Posted by CKCS > 2017-07-04 14:17 | Report Abuse

What is the use salesman keep promoting when Prlexus's own earnings and profits on the decline? Real outcome published for u to see mah. Why deny? lmao

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

Q3 2017 is the WEAKEST QUARTER EVER! Still don't see a sign of a disaster coming? Wait for next qtr to believe what I said. I always smell what is coming next just by looking at those WEAK EARNINGS and PROFITS.

You check back all the QUARTERLY PROFITS....THE Q3 2017 QUARTER IS THE WEAKEST AND LOWEST SINCE THE Q2 2011 QUARTER. GO CHECK.

This simple eye-screening single-handedly allows me to successfully spot THE START OF A DOWNTREND IN PROFITS TO COME for any companies.

You can apply this simple technique on other stocks if u don't believe. Dolly_Chai is the Holland Master. LMAO

Posted by Bullhunter > 2017-07-04 14:28 | Report Abuse

Chartwise, yesterday hugh price drop and doji indicates further downtrend. Any price increase will unsustainable as profit-taking will erase all gains. Better wait for price to stabilize.

Posted by Dolly_Chai2 > 2017-07-04 14:41 |

Post removed.Why?

Posted by Dolly_Chai2 > 2017-07-04 14:43 |

Post removed.Why?

Posted by Dolly_Chai2 > 2017-07-04 14:47 |

Post removed.Why?

Posted by Alex Foo > 2017-07-04 17:17 | Report Abuse

ouch...this one looks pain. will wait for it to stablize. Longer holding investor please take heart.

Posted by Toto2009 > 2017-07-04 17:31 | Report Abuse

If price dipped I'm more than happy to average down. Hehehe Prlexus wo, scare wat?

Posted by red_85 > 2017-07-05 04:18 | Report Abuse

Just wait for rm1 level.. recommendation from few expert..

Posted by Tai KT > 2017-07-05 06:15 | Report Abuse

Fund house? Who? Please be more specific and give detail of the experts remarks. Thanks.

Posted by Toto2009 > 2017-07-05 08:09 | Report Abuse

RM1 level, hahahahaha, laugh die me. Do you mean it's Warrant price up? Red_85

Posted by Toto2009 > 2017-07-05 08:11 | Report Abuse

For those who wait it to drop below 1.3 is waste of time, I would said I will trade between 1.36-1.45 for 1-2 months before it back to above 1.5 level if the coming Q result are better

Posted by Toto2009 > 2017-07-05 08:11 | Report Abuse

Since Prlexus still FA strong, I'm not surprise could be some ppl buy up in the short term as well

Posted by Toto2009 > 2017-07-05 08:12 | Report Abuse

Just my 2 cents, happy trading

Posted by Skliew > 2017-07-05 08:29 | Report Abuse

厚德载物
无德者， 何能载物？

Posted by Skliew > 2017-07-05 08:37 | Report Abuse

The share price has fallen back to the level of the first half of 2015....meaning....2 years no advance in share price though a lot of work has been done for setting up the factories for the double expansion in Vietnam and Kluang...

I am very comfortable since found out that the management has big plan for the company...and aim high for growth!

:)

Posted by CKCS > 2017-07-05 08:45 |

Post removed.Why?

Posted by Skliew > 2017-07-05 09:09 | Report Abuse

Haha! When sharing facts... it is not self comforting.... provided the info is true....current company business situation may be difficult ... May not be permanent ...though in every investment there are risks...

Mr Market penalised the share price severely.....

For investors seeking for value buys... Price down also very happy because they know what the are buying! Of course if the price goes up they are happier!

Different investors have different perspectives depending on their investment objectives !! Hahaha!!

Posted by Skliew > 2017-07-05 09:21 | Report Abuse

I3 is a very good forum especially for newbies...I also benefited a lot from the info shared therein unlike those days when internet was still not available... Investment info are scanty....Those who do not do homework usually ended up losers in the share market and are easily swayed by short term sentiments.....invariably buy high sell low !!! Haha !!

Posted by Edwardong53 > 2017-07-05 09:54 | Report Abuse

Would appreciate if someone can really tell us the main reason for the drop in profit/earnings in the recent Qtr. Moving ahead, what is the Mgmt hindsight in regard to the future earnings.

Posted by Skliew > 2017-07-05 10:06 | Report Abuse

Can call up the company and speak to the CFO.... I was told he was out station.... would be back tomorrow....

The main concern is the drop in top line revenue....

