Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe.
Since share price shot up so much recently, maybe there wll be another esos fair value adjustment? Although long term investors need not worry since this is non-cash and just accounting mumbo-jumbo.
now shark only want to accumulate at low price and goreng wait for qtr report out and world cup coming . hold hold until world cup just make final decision whether to hold or sell . before good news hold , after news start to sell off .
For QE31/4/2014, Prlexus's net profit increased by 168% q-o-q or 37% y-o-y to RM6.7 million while revenue increased by 27% q-o-q or 32% y-o-y to RM85 million. The q-o-q increase in revenue is mainly due to the increase in revenue of the garment division during the quarter. Profit increased q-o-q mainly due to increase in profits as a result of higher revenue from the garment division. Lower profit in the preceding quarter is mainly due to the recognition of fair value on ESOS.
With the impending world cup in Jun 2014 the Nike apparels should command a bigger market share and subsequently higher sales. Hence,greater profit in the following quarter.
Guy not to disappointed you but beware of the currency exchange drop on USD again MYR. As at 31 janaury there is alot of trade receivables inside the account. The drop in USD mean they will collect less than from debtor (in MYR), hence it will affect the profit. Other than that, last quarter there is some exchange gain in profit and loss account. This quarter unlikely to happen again and it will be forex loss insists of gain. So be prepare for a not very good quarter. Just my 2cents
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....
Alan Tan
390 posts
Posted by Alan Tan > 2014-04-10 21:26 | Report Abuse
stockking are u sure? why compare with perdana 没 la lang.same like magni pun ciak mui liao 了!