Magni drop a lot, repeated nightmare of prlexus

Thank you AtTARAH.

selling pressure from convertible issues will suppress stock price again

ATARAH, DBE can turnaround from Harumi?

i want to eat fried chicken, i've Harumi, KFC and Texas. I will go for Texas. Retail business like Harumi is not competitive.

Anyone taste Harumi before? Taste fantastic?

difficult to turn around. treasury sales loss, AEGB loss...

Jan 1 - Dec 31, 2016 - RM 50 million contracts (3 contracts)
Jan 1 - Dec 31, 2017 - RM 50 million contracts (2 contracts)

The renewal contract probably will be review & announce on Nov 2017.

Unlikely to get bigger contract. KFC will run capability review to ensure smooth supply, so far no news that DBE will expand its farm.

They want to hire Taiwanese for higher-rank posts?

epf more headache than anyone else... haha

why individual quarter need to have inclusion of prior year tax RM 1,017,000?

Good!

Total planted 44451 hectare

On plantation side, 23.7% planted area is old tree (more than 20 years), but will complement by 21.7% of young tree (< 3 years). Nowadays tree at age > 3 years already yielding fruits.

weird, confirmation of bonus issue didn't contribute much momentum to stock price.

TDM is confident of winning on June 8.

May 24 is not postpone of court case. Court decision on June 8, 2017.

Not sure, probably EPF Shariah bought as well.

Thanks to EPF taken disposal from Manulife on May 26.

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

Is there any affirmative date for approval of proposed bonus issue?

Magni is superior!

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

Next review on Nov 2017.

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

Prlexus management can consider increase dividend payout.

I've no idea what is Shariah-compliant requirements in the past, and never care of it. After readings on Google, it's right that excessive cash is non-Shariah-compliant - Shariah encourage management to distribute excess cash to shareholders or invest in productive investment. Shariah is social-friendly. Some region can accept 70% excess cash over total asset, but Malaysia is subject to 30%to sustain as high quality global Islamic financial center, new input learnt.

Fundamental remain intact, I will continue to hold and top up when opportunity arise. Thanks Toto2009 & Tan KT.

Toto2009, i just checked other net cash company and they're still Shariah compliant. Therefore Prlexus delisted from Shariah not because of excessive cash over total asset.

Yes agree, fundamental is healthy.

I'm scratching my head why Prlexus was non-Shariah compliant.

Shariah screening methodology:
https://www.sc.com.my/frequently-asked-questions-on-revised-shariah-screening-methodology/

Was it because Prlexus has excessive cash over total asset?

[Financial Ratio Benchmark]
Cash over total asset
= 123/303
= 40.59%

Debt over total asset
= 26.18/303
= 8.64%

***Shariah Benchmark: < 33%***