Posted by CKCS > 2017-08-25 17:15 |

Post removed.Why?

Posted by CKCS > 2017-08-25 17:16 | Report Abuse

Itz true PRLexus is having deep troubles mah....!! Dropping like Titanic loh....!! U still wait to be drowned meh? LMAO

Posted by CKCS > 2017-08-25 17:17 | Report Abuse

Nike not necessarily give contracts to PRLexus mah.....!! Anytime can give to other companies loh...!! When that announced....we shall see how u shout and defend loh...!! LMAO

Posted by CKCS > 2017-08-25 17:19 | Report Abuse

http://www.barrons.com/articles/nike-competition-conflict-1503324476

http://www.barrons.com/articles/nike-and-under-armour-slammed-by-sneaker-recession-1503070041

https://seekingalpha.com/article/4078613-nike-triple-trouble

Posted by CKCS > 2017-08-25 17:20 | Report Abuse

https://www.cnbc.com/2017/06/30/nikes-earnings-spell-trouble-for-under-armour-in-apparel.html

Posted by Skliew > 2017-08-25 17:38 | Report Abuse

https://shenglufashion.wordpress.com/2016/10/16/statistics-global-apparel-market-2016-2018/

GLOBAL APPAREL MARKET IS HUGE!!

AFTER THE DUAL FACTORY EXPANSION, PROLEXUS IS VERY COMPETITIVE AS IT WOULD BE VERTICALLY INTEGRATED AND WITH UP TO DATE MACHINERIES.

NIKE, UA, ADIDAS ALL DEPEND ON THEIR CONTRACT MANUFACTURERS !!

THE BOSSES ARE NOT WORRIED AND WENT AHEAD WITH THE EXPANSION, DOUBLING/TRIPLING UP THE CAPACITY.

WE ARE NOT WORRIED EITHER AS WE ARE LONG TERM INVESTORS FOR 3-5 YEARS!

HAHAHA!

SO PLEASE MIND YOUR OWN BUSINESS !!

Posted by Skliew > 2017-08-25 19:00 | Report Abuse

https://www.amundi.com.my/professionnal/Local-Content/Footer/Quick-Links/Regulatory-Information/Amundi

Amundi Islamic Malaysia
An Islamic fund

Posted by nikicheong > 2017-08-25 21:40 | Report Abuse

Wow man all also bickering like kids.

Anyway it does seem like there is lots of selling pressure still over here. No catalyst to buy. I will wait for it to go lower. It's already at an attractive price, but no hurry. The lower you buy in at, the lower your downside risk + the more magnified your eventual returns.

Posted by ccmeow > 2017-08-26 05:18 | Report Abuse

Agree, I will commence my purchase at 1.15 on next Monday. Thanks Nick.

Posted by RainT > 2017-08-27 13:23 | Report Abuse

Agreed

I also waiting to down more to buy more

Posted by CKCS > 2017-08-28 09:39 | Report Abuse

Got cats got dogs here.....throw a bone at them and they will fight among each other for it LMAO what a loser and losing counter...!!

Posted by Dolly_Chai2 > 2017-08-28 10:52 | Report Abuse

niki... no offense but i have seen you mentioned before that you wanted to get in around 1.35 (price then)... and it keeps going lower and you keep lowering your entry price...

i doubt if you can ever get a chance to buy... lol...

Posted by Dolly_Chai2 > 2017-08-28 10:54 | Report Abuse

on the contrary, i buy in batches... i bought at around 1.2+ until now 1.18... and will buy more when it gets lower/stabilizes... coz you will never know when is the lowest...

Posted by CKCS > 2017-08-28 17:24 | Report Abuse

I hear fart only LMAO what a sore loser this Dolly is....better go meow LMAO

Posted by stormie > 2017-08-29 10:11 | Report Abuse

Oh no! Bad news
http://www.thesundaily.my/news/2017/08/28/prolexus-plan-build-vietnam-plant-delayed

Posted by nikicheong > 2017-08-29 16:03 | Report Abuse

Better wait for the sell-off from this adverse news. Prepare to buy in on a sudden plunge (if it happens). Likely next Q result also not good, and then they would have to tell all shareholders clearly that the plant is delayed, leading to a further sell-off. Looks like we might even hit RM1 level if we are patient. Long-term, the company is in good shape/health, but short term there are substantial weaknesses present. Remember, it is your entry price that will eventually dictate your returns when you decide to sell a stock. Buy low, sell high. That be the mantra.

