Posted by Money > 2017-04-21 21:24 | Report Abuse

Look like 1.50 is cleares today

Posted by Yipman > 2017-04-26 10:57 | Report Abuse

dividend shd be announce soon.

Posted by nikicheong > 2017-05-01 02:57 | Report Abuse

Actually looking at it further Prlexus could still be a buy. Long-form ROE is ~20% which should correlate to roughly 2.1x BV. When plant comes on board it will contribute the extra ROE. At 1.1x BV currently there is ample built in margin of safety. Undecided, but Prlexus is back on my list for my next stock purchase.

Posted by Parkson > 2017-05-01 03:07 | Report Abuse

Not USD counter? If RM strengthen not Prolexus to be affected?

Posted by nikicheong > 2017-05-01 03:37 | Report Abuse

Don't concern yourself with FX lah. Look at the past historical ROE when the MYR was strong.

Posted by Money > 2017-05-04 19:54 | Report Abuse

Prlexus is my stock list.

Posted by lkwah86 > 2017-05-05 10:06 | Report Abuse

Citigroup - EPF Board Acquired of 500,000 shares

Posted by nikicheong > 2017-05-05 21:17 | Report Abuse

Queued at RM1.44, didn't get anything.

Posted by R40s > 2017-05-06 22:46 | Report Abuse

Check out this latest news from Vietnam:

http://vietnamnews.vn/economy/375765/textile-sector-growth-surges.html

The textile and garment sector enters the second quarter (Q2) of this year with promising signs.
Statistics showed that the sector earned US$6.75 billion from exports in the first quarter of this year, growth of 12.4 per cent compared with the same period last year...

This is good news for Prolexus, because their new Vietnam factory will be commissioned by end of this year, their productions will be in time to catch this increasing demand, and should start to contribute positively to the bottom lines...
:-)

Posted by nikicheong > 2017-05-07 14:55 | Report Abuse

Guys, I have something very urgent. Why is there discrepancies in the Net Assets Per Share for Prolexus?

In Q4 2016 (ended 31 Jul 16) financial statement they have the Net Asset Per Share at RM1.17. However for the annual report 2016 they have the NAPS at RM1.23.

Similarly, for the latest Q2 2017 (ended 31 Jan 2017) financial statement their NAPS is listed at RM1.33. However on i3Investor's T4Q NAPS is listed as RM1.27.

Can somebody please explain the discrepancies? These matter.

Thanks!

Posted by nikicheong > 2017-05-07 23:03 | Report Abuse

Can anyone please clarify as to how does Prolexus get the figure of Net Assets Per Share of RM1.33 from their latest quarterly statement ended 31 Jan 2017? I would greatly appreciate it. My calculations just don't work out.

Link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5376413

Posted by Clement Yew > 2017-05-08 11:07 | Report Abuse

No dividend announcements yet?

Posted by Js Goh > 2017-05-08 13:09 | Report Abuse

Niki
NAPS=(total asset - total liability)/total share
NAPS=(302852000-70188000)/173399000
NAPS≈1.34
Is this what you are asking for?

Posted by Js Goh > 2017-05-08 13:12 | Report Abuse

Correct me if I am wrong. newbie here =)

Posted by dompeilee > 2017-05-08 15:20 | Report Abuse

I bought this @ 1.38+ back in December(u can check above). Will keep holding even though now 1.54 :D

Posted by omnigunk > 2017-05-08 15:43 | Report Abuse

Bought at 1.4 in March and sold all at 1.53.

Posted by R40s > 2017-05-08 17:56 | Report Abuse

Niki,

JS Goh answered your questions in your 2nd post. Here I try to answer your questions earlier about the "discrepancies" you found on the NTA: I believe it's due to the effects after the RI in June-2016, after taking into account of the funds raised from the RI, the NTA has increased.

The Rm1.33 is the NTA as per the latest QR, whereas the i3's value is based on the last 4Q's weighted average over the 12 months period. Hope this help.

Posted by nikicheong > 2017-05-08 18:53 | Report Abuse

R40s and JS Goh, that is incorrect as Net Assets per Share Attributable to the Owners of the Parent exclude non-controlling interests.

Posted by Js Goh > 2017-05-08 19:58 | Report Abuse

I see so what formula did you use?

Posted by Js Goh > 2017-05-08 20:03 | Report Abuse

You were asking how did they get those figure so I just plug the figure into the formula hahahah XD. I have no idea if there's any other formula. Enlighten me...

