Posted by iloveshare128 > 2016-08-24 14:02 | Report Abuse

the share price is plunging recently... R40s, any insights for such fall?

Posted by ww333 > 2016-08-24 14:58 | Report Abuse

what happen ..QR out next mth..

Posted by R40s > 2016-08-24 16:38 | Report Abuse

No big reasons for the sell-off, may be a certain fund manager is disposing their shares for cash...

BoPoint, maybe you have some feedback from your source?

Posted by noah > 2016-08-24 18:54 | Report Abuse

no liquidity of shares is the main reason

Posted by R40s > 2016-08-26 07:52 | Report Abuse

Yesterday's news about a local fund's sell down of several stocks, which RHB Asset Mgmt denied they are the one, could Prolexus be one of the stocks?

http://www.thestar.com.my/business/business-news/2016/08/25/no-selldown/

Anyway, Prolexus shares is oversold by now...

Posted by R40s > 2016-09-07 19:08 | Report Abuse

Expecting a good Q results? Q4 report end of this month...

Posted by noah > 2016-09-07 22:20 | Report Abuse

this company should be compared Q with Q.
result of Q1 16 should be compared with Q1 15 result.
just do your homework and you know what comes next.

Posted by brokelad > 2016-09-18 23:18 | Report Abuse

hi sifus, good time to enter now at 1.40?

Posted by brokelad > 2016-09-19 11:36 | Report Abuse

considering dividend % to current share price roughly at 1% and as mentioned plants in johor n vietnam will only be fully operational after 2017

Posted by JL09 > 2016-09-19 15:19 | Report Abuse

time to gather!!!! result release month end!

Posted by wecan2088 > 2016-09-22 11:05 | Report Abuse

Next week will annouce good results

Posted by wecan2088 > 2016-09-22 11:05 | Report Abuse

Buy now

Posted by master_tan > 2016-09-27 11:12 | Report Abuse

seems good result going to announce.....

Posted by iloveshare128 > 2016-09-28 13:06 | Report Abuse

http://www.marketwatch.com/story/nike-sales-and-profit-rise-orders-growth-slows-2016-09-27

guys... this is interesting to read...
Nike said its futures orders, which reflect products scheduled for delivery from September through January of next year, rose 5% on a global basis, below the increase of 9% a year earlier and the 8% growth logged for the previous quarter. Futures orders are closely watched by investors as a benchmark for demand for Nike products.

Will we see a scenario that Prlexus is done with the expansion plan (new factories all set up) but Nike (as the major customer) reduce the orders in 2017...

Posted by iloveshare128 > 2016-09-28 13:09 | Report Abuse

even if Q4 posted a good results in these few days... we may still think twice about the future of Prlexus due to the slower growth of Nike and other apparels companies... it is because that other contractors for Nike (like Magni, etc) are also expanding and it may cause over-supply in the next few years if Nike's growth is very slow...

Posted by iloveshare128 > 2016-09-28 13:11 | Report Abuse

R40s, mind to shed some light on the above doubt?

Posted by Investar > 2016-09-28 16:48 | Report Abuse

that's d risk of a company with a single largest client taking huge chunk of revenue.
but looking at their relationship with nike for all d years.
there is chances that nike would take in their capacity due to the quality of products that they can deliver.

even growth of nike slow, it is still growing and they got to choose to buy from which supplier

Posted by iloveshare128 > 2016-09-29 10:34 | Report Abuse

CKSipoh, can you share with us the % of Nike revenue in Shoes, Apparels, etc divisions?

Posted by R40s > 2016-09-29 11:18 | Report Abuse

Looks like stocks investment worldwide are now dominated by short-term traders who look for instant returns, Nike share prices which have already fallen 11% this year, fell 4.4% further, despite EPS grow from 67¢ to 73¢ or +9% and +7.7% increase in revenues.

Don't forget this future orders +7% increase (minus USD currency appreciation effect) is actually compounded from the growth of 17% a year earlier! To USD denominated exporters like Prolexus, it means +7% growth, plus USD appreciation effect would contribute very positively to their profit margin, in contrary to the USD strength's negative impact on USD-based companies like Nike...

Posted by R40s > 2016-09-29 11:37 | Report Abuse

In the real insdustries, their top management team are often faced with tough Catch-22 problems, if their business grow faster than their factory production, what should they do? They can either fold their arms and sit on their laurels doing nothing and let the orders slide to their competitors, or invest to increase their capacities to seize the opportunities for more orders later.

But real factories need time to build, and finances need time to source, so they can't look at growth on Quarterly basis, it should be on yearly basis minimum, or even 5-yearly long-term basis. Unfortunately nobody own a crystal ball that can accurately predict the 5-year future. So they can either use short-term solutions like outsourcing to rely on other producers, or make the bold move to build new factories to expand their capacity. Which solution is better? Only time will tell...

