They unlikely will save during March, most company wont. Against the tide on March is like dumping money. Anything to be made better after March, ref. March 2020 . Buy/ Hold/ Sell at your own risk.
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 It is understood that Malaysian garment factories (besides Prolexus) have already withdrawn from Malaysia or already reinvested in other countries, such as Vietnam, Indonesia, Cambodia.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!
@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.
Do you guy know that fair value of this company is RM32.91 compared to today price which less than RM1. That is why Standard Charted increased thier shareholding up to 248.65% , which the 3rd largest shareholder.
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%.
Karadis, Subscribe to Bloomberg Service to get a proper analytic data.Thos blogs or kiddies trying to tell the world that they are smarter than you but Bloomberg will tell you exactly as it is, not more and not less.
You guys relax...CL and you will regret, Mother being pushed lower purpose is to issue new warrant ( coming Apr 2020 ) to replace the near expiring warrant in Apr ( just in time ) and once donem operator will push up the price to make the new warrant attractive again!!! Average down more to make big gain soon :D
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Posted by kc1991 > 2021-03-03 15:04 | Report Abuse
down follow the pace, but up didn't follow. lol.