Most of the noise here is a group of vested interests. They can't refute my point of view from the data, they just can insult. This is their standard and level.

Congratulations on successfully escaping from WARRANT yesterday, this is their usual trick, coaxing everyone into the arena, and then fleeing by themselves. If you receive their temptation to enter the arena, you may have to be careful.

@ Alvin1188. Relax, don't be so nervous. I am look forward to the day when the quarterly report is released and the performance will slap you on the cheek loudly.

In response to various speculations, Prolexus couldn't bear it and decided to buy buy buy....

Congratulations everyone....

But is this a sign of prosperity in order to conceal the truth?

In any case, as long as everyone makes money is a good new. It will be announced later whether Prolexus shareholders are buying the stock.

Research is an interesting thing. It can help us dig out the truth of the facts and find the logic of the evolution of things. It will enrich our imagination and analytical ability. This will be a great asset. I will continue to study Prolexus to verify my views and let me become a great analyst.

For example, after my seemingly negative sharing, purchasing power has flooded into it today. What about the logic of this and the show of the next trend?

It turns out that my comments can stimulate the dealer to buy, which is really great. It's interesting.

I look forward to today's continued boom. If you want to arbitrage, you can arbitrage now. If you want to influx, then you can continue influx. It's good for everyone to be happy.

I am also looking forward to the final result of my research after the QR come out.

Prolexus going to bankrupt soon. I don't agree with the view, because none of their situation has reached such a pessimistic point. The core reason is they still have the resources can be dissipating or wasting. You can fully understand my point of view through the following links:

https://klse.i3investor.com/blogs/karadis/489280.jsp

I am very happy that you can participate in the discussion, Baby.

As I shared below:
https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp


"First, let's look at the following key contents of Prolexus's financial report:

a. 24. Borrowings
b. 18. Cash and Bank Balances,
c. Statement of Cash Flow
Understand that:

Total Borrowings = RM 94,198,000
Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


According to data, Prolexus has more than 3,000 employees. We assume that the average salary per person is RM 2500/month, which represents the monthly fixed labor cost expenditure = RM 7,500,000 (Yearly = RM 90,000,000)


Is it mean that:

Thinking points 1:
Their Cash and Bank Balances can support 1 year's fixed labor cost, if there is no order income at all. Of course they still have income although their revenue decline, but this is warning that their fixed cost (single labor cost) is very high in the case of order reduction, cash flow will turn to negative cash flow. So there is a great possibility that they will plan to “lay off” employees!

Cash and Bank Balances = RM90,198,000
Fixed labor cost = RM 90,000,000


Thinking points 2:
Their Cash and Bank Balances can support 7.4 years of Bank’s Loan-Repayment / Dividend Paid / Payment:

Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


Although Their Cash and Bank Balances can support 7.4 years of Bank’s Loan, but the money is liquid, it needs to flow according to the actual needs, such as salary payment, turnover of raw materials purchasing and etc.. So the actual support period may only be less than 2 years."



-------- Mean that, we should not just can't simply judge the company's fundamentals based on the level of Quick Ratio, we need to consider their current actual operating conditions, especially the historical financial data presents the facts that have occurred, not the current performance, and there is a problem of lag. This is why the last quarter's financial report was good, but the share price has been declining ever since.

I strongly believe you are the insider in Prolexus according to what you were sharing. Could you please share some in-depth information for us to gossip? Don't run away from my question!

Quick Ratio only 0.345 only? Is it true?

A company with a quick ratio of less than 1 means that it is currently unable to repay liquidity resistance.

That means that if the deterioration continues, the company may go bankrupt due to poor cash flow!


What Is the Quick Ratio?
The quick ratio is an indicator of a company’s short-term liquidity position and measures a company’s ability to meet its short-term obligations with its most liquid assets.

Key Takeaways:
The higher the ratio result, the better a company's liquidity and financial health; the lower the ratio, the more likely the company will struggle with paying debts.

According to Sujibaby's previous history sharing, it is obvious that she has a full understanding of Prolexus, and may even be a member of the board of directors. No wonder she knows about the internal fighting incident.

Some people ousted the Executive Chairman?

Poor operation, abandoned by the brand, stocks continue to fall, the board of directors internal fighting, and sells the company's stock. It seems that everything is not simple.

These data is analyzed according to last year's financial report (2020/07), and it has been half a year since now.

According to the stock price decline trend in the past few months, it is obvious that the problem has gradually been exposed. Just like Sujibaby's internal news, the problem has worsened due to internal politics and infighting events. Ahmad Mustapha Ghazali began to sell his stocks and quit from the Board of Directors during that time period.

Based on the severe operating conditions, will Prolexus (8966) may face the cruel fact of layoffs?

https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp

Three important people in Annual Report!

Ahmad Mustapha Ghazali
Executive Chairman
(It is understood that he has sold out his shares in Prolexus and left the company)

Lau Mong Ying
Managing Director
(The largest shareholder holding the most shares)

Choong Chee Mun
Executive Director cum
Chief Financial Officer*
(E.D. cum CFO)

Sujibaby, do you mean that you know this information from their neighbor company?

