I agree with Charlie. Let's just hold on and see

Karadis (before buying Prlexus): guys, this is a lousy company, sell off now
Karadis (after collecting Prlexus): guys.. it is wise to hold the shares..


hahahahahahahahhahaha

hahhahaah... guys... see.. last time this cheapskate karadis purposely badmouthed Prlexus.. asked ppl to sell at low price... see what happened now? he collected from those who listened to him and sold cheap to him... it has proven that I was right, Karadis (the mean conman) is very interested in Prlexus as he sees the values and prospect in it... he is such as mean person...

@Charlie... i just noticed another hidden GEM - EVERGRN... go check this out.. easily give you 50% return in a year...

easily can make 8-10sen EPS in 2022, could be more.. so share price of 94 sen is definitely reachable

i think HL bank's target price of 94 sen is reachable, by looking at the demand for MDF, PB & RTA now due to WFH culture and backlog orders

holy shxt, i just noticed that EVERGRN NTA is RM1.22, almost double of its current share price.. what a bargain!

so we just wait and see... YB Venture bought it for its future prospect

@Charlie, besides high NTA, they are net cash company too. Total cash 104.5mil, total debts 72.5mil. net cash of 32mil !!!

@charlie, correct. and probably they have secured some big orders or new customers... else YB Venture won't be so stupxd to invest so much into it.

in fact, I think YB Venture is still collecting from the open markets. Let's watch for the Bursa announcement for the next couple of days/weeks.

new big shareholders YB Venture has collected 44,033,000 shares or 16.48% of the total shares via its subsidiaries Yi-Lai Marketing & Yi-Lai Industry. This shows that something is brewing otherwise they won't buy in so much regardless of the price (up to >80sen). That means they know the future value of Prlexus is definitely more than 80 sen. Guys, keep the shares and don't sell yet. It is not the time to sell yet.

where is my old friend Karadis? :P

@Charlie https://www.investopedia.com/terms/c/closeperiod.asp#:~:text=During%20the%20close%20period%2C%20insiders,months%20prior%20to%20annual%20reports.

it's actually simple. Because the insiders (directors/owners, etc) have the first hand info before the QR is released (around 30 days before the release of the QR), they already knew whether the results are good or bad. So, if they want to trade their shares during this period, they must notify Bursa to avoid misappropriation of the insider's news.

haha... i did not want to badmouth him actually.. but he started all the non-sense and personal attacks on me first without even having some basic financial knowledge... scroll back up and see what kind of jokes he made...

one good example: he does not even know what is "Intention to Deal During Closed Period"... and simply said the directors are doing some hanky panky jobs behind the scene... he is indeed a joker

congrats to those who bought it cheap earlier on. I agreed with what Jeremy said, looking at the profits it is generating and the PB ratio, this is an undervalued GEM!

@learnbyheart, yes, i am still holding it.. I know it is going to recover sooner or later. it's just a matter of time. Karadis probably knew it too, that was why he spent so much time spamming his comments here asking ppl to sell off cheap to him... hahahahahahha

@learnbyheart, no worries about your entry price... just watch and see what happens next

i think Karadis quietly bought in many shares last time when he purposely attacked and sabotaged Prolexus... now he is laughing all the way to the bank... (i hope so)... else, he is crying at home now

hi guys... it has been a long time ... was super busy with some business so did not come here for quite a while... where is my old friend Karadis? haha

look at the last paragrapgh:

The Group’s operations in Thailand and Indonesia contributed positively to help
alleviate the losses in Malaysia in the current quarter and looking forward, the
Group is cautiously optimistic that after emerging from FMCO, its Malaysian
operations too, will contribute positively to the overall result.

in Q2 & Q3, Evergreen's Malaysian operations were affected by FMCO and they were forced to shut down. Malaysian sales and profits were impacted (see a loss), but Thailand and Indonesia contributed positively to overall group, so we still see overall profit.

In Q4, no more FMCO in Malaysia, the company expects much better results ahead.

No wonder ppl keep collecting it now...

very optimistic remarks in the Q3 report:

Commentary of Prospects
There has been increased optimism as countries start opening up their economies.
Even though Covid19 still remains a risk, countries are learning to live alongside it
as we adapt an ‘endemic’ point of view, rather than a ‘pandemic’.
Malaysia too, has better prospects as the country emerges from the Full Movement
Control Order (FMCO) which has been restrictive on most business activities.
Nonetheless, Covid19 remains a concern with an uptick in number of new cases
being reported.
During the 4 months of mandated shutdown from the Malaysian FMCO, it was the
Group’s diversified base of operations in Thailand and Indonesia that gave it the
resilience to remain profitable, with much improved contributions from its
Thailand operations due to an increase in panel board prices, as general economic
activities picked up around the world.
Nonetheless, there remain headwinds. The quick resurgence of economic activities
in China has put further strain on the logistics industry which continues to struggle
with limited shipping capacities. The Chinese resurgence also resulted in higher
costs of many commodities with supply-side playing catch up to high demand. The
lack of sufficient electricity in China further limits supply of materials. Of
particular concern is the increase in the price of raw materials used in the
manufacture of glue which was on a sharp rise, in tandem with oil price increase.
The price is currently stabilized.
All these challenges are balanced with more positive economic outlook. With
better overall demand in the Group’s key panel board product segment, the
increase in average selling price has thus far, kept pace with the increase in cost.
The Group will continue to work closely with its customers to optimize its pricing
structure while maintaining a healthy order book.
The Group’s operations in Thailand and Indonesia contributed positively to help
alleviate the losses in Malaysia in the current quarter and looking forward, the
Group is cautiously optimistic that after emerging from FMCO, its Malaysian
operations too, will contribute positively to the overall result.

