PROLEXUS BHD
KLSE (MYR): PRLEXUS (8966)
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Last Price
0.355
Today's Change
0.00 (0.00%)
Day's Change
0.35 - 0.355
Trading Volume
154,000
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
19 people like this. Showing 50 of 10,458 comments
It is expected that the performance of the next two quarters will not be satisfactory, and it is believed that the stock price will fall further.
2022-09-01 12:45
https://klse.i3investor.com/web/blog/detail/karadis/2022-09-16-story-h1649131606-PRLEXUS_8966_Bad_economy_high_inflation_high_inventory_winter_in_garmen
Although Prolexus has been eliminated by NIKE, we can analyze the entire market trend based on the world economic and the operation of these brands such as NIKE and UA.
In the near term, active wear retails dealing with unprecedented macro headwinds: inventory levels, FX movements, European consumer that's now under incredible pressure.
In late June, Nike stock slumped further after issuing single-digit revenue growth expectations for the full-year 2023. Expected Nike to lower growth estimates, citing the company still battling a strengthening US dollar and inventories remaining high across North America.
Nike's overall inventory dollars in North America were up 44% in its most recent quarter. I think inventory levels will remain high, seen that in the channel play itself out in very heavy apparel promotions throughout the sector. And whether it's Nike, Adidas, Under Armour — everyone's been a bit more promotional recently. With inflation remaining near 40-year highs, the lower- and middle-income consumer is under a lot of inflationary pressure.
All of this means that sales are sluggish, and brand owners are digesting inventory, and will naturally stop placing orders, which in turn may cause garment factories to shrink orders by as much as 50% to 70%.
The recovery of the entire market is not optimistic and may not show light until the second half of 2023.
2022-09-16 17:50
Prolexus acquires 10% stake in South Malaysia Industries for RM16.74 mil
2023-02-17 09:10
Lesson: Never CHASE outstanding results...wait for the chasers to cut loss instead LOL
2023-04-04 15:31
Take note in the news that reports Prlexus vs SMI. Long term effects on Prlexus. Many2 con men in the market.
2023-04-19 09:46
My deduction is proven correct, Prolexus's Operation business performance has been continuously declining, and the previous two quarters' performance was a false appearance propped up by Other income. Looking at the stock price of YB, the company that acquired Prolexus, it has also been consistently hitting new lows over the past two years. Why is that? It is because the team behind the acquisition of YB (which includes the team acquiring Prolexus) is a group of speculative traders who are not interested in developing real businesses; they only want to make quick money. Recently, this team has tasted success and once again embarked on an acquisition spree, targeting SMI. Unfortunately, this acquisition has encountered obstacles and has drawn the attention of relevant authorities. If you haven't jumped ship yet, it's time to do so and escape while you can! There is no bottom, only lower depths.
2 months ago
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