Posted by CKCS > 2017-07-06 08:44 | Report Abuse

If a share price fall but profits is up and steady, then u buy a lot of it. Prlexus profit fallen -46.06% y-o-y is a clear signal telling u not to touch it until any quarter shows sign of improvement.

U may dislike me but I'm teaching u to protect yourself and make money. Those stuck salesman are scolding me and asking u to ignore & keep buying...they are not good teacher and they are conman cum a$$H0le lah.

Posted by CKCS > 2017-07-06 09:12 | Report Abuse

Jul 1, 2017 12:31 AM
"I would be happier if I can collect at lower prices next week... Haha!"

NOW COLLECT LOH LMAO

Posted by CKCS > 2017-07-06 09:13 | Report Abuse

Both also profit halved

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

Posted by Skliew > 2017-07-06 09:19 | Report Abuse

Collecting!! Haha!

Posted by Skliew > 2017-07-06 09:19 | Report Abuse

Do you own this stock?

Posted by Toto2009 > 2017-07-06 10:23 | Report Abuse

Below 1.3 will be very worth to collect

Posted by nikicheong > 2017-07-06 11:07 | Report Abuse

What a beauty. The patient man will be rewarded.

Posted by Apollo Ang > 2017-07-06 11:15 | Report Abuse

as expected

Posted by Tai KT > 2017-07-06 11:39 | Report Abuse

My 2cents on Prolexus,
Beside the weak result, EPF was buying, I think overall fundamental still intact. My guess, the weak was short term. Capacity wise is not a issue at all. (you don't have to headache on capacity since expansion, even current capacity compare the last rev they completed).
1)Only problem is rev. Company is hiring capable guy to increase the rev. (this mission can be very easy if he found the capable guy, or can be difficult if he didn't find this guy).
Further, I go through the 3 yrs performance.
2) it is weak generally for q3. See *
3) if you aware, the inventory from previous qr will roughly effect the next qr eps. See# last 2yr.
If very strange that the inventory was far low 2017q2, this means they already know the sales will be low, or they have other reason like material shortage or they want to product their own materials? To be find out..
===========================
Qr, inventory, eps
2014q1,22m,5.26c
2014q2,22m, 6.23c
*2014q3, 22m, 2.09c
2014q4,22.4m,5.19c
2015q1,21m, 6.87c
#2015q2,12m, 6.24c
*2015q3, 31m, 1.79c
2015q4, 23.4m, 6.00c
2016q1, 20m, 5.61c
2016q2, 20m, 5.05c
*2016q3, 33m, 3.03c
(Right issue 1:2 for 2016q4)
2016q4, 20m, 5.75c
2017q1, 25m, 3.48c
#2017q2, 8m, 4.12c
*2017q3, 19m, 0.86c
2017q4, ? , ?
============================
If the above analysis are valid, perhaps, the est eps will be 3.4c if 19m is the reference.
To be find out....

Posted by Tai KT > 2017-07-06 11:41 | Report Abuse

Be prepared, don't mean add or cut.

Posted by Skliew > 2017-07-06 11:50 | Report Abuse

Tai

Good input! Thanks!

Since traditionally sales in 3Q is low, management kept inventory low at the close of 2Q.

This is good management!

Thumbs up! :)

Posted by Skliew > 2017-07-06 12:04 | Report Abuse

Tai,

HOW do you arrive at 3.4 eps for the next Q?

Posted by CKCS > 2017-07-06 12:22 | Report Abuse

Collect loh....Nah makan banyak lah....lmao

Posted by CKCS > 2017-07-06 12:23 | Report Abuse

They said, sky is the limit....this Prlexus is the bottom abyss is the limit....how deep is the abyss? LMAO

Posted by CKCS > 2017-07-06 12:24 | Report Abuse

This current qtr is the WEAKEST in all of the latest 25 QUARTERS. Still cannot understand?

Posted by Skliew > 2017-07-06 12:24 | Report Abuse

Why you busy body?