the fire incident will only cause around RM100K loss but why today the share price dropped a lot? any other news?

1. Evergreen Fibreboard (JB) Sdn Bhd (EJB) is a wholly-owned subsidiary of Evergreen Fibreboard Bhd with operations in Pasir Gudang and Segamat, Johor.
2. The fire incident which occurred on 11 December 2021 happened in its Segamat premise, had damaged the wood fibre storage bin. Aside from this storage bin, the fire did not damage other sections of EJB's machineries which are currently in operations.
3. As the cause of the fire in the wood fibre storage bin is still under investigation by the Fire Brigade's forensic department, Management will commence repair works immediately after the Fire Brigade completes their investigation. It is estimated that the cost of repairs will not exceed RM500,000.
4. EJB's Segamat operations contributes less than 5% to the Group's turnover. Potential profit foregone from the downtime is estimated to be around RM100,000, based on the duration of downtime expected for repair works. Therefore, based on above estimates, the temporary disruption to EJB's Segamat operations is not expected to have any significant impact on the Group's financial result for the financial year 2021.

feel sorry to hear about the casualties. Btw, Evergreen mentioned:

“Based on the management's initial assessment, the damages are not material as the fire only affected a section of EJB's wood pellet production line.

@Karadis, have you already signed up basic/amateur investment class and studied what it means by "dealings outside closed period"? hahahahahahahahahahaha...
whenever I saw this term, I think of you....

jojo69, before you claimed that someone is not respecting you, please la... u started the nonsense talk of father & son... so I just "returned" the same to you

wow.. looks like karadis = jojo69 = Jason... look at the way how they replied... same style...

Btw, jojo69 (who is also karadis & jason), you showed bad-virtue to me, not me.

You started this nonsense talk which insulted me:


jojo69 Seeing Alvin's positive response, how did it feel so obvious that he was like an insider.

At the same time, Alvin responded to Jason in the same tone as his father taught his son, I was watching and laughing.

So, this statement is correct!

"Positive sign/surprise is - during this MCO3.0, they have better revenue/sales in Q4 on apparel compared to Q3 (when no MCO3.0):
in Q3 - total revenue is 35,371 (without MCO 3.0)
In Q4, - total revenue is 38,671 (with MCO 3.0)"

jojo69, don't simply say my information is incorrect. I took this information from the latest quarterly report.

Don't be lazy, go read their latest QR. I don't want to be like a father scolding a lazy son.

in the QR, it is stated:

Current quarter results have been negatively impacted by the Movement Control Order 3.0 starting from 1 June
2021 whereby business activities are restricted to essential service sectors only. The operation of non-essential
service in the textile and apparel division were suspended and this has impacted the product delivery schedule to the
buyers. Besides actively engaging with the buyers on the rescheduling of delivery dates, the Group has seek
alternative with the China plant.

prlexus has a NTA of 99sen/share, now share price is less than half of its NTA... u think about it.. when they MCO is over and they can fulfill the sales delivery, guess what? u think about it yourself

@Jason - don't simply look at the summary of Profit & Loss table.. everyone knows how to read it..
learn how to interpret the details and reasons behind...
See, give you free lessons already..
ok, those who wanna sell off... please sell now.. I want those weak holders to get out of the shareholding...

To be frank, the results are better than what I expected as I expected a bigger loss due to the MCO3.0 restriction on non-essential apparel business.

in the QR, it is stated:

Current quarter results have been negatively impacted by the Movement Control Order 3.0 starting from 1 June
2021 whereby business activities are restricted to essential service sectors only. The operation of non-essential
service in the textile and apparel division were suspended and this has impacted the product delivery schedule to the
buyers. Besides actively engaging with the buyers on the rescheduling of delivery dates, the Group has seek
alternative with the China plant.

Positive sign/surprise is - during this MCO3.0, they have better revenue/sales in Q4 on apparel compared to Q3 (when no MCO3.0):
in Q3 - total revenue is 35,371 (without MCO 3.0)
In Q4, - total revenue is 38,671 (with MCO 3.0)

What does this mean? they have won more sales orders from customer in last quarter just that they were not allowed by government to operate.

This slapped the face or those haters that they lost business in apparels.

