Posted by RainT > 2017-08-06 13:13 | Report Abuse

Buy slowly when this share price is at the bottom

Posted by CKCS > 2017-08-07 11:40 | Report Abuse

Game over...!!! Will be dragged down and stay there for a LONG.....................TIME to come!! LMAO

Posted by Dolly_Chai2 > 2017-08-08 10:07 | Report Abuse

haha... AKUMAUKAYA... u finally found out the real identity of CKCS....

Posted by CKCS > 2017-08-08 10:27 | Report Abuse

Aiyo.....collapse more woh.....Dolly so nervous now! How leh? Where is your loud mouth oh? Hahhaha LMAO

Posted by apolloang > 2017-08-08 10:32 | Report Abuse

profit down company cannot buy already been warned

Posted by nikicheong > 2017-08-08 15:02 | Report Abuse

Hold steady fellows, more discounts on the way

Posted by CKCS > 2017-08-09 11:18 | Report Abuse

GAME OVER ........!!!

Posted by PoormanTrader > 2017-08-09 14:34 | Report Abuse

Next quarter report loss?

Posted by nikicheong > 2017-08-09 23:57 | Report Abuse

Anyone knows what this means?

------------------------

As at the reporting date, the capital commitment of the Group is as follows:

Property, plant and equipment:
RM’000

- Authorised and contracted for
87,932

- Authorised but not contracted for
33,683

Posted by Skliew > 2017-08-10 01:56 | Report Abuse

Meaning the expansion plan is much bigger now. The management now implementing the expansion plan of the planned stage 1 and stage 2 together. There may have room for stage 3 future expansion....as the fabrics factory could have a capacity of 200 million yards annual production. The stage 1 as planned was only 14 million meters as reported in the rights issue circular to the shareholders. .. Total Capital Expenditure for the 2 expansion now is about 130 million (part already paid) instead of 77 million as reported in the rights issue circular to the shareholders. Fabric manufacturing is capital intensive as it required M&E facilities like air conditioning, electrical installations, waste water treatment plant, etc apart from the machineries...

Posted by Skliew > 2017-08-10 07:14 | Report Abuse

http://www.jobsviral.net/2017/

As stated in the recruitment advertisement.

"Prolexus Bhd is a public listed company, with its core business in sport apparel manufacturing is expanding upstream into textile manufacturing with annual capacity of up to 200 million yards of knitted fabric. ......."

Posted by nikicheong > 2017-08-10 08:50 | Report Abuse

@Skliew, you sure that 130mil is already paid, or just a part of it is?

Posted by Skliew > 2017-08-10 09:33 | Report Abuse

No! You misunderstood.

Total Capex committed is rm130million excluding land costs of the 2 factories. I meant only paid a few millions (part already paid) as reported in the latest QR. The fabric factory (Prolexus Textile Park) Capex is about RM100 million....

Posted by Skliew > 2017-08-10 09:45 | Report Abuse

https://www.1111.com.tw/job-bank/company-description.asp?nNo=71693890

The fabric factory costs rm100 million is mentioned in the advertisement of recruitment.

Posted by Skliew > 2017-08-10 09:58 | Report Abuse

"Authorised and contracted for" meant already authorised to spend and contract/purchase order issued.

"Authorised but not contracted for " meant the capex is ready to be spent but the contract/purchase order has not been issued.

Posted by nikicheong > 2017-08-10 10:10 | Report Abuse

If you calculate the EV/EBITDA and EV/EBIT for T4Q, it is under 4.0X! Lots of future expansion growth totally disregarded.

Hopefully I can come in within the next 2 weeks.

Posted by CKCS > 2017-08-10 15:41 | Report Abuse

Aiyo...Dollychai must be on top of building now. Dun jump off lah....

Posted by CKCS > 2017-08-10 15:42 | Report Abuse

Share price collapsing loh.....!!! Coming qtr must be very bad...!!

Posted by apolloang > 2017-08-10 15:43 | Report Abuse

tell her sis Pauline chai come and buy wif her over 500 mil from kkp....hahaha

Posted by Jon Choivo > 2017-08-10 16:06 | Report Abuse

"If you calculate the EV/EBITDA and EV/EBIT for T4Q, it is under 4.0X! Lots of future expansion growth totally disregarded.

