Posted by apolloang > 2017-09-30 21:11 | Report Abuse

no growth no up that's how the market works,unless it is a speculative stock and no fundamentals one. this stock I already warned people from 1.40s until now better don't buy,some stubborn mah lose lo.cannot up to 1.40s unless got any good news to support

Posted by SuperLaber > 2017-10-01 09:30 | Report Abuse

i think the drop to RM1.1x possibly due to terrible result in Q3 coupled with the loss of syariah compliance thus some of the big funds needed to offload their portion, however as the earnings picked up (if the one off deconsolidation loss is excluded, the results should be even better), thus this stock should be able to recover in term of price

Posted by apolloang > 2017-10-01 10:32 | Report Abuse

mon open we will see if below 1.10 or not

Posted by PotentialGhost > 2017-10-01 11:45 | Report Abuse

Guy don't give this apolloang to blur , this guy no hold anyshare on stock market and bad comment at any forum . You guy can check out all his comments.

His life is so pessimistic , his personality would not make him sussces in financial markets and business.

He now worry monday cannot buy at 1.15.

Posted by apolloang > 2017-10-01 11:55 | Report Abuse

even 1.10 I also no want looking at this poor results.anyway I hold stocks in other companies than u do,so don't be jealous.your 1st posting already condemning people,what u contribute,nothing

Posted by RainT > 2017-10-01 13:07 | Report Abuse

On recent quarter result :

Sales grow
Profit also grow ( exclude the one off item of deconsolidation )
Margin improving
Net assets per share is higher than share price

If drop the share price , it's time to buy more in view of new fabric mill and Vietnam expansion soon

Posted by R40s > 2017-10-01 18:34 | Report Abuse

The hot debates above on this Q4 results, lead us to the proverbial question, "Is the glass half empty or half full?"

Could it be a cause for optimism (half full) or pessimism (half empty)?

Posted by R40s > 2017-10-01 18:56 | Report Abuse

In general, optimism lead to creation of opportunities, and pessimism simply kills it.

Simply put, optimism expect good things to happen, thus often lead to taking actions that create opportunities and produce results. Whereas pessimism expect only more bad outcomes, thus would do nothing or do things that might erase or avoid any opportunities!

Posted by R40s > 2017-10-01 23:16 | Report Abuse

The worst should be over for Prolexus, after it suffered double blows with a poor Q3 and lost of Shariah status, and caused it's stock prices fell from Rm1.5x down to 1.1x, or about -25%...

The optimism are based on the following facts :
1. This Q4 turned out to be better than expected, 2. The NPM improved to 7.9% vs last Q4's 8%, despite deducting Rm4.18M one-off loss.
3. They are close to regaining Shariah status now,
4. The Company management turned more optimistic now, they expect a "Stable market" instead of "Challenging market" in the past.
5. The Company is fast-tracking the Fabric Mill construction, this will boost their revenue and NPM substantially next year.
6. The TPP was stalled after US has withdrawn, and then US market slowdown, so on hindsight the Vietnam apparel factory's construction delay seems to be a blessing in disguise.

Posted by apolloang > 2017-10-01 23:21 | Report Abuse

tomoro see if it can break 1.10 1st before jumping to any conclusion.

Posted by R40s > 2017-10-01 23:25 | Report Abuse

The P/BV ratio has drastically reduced from about 1.28 before end-June down to about 0.9 now, or about -30%, it should be more attractive now.

Posted by R40s > 2017-10-01 23:56 | Report Abuse

Prolexus price may drop a few sen tomorrow, it should be temporary, because many investors only read the QR's 1-page "Summary", without doing a deeper analysis, and some retailers don't even read the QR at all. They may react to sell irrationally, that partly contribute to the market inefficiency, that creates buy opportunities.

After these selling stop, the bargain hunting by smart investors will cause the price to recover.

