My Portfolio Oct20

 Summary for October 2020

Portfolio @ End of Oct20

This October was not a good month for stock market as KLCI retreated 2.5%. Overall my portfolio registers a small gain of 1.2%, thanks to Prolexus, Scientex & Supermax.

I did not have any intention to buy stocks in October as I planned to wait until after the US election to have a clearer picture. 

However, I added my position in Jaks a trading day before the ex-date of its rights issue. I didn't sell any shares since none reaches my target price.

I always have a plan in mind to top up Jaks either before or after the rights issue. I regretted that I missed the chance to do so when its share price was below 80sen not too long ago. 

Prolexus: ProXmask To The Rescue

While Supermax's latest single quarter net profit in FY20Q4 was better than its previous 48 months results combined, Prolexus's latest single quarter net profit in FY20Q4 is about its previous 42 months combined.

And there's no significant one-off gain. Not bad indeed.

Simple reason given by the management: fabric mask.

Prolexus recorded revenue of RM97.9mil and PATAMI of RM23.9mil in its final quarter of FY20 ending in July. 

This is a record profit by a huge margin despite a lower revenue YoY. Its previous average quarterly PATAMI was around RM6-7mil during its good time. 

This means that its profit margin has improved tremendously.