PROLEXUS BHD
KLSE (MYR): PRLEXUS (8966)
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Last Price
0.445
Today's Change
+0.005 (1.14%)
Day's Change
0.435 - 0.445
Trading Volume
311,200
Market Buzz
2023-03-24
117.08%Discussions
19 people like this. Showing 50 of 10,442 comments
In yesterday 580, sold just now at 630.. This counter yoyo is fun to play
2022-04-13 10:29
The shareholder equity plan, the "poison pill", is one of the defenses measure of Mr. Lau, former major shareholder of Prolexus to protect the company.
This is also Twitter's current defenses measure to against Musk's acquisition.
Unfortunately, he chose to give up for whatever reason.
Leveraged buyout where small fish eat big fish. Acquirers often use only a small amount of their own funds, and raising funds mainly by issuing junk bonds to acquire target companies. Once the acquisition is successful, the acquirer can repay the creditors by acquiring the assets of the target company. Considering the historical performance and behaviour of the new major shareholder, I am not optimistic about the continued growth of Prolexus in the future.
2022-04-16 09:15
Company dump their treasury shares in market made the share price dip lower and lower.
2022-05-25 15:52
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
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2022-04-12 18:10