KAREX BERHAD

KLSE (MYR): KAREX (5247)

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Last Price

0.89

Today's Change

-0.015 (1.66%)

Day's Change

0.885 - 0.90

Trading Volume

313,900


32 people like this.

11,896 comment(s). Last comment by fruitcake 5 days ago

Burdoc

477 posts

Posted by Burdoc > 2021-05-30 09:29 | Report Abuse

Anyone know why making losses i latest qr? Still good future?

Diving

14 posts

Posted by Diving > 2021-06-10 10:32 | Report Abuse

Is karex glove factory at Thailand on track? Glove production to be started in July 2021? Any news?

yumchar

55 posts

Posted by yumchar > 2021-06-18 13:14 | Report Abuse

Karex is facing a temporary erectile dysfunction due to the stress created by this pandemic. Karex will “re-erect” due to the pent-up demand especially in the sex tourism industry once herd immunity is achieved. Can't see condoms consumption back to the pre-pandemic level anytime soon but the catheters and the new glove business are literally working hand-in-glove to bring in the profits in time to come. The management appears a bit laid-back, so don't expect anything explosive.

Posted by steadylahbro > 2021-07-03 01:00 | Report Abuse

Lain holdings semua green2 but this Karex... disappointing performance and no clear updates from management whatsoever

Like wot... build 2 glove lines wanna take 1 whole year ka?

MoneyShow3

538 posts

Posted by MoneyShow3 > 2021-07-06 01:03 | Report Abuse

Glove ASP down and seems like there could be impact to karex. Low of the year not tested, perhaps 40sen..did they borrow for the glove investment?

Posted by steadylahbro > 2021-07-07 08:56 | Report Abuse

I dont think so, I remember Karex used internal funds for their glove venture

The thing is they spent 40 mil just for 2 lines as they dont have the economies of scale soo ye the quick decline in ASP is smtg to look out for perhaps

Posted by steadylahbro > 2021-07-08 00:32 | Report Abuse

Regarding my comment above:

"At the initial stage, Karex intends to set up two production lines within 12 months from the date of this announcement that is estimated to have a yearly production capacity of up to 500 million gloves (Phase 1) with the remaining production lines to be gradually set up over the course of the next 48 months.

For Phase 1, Karex will require a total estimated capital expenditure of RM40 million which will be funded through a combination of internally generated funds and/or bank borrowings."

https://www.malaymail.com/news/money/2020/08/24/karex-to-manufacture-up-to-2.5b-medical-gloves-in-hatyai-thailand/1896722

dompeilee

11,888 posts

Posted by dompeilee > 2021-07-09 08:05 | Report Abuse

Wah...in the 40s already ah? Waterfall on the chart somemore! lol

tctctc

43 posts

Posted by tctctc > 2021-07-13 16:52 | Report Abuse

all the glove counter likely to be a value trap

secondly, ask yourself
1. how long you never buy condom
2. are you going to buy a box after covid

drken91

339 posts

Posted by drken91 > 2021-07-13 16:54 | Report Abuse

oxygen supply shortage will be the next theme

drken91

339 posts

Posted by drken91 > 2021-07-16 09:41 | Report Abuse

jio here dy, oxygen supply shortage is indeed the next theme

monitor BIG, potential LU today

10KaDay

91 posts

Posted by 10KaDay > 2021-08-02 16:33 | Report Abuse

lousy company. every day down. useless owner

Posted by xiaoGinna6969 > 2021-08-09 14:54 | Report Abuse

Hmmm is this business undervalued?

Posted by xiaoGinna6969 > 2021-08-09 14:54 | Report Abuse

@tctctc tak da bini cam mana nak guna kondom?

stevenckheng

1,351 posts

Posted by stevenckheng > 2021-08-24 14:13 | Report Abuse

people buying condom from taobao china

jamestecs

192 posts

Posted by jamestecs > 2021-08-27 10:50 | Report Abuse

Taobao china condom made in Malaysia.

shawn88

238 posts

Posted by shawn88 > 2021-09-01 12:06 | Report Abuse

qr not yet?

Posted by steadylahbro > 2021-09-01 17:04 | Report Abuse

Seems like not yet, I tink maybe within this week by Friday

dompeilee

11,888 posts

Posted by dompeilee > 2021-09-02 15:14 | Report Abuse

Posted by dompeilee > Aug 4, 2020 11:35 AM

SOLD 72% of the Karex that I doggedly averaged down from my first purchase @ 1.24 all the way down to the low 0.40s, from 74c all the way up to 80c this morning.

My average cost + commission is just over 73c =)

Bought back Karex @ 47-47.5c today...recommended 2 clients for the last 2 weeks.

pushparaj

208 posts

Posted by pushparaj > 2021-09-02 19:01 | Report Abuse

Hopefully with good profit and dividend declaration.

dompeilee

11,888 posts

Posted by dompeilee > 2021-09-03 15:11 | Report Abuse

Karex MOOOOoooving =)

pushparaj

208 posts

Posted by pushparaj > 2021-09-04 19:41 | Report Abuse

Momentum is good, the past 2 days. Resistance support at 55cent expected

JohnFook

569 posts

Posted by JohnFook > 2021-09-05 16:25 | Report Abuse

Condom taking over glove....flyyyyyyyy

Diving

14 posts

Posted by Diving > 2021-09-10 11:37 | Report Abuse

Why karex qr not out yet? Thought should out in Aug?

