Monday, April 19, 2021

Prolexus Berhad PRLEXUS Code 8966

Stock Name : PRLEXUS
Code: 8966

Nature of Business: Apparel, Textile an Advertising

Low PE (
rebounded with higher net earning since 3Q2020, thereafter downtrending 23.9 to 15.2 to 8.8 mil last quarter), could be challenging during covid period

Dividend -
do pay dividend every year however lower than risk free rate/fixed deposit

Quoted from last Quarter Report, started selling hijab to Muslim community domestically and middle east, planned to sell internationally. 
Assuming company able to capture higher domestic and overseas hijab market, there may be growth  

Net asset: Price below Net Asset
Debt to Equity: 0.45
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.4-1.90
Technical: 1.00-1.10
Overall: Amber (due to lower dividend yield)

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