Prlexus is kambing Liao, stabilize after the non shariah news. EPF non shariah started to cover more. Their new plant in Johor is in the smooth progress and with raw mat support from Vietnam plant. It is good for expansion growth. It will testing 1.70 level then 1.90 before reaching 2-2.1
In order to further increase the production capacity to meet the expected growing demand from our existing customers and potential new customers, the Group had decided to set up a new apparel factory in Vietnam. Accordingly, during the financial year, we have secured the lease of two parcels of industrial land measuring 61,950 square meters in Long Jiang Industrial Park, Tien Giang Province in Vietnam. The initial phase of this apparel factory is expected to be commissioned in the second half of year 2017. This allows us to take advantage of the generally lower cost of production as well as the availability of a larger pool of labour force. In addition, Vietnam had recently concluded the negotiations on the free trade agreement with the European Union which is expected to spur further growth in the export market. Upon formalisation of the Trans-Pacific Partnership Agreement in which Vietnam and Malaysia is a member country, this will also benefit the textile and apparel industry mainly in the form of elimination of tariffs and duties among the TPP countries. The Group is also setting up a fabric mill on the Group’s freehold land measuring 111,590 square meters located in district of Kluang, Johor. This fabric mill is the Group’s strategy in expanding into upstream fabric production to complement the existing core business of apparel manufacturing by internal procurement of knitted fabrics instead of purchasing from external suppliers. Besides own consumption, it is also our intention to sell the knitted fabrics to the market upon full commissioning of the mill. The initial phase of the fabric mill, which is also expected to be completed in the second half of year 2017, will lead to better control over the supply chain while further improving our profit margins in the long run. (Reference: Annual report 2016),
Foreseen good show will start 2nd half 2017. Please correct me if this is not the latest news.
Good news poor man, NBA will do a good branding for Nike and attract more Fans to buy their Nike Jersey to boost sales, provided if Prolexus producing the NBA jersey
pathetic loser CKCS is doing some childish kindergarten job by tracking my comments and trying to haunt me like a sissy... haha... feel sad for him, especially for his parents to have such a childish kid who never grows up...
wake up kid... u r just a loser who wants to win every single argument... but u dun win any real or physical thing in ur life... wake up and move on idiot...
with such mentality and attitude, l doubt if u can even be successful in ur investment... and from what i noticed, u r likely to be living alone as no one can ever stand ur stupidity (acts like expert but sxcks big time as a loser)
Come on lah, results out today or tmrw. I need to buy something this week. Would be glorious to buy Prlexus on weakness, especially since the double plant expansion should come online within the next six months.
It is, they had the 17% drop in the previous year Q2, which was due to the loss of underarmour, which was replaced next quarter.
Then its the syariah compliance thing. The coupled with everyone see its a consolidation trend and would rather buy the hot stocks.
Magnitech people kept saying its a dead stock etc in 2016. it stayed at 4-4.2 for a year, suddenly in 2017 when it fly, everyone sing song about how its a great stock.
Same thing with vs, 1.4 for half a year, whole world talk like its going to end, everyday ask stupid question, when will up, when will down. Now 2 bucks per share. Even before this quarter result out, drop like 4 sen also the whole place ask why drop 4 sen, as if they buy FD like that.
Stop asking stupid questions like why up why down, will it up or down tmr, next week, next month, next year. Its futile to predict short term movement.
Whether or not the price up or down does not affect the underlying business.
Stop polluting with stupid comments and questions, talk only when you have something you feel will affect the underlying business.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
chinktan
10 posts
Posted by chinktan > 2017-06-01 17:56 | Report Abuse
@js goh thanks for the info.
I am accumulating this counter too.