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2017-01-02 18:17 | Report Abuse
2017-0102: The Malaysian Rubber Glove Manufacturers Association (MARGMA) has requested that the Home Ministry review the Employer Mandatory Commitment (EMC) ruling, which took effect yesterday, mandating that employers pay their foreign workers’ levy.
A couple of days ago, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi announced that employers will henceforth be responsible for paying the levy for their foreign workers.
Zahid, who is also home minister, said employers will no longer be allowed to deduct from the wages of their foreign workers to pay the levy under the EMC.
“This is all too sudden, and is detrimental to medical device manufacturers who are already having to bear mounting production costs,” said MARGMA president Denis Low Jau Foo.
“The cumulative effect of the levy is a very hefty amount. We appeal to the government to nurture manufacturers to improve on the country's exports because we are facing acute competition from neighbours,” he told the New Straits Times.
https://www.nst.com.my/news/2017/01/201241/margma-misif-urge-review-emc-planned-gas-price-hike
2016-12-28 17:03 | Report Abuse
Good to hear that. Thanks for ur info, @goldentriangle.
2016-12-27 15:21 | Report Abuse
Wahaha... Year end stock clearance!!! Cheap sales!!!
2016-12-23 12:13 | Report Abuse
It might go back to 1.55, just for top-up that time.
2016-12-23 11:48 | Report Abuse
I believe u all buy below the RM1.50 right? If so just keep it & wait for the show.
2016-12-15 15:32 | Report Abuse
No crash r... Karex just giving me condom voucher this morning. ^O^
2016-12-11 00:38 | Report Abuse
Buddy, It won't b drop until 2.10 to 2.20 but it will moving within 2.35-2.50 until next year Feb so recently u still can earn a bit by following the wave moving.
2016-12-07 21:06 | Report Abuse
EY Entrepreneur Of The Year 2016 Malaysia: Karex creating value for humanity
http://www.theedgemarkets.com/my/article/ey-entrepreneur-year-2016-malaysia-karex-creating-value-humanity
2016-12-07 17:29 | Report Abuse
2moro got another magic show again? ^O^
2016-12-07 10:15 | Report Abuse
@Jenn00, have to try ur luck. Anyway, Wa"BUY"di yesterday.
2016-12-07 10:12 | Report Abuse
Yar, @ThunderCool. Mr. Goh giving us duit angpao earlier. ^O^
2016-12-07 00:22 | Report Abuse
I don't know which stupid come out this brilliant idea and end up the whole Glove market goin down again.
2016-12-07 00:16 | Report Abuse
Shocked by BNM's ringgit conversion move, rubber exporters appeal for "rescindment"
Read More : http://www.nst.com.my/news/2016/12/194991/shocked-bnms-ringgit-conversion-move-rubber-exporters-appeal-rescindment
2016-12-07 00:15 | Report Abuse
Shocked by BNM's ringgit conversion move, rubber exporters appeal for "RESCINDMENT"
Read More : http://www.nst.com.my/news/2016/12/194991/shocked-bnms-ringgit-conversion-move-rubber-exporters-appeal-rescindment
2016-12-05 22:28 | Report Abuse
Yup, the graph seen like is uptrend but low vol. T_T
2016-12-05 09:59 | Report Abuse
[2016-1205] Karex expects to rise again
PETALING JAYA: Despite a drop in its financial performance in the latest quarter, Karex Bhd is quietly confident that it will pick up again in the year ahead.
“There was a delay in the delivery of some of our products. The reason was because there were quite a lot of stocks that were ready to go. It was registered but was unable to be shipped out to the tender market,” a Karex investor relations (IR) personnel told StarBiz.
“This delay, which is only by a few days, is estimated to be at RM13mil which will eventually be recognised. The tender market can be a bit lumpy to our earnings, as it is sold on a large batch basis,” he said.
http://www.thestar.com.my/business/business-news/2016/12/05/karex-expects-to-rise-again/
2016-12-01 09:56 | Report Abuse
Is anyone here SELL 1,240,000 units at 2.41 [9:53-54am]? ^O^
2016-12-01 09:16 | Report Abuse
Is anyone here BUY 500,000 units at 2.41 [9:14am]?
