Highlights
KLSE: PRLEXUS (8966)       PROLEXUS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.99   0.00 (0.00%)  0.985 - 0.99  210,200
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General Meeting

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Ann. Date Date Time Type Venue View
27-Nov-2012 21-Dec-2012 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531, 2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
14-Nov-2013 09-Dec-2013 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531, 2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
17-Nov-2014 10-Dec-2014 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531, 2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
24-Nov-2014 10-Dec-2014 10:30 EGM Conference Room of Honsin Apparel Sdn. Bhd., 531, 2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
17-Nov-2015 10-Dec-2015 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531, 21/2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
11-Mar-2016 07-Apr-2016 11:30 EGM Conference Room of Honsin Apparel Sdn Bhd, 531 2½ Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
23-Nov-2016 16-Dec-2016 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531 21/2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
06-Dec-2017 29-Dec-2017 10:00 AGM Conference Room of Honsin Apparel Sdn. Bhd., 531 2 1/2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
06-Dec-2017 29-Dec-2017 11:00 EGM Conference Room of Honsin Apparel Sdn Bhd, 531 2 Miles, Jalan Kluang, 83000 Batu Pahat, Johor Meeting Detail
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  14 people like this.
 
newbiecc http://www.malaysiastock.biz/Company-Announcement.aspx?id=1014395
20/11/2017 09:39
newbiecc 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.
20/11/2017 09:42
nikicheong 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.
20/11/2017 10:02
uptrending Price holding well, what the hack! I thought it would tumble for me to buy cheap cheap ! Haiz....
20/11/2017 11:13
funsapple this company got problem, better switch to KESM
20/11/2017 11:48
uptrending KESM has gone up 10 folds.... Good luck ! hehehe
20/11/2017 14:35
R40s 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...
20/11/2017 15:33
R40s 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...
20/11/2017 15:43
RainT After quarter result out , will below RM1.00
20/11/2017 22:56
reiki6 sick.. ::>_<::
21/11/2017 15:15
mrk2ca Write a comment..Prlexus now syariah compliance...hope EPF stop disposing
23/11/2017 20:17
Jon Choivo 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.
23/11/2017 20:20
wonder tmr last call to buy cheap ya
23/11/2017 20:27
newbiecc https://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_171124_.pdf

Page 17.
24/11/2017 08:36
R40s 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...
24/11/2017 11:28
uptrending Beware, Automation and Robotics technology advancement may spell the end of apparel contract manufacturing worldwide...

Sorry... just check it out yourself....
24/11/2017 11:38
tealeaf automation n robotic not only end apparel industry
24/11/2017 11:57
uptrending dare not to talk more .....
24/11/2017 12:02
gonzalez next year 2018 = worldcup year
25/11/2017 12:36
R40s 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...
25/11/2017 14:42
uptrending google robotic apparel
27/11/2017 09:56
WalalaSonono eh apa siham is tis? all bankrupt diam already leh? hahaha where are those old names supporters? must be pokai until sell pantat
30/11/2017 09:30
AK2899 down down down....fast fast sell , run faster run ~~
02/12/2017 01:56
Jon Choivo Haha too cheap to sell, not cheap enough to buy more. Oh well.
02/12/2017 03:09
uptrending The Game Changer
www.softwearautomation.com
02/12/2017 15:30
noah 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.
04/12/2017 19:57
uptrending 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...
05/12/2017 08:41
fkser 0.74 coming soon
06/12/2017 22:38
cheoky wait post election and come back...
06/12/2017 22:58
newbiecc PROLEXUS BHD declared Final Dividend - RM 0.01, the ex-dividend date on 11-Jan-2018.
07/12/2017 09:39
uptrending 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 ?
08/12/2017 11:26
nikicheong @Jon, don't fall for the "sunk cost" fallacy.
09/12/2017 10:00
Jon Choivo nikicheong @Jon, don't fall for the "sunk cost" fallacy.
09/12/2017 10:00

I'll raise you this,

1) Don't mistake volatility / downtrend price with risk

It's current about 6% of portfolio. It's currently trading at ev/ebit of 3 flat.i use it mainly as a starting point, and I can tell you, less than 3 companies is cheaper in Bursa using that metric, ignoring redchips.