Posted by apolloang > 2017-10-02 08:49 | Report Abuse

the bleeding has stop,got a bit support.won't fall much today,but not much futher upside either.will make a recovery once profit is up,otherwise is will stagnant

Posted by SuperLaber > 2017-10-02 11:21 | Report Abuse

just realised, according to HLE Broking, PRLEXUS P/E is only 6.33?? not sure how accurate is that, lol.

Posted by nikicheong > 2017-10-02 13:35 | Report Abuse

No, P/E is 9.17x correct per i3investor. FD P/E is around 11x when counted in all warrants exchanged to Prolexus shares.

Posted by Jon Choivo > 2017-10-02 13:48 | Report Abuse

EV/EBIT is actually only 3.3. Its really low.

Posted by R40s > 2017-10-02 15:02 | Report Abuse

Based on the latest QR, T4Q EPS = 13.27 (basic), 12.31 (diluted), and last Friday's closing price Rm1.15, the T4Q PE should be 8.67 (basic), or 9.34 (diluted).

The latest QR should provide the most accurate data, including the latest share base issued.

Posted by GooGooDolls > 2017-10-02 15:05 | Report Abuse

fart more go toilet

Posted by R40s > 2017-10-02 15:11 | Report Abuse

The latest share base issued is actually adjusted based on "Weighted average number of ordinary shares in issue" for the period...

Posted by nikicheong > 2017-10-02 17:53 | Report Abuse

R40s, I don't care about weighted average. I use the most conservative method, i.e. I take the number of shares issued as at the end of the period. That's what matters. Using the weighted average is not of any use really and gives you comfort where there should be none.

Posted by R40s > 2017-10-03 10:38 | Report Abuse

Yeah..., some accounting practices are dubious and some rules are made to fool the majority... Some research analysts take even more conservative approach, they would take the maximum share base assuming all the ESOS and Warrants get subscribed, and disregard all the subscription and conversion money received by the company as zero... They often wait till the new factories start to run full steam with new orders taken fully, RM get thrashed again, wait for Shariah status to be reinstated, etc, etc... Then only they recommend "Strong Buy" or upgrade their price targets...

Posted by apolloang > 2017-10-03 10:46 | Report Abuse

gonna sleep for another 3 months anyway

Posted by R40s > 2017-10-03 11:12 | Report Abuse

Due to weak market sentiments, most counters are stagnant or moving sideways...

Posted by SuperLaber > 2017-10-04 11:24 | Report Abuse

no sifu/blogger cover the result for Prolexus this quarter ??

Posted by Dolly_Chai2 > 2017-10-04 14:56 | Report Abuse

guys... thanks for the very informative discussion here... i am glad to see there are still many mature and proficient value investors in i3

Posted by apolloang > 2017-10-04 14:59 | Report Abuse

all mature old people sleeping like this stock whole day only 2,000 done. the director no money to eat rice also.....hahaha

Posted by nikicheong > 2017-10-04 15:27 | Report Abuse

Well at least it should mean all weak holders (retailers) have sold out.

Posted by Dolly_Chai2 > 2017-10-04 15:30 | Report Abuse

haha... from the way apolloang commented, we all should know where he is at now...

Posted by R40s > 2017-10-04 17:48 | Report Abuse

Come Q4, the final quarter of 2017, stock market sentiments usually become better...

Posted by SuperLaber > 2017-10-04 23:08 | Report Abuse

once gotten back the syahriah status, i believe there might be rounds of goreng goreng, cheers =)

Posted by lilu > 2017-10-05 02:07 | Report Abuse

how can prlexus obtain syahriah status?

Posted by Skliew > 2017-10-05 07:35 | Report Abuse

Just by depositing the cash in syariah compliant financial institutes, reducing the amount of cash deposited in Syariah non compliant financial institutes to below 33% of the total assets, Prolexus will regain its Syariah Compliant Status.

Isn't it easy?