Hopefully I can come in within the next 2 weeks."

Exactly, kind of the reason i didnt sell. Close eye buy.

If you do an analysis of their real margin, its actually comparable to magni's

Posted by nikicheong > 2017-08-10 19:43 | Report Abuse

Did any current holders top up in recent days at sub RM1.25 levels?

Posted by nikicheong > 2017-08-10 22:13 | Report Abuse

Their jobstreet ad seems too optimistic...or not? https://www.jobstreet.com.my/en/job/senior-marketing-manager-textile-3360610?fr=21

Some interesting details:

- Vietnam operations to begin in 2018 only!

- Prolexus Textile Park in Kluang, Johor, of which the Group’s fabric mill will be situated, will have an annual capacity of up to 200 million yards of knitted synthetic fabric
(initial production per Abridged Perspectus and Annual Report is only ~15 million yards!)

- annual capacity is 14 million pieces and it is projected to reach 40 million pieces upon completion of the expansion plan in Vietnam
(initial production capacity expansion from Vietnam is just 3.5mil pcs per yr, only 13.6% of the implied eventual Vietnam plant capacity)

Posted by Skliew > 2017-08-10 22:49 | Report Abuse

Capex for the Vietnam plant has been increased from RM22 million to about RM30 million as deduced from the Capex allocation, total rm130 million - rm100 million for the fabric mill.

So the Vietnam plant capacity has been increased. Initial production of 30% was 4.5 million pcs, not 3.5 million. Apparently the Vietnam plant now has a capacity of producing 26 million pcs (40-14).

200 million yards annual production for the fabric factory could be the ultimate capacity pending further future expansion.....

The company should be knowing what they have planned for and would not simply put down the figures.

Posted by Skliew > 2017-08-11 09:58 | Report Abuse

Change in design due to doubling in capacity in the Vietnam plant? From about 14 million pcs to 26 million pcs? So long as there is massive growth in the future... why mind the slight delay... haha!

Posted by Skliew > 2017-08-11 13:14 | Report Abuse

Niki, when will the fabric mill in Kluang start production?

Posted by CKCS > 2017-08-11 14:16 | Report Abuse

Nah.....eat lah u...!! Told u something gone very wrong with Prlexus mah...!! Now evident loh.....!! LMAO

Posted by CKCS > 2017-08-11 14:17 | Report Abuse

I hear the sound......Kaputt....putt....kaka....putt......gone into longkang loh....!!

Posted by Skliew > 2017-08-11 14:59 | Report Abuse

The fabric mill will start production first... then the Vietnam apparel factory...both early 2018....

Fabric mill ultimate capacity 200 million yards per annum... wow! This alone will exceed rm1 billion in revenue..

Vietnam apparel factory capacity 26 million pieces...total capacity 40 million pcs..

Fantastic Future Growth
From 14 million pieces to 40 million pcs...apparel manufacturing.... almost tripling up ..
Revenue from apparel manufacturing also rm1 billion !

Posted by Dolly_Chai2 > 2017-08-11 16:05 | Report Abuse

haha.. sorchai CKCS.... I am more than happy to look at its current price now... added more at 1.17 & 1.18.... I still keep bullets to buy more if it drops further...

Posted by CKCS > 2017-08-11 19:33 | Report Abuse

Sohai Dolly crawled out of which shit cave? Fun hiding in there? I thought u MIA just like stockraider? Btw stockraider latest behaviour in Hengyuan showed that he has no integrity. What happened to Prlexus share price leh....?? Why keep falling? Smell something fishy? Losers always say buy when drop.....and I yawned. LMAO

Posted by Skliew > 2017-08-12 12:20 | Report Abuse

https://shenglufashion.wordpress.com/2017/06/06/market-size-of-the-global-textile-and-apparel-industry-2015-to-2020/

An ever growing industry.
Bright future lies ahead of the massive expansion.

Posted by Skliew > 2017-08-12 12:34 | Report Abuse

https://shenglufashion.wordpress.com/2016/01/28/minimum-wage-in-the-apparel-industry-continues-to-rise-in-most-asian-countries-in-2016/

Good Move in setting up apparel manufacturing factory in relatively low labour costs Vietnam with 26 million pcs capacity. The 3 factories in China and Malaysia currently producing 14 million pieces.

