Highlights
KLSE: PRLEXUS (8966)       PROLEXUS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.445   0.00 (0.00%)  0.445 - 0.455  871,900
Analyze this stock with MQ Trader system

Price Target



No recent Price Targets for stock

Trade this stock for as low as 0.05% brokerage. Find out more.

  19 people like this.
 
TheContrarian Bought at 50.5 sen.
27/07/2021 11:03 AM
ShareBurger @alvin: Wahlau...you think people care woven or knit crap.. Revenue go down ma!
Niamah..you tell people they dun lose customer..but suddenly profit drop like birdshit..
Lapsap company this..
27/07/2021 11:32 AM
ShareBurger Dun know what work the director do.. If I am boss, I confirm kasi sack liao..
People do business for make money..not lose money..
27/07/2021 12:15 PM
stockfreak Revenue can't lie. But Serba is an exception although not yet proven.
27/07/2021 12:17 PM
sujibaby @alvin1188, Thank you for your thoughts regarding my analysis.
However, I disagree on your rebuttal for revenue drop through type of fabric involved.
Based on my readings, Prolexus has over 25 years of experience in knitwear business and their customer connection should be as good its counterparts.
Let us not blame the ups and downs of the industry with regards to poor survival decisions.

What intrigues me the most is, how did Prolexus went ahead during the pandemic with its new products that resulted in extraordinary profits but failed to maintained it.
What happened in between that period of time? Who was there back then? Why the spark of brilliance died off?
Why the fall came to quick?

Thats why i always say that Prolexus failed to make hay while the sun was shining back then.
27/07/2021 12:45 PM
ShareBurger @sujibaby: This very interesting wo.. we know the director now all cannot use one. Director never change what... So who take charge there?
If I boss, I kasi hantam the directors now.
27/07/2021 1:02 PM
karadis @alvin1188 Child, you should really study hard. In fact, I found one of your strengths, you are best in reverse the right and wrong.

First, you send a link to tell everyone what Knit fabric and woven fabric are, and then you say that we should compare apple with orange. Both apparel products have different markets so it is not fair to compare their sales with Magnitech directly.

In fact, do you know? Knited Apparel's market share is at least double or triple up that of Woven's market share! Mean that Prolexus should be perform well compare to Magnitech. Go and check the information! You like an idoit, and asking people do you know the difference between boys and girls? The kids now maybe it's not necessarily know lesser than you.
27/07/2021 1:11 PM
karadis Fable Stories for fun.

There are two fruit shops in Batu Pahat, one sells apples (Magnitech fruit store) only, and the other sells orange (alvin1188 fruit store) only. During the epidemic, everyone knows the importance of vitamin C supplements, so that they are all rushing to buy fruits.

Vitamin C of orange is higher than apple obviously, and more people should buy orange compare to apple. Mean that sales & revenue of orange (alvin1188 fruit store) should be better than apples (Magnitech fruit store) due to the market demand.

But the strange thing is that the quarterly report shows that the revenue of alvin1188 fruit store (Orange) has fallen sharply for three consecutive quarters, but Magnitech fruit store (Apple) Revenue has grown significantly against the trend. This totally subverts the perceptions and expectations of shareholders.

Facing the doubts of shareholders, alvin1188 had to hold a press conference to explain why the sales performance of Magnitech fruit store continues to set new highs despite the severe situation of the epidemic, while alvin1188 fruit store is getting worse and even creating, negative income, and serious loss. Although both of them also selling fruits.

In the press conference, alvin1188 asked the reporters back, do you know the difference between apples and orange?

Although they are both fruits!
Although orange's vitamin C is obviously higher than apples!
Although orange's market demand is greater than apples!

But they are not the same fruit, so you can’t compare that way.

It’s definitely not my fault that my fruit shop doesn’t make money.
It’s definitely not my core management team’s ability problem and fault.
It’s definitely not my change and improve ability problem.
And it’s definitely not my client who abandoned me.

In short, the summary is:
I am absolutely not wrong! If there is a mistake, it must be your fault! If there is still a mistake, it must be market's fault!

Really laughed at me.........hahahahahahaha

like @jojo69 said:
@alvin1188, If you are wrong, you must admit it! Prolexus's revenue has indeed fallen badly, not just a little bit.

