Posted by Steve Ong Wei Siang > 2015-01-19 18:15 | Report Abuse

My TP set at RM2.28. But this is not a Buy/Sell recommendation. Kindly review to understand the company better and make your own call depend on your investment/trading strategy.
http://bullandbearresearch.blogspot.com/2015/01/prolexus-undervalued.html

Posted by Invest123 > 2015-01-20 12:23 | Report Abuse

RM1.65 might be very soon as I see it!

Posted by Steve Ong Wei Siang > 2015-01-21 10:05 | Report Abuse

My view on the current price rally - USDMYR has appreciated over 10% since FYE and 1Q end. The 2Q ending 31-Jan result is going to be explosive with possibly over 3m of forex gain (since FYE14) due to their USD-asset exposure (over RM25m usd of cash deposit in FY14). Gross margin may see a boost of 3% or more as products sold at pre-determined price in USD will be translated higher price in RM. This give a special one time earning before the customer request for price reduce. But trader have to be beware, Smart Money can possibly be exploiting this opportunity. They accumulate the stock and bring it up before earning announcement. After announcement, they can sell-on-news to retail buyers who regret of not buying earlier.
Besides that Smart Money hypothesis, the rally can also be a normal market response to USD appreciation.

Posted by michaelwong > 2015-01-21 11:30 | Report Abuse

Steve Ong , Thanks for your sharing and if possible please don't mind to share more in the coming future ! Have a nice day , bro .......!

Posted by 陈炎 > 2015-01-21 19:26 | Report Abuse

Steve ong ,i bought very very cheap but problem now is i know no to sell it u think at this price 145-160 can sell first or not or keep until next Q thank alot
(English not good hope can remember)

Posted by ckwan11d > 2015-01-21 21:33 | Report Abuse

Steve Ong, how to go your blog and read your other research works. OKA Corp was the 1st and Prolexus Bhd was the 2nd......

Posted by Steve Ong Wei Siang > 2015-01-21 22:27 | Report Abuse

Lol, I can't tell u can sell or not. Depend on your strategy. But since you hold for so long, u look more like a long term investor. If market is good and the stock is not expensive, can keep for longer.
The website is bullandbearresearch.blogspot.com. Hope there are any proffessional out there spot my error, I strike to be accurate but it is not error-proof

Posted by Icon8888 > 2015-01-21 22:32 | Report Abuse

Thanks Steve for the write up

Posted by ckwan11d > 2015-01-21 23:06 | Report Abuse

Thank you very much Steve.

Posted by 陈炎 > 2015-01-22 06:33 | Report Abuse

Thank. Steve

Posted by paperplane > 2015-01-22 13:13 | Report Abuse

good to hold at least till Q2

Posted by alibabacoming > 2015-01-26 15:50 | Report Abuse

huat huat

Posted by Shah Faisal > 2015-01-27 21:11 | Report Abuse

The board of directors are serious ppl..they mean business..it is a good company for long term aswell

Posted by lepaklangkawi > 2015-01-27 21:16 | Report Abuse

serious busuness! serious ppl! mean business! good stuff bro

Posted by Collin Soo > 2015-01-27 22:46 | Report Abuse

Now is overbought already! Correction will come at anytime

Posted by BullsComing > 2015-01-27 23:30 | Report Abuse

after correction another new high is coming.. don miss the boat

Posted by Invest123 > 2015-01-28 01:03 | Report Abuse

RM2?

Posted by paperplane > 2015-01-28 07:08 | Report Abuse

Overbought? ANything below 2 still cheap now.

Posted by michaelwong > 2015-01-28 12:30 | Report Abuse

Mild profit taking , still under value . . . ... . Will rebound back ! More upside potential in place!

Posted by Collin Soo > 2015-01-28 20:58 | Report Abuse

I like correction! Cheers

Posted by Invest123 > 2015-01-29 22:52 | Report Abuse

If not bec. of DJ down so much, it should be above 1.70 now

Posted by EdwinS3 > 2015-02-04 17:09 | Report Abuse

Even DJ up so much, Prlexus is still down today. It is correction for Prlexus now.

Posted by gohcheehoh > 2015-02-04 23:26 | Report Abuse

Prlexus having good run after declared dividend and bonus issue. These few days correction is to prepare rm 1.8 soon...

