Posted by Fear Trend > 2017-11-06 15:49 | Report Abuse

what happen? bargain hunting? should accumulate more? or wait?

Posted by wonder9k > 2017-11-07 15:44 | Report Abuse

How does SC know that Prlexus's cash holding doesnt not have enough Islamic Deposit to stay below 33%? Is Prlexus required to furnish them the detail seperately as it is not shown in audit report

Posted by nikicheong > 2017-11-07 22:47 | Report Abuse

@Fear, always stick to a plan. Don't saja saja accumulate. Better you buy with targets. Say, RM1.20 then top up again every 5% or 10% fall. Like that market fluctuations do not bother you much.

As for me, I will wait for a while more, and maybe top up if it falls to the RM1.07 region. The reason is I see better/clearer prospects elsewhere. Prolexus is now the smallest company in my 5 stock portfolio at just 5.5% of my holdings.

Posted by Yole Bek > 2017-11-08 12:51 | Report Abuse

@niki what's your average price?

Posted by nikicheong > 2017-11-08 13:59 | Report Abuse

I only buy once at 1.16

Posted by Jon Choivo > 2017-11-09 01:27 | Report Abuse

Id buy some, but i like other companies as well. Oh well.

Posted by Booyeah > 2017-11-09 09:47 | Report Abuse

recently, Nike and under armour reported target lower sales and Chinese news paper lower the target the prlexus as well.. probably one of the causes of the decline in share price. Niki, u still confident with prlexus?

Posted by nikicheong > 2017-11-09 09:54 | Report Abuse

Yes, I hold my position for now. Won't add until it goes lower to ~RM1.07, and even then it depends on various factors. However it is a moderate conviction buy. There are other high conviction buys for me out there. Like Jon says above, I like other companies as well. Need a bit more clarity on the startup of the new factories I reckon before I double down.

Posted by Booyeah > 2017-11-09 22:10 | Report Abuse

thanks on the clarification. will monitor again..

Posted by paktua73 > 2017-11-10 13:15 |

Post removed.Why?

Posted by nikicheong > 2017-11-10 21:02 | Report Abuse

SC Shariah compliant securities list will probably be out around 23-24 Nov 2017. If you are a betting person and are confident in a re-inclusion, might be prudent to put some money to work.

Posted by kok1984 > 2017-11-13 00:20 | Report Abuse

公司簡介
綿春纖維工業股份有限公司成立於1987年3月，公司資本額為五億一千三百九十五萬元，為顯昱關係企業於台灣地區彙集織造、染整與進出口營銷貿易之主要成員，公司設立於台北市內湖區，並於桃園一帶擁有織造，染整，物流等各個生產廠區。

長年的努力經營，綿春纖維累積的不只是技術、口碑及優良品質，顧客致上的信念，也是綿春的保證。堅毅而持久，如松柏般欣欣向榮卻沉穩的生命力在日新月異的市場中添了璀璨的一筆。在背負深獲市場品牌口碑的使命下，綿春纖維成立研發部門與鑽研新布料開發技術，使其能夠快速反應市場並且提早洞悉客戶所需；引進國外先進自動電腦生產設備，擁有世界級生產水準，並具備各國際品牌標準化認證之實驗設施，確保生產品質。

在營銷成果方面，綿春纖維每年都精益求精，年營業額已經上看至新台幣三十五億左右，屬台灣地區所有製造業的排行前八百名，論及一個白手起家的公司，能有如此優異的成果實屬不易。紡織業為傳統產業，跳脫傳統巢臼，保留傳統之美德，它的市場發展可因經營的理念新穎而無限的延伸。綿春纖維秉持著不斷創新的精神，提升自我實力，開發紡織產業各類別之市場，以期企業之永續經營

Posted by nikicheong > 2017-11-14 13:10 | Report Abuse

Exited today @1.14. I still have faith in this being a quality long-term stock however I wanted to put my capital to better use in something I am both more certain about, and where the potential payoff is higher.

