Posted by karadis > 2021-03-09 00:02 | Report Abuse

I got the data from KLSE Screener, which is the public data. I always believe that data can tell us the truth, especially the financial data.

Welcome everyone to discuss the points that I bring out. But please provide data to support your opinion. Because the investment should not rely solely on self-deception.

Prolexus Financial Data Analysis.
https://klse.i3investor.com/blogs/karadis/486084.jsp

Posted by dompeilee > 2021-03-09 09:30 | Report Abuse

dompeilee > Oct 8, 2020 10:32 AM
dompeilee I was very lucky to sell half my holding stuck since Dec '16 for 1.45 & 1.46 this morning. Wanted to sell all actually but got greedy & distracted by the fundamentals. After commissions I only earned few ringgit.

But at least I got back more of my precious capital!
05/10/2020 7:16 PM

SOLD the balance of my Prolexus @ 1.61


Very happy to be OUT of this prison & staying OUT =)
06/02/2021 5:47 AM


Bought back Prlexus @ 80.5c

Posted by POONJ > 2021-03-09 10:19 | Report Abuse

Fake rebound!

Posted by POONJ > 2021-03-09 10:27 | Report Abuse

Guys becareful this shark jahat betul! Bayak tipu!!

Posted by karadis > 2021-03-09 10:29 | Report Abuse

@POONJ Agree.
When I sent out the analysis results, a group of people jumped out to refute immediately. It is now obvious that they intend to create an illusion of rising, attract us to buy, and then quickly flee due to the son is nearly expired. I will wait until the price drop to 0.4, and believe that a reasonable and low risk price.

https://klse.i3investor.com/blogs/karadis/486084.jsp

Posted by POONJ > 2021-03-09 10:35 | Report Abuse

Keep using same tactics push up and sell down dunno how many times Liao!

Posted by Booyeah > 2021-03-10 08:58 |

Post removed.Why?

Posted by karadis > 2021-03-10 12:43 | Report Abuse

Prolexus (8966) 2021 Q1 Prophesied

https://klse.i3investor.com/blogs/karadis/2021-03-10-story-h1542120220-Prolexus_8966_2021_Q1_Prophesied.jsp


Please also refer to the opinion of Author: BuyCall

PRLEXUS (8966) – Latest Quarter Result [1QFY21] - Within Expectation?

https://klse.i3investor.com/blogs/buycall/2020-12-16-story-h1538250306-PRLEXUS_8966_Latest_Quarter_Result_1QFY21_Within_Expectation.jsp

Posted by sujibaby > 2021-03-10 13:55 | Report Abuse

@Karadis, Great analysis from your side.
Prolexus missed their chance to capitalize the advantage they had through product RnD team earlier. With decreasing garment orders (due to less strategic location) and mask sales (due to vaccines), they will have to shrink their operation cost to survive through.
In comparison to MagniTech which has maintained their order status, Prolexus management has much to improve.

Posted by karadis > 2021-03-10 14:39 | Report Abuse

Sweetie @Sujibaby, I am very happy to have your support. Frankly speaking, their management team is awful, unbelievable it makes the stock price fall back to the original point. They severely undermined the trust of investors in their company. Do you agree? Please share ur opinion.

Posted by dompeilee > 2021-03-10 15:19 | Report Abuse

Bought back Prlexus @ 80.5c
09/03/2021 9:30 AM

My timing really not bad =)

Posted by sujibaby > 2021-03-10 15:34 | Report Abuse

@dompeilee Kau masuk timing cantik tu. Karadis analysis makes sense. Kalau next QR keluar, and if its not better or equivalent to 15mil net, its game over then.

Posted by karadis > 2021-03-10 15:50 | Report Abuse

Suggest that we all insist on not buying, and waiting for the financial report. If really fall to the predicted revenue and profit margin, which means that all of this is true. Then the large institutions will sell off the stock definitely and fall vertically.

I will collect the share after the large institutions sell off the stock, then collect the low risk share.

Posted by sujibaby > 2021-03-10 16:24 | Report Abuse

@karadis Lost my ticket at 1.70 long time ago. Old story, heard from discussion groups that the team which make the mask was very determined. Not sure whether it is true / not, but internal politics made them to step down when the price was above 1.60. Ever since the CFO took over, with no announcements or future strategy the price drop so badly. Yeah, investors lost votes. Jialat liao..they did not make hay when the sun was still up.
Not sure of current situation now. Just sharing what i know. I bet you know more

Posted by karadis > 2021-03-10 16:47 | Report Abuse

Internal Politics?

Step Down?

What actually happen? You know a lot of information and secret. Please share to us, baby.

Shouldn't the CFO just in charge of finances only? Their CFO also leads the management and decision-making of the company?

Their CFO also the CEO?

No wonder the company is so badly managed, CFO not equal to CEO. Their vision and thinking logic are not like entrepreneurs.

Let us check their management team information first.

Posted by sujibaby > 2021-03-10 17:06 | Report Abuse

The story is old story. There were members in the groups related to people who worked in their neighbor company. World is small.
CFO promoted to ExecDirector.

