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2017-10-25 06:54 | Report Abuse
Not only is Prolexus expanding apparel manufacturing capacity by almost 3 folds from 14 million pcs per annum to 40 million pcs by venturing into Vietnam, the new Kluang fabric mill (200 million yards per annum capacity) will make Prolexus stands above many others, ahead in competition. It becomes a ONE STOP manufacturer and more cost efficient. Big orders will come its way and the capacity could be utilised faster than anticipated.
No worries on quality and technicalities. Prolexus is smart in partnering Men Chuen Fibre co ltd from Taiwan, a very experienced textile manufacturer, fabrics and apparel, and OEM to many renowned brands such as Adidas, Nike, Puma....
Men Chuen holds 11% equity in Trans Pacific Textiles (TPT), the vehicle for the dual expansions and it has an option to increase their equity to 20+%...Men Chuen will provide not only all the technical advice and more importantly the check and balance...
2017-10-24 16:42 | Report Abuse
Additionally, with the capacity in place, the company would be able to take in BIG ORDERS from the ODM manufacturers...
Without the capacity, the company might have lost a lot of big orders in the past ... Don't forget that the customers are world leaders in the sport wears.... the orders could be sizeable.....
2017-10-23 20:39 | Report Abuse
R40s,
Thank you for your analysis.
The Vietnam factory changed in the design from RC structures to Steel structures.
It is much faster to build a steel structure factory than an RC structure factory.
Skilled and abundant labour for textiles manufacturing are available in Vietnam. Since the Kluang fabric mill will start production ahead of the Vietnam apparel factory, and the company is pulling up their socks in marketing by recruiting more higher pisitions and capable marketing personnels, I believe the company would not want to waste time in ramping up the utilization rate of their installed capacities.
I hope that I am not overly bullish...
2017-10-23 13:46 | Report Abuse
R40s,
Original Vietnam capacity was 15 million pcs....
Initial capacity was assumed @30%....
IF 30% is maintained, initial capacity can ramp up to 7.8million pcs... 4.5 million pcs out of planned capacity of 26 million pcs is too liitle....and not justifiable...
don't forget the Kluang Fabric Mill should have production ahead of the Vietnam factory...which would help the apparel manufacturing to be very competitive as fabrics would be sourced internally...
Whatever it is...the future is bright ...just a matter of time..
After all, the big money is in the waiting....just quote Charlie Munger.. hehe..
2017-10-23 10:13 | Report Abuse
Any idea on the completion of the construction of the factory?
2017-10-23 10:11 | Report Abuse
The construction of the factory is up to what stage now? Foundations Only? Are the columns and beams up? The roofs?..... haha?
23/10/2017 10:08
2017-10-23 10:02 | Report Abuse
Paktua73,
You said you visited "the factory" in Vietnam.
What factory? Did you visit the Prolexus factory under construction in Vietnam? How is the progress ..?
2017-10-22 10:17 | Report Abuse
若论成长潜能,宝翔强得多了。。以后的营业额能直追美特。。宝翔具备潜能将营业额翻3-4倍。。
若论稳定性,宝翔现在有3位占营业额10%以上大客户,相对地比较稳定。
若论开发新客户,宝翔与台湾棉春联营Trans Pacific Textiles(TPT),棉春现今占11%(以后还可以扩大股权至20+%)。两大新厂就是由TPT经营。棉春是ADIDAS 的代理制造商。。所以,宝翔也具备潜能进军成为ADIDAS制造商之一。。
看官,你如何评估呢?
2017-10-21 18:43 | Report Abuse
Alvinkua,
谢谢分享。。
宝翔与美特生产不同性质的产品。。前者knitted fabric..后者Woven fabric..
耐克上几季节减少库存,减少knitted fabric产品订单。。冲击宝翔。。或只是短暂现象。。
宝翔现产能14million件。。。将增至40million件。。(美特现有产能35million件,将增至50million件)。宝翔还往上游设立新的制布厂。。一站式运作,将增强竞争力与赚幅; 以及营业额。(目前,美特还没有往这方面发展。。。)
宝翔与美特其实也不是竞争对手;因为出产不同性质的衣物。。。全世界的市场很大,能获取一点份额,就已经很大。。。能出产物美价廉产品的公司,前途将非常美好。。。相信宝翔正在往这方向发展。。。正在正确的航道上,一站式的运作。。。
资汇本期大篇幅报道,真是好事。。或许宝翔已经得到注目。。
祝大家好运。。。
2017-10-20 17:58 | Report Abuse
AS ADVERTISED ABOVE....
