Posted by hng33 > 2017-03-23 14:52 | Report Abuse

bought back prolexus at 1.39

Posted by weihan0914 > 2017-03-24 11:26 | Report Abuse

collect at 1.4, reasonable price...

Posted by chonghai > 2017-03-26 21:01 | Report Abuse

I am expecting a weak result for Prolexus. I will only invest in Prolexus after August..

Posted by mikee > 2017-03-26 21:11 | Report Abuse

one have to imagined that this USD$50 billion or at least initial $10 billion from all e-trades permits approvals generate from DFTZ/Alibaba when start in 2018 or early 2019 is COMPULSORY/MUST pass tru DNEX (4456) e-services software platform tat currently been authorized by Gov to integrates with most gov agencies to get each items/goods pass on from shippers to consumers.
Just 1 segment from IT can rake up 1000% folds profits, haven't count others segments like O&G, Hydro Energy, Foreign Workers Permit, VEP and RFID profits.

go and read mind boggling good revelation about DNEX (4456) from Cruz......
https://klse.i3investor.com/blogs/kianweiaritcles/119083.jsp

Posted by null > 2017-03-26 21:47 | Report Abuse

time to collect now...MACD TA shows will uptrend soon..it just about time..good luck..WA just started uptrend lask week...

Posted by red_85 > 2017-03-26 21:49 | Report Abuse

yea, not a good time to collect prlexus yet..still didnt see the volume and trend..still hover between 1.38-1.43..
dont wan to waste time here in such bull market..better buy other trending stock...even though prlexus is a good counter, but not a good time to buy much in such bull market..buy sikit ok, buy sikit first so that can keep an eyes on it awlays..

Posted by omnigunk > 2017-03-27 16:38 | Report Abuse

Their biggest customer: http://news.nike.com/news/nike-inc-reports-fiscal-2017-third-quarter-results

Posted by cytan86 > 2017-03-27 17:37 | Report Abuse

when QR will out?

Posted by Jon Choivo > 2017-03-27 17:37 | Report Abuse

UP 9%. MY FAITH REWARDED.

Posted by Jon Choivo > 2017-03-27 17:38 | Report Abuse

Too bad i didnt have more money to top up then.

Posted by Invest33 > 2017-03-27 17:46 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5376413

Posted by Jon Choivo > 2017-03-27 17:55 | Report Abuse

Revenue up, GP up. No significant exceptional gains. nice.

Posted by Yipman > 2017-03-27 17:58 | Report Abuse

Congratulation to PRLEXUS. Excellent QR as I predicted. Gap up tomorrow.
I miss the chance to top up more today.. :)

Posted by SuperLaber > 2017-03-27 18:12 | Report Abuse

sui sui, recovering stage, let's see how's the market react tmr

Posted by Jon Choivo > 2017-03-27 18:15 | Report Abuse

tmr 1.5 minimum.

Posted by Yipman > 2017-03-27 21:25 | Report Abuse

What ever Trump Policy is talking on the paper. The trade is still very dependence to Asia manufacturer. Lol..
Hmm... It's time to plan for my holiday.

Posted by ginvin > 2017-03-27 21:26 | Report Abuse

diluted eps

Posted by bracoli > 2017-03-28 00:38 | Report Abuse

gg la tmr

Posted by dendron > 2017-03-28 07:15 | Report Abuse

Quarterly report doesn't look too good nor bad, don't think share price is going to be affected much..

Posted by noah > 2017-03-28 07:38 | Report Abuse

"Barring any significant economic changes and unforeseen circumstances, the Group’s performance for the
forthcoming quarters is expected to be challenging due to uncertainties of the global economy"

Posted by noah > 2017-03-28 07:38 | Report Abuse

management's prospect doesn't sound that good...

Posted by dendron > 2017-03-28 07:56 | Report Abuse

that's a very typical statement by most companies "challenging" unless there are really big positive news ahead..

Posted by bracoli > 2017-03-28 08:19 | Report Abuse

Noah if u read alot of qr that is the most common sentence lol

Posted by noah > 2017-03-28 08:46 | Report Abuse

bracoli.
i think maybe you read more qr than me but can you see the difference from previous and current qr?

Previous Qr:
"Barring any significant economic changes and unforeseen circumstances, the Group’s performance for the
forthcoming quarters is expected to remain stable"

Current Qr:
"Barring any significant economic changes and unforeseen circumstances, the Group’s performance for the
forthcoming quarters is expected to be challenging due to uncertainties of the global economy"

Posted by noah > 2017-03-28 08:47 | Report Abuse

if you heard of cold eye, go read his book on the title of hint provided by management.

