Posted by omnigunk > 2017-04-07 16:20 | Report Abuse

Funds just entered few days back, that is our support price.

Posted by weihan0914 > 2017-04-07 16:22 | Report Abuse

racing with MALAKOFF...

Posted by noah > 2017-04-07 16:44 | Report Abuse

Niki.
Talk based on fact please.
What makes you say that profit could decline?
The latest q profit is increase.

Posted by PlsGiveBonus > 2017-04-07 16:52 | Report Abuse

Jump in today
Wish me good luck

Posted by Jon Choivo > 2017-04-07 17:01 | Report Abuse

The real downside is see for next quarter is not much tbh, USD etc up.

But mid term, possible drop due to trump increasing tariffs. Or difficulty in obtaining labor. But otherwise, im quite comfortable with this company.

Posted by harvestent > 2017-04-07 17:44 | Report Abuse

gogogo usd up up up

Posted by Teoh Kian Koon > 2017-04-08 11:00 | Report Abuse

If i am not wrong their cash reserve has inc fr 105million to 119million recently.

Posted by Teoh Kian Koon > 2017-04-08 11:14 | Report Abuse

This is equivalent to 0.68s cash per share right? So 1.48 - 0.68 = 80s And With an eps of 15+sen This gives an implied PE of only 5.5 right? Hope this is correct. Will appreciate your comment.

Posted by nikicheong > 2017-04-08 12:28 | Report Abuse

Noah, I'm just saying it could face difficulties in the short term while waiting for the new mill/plant to come online. Not this immediate quarter, but the one after that.

Anyway, I invest based on a margin of safety. I've read Benjamin Graham/Seth Klarman/Warren Buffet. This is a promising company, which is why it is on my radar, but it is not "cheap" enough for me to buy with an adequate margin of safety. As the best value investors would say, the immediate aim of an investment is the safeguard of your capital.

Prolexus is still on my watchlist and is a buy when it retraces to RM1.36. That's all. I monitor a basket of stocks so when one door closes, another opens, no biggie.

Posted by bracoli > 2017-04-08 14:58 | Report Abuse

Niki any good counter to rekomenthe since u sounds so keng

Posted by Peggy M > 2017-04-08 16:36 | Report Abuse

Some info on prolexus.

http://politemarket.blogspot.my/2017/04/prolexus-bhd.html

Posted by nikicheong > 2017-04-08 18:51 | Report Abuse

You have to do your own research. Start by reading The Intelligent Investor and One Up On Wall Street

Posted by bracoli > 2017-04-08 19:00 | Report Abuse

Haha so u got no tipsmore but to comment here? R u acting

Posted by namaste > 2017-04-08 21:31 | Report Abuse

I just sold this stock some days ago because I thought it wasn't going to go anywhere. And now it suddenly decides to go up? Yau mou gau chor.........that's life i suppose.

Posted by R40s > 2017-04-08 22:18 | Report Abuse

namaste, patience is required for fundamental growth stocks like Prolexus...

Yes, your bad experience like this often happens to many investors including myself. One way to minimize such frustrating experience is that, when you lost patience, sell some but keep some and wait longer. Unless the stock's fundamentals turn weaker, don't sell all of your shares...

Posted by nikicheong > 2017-04-08 23:35 | Report Abuse

Namaste, to be a value investor you NEED a long term growth horizon. As long as you aren't making losses...you're already winning half the game.

Posted by Jon Choivo > 2017-04-09 21:06 | Report Abuse

I get what nicki is saying, if anything above 1.36 is too high for you, i understand. Valuation is an imperfect game after all.

Posted by R40s > 2017-04-09 23:34 | Report Abuse

It's a Catch-22 situation, if the next QR result show lower performance, then price should come down again to Rm1.36 or lower, but by then the valuation may also drop, and become less compelling still... But if the QR result is better, than price get higher some more, and become even more expensive to buy, and may become a frustration later.

So if we don't look at short-term ups and downs, look at longer-term future prospects instead, then the decisions to buy should become easier... Most investors can't buy at the lowest price, also, stock gurus say don't try to time the market...

Posted by R40s > 2017-04-09 23:59 | Report Abuse

The Q-o-Q results showed better performance despite concerns on UA's underperforming earlier, this may be due to UA's much smaller market share compared to Nike's, and Nike has shown increased performance lately, thus Nike's orders should be more than makeup UA's reduced orders...

Furthermore, latest economic data show that US and EU countries get better than expected GDP growth rates, this should translate into higher demands for Prolexus products...