Posted by R40s > 2016-09-29 11:58 | Report Abuse

When the orders slow down, and the principals have the luxury to choose their suppliers, who would they prefer? Will they choose suppliers who have vertically integrated manufacturing facilities with better quality assurance, at lower costs, better and faster delivery reliability, who have long-term relations with them. Or will they still go for suppliers who outsource their production to third parties with more uncertainties of outcome?

Who would want to build new factories if the eventual winners are always those who don't need factories and rely on others to produce? Lately, Berjaya bosses have sold off their substantial shareholdings in MagniTech, can this provide a clue to this outcome? Vincent Tan is well-known as a shrewd long-term investor...

iloveshares128, do you have any insights on Berjaya's decision to cash out from MagniTech?

Posted by noah > 2016-09-29 17:27 | Report Abuse

record high profit!!

Posted by R40s > 2016-09-29 17:38 | Report Abuse

Net profits jumped +57%, although revenues up only 4.4%, best Q4 results ever...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5217749

Posted by wecan2088 > 2016-09-29 17:52 | Report Abuse

Tomorrow prlexus will rise?

Posted by R40s > 2016-09-29 18:23 | Report Abuse

Hopefully, if based on conservatively PE10x, the Fair Price should be about Rm1.70. If based on forward PE 2017 with their forecasted growth, it should be even higher...

Posted by nocindycat > 2016-09-29 18:23 | Report Abuse

US' consumer spending creeping up

RM90m net cash, market cap RM250m, hmm.iinteresting

Posted by CKSipoh > 2016-09-29 20:16 | Report Abuse

as long as sales for Nike apparel division is increasing,,,,no worry for this stock,,,but one thing is that D management is not so promising,,,so trade at your own risk

Posted by wecan2088 > 2016-09-29 20:33 | Report Abuse

What is prlexus fair value?

Posted by CKSipoh > 2016-09-29 20:41 | Report Abuse

depends who is D big player behind D show tmr ,,,,,

Posted by muscular > 2016-09-29 21:00 | Report Abuse

Engine starts liao

Posted by wecan2088 > 2016-10-01 11:18 | Report Abuse

Target rm2.00.

Posted by wecan2088 > 2016-10-01 11:50 | Report Abuse

I will buy more. This counter P/E less than 10.

Posted by JL09 > 2016-10-04 14:46 | Report Abuse

Technical Outlook

Prlexus has broken above its intermediate downtrend line, RR at RM1.45. Its next resistance is at RM1.60 & then RM1.70.

Posted by crossroad > 2016-10-12 10:55 | Report Abuse

At 20% premium, the wa is worth 68 sen based on mother price of RM1.57 now.

Posted by crossroad > 2016-10-12 10:55 | Report Abuse

When Ibhd waarrant first listed, premium shot to 50% or more... quite crzy

Posted by R40s > 2016-10-12 11:46 | Report Abuse

Crossroad,

Agreed with you, in fact, Prolexus-WA should deserve higher premium, around 25-30%, that's what we should get based on Black-Scholes Theory (instead of some ballpark figures made from some Black-Hole's assumptions... :-) ).

This is because the WA has a good "Gearing Ratio" of 2.5~3x with long 4.75 years period to maturity, and the mother share is a growth stock with an average annual growth rates of 15~20% for the past few years, and this growth trend, in the professional views of the Company's BOD, will continue in the foreseeable future. This trend is also stated by Life1nvest's article in i3 yesterday:

http://klse.i3investor.com/blogs/Life1nvest/106216.jsp

Posted by Chengkai Kck > 2016-10-13 10:56 | Report Abuse

USD strong izzit good for them??

Posted by JL09 > 2016-10-14 10:01 | Report Abuse

Yes definitely!

Posted by Jenas Tan > 2016-10-14 16:15 | Report Abuse

push the engine

Posted by R40s > 2016-10-15 00:55 | Report Abuse

Prolexus share prices go up slow and steady nowadays, it means that real investors are buying in slowly. This is surely better than go up fast and down also fast like a flash in the pan, which is mainly due to day-traders and contra-players. Check up the list of their 30 biggest shareholders, most of them are held by trust funds, these are usually long-term investors.

The next Q results should also be promising, as the USD/RM Exchange rates is getting stronger and the trend should continue. The Rio Olympic-2016 in August month should generate more interests in Sports worldwide after that, this should help boost up the sales of sports wears, and this should benefit Prolexus sales and profits.

Posted by bestbuy > 2016-10-18 23:31 | Report Abuse

Great investment in Vietnam, cheap labour and strategic locatio

Posted by weng > 2016-10-20 19:38 | Report Abuse

Does anyone have the recent research report from AmInvestment Bank?