Stop keep talking nonsense, and mislead everyone.
27/07/2021 1:14 PM
karadis @sujibaby, About your doubts:
# What intrigues me the most is, how did Prolexus went ahead during the pandemic with its new products that resulted in extraordinary profits but failed to maintained it.

What happened in between that period of time? Who was there back then? Why the spark of brilliance died off? Why the fall came to quick?#


It is necessary to think deeply about your doubts. Maybe alvin1188 can help you, because he seems like the spokesperson.

Doesn't matter, as long as their Top Management level is not like alvin 1188, then I think there is still some hope.
27/07/2021 1:21 PM
ShareBurger heavy throw at 0.495...diu!
27/07/2021 3:05 PM
Jason Sold all Prlexus 0.495, loss RM10k.. Loss confident with Prlexus
27/07/2021 3:23 PM
ShareBurger @jason: Its ok bro, move on. Many go listen to @alvin join this train. Now all go south.
He said he got call Prolexus ask got customer or not..QR come out like sh*t.
27/07/2021 3:42 PM
jojo69 A break below 0.5 is a very dangerous signal. We can see that the main force has been ensuring that it does not fall below 0.5. Now it can’t be held, which means that it will continue to fall to a reasonable price. It may be 0.4, or even 0.3. Once we confirm that we are in the wrong position and direction, we must acknowledge the error in time, and make a stop loss and correct it. Then we will not drop deeper and deeper.
27/07/2021 4:04 PM
jojo69 It is definitely not easy for a company to turn losses into profits. Because a company wants to turn a loss into a profit, it must be supported by many elements. For example: a. Market Demand; b. Excellent products; c. Successful team

But it is so easy for a company become poor performance, even loss. Because there is a problem with one of the following three items, it is over. a. Market Demand; b. Excellent products; c. Successful team

Therefore, I agree that Prolexus may take at least 1 to 2 quarters to reverse the trend. After all, it has fallen for three consecutive quarters. The problem does not exist in a day.
27/07/2021 4:20 PM
jojo69 @alvin really misled everyone. You even said again that you will write to their management to get some more insights. Are you naive or do you really treat everyone as children?
27/07/2021 4:22 PM
Bgt 9963 Good luck.
27/07/2021 5:43 PM
myway WHO urges fully vaccinated people to continue to wear masks as delta Covid variant spreads
https://www.cnbc.com/2021/06/25/delta-who-urges-fully-vaccinated-people-to-continue-to-wear-masks-as-variant-spreads.html
28/07/2021 9:09 AM
karadis Does the core management of Prolexus know that their performance is not good? Confirmed they know! So why did they adopt the Bonus Issue strategy before QR is released?

Think about how @alvin1188 encouraged everyone to increase purchases when Prolexus announced the implementation of BI, and think about everyone's reactions and actions at that period. And the stock price action.

Everyone please looking at the QR - Investment Holding's profit in this quarter is RM 5,395,000. Where did this come from? Hmm....their BI strategy is............
28/07/2021 3:27 PM
ShareBurger Director no vision. No plan one.. no direction sia..
If i boss, i piss them ready..
29/07/2021 9:15 AM
ShareBurger @karadis, that CFO noob strategy, goreng price.
Now price drop until no eye see liao.
29/07/2021 9:18 AM
alvin1188 @cookielookz, please scroll up and see my earlier comment. I emailed their management and asked if they lost key customers like Nike and ASICS (as joker / scammer Karadis said he heard "rumours" they lost these main customers...hahahahahahahaha.... rumours...)...
then reply I got from the management is, these customers are still with them. Maybe because of the lower sales from NIKE / ASICS on knitted fabric product (which Prolexus mainly produces), we see that Prolexus recorded lower sales too.

But it is a joke that this joker Karadis simply sabotage them saying they lost these customers without having a proof...

in fact, it is quite obvious that he spent so much time here because he wanted to see the share price drop so he can jump in to collect them cheap...

