Posted by red_85 > 2017-01-24 17:05 | Report Abuse

every quarter report of each company also said mgmt expects to continue grow..but they always cant deliver...prlexus is in the stage of flat growing already in last 2 years if you check their revenue.. now still not see any uptrend..still in flat/downtrend...jst wait

Posted by Dolly_Chai > 2017-01-25 09:09 | Report Abuse

red_85, i doubt if you had really checked the data before you commented...

see this:
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=8966

both revenue and net profit has been growing from 2013 to 2016 (without a miss)....

pls la, before you commented, at least do a simple check so that you wont be misleading ppl...

Posted by Dolly_Chai > 2017-01-25 09:10 | Report Abuse

note that net profit margin has also been improving from 6.5% to 7.4%

Posted by comebackisreal > 2017-01-26 00:57 | Report Abuse

Seem downtrend ,better beware

Posted by Dolly_Chai > 2017-01-26 09:28 | Report Abuse

haha... when ppl are worried, i am more than happy to collect more at lower price... thanks for selling...

Posted by LeAi > 2017-02-03 14:02 | Report Abuse

Any info why price keep dropping

Posted by yewniengwei2693 > 2017-02-04 09:12 | Report Abuse

Just accumulate at these price, will go up on next quarter good result performance.

Posted by Dolly_Chai > 2017-02-07 12:41 | Report Abuse

yewniengwei2693, so confident ar? haha

Posted by rotilemak > 2017-02-07 23:53 | Report Abuse

Another downtrend stok. Sell

Posted by hng33 > 2017-02-08 15:26 | Report Abuse

bought back prolexus at 1.40-1.41

Posted by shareinvestor88 > 2017-02-09 12:24 | Report Abuse

Downtrend stock. Sell target 1.00

Posted by Jenas Tan > 2017-02-10 12:01 | Report Abuse

Lost tempered with this stock ad

Posted by Tay Sze Yang > 2017-02-14 21:46 | Report Abuse

Cheap stock

Posted by Jenas Tan > 2017-02-16 20:59 | Report Abuse

drop like xhit.. low volume..lousy

Posted by lai81533 > 2017-02-21 03:33 | Report Abuse

Rm1.60

Posted by Dylan Yong Hua Tai > 2017-02-22 20:19 | Report Abuse

should be 1.70

Posted by Dolly_Chai2 > 2017-02-23 13:18 | Report Abuse

negative sentiments (while the stock's fundamentals remain intact) give you a great chance to buy at attractive price. as i had mentioned earlier, based on EV/EBIT = 10 ratio, this share is worth around RM2.52. If you are to give some discount to the EV multiple, it is still worth at least >RM2.00.

Posted by yewniengwei2693 > 2017-02-24 21:31 | Report Abuse

Be patient....

Posted by Jenas Tan > 2017-02-24 22:10 | Report Abuse

when result out?

Posted by Dolly_Chai2 > 2017-02-28 09:02 | Report Abuse

Jenas, Prlexus financial calendar is a bit different, their quarterlies are dated July, Oct, Jan & April...

so, next quarterly result is ended Jan 31st and will be announced by mid/end of March...

that is why you do not see the quarterly result yet in Feb

Posted by Dolly_Chai2 > 2017-02-28 09:11 | Report Abuse

the recent drop allows me a much better opportunity to collect at lower price.. thanks to the sellers.. ^^

Posted by Jon Choivo > 2017-02-28 15:46 | Report Abuse

My heart pain, says sell, my brain says buy. Close eye add abit, then turn off itrade.

Posted by Jon Choivo > 2017-02-28 15:47 | Report Abuse

dolly, did the management say last quarter why revenue drop ah?

Posted by Dolly_Chai2 > 2017-03-01 10:27 | Report Abuse

hi Jon Choivo, Prlexus did not specifically mention why the revenue dropped in last Q. they just mentioned:

The decrease in revenue is attributable to lower revenue from apparel division

But in their latest annual report, they mentioned this (under chairman's statement):

PROSPECTS
We are excited about the Group’s growth prospects as we
expect our core business to grow and we look forward to
pursue business opportunities in the interest of long-term
growth and value creation. As part of our commitment
to our customers, we will continue to deliver the highest
standards for our products and services which is a key
element of our success.

the management is expecting and working towards to expand more...

and they have proven record for at least the past 5 years that they are growing revenue and net profit. So my view is we should not only look at a single quarterly result to conclude that they are going down.. that is premature...

