6月28日
利卖蛇
还叫人买PROLEXUS
利卖蛇
还叫人买PROLEXUS
Business Segments
Prolexus’ business is mainly involved in the manufacturing of apparels and provision of apparel manufacturing services to its customers, with its apparels business segment accounting for 97.2 percent of its FY16 total revenue.
As at Dec 2016 the group has three manufacturing plants located in Malaysia and China, and they design and manufacture apparels which are exported to international markets comprising North America, European Union, Australia and Asia.
Over the years, it has established itself as a reputable manufacturer of quality garment for international renowned brands. Moreover, the group also has retail businesses with its own brands under Be Elementz and Bixiz Kids.
Prolexus also has other business segments including advertising segment and others, which account for 2.4% and 0.3% of its FY16 total revenue respectively. Its advertising business segment provide advertising services on multimedia boards, while its others business segment involves investment holding, property investment, as well as provision of management services and provision of agency services.
However Prolexus is subjected to some concentration risk in that its revenue received from four major customers collectively amounted to RM374.7 million, which is equivalent to an estimated 93% of its FY16 total revenue. As such, Prolexus would likely suffer a significant impact to its revenue should any one of these major customers decided to cease its working relationship with Prolexus.
Consistent Track Records
Looking back at its past five years (FY2012 – FY2016) of financial performance, Prolexus managed to achieve a consistent increase in revenue and profit year after year. Although it is not able to boast of a substantial multifold jump in its top or bottom line in any of those years, the steady climb is in itself.
On that account, Prolexus’ revenue doubled from RM189.5 million in FY12 to RM402.7 million in FY16 ended Oct 2016, and its net profit tripled from RM10.8 million to RM33.2 million within that same period.
This leads to the group’s revenue and profit growing at a remarkable CAGR of 20.7% and 32.3% respectively. Furthermore, Prolexus’ positive cash flow from operations year-after-year speaks along the same line presenting a steadily growing company with sustainable business operations.
Prolexus’ outstanding net profit margin of 8.3% could probably reflect its competitive advantage as compared to its peers Sinotop Holdings (Sinotop) and Teo Guan Lee Corporation (TGL). The competitive edges which Prolexus possess through lower cost of goods sold per unit and better operational efficiency will see to it benefiting significantly in the competitive apparel industry.
For six months ended Jan 2017 it posted a net profit of RM14.09 million.
As at Jan 2017 its cash and short term investment stood at RM122.90 million, total debt stood at RM26.18 million. Book value per share stood at RM1.24.
Potential For Growth
Having just completed the factory expansion of its China subsidiary in FY16, Prolexus already has plans to set up a new apparel factory in Vietnam. The new factory would allow Prolexus to take advantage of the generally lower cost of production and larger pool of labour force in Vietnam, while at the same time reaping benefits from the free trade agreement between Vietnam and European Union which is expected to stimulate further growth in the export market.
Prolexus is also planning to set up a fabric mill on an 111,590 square meters freehold land located in the district of Kluang, Johor. This fabric mill enables the group to expand into upstream fabric production, so as to complement its existing core business by internal procurement of knitted fabrics instead of purchasing from external suppliers.
The initial phase of both the Vietnam factory and Johor fabric mill are expected to be completed in the second half of year 2017.
Weakening Malaysian Ringgit
The Malaysian ringgit has been weakening since late 2014. When compared against the USD, it has depreciated approximately 38% from an exchange rate of around 3.2 in October 2014 to around 4.4 (Dec 2016).
Prolexus, being an exporter, remains a beneficiary of depreciating ringgit against other foreign currencies. From its FY16 annual report, 97.5% of Prolexus’s FY16 revenue is contributed from exports to foreign countries, out of which the exports to US alone accounted for 55.5% of its revenue, whereas revenue from Malaysia accounts for merely 2.5%.
Therefore, should ringgit continue to weaken, Prolexus will be rewarded with increasing foreign export demands as well as gains from foreign currency translation.
Remisier
Futures Brokers’ Rep
vvvvvvvvvv
结果
业绩太可怕了
净利跌79％
太可怕了。。。。。。。
Quarterly rpt on consolidated results for the financial period ended 30 Apr 2017
| PROLEXUS BERHAD |
| Financial Year End | 31 Jul 2017 |
| Quarter | 3 Qtr |
| Quarterly report for the financial period ended | 30 Apr 2017 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Apr 2017
|
30 Apr 2016
|
30 Apr 2017
|
30 Apr 2016
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
61,719
|
72,948
|
258,118
|
277,493
|
| 2 | Profit/(loss) before tax |
3,414
|
3,940
|
25,023
|
25,745
|
| 3 | Profit/(loss) for the period |
2,163
|
4,630
|
19,210
|
22,096
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,589
|
3,450
|
15,677
|
18,195
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.93
|
2.57
|
9.15
|
13.55
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.25
|
0.00
|
1.25
|
1.50
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.3600
|
1.2300
|
||
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
Announcement Info
| Company Name | PROLEXUS BERHAD |
| Stock Name | PRLEXUS |
| Date Announced | 30 Jun 2017 |
| Category | Financial Results |
| Reference Number | FRA-30062017-00006 |
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