Posted by Killsthebear > 2021-09-21 14:56 | Report Abuse

too busy shiok sendiri until forgot QR?

The_JQuestion

1,699 posts

Posted by The_JQuestion > 2021-09-30 09:39 | Report Abuse

how come lose money MCO no condom sales ah

DawscpJ

280 posts

Posted by DawscpJ > 2021-10-07 12:24 | Report Abuse

why karex so cham ???

Thomask

40 posts

Posted by Thomask > 2021-10-10 18:17 | Report Abuse

Hoseh Liao, now can cross states, everyone go travel, stay at hotel, do thing they love, domdom sale up

shpg22

2,984 posts

Posted by shpg22 > 2021-10-28 17:43 | Report Abuse

All practice bukkake d. Nobody wear condom nowaday.

CHHu

100 posts

Posted by CHHu > 2021-11-02 14:15 | Report Abuse

No volume...

unomi12

342 posts

Posted by unomi12 > 2021-11-15 12:02 | Report Abuse

all glove share moving except karex. If not mistaken Karex also produce nitrile gloves.

CHHu

100 posts

Posted by CHHu > 2021-11-30 05:15 | Report Abuse

Karex will roll out new material condom soon. Perhaps will be Nitrile condom? Also expect glove revenue contribution as early as March 2022.

JohnFook

569 posts

Posted by JohnFook > 2021-12-06 21:11 |

Post removed.Why?

JohnFook

569 posts

Posted by JohnFook > 2021-12-06 21:12 |

Post removed.Why?

CHHu

100 posts

Posted by CHHu > 2021-12-07 16:09 | Report Abuse

HLIB also ceased coverage....haiya

JohnFook

569 posts

Posted by JohnFook > 2021-12-07 18:43 |

Post removed.Why?

Posted by Virgin_Share > 2021-12-08 11:01 | Report Abuse

John, you look so dumb commenting about MCO lmao, when over 90% of Karex revenue isn't contributed from Malaysian market

JohnFook

569 posts

Posted by JohnFook > 2021-12-09 13:53 |

Post removed.Why?

Posted by tapestry > 2021-12-10 10:33 | Report Abuse

MRPMA Coffee Break Session with CEO of Karex Berhad: https://www.facebook.com/MYMRPMA/photos/a.123155413262970/233997495512094

newbie8080

2,769 posts

Posted by newbie8080 > 2021-12-10 10:41 | Report Abuse

When world largest glove maker Topglove started producing condoms, Karex don't stand a chance in terms of capability to scale and operating margins.

TreeTopView

1,352 posts

Posted by TreeTopView > 2022-01-16 09:03 | Report Abuse

Let's see if this forecasted upswing in demand in 2022 translates to higher revenues and profit over the next two or three quarters.

All the Covid related hurdles such as supply chain restraints and increased shipping costs have been very detrimental to their business model. If they have been able to rectify some of those issues and are also expecting an upswing in demand then there might be some hope for the company to improve its balance sheet throughout the year.

https://www.theedgemarkets.com/article/top-condom-maker-karex-sees-2022-demand-topping-prepandemic-levels

Fujisnow

70 posts

Posted by Fujisnow > 2022-02-21 20:31 | Report Abuse

coming QR will be good? con man.

Posted by MaluNegaraKu > 2022-03-04 09:08 | Report Abuse

So many die due to covid - less human to use condom

Posted by MaluNegaraKu > 2022-03-23 12:25 | Report Abuse

When covid , all MCO , GRO also no job, no money buy condom

shawn88

238 posts

Posted by shawn88 > 2022-04-14 17:16 | Report Abuse

康乐 最糟糕情况没过

Posted by wallstreetrookie > 2022-05-05 22:39 | Report Abuse

Roe v Wade court decision. US will ban abortion and thus need more condom imports from Malaysia. Obviously this is a bull case for this company since it is one of the biggest producers and has no ESG issues. Overweight on Karex

Posted by wallstreetrookie > 2022-05-06 21:26 | Report Abuse

Seriously, if Roe v Wade goes through in the US Supreme Court, condom demand will skyrocket. No Malaysian investor has discovered this yet. Good opportunity for speculation

Posted by wallstreetrookie > 2022-05-06 21:30 | Report Abuse

No analyst will cover this type of news haha. Because in such a secular country, cannot talk about abortion haha

Posted by wallstreetrookie > 2022-05-07 20:36 | Report Abuse

Karex is literally the biggest condom producer in the world. Condom sales projected to explode 10x if the court case Roe v Wade is overturned by SCOTUS

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