If I did not have it, I would bought some, but probably more like 3% of portfolio and prepared to average down to a max of 6 to 7% .

I cap it to 6-7% why? It's textiles, commodity, cost focused, low price flexibility. At 15% roic, it should be worth at the lowest book value. If its not there I don't sell.

One can now argue that they are better opportunities in the market, but I'm too lazy just too move 3% of portfolio around just to resize.

The mistake I made was in sizing the purchase, and inability to do proper opportunity cost comparison due to lack of research, but all in all, this is one of my less stupid buys this year.

If it had similar results as magni and went up, would I have been right then and would you be congratulating me as well as yourself as you would have bought it going up?

I definitely did not buy it for optimal reasons, the first was coldeye say can buy, stupid reason, you must still do research.

Second was that it was close to all time low when I bought, and cheap compared to magni valuations. Again stupid, valuation must be done on a bottoms up basis and compared to all other opportunities.

At 1.2, I couldn't sell. It was at 3.6, low enough to be undervalued. At 1, low enough to buy more, but I like the size at this price, unless I get like a million tmr or it drops to below 0.9, I'll probably still won't be buying more.

Below 0.9, I'll add 1 or 1.5% more.
10/12/2017 02:15
PotentialGhost Nikicheong his hevea go to longkang already ,he faild to sell at a good time , really idiot
10/12/2017 11:19
PotentialGhost Only brainless people throw his share when market bearlish , buy on bullish , like nikicheong
10/12/2017 11:21
RainT Is it a buy to average down or sell to cut loss
10/12/2017 13:54
Jon Choivo Depends on the size of it in your portfolio, comparison your other opportunities etc etc.

Posted by RainT > Dec 10, 2017 01:54 PM | Report Abuse

Is it a buy to average down or sell to cut loss


He likes MHB, i also liked MHB, but now its up, need to study more, not too sure.

MHB is also at a very good price i think.

Posted by PotentialGhost > Dec 10, 2017 11:21 AM | Report Abuse

Only brainless people throw his share when market bearlish , buy on bullish , like nikicheong
10/12/2017 19:39
WalalaSonono Tiu! all these pokai sochai hold onto losses. Everyday also cry baby now change name to comment each time to fish for support. Pathethic!
11/12/2017 10:21
uptrending https://www.runningshoesguru.com/2017/08/adidas-taps-automated-sewbot-to-create-800000-shirts-per-day/
11/12/2017 10:57
Jon Choivo No need you to support one, keep dropping, im ok. I know its cheap.

Investing in stocks is in more ways than one, the arbitrage between the price and the intrinsic value of the stock, given time they must converge. We just use margin of safety ensure that we can stand the fluctuations in intrinsic value.


WalalaSonono Tiu! all these pokai sochai hold onto losses. Everyday also cry baby now change name to comment each time to fish for support. Pathethic!
11/12/2017 10:21
11/12/2017 13:47
uptrending Automation is the way going forward....
11/12/2017 15:28
uptrending https://www.reuters.com/article/us-southeast-asia-jobs/millions-of-se-asian-jobs-may-be-lost-to-automation-in-next-two-decades-ilo-idUSKCN0ZN0HP
11/12/2017 16:48
Vincent316 Next week will publish reasonable good result
11/12/2017 21:00
Vincent316 Buying more on tomorrow
11/12/2017 21:01
shareinvestor88 Sell Waterfall 50c
11/12/2017 23:20
fkser target 0.75 run run run
12/12/2017 20:31
Vincent316 0.75 is the last support point...
Still depending on the comimg announce QR.
Let bet a profitable result coming...
13/12/2017 20:28
Vincent316 Accumulated on these level....
13/12/2017 20:29
Eugenehclee84 Maybe qr will out this Friday...expected good results
13/12/2017 23:12
fkser good results like magni
14/12/2017 20:35


 

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