Posted by nikicheong > 2017-08-29 16:54 | Report Abuse

Please read this for those who have forgotten the potential

https://www.amesecurities.com.my/gc/download/Prolexus%20161017.pdf

Posted by Skliew > 2017-08-29 18:42 | Report Abuse

As reported in the interim report for the quarter ended 30-04-2017
12. Capital commitments
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
-----------------------------------------------Total 121,615

RM 87,932,000 has been authorised and CONTRACTED.

Shouldn't the work already in progress?

Posted by Skliew > 2017-08-29 18:57 | Report Abuse

Interim report for the quarter ending 31-01-2017
12. Capital commitments
As at the reporting date, the capital commitment of the Group is as follows:
Property, plant and equipment: RM’000
- Authorised and contracted for. .. 27,306
- Authorised but not contracted for 99,840
-------------------------------------------------------127,146

Posted by Skliew > 2017-08-29 19:10 | Report Abuse

RM 60,626,000 contracted between the 2nd quarter and 3rd Quarter.

Posted by Skliew > 2017-08-29 19:12 | Report Abuse

Interim report for the quarter ending 30-04-2017 Utilisation of proceeds
On 20 June 2016, the Rights Issue exercise has been completed upon listing of the Rights Shares with free Warrants.
The status of the utilisation of proceeds of RM 56,832,730 raised from the Rights Issues with free Warrants as at 30
April 2017 is as follows:
Purpose Intended Timeframe for Utilisation Proposed Amount
Amount Utilised
as at 30 April 2017 Reallocation
Amount Unutilised as
at 30 April 2017
RM'000 RM'000 RM'000 RM'000
Construction of a new garment factory in Vietnam within 24 months ending 30 June 2018 22,000 (695) - 21,305
Setting up fabric mill within 24 months ending 30 June 2018 33,233 (7,515) 95 25,813
Estimated expenses in relation to Rights Issue within 1 month ended 31 July 2016 1,600 (1,505) (95) -
56,833 (9,715) - 47,118

Posted by Skliew > 2017-08-30 15:50 | Report Abuse

1) Present total combined apparel capacity of the 3 factories in Batu Pahat, Penang and China is 14 million pcs.

2) The capacity of the new apparel factory in Vietnam is 26 million pcs.

3) The NEW Knitted Fabric Mill in Kluang ( Prolexus Textile Park) would have an ultimate capacity of 200 million yards.

The whole company only consumed 15.5 millions meters knitted fabric in 2015 and the annual revenue was RM350 million...

The potential revenue after full capacity expansion is mind boggling....

Up to one's prediction.... double up? triple up?, quadruple up? or more?..

Posted by stormie > 2017-08-31 20:41 | Report Abuse

Why they delay expansion again? Could it be demand not strong to fill the planned expansion capacity? If share price dropped so much should be good bargain but no directors or major shareholders buying. Could it be they know headwinds ahead of time?

Posted by Skliew > 2017-09-01 01:10 | Report Abuse

Expansion is ongoing, isn't it? Authorised and contracted CAPEX as at the reporting date of the 3rd QR was RM87.9 million.

Worldwide apparel demand is growing every year.

After the dual expansions, PROLEXUS would be vertically integrated and become very competitive. With their 40 years experience and long term relationship with the branded manufacturers, the directors must be very confident in sourcing orders from their customers, otherwise would they increase the CAPEX from RM77 million to RM130 million?

Noted some buying from the Chairman and MD though not significant but they didn't sell....and substantial shareholders netted in since QR3 announcement...

There maybe some hiccups in the short term but over the long term, I am confident that Prolexus could be as good if not better than.....( you know which listed co in Bursa..)

Posted by Skliew > 2017-09-01 01:18 | Report Abuse

Noted STORMIE IS COMPLETELY NEW IN I3. Now only has 2 posts so far and the 2 are in Prolexus forum.

Hmmmm.......

Posted by red_85 > 2017-09-01 16:03 | Report Abuse

EPF just start disposing ..long ways to go

Posted by Skliew > 2017-09-01 16:27 | Report Abuse

Many seem do not know how EPF invests.

Apart from their own inhouse investment team, EPF appointed many fund managers to invest for them.

More than often, EPF declared selling and buying the same shares on the same day. This is because one of the appointed fund managers is buying and the other selling..