Posted by karadis > 2021-03-10 17:21 | Report Abuse

Three important people in Annual Report!

Ahmad Mustapha Ghazali
Executive Chairman
(It is understood that he has sold out his shares in Prolexus and left the company)

Lau Mong Ying
Managing Director
(The largest shareholder holding the most shares)

Choong Chee Mun
Executive Director cum
Chief Financial Officer*
(E.D. cum CFO)

Sujibaby, do you mean that you know this information from their neighbor company?

E.D. cum CFO - Choong Chee Mun?

Their company promote him to become an Executive Director. It must be well-thought-out. I believe he should not be that bad! Could you please share some in-depth information for us to gossip?

Posted by Silentreader88 > 2021-03-10 19:25 | Report Abuse

fast profit in 2 days for those grabbed at 0.790/0.795.

warrant havent moved yet, for oppurtunist they know what to do :)

Posted by LycanD > 2021-03-10 20:50 | Report Abuse

WTF fast profit, you simply pick a tech stock lower budget, much more profit. Based on trend, the support is weak.

Posted by blistering > 2021-03-10 23:37 | Report Abuse

Fundamental for now wont work , but it's being fry by operator due to coming due warrant, new warrant might coming so price has to be above 1.2 or 1.5 back to create demand for the old one and the new warrant coming soon....wait for the big wave guys...im all in :D

Posted by limitupupup > 2021-03-10 23:39 | Report Abuse

end game d la,,, shark run d how to push,,, ikan bilis sendiri main

Posted by LycanD > 2021-03-11 03:04 | Report Abuse

Buy on your own risk, dun get baited.

Posted by Imnoobonly > 2021-03-11 15:21 | Report Abuse

Come mahsing... Is moving.... Hihihi...

Posted by Legend > 2021-03-12 12:23 | Report Abuse

Sapuuuu...

Posted by karadis > 2021-03-12 13:23 | Report Abuse

Based on the severe operating conditions, will Prolexus (8966) may face the cruel fact of layoffs?

https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp

Posted by karadis > 2021-03-12 14:02 | Report Abuse

These data is analyzed according to last year's financial report (2020/07), and it has been half a year since now.

According to the stock price decline trend in the past few months, it is obvious that the problem has gradually been exposed. Just like Sujibaby's internal news, the problem has worsened due to internal politics and infighting events. Ahmad Mustapha Ghazali began to sell his stocks and quit from the Board of Directors during that time period.

Posted by karadis > 2021-03-12 15:16 | Report Abuse

According to Sujibaby's previous history sharing, it is obvious that she has a full understanding of Prolexus, and may even be a member of the board of directors. No wonder she knows about the internal fighting incident.

Some people ousted the Executive Chairman?

Poor operation, abandoned by the brand, stocks continue to fall, the board of directors internal fighting, and sells the company's stock. It seems that everything is not simple.

Posted by sujibaby > 2021-03-12 17:17 | Report Abuse

The stock price did well today!
@karadis I look for info like u as well. My sifu teach me to study stock before enter. Q1 report, very good bank balance. And quick ratio only 0.345 only. Got time to get back up.

Posted by karadis > 2021-03-12 17:37 | Report Abuse

Quick Ratio only 0.345 only? Is it true?

A company with a quick ratio of less than 1 means that it is currently unable to repay liquidity resistance.

That means that if the deterioration continues, the company may go bankrupt due to poor cash flow!


What Is the Quick Ratio?
The quick ratio is an indicator of a company’s short-term liquidity position and measures a company’s ability to meet its short-term obligations with its most liquid assets.

Key Takeaways:
The higher the ratio result, the better a company's liquidity and financial health; the lower the ratio, the more likely the company will struggle with paying debts.

Posted by sujibaby > 2021-03-12 18:40 | Report Abuse

My bad. Counted the way around. Its around 2.4 something. Thats very good.

Posted by karadis > 2021-03-12 19:17 | Report Abuse

I am very happy that you can participate in the discussion, Baby.

As I shared below:
https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp


"First, let's look at the following key contents of Prolexus's financial report:

a. 24. Borrowings
b. 18. Cash and Bank Balances,
c. Statement of Cash Flow
Understand that:

Total Borrowings = RM 94,198,000
Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


According to data, Prolexus has more than 3,000 employees. We assume that the average salary per person is RM 2500/month, which represents the monthly fixed labor cost expenditure = RM 7,500,000 (Yearly = RM 90,000,000)


Is it mean that:

Thinking points 1:
Their Cash and Bank Balances can support 1 year's fixed labor cost, if there is no order income at all. Of course they still have income although their revenue decline, but this is warning that their fixed cost (single labor cost) is very high in the case of order reduction, cash flow will turn to negative cash flow. So there is a great possibility that they will plan to “lay off” employees!

Cash and Bank Balances = RM90,198,000
Fixed labor cost = RM 90,000,000


Thinking points 2:
Their Cash and Bank Balances can support 7.4 years of Bank’s Loan-Repayment / Dividend Paid / Payment:

Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


Although Their Cash and Bank Balances can support 7.4 years of Bank’s Loan, but the money is liquid, it needs to flow according to the actual needs, such as salary payment, turnover of raw materials purchasing and etc.. So the actual support period may only be less than 2 years."