Posted by dompeilee > 2017-04-10 09:12 | Report Abuse

FINALLY, after my contrarian entry in Dec @ 1.38, Prlexus pays off! :D

Posted by Dolly_Chai2 > 2017-04-10 10:25 | Report Abuse

well said R40s... if you value a share based on EV/EBIT (trailing 4 quarters), the intrinsic value may change from quarter to quarter...

Based on trailing 4 Qs (as at Q1 2017),
Assume EV/EBIT = 10, EV = 380.850M
Market Cap = 451.586M
Intrinsic value = RM2.5298/share
Margin of safety = 66.43% (if you buy at current price, you can possibly make such profit)

Based on Trailing 4Qs (as at Q2 2017), as the latest EBIT has improved,
Assume EV/EBIT = 10, EV = 402.430M
Market Cap = 479.952M
Intrinsic value = RM2.6887/share
Margin of safety = 76.89% (if you buy at current price, you can possibly make such profit)

nikicheong, i am not sure how you do ur valuations...

but based on my valuations above, do you think it is not cheap buying at current price?

Posted by rikki > 2017-04-10 10:35 | Report Abuse

Manulife emerged as a substantial shareholder of Prlexus after acquiring 8.67 million shares or a 5.03 % stake of the company. Post acquisition, the provider of asset management solutions for institutional investors and investment funds in key market around the world becomes the fourth- largest shareholder of the company.

Posted by PlsGiveBonus > 2017-04-10 11:38 | Report Abuse

:)

Posted by Dolly_Chai2 > 2017-04-10 12:26 | Report Abuse

dun worry PlsGiveBonus.. Mr Market will soon give you some bonus for investing in undervalued share like Prlexus.. haha

Posted by Yipman > 2017-04-10 14:11 | Report Abuse

base on history, PROLEXUS might announce dividend by end of this month. :) money money come.

Posted by crossroad > 2017-04-10 17:16 | Report Abuse

Got RM30 million share premium - hopefully directors will frank bonus shares, 1 for 3 or 1 for 4?? Go Go Go Prolexus!!

Posted by bracoli > 2017-04-10 17:36 | Report Abuse

already said, this Niki is a fake value investor. cannot give his analysis but to criticize.

Posted by kelingman > 2017-04-10 17:39 | Report Abuse

LOL bracoli ..
Niki looks like tradeview also. Tradeview in his own fantasy telegram group robot will take over apparels? com'on that would be looong time for it to happen ..
If anyone of u joined tradeview group, most of them is like same person.. LOL

Posted by Dylan Yong Hua Tai > 2017-04-10 19:07 | Report Abuse

first batch unload at 1.53

Posted by RexGB > 2017-04-11 08:51 | Report Abuse

Prlexus just formed golden cross. Very good.

Posted by Yipman > 2017-04-11 11:23 | Report Abuse

26 million shares will dilute into Prlexus by fund managers. currently daily volume is abt 1mil transaction. it's still long way to go up. next week target should go up to 1.65 level

Posted by weihan0914 > 2017-04-11 14:33 | Report Abuse

up up up~top up more

Posted by R40s > 2017-04-11 17:58 | Report Abuse

Today Manulife (Canada) and yesterday EPF both announced they bought some more Prolexus shares, now Manulife overtakes EPF with 5.27% : 5.21%, looks like both are still accumulating more Prolexus shares, ahead of the 2 new factories start-up by this year-end...

Posted by wayne 456 > 2017-04-12 10:27 | Report Abuse

a simple analysis on Prolexus

http://ericdreambig.blogspot.my/2017/04/prolexus-momentum-investing-or.html

Posted by king36 > 2017-04-12 11:11 | Report Abuse

Do u mind to share how u calculate Intrinsic vale from, EV & Market Cap?


Dolly_Chai2 well said R40s... if you value a share based on EV/EBIT (trailing 4 quarters), the intrinsic value may change from quarter to quarter...

Based on trailing 4 Qs (as at Q1 2017),
Assume EV/EBIT = 10, EV = 380.850M
Market Cap = 451.586M
Intrinsic value = RM2.5298/share
Margin of safety = 66.43% (if you buy at current price, you can possibly make such profit)

Posted by nikicheong > 2017-04-12 22:50 | Report Abuse

Dolly I am not sure about your calculations. You seem to have it valued higher than me (different method I suppose, plus I don't quite understand your methodology). I do have it at RM2.10, so for a 35% margin of safety I needed it at RM1.36.

But alas looks like I missed the boat (for now at least). Not the first time either, sadly. At the start of the year I almost bought Ekovest at RM2.38, in February I almost bought Chin Hin at RM0.89...and look where those stocks have flown now. Valuation is imperfect, and margin of safety is predicated on safety of capital rather than chasing sky high returns. I bought 5 stocks so far this year all using margin of safety principle, Bumi Armada is my best performer at 30%. Another three are all in positive territory (5-15% returns) while the fifth I just bought on Monday so it is too early to tell.