Posted by Jon Choivo > 2017-03-28 09:36 | Report Abuse

Hmm diluted EPS due to all the rights issue.

But i think the fundamentals are still solid, the rights issue was done to create the new factory, which will be completed in 2018, but the majority of the monies is still unused. So the dilution in EPS is understandable

Seeing how revenue and profit is back up in 3 months after what i think is underarmour reducing their purchases suddenly. This indicates the management's optimism regarding the demand for their goods requiring a new factory is not unfounded.

Seeing how share price did not move, i think this represents a mispricing. I topped up a little bit.

Posted by Yipman > 2017-03-28 09:38 | Report Abuse

Hello friends, may be the management is not good in English and repeatedly use the same statement every quarter. But one thing is unchanged is the company is making profit, increase growth, cash rich and debt less.
What do you all expected somemore?? No one can tell you how the global economy condition in future. Be conscious.

Posted by Jon Choivo > 2017-03-28 09:43 | Report Abuse

I think this company and like magni for example. The analysis they write is cannot use one. You can only rely on figures and go agm.

All i know is this, the quality of earnings of this company is very high, which means their increase in profit "real money", not just trade receivables increase.

I cannot time the market, but i think this company is worth holding. NTA is 1.33, price is 1.39. And the company is growing, i don't see much downside.

I dont know how much it will go up (My previous mindless exuberance said 1.5 tho) but i doubt it will go down more.

Posted by noah > 2017-03-28 09:47 | Report Abuse

from "stable" to "challenging due to uncertainties of the global economy"..
the rest of the sentence is the same... lol

but one thing indicate by increasing revenue is that their ability to pass the excess capacity due to reduced order from UA to Nike, but profit margin seemed to be reduced.
Magni is having continuous growth under Nike, so the main problem lies with UA.

and their new factory in Vietnam is not making big progress yet.

Posted by Yipman > 2017-03-28 09:56 | Report Abuse

market not only depend on UA. there so many others propect in the market. for sure management will look for better opportunities. what to worry. if not confident then better switch to otger counters.

Posted by Jon Choivo > 2017-03-28 10:00 | Report Abuse

Noah, quarter to quarter comparison, margin appear to be the same. If you include first quarter, then yeah, naturally drop.

Posted by Dolly_Chai2 > 2017-03-28 10:06 | Report Abuse

guys, i also notice the change of words from "stable" to "challenging due to uncertainties of the global economy"..

but think of this way: the latest quarterly results have improved significantly as compared to last quarter's. And why did the management choose to change these words at this time?

Can it be the directors do not want the share price to go up sharply immediately so that they can have some time to accumulate at low price?

I don't know. I am just curious...

Posted by Dolly_Chai2 > 2017-03-28 10:06 | Report Abuse

agree totally with what Yipman and Jon Choivo said... well said indeed...

Posted by noah > 2017-03-28 10:17 | Report Abuse

dolly, you got a point..

when looking purely on numbers, the current qr result is quite commendable.
PBT is 2nd higher in history.
the main reason it's trading at this price is caused by previous qr dragging it down.

now the problem lies with the management's prospect.

Posted by noah > 2017-03-28 10:19 | Report Abuse

maybe need 1 more positive qr for a revaluation of PRLEXUS by market?

Posted by SuperLaber > 2017-03-28 11:37 | Report Abuse

This quarter's revenue is actually one of the best out of a few years, just that maybe the increase in number of shares which actually diluted EPS

Posted by Jon Choivo > 2017-03-28 12:13 | Report Abuse

Sometimes, i wish i can enter coma for a year, so i dont need to needlessly worry about stocks i know will go up given time.

Posted by Jon Choivo > 2017-03-28 12:20 | Report Abuse

Either way, i expect next quarter to be better than previous year. Last year, Jan to Apr, USD to RM is 4.2 - 3.8.

This year, its 4.41-4.43. Key downside is labour. Hopefully div announced then. Ok analysis done. Time to do other things.

Posted by Dolly_Chai2 > 2017-03-28 14:20 | Report Abuse

Jon, don't forget to check their annual report too (released quite some time ago)... under the prospect column, the management indicated that they expect Prlexus to continue to grow...

i believe that is not a boasting as we can see from the past years' records... Prlexus is indeed growing with the growth of world's population...

just 2 questions to ask urself:

level 1: is the world's population growing?
level 2: if the world's population is growing, is Prlexus competitive enough to maintain/win more market share of the apparel business?

I have the answers.. but I want you to think yourself...

Posted by damiantreez > 2017-03-28 14:23 | Report Abuse

great analysis guys, i truly believe in this company's potential. Be grateful while it hovering at bottom level so we all can accumulate more.