2016-11-30 17:00 | Report Abuse
Come come... market close d. Guess 2moro Karex up or down? ^O^
2016-11-30 10:36 | Report Abuse
Yup, bocor d but just wanted to make sure whether got leak inside boh? ^O^
2016-11-30 10:19 | Report Abuse
Good but don't sekali top-up all ur bullet, still a long way to go.
2016-11-29 23:56 | Report Abuse
@lazycat, condom is just a protection but u also don't harap it can't pecah when ur rpm go like F1, ok? ^O^
2016-11-29 23:52 | Report Abuse
Lower profit doesn't means bad things is becoz 2 new acquire companies in the same quarter 3 so it may caused higher operating & other expenses. If Ah Goh still planning to buy Ansell in this year then I think we better run 1st.
2016-11-29 23:45 | Report Abuse
Ehh... I don't think the CEO will let it drop too much. Most of the fast developing/growing company needs more investment ($$$) from investor rather than loan from bank so pushing the price up maybe is the best way to attract investor to keep or invest more into the company.
Btw, Karex sekali acquire 2 companies in one year, it surely hard to digest sometimes.
2016-11-29 23:27 | Report Abuse
[2016-0706] Karex Berhad has acquired one of the largest independent condom manufacturing companies in the UK, Pasante Healthcare Limited for £6 million.
http://www.prnewswire.co.uk/news-releases/pasante-healthcare-ltd-acquired-by-karex-berhad-the-worlds-largest-condom-manufacturer-585666571.html
2016-11-29 23:20 | Report Abuse
[2016-0831] Karex buys US Line One assets for RM32 million
Karex Bhd’s wholly owned subsidiary Karex International Sdn Bhd (KISB) is buying Line One Laboratories, Inc. (USA)’s trademarks and intellectual property rights, which will enable Karex to increase its market share in the US, for US$8 million (RM32 million) cash.
http://www.thesundaily.my/news/1955014
2016-11-29 23:14 | Report Abuse
@Obsidian, FYI.
Karex Bhd reported a 63.5% fall in net profit to RM8.14 million or 81 sen a share for the first quarter ended Sept 30, 2016 (1QFY17), from RM22.28 million or RM2.22 a year ago, due to LOWER FOREIGN EXCHANGE GAIN.
The LOWER PROFIT was also attributed to HIGHER OPERATING, ADMINISTRATION & ONE-OFF CORPORATE EXRCISE EXPENSES WITH THE CONSOLIDATION OF NEWLY ACQUIRED PASANTE HEALTHCARE LTD.
Revenue rose 5.2% to RM80.04 million from RM76.09 million largely due to the consolidation of sales from Pasante.
http://www.theedgemarkets.com/my/article/karex-1q-net-profit-drops-635-rm814m-lower-forex-gain-higher-expenses
2016-11-29 18:11 | Report Abuse
@char1234, I have no idea what's going on of AAX. If based on the history movement, it will pulling down further for few days. After today analysis, it MIGHT be hit 0.32 soon. FXXK!!!
Today Buy & Sell total volume:-
0.375: 288k++
0.370: 7.9millions++
0.365: 21millions++
0.360: 13.7millions++
0.355: 14.5millions++
2016-11-29 17:05 | Report Abuse
@repusez, some of the free gift is old stock? ^O^
2016-11-29 09:35 | Report Abuse
Airasia & AAX going to Holland!!! ^O^
2016-11-29 00:02 | Report Abuse
@iwanttosuccess, expect is 0.365 wil b the lowest then it might hav a rebound.
2016-11-28 19:29 | Report Abuse
Yup, graph showing it will rebound in this few days.
Stock: [KAREX]: KAREX BERHAD
2017-01-03 22:49 | Report Abuse
Yup, monitor 1st & top-up slowly.
Btw, just for sharing: https://www.endole.co.uk/company/04409735/pasante-healthcare-limited