else, why spend so much time here to "save" ppl??? hahaha... is he a SAINT?? so kind??? haahhahaha

guys, judge by yourself why Karadis is here...
29/07/2021 9:58 AM
alvin1188 @jojo69, are you naive? Tell me how we can get more info if we dont check with their management? Unless you are the board of directors or key management team members of the company, else how can we shareholders know more info without checking with them?
29/07/2021 10:02 AM
alvin1188 @Shareburger, dont talk nonsense... losing the customer versus selling less to the customers are 2 different things.. okay? What I pointed out is, Karadis sabotaged saying they totally lost the customers.. but the management indicated lower sales but that that does not mean lost the customers.. when did I mislead ppl? I gave all the correct info, okay?
29/07/2021 10:04 AM
alvin1188 @sujibaby, you are a more sensible person. I agree with you that there is still room for Prolexus management to do better. What I pointed out mainly is, if you compare Magnitech directly with Prolexus, they sell different types of apparels and if knitted fabric products dont sell good in the market, their sales will not be good too. So we cant just compare apple to orange.
29/07/2021 10:11 AM
alvin1188 @sujibaby, even if Prolexus has firm connection of their main customers, if their main customer's sales on knitted products dont sell good, will Prolexus benefit from this?
29/07/2021 10:14 AM
fikri018 bullish engulfing?
29/07/2021 12:04 PM
karadis Prolexus (8966) Revenue Continues Decline Severely vs NIKE & Asics' Performance Grow Continues

https://klse.i3investor.com/blogs/karadis/565731.jsp

Why does Prolexus's performance continue to decline severely? But the performance of its core customers like NIKE & Asics continues to grow?

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

Here is Prolexus management's email reply post by @alvin1188

Dear Shareholder,

It was disclosed in our annual report that we expect sales orders to downscale due to the pandemic but it does not mean that they are no longer our buyer. Even though with a reduced volume, we are still obligated to undergo audit and due diligence assessment.

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

Believe what others say! You are not naive??

Yes! You are not naive!! You are the spokesperson of Prolexus at all. It is so obvious from your reply today!


Dear sinkalan/joker alvin1188, please show us the proof :
NIKE is not gone!
Asics is not gone!
Under Armour is not gone soon!
29/07/2021 12:20 PM
karadis @fikri018, The old trick! Within a few days of rising, then it will continue to fall severely. At this time, if you don't run away, greedy, and finally you get stuck and lose money!
29/07/2021 12:23 PM
karadis Why said that @alvin1188 is the spokesperson of Prolexus. If you look carefully, once @alvin1188 comes out to speak, there will be a sum of money coming in to raise up Prolexus's stock. Then he disappeared again, and the stock price continued to fall.

I seriously suspect that @alvin1188 is actually an insider of Prolexus.

the QR - Investment Holding's profit in this quarter is RM 5,395,000. Where did this come from? Hmm....their BI strategy is............
29/07/2021 12:27 PM
Jason You can see fake Sell Q at 0.5 .. fake buy Q at 0.495.... hope operator win
29/07/2021 12:37 PM
FactCheck @Karadis. The QR you're referring to is for financial period ending 30th April 2021.

Bonus issues were proposed on 24th May, only approved and announced on 8th June, and released in the market 24th June.

How are you linking those two things together? Or were you referring to the next QR that is not even out yet? You truly have very interesting insight.
29/07/2021 12:42 PM
karadis @FactCheck, Please! If you are a employee, do you receive last month's salary before the 10th of every month?

If you are the employer, do you have to check month performance once a month. As the owner and CFO of the company, it is difficult for them to know the operating status of the company every month? It will take 3 months to know? Before formulating a strategy? OMG! Talent!!!
29/07/2021 12:53 PM
karadis Okay! Everyone quickly buy more. With the support of the @alvin1188 spokesperson, the stock price must soar! It doesn't matter if the performance is not good, it doesn't matter if the performance continues to fall, it doesn't matter if the customer abandons them. Buy it quickly! Otherwise, there will be no chance Now. I'll have a share of the pie as soon as possible. Hahahaha
29/07/2021 12:55 PM
FactCheck @karadis lol. What the management knows or not cannot be added into the financial account for the period la (the RM 5+ million profit that you were so keen to point out).

To put things simply (and in your words): Please! You can record next quarter's profit now meh?

Make mistake already , admit la. Denying it doesn't help your credibility.
29/07/2021 1:11 PM
YC88 I choose to be believe @alvin1188 , will collect more. If you trust the management then buy, if not , just sell. No need always talk negative things here.
29/07/2021 1:25 PM
sujibaby Many questions to ponder upon. If you are curious as me, do take a read.