Prlexus has excellent fundamentals in terms of magic formula (EV/EBIT & ROIC)... they are also in net cash position now (after the Right Issues)... they also have free cash flow... just that dividend yield is not so attractive...

but overall, it is scoring around 9/10 to me...

so i am in.... aim for longer term investment.. that is value investing.. cheers...

now it gives us a much better opportunity to collect at lower price, why not???

Posted by Dolly_Chai2 > 2017-03-01 10:27 | Report Abuse

i believe you are also a value investor that is why you also added some more recently.. haha

Posted by pharker > 2017-03-01 11:53 | Report Abuse

Chairman statement in annual report most of the time optimistic ones...using words like "expected", projected, believed, confident........blah blah blah...and if things did not turn out as expected, always tons of excuses like ...due to unforeseen circumstances,,,or can blame on global economy lah..Trump policy lah...blah blahb lah

Posted by Dolly_Chai2 > 2017-03-01 13:45 | Report Abuse

pharker, what you mentioned are valid, i agree...

but shouldn't we also look at their past record? check out at least their past 5 years of revenue & profit... what is the CAGR?

what i wanted to say is... we should not only look at a single quarterly result to conclude if this company is performing or not performing...
I believe the recent drop was partially due to the uncertainty of Trump's policy for exported goods to the US...

anyway, if u r a real value investor, u have to examine the SWOT of this company...

many others have mentioned earlier that it is highly unlikely that US will stop outsourcing the apparel business to countries that are more competitive in labor cost as if they do this, their overall cost (if using US labor) and final selling price will increase a lot.. thus causing the sales to drop...

if u were Trump, will you declare such war?
this is a lose-lose game... if you impose huge duty/levy on imported goods like this (which is consumer products), other countries will retaliate and do the same on the US...
Trump is s shrewd businessman and i dun think he will be that stupid to do so...

To me, it is oversold by speculators due to their fear of uncertainty...
but as a value investor, i am buying it more...

Posted by noah > 2017-03-01 14:18 | Report Abuse

One of the reason for the drop is due to the drop in NP and Revenue of one of the client Under Armour.
But PRLEXUS still have Nike as their major client.
So the coming QR we will see whether PRLEXUS able to pass on the reduced order from UA into Nike's increasing order.

Magni and Prlexus supposed to be equally valued.
Since they have the same major client, Nike.
Prlexus have another additional client, Under Armour.

But one thing, i am a bit concern on the management's transparency, they did not report in particular why would there be a drop in revenue and net profit in the previous quarter and what had the management done to rectify the issue. They just simply repeating the facts, which is drop in revenue & NP is due to drop in revenue from apparel division, in which a 3 years old child can know that.

Posted by pharker > 2017-03-01 16:50 | Report Abuse

Agree with Dolly..

Fundamentally a good stock, undervalued as well but weighted down for the time being. if you have the holding power, can really consider.

Posted by Dolly_Chai2 > 2017-03-02 09:55 | Report Abuse

noah.. thanks for your sharing...
i am curious how did you know this drop is due to sales drop from Under Armour?
where did you get this info?

Are you / do you know someone who work for Prlexus?

Posted by noah > 2017-03-02 10:21 | Report Abuse

http://www.marketwatch.com/story/under-armour-punished-as-revenue-hits-a-wall-2017-01-31

You're welcome Dolly!

There are news going around regarding reducing revenue and profits growth of UA causing their share price to dive down.

As Magni register a increasing revenue and NP yoy (Nike),
Prlexus register a decreasing revenue & NP yoy (Nike & UA).

So the reducing order would be most probably from UA.

But Prlexus management should at least hint what is causing the reduced revenue, eg write due to reduced order from a major client and what shall the management do about it, so as investors we are well informed on the situation.

In mid to long term, Prlexus prospect should be very bright due to the increasing capacity from Kluang and Vietnam factory, which expected to commence operations by around Jun 2017.
Revenue increase is just a matter of time.

Trump effect shall be absence as its still not feasible to move labour intensive industries like apparel back to US.
Some old news, even Ivanka Trumps' products are manufactured in China & now Africa.

http://www.dailymail.co.uk/news/article-3824617/Trump-factory-jobs-sent-China-never-come-back.html

Meanwhile, let's just chill and ride through the wave together.