"COMPANY OVERVIEW
Prolexus Berhad is listed on the main market of Bursa Malaysia Securities Berhad since 1993. The Group has more than 40 years of experience in apparel manufacturing with manufacturing facilities in Malaysia, China and Vietnam (ready in 2018). We are specialised in high performance sports apparel for world-renowned sportswear brands. With the current workforce of more than 3000 employees, our annual capacity is 14 million pieces and it is projected to reach 40 million pieces upon completion of the expansion plan in Vietnam.
With an ever-increasing demand for innovative, high-quality, performance sports apparel all over the world, Prolexus Group is preparing itself to soar towards even greater heights, by expanding upstream into textile manufacturing. Prolexus Textile Park in Kluang, Johor, of which the Group’s fabric mill will be situated, will have an annual capacity of up to 200 million yards of knitted synthetic fabric, to meet the demand of a global social movement for dynamic, sports-inspired lifestyles. We will be a one-stop textile and apparel provider."
14 million pcs of apparel to 40 million pcs...
Completely new fabric mill....annual capacity 200 million yards....
:)
2017-10-20 17:54 | Report Abuse
https://www.jobstreet.com.my/en/job-search/jobs-at-prolexus-berhad/
Hirings ongoing.... closing 8th Nov 2017...
2017-10-17 11:00 | Report Abuse
Syariah Compliant Status is trivial and insignificant though I am confident it would be regained by end Nov..
Focus on the dual expansions which I am excited about and dumb dumb hold..
No worries!
Hehe...
2017-10-12 21:08 | Report Abuse
Pharker,
I think I am more confident than you do...
2017-10-12 13:07 | Report Abuse
Please read explanatory note no 14 and 15 of the Audited account ended 31/07/2017
14.DEPOSITS WITH FINANCIAL INSTITUTIONS
GROUP COMPANY
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Fixed deposits 3,185 2,343 - -
Short term placements 39,062 56,630 17,606 56,630
42,247 58,973 17,606 56,630
The currency profile of deposits with licensed financial institutions is as follows:
GROUP COMPANY
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Ringgit Malaysia 39,679 58,973 17,606 56,630
Vietnam Dong 2,568 - - -
42,247 58,973 17,606 56,630
Included in the Group’s fixed deposits is an amount of RM610,018 (2016: RM591,761)
which is pledged as security for banking facilities granted to a subsidiary.
The effective interest rates per annum of the deposits with financial institutions at the end
of the reporting period are as follows:
GROUP COMPANY
2017 2016 2017 2016
% % % %
Fixed deposits 3.00 to 3.30 3.00 to 4.00 - -
Short term placements 2.60 to 3.43 3.12 to 3.48 2.60 to 3.43 3.12 to 3.48
15. CASH AND BANK BALANCES
The currency profile of cash and bank balances is as follows:
GROUP COMPANY
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Ringgit Malaysia 15,607 8,952 1,445 939
US Dollar 45,419 39,562 5,475 21
Chinese Renminbi 1,273 473 - -
Vietnam Dong 293 - - -
Others 15 23 - -
62,607 49,010 6,920 960
Deposits are short term deposits..
Cash and Bank Balances may even don't have a tenure...
2017-10-12 12:43 | Report Abuse
Just ridiculous. Since major dual expansions are underway, the CFO would be stupid to place deposits on long term as the funds are required in the short term.
I also have source that said it will ensure the regain of syariah complaint status in the coming review..
Believe or not also up to you! Hahaha!
2017-10-11 21:41 | Report Abuse
Buy and forget....
Islamic funds will buy again once regain Syariah Compliant Status by end of Nov....
Dumb dumb hold for the completion of the dual expansions.
It will bear fruits when the revenues doubling or tripling up....just be patient and invest for the long term...
2017-10-11 21:35 | Report Abuse
limch,
It is EPF Islamic fund...
2017-10-11 10:13 | Report Abuse
Put your money in FD... HAHAHA
2017-10-09 18:58 | Report Abuse
Share price is still in its "infancy"!
Long way to grow...:)
When we are looking at:
1. Apparel capacity to grow from 14 million pcs to 40 million pcs
2. COMPLETELY NEW Knitted Fabric Mill with a production capacity of 200 million yards per annum.
This new business will also give the existing business competitive and comparative advantages and will generate new business revenues at a later stage.
Dumb Dumb buy and dumb dumb hold...
Hehehe :)
2017-10-05 07:35 | Report Abuse
Just by depositing the cash in syariah compliant financial institutes, reducing the amount of cash deposited in Syariah non compliant financial institutes to below 33% of the total assets, Prolexus will regain its Syariah Compliant Status.
Isn't it easy?