Posted by user > 2017-04-13 10:42 | Report Abuse

Overvalued stock, waiting for u turn.

Posted by Dolly_Chai2 > 2017-04-14 15:54 | Report Abuse

haha... dear "user"... do u even understand the meaning of "overvalued"... if yes, show me how you come up with this definition on Prlexus

Posted by Dolly_Chai2 > 2017-04-14 16:03 | Report Abuse

hi king36 & nikicheong.. let me share with u the breakdown of my calculation:

**sorry, i just found out a small error in calculation.. updated below (in fact, the intrinsic value becomes higher)

Based on Trailing 4Qs (as at Q2 2017), as the latest EBIT has improved,
Assume EV/EBIT = 10, EV = 402.430M
Market Cap = 479.952M
Intrinsic value = RM2.8073/share
Margin of safety = 88.41% (if you buy at current price, you can possibly make such profit)

EBIT (trailing 4 Qs) = 40.243M
Assume EV/EBIT = 10, EV = 402.430M
Market Cap = EV - total debts - minority interest + cash (total debt = 26.175M, MI = 19.128M, cash = 122.825M) = 479.952M
Intrinsic value based on this valuation = Market Cap / total number of shares (170.964M) = RM2.8073/share

Posted by Dolly_Chai2 > 2017-04-14 16:06 | Report Abuse

these are no fancy calculations.. just very basic and simple ones.. but good to use for valuation...

Posted by Dolly_Chai2 > 2017-04-14 16:07 | Report Abuse

as i have told many ppl before, investing is all about doing a lot of homework and you must be hardworking and dedicated to spend time... these are no rocket science.. but u need to spend time... dun be lazy...

Posted by Dolly_Chai2 > 2017-04-14 16:08 | Report Abuse

if you are lazy.. just go speculate any share...

Posted by bracoli > 2017-04-15 15:42 | Report Abuse

as i pointed out earlier niki is just purely fake value investor.. ppl asked him for prlexus calc he ignored the Q and tokok with his history of chinhin la.. armada la...
NIKI i hope u can wake up and face reality.

Posted by nikicheong > 2017-04-16 03:53 | Report Abuse

I use a very basic "net net" formula to value my stocks. Nothing like Dolly. I don't have anything to share in that regards, sorry.

Posted by king36 > 2017-04-16 05:29 | Report Abuse

Thanks Dolly for sharing.
Appreciate nikicheong too - no harm done.

We just live in the spirit like well-respected Taiko Icon8888 described in his thread.
http://klse.i3investor.com/blogs/icon8888/119608.jsp

Thank you again Dolly.

Posted by R40s > 2017-04-16 23:47 | Report Abuse

Nikicheong is not wrong to use a strict rule of "Buy with a 35% margin of safety" to make sure he would not lose money in his stocks, he is following the golden rule of stocks guru B. Graham.

But because of obeying this strict and conservative rule, he often missed his opportunities on buying good stocks and could only look at these star performers' prices flew up high, and felt many regrets. That's the hidden price to pay for not to lose money but couldn't make money.

Like the old saying in investment: "No risks no gain, high risks high gain", this is especially true during a bull market. When market is bearish, it's better to be more conservative so that you buy at low prices with big safety margins, so that the price won't go lower by too much. But in a bull market, if you still strictly obey the 35% rule, you usually end up regretting that the stocks you wish to buy but didn't because it didn't drop to your target buying price, and then keep flying up up and away...

Posted by Jon Choivo > 2017-04-17 13:04 | Report Abuse

Hey Niki,

If you are looking for net net companies. Id take a look at choobee.

Posted by pharker > 2017-04-18 17:46 | Report Abuse

Malaysian election is coming Q3, lots of funds will flow into the country, foreign funds, rich people will also bring back their money coz they believe smooth continuity and stable win by the incumbent...RM will strengthen to 3.5 and prolexus will decrease in earnings as they mainly export in USD. So better throw NOW

Posted by Dolly_Chai2 > 2017-04-19 09:18 | Report Abuse

pharker... u sound exactly like ur name.. haha...

please give some sound reasons to justify your statement instead of ur "pharker" style of bullshit

Posted by Dolly_Chai2 > 2017-04-19 09:23 | Report Abuse

you are welcome king36. forum is a place where we should share useful information (based on valid/fair judgment), instead of those nonsense that gave u some sort of "God-like" prediction such as how general election will impact MYR and export companies.. and then ask u to buy or sell... to me, these are all nonsense as no one could ever predict the forex. forex is something we should not take into serious account, what we should care more is their core business, outlook, prospect, financial fundamentals, etc...