Posted by Ong Wee Ming > 2013-06-30 13:19 | Report Abuse

ya so short term tp is how much?

Posted by 120453 > 2013-06-30 13:35 | Report Abuse

Drachen, there must be reason why 'someone' pushed the price down to 1.8+ after announcement of Q3 result. 4 over millions shares traded? Where to find 4m per day? Something in the cooking n I foresee next 3 months will be very interesting, comes Q4 n financial year result. It's either bonus issue or big dividend. Current price is just too attractive, PE of 5.

Posted by 120453 > 2013-06-30 13:42 | Report Abuse

Rhb research recommend 'buy' with tp @ 3.66

Posted by 120453 > 2013-06-30 14:29 | Report Abuse

Super good profits this year, weaken rm good for export benefit prolexus, china plant OEM Nike products with strong sales, cash in hand rm28m+ ( rm0.80 per share). Just wait for the turbo to re-start n fly.

Posted by 120453 > 2013-06-30 16:27 | Report Abuse

Cornered stock with very small public float. Buy while its still very cheap @ < 1.90. Once turbo start, difficult to buy.

Posted by sephiroth > 2013-06-30 16:54 | Report Abuse

small share base, very easy to push up or down aka manipulate

Posted by Drachen > 2013-07-01 09:19 | Report Abuse

RSI sell signal has just been triggered.
CCI sell signal triggered on Friday.
MACD sell signal triggered on Tuesday.
Let's see if there will be a free fall today.

Posted by 120453 > 2013-07-01 14:00 | Report Abuse

Today T+4 > 4m share, if price not drop, turbo will re-start.

Posted by sean > 2013-07-01 14:43 | Report Abuse

wait to go in

Posted by 120453 > 2013-07-01 16:15 | Report Abuse

Good. T+4 4m shares mostly picked up. Turbo re-charged. Good luck.

Posted by 120453 > 2013-07-01 21:42 | Report Abuse

> 4m shares fully picked /absorbed. Let's see the turbo engine re-start.

Posted by cheah6638 > 2013-07-01 21:42 | Report Abuse

Price is holding well, for now.

Posted by Ooi Teik Bee > 2013-07-01 21:49 | Report Abuse

Dear Cheah6638,

Looking at your post, your knowledge on stock selection is very good.
Keep up your good work.

Thank you.
Ooi

Posted by cheah6638 > 2013-07-01 21:53 | Report Abuse

I must thank Mr Ooi for his weekly gathering, learnt a lot from him and made some monies, too. Thank you very much, Mr Ooi.

Posted by Ooi Teik Bee > 2013-07-01 21:56 | Report Abuse

Dear Cheah6638,

I did not know that you are my student. Your posting impressed me.
Keep up your good work.

Thank you.
Ooi

Posted by mysterious99 > 2013-07-05 11:05 | Report Abuse

2.10 coming

Posted by cheah6638 > 2013-07-05 12:25 | Report Abuse

Dropped a lot from a high of RM2.46. Successfully made a U turn, charging up, from 2nd to 3rd gear...

Posted by lucky9922 > 2013-07-05 12:46 | Report Abuse

Turbo is come....

Posted by cheah6638 > 2013-07-05 20:42 | Report Abuse

Just Do It, back to RM2.46

Posted by timl > 2013-07-06 01:32 | Report Abuse

waited so long, finally it is back :D

Posted by Surin > 2013-07-10 12:28 | Report Abuse

Dropping now.. anybody know why?

Posted by timl > 2013-07-10 12:30 | Report Abuse

most probably taking profit? it shot up 20 sens d, need some time to recharge too :P

Posted by sean > 2013-07-10 13:39 | Report Abuse

let it rest for a while. accumulate first

Posted by 120453 > 2013-07-12 21:05 | Report Abuse

5 trading days closed above rm2. Good supports. Let's see next week can text 2.1 - 2.2. Good luck

Posted by Surin > 2013-07-18 23:03 | Report Abuse

It will start going north.. Fasten yr seatbelt

Posted by jcck79 > 2013-07-22 21:56 | Report Abuse

Book Value for last year RM 2.00, estimate the company growth at 20% this year the Book Value should be around RM 2.40, Current PE 7.9 (at RM 2.01), ROE 2012: 17 very interesting counter indeed. Correct me if i'm wrong.

Posted by timl > 2013-07-23 18:34 | Report Abuse

the current PE is 5.68 not 7.9

Posted by 120453 > 2013-07-23 19:51 | Report Abuse

Annualized PE should be <5. Anticipate super good next Q result to be released by September. Strong US $ will benefit next this quarter result plus huge cash in hand. Big dividend or bonus issue by September.

Posted by timl > 2013-07-26 09:13 | Report Abuse

what happened this 2 days?

