomorrow, still cheap. If u annualised its last quarter’s profit.
RM15.2mil x 4 = RM60.8m Market cap = RM206m PER: 3.4x only !
If we apply 10x on the stock, which is still cheap, the Fair value of the stock could be RM3.29 !!
One may ask whether the profit is sustainable. I think yes because: 1. Their mask is sold worldwide. (Refer to my earlier comment). And wearing mask will be normal thing in life even after covid 2. Directors have been buying lately. If not profit not sustainable why bother buy the shares 3. Mask oversupply? Yes. But their stylish fabric mask is FDA-approved and unique in the sense of got extra protection etc. Please do some research about this if u are unsure.
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....
uncertainty93
238 posts
Posted by uncertainty93 > 2021-01-08 16:52 | Report Abuse
if only the momentum is like glove counters..but nvm, as long as going up back to my price..