Posted by Skliew > 2017-09-01 17:09 | Report Abuse

After QR3 ,

EPF Board bought 2,715,800 shares of Prolexus from 4.7.2017 to 11.8.2017, likely from.the in-house team.

A check from the Bursa Changes in Shareholders announcements and Annual Reports 2015 and 2016,
Amundi Asset Mangement for EPF held
1,500,000 shares as at 30.10.2015;
3,000,000 shares as at 31.10.2016 and
1,000,000 warrants as at 31.10.2016
(Implying it subscribed for 1,000,000 rights share @rm1.00 with 1,000,000 free warrants for EPF Board; possibly had increased the holdings to 2,000,000 shares b4 the rights issue ex date)....
Then...
Bought 300,000 shares on 10.04.2017
Sold 300,000 shares on 22.8.2017
Sold 500,000 shares on 24.8.2017
Sold 500,000 shares on 25.8.2017

Amundi Asset Management likely still has a balance of 2,000,000 Prolexus shares invested on behalf of EPF.

WE shall see if it continues to dispose...hmmm..

Posted by nikicheong > 2017-09-02 15:00 | Report Abuse

Agreed with Skliew observation. I noticed the same, hence I have held off from coming in just yet, especially since there are buy orders for 5,000 lots at 1.17.

Amundi likely will not liquidate all their position, doesn't make sense. But they might sell off another block of 5,000 lots given that there are ready buyers.

Problem with Prolexus is, there are many buyers queuing on the buy queue (and little sellers on the sell queue), but there are too few buyers buying off the sell queue (and too many sellers selling to the buy queue).

This suggests that there is no "initiative" to take Prolexus higher in the interim, probably in expectation of weaker Q4 results. However, it also means that should a big buyer come in at these price levels (say, Kenanga or Eastpsring small/mid cap funds), it will easily push the price up to RM1.30 levels.

Posted by nikicheong > 2017-09-02 15:01 | Report Abuse

I might finally cave in and put one leg in at 1.15 in the coming week. Should the price get to RM1.05 I can top up a second time, and a third time at 0.95. Hold for the long term. Should be a relatively safe three-bagger in 5 yrs time.

Posted by RainT > 2017-09-02 15:16 | Report Abuse

Buy Prlexus for its expansion !!!!

Posted by Yap888 > 2017-09-02 16:12 | Report Abuse

When is Vietnam plant up to running?

Posted by Skliew > 2017-09-03 08:31 | Report Abuse

Yap888, it is a matter of time. Would it make a lot of difference If it is 1Q18 or 2Q18 or even slightly later.

I always remember this quote:

IT'S BETTER TO BE APPROXIMATELY RIGHT THAN BE PRECISELY WRONG"

:)

Posted by luckypunting > 2017-09-03 08:50 | Report Abuse

It needs improved business revenue/profit to move up the share price, does Management give investor the clarity?

Posted by Skliew > 2017-09-03 08:51 | Report Abuse

https://www.jobstreet.com.my/en/job/senior-marketing-manager-textile-3360610

Posted by Skliew > 2017-09-03 08:53 | Report Abuse

As advertised above

COMPANY OVERVIEW

Prolexus Berhad is listed on the main market of Bursa Malaysia Securities Berhad since 1993. The Group has more than 40 years of experience in apparel manufacturing with manufacturing facilities in Malaysia, China and Vietnam (ready in 2018). We are specialised in high performance sports apparel for world-renowned sportswear brands. With the current workforce of more than 3000 employees, our annual capacity is 14 million pieces and it is projected to reach 40 million pieces upon completion of the expansion plan in Vietnam.

With an ever-increasing demand for innovative, high-quality, performance sports apparel all over the world, Prolexus Group is preparing itself to soar towards even greater heights, by expanding upstream into textile manufacturing. 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, to meet the demand of a global social movement for dynamic, sports-inspired lifestyles. We will be a one-stop textile and apparel provider.

Future is there...

Posted by Skliew > 2017-09-03 09:00 | Report Abuse

1) Vietnam Plant would be ready by 2018. Vietnam Plant apparel capacity 26million pcs to make up total 40 million pcs from the present 14 million pcs.

2) The Fabric Mill ( Prolexus Textile Park) in Kluang with ultimate capacity of 200 million yards...

It needs efforts, capital, time to deliver...

But for investors, just want QRs..

Share price already severely penalised after QR3 and market expectation, I think, a bad QR4..

