We can't forecast the future direction of stock prices
More important is to manage our risk tightly. Eventually we may have more gain than loss
Watch out tomorrow. The market direction for last few years’ budget day... morning up... by noon slacking... and when the Finance Minister open speech, profit taking came drastically
Dunno bout this year, if budget speech brought forward to noon, probably early morning will see profit taking
The “big guys” moved the index to above 1500
Just be careful. For Prlexus, I think tmrw 1.74 is safe to go in morning but watch T/O and watch until at least 9.30am
"Joe Biden is potentially just one state away from being able to claim victory in the US election, with counting in Georgia and Nevada continuing into the early hours."
Prolexus VS SCGM price Price : RM1.75 vs RM3.00 Market Cap : RM320mil vs RM580.8mil PAT RM23.8mil vs RM8.2mil Revenue RM97.9mil vs RM57.2mil Profit Margin 24.4% vs 14.4% Earning Per Share 13.6c vs 4.29c
* Both selling mask - Prolexus price is only at 58% of SCGM price - Prolexus market cap is only at 55.1% of SCGM market cap - Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ at least rm70mil PAT , they have only started selling mask last quarter. during their first quarter already went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come demand for rewashable mask has only been growing. with their low market cap RM10 after next quarter is not impossible after all their PE is super low now , lower than any gloves or mask companies
Prolexus VS SCGM price Price : RM1.75 vs RM3.00 Market Cap : RM320mil vs RM580.8mil PAT RM23.8mil vs RM8.2mil Revenue RM97.9mil vs RM57.2mil Profit Margin 24.4% vs 14.4% Earning Per Share 13.6c vs 4.29c
* Both selling mask - Prolexus price is only at 58% of SCGM price - Prolexus market cap is only at 55.1% of SCGM market cap - Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come demand for rewashable mask has only been growing. with their low market cap RM10 after next quarter is not impossible after all their PE is super low now , lower than any gloves or mask companies
btw, i always seen big volume buying at higher price above RM1.75..anybody can explain why this could happen? is it they set to buy when price breaks the resistance?
Prolexus VS SCGM price Price : RM1.75 vs RM3.00 Market Cap : RM320mil vs RM580.8mil PAT RM23.8mil vs RM8.2mil Revenue RM97.9mil vs RM57.2mil Profit Margin 24.4% vs 14.4% Earning Per Share 13.6c vs 4.29c
* Both selling mask - Prolexus price is only at 58% of SCGM price - Prolexus market cap is only at 55.1% of SCGM market cap - Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already Prolexus went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come as demand for rewashable mask has only been growing. with their low market cap its not difficult to push it to RM10 after next quarter report ,after all their PE is super low now , lower than any gloves or mask companies and they have absolutely no risk of windfall tax of any sort
Sorry guys, I bought a chunk on Tues and sold all today. Just a little worried exuberance may not last with budget speech tonite. That’s twice I’ve traded Prlexus and made profit twice. I will always have this in my watchlist and may go in again in the future. Cheers and good luck!
I am holding for long term, Prolexus benefit from current situation and make lots and lots of profit without having any risk of windfall tax or any sort of contributions
@JohnFarmer458, “everyday” also I say? This is only the 2nd time I traded this counter. I never “miss the boat” or regret or hv FOMO. I just speak the truth. Today is T3 for those that bought on Tues (like me). Budget speech tonite. Election this weekend. This isn’t spreading fear, this is common sense. By all means keep if you are in long term and I really wish you the best. As I said I will always look out for this counter
haha it's ok for both short term and long term, i believe with patience it brings you happy result. Current market tend to be volatile, not everyone willing to hold for long term. Hopefully when the weak holders gt flushed out, Prlexus can fly high.
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....
anthonytkh
1,802 posts
Posted by anthonytkh > 2020-11-05 18:09 | Report Abuse
@NPRA1985, I will not say. I am not like “some” that say “buy buy buy” then they sell and post here laughing at those holding