Posted by omnigunk > 2017-03-28 14:50 | Report Abuse

Commendable QR. This stock suffer a bit from coverage so no big funds buys into this company. Most of its shareholders are local institutional players with very little exposure. Even though EPS is diluted, its still more than the previous QR. Not to mention based on historical pricing, last year's EPS is also low but the price is more. I'm so confident that I bought more shares today. I'm in for the mid term till end 2018 unless its Vietnam operations shows a very big promise.

Posted by Jon Choivo > 2017-03-28 15:40 | Report Abuse

By the way, if anyone disagree with my or dolly's or whoever's analysis. Please speak up.

Its key for us to know what is it we might be missing out.

Posted by Dolly_Chai2 > 2017-03-28 15:49 | Report Abuse

guys, let me do a deeper dive on the recent results:

Single Quarter:
2017 Q1
- revenue = RM87.523M
- Operating profit = RM9.302M
- Operating profit/revenue = 10.628%

2017 Q2
- revenue = RM108.876M
- operating profit = RM12.989M
- operating profit/revenue = 11.930%

2016 Q2
- revenue = RM99.867M
- operating profit = RM10.821M
- operating profit/revenue = 10.835%

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Cumulative 2 Quarters:
2017 Q1 & Q2
- revenue = RM196.399M
- operating profit = RM22.291M
- operating profit/revenue = 11.350%

Cumulative 2 Quarters:
2016 Q1 & Q2
- revenue = RM204.545M
- operating profit = RM22.340M
- operating profit/revenue = 10.922%

conclusions:
1) 2017 Q2 operating profit margin is higher than 2017 Q1's & 2016 Q2's
2) 2017 Q1 & Q2 (cumulative) operating profit margin is also higher than that in 2016.


And we can see that the 2017 Q1 revenue was dragged down by apparel sales (very likely to Under Armour) but they quickly turnaround and improved in Q2. I am expecting similar good results for Q3 & Q4.

And I only have 2 complaints:
1) Management is not good in writing their reports. The explanation on performance and prospect is too brief and did not provide much info. Example:they just mentioned the revenue is up/down due to increase/decrease of apparel sales but did not provide more details. And they also almost repeat the same thing every quarter (i know many companies do the same)...

2) Dividend - not giving too much dividend. But maybe it is understandable as they reserve cash for expansion in Vietnam, Johor and China.

I hope the Prlexus Management will see my post here (especially on item 1) so that they can improve... i believe if they can improve these 2 items, the share price will move up faster...

Posted by Dolly_Chai2 > 2017-03-28 15:52 | Report Abuse

yes, i agree with what Jon Choivo said above.. we welcome constructive discussion... you can also comment on the downsides of this share, no problem.. as long as your comments are fair and sound...

just dun act like that "starperformer" loser... keeps providing misleading and manipulated info in EVERGREEN forum just to pump his HEVEA... that is very mean and unethical...

Posted by Jon Choivo > 2017-03-28 16:39 | Report Abuse

Close eye buy. I remember when my airasia stocks drop till 2.15, close eye and buy. My greatest regret is selling half at 2.4.

Posted by omnigunk > 2017-03-28 16:48 | Report Abuse

Thats a good explanation. When airasia drop till 2.15, I went and bought and regretably sold at 2.7. The trend will happen with prlexus, I keep buying at 1.36.

Posted by Jon Choivo > 2017-03-28 17:00 | Report Abuse

Ok, i think whatever needs to be said about this company is already here.

I remember magnitech, no movement for almost 1 year, then shoot up 25% in 2 months. Sure its lower that the gains in other counters, but its real gains. The kind of gains that is based purely on fundamentals not heat. The gain is staying.

For the rest of us prolexus investors, i think we better just stop visiting here and looking at price d. If we keep looking, hand sure itchy, little bit of gain sell, and then accidentally forget.

Next thing you know, suddenly funds buying, low liquidity, result in limit up. Then you cry.

We go out earn more money and research other stocks better.

Posted by Jon Choivo > 2017-03-28 17:02 | Report Abuse

dolly, can you please send me an email?

My email is :jonathanchoiyikit@gmail.com

I like your thought process and it would be great if i could have your opinion on certain investment ideas (when they arrive).

Posted by Dylan Yong Hua Tai > 2017-03-28 19:41 | Report Abuse

Latest Q2'17, Prlexus is in net cash (cash in hand 122.8mil - total borrowing 26.18mil) of MYR96.6mil = MYR0.565 per share.
Total liabilites at MYR70.188mil
NTA from 1.28 (Q1) to 1.33 (Q2).

nothing to worry.... just buy and keep.

Posted by noah > 2017-03-28 20:44 | Report Abuse

Due to cash from rights issue haven't been utilised.