Posted by R40s > 2017-10-06 12:29 | Report Abuse

Looks like accumulation mode for Prolexus shares after the Q4 announcement...

Posted by joni > 2017-10-06 16:55 | Report Abuse

result so much better than previous Q

Posted by PotentialGhost > 2017-10-06 18:54 | Report Abuse

When price up optimistic ,when price drop pessimistic 。the most horrible thing is you are joker but you don't know you are a joker , you still think you are super investor 。 in stock markets dont overestimate your self 。you are nothing

Posted by nikicheong > 2017-10-06 19:57 | Report Abuse

@joni, to be fair QoQ is irrelevant due to the fact that there seems to be an element of cyclicality to the earnings of Prolexus.

Posted by nikicheong > 2017-10-07 01:34 | Report Abuse

RM0.01 div/share declared.

Posted by R40s > 2017-10-07 08:44 | Report Abuse

@ nikicheong, according to the QR, the management say that the Company's businesses are not affected by seasonality or cyclicality, so the QoQ comparison is relevant...

Posted by daytona > 2017-10-07 09:37 | Report Abuse

I think they mentioned not materially affected by seasonality in the latest QR, means affected to a certain extent...

Posted by sell > 2017-10-07 09:47 | Report Abuse

Sold at 1.24. Can pay 1 sen dividend down from 3.25 sen in 2016 means something wrong never revealed.

Posted by nikicheong > 2017-10-07 10:47 | Report Abuse

@R40s, just analyse the past 5 years quarterlies and you will see some evidence of cyclicality. The management may not feel it is of material significance, but there is definitely something there.

Posted by R40s > 2017-10-07 11:07 | Report Abuse

Don't look at 5-years ago, their business has grown so much over the past 5 years, any seasonality effect would be masked by such tremendous growth...

If u guys look at the latest Q3 vs Q4, Revenues 61.7M vs 90.4M, and Net Profits 1.59M vs 7.1M, this is definitely not due to seasonality...

Posted by R40s > 2017-10-07 11:11 | Report Abuse

Any way, the reason for having both QoQ and YoY comparisons, is for us to detect seasonality and cyclical effects, so both are relevant...

Posted by 4444 > 2017-10-07 11:21 | Report Abuse

YOY profit drop 30% why no 1 highlight?
https://klse.i3investor.com/servlets/stk/fin/8966.jsp

Posted by joni > 2017-10-07 15:12 | Report Abuse

agreed to disagree ; hope ALL make money.

Posted by SuperLaber > 2017-10-08 11:11 | Report Abuse

Noticed Prlexus appeared as stock pick in these 2 days after being bullish last Friday, hopefully all is good

Posted by SuperLaber > 2017-10-08 11:18 | Report Abuse

Despite the syariah issue, EPF still continue to acquire the shares of PRLEXUS? not all EPF need to comply with the syariah status?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5546621

Posted by BursaKakis > 2017-10-08 17:09 | Report Abuse

Prlexus share price dropped from RM1.57 on 30/6/2017 to RM1.12 on 26/9/2017 after announcing a poor set of Q3 financial result with eps of 0.93 cts. However, eps has rebounded to 4.14 cts in Q4 giving the co a low PE of 9.80. Share price has also rebounded to RM1.24 on Friday 6/10/2018. This counter is still undervalued.

Posted by R40s > 2017-10-08 19:07 | Report Abuse

@ SuperLaber, see this news link:

http://www.asiaasset.com/news/EPF_shariah_SG1708_FS_DM.aspx

EPF has allocated Rm100b as Shariah Fund (14.67% of EPF funds) for 2017, now fully subscribed. The other 85.33% are non Shariah funds, that's why their buying of Prolexus shares without Shariah-compliance status.

Posted by SuperLaber > 2017-10-09 09:48 | Report Abuse

seem like this Prolexus getting back investor's attention, hmm no more cheap stock to collect, lol
btw @R40s, thanks for the info