Posted by Dolly_Chai2 > 2017-03-02 11:07 | Report Abuse

thanks for your good sharing noah, i think your assumption sounds quite valid...

yes, prlexus is a hidden gem and will only be uncovered after 2H 2017.... i also bought it due to this reason... good expansion ahead...

Posted by R40s > 2017-03-02 20:19 | Report Abuse

See the analyst report on 22.Dec.16, Prolexus TTM current P/E Ratio only 7.7, and P/B Ratio 1.2, very attractive valuation:

http://aspire.sharesinv.com/38088/prolexus-slow-and-steady-wins-the-race/

The new China factory expansion was completed recently, the new Vietnam factory should be completed in Q3 this year, and the Kluang factory by end of this year, all these should contribute very positively towards this coming year's revenues and profits. Revenues and profit should get a big boost in 2H-2017 as mentioned by Dolly Chai...

The weakening RM versus USD and Euro continues with trend reversal very unlikely in the near future, this will also add more gains to Prolexus' profit margins...

Posted by Dolly_Chai2 > 2017-03-03 12:37 | Report Abuse

good to see R40s sifu is back... yeap... now is a very opportunity to invest in Prlexus... they are indeed a growing company!!!

Posted by omnigunk > 2017-03-03 15:30 | Report Abuse

Based on comments here, the price went up? Or feel good factor for the coming quarterly announcement?

Posted by hng33 > 2017-03-03 15:39 | Report Abuse

sold off porolexus at 1.45, lock paper profit, free up capital first

Posted by R40s > 2017-03-07 21:14 | Report Abuse

http://www.theedgemarkets.com/my/article/trump-has-nothing-asia-should-he-decide-wage-trade-war-here%E2%80%99s-why

DBS Chief Economist say USA would be the biggest loser if Trump start his Trade War on Asia...

Posted by Yipman > 2017-03-08 11:48 | Report Abuse

Guys, prlexus should have excellent QR on the coming announcement. Nike has significant growth on Q2 2017 (upto Nov2016). Beside, the sale on Nov 11 (双十一）has 3x sale volume in a single days as compared to previous year.

https://www.internetretailer.com/2016/12/21/nike-kicks-46-web-sales-growth-quarter

Posted by Yipman > 2017-03-08 11:48 | Report Abuse

I will top up more today as I current price is still low. Please sell to me. :)

Posted by Jon Choivo > 2017-03-08 16:56 | Report Abuse

i might top up more if it drop to 1.35

Posted by Rf888 > 2017-03-09 00:22 | Report Abuse

Hope will drop more,just got chance buy

Posted by Jon Choivo > 2017-03-17 12:32 | Report Abuse

Magnitech good result. Lets see if prolexus can follow.

Posted by shareinvestor88 > 2017-03-19 09:57 | Report Abuse

Sell target 1.00

Posted by R40s > 2017-03-19 13:01 | Report Abuse

President Donald Trump promised to create jobs by following "Buy American first and hire American” policy, but more than 53.5 metric tons of Ivanka Trump-branded shoes, bags, and clothes were sailing to American ports in eight shipments even as he spoke...

http://www.huffingtonpost.com/entry/ivanka-trump-china_us_58c7e73ae4b0428c7f131cc1

The million dollar question is: Can the Shoes, Garments, Leather goods, etc. be manufactured competitively in US? Even with Border Adjustment Tax, it's still very unlikely to be competitive...

Posted by Dkny > 2017-03-20 16:50 | Report Abuse

Try try, hope b 2nd magni

Posted by Tay Sze Yang > 2017-03-20 18:03 | Report Abuse

Wanna all in this stock liao

Posted by SuperLaber > 2017-03-21 17:05 | Report Abuse

results coming out soon?

Posted by Dylan Yong Hua Tai > 2017-03-21 19:37 | Report Abuse

1st day up from 1.38 to 1.41

Posted by Jon Choivo > 2017-03-22 17:34 | Report Abuse

I honestly cant wait for prlexus result.

Posted by SuperLaber > 2017-03-23 09:29 | Report Abuse

seem likes there's some upward trend for this counter, finger crossed!!