2017-09-21 11:19 | Report Abuse
Note that upon completion of the Fabric Mill, gross margin could improve by 5% ultimately.... that would be very significant and would add to the intrinsic value, much more significant than the forex gain experienced in FY15....
2017-09-21 11:10 | Report Abuse
.........'000
FY...Revenue..G. Profit..Other Income...Gain(loss)forex/Dvt
13..235,545...39,577....2,504...................824
14..294,113...51,374....2,390...................1,216
15..350,340...60,126....6,539...................5,778
16..402,737...81,243....4,977...................747
FY16, 737 other income could be traced from note 25 of AR16; balance of 3,493, I am unable to trace...someone may help to enlighten..
Other Incomes actually not that significant as compared to the Gross Profits. FY15, forex gain was significant for the FY period of 1.8.14-31.7.15, as RM depreciated towards end of 2014.
As RM depreciated to current level of 1USD: more than RM4, Malaysia, in disguise, becomes more competitive....
Be forward looking rather than backward looking in the evaluation of the value of Prolexus..
Good luck !
2017-09-19 20:12 | Report Abuse
Also please read note 25, Profit Before Tax, of the annual reports, you will get an idea of the sources of "other income".
2017-09-19 16:48 | Report Abuse
Deric, if you look at the cash flow of all the 3 quarters, you can deduce that 1Q had unrealized forex gain of rm890K and 2Q loss of rm531K whereas for 3Q there was an unrealized forex loss of rm1.321M This made the differences...
2017-09-18 21:35 | Report Abuse
What can be classified as other income?
Definition. Term on an earnings report used to represent income from activities other than normal business operations, such as investment interest, foreign exchange gains, rent income, and profit from the sale of non-inventory assets.
2017-09-18 18:54 | Report Abuse
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1000473
Date .......... Volume Done... Amundi sold....Estimate Bal...
7th ............. 980,000 ............763,800............786,000
8th ..............412,000 ............330,400 ...........455,000
11th.............146,000 ..............65,000.............390,000
12th ............578,900 ............390,000..............NIL
AMUNDI finished selling
EPF Board buying ...
2017-09-18 15:39 | Report Abuse
It is going to have a good long term bright and growing future....
200 million yards of fabrics production in the Prolexus Textile Park... hohohoho!
Triple up in apparel manufacring...
can continue with the expansion in apparel manufacturing if the managements so desire, I suppose, even after the dual expansion... hohohoho!
2017-09-18 09:13 | Report Abuse
Anyone measured or estimated the prospective values of prolexus after the completion of the dual expansion?
I am very optimistic and excited and would think that it is a multibaggers on its run-up to full installed capacities over the next 2-5 years.
2017-09-17 14:12 | Report Abuse
Discounted already lah...
YoY.. sure not good lah.... Already expected mah ... isn't it?
Generally, it would not be good but not bad lah....
The expectation is completely opposite that of Magni loh..
Let's see loh ...
2017-09-15 22:18 | Report Abuse
Why look at the short term....
Just envisage after the completion of the dual expansions mah..... those manufacturers without own fabric mill would not be as competitive loh....and then Prolexus can also generate revenues and incomes from the sales of the fabrics and would not rely so much on those world leading sport wears manufacturers loh...
2017-09-15 13:51 | Report Abuse
Prolexus share price has already dropped to unreasonable level with all the bearish views and expectations priced in. Only the exciting future prospects are not priced in but has priced in the negatives like "high start-up costs".
Market has already anticipated a bad Q4 results as the management said that the prospects were " Challenging " as reported in the notes to the Q3 results when it was announced on the 30th June, 2017.
On the other hand Magni's share price had rocketed high due to exceptional good results in the past quarter. With due respects, Magni joint ventured with 5 factories in Vietnam. However, Prolexus is going to build her own factory in Vietnam with a capacity of 26million pcs which is almost double the present total capacity of 14million pcs, making the new total capacity to 40million pcs.
Don't forget that the Kluang NEW FABRIC MILL is a new business venture by going upstream or vertically integrated. It is such a strategic and ambitious investment! The Capital Expenditure in excess of 100 million with annual capacity of 200 million yards. 200 million yards ! How much is that in term of revenue? Easily RM1 Billion !!
This is the one company that can produce INCREASING PROFITS in the not too far future.....
Look no further...
Just need to have long term view and invest for the long term...
AND need to be dumb..
Dumb dumb buy and dumb dumb hold lah !
Hahaha!
2017-09-15 09:43 | Report Abuse
When the Kluang knitted fabric mill is up for production, the input costs for Prolexus Apparel factories would be much lower as would be using own produced fabrics.
Those do not have own fabric mill would not be as competitive.