Posted by Apollo Ang > 2017-07-05 10:09 | Report Abuse

hahaha

Posted by Skliew > 2017-07-05 10:10 | Report Abuse

UA was not doing well...just replaced the CEO and COO....

Posted by Skliew > 2017-07-05 10:25 | Report Abuse

No one knows who is going to have the last laugh yet...

Time is the determinant !

Hehehe!!

Posted by CKCS > 2017-07-05 10:33 | Report Abuse

Funny thing is ...I've been posting all facts and figures exactly & directly taken out from all news, IB reports, and company's own quarterly/annual reports BUT there are losers accused it as fake and manipulated. So how? Maybe their piece own mind is more real and accurate facts? LMAO

Posted by CKCS > 2017-07-05 10:41 | Report Abuse

How to spot those losers to be crowned officially as losers is when they launched "personal attacks" on others who don't share the same aims, ideas and thoughts as them. It's because the anonymity of each forum contributor is maintained so they thought it's easier to behave naively in the forum but each system will eventually have flaws and consequently truth always prevail. My advice to these losers is never underestimated any forum members.

Posted by Skliew > 2017-07-05 10:51 | Report Abuse

Magni FY16 90% garment sales depends on one customer! Should be Nike...
(RM668 Miilion out of RM731 Million)

Nike was doing very well last FY...
Naturally Magni is doing excellently well !

Prolexus maybe doing less for NIKE as compared to Magni.... Possibly sales from UA was down....just my guess... for sharing of thoughts only....

Posted by Skliew > 2017-07-05 10:52 | Report Abuse

Source of Magni FY16 sales... Magni FY16 annual report page 89...

Posted by CKCS > 2017-07-05 11:04 | Report Abuse

Biggest risk of all for Prlexus is that being a "Contract Manufacturer" is easily replaceable with contracts be given to others anytime under any circumstances. Study the details well.

Posted by Skliew > 2017-07-05 11:15 | Report Abuse

FY16, Prolexus Apparel sales RM391millions, out of which RM371 million from 4 customers contributing more than 10% each....

Source: Prolexus Annual Report 2016 Page 98

Posted by Skliew > 2017-07-05 11:21 | Report Abuse

Foxxcom to Apple...
Inari to Broadcom...
Magni to Nike....
Prolexus to NIKE, UA,.ASICS.....

All these companies carry the risks of concentration of customers....

But if they are doing for world class companies, and if they have been doing it for a long time already....means that they did deliver and it means something about the qualities of their products and services...there are some barrier of entry....

Posted by coredarkness > 2017-07-05 12:20 | Report Abuse

being in the contract manufacturing quite competitive. and even though its clients are under armour and NIke.
If Trump impose Border adjustment tax, i think it will impact earnings substantially. Most likely the contractor like Prolexus have to absorb most of it.
Look at 2 Taiwan contract manufacturer Makalot Industrial and Eclat. Their share price didn't perform very well in the last few quarters. They also do under armour, GAP and Walton's club.
Makalot even planning to open 1 new factory in US to bypass the border adjustment tax.
Comments anyone?? Any flaws in this analysis?

Posted by Skliew > 2017-07-05 13:39 | Report Abuse

So far no action from Trump.... is there any?

Trump labelled China as " Currency Manipulator" during the election campaign and after meeting Xi Jin Ping, softened or changed his stand..and perception of China...

All export companies will be affected anyway if Trump impose border tax... there will be retaliations from other countries....US consumers will pay more for their goods !! Haha!!

Today, US economy is no more a manufacturing based economy but Service based economy..... Taking manufacturing jobs home would not really benefit the US economy ....

My 2 SEN...

Posted by Dolly_Chai2 > 2017-07-05 16:22 | Report Abuse

Skliew, you have not known this clown/joker CKCS well enough... he has shown enough his ignorance and manipulation of words in Evergreen forum... he is used to twisting info and claims those as real info... whereas we had shown him solid facts that what he said are all fabricated info trying to sabotage a certain share... don't take this loser's words so seriously.. don't believe me? go to Evergreen forum and you will find out if I am lying or not...

Like what you had said:

Foxxcom to Apple...
Inari to Broadcom...
Magni to Nike....
Prolexus to NIKE, UA,.ASICS.....

it is NOT easy at all to simply replace these sub-contractors because there are a lot of qualifying and auditing processes before the OEMs can get a new suppliers.
In fact, this was mentioned by Magni and Prlexus management during AGM, and I think it is a fair statement.
Yes, it is not 100% secured contract, but tell me which business is 100% guaranteed in this world?