Still KIV Prolexus though. If the catalysts get stronger and the price weakens further, I might come back in. Still believe this can double/triple within 5 years.

Good luck to everyone else who still remains. Cheers!

Posted by funsapple > 2017-11-15 10:54 | Report Abuse

i think will drop below 1.00 , stay tune and collect from the bottom~

Posted by DreamHigh > 2017-11-17 21:40 | Report Abuse

vietnam expansion plan will be delayed.

Posted by RainT > 2017-11-19 17:28 | Report Abuse

Nikicheong

You are Prlexus big supporter, you also left ...oh no

Prlexus Ship to sink soon

Posted by RainT > 2017-11-19 17:28 | Report Abuse

Where you get info the Vietnam plan is being delay ???

Posted by uptrending > 2017-11-20 08:07 | Report Abuse

Concentrate on the fabric mill first and it will improve the margin by 5%..would not strain balance sheet and management... If apparel revenue @RM400million, this will bring in additional profit of Rm20 million lo...

The fabrics from the new fabric mill, apart from supplying in-house, can also sell to other manufacturers..and generate additional revenue and profit. The ultimate annual capacity of the fabric mill is a wobbling 200 million yards leh....The fabric mill alone will generate tremendous growth...

Posted by sl3ge > 2017-11-20 08:56 | Report Abuse

Announcement say it want to right issue?

Posted by newbiecc > 2017-11-20 09:39 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1014395

Posted by newbiecc > 2017-11-20 09:42 | Report Abuse

The fabric mill is being built on a 14.4 hectares of freehold land in Kluang, Johor which is
about 60km from the group’s current main factory in Batu Pahat, Johor with an initial built-up
area of 361,000 sq. ft. Construction of the said mill began in February 2017 and is expected to
be completed and fully commissioned in the first half of 2018. The estimated initial annual
production capacity of the mill is about 30.0 million meters.

Posted by nikicheong > 2017-11-20 10:02 | Report Abuse

Better sell and run for now. Vietnam is indefinitely delayed, while the fabric mill will now only launch in H1 2018. Lucky I sold last week at 1.14.

Can revisit later on when the price weakens to RM0.80-RM0.90 and when the risk-reward profile is more attractive.

Posted by uptrending > 2017-11-20 11:13 | Report Abuse

Price holding well, what the hack! I thought it would tumble for me to buy cheap cheap ! Haiz....

Posted by funsapple > 2017-11-20 11:48 | Report Abuse

this company got problem, better switch to KESM

Posted by uptrending > 2017-11-20 14:35 | Report Abuse

KESM has gone up 10 folds.... Good luck ! hehehe

Posted by R40s > 2017-11-20 15:33 | Report Abuse

sl3ge, this is not a new RI, it's from last year's RI, the balance money to be reallocated for the Fabric mill instead of keeping for the Viet's factory...

The fabric mill is expected to be completed and fully commissioned in the 1H2018, that means Q1 or Q2-2018, only another few months away...

Posted by R40s > 2017-11-20 15:43 | Report Abuse

The market overreact, now trading at PE 8.5 only...

This is unjustifiable, eventhough the Vietnam factory on hold, they are still expanding, what more now they fast track the fabric mill to speed up their expansion into upstream business, which will give higher revenues and higher profit margins...

Posted by RainT > 2017-11-20 22:56 | Report Abuse

After quarter result out , will below RM1.00

Posted by reiki6 > 2017-11-21 15:15 | Report Abuse

sick.. ::>_<::

Posted by mrk2ca > 2017-11-23 20:17 | Report Abuse

Write a comment..Prlexus now syariah compliance...hope EPF stop disposing

Posted by Jon Choivo > 2017-11-23 20:20 | Report Abuse

R40, relax. Let it drop lah. So what. I owned since 1.3.

If it drop below RM0.9 can start to buy more d.

The thing not good about this management is, always ESOS, always right issue, always warrant issue.

Niama, need money take loan lah, no need issue shares one.