Posted by kingcobra > 2016-10-23 20:15 | Report Abuse

PROLEXUS-WA.....go for it b4 TOO late! target price...1.200

Posted by crossroad > 2016-10-24 18:39 | Report Abuse

1.20 for WA... sound delicious!! Kingcobra, what is the mother target price u have in mind?

Posted by bigbigboss > 2016-10-24 18:44 | Report Abuse

Ringgit up loh

Posted by kingcobra > 2016-10-24 20:56 | Report Abuse

crossroad, TP for Prolexus is 2.190...good luck!

Posted by chwong28 > 2016-10-25 22:24 | Report Abuse

http://www.marketwatch.com/story/under-armour-shares-sink-after-downbeat-outlook-2016-10-25?siteid=bnbh

Posted by Alex Tan > 2016-10-31 09:12 | Report Abuse

http://www.valueinvestingstock.com/single-post/2016/10/30/Sportswear-Brand-Survey-Who-Was-The-Winner

Posted by iloveshare128 > 2016-11-03 15:16 | Report Abuse

R40s, any comment on below news?

唯一提醒人們的，只有一張輕描淡寫的新聞稿。去年十月十四日，鞋子品牌Nike宣布跟美國電子代工大廠偉創力策略聯盟，要革新製鞋的供應鏈。

無獨有偶，兩個月後，阿迪達斯（adidas）宣布要取代人工，用機器人在德國製鞋，預計設立兩座快速工廠（Speedfactory），聘請一百六十位工程師。

直到今年上半年，耳語，才在台灣鞋業聚集的彰化稻田裡大量傳開。原來，已經有不少中部鞋代工廠與鞋材廠接到Nike通知，要把機台與原料送進墨西哥，一群群台灣代工廠高層「奉命」到墨西哥，把經驗傳承給偉創力，教他們如何用機器人生產出跑鞋。

大廠拋棄人工，轉做自動化的速度遠比想像快，九月二十三日，阿迪達斯再透露，已由其快速工廠生產球鞋。對台灣鞋業，甚至是製造業，這是極大警訊。

鞋業，是製造業中勞力使用最密集的產業，一雙球鞋要產出，要四百人碰過，複雜度比手機高，一支小米手機生產只需要經過一百個人力。按理來說，這應是最難被機器人取代的產業，但竟在此時最先被革命。
更讓人意外的是， 從Nike到阿迪達斯，這群大廠發展自動化，所挑選的新合作夥伴名單，竟未見台商蹤影。新競爭者從不同角落冒出：如曾經是幫戴爾、摩托羅拉生產手機的電子代工大廠偉創力；如，原本只是幫維多莉亞的秘密生產胸罩的維珍妮國際；如，幫蘋果做面板清洗設備的德國設備商亞智科技（Manz）。

台商擅長的管勞工能耐，頓失優勢

「傳統鞋業，很危險」，Under Armour（UA）創辦人普朗克接受本刊專訪時，不客氣的說：「我們產業實在是太懶了，永遠在追逐低價的人力，是時候該『破壞』這樣的供應鏈流程。」

他說，大廠已決意擺脫，因為低價人力而只能在亞洲生產的限制，將一次破壞百年的遊戲規則。當鞋子生產都能被機器人取代，台商最擅長的工廠勞力管理優勢，價值被嚴厲挑戰。一位有三十年經驗的鞋業大廠高階主管推算，台灣鞋業不會消失，但若不升級，獲利將會折半。

國際勞工組織近期就提出警告，未來二十年內，五個東南亞國家超過半數的工作人員，將面臨著機器人生產帶來的高失業風險。從服裝到汽車製造業都難逃風暴。今日鞋業的問題，也同樣適用於台灣其他的製造業。

根據統計，製造業一年貢獻台灣約三成的GDP， 受雇人口約占台灣二四％，當製造業的競爭力不再，台灣損失的不僅是工作機會，股市市值、稅收、因外銷收入帶動的國內消費，都將被連動。

Posted by R40s > 2016-11-04 15:02 | Report Abuse

iloveshare128,

This article is about the shoemaking industry... But of course in the last paragraphs it also mentioned that in the next 20 years, all labor intensive industries will face the same fate.

This depends mainly on Initial Capital Costs vs Labour Costs, if the initial capital outlay plus interests costs for automatic production is higher than manually with cheap labor costs, then the process of automation will not happen until labor costs increase to uncompetitive levels. This may take many years as the labor costs in the New Emerging Economies (eg., Vietnam, Cambodia, Phillipine, Indonesia, Sri Lanka, etc.) are still competitive and in abundance.

The same cannot be said on Taiwan, where their wages are not cheap and it has a limited labor force. Hence we cannot draw a parallel conclusion on Taiwan vs the others.