Prlexus management said earlier that they are expanding to meet Nike and other customers' growing needs, so that they don't lose the market share... that means, they are still getting constant orders from their customers... having said so, the expansion is driven by the growth in demand.

So far I have seen that Prlexus has been performing excellently well over the past 5 years and this quarter drop in "profit after tax" is mainly due to the tax provision that incurred last year corresponding quarter...

loser said he gives fact. in fact, he twisted fact...

Posted by CKCS > 2017-07-05 16:27 | Report Abuse

Both also profit halved

Evergreen qtr profit -48.89% y-o-y
Prlexus qtr profit -46.06% y-o-y

Both also bring u go Holland!! Just look what happened to the real scene.

These salesman just stuck in it and that is the only reason they tell u to hold and buy. LMAO

Posted by Skliew > 2017-07-05 16:29 | Report Abuse

Dolly,

Thanks for your added info..appreciate it..

I am less than 1 week old in Prolexus....haha!
Earlier didn't look at it....haha!

Posted by CKCS > 2017-07-05 16:59 | Report Abuse

Why is that so easy for me to spot on worst performing stocks? That's because Dolly is not so good loh. Whatever he buys, u must sell because he's a true Holland master who will always guarantee u to reach Holland and soon maybe new route to Qatar! lol

Posted by CKCS > 2017-07-05 17:00 | Report Abuse

Nothing new lah....these salesman are just stuck and that is all about them here

Posted by Infinite > 2017-07-05 17:10 | Report Abuse

Pay tax and debt is goods corporate practises and sooner becomes syariah compliance stock in coming qtr

Posted by Tai KT > 2017-07-05 17:13 | Report Abuse

let it drop, then l buy.
after I bought, then I tell why I confident this stock.

Posted by CKCS > 2017-07-05 17:17 | Report Abuse

Better buy a Lexus car better investment lol

Posted by Skliew > 2017-07-05 17:39 | Report Abuse

Btw, what made Prolexus non-syariah compliance ?

Posted by Tai KT > 2017-07-05 17:55 | Report Abuse

Chinese said, everything is ready except east wind to come.

Posted by Skliew > 2017-07-05 18:12 | Report Abuse

Many in i3 forum have hidden agenda. Not surprising to have all sorts of people... we just have to differentiate, to appreciate or to ignore ...and make use of this good forum to help our investments...

Sharing is not asking people to buy/sell..
Buy/sell at own risks anyway, one has to be mature.... presenting certain facts could attract feedbacks from sincere forumers and further enhance our knowledge on the stock....

I benefited from such exchanges of info and helped in the success of my investments ..

Share market is a very complicated place...not only are there sharks and crocodiles.... there are many "ma cai" as well. ..LOL!

Posted by Apollo Ang > 2017-07-05 18:20 | Report Abuse

no hidden agenda, just wanna help but some cannot cut loss,some stubborn,some cannot trust people and think they are smarter.can sell and buy back at cheaper price.many people like to waste food in buffet,they dunno the food they waste can feed many poor people.just like stocks don't let the sharks eat the poor people money

Posted by nikicheong > 2017-07-05 19:25 | Report Abuse

Now I think no point cut loss already. Time to cut loss was on Monday at 1.42...now at ~1.36 the stock will be nearing the bottom. Hard to see the stock fall below 1.24. So the best thing is just hold and wait and even double down for the inevitable resurgence late this year/early next year.

Posted by Toto2009 > 2017-07-05 20:04 | Report Abuse

Agreed with Niki, have not seen EPF or Manulife disposing shares as well. Just dumb dumb hold

Posted by Tai KT > 2017-07-05 20:17 | Report Abuse

Aiya, 1.42 to 1.36 is only 5% different.

Posted by FairyTail > 2017-07-05 21:41 | Report Abuse

epf more headache than anyone else... haha

Posted by nikicheong > 2017-07-06 05:17 | Report Abuse

Does anyone have any kind of data for plant utilization rates? I read somewhere that discounting the double plant expansion, Prolexus has been running close to max capacity. How true I say this? And figures? Thanks!

Posted by CKCS > 2017-07-06 08:40 | Report Abuse

Dropped like this is a serious signal to run away mah. Why u fight the downtrend? More u fight, u will lose. I tell u for good reason so not to be trapped like those salesman here.

You check back all the QUARTERLY PROFITS....THE Q3 2017 QUARTER IS THE WEAKEST AND LOWEST SINCE THE Q2 2011 QUARTER.

It is the weakest in the latest 25 quarters recorded. Failed to understand it, u will sink just like what's happening right now.