Table: Prlexus's last 8 quarterly results
Graph: Prlexus's last 35 quarterly results
Prlexus (closed at RM1.55 last Friday) is now trading at a PE of 10.2 times (based on last 4 quarters' EPS of 16.25 sen). At this PER, Prlexus is deemed fairly valued.
Prlexus has been consolidating between RM1.35 & RM1.65 for the past 1 year. In view of the poor result, the share price is likely to drop to the support at RM1.35. If the support at RM1.35 failed, Prlexus's downtrend may continue.
Chart 1: Prlexus's monthly chart as at Jun 30, 2017 (Source: ShareInvestor)
Chart 2: Prlexus's weekly chart as at Jun 30, 2017 (Source: ShareInvestor)
Despite the poor financial performance, Prlexus is rated a HOLD as it is trading at reasonable valuation. If Prlexus breaks below RM1.35, the HOLD rating will be revised to a SELL.