PRLEXUS will announce result in mar end. Should be from good to great. Time to collect more before it building momentum in next 3 weeks. March will exceed rm 2
Volume and price continue trending higher. Seem like rm 2 came earlier before result announcement. Downside limited but upside easily have 30% within 1 month
Dear All, I have the pleasure to append herewith the salient points and key financial ratios for Prolexus(stock name: prlexus) for your information.
Prolexus Rm1.75 · An established garment manufacturer(like Magni) with 5 factories in Malaysia (77%) and 1 factory in China (23%). Its garments include high quality sportswear, jacket and T-shirt. An ISO 9001 company, it has won numerous quality, accuracy and delivery awards. · 97% of its garments are for export market to countries such as US(71%), Europe(14%) and others(10%). It has many big international clients like Nike, Umbro, Parisian, Osukosh, Armour, Champion, KRU, Disney, Asics and Gear For Sports. · Established since 1976, its Malaysia factories are Honsin Apparel Sdn bhd(located at Batu Pahat), Plas Industries Sdn Bhd (Seberang Prai) and South East Garments Sdn Bhd (Seberang Prai) · Its ROE = 22% (very good management) · Its intrinsic value is Rm5.98. At its today share price of Rm1.75, it is trading at 75% discount to its intrinsic value. (valuation wise it is very cheap) · Its net profit margin of 7% and free cash flow margin of 1% show that it is in a very competitive garment industry. However, since the management teams are capable and efficient, they have been consistently fending off competitors. · Its net profit grows at 40% compounding per year over the last 5 years( It is in very strong business expansion which bodes well for us as growth and value investors) · Its PE of 8.4 and Neff ratio of 4.8 doubly confirm that its valuation is very cheap. · Its balance sheet is very healthy with net cash of Rm0.22/share. · While its business may be a bit boring like Magni, again it has passed most of Buffett’s tenets. In fact what I like most is its super growth cum very cheap valuation. · Lastly, as 97% of its products are for export market, the current continuous depreciation of Malaysia ringgit is going to benefit Prolexus significantly.
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....
apini
1,445 posts
Posted by apini > 2015-02-23 23:18 | Report Abuse
before new year I bought 1.63 but partially match. waiting for correction to buy more. if can't get then nasib. pasal low DY