I also want to buy cheap cheap...haha!

Posted by nikicheong > 2017-09-04 20:39 | Report Abuse

Since Prolexus is already hiring for their new plants, this will likely further eat into the start-up costs for Q1/Q2 FY2018.

Now my dilemma is...do I come in now, or wait for end of September (after Q4 FY17 out), or wait for end of December (after Q1 FY18)...have to make decisions soon.

Posted by Skliew > 2017-09-05 08:36 | Report Abuse

Initial production of the Kluang Facric Mill is for own internal consumption which was 15.5 million meter for FY2015. This means the Fabric Mill already has a ready client to take up all the produces initially and will contribute directly to the bottom line.

The initial start up costs would be relatively insignificant and the learning curve should be short as the Fabric Mill is a joint venture with Men Chuen of Taiwan which holds an 11.1% equity share. Men Chuen has been in Fabric Manufacturing and will provide the technical support..

I am optimistic.. .hehe

Posted by nikicheong > 2017-09-05 13:25 | Report Abuse

Wow I had a shocker looking at the buy queue. Big buyer @1.19, then poof...all the way down to 1.12. All we need is Amundi to dispose one block (or even just 300k as they sometimes do), and we're good to go.

Posted by Skliew > 2017-09-05 15:14 | Report Abuse

If the tension in North Korea escalate, then very good chance to buy cheaper.... But we shouldn't underestimate the buying power of so many other funds... They are real long term holders than we all ikanbilis leh...

Posted by R40s > 2017-09-06 09:20 | Report Abuse

Is it time to buy now? The story below may help those who try to time the market :

http://klse.i3investor.com/m/blog/kianweiaritcles/131582.jsp

Posted by nikicheong > 2017-09-06 16:01 | Report Abuse

Gone, block at 1.19 is gone. Question is, how low do we fall? Someone disposed a 5000 lot block. Looks like EPF-Amundi is at it again.

Posted by Skliew > 2017-09-06 16:11 | Report Abuse

Haha! Possible! But there is also an equal big buyer. Who is the buyer?

In stock market for every seller there is a buyer and each think he is smarter.... haha..

Posted by nikicheong > 2017-09-06 16:42 | Report Abuse

The buyer already queue there long time. Might be Manulife group of funds or some other person.

Posted by Skliew > 2017-09-06 16:45 | Report Abuse

See if another 500K come out to buy? Haha!

Posted by Dolly_Chai2 > 2017-09-07 11:24 | Report Abuse

well said R40s... the link you shared is exactly what I had mentioned earlier -- only GOD can time the market...
as long as the share price is undervalued (based on valuation/calculation of its intrinsic value), we should buy in batches. Coz I had this kind of bad experience myself in the past that I ended up didnt get to buy any of the good shares as the price kept going up and never went back down.. i regretted very much... so i learned my mistake there...

perhaps there is some "sifu" who really can predict the bottom so well, i will say good luck to him...
i wish he is able to time the market so well and maximize his profit..

i am no GOD, just a normal value investor so I buy in batches.. today I bought again... hehe

Posted by Skliew > 2017-09-07 12:15 | Report Abuse

Unless there is a trade war or Korean War or market crash... the bottom is near... buyers surfaced when it hit 115 and bought up to 117....the seller, one single main seller for today, will soon run out of shares to sell further. hehe...

Posted by nikicheong > 2017-09-07 14:57 | Report Abuse

Hello everybody, in @ RM1.16 just moments ago. Long-term holding. Fundamentals look good. Near term catalyst is the re-inclusion into the Shariah index in mid/end Nov 2017. Long-term growth possible with the Vietnam plant (topline expansion) and the Johor fabric mill (margin expansion).

I buy cause I deem it to be "cheap" at the moment. It is finally the "best" option I have at this moment in time. However, doesn't mean the price won't drop lower still. I will likely come in for a second round should the price for whatever reason tank at the end of this month when Q4 17 results are out. My second round will be when the price gets 10% below my buying price, i.e. at ~RM1.05.

Good luck to everyone. I remember putting in buy orders at RM1.48 a few months ago. Thankfully they never got filled. Patience to some extent has paid off. Now to hope for Prolexus to be a multi-bagger over a 3-5 year period.

Posted by GooGooDolls > 2017-09-07 15:47 | Report Abuse

rubbish waste time n space better buy shoe at least can walk n run lol