Market is irrational, "investors" are only guided by QR results and this is dangerous.... Share price could be easily manipulated....
We should look at the big picture and take long term view..
2017-09-15 09:11 | Report Abuse
EPF Board buying non stop...hahaha
EPF appointed fund manager, Amundi, holding 3.3M shares , possibly a Syariah Fund, already sold out la.....
Aiyoyo!! :(
2017-09-14 18:37 | Report Abuse
Nvm ma....
People will flock here once they realise that this is a goldmine....
Some will prefer to dig first before the gold rush here... hehehehe.....
2017-09-14 17:41 | Report Abuse
http://www.malaysiastock.biz/Company-Announcement.aspx?id=999900
11.9.17
AMUNDI for EPF disposed 65,000
Date .......... Volume Done... Amundi sold....Estimate Bal...
7th ............. 980,000 ............763,800............786,000
8th ..............412,000 ............330,400 ...........455,000
11th.............146,000 ..............65,000.............390,000
12th ............578,900
Let's see tomorrow's announcement....
EPF Board has to patiently buy back ..... hehe
We just patiently dumb dumb buy and dumb dumb hold!
Yeh !!! :)
2017-09-14 09:44 | Report Abuse
制造业 增加产能
蓄势待发
一发就不可收拾
一飞冲天
爆发只是时间而已
:)
2017-09-14 09:39 | Report Abuse
Dumb dumb buy....
Dumb dumb hold...1, 2, 3, 5......years!
Dumb dumb make money...
Do not need to be too smart....
Just need to be dumb dumb...
Hahaha!
2017-09-13 19:39 | Report Abuse
Haha! Amundi managed for EPF ....sold 330,400 out of 412,000 transacted on the same day, EPF Board bought 300,000... meant EPF Board bought from Amundi from the market....lol
2017-09-13 17:45 | Report Abuse
Date .......... Volume Done... Amundi sold....Estimate Bal...
7th ............. 980,000 ............763,800............786,000
8th ..............412,000 ............330,400 ...........455,000
11th.............146,000
12th ............578,900
2017-09-13 17:43 | Report Abuse
http://www.malaysiastock.biz/Company-Announcement.aspx?id=999614
8.9.17
EPF BOARD bought 300,000 shares
AMUNDI for EPF sold 330,400 shares
2017-09-13 16:51 | Report Abuse
Amundi today no more selling...
Sporadic sellers...hehe
2017-09-13 15:09 | Report Abuse
一旦产房建好了。。品牌公司程序上会监审。。。然后就会取得订单。。。。公司已经一站式的运作,往上游开发建立织布厂房。。竞争上占了更大优势。。。必定能够争取到更多更大的订单。。
2017-09-13 12:46 | Report Abuse
哈哈! 那是总统套房,是有钱人住的。肯定是发达的。住套房是旅游时暂住的。。旅游完了,就回别墅了。。。
不像一些是住牢房,有的是被判终身监禁的!呵呵呵!
2017-09-13 12:33 | Report Abuse
Koh, 对的。。大多数,都是短线投机者。。。更何况目前流行一种投资法,就是只看季度报告表现作为买卖的抉择。。不理原由,不看长期前景。。。跟风很强。。。哈
2017-09-13 12:24 | Report Abuse
Many in the suites. Saw many big fund managers. Soon there will be big party and celebration in there.... hehe!
2017-09-13 11:54 | Report Abuse
Koh, 我们都有看清楚。就是有心人刻意不理税务,一味直指净利减少了很多。。。营业额虽然是少了。。。因为订单减少。。不过都是短期的。。本季度的业绩应该不是很理想,因为公司上个季度报告称本季度具挑战性; 不过应该也不坏。。。短期的业绩不至于影响长期向好亮丽的成长。。。
两间厂房一旦投入生产。。这就是一个难得的长期成长股。。
2017-09-13 11:38 | Report Abuse
Niki, you are right...I only approximated it ... as it is NOW including 4Q earnings, NTA should be around 1.30, then the EPS would be 12-13 sen for FY17, hopefully, if not better...hehe...
2017-09-13 10:25 | Report Abuse
https://m.facebook.com/story.php?story_fbid=1215413818468970&id=1072389909438029
Already delayed.... Once started operation, will see increasing profits quarter to quarter.....will it or won't it? :)
Stock: [TECHBASE]: TECHBASE INDUSTRIES BERHAD
2017-10-28 00:06 | Report Abuse
https://m.facebook.com/story.php?story_fbid=1769222409757155&id=280159251996819
Prolexus' Partner in Trans Pacific Textiles, Men Chuen Fibre Industry Co Ltd, Taiwan, Proof of competency.
Thumbs Up!