Due to unrealized loss on foreign exchange RM1.69m, eps become 3 cents, if not eps should be 5.28cents. Really bad luck......again......last time is SOS, this time forex.....
We forget about one thing. Most likely prolexus revenue will be low due to CNY festival during this quarter. Probably the employee production will be lower due to lesser number of working days during this period. Also, there is only 28 days in february. U can see the trend on every year. The revenue will b lower on Q3.
admin expense increase make sense...look at last quater...also same...the reason EPS drop : 1) compare to preceding quarter: lower revenue 2) compare to last year quarter : increase in admin expense , which cannot increase the revenue significantly...
Prolexus dropping today but magni up today!How to explain it?I don't so magni will so good result but anyhow, it will going to announcefinancial result and propose good dividen on 26 June 2014.
Don't think it will drop further as now is world cup season, Next quarter result will definitely bounce back. Don't know why got so many people panic selling. The price now 1.52 is pretty attractive!
For QE30/4/2014, Prlexus's net profit dropped 67% q-o-q by 17% y-o-y to RM2.2 million while revenue was mixed- dropped 37% q-o-q but rose 14% y-o-y to RM53 million. Revenue dropped q-o-q from RM84.4 million to RM53.3 million due to lower revenue from the garment division. Net profit dropped q-o-q due to lower revenue and unrealised forex loss of RM1.7 million as compared to a unrealised forex gain of RM2.2 million in QE31/1/2014.
Traditionally Q3 earning is week. Q3 2014= 3.01 sen, Q3 2013= 3.67sen Due to Chinese New Year holiday break in early February. In China they have at least 2 -3 weeks off.
cheap la. can shoot to 1.80 in 1-2 months back. overreaction..it's like vitrox last time. q results didn't hit target fell from 1.55 to 1.30..then no 2.30+ d. Chill, will bounce back, collected at 1.57, 1.54,1.52
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....
CCCL
621 posts
Posted by CCCL > 2014-06-23 20:51 | Report Abuse
Only contra play worry.