Posted by EdwinS3 > 2015-02-05 09:48 | Report Abuse

Big gap at 1.4-1.5, weak support and potential of drop is there

Posted by michaelwong > 2015-02-05 13:43 | Report Abuse

Seems like going into the phase of consolidation after recent hefty gains .Volume shrink and to findits support level !

Posted by joni > 2015-02-06 16:26 | Report Abuse

to break resistance 1.57 then go higher

Posted by gohcheehoh > 2015-02-07 02:34 | Report Abuse

Volume start to pick up. Train start again. Heading to rm 1.8 soon....

Posted by paperplane > 2015-02-07 02:40 | Report Abuse

Ding dong so long

Posted by Elvin Beh Chun Yen > 2015-02-07 18:59 | Report Abuse

there's a nice write up in the edge weekly. Monday will see some buying interest :)

Posted by Invest123 > 2015-02-07 23:37 | Report Abuse

Yes!

Posted by gohcheehoh > 2015-02-09 23:25 | Report Abuse

With USD keep strengthening, prlexus will heading to rm2 soon.

Posted by Invest123 > 2015-02-11 20:27 | Report Abuse

Now makan, makan enough then jalan cepat cepat!

Posted by Invest123 > 2015-02-14 12:23 | Report Abuse

Don't miss the boat

Posted by gohcheehoh > 2015-02-15 01:43 | Report Abuse

With USD Strengthening n US economy picking up, PRLEXUS will exceed rm 1.8 before Mar end financial announcement and Stretching for rm 2 if economy continue improving.
Potential of 20% to 30% upside with 2 months

Posted by davidlai63 > 2015-02-15 03:10 | Report Abuse

Hi Everyone, this counter I still can go in ? Will it be too high price currently ??

Posted by Invest123 > 2015-02-15 21:41 | Report Abuse

Up the whole week this week. Good news here and there

Posted by paperplane > 2015-02-16 00:46 | Report Abuse

Actually , wat competitive advantage it has?

Posted by paperplane > 2015-02-16 11:42 | Report Abuse

bye bye prolexus, switch to IQ Group. Dont like garment biz for longterm

Posted by gohcheehoh > 2015-02-16 15:05 | Report Abuse

Prlexus will follow Hevea and Lattitude upward trending - easily another 50% upside. Both also consumer and advantages on USD exchange rate. one is doing furniture and other is garment.

Posted by KWTAN > 2015-02-16 15:41 | Report Abuse

Gong Xi Fa Chai! ^^

Posted by joni > 2015-02-16 15:57 | Report Abuse

sell 50% ; noticed strong resistant.

Posted by gohcheehoh > 2015-02-16 16:00 | Report Abuse

people start to discover the potential of prlexus. buy before it become another Hevea.
( from 0.6 to 2.8 within 1 and half year )

Posted by Steve Ong Wei Siang > 2015-02-16 17:27 | Report Abuse

Plexus customer is mega corporate like Nike, who have strong bargain power. Nike should ask for discount to take a share of the benefit of strengthening USD. While furniture is generally facing smaller buyers. Hence, GPM for Prlexus is generally flat while furniture players is volatile. The coming result of furniture company is expected to be strong. While sales growth is expected to be moderate at single digit rate, GPM should improve by a few percentage point. That should drive significant PAT growth especially for thouse did not hedge. Pohuat and hevea should the biggest gainer.

Posted by CCCL > 2015-02-16 17:32 | Report Abuse

Darling stocks: export oriented stocks. Huat aaaaarrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.

Posted by paperplane > 2015-02-17 08:51 | Report Abuse

Still think no competitve advantage, buy IQ Group better

Posted by BullsComing > 2015-02-17 16:43 | Report Abuse

paperplane am tiu === miss the boat kikikiki

Posted by gohcheehoh > 2015-02-17 22:40 | Report Abuse

Prlexus going strong and high possibility to exceed rm 1.8 by feb end.

Posted by Shah Faisal > 2015-02-18 00:35 | Report Abuse

Looks like the company going to collect ang pow from market tomorrow..

Posted by gohcheehoh > 2015-02-23 22:30 | Report Abuse

Right trending and volume. Testing rm 2 soon. Grab some before too late.

Posted by Icon8888 > 2015-02-23 22:32 | Report Abuse

This Q result must be good