Posted by nikicheong > 2017-05-08 20:11 | Report Abuse

JS Goh, you may back test the formula with previous quarters. It doesn't match up.

The usual formula is (Total Assets - Total Liabilities - Non-Controlling Interest)/Number of shares outstanding

Plus with you formula it is 1.34 not 1.33.

You can backtest your formula, it won't work. Mine if I backtest to 2013-2014 it works, but ever since they did the bonus and rights issue it stopped working.

Posted by Js Goh > 2017-05-08 21:05 | Report Abuse

I see... What is the number of share you used?

Posted by Js Goh > 2017-05-08 21:24 | Report Abuse

I think you have a point there when they mention "ordinary" shareholder

Anyway they did put a disclaimer. But I wasn't sure what was the number they are using
* Comparative number of shares was restated to take into account the effect of Rights Issue.

Posted by nikicheong > 2017-05-08 22:13 | Report Abuse

Number of shares is based on their Weighted Number of Shares (listed at the bottom of the notes section for basic/diluted EPS)

Posted by nikicheong > 2017-05-09 23:16 | Report Abuse

Damn real bad luck. I missed it at RM1.48. Haiz, I think have to let go of this lah.

Posted by Tai KT > 2017-05-10 08:31 | Report Abuse

It alway chance when price correction,

Posted by nikicheong > 2017-05-11 21:15 | Report Abuse

Hopefully it can retrace to RM1.52... :)

Posted by Js Goh > 2017-05-12 08:52 | Report Abuse

Catch the wave

Posted by Adrian Keat > 2017-05-13 13:27 | Report Abuse

Which 1 better prolexus or magni ?

Posted by Tai KT > 2017-05-16 12:59 | Report Abuse

If pull back to 1.5, can buy some.

Posted by nikicheong > 2017-05-16 23:05 | Report Abuse

I KIV Prolexus, for now I got Heveaboard. I sense Prolexus will consolidate downwards, and will swoop in at RM1.45-RM1.50. Only keeping tabs on a few other counters with compelling stories.

Posted by Tai KT > 2017-05-17 07:37 | Report Abuse

http://www.enanyang.my/news/20170507/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E8%B4%A1%E7%8C%AE%E7%BB%8F%E6%B5%8E1-2br-%E7%BA%BA%E7%BB%87%E6%9C%8D%E8%A3%85%E4%B8%9A%E5%87%BA%E5%8F%A3%E6%8A%A5%E6%8D%B7/

Posted by Tai KT > 2017-05-17 07:38 | Report Abuse

http://www.ccpit.org/Contents/Channel_4117/2017/0508/802539/content_802539.htm

Posted by Tai KT > 2017-05-17 07:39 | Report Abuse

fyi

Posted by nikicheong > 2017-05-17 21:41 | Report Abuse

English pliss

Posted by Tai KT > 2017-05-18 13:18 | Report Abuse

the article originally from Chinese media mah.

Posted by kennethyyk > 2017-05-19 16:27 | Report Abuse

I use this to translate. http://itools.com/tool/google-translate-web-page-translator

Posted by Money > 2017-05-19 19:40 | Report Abuse

Stand above 1.60
Look good.

Posted by AllWin > 2017-05-19 21:40 | Report Abuse

Go go go.. follow Magni break new high.

Posted by nikicheong > 2017-05-20 14:38 | Report Abuse

Congrats to all.

Posted by free2invest > 2017-05-20 19:38 | Report Abuse

A good counter.

Posted by Money > 2017-05-21 19:21 | Report Abuse

This counter look like padini from rm1.50 to rm3.50....got potential..

Posted by SuperLaber > 2017-05-22 09:37 | Report Abuse

EPF keep acquiring, something BIG coming!!

Posted by Js Goh > 2017-05-22 19:50 | Report Abuse

Not bad at all

Posted by Tai KT > 2017-05-22 19:55 | Report Abuse

Boring but steady

Posted by Toto2009 > 2017-05-22 22:30 | Report Abuse

Go go go!

Posted by Toto2009 > 2017-05-23 07:49 | Report Abuse

TP RM2 within next 6 months ; )

Posted by Toto2009 > 2017-05-26 08:32 | Report Abuse

Very strong trend but EPF just disposed 1 mil shares yesterday....

Posted by nikicheong > 2017-05-26 09:19 | Report Abuse

Removed from Shariah index, prepare for temporary selldown. If go to RM1.50 I buy...

Posted by weihan0914 > 2017-05-26 09:20 | Report Abuse

goin down....epf disposed