Posted by jcck79 > 2013-07-26 12:13 | Report Abuse

nothing happen but under selling pressure only ;) throw more i need to pick up some at the bottom to average down

Posted by sean > 2013-07-26 15:03 | Report Abuse

technically down

Posted by timl > 2013-07-26 17:29 | Report Abuse

and the reason for the down? strong USD and weak asian currencies should benefits the company

Posted by 120453 > 2013-07-26 18:07 | Report Abuse

Unless the profits is bad which I doubt so. It will come anytime from now to play for Q4 n annual results. Baring any unforeseen circumstances, the co should report super good profits from msia n china biz, couple with weak rm. Just get ready for the next play. Good luck to all.

Posted by 120453 > 2013-07-26 23:45 | Report Abuse

Big announcement: prolexus proposed share split into 2 share of rm0.50 each., date to be determined later. Usually share split comes with: dividend/bonus issues. Lets see the turbo will restart next week.

Posted by jcck79 > 2013-07-27 09:51 | Report Abuse

Share split for this counter is good news as total share only 40 mill very easy to manipulate, by share split i guess this counter will be more stabilize but i will prefer to invest more when RSI is near 30 already bought at 2.05 previously need to average down.

Posted by 120453 > 2013-07-27 11:09 | Report Abuse

Previous 2 share splits with bonus issues; TDM n Pharmaniaga.. TDM bonus issue announced 1 month later after share split. Let's see whether prolexus also split with bonus issue.

Posted by 120453 > 2013-07-27 11:14 | Report Abuse

Something is happening otherwise no reason to split the share. This exercise create no value but cost incurred. Let's see what happens

Posted by Aizie > 2013-08-06 16:00 | Report Abuse

Coud be .. People selling to get some cash..

Posted by 120453 > 2013-08-08 14:48 | Report Abuse

Share split approved pending shareholders approval. Turbo engine due to start again plus Q4 result will be out next month. Expecting fantastic Q4 result, share split plus either bonus issues or big dividend. Good luck to all.

Posted by Wong Fockwah > 2013-08-18 22:02 | Report Abuse

Price prediction : RM3.00 (or RM1.50 after share split) on 31.12.2103
Reasons:
1. Strong balance sheet with tons of cash and minimal debt
2. Low PE/Low valuation - At a current price of RM2.00 per share & assuming a full year earnings of 35 sen for FY ending 31.7.2013, its P/E worked out to be 200/35 = 5.7, and assuming a fair PE ratio of 10 for this stock, its market price should be at least RM3.50
3. Future revenue in a upward trend
a. More than 70% of its products are exported to the US and the US economy is recovering. Unemployment is falling and more people are on the payroll. This means that consumption of consumer goods is going to increase. This is good for the company.
b. Its new production facility in China is expected to commence production in the 3rd quarter of 2103

Posted by acg_80 > 2013-08-19 03:27 | Report Abuse

Hi i am new to this forum, but i would like to state that this counters controllers do not allow much accumulation, and they do not allow traders in at this point, but it is a very interesting FA story, and when the powers that be decide that the TA needs to be pretty, it will move quickly. I have watched and participated in the daily price action for the last three months......i must say that it is interesting enough to keep an eye on.

Posted by ctyap > 2013-08-19 13:12 | Report Abuse

@Fockwah its profit margin quite low, ~5%. And to apply a PE ratio of 10 on a company with less than 100m market capital is unjustifiable.

Posted by timl > 2013-08-27 23:56 | Report Abuse

PER of 10 maybe high but it definitely worth more than its NTA of 2.12

Posted by musang_foxking > 2013-08-28 23:23 | Report Abuse

the profit and nta increase not because of significant increase in revenue...just a manipulation of accounting...because i didn't see anything big in the report that shows productivities or pace of the company increases!!!

Posted by nicole76 > 2013-08-29 10:43 | Report Abuse

Nice price to go in now ;) since it has touched above RM2

Posted by timl > 2013-09-05 01:26 | Report Abuse

share split approved.. can expect high volume soon :)

Posted by tjhldg > 2013-09-05 01:38 | Report Abuse

at this price.. just buy .. good FA counter manage by good and smart people ..

Posted by acg_80 > 2013-09-05 01:45 | Report Abuse

motor starting.....just not sure when......following everyday...accumulation, anybody dare, buy up the first and second resistance, the seller que withdraw.

Posted by acg_80 > 2013-09-05 02:01 | Report Abuse

Hope there is a good dividend announcement with the quarterly result, and i believe the result would be quite good because of the appreciating US economy and USD earnings. Ringgit started weakening in May.

Posted by acg_80 > 2013-09-05 13:13 | Report Abuse

Last One Hour from 11.00 am to 12.30 am , volume came in and buy vol high, price increase as well, lets hope this the start.