|
| |
Overview
Financial Highlight
Headlines
Business Background Karex Bhd is a Malaysia-based company that is principally engaged in manufacturing and selling condoms, sterile catheters, latex probe covers, lubricating jelly, latex sleeve, rubber finger gloves, hand gloves, and other rubber products. The company operates business through a number of subsidiaries based in Malaysia, Thailand, Hong Kong, the United States, and Europe. The company generates the majority of its revenue from the condoms business. The company has a presence in Asia, Africa, the Americas, and Europe, with overseas markets accounting for most of its total revenue.
  ChloeTai KAREX (KAREX, 5247, main board consumer stock) closed at 67 sen on 16 November 2023 The daily chart trend of Karex may show a rebound trend, and it may moves upward towards the target price of 72 sen. We are now waiting for its 1st results, on the day where its AGM is held, on 27 November 2023. 17/11/2023 10:34 AM ChloeTai Today 20 Nov 2023, one whole day of red (-0.01) at RM0.695 due to overbought position. 20/11/2023 6:02 PM  xiaoeh Why Karex so strong ha? From $0.565shoot up to$0.650 within 2 weeks time? Any news? 20/11/2023 6:10 PM ChloeTai @xiaoeh, all glove counters are turning around. From negative earnings to positive earnings. Karex is following the gloves stocks. The 1st quarter results will be released next Monday. Expected target price is RM0.72. 20/11/2023 6:47 PM ChloeTai Still manage to turn from -0.005 to +0.010 and closed at RM0.705. The AGM and 1st quarter results are on next Monday (27 Nov 2023). The target price still maintains at RM0.72. 21/11/2023 5:04 PM ChloeTai By the end of the first half of the financial year 2024 (28 Feb 2024), the FDA (Food and Drug Administration) of US should have approved the new 001 condoms to be exported to US. The price of Karex will move north. 21/11/2023 5:08 PM ChloeTai Sold all at RM0.690 and RM0.685. Got to follow the bears. I shifted to poultry counter LHI (Lay Hong International). 22/11/2023 7:13 PM Tryingtogetrich 001 condoms are by karex? I thought there are by Okamoto. One condom released a Graphene condom 1 month ago is US 24/11/2023 3:38 PM ChloeTai Very good 1st quarter results. Next Monday should rebound with high volume. 24/11/2023 6:59 PM xiaoeh Posted by xiaoeh > 4 days ago | Report Abuse Good exit point in technical term Chloe. Walao... my technical got a lot of rooms to improve 27/11/2023 9:36 PM TiffanixLVxHermes in my watchlist still expensive to accumulate waiting @ 0.60-0.65 :) 19/01/2024 12:31 PM ChloeTai I went in today (2 Feb 2024). There is nothing much that I could do now. Just wait until end of February to see whether its quarter results is good enough or not. Bears are in full control now. 02/02/2024 4:02 PM ChloeTai From a sleepy counter, become an active counter. Don't know what to expect. 02/02/2024 4:18 PM ChloeTai The long tail below the body is indicative of sellers trying to push the price down by a significant amount but the buyers manage to push it back up. The buyers do this to show a definitive buying strength which will lead to an increase in price, going forward. 03/02/2024 8:48 PM TiffanixLVxHermes wasted look for cheap now even more expensive good stuff won't get cheap it happened many times 😂 06/02/2024 3:24 PM ChloeTai KAREX is riding on the strong growth in the condom industry, focusing on high-margin products which will take its profitability to a higher level. It is penetrating high-growth markets with premium offerings backed by innovation and strict compliance with international standards. We project its earnings to double in FY24, followed by another 88% surge in FY25. We initial coverage on KAREX with an OUTPERFORM rating and a TP of RM1.00. Kenanga Research 13/02/2024 6:23 PM ChloeTai Read and listen to the words from Karex CEO. "Karex pivots beyond latex condoms". Results have been better quarter over quarter for 5 consecutive quarters. He said 26 Feb 2024 will also be better than the previous quarter. New products are lubricant and gloves. 14/02/2024 2:36 PM ChloeTai Please understand that RM0.87 at this moment is not Karex all time high. Its all time high was RM3.10 on 11.3.2016. It is unlike Sunway, MBMR, HUMEIND, etc. 14/02/2024 3:27 PM Intelligentinvest https://www.bfm.my/podcast/morning-run/the-breakfast-grille/karex-2024-condom-lubricant-glove-manufacturer-demand 15/02/2024 2:41 PM ChloeTai Still thinking very hard whether or not I should bet on Karex next Monday, with its 2nd quarter results after 5 pm. Now 0.835 and the highest 0.87. 24/02/2024 12:28 AM ChloeTai Very, very good 2nd quarter results: PAT 2nd quarter FY 2024: RM7,324 mil [compared to PAT 2nd quarter FY2023: RM2,025 million, which is an increased of 262% YoY] PAT 2nd quarter FY 2024: RM7,324 mil [compared to PAT 1st quarter FY2024: RM5,256 million, which is an increased of 39% QoQ] Hopefully, the operator will help to break the 52-week ATH of RM0.87, starting 27 Feb 2024 26/02/2024 5:26 PM cheoky buy one nasi lemak flavor condom and use tonight. support local manufacturer 26/02/2024 10:11 PM wallstreetrookieNEW The heyday of being the sole and top condom manufacturer in Malaysia is over for Karex Bhd. I used to own a significant number of Karex shares, but it saddens me that the management has failed to turn the company around even after many years. I don't believe Karex will recover to its previous highs 28/02/2024 7:25 PM wallstreetrookieNEW Agree with Kenanga's analyst with regards to the emphasis on improving margins by the company. However, the focus on premium products is not really feasible cause condom users do not place much importance on the actual quality of the products compared to other consumer staples. There is no way for the company to bring the sales volume/total sales back to 2016 levels because the competition within the condom market is surging. Despite the recent introduction of abortion laws in the US, there isn't any significant uptick in sales for the US market which is a bit disappointing. However, there still remains a few tailwinds for the condom market and near-term catalysts for Karex. Such as weaker Ringgit, and the stabilisation of raw material/labour cost. And the diversification/venture into gloves and lubricant products, on top of the company's healthy balance sheet. My mid-term PT is about RM0.90 28/02/2024 7:34 PM pang72 Consolidation shall finished.. $1.06 kenanga target coming.. KAREX is the largest condom Mfg in the world.. It need to reflect its strength but not below $1 penny world class 28/03/2024 3:16 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