-------- Mean that, we should not just can't simply judge the company's fundamentals based on the level of Quick Ratio, we need to consider their current actual operating conditions, especially the historical financial data presents the facts that have occurred, not the current performance, and there is a problem of lag. This is why the last quarter's financial report was good, but the share price has been declining ever since.

I strongly believe you are the insider in Prolexus according to what you were sharing. Could you please share some in-depth information for us to gossip? Don't run away from my question!

Posted by sujibaby > 2021-03-12 19:34 | Report Abuse

Yeah, they may reduce manpower for healthy cashflow. Haha. The guys from PCCS will share insider stories in discussion group. They already lose some good customers and working on own brand with better profit margin.
All employee got pay cut last year ready. Many left because not happy with management.

Posted by Redsea > 2021-03-13 18:53 | Report Abuse

In summary, prolexus going to bankrupt soon and avoid this company at all cost? Am i right?

Posted by Eastern686 > 2021-03-13 20:12 | Report Abuse

Prolexus is a 60¢ per share company.

Posted by karadis > 2021-03-14 16:58 | Report Abuse

Prolexus going to bankrupt soon. I don't agree with the view, because none of their situation has reached such a pessimistic point. The core reason is they still have the resources can be dissipating or wasting. You can fully understand my point of view through the following links:

https://klse.i3investor.com/blogs/karadis/489280.jsp

Posted by Legend > 2021-03-15 00:21 | Report Abuse

Bought 0.80...now 0.885...next week 1.00..ok la..haha

Posted by Legend > 2021-03-15 08:51 | Report Abuse

Today will fly...

Posted by dompeilee > 2021-03-15 09:16 | Report Abuse

dompeilee Bought back Prlexus @ 80.5c
09/03/2021 9:30 AM
If results good, back above 1.00 =)

Posted by rocky_88 > 2021-03-15 10:09 | Report Abuse

warrant can Lu today hehe

Posted by alvin1188 > 2021-03-15 10:17 | Report Abuse

hahaha.... Karadis is such a joker... oopppp... most likely not a joker,... but a daydreamer who thought he can influence ppl to sell cheap to him so he can collect.... ahhahahahahhaha.... look at this so-called analysis and even his baseless prediction of Q1'2021, that is ridiculous...he even predicted the revenue and profit for Q1... hahaha.... where did the number come from??? from the sky... so it is quite obvious he is trying to influence ppl to sell cheap so he can collect cheap... wow, his act is indeed "CHEAP".... hahahahahahha

Posted by alvin1188 > 2021-03-15 10:18 | Report Abuse

unless this Karadis (sinkalan) is the accountant of Prlexus, else where did he get the Q1 numbers from? I also can predict the Q1 number double, tripple, right? hahahahahahahaha

Posted by alvin1188 > 2021-03-15 10:19 | Report Abuse

read this article from Sinkalan Karadis: (hahahahahahahahhaha, so funny)

https://klse.i3investor.com/blogs/karadis/2021-03-10-story-h1542120220-Prolexus_8966_2021_Q1_Prophesied.jsp

Posted by Msspirit > 2021-03-15 12:39 | Report Abuse

PRL come already..this week will limit up...the moment you choose PRL is nto about fundamental already...its about gorengggggg....so..put aside karadis post..lol...if want fundamental go greatec mi jftech etc..If PN17 stock can limit up ....why queries about normal stock

Posted by dolphin8838 > 2021-03-15 12:55 | Report Abuse

Good try karadis, good try. I didn't want to rebut you earlier; preferring the share movement do the talking. The charts has been positive when you painted cloudy skies and much negativity into it.

Posted by Greed_kills > 2021-03-15 13:18 | Report Abuse

https://simplywall.st/stocks/my/consumer-durables/klse-prlexus/prolexus-berhad-shares
Fair value RM33. and its not a RSS counter.

Posted by karadis > 2021-03-15 13:23 | Report Abuse

It turns out that my comments can stimulate the dealer to buy, which is really great. It's interesting.

I look forward to today's continued boom. If you want to arbitrage, you can arbitrage now. If you want to influx, then you can continue influx. It's good for everyone to be happy.

I am also looking forward to the final result of my research after the QR come out.

Posted by karadis > 2021-03-15 13:30 | Report Abuse

Research is an interesting thing. It can help us dig out the truth of the facts and find the logic of the evolution of things. It will enrich our imagination and analytical ability. This will be a great asset. I will continue to study Prolexus to verify my views and let me become a great analyst.

For example, after my seemingly negative sharing, purchasing power has flooded into it today. What about the logic of this and the show of the next trend?

Posted by LycanD > 2021-03-15 13:36 | Report Abuse

People attracted by positive momentum.

Posted by lhakim > 2021-03-15 15:11 | Report Abuse

So what happen today?

Posted by rocky_88 > 2021-03-15 15:14 | Report Abuse

LU will happen