if you really read the 2017 annual report, the chairman has already indicated that 2018 will be soft. and he is expecting 2019 to see growth... so that is why i said you must have holding power. At this share price, it can easily double or triple in a few years... just ask yourself, can you hold it for a few years...
shareinvestor88... not just me collecting... when there were transactions today, that means "someone sold" & "someone bought"... it could be a poison to someone now, but gems to those who bought cheaply today
btw, thank Daniel Ryan for the sharing from AGM... frankly speaking, if you scroll back my previous comments, i had not expected a good quarter result... and it is good to hear that they are slowly ramping up on other customers' orders... it is not good to be too reliant on a major customer (Nike)... they used to sell around 60% to Nike and now with the drop of sales to Nike and increase of sales to others, the percentage to Nike (from the whole sales volumes) has dropped and this is actually a good thing.
If not because of the disruptive softwearautomation.com which can automate the manufacturing of T-shirt, jeans etc, due to a recent invention for which the machines or robots now are capable of maneuvering flexible fabrics like rigid materials, Nike and the likes would surely continue to outsource their manufacturing of apparel to low labour costs countries.... Prolexus would have gone ahead with the Vietnam expansion... then the future of Prolexus would be bright ... but now.....so much uncertainties and the threats linger on.... revenues keep shrinking... this does not spell well ... could it be an indication that Nikes and the like are having other plans which are no good to the OEM in the 3rd world.
It is bad luck and bad timing for investor like us
if one knows the upcoming qr result is bad, he or she with a sound mind would reduce his or her position waiting for price correction after qr released.
There are something more than Trump's reversal of US participation in the TPPA for the company to hold back the Vietnam expansion plan, though piling for the new factory has been done... I deeply suspect.....
i m concerned the set up of the new fabric mill Johor may be much much over the proposed amount, else the share price would not drop non-stop day by day and no bottom seen. It is really an unbearable pain and heart attack to me..sigh!
Down trend, can accumulate but u need to have averaging power. Resistance at 70c then 50c but sure it is downtrend. What u hope is spike onward & sell some if u holding too much. Good luck guys.
Elephant previous broight at rm150 (before this stock declare as non syarriah compliance) , no worry just get half cost now, the new mill after commissioning will start generate cash, initial start up cost incure just a common industrial norms, hardly apprear like current opportunity, all negetive factor is in, just like AA few years back, bottom up likely.
Originally Posted by boeing767: I invested my life savings of RM26,000 in the stock market after the 2008 financial crisis, and then it ballooned up to like RM300,000+ in value, which at that time was valued at >US$100k. This was back in 2011.
After running away to the US, I "parked" my stock holdings with my mom. Unfortunately, she sold a bunch of stock away to pay for my lawyer fees (RM100,000) and bail. Also over the years, my stock portfolio isn't doing too well anymore, because Malaysia is going to hell under Najib.
However, I still managed to move over a significant amount of my money over to the US using Bitcoins. That's for emergencies only, which is why I never liquidated them, no matter how hard it was the first few months in the US.
Definitely looking attractive from a value perspective. However insiders are NOT buying this fall (despite it falling so much in such a short time), and as such I think we should be a tad cautious.
Even in the interview with The Edge, the director says that any meaningful recovery can only occur in the year 2019.
The company try to be big heroes, bite off more than they can chew...and now must pay the price of it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shareinvestor88
3,404 posts
Posted by shareinvestor88 > 2017-12-31 23:24 | Report Abuse
Wah... really TP 15c ?