Posted by PoormanTrader > 2017-06-29 11:00 | Report Abuse

Oppa magni style now ah

Posted by Jon Choivo > 2017-06-29 11:23 | Report Abuse

Close eye hold, so tempting to sell some of my warrants.

Posted by PoormanTrader > 2017-06-29 17:17 | Report Abuse

people coldeye, you closedeye :D

Posted by Toto2009 > 2017-06-29 17:21 | Report Abuse

Hold hold hold, tomorrow 1.67 coming ; )

Posted by Jon Choivo > 2017-06-29 17:51 | Report Abuse

Ma de, where is my quarterly report ><

Haha

Posted by shadowhao > 2017-06-29 20:01 | Report Abuse

magni also like this , how is prlexus

lets see~

Posted by Toto2009 > 2017-06-29 20:31 | Report Abuse

Kambing soon.... sure earn big

Posted by nikicheong > 2017-06-30 00:07 | Report Abuse

Walao, wait to last day for report out. Good or bad sign? Or don't read too much into it?

Posted by Js Goh > 2017-06-30 09:27 | Report Abuse

Hope for the best

Posted by tesoon > 2017-06-30 09:39 | Report Abuse

last day out qr, lets pray

Posted by nikicheong > 2017-06-30 10:51 | Report Abuse

If don't out today...may get warning from SC/Bursa.

Posted by Toto2009 > 2017-06-30 11:16 | Report Abuse

KLCI is dropping, if it broke 1760 level then better run away, entering bearish trend

Posted by nikicheong > 2017-06-30 11:34 | Report Abuse

One issue I see with Prolexus that may hinder the upper range of the share price is the fact that there are 55mil unexercised warrants, which represent some 30% dilution to the current share base. So even if with the double plant expansion the revenue/profits rise by 30%, it will just be the "same thing". Not to mention FX is favourable to Prolexus in relation to last year...but if MYR continue strengthening then next year relative to this year will be an issue.

Posted by Toto2009 > 2017-06-30 11:42 | Report Abuse

Prolexus will need longer time to go up after seeing its growth obviously

Posted by suregain > 2017-06-30 12:33 | Report Abuse

coldeye recomend tis stock.. good bet

Posted by Toto2009 > 2017-06-30 13:32 | Report Abuse

Suregain,
Hope this counter movement will move like your name, lol

Posted by Skliew > 2017-06-30 15:42 | Report Abuse

http://www.cnbc.com/2017/06/29/nike-reports-fourth-quarter-earnings.html

Posted by Tai KT > 2017-06-30 15:48 | Report Abuse

Good for prlexus

Posted by lcng123 > 2017-06-30 17:32 | Report Abuse

last day of june result still yet to announce.

Posted by Toto2009 > 2017-06-30 17:36 | Report Abuse

Something wrong.... hopefully it will be ok...

Posted by yawteck > 2017-06-30 18:02 | Report Abuse

how if not announce today?

Posted by tesoon > 2017-06-30 18:05 | Report Abuse

result out, revenue drop, profit drop, eps drop, up car

Posted by emmcee > 2017-06-30 18:10 | Report Abuse

third quarter weak quarter...

Posted by Skliew > 2017-06-30 18:12 | Report Abuse

Yeah... for Prlexus, 3rd Q always the weak Quarter....
Why? Because of Chinese New Year Holidays?

Posted by Lvde > 2017-06-30 18:15 | Report Abuse

up car

Posted by Skliew > 2017-06-30 18:30 | Report Abuse

What's up car? :)

Posted by master_tan > 2017-06-30 18:31 | Report Abuse

This is lorry, not car

Posted by emmcee > 2017-06-30 18:32 | Report Abuse

Although result bit weak, I think FM look for future earning and buy ahead with cheap price...

Posted by nikicheong > 2017-06-30 18:46 | Report Abuse

This is lovely. I so hope it goes down to RM1.45!!! Will seek to buy on weakness.

Posted by Skliew > 2017-06-30 18:46 | Report Abuse

Since already planned for expansion and going to build a new factory in Vietnam and a fabric factory in Kluang, business should be good otherwise the management would not have the confidence in expanding, is it right?

70% of the revenues is from Nike? Is it? And who are the major clients?

Someone mind to share? Thank you. :)

Posted by Skliew > 2017-06-30 18:49 | Report Abuse

Toto2009

you are also here...

I am new to Prlexus. How long you have been a shareholder of Prlexus?

Posted by Toto2009 > 2017-06-30 18:49 | Report Abuse

Steady, the gross profit is ok, just that the taxation dealt that ate up big portion. But I'm sure next Monday will be big sell down for Prolexus as big contrast to Magni

Posted by abang_misai > 2017-06-30 18:55 | Report Abuse

Mampus kena lagi

Posted by nikicheong > 2017-06-30 18:56 | Report Abuse

Restated diluted EPS is at RM0.86 now vs RM2.49 YoY. That is a drastic decrease of 65%!