Posted by CKCS > 2017-07-06 12:42 | Report Abuse

Still long way down to go lah u better save it

Posted by Skliew > 2017-07-06 12:46 | Report Abuse

https://www.amesecurities.com.my/gc/download/Prolexus%20170703.pdf

According to Amsecurities research report above, which have a forecast for the full FY17 results, in other words they have a forecast for the 4Q17 results which I worked out from there as follows:

4Q17.......
Revenue: RM105.00 Million
Net Profit: RM8.2 MILLION
FD Core EPS: 4.4sen

Posted by Skliew > 2017-07-06 12:54 | Report Abuse

Amsecurities have lowered the revenue and net profit for the forecast 4Q17 as compare to 4QFY16 yoy

The 4Q16 was as follow;

Revenue: RM125.244 million
Net Profit: RM9.977 million

Posted by Skliew > 2017-07-06 12:55 | Report Abuse

Mind your own business la!

Posted by Toto2009 > 2017-07-06 13:11 | Report Abuse

Thx SK Liew, if 4.4 sen in Q4 17 will be lower than 6.02 Q4 16, not a good sign

Posted by Tai KT > 2017-07-06 13:35 | Report Abuse

2017q1 was 3.48c from inventory 20m, that why this figure guide to 3.4c for next qr.
I think the production cycle time is the factor, if you have less inventory, you will have less out put later.

Posted by Skliew > 2017-07-06 13:39 | Report Abuse

Toto

That's the forecast by Amsecurities. I think they worked it out using past statistics to forecast the 4Q17 revenue based on this 3Q revenue. The revenue jumped about 70% from 3Q to 4Q since 2013....61.719x1.7=104.9223...:)

I think this is good enough for this year....which is a set back probably due to customers turning cautious and reducing their inventories...

I am looking beyond this FY17.

Bought for the dual expansions in Vietnam factory and Kluang knitted fabrics factory...

The capacity more than double after the dual expansion are up and running....

I checked and confirmed that the company is getting a Marketing General Manager to spearhead the marketing to increase sales from USD100 million to USD300 million after the full expansions. The advertisement in jobstreet.com is genuine and authentic.

Since there are expansions and the company is ambitious to triple up the revenue, I am riding along. Haha!

Disclaimer: Buy/Sell at your own risks.

Posted by Toto2009 > 2017-07-06 13:45 | Report Abuse

Thx SK, I'm trapped at 1.57, hahaha, will dumb dumb hold for the double expansion, my friend visited their site at Kluang, is on progress

Posted by CKCS > 2017-07-06 14:24 | Report Abuse

The massively selloff creating a gap-down technical scenario is something that u cannot deny or take it lightly. I've told u that its latest qtr results is the worst ever in the total 25 quarters. That means it's the worst every qtr result in SIX years!!

That super gap-down marks the beginning of a long term downtrend.

Posted by Skliew > 2017-07-06 14:44 | Report Abuse

Xian ka lin si !

Posted by Skliew > 2017-07-06 14:47 | Report Abuse

We are looking at top line ! Not the distorted Net profit of this quarter which had paid tax for prior quarters' taxation .

Understand?

Posted by Skliew > 2017-07-06 14:58 | Report Abuse

The massive sell down created a buying opportunity for long term investment !!! Hehehe!!

Posted by Ivy663 > 2017-07-06 15:05 | Report Abuse

actually can long term

Posted by RainT > 2017-07-06 15:33 | Report Abuse

Can long term ???

Are you sure ???

In the recent qtr report already mentioned coming will be difficult and challenging ....

Posted by tesoon > 2017-07-06 15:57 | Report Abuse

next year you can come back to see for world cup theme, what worries me is their retail section, they should focus on production, retail business hard to do now, meanwhile you can go look for other counter 1st.

Posted by nikicheong > 2017-07-06 16:16 | Report Abuse

Long term is good. Tutup mate we know that the mill and plant in Vietnam WILL BE COMING. Supposed to be H2 2017, but worst case by H1 2018 it will be operational. Margin expansion and topline growth IS A GIVEN. Question is, can you see the big picture? Are you able to discount a short/mid term price decline and look at the bigger picture?