Posted by winnerz > 2017-08-12 21:27 | Report Abuse

For those who want to ride on this counter, need to wait for a couple of months...monitoring...:)

Posted by Js Goh > 2017-08-12 23:18 | Report Abuse

Yup

Posted by grateful_ > 2017-08-13 21:46 | Report Abuse

80 sen pls.

Posted by paktua73 > 2017-08-14 01:09 | Report Abuse

old man lost on paper RM39.2k
avvrge per share on hand at 1.404
hu hu hu

Posted by Skliew > 2017-08-14 08:47 | Report Abuse

Once in a lifetime opportunity! Hahahaha!

Posted by nikicheong > 2017-08-16 19:15 | Report Abuse

No sellers this week....only buyers (low volume). Sounds ominous....

Posted by uptrending > 2017-08-16 19:26 | Report Abuse

this stock has the potential of doubling up or tripling up... sellers have been depleting as buyers are collecting patiently for more than 1 month ... noted EPF coming in to buy again.

those who want to buy, don't be penny wise pound foolish loh...
rather than approximately right than precisely wrong loh !

Posted by gohkimhock > 2017-08-16 20:12 | Report Abuse

for this counter, bcos of its unexpected dwindled profit, it is better to wait for next quarter results. Otherwise you are gambling on it.

Posted by nikicheong > 2017-08-16 20:41 | Report Abuse

@gohkimhock, this is the type of counter that can double or triple up...OVER THE LONG TERM. 3-5 years....easily double or triple up if you know the expansion plans of the business.

Posted by uptrending > 2017-08-16 22:30 | Report Abuse

if anything is wrong structurally with the company, the management would not have gone ahead with the expansion plan loh. It now has not only gone ahead with the expansion plan but has also doubled up or tripled up the capacity !

Why worried of the short term noise, if any, when the future is so exciting loh !

Posted by uptrending > 2017-08-16 22:35 | Report Abuse

Every time I look at Prolexus, it reminds me of Press Metal !

Posted by fullcreammilk > 2017-08-17 09:28 | Report Abuse

The expansion plan sounded really promising, especially when you factor in their fabric mill which they claimed would increase profit margin by 5%. Yet, I really don't like how the management said it was going to complete expansion plans in 2017, but haven't even used the allocated funds in the last QR. So slow! Why? No explanation given in the QR.

Posted by R40s > 2017-08-17 10:56 | Report Abuse

fullcreammilk,

One of the reasons I can think of is: The company has revised their expansion plan to have bigger production capacities in their new Vietnam factory and Kluang fabric mill, so the project completion date would be delayed because of additional resources required, including additional machineries, workforces, finance, and time.

Let's hope Prolexus expansion plan will turn up well for all long-term investors like us.

Posted by fullcreammilk > 2017-08-17 11:50 | Report Abuse

@R40s. Hopefully you are right because that's a better reason than plain mismanagement or ineffective planning. Again, the fact that the QR didn't bother to provide more details is terrible and belittling us shareholders. In the next AGM, must strongly question them on their silly review section in the QR.

Posted by RainT > 2017-08-17 22:29 | Report Abuse

Yaya ...agree !

Pls request them to hire more professional people to write more proper review

We shareholders want to know more and have the right to know

Posted by R40s > 2017-08-18 10:47 | Report Abuse

Somebody should to go to their AGM n demand this transparency from the Company...

Posted by Skliew > 2017-08-18 11:48 | Report Abuse

Don't worry! More and more fund managers will be in this stock. It will be more and more transparent as it continue to grow bigger and bigger. The fund managers surely would request for it.

Btw, for FY16 apparel revenue for NIKE was USD9.5 Billion and Under Armour was USD3.2 Billion. The market is quite sizeable for Prolexus to grab.

Once the fabric mill is completed, coupled with the new Vietnam factory, Prolexus would be more competitive in capturing a bigger market share from its contract manufacturing with Nike and Under Armour.

Posted by Dolly_Chai2 > 2017-08-18 16:20 | Report Abuse

RainT & R40s, I have emailed their management to request them to provide more clarity/explanation in their quarterly report. So far their reports are not informative enough... let's see if they will improve on this one.