Alas I am still interested in the long-term plan of Prolexus. I will take RM1.45 as a buying opportunity, maybe up to RM1.48 (to give myself adequate margin of error).

It is true taxation hit the bottomline hard, but the topline as it were was also down by over 10%.

Posted by Skliew > 2017-06-30 18:56 | Report Abuse

Same industry and also same contract manufacturers to OEM like Nike, why the differences?

Prlexus is also a long time apparel manufacturer since the 70s? The MD is very experienced in the trade....

Posted by PlsGiveBonus > 2017-06-30 18:58 | Report Abuse

I smell water fall coming

Posted by Skliew > 2017-06-30 19:03 | Report Abuse

Many fund managers in this stock.....They are investing for the future..... if the business is managed properly, it can grow and perform like Magni ...since it is also contract manufacturing for Nike for a long long time ......

Posted by ngzixuan97 > 2017-06-30 19:03 | Report Abuse

Don worry much monday u will know ahahha

Posted by Skliew > 2017-06-30 19:11 | Report Abuse

Monday buy cheap! Haha!

Posted by Skliew > 2017-06-30 19:14 | Report Abuse

What is the average costs of EPF and Manulife ? Haha!

Posted by Skliew > 2017-06-30 19:19 | Report Abuse

Why the 3rd Quarter revenue, every year the Same, is always the weakest quarter for Prolexus ?

Posted by nikicheong > 2017-06-30 19:29 | Report Abuse

In Dec quarter, profit down 15% YoY and the stock opened 9 cents lower...walao eh, if on Monday can open again 9 cents lower, is BUY BUY BUY!!!

I got a feeling all the Shariah people who were holding to Prolexus waiting for a better price to sell off (those that buy above RM1.59) will have their hands forced on Monday.

Posted by Yipman > 2017-06-30 19:39 | Report Abuse

Buy cheap? Where got cheap? If back to 1.4 only back to square as per last 2 quarter. Company no growth.

Posted by Yipman > 2017-06-30 19:42 | Report Abuse

So sad to say that. Luckily these few months trading volume is not high and forsee only contra player will dispose it on next week. May be 5% downward.

Posted by suregain > 2017-06-30 20:01 | Report Abuse

Die

Posted by Skliew > 2017-06-30 20:20 | Report Abuse

Many bargain hunters including fund managers will queue to buy for the future expansion plan....

The track records since 2012 is beautiful with steady growth every year and now the expansion plan..what a good growth story...

A shortfall in the top and bottom line for the weakest 3rd Quarter, accounted for only a short fall of 1.6sen eps..The full year impact is actually minimal if the future expansion plan and growth story is still intact...

Maybe an opportunity to bargain hunt for the long term growth story and contract manufacturing for world leading brands like NIKE..... :)

Posted by PlsGiveBonus > 2017-06-30 21:11 | Report Abuse

TP 1.3

Posted by Skliew > 2017-06-30 21:23 | Report Abuse

May not reach ! Haha! As soon as it goes below 1.40, people will sapu.... but who is willing to sell since most know the growth story and after seeing Magni's outstanding performance!

Many will hold for a 2nd Magni!

It is possible to become a 2nd Magni so long as the growth materialises!

The bottomline is the qualities of the products manufactured by Prolexus if they meet the requirements of the OEMs ? But since the co is in the business for a long long time already and also have long time relationship with the OEMs, this should not be a problem, should it?

Is this an opportunity to enter ?

Haha!

Posted by Skliew > 2017-06-30 21:59 | Report Abuse

Extract from the HEADLINES ABOVE

"Maintain Buy..........."


" Meanwhile, Prolexus’ exciting double plant expansion remains on track to be completed in FY18. We anticipate its new Vietnam plant to commence operations in 1QFY18. It will initially enlarge existing output by 30%, with the potential to double existing capacity. Meanwhile, its Kluang fabric mill is scheduled to begin operations in 2QFY18. The fabric mill will enhance margins with cheaper knitted fabric input produced in-house."

PLEASE NOTE:

The Vietnam plant initially enlarge existing output by 30% with the potential to DOUBLE existing capacity...

The fabric mill will ENHANCE MARGIN .....:)

Posted by nikicheong > 2017-06-30 22:15 | Report Abuse

If you noticed the buy queue, it has been very thin in the past few weeks. I hope no doubt the stock will open below RM1.50...the question is, how long will the bearishness last? When to enter? RM1.45? RM1.40? RM1.35? I say RM1.45 should be a buy, and then average down. Unlikely to fall below RM1.35 as there is very strong support there.