Posted by Skliew > 2017-07-06 16:24 | Report Abuse

Don't buy if you can't see your share go down in price!

DON'T buy if you are not a long term investor!

DON'T buy if you are very intelligent and can roll your money around for maximum gains!

DON'T buy if you don't believe in their expansions!

DON'T buy if you think their past 5 years track records are not good enough!

DON'T buy if......

Haha! The if list go on and on.....


Hahaha!!!


This counter is for dumb dumb people who like to dumb dumb hold !!! Hehehe!

Posted by Tai KT > 2017-07-06 16:35 | Report Abuse

maybe some one from this industry can comments especially the cycle time from raw material to finish good. thanks.

Posted by RainT > 2017-07-06 16:35 | Report Abuse

Ya
I just buy at 1.30
So will dumb dumb hold until the Vietnam expansion materialise

Hope 1.30 is the bottom already!

Posted by laitk > 2017-07-06 16:39 | Report Abuse

I entered at 1.30 too! :)

Posted by Js Goh > 2017-07-06 16:52 | Report Abuse

Market continue to punish prlexus. Will enter when price stabilize or rebound =)

Posted by nikicheong > 2017-07-06 16:57 | Report Abuse

Damn, I am ready to buy at 1.30, but there is a seller with 11000 lots and I think the weakness can persist to tomorrow. Plus Fridays are always down days with thinner buying interest. Queued at 1.28 for now.

Posted by reiki6 > 2017-07-06 17:00 | Report Abuse

big block at 1.30 ...scary >.<"

Posted by tesoon > 2017-07-06 17:00 | Report Abuse

price will stagnant for a while, don't worry, everyday can go in

Posted by Skliew > 2017-07-06 17:22 | Report Abuse

Maybe some islamic fund take this opportunity to sell as Prolexus is syariah non-compliance....

Can check which fund holding more than 1 million shares...2 tranches of 500K were put up...

:)

Posted by nikicheong > 2017-07-06 17:27 | Report Abuse

2 tranche could be from same company too. Futile to find out who. Just be ready for prolonged weakness. Be ready to pounce when Prlexus breathes its last.

Posted by Skliew > 2017-07-06 17:38 | Report Abuse

Toto,

At what stage of the construction of the factory in Kluang?

I understand that both the 2 new plants in Vietnam and Kluang would be ready for production in early part of 2018....

If you read this QR report, there are RM121 million capital expenditure as at 30th April, to be spent on the 2 plants...

This is a massive expansion....

Posted by Tai KT > 2017-07-06 17:43 | Report Abuse

anyone from kluang, know the status?

Posted by Ymchan > 2017-07-06 17:58 | Report Abuse

Fund manager is doing bargain hunting now especially the Islamic fund is keen to offload their share. I guess off market deal has started today thus, we can see the share price has depressed to 1.30 . I brought some at 1.36 yesterday and this support level is so easily broken by today. Will monitor this on next few days to leverage down the total investment cost.

Posted by Skliew > 2017-07-06 18:15 | Report Abuse

The price we buy is important but the price at which we sell, most of the time, determines our returns of our investments!!

A few percentage difference would not be significant, my humble opinion...

Posted by nikicheong > 2017-07-06 19:33 | Report Abuse

Quote: The price we buy is important but the price at which we sell, most of the time, determines our returns of our investments!!

Sir, with all due respect, this is false. When you read what the best in the business have to say (people like Peter Lynch and Benjamin Graham), they say the opposite is true rather. Our buying price determines our eventual returns.

Posted by nikicheong > 2017-07-06 19:34 | Report Abuse

Use Google Maps to find the location of the Kluang and Vietnam mill.

Based on Abridged Prospectus, it says Vietnam done in Q3 2017 and mill done in Q4 2017. How? Can or not?

Also, any reason for the decline in topline sales? What could they be? We have favourable FX somemore...

Posted by limch > 2017-07-06 20:22 | Report Abuse

Revenue is lowest last 3 years. Staffs can cut salary?

Posted by Toto2009 > 2017-07-06 20:30 | Report Abuse

Skliew, still building the structure only for Kluang. Suggest to visit the site if you want to know in details