The main reason why they have a loss in the latest quarter is - MCO3.0, not allowed to operate.

Imagine if there is no MCO3.0, I am quite sure they will show positive profit.

Of course another risk is shortage on foreign labor but every company has that issue now.

@Jason, hello..
do you know how to interpret the QR? let me teach u now

with the delta variant being rampant throughout the whole world, we see that countries like USA, EU are reinforcing their ppl to wear a mask again when entering indoor premises. So it is likely that the sales of ProXMask and fabric will be boosted due to higher demand now.

very misleading so-called rubbish analysis... please... study all NIKE and ASICS segments to understand which segments are growing and which segments are slowing down... if Prolexus is sub-contracting segments that have slower business, then it is normal that Prlexus sales is impacted too...

@sujibaby, even if Prolexus has firm connection of their main customers, if their main customer's sales on knitted products dont sell good, will Prolexus benefit from this?

@sujibaby, you are a more sensible person. I agree with you that there is still room for Prolexus management to do better. What I pointed out mainly is, if you compare Magnitech directly with Prolexus, they sell different types of apparels and if knitted fabric products dont sell good in the market, their sales will not be good too. So we cant just compare apple to orange.

@Shareburger, dont talk nonsense... losing the customer versus selling less to the customers are 2 different things.. okay? What I pointed out is, Karadis sabotaged saying they totally lost the customers.. but the management indicated lower sales but that that does not mean lost the customers.. when did I mislead ppl? I gave all the correct info, okay?

@jojo69, are you naive? Tell me how we can get more info if we dont check with their management? Unless you are the board of directors or key management team members of the company, else how can we shareholders know more info without checking with them?

@cookielookz, please scroll up and see my earlier comment. I emailed their management and asked if they lost key customers like Nike and ASICS (as joker / scammer Karadis said he heard "rumours" they lost these main customers...hahahahahahahaha.... rumours...)...
then reply I got from the management is, these customers are still with them. Maybe because of the lower sales from NIKE / ASICS on knitted fabric product (which Prolexus mainly produces), we see that Prolexus recorded lower sales too.

But it is a joke that this joker Karadis simply sabotage them saying they lost these customers without having a proof...

in fact, it is quite obvious that he spent so much time here because he wanted to see the share price drop so he can jump in to collect them cheap...

else, why spend so much time here to "save" ppl??? hahaha... is he a SAINT?? so kind??? haahhahaha

guys, judge by yourself why Karadis is here...

@Sujibaby, I saw your analysis that you shared. I think most of the facts you put in the your analysis is good and solid.
But there is one point i have to highlight.

Magnitech mainly do woven fabric apparel while Prolexus do knitted fabric apparel.
See the difference here (see, i give facts, unlike joker Karadis said he heard rumours)
https://revolutionfabrics.com/blogs/gotcha-covered/when-to-choose-a-woven-fabric-over-a-knit-fabric#:~:text=The%20main%20difference%20between%20knit,a%20single%20yarn%20or%20thread.

So you cant compare apple with orange. both apparel products have different markets so it is not fair to compare their sales with Magnitech directly.

Of course I do think Prolexus management can improve on their sales strategy too, so I will write to their management to get some more insights

My stance is firm, during pandemic and seasonally low quarter (Q3 is always Prolexus's low quarter), how can you judge a company based on a single quarter?

hahaha.... guys, let me tell you a joke..

A kindergarten level joker @Karadis who does not even understand the meaning of "DEALINGS OUTSIDE CLOSED PERIOD" and simply define his own meaning for this term, yet he is calling himself a "great but low-profile" master..

hahahahahahahaha....

come on la... if you dont even understand the terms, at least do some homework and google for it...

if someone who is so lazy to even google for the meaning, can you trust his so-called analysis?

hahahahahahahahah..... what a joker....

I agree with putolim, you should analyse the trend as Q3 normally is the weak quarter based on past years' record. Though the result is worse than what I expected for Q3, but that is still acceptable. You can just judge based on 1 single quarter result, can you?

hahahaha... karadis is indeed a joker... come on la, go back to school to study what the term "dealing during closed period" means before you act like a master here...

@Newbieinshare, thanks for pointing out Karadis's low-class ignorance before I wanted to do so...

hahaha... such simple term also he didnt know, but still act like a master..

always talk nonsense... i have rumours.. bla bla bla...

why he is so shameless???

@learnbyheart, yes, I am still holding

@learnbyheart, you have very good imagination... maybe you are always using multiple accounts so you thought others are same like you...

https://www.prolexus.com.my/contact

they also have another site in Penang

TheContrarian Prolexus have manufacturing operations in China or not?

@TheContrarian - yes, they have plant in China
https://www.prolexus.com.my/about-us1

They have apparel factory in CHina & Johor.
They have fabric factory in Johor (Fabric is the raw material to make apparel/sports wear/masks)

So they have vertically integrated model to control raw material costs. If they have extra fabric, they can sell to other apparel makers too