Prolexus (8966): Running out of orders? Really? Facts based speculation - 29 July 2021 - Sujibaby

https://klse.i3investor.com/blogs/sujibaby_yongtai/2021-07-29-story-h1568848608-Prolexus_8966_Running_out_of_orders_Really_Facts_based_speculation_29_J.jsp
29/07/2021 1:54 PM
ShareBurger @sujibaby: Whoa lan noi..si beh cun!

'As the designated successor of the talented Lau Mong Ying, what has been achieved so far by the new Executive Director is indeed disappointing. The revenue drop, lack of orders secured and an under-utilized textile factory with poor operation management of its own.'

told you all..useless fellow!
29/07/2021 3:12 PM
jojo69 @sujibaby, Your professional sharing makes me shine.

Prolexus bull-run came to an end when its revenue started to take a hit in 2016 and 2017 onwards. As shown below, Prolexus revenue and profit has not been experiencing stable growth upon Q2/2017. The interesting fact was, it was not due to the fall of revenue or share price performance of Nike. Took a peak at Nike's share price performance, my goodness me!
--------------------------------- Agree!!!


What if Nike order reduction is not the only reason for the downfall?
--------------------------------- This broadened my horizons! You mean that MD Lau Mong Ying mistakenly appointed CFO to become Executive Director. Is this the real reason for the decline of Prolexus? Only MD Lau Mong Ying can know whether the person appointed has fully played the role of CEO. But obviously after the CFO was appointed as Executive Director, Prolexus has been in decline.


MD Lau Mong Ying for building Prolexus actively since 2011. As an investor, he is the kind of leader that can hold my money so that I sleep well at night.
--------------------------------- Agree!!!


Although we could never deny a possible rise after the downfall, the future seems bleak without a change of leadership for sure. As investors, it is important to have a holistic approach on share price growth as it often reflects business potentials with visionary leaders. Prolexus certainly has its serious concerns.
--------------------------------- Agree!!!


If I were to be among the members of the board, wouldn't I be worried on the outcome of Prolexus upon retirement of Lau Mong Ying?
--------------------------------- Agree!!!


So, what caused the extraordinary profit in Sept 2020?
Who were the employees that made it happen? Are they still being employed? That is a million dollar question to answer. As an investor, that is the question that we may ask the management.
--------------------------------- Agree!!!
29/07/2021 3:23 PM
HSIF88 Bought a bit today. Hope it will rebound above 0.50 despite all the negative reviews by the experts here by tomorrow.
29/07/2021 6:26 PM
Jason Miss Alvin1188 reporting
30/07/2021 3:33 PM
Jason Guys, let me know if you loss confident with Prlexus.... 行情在绝望中产生
30/07/2021 5:48 PM
karadis Technical View - Prolexus Bhd - Down Trend
It is expected that a drop to 0.25~0.30 is the best entry point due to the technical analysis.

https://klse.i3investor.com/blogs/karadis/566621.jsp
30/07/2021 7:15 PM
Jason Please sell me 0.4... I want sailang
30/07/2021 9:58 PM
Bgt 9963 Good morning.
31/07/2021 9:05 AM
ShareBurger I buy 0.25 later. Warrant jialat..sooo expensive now. Going to waterfall liao..run!!!
31/07/2021 5:20 PM
Jason Prlexus wb support at 0.13, 50% off from highest
02/08/2021 12:11 PM
jojo69 Obviously not optimistic, I think it is very dangerous to drop a little every day. People who still have tickets in their hands really need to pay attention. I will consider collecting some tickets at a price when lower than 0.3, it's will be more low risk. And warrant b is overvalue too much, be careful.
02/08/2021 6:36 PM
risktoreward I still believe the tide is turning, in the overall market. It will carry this boat as well
02/08/2021 7:25 PM
imvu harga 0.450 ada dekat dekat area rebound . mungkin minggu ni rebound .
03/08/2021 1:15 PM
jojo69 I don't think so!
03/08/2021 2:52 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

473  380  544 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SERBADK 0.405+0.025 
 SAUDEE 0.105-0.015 
 PERMAJU 0.090.00 
 KANGER 0.06-0.005 
 SYSTECH 0.3050.00 
 YLI 0.46+0.04 
 EMICO 0.31+0.005 
 GREENYB 0.33-0.05 
 SERBADK-WA 0.095+0.005 
 PAOS-WA 0.135+0.035 
PARTNERS & BROKERS