I was just trying to guess why the revenue remains almost the same while EPS is so high.
I just used simple math to demonstrate my point. You can disagree with me but you cannot stop people say something in lecture style. You are forcing other people to talk the way you talk.
If you know how to calculate forward PE, you should know the fair price one year from now. But I am not allowed to express my lecture here.
Sometimes I was forbidden to lecture. Sometimes I was critized to talk about newbies. Very confusing. Don't know which is which. Flip flopping roti canai.
I only have one question : Where can I buy this mask? I’m just a regular guy that goes to the usual groceries/pharmas and I don’t see this mask for sale at such groceries/pharmas. Where can I find it?
We refer to the above mentioned article which appeared in The Edge Markets on 05 October 2020 titled “Prolexus unveils its ProX™ anti-virus technology, claimed to inactivate >99% SARS-CoV-2".
The Company wishes to inform that the Group had started manufacturing of reusable fabric face mask (“mask”) since March 2020. The manufacturing of mask provides a perfect complement to the existing core business in the manufacturing of apparels. At the same time the Group could leverage on optimising existing production facilities and resources efficiently to generate a stable revenue stream for the Group. The Group’s ProX™ anti-virus technology which inactivates bacteria and viruses, including >99% SARS-CoV-2 had been tested locally and internationally.
As mentioned in the Company’s 4th quarter interim report for the financial year ended 31 July 2020, the manufacturing of mask had cushioned the decline in revenue arising from delay in delivery of apparel orders due to the Movement Control Order in Malaysia. It had contributed to 33% of the Group’s total revenue.
The Company is cautiously optimistic that this will contribute positively to the Group’s revenue for the financial year ending 31 July 2021 as the demand of reusable fabric face mask is expected to increase as wearing a mask has become the new norm.
Nevertheless, the Group shall continue to enhance and improve the research and development, production and sale of the reusable fabric face masks and other related products in the forthcoming year. This is also part of the Group's Corporate Social Responsibility initiative as the reusable masks enhance public safety and is environmental friendly.
With the newsurge of Covid postive cases in Malaysia alone touching 700 cases per day, mask is an essential now. Just like gloves. All healthcare stocks will experience another rise in near time. STAY STRONG, STAY SAFE EVERYONE. WEAR A MASK. JAGA S.O.P
Everybody selling on the fulled blown news is nothing unusual . Continuous profits taking is likely to set in a matter of few days with the recent spike up price . Waiting to buy lower......no rush
Don’t think their sports wear can contribute much. Cos usa go in winter soon. Only magni benefit winter coming, Nike change winter cloths. So basically this is fully contribute by glove until the end of winter, they tier 2 will start on sports wear after winter. Luv u 3000.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
laychee
1,743 posts
Posted by laychee > 2020-10-06 15:37 | Report Abuse
zzzzz, I think they are selling many products not just masks.