Posted by wonder > 2017-11-23 20:27 | Report Abuse

tmr last call to buy cheap ya

Posted by newbiecc > 2017-11-24 08:36 | Report Abuse

https://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_171124_.pdf

Page 17.

Posted by R40s > 2017-11-24 11:28 | Report Abuse

Not page-17, see page-20, no. 72 :

72. 8966 Prolexus Bhd

Next week onwards should see EPF/AMUNDI buying back Prolexus shares, much cheaper for them now...

Posted by uptrending > 2017-11-24 11:38 | Report Abuse

Beware, Automation and Robotics technology advancement may spell the end of apparel contract manufacturing worldwide...

Sorry... just check it out yourself....

Posted by tealeaf > 2017-11-24 11:57 | Report Abuse

automation n robotic not only end apparel industry

Posted by uptrending > 2017-11-24 12:02 | Report Abuse

dare not to talk more .....

Posted by gonzalez > 2017-11-25 12:36 | Report Abuse

next year 2018 = worldcup year

Posted by R40s > 2017-11-25 14:42 | Report Abuse

US, China and Japan are racing to produce A.I. Robotics, in 5 to 10 years time, most jobs can be handled by robots. Even Malaysia is also promoting the Industrie-4.0, similar scenario will be here too. A lot of workers will lose TTY their jobs, even professionals like Accountants, Lawyers, Doctors, etc. may also be replaced to some extent...

Many industries will have to invest into robotics to reduce costs, better quality, higher efficiency and more productivity, at the expense of reduction of human workforce.

The day of reckoning will come, sooner or later, nobody knows the exact dates...

Posted by uptrending > 2017-11-27 09:56 | Report Abuse

google robotic apparel

Posted by WalalaSonono > 2017-11-30 09:30 | Report Abuse

eh apa siham is tis? all bankrupt diam already leh? hahaha where are those old names supporters? must be pokai until sell pantat

Posted by AK2899 > 2017-12-02 01:56 | Report Abuse

down down down....fast fast sell , run faster run ~~

Posted by Jon Choivo > 2017-12-02 03:09 | Report Abuse

Haha too cheap to sell, not cheap enough to buy more. Oh well.

Posted by uptrending > 2017-12-02 15:30 | Report Abuse

The Game Changer
www.softwearautomation.com

Posted by noah > 2017-12-04 19:57 | Report Abuse

We expect our existing apparel manufacturing business
and advertising business to remain profitable in the
next financial year. Nevertheless, the fabric mill which
is estimated to be completed and commissioned in the
first half of 2018 to incur higher depreciation and startup
losses in the next financial year mainly due to lower
capacity utilisation at the initial stage.

------
Profitable..
But profit reduced...
Keep in watch list but keep out for now.

What a waste.
This supposed to be a company with promising prospect.
But several factors all is unfavorable for this company.

1) Trump factor - Abort TPPA
2) RM strengten to RM4.06.
3) Slowed expansion - Vietnam expansion delayed.
4) Temporary start up losses & depreciation.

2018 would not be a good year for PRLEXUS.

Posted by uptrending > 2017-12-05 08:41 | Report Abuse

Hopefully OBM manufacturers would not relocate manufacturing activities closer to the market places with the advent of robotic automation in manufacturing...

Maybe one reason for delaying the Vietnam expansion until further notice... haiz...

Posted by fkser > 2017-12-06 22:38 | Report Abuse

0.74 coming soon

Posted by cheoky > 2017-12-06 22:58 | Report Abuse

wait post election and come back...

Posted by newbiecc > 2017-12-07 09:39 | Report Abuse

PROLEXUS BHD declared Final Dividend - RM 0.01, the ex-dividend date on 11-Jan-2018.

Posted by uptrending > 2017-12-08 11:26 | Report Abuse

Fabric Mill
Building construction cost RM54 million
Facilities construction cost RM27 million
Machinery and equipment Rm33 million

Disproportionately low investment in machinery and equipment, how much automation is the new mill ?