E.D. cum CFO - Choong Chee Mun?

Their company promote him to become an Executive Director. It must be well-thought-out. I believe he should not be that bad! Could you please share some in-depth information for us to gossip?

Internal Politics?

Step Down?

What actually happen? You know a lot of information and secret. Please share to us, baby.

Shouldn't the CFO just in charge of finances only? Their CFO also leads the management and decision-making of the company?

Their CFO also the CEO?

No wonder the company is so badly managed, CFO not equal to CEO. Their vision and thinking logic are not like entrepreneurs.

Let us check their management team information first.

Suggest that we all insist on not buying, and waiting for the financial report. If really fall to the predicted revenue and profit margin, which means that all of this is true. Then the large institutions will sell off the stock definitely and fall vertically.

I will collect the share after the large institutions sell off the stock, then collect the low risk share.

Sweetie @Sujibaby, I am very happy to have your support. Frankly speaking, their management team is awful, unbelievable it makes the stock price fall back to the original point. They severely undermined the trust of investors in their company. Do you agree? Please share ur opinion.

Prolexus (8966) 2021 Q1 Prophesied

https://klse.i3investor.com/blogs/karadis/2021-03-10-story-h1542120220-Prolexus_8966_2021_Q1_Prophesied.jsp


Please also refer to the opinion of Author: BuyCall

PRLEXUS (8966) – Latest Quarter Result [1QFY21] - Within Expectation?

https://klse.i3investor.com/blogs/buycall/2020-12-16-story-h1538250306-PRLEXUS_8966_Latest_Quarter_Result_1QFY21_Within_Expectation.jsp

@POONJ Agree.
When I sent out the analysis results, a group of people jumped out to refute immediately. It is now obvious that they intend to create an illusion of rising, attract us to buy, and then quickly flee due to the son is nearly expired. I will wait until the price drop to 0.4, and believe that a reasonable and low risk price.

https://klse.i3investor.com/blogs/karadis/486084.jsp

I got the data from KLSE Screener, which is the public data. I always believe that data can tell us the truth, especially the financial data.

Welcome everyone to discuss the points that I bring out. But please provide data to support your opinion. Because the investment should not rely solely on self-deception.

Prolexus Financial Data Analysis.
https://klse.i3investor.com/blogs/karadis/486084.jsp

We can briefly summarize the following points according to the analysis (their QR Financial Data):
1. Prolexus's apparel business has been unable to reach the balance of profit and loss. Before the addition of masks business, the loss in the 2020/04 quarter reached -14.32%

2. The performance and profit (apparel + masks business) in the quarters 2020/07 & 2020/10 have dropped significantly.

3. Masks temporarily support their company's revenue. But if brands abandon Prolexus is true and masks have no market or demand decline, it is believed that the performance of 2021/01 will drop by at least 30%.

https://klse.i3investor.com/blogs/karadis/486084.jsp

Prolexus Financial Data Analysis.

I reluctantly sold the remaining few lots. Sad...

@Lukesharewalker. There are a lot of masks on the market now, and some are anti-viral disposable masks. I think their mask business opportunities are gone, especially now that countries are starting to vaccinate.

Be careful of the next crash. My stockbroker sharing with me. They will create an illusion of rising, attract us to buy, and then quickly flee due to the son is nearly expired.

Seeing some sharing on KLSE Screener, Prolexus's main garment business has been abandoned by the brand. If that is the case, their business will definitely shrink in the next few quarters. The company might be over. It is understood that Malaysian garment factories (besides Prolexus) have already withdrawn from Malaysia or already reinvested in other countries, such as Vietnam, Indonesia, Cambodia. Prolexus have the factory in China, but the cost is huge high, and there are critical issues such as the trade war, etc., not optimistic!

@uncertainty93, agree with you. Obviously, there is a problem with their management capabilities.

Their management is bad enough, the stock falls to hell, and the CEO & CFO just sit and get their salary?

I am not agree. The Warrant is near to expire. If mother cannot return to at least 1.3, it is certain that Son will lose money. So unless the son falls below 0.05, then we will have a lower collection risk.

Yeah! Keep going up, this time at least up to 1.50 definitely!!!

Keep falling...Will it really drop to 0.8 like people said?

go..go..go.....

Engine Start !!!

At least there will be a big drop, because their factory have closed. Once all the worst has happened, it should be the best time to enter.

Vaccine started, gloves showed signs of bad.

It looks like the vaccine stock is ready to start.

If the vaccine is successful, the infrastructure will fly.....

Agreed! This time the momentum will definitely work!

The engine started, there are signs of flying.

According to local friends, they have closed the factory, and it was last week, but they have hidden the new. But why their company don't make the announcement. Should their CFO or CEO should announce to bursa.

Prolexus subsidiary Honsin confirmed the outbreak of COVID-19 infection. According to reports, hundreds of people have been infected. This is serious.

Is there any hope of rushing to the sky?

Looks like it's taking off.....