Posted by red_85 > 2017-05-28 23:06 | Report Abuse

beware, not shariah compliant, fund will sell all as fast as they can...catch around 1.4.

Posted by nikicheong > 2017-05-28 23:27 | Report Abuse

Lined up at RM1.46, this is my final try. Hope it gaps down tomorrow to that level, then bounce back up.

Posted by Toto2009 > 2017-05-29 08:41 | Report Abuse

All the best Niki! However, I think the timeline allow to sell off is 6 months, so I think Islamic fund will still hold and pluck the fruits before let go this good counter. My 2 cents

Posted by FairyTail > 2017-05-29 09:00 | Report Abuse

Shariah fund is allowed not to sell if their purchase share price is below market price.

Posted by nikicheong > 2017-05-29 09:26 | Report Abuse

It depends Toto, all their profit from now on must be passed to some kind of an Islamic zakat fund. They can't keep the profit (except if they sold it on the first day). They can only recover the cost of their investment. For those who bought in RM1.30-RM1.45...I figure they will just sell and move on to other compliant counters. Otherwise their money is just stock for no reason...best deploy it elsewhere.

Posted by Toto2009 > 2017-05-29 09:36 | Report Abuse

Thanks Niki for your info, let's see, 1.5 lowest today.
Do you picked up some?

Posted by Js Goh > 2017-05-29 09:44 | Report Abuse

time will tell...

Posted by crux_you88 > 2017-05-29 12:33 | Report Abuse

I think shariah compliant required cash saving in islamic FD instead of normal FD, excessive cash is not an issue but where it save is.

Posted by Toto2009 > 2017-05-29 12:47 | Report Abuse

How soon the review will take place to make Prlexus back in compliant shariah?

Posted by FairyTail > 2017-05-29 14:06 | Report Abuse

Next review on Nov 2017.

Posted by Toto2009 > 2017-05-29 19:26 | Report Abuse

Well done Prolexus, supporting at 1.5 level and stay up closed! Really good counter to hold

Posted by Toto2009 > 2017-05-29 19:26 | Report Abuse

For 6 months mid term until further expansion is clear

Posted by FairyTail > 2017-05-29 22:09 | Report Abuse

initial phase of Fabric mill (Malaysia) & Apparel factory (Vietnam) to be commission on 2nd half 2017.

Posted by Toto2009 > 2017-05-29 22:12 | Report Abuse

Thx FairyTail, let's continue to hold Prlexus! The low hanging fruits will come....

Posted by Tai KT > 2017-05-29 22:25 | Report Abuse

Bright prospects. I thought will drop more today so that can get some. Haha.

Posted by bracoli > 2017-05-29 22:56 | Report Abuse

compare to magni lah.. lol
joker Tai KT

Posted by FairyTail > 2017-05-29 22:57 | Report Abuse

Magni is superior!

Posted by Tai KT > 2017-05-29 23:20 | Report Abuse

Ya, magnum is good. If both can drop their price , I will be happy to own as well. Thank our serious gentleman Bracoli. You win.

Posted by Money > 2017-05-30 13:30 | Report Abuse

How's low will it go???

Posted by Jon Choivo > 2017-05-30 13:36 | Report Abuse

No, idea, bot some warrent, probably buy more at like 55 or less

Posted by Js Goh > 2017-05-30 15:27 | Report Abuse

going to be a weak season...

Posted by newbiecc > 2017-05-30 19:16 | Report Abuse

Manulife sold also due to not shariah compliant?

Posted by lkwah86 > 2017-05-30 21:00 | Report Abuse

those islamic funds have to sell

Posted by SuperLaber > 2017-05-30 23:28 | Report Abuse

mother drop 4+%, son dropped 9%, an arbitrage perhaps..

Posted by nikicheong > 2017-05-31 00:32 | Report Abuse

Wow Manulife offloading...doesn't look good here.

Posted by Apollo Ang > 2017-05-31 00:36 | Report Abuse

majority people in i3 just wanna listen to good comments,so no good please don't say or else they get angry. lose one must diam diam,all negative comments cannot say,no good also must say good....haha

Posted by Js Goh > 2017-05-31 07:20 | Report Abuse

They only dispose the equity bought using shariah fund for now

Posted by Tai KT > 2017-05-31 07:39 | Report Abuse

no much can drop lah. refer to chart.

Posted by Tai KT > 2017-05-31 07:42 | Report Abuse

no much can drop already lah.

Posted by nikicheong > 2017-05-31 09:01 | Report Abuse

lol charts...

Posted by skl_81 > 2017-05-31 09:38 | Report Abuse

Is my collection session …

Posted by Dolly_Chai2 > 2017-05-31 12:39 | Report Abuse

haha... all this syariah-compliance thing is a shxt in investment world... i don't even give a damn to it... haha

Posted by Js Goh > 2017-05-31 13:57 | Report Abuse

Lol

Posted by Cornerstone > 2017-05-31 13:58 | Report Abuse

me too!! hahahaha

Posted by FairyTail > 2017-05-31 14:11 | Report Abuse

Prlexus are backed by non-Shariah funds too...can check Top 30 shareholders list.

Posted by FairyTail > 2017-05-31 18:41 | Report Abuse

Thanks to EPF taken disposal from Manulife on May 26.

Posted by Toto2009 > 2017-05-31 19:21 | Report Abuse

Cool down all, wait it to stabilize this week. Next week will be good timing to enter... my 2 cents

Posted by nikicheong > 2017-05-31 19:22 | Report Abuse

Dolly dun say like this ma, someone's might be reporting you for making sensitive statements. Careful. You know the month is what month right?

Posted by benson911 > 2017-05-31 19:56 | Report Abuse

Epf bought back !!!!

Posted by Toto2009 > 2017-05-31 20:12 | Report Abuse

EPF got 2 type, shariah and non shariah, so the fund shud be from non shariah

Posted by FairyTail > 2017-05-31 20:14 | Report Abuse

Not sure, probably EPF Shariah bought as well.

Posted by Js Goh > 2017-06-01 09:00 | Report Abuse

Yes the one who bought is non shariah EPF. They ain't stupid.

Posted by chinktan > 2017-06-01 10:29 | Report Abuse

good news

Posted by chinktan > 2017-06-01 10:30 | Report Abuse

y prolexus has to fall under non shariah ?

Posted by Js Goh > 2017-06-01 10:38 | Report Abuse

Shariah compliancy has a set of regulations eg type of business, income, activities, financial ratio, prlexus probably fell out due to financial ratio just like yinson previously. I don't know why it was such a big fuss

Posted by chinktan > 2017-06-01 11:20 | Report Abuse

ok thanks for the explanation

Posted by Js Goh > 2017-06-01 13:17 | Report Abuse

@chinktan this year list. I think it also have some summary on the requirements =)
https://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_170526.pdf

Posted by Toto2009 > 2017-06-01 13:41 | Report Abuse

Prlexus has been stabilizing despite whole market down, suggest can cover at 1.5 to average down your price, my 2 cents

Posted by SuperLaber > 2017-06-01 16:13 | Report Abuse

Slowly picking back momentum, going back to RM1.6x hopefully

Posted by Toto2009 > 2017-06-01 16:16 | Report Abuse

Volume still low, but very supportive