Posted by wallstreetrookie > 2022-11-10 16:10 | Report Abuse

Nice, I just lost RM10k in 1 hour

Posted by wallstreetrookie > 2022-11-10 16:10 | Report Abuse

Clearly someone doesn't like my comment

Posted by wallstreetrookie > 2022-11-10 16:10 | Report Abuse

RM10k paper loss. I am not kidding

Posted by wallstreetrookie > 2022-11-10 16:12 | Report Abuse

Still doesn't mean I am wrong

Posted by minher > 2022-11-10 16:15 | Report Abuse

Latest Q result still making loss. Those chase high, prepare for 50% loss.

Posted by minher > 2022-11-10 16:20 | Report Abuse

Karex price already up 50% from bottom. Punter selling when CIMB report out. Better run now before too late.

Posted by minher > 2022-11-10 16:25 | Report Abuse

Punter dump the shares, RUN !!

Posted by wallstreetrookie > 2022-11-10 16:42 | Report Abuse

Karex management literally said a few months ago that "the worst is over". If the next quarter is as bad as you claim, then that means Karex management and The Edge was lying to investors.

Posted by Vhydro > 2022-11-10 16:46 | Report Abuse

Average price 0.377
Sold half at 0..50
Waiting for price correction then reenter again

Posted by Nepo > 2022-11-10 19:56 | Report Abuse

Good arguments here.

Stay here to witness who is right who is wrong. The QR will be announced very soon.

Stay tuned.

Posted by Vhydro > 2022-11-10 22:06 | Report Abuse

Buy and sell at your own risk.
But do not fall in love in stock.

Posted by wallstreetrookie > 2022-11-11 11:59 | Report Abuse

Karex will be worth RM1 billion market cap within 6 months. You should fall in love the stock. Condom sales is flying in the US and EMEA

Posted by wallstreetrookie > 2022-11-11 11:59 | Report Abuse

Market still has not priced in the PEG for the upcoming quarter

Posted by wallstreetrookie > 2022-11-11 12:04 | Report Abuse

If Karex hits RM0.80, I can finally retire

Posted by anthonytkh > 2022-11-11 12:06 | Report Abuse

Shariah funds cannot buy Karex stocks. You won’t see any of our country’s big funds as a shareholder nor any shariah PE funds nor any shariah PLC

Posted by VTrade > 2022-11-11 12:28 | Report Abuse

Rookie just rokkie
Need to work forever
Is his interest
So kaya Raya

Posted by VTrade > 2022-11-11 12:28 | Report Abuse

95% shre is shariah applied

Posted by dompeilee > 2022-11-11 16:22 | Report Abuse

OMG!!! I FORGOT I had bought back the Karex shares I SOLD @ high prices way back in 2H 2020 last year....just checked my records...I averaged down 43k since 2021 fr 48c down to 41c! =)

Posted by wallstreetrookie > 2022-11-11 21:00 | Report Abuse

Key Catalysts for Traders and Investors:
1. US Supreme Court decision Roe v Wade to spur an uptick in condom usage (NA and EMEA region)
2. Recent fall of freight rates as well as raw material costs such as rubber and silicone oil (been a major concern due to supply chain issues since Q2 FY20). This will greatly reduce distribution expenses, manufacturing costs. Likely to contribute towards at least ~8% of their net profits in FY23
3. Consolidation of major industry players such as Reckitt Benkinser and more to contribute towards market share growth for Karex
4. High management confidence as reflected in previous briefing and earning calls. The chairman is very confident about the company outlook moving forward. Utilization rate has already improved signficantly
5. The company is actively putting CAPEX into improving production capacity for other alternative products apart from its core product. (The Edge: The planned RM40 million glove manufacturing facility was announced in August 2020, during the height of the Covid-19 pandemic. The factory is located in Hatyai, Thailand, with a planned capacity of up to 2.5 billion pieces annually.)
6. No need to raise equity or share issuance to pay debt. Cash position looks good and balance sheet remains healthy despite heavy investments.
7. Strong macroeconomic support. The healthcare sector is generally resistant against any form of economic downturn.

This will be another high conviction play like Kawan Food. No short-term trade for me, at least 6 month hold

Posted by wallstreetrookie > 2022-11-11 21:03 | Report Abuse

Profit estimate: RM1.5 million in the next quarter or next 2 quarter should be a very realistic target. Positive EPS as well.

Posted by dompeilee > 2022-11-12 09:09 | Report Abuse

As long as it's not an election pump&dump stock like SEM, I will hold on :)

Posted by dompeilee > 2022-11-14 15:20 | Report Abuse

52.5c :) My avg cost is 45.39c

Posted by dompeilee > 2022-11-14 15:47 | Report Abuse

54c :D

Posted by shawn88 > 2022-11-17 17:14 | Report Abuse

power...?

Posted by Vhydro > 2022-11-17 22:28 | Report Abuse

Took profit early this week by selling half at 57sen due to GE on coming Saturday.
Ready to reenter if drop again to 50 or below

Posted by TreeTopView > 2022-11-26 10:51 | Report Abuse

Quarterly out reporting record revenue and they managed to eek out a profit. Perhaps the tide is slowly turning with this company.
Distribution costs are still a concern (to me anyway), so if they are able to drill down in some way with those costs it will be a positive advantage to the bottom line.

Re Distribution costs, this quarter's gross profit was Rm34.2 Million and Distribution costs of Rm16 Million to be taken out of the GP.
The previous quarter the GP was Rm22.4 million with Distribution costs of Rm10.3 Million.
So in percentage terms, they haven't been able yet to put a major dent in their distribution. costs. If they are able to address this issue and revenue can be consistent then there might be a chance for this company to get some traction.

As always, Karex are light on information in their quarterlies about the commencement of their glove factory in Thailand, something they really need to sort out to keep shareholders a lot more up to date and in the loop.
I'm still assuming that it is meant to be operational in Q1 2023.

For holders I'd say this quarterly would be seen as a positive, especially when you consider the last few years during Covid. Perhaps an eventual turnaround story.

I currently don't hold any Karex shares.

Posted by wallstreetrookieNEW > 2022-11-27 19:02 | Report Abuse

Just letting you all know that my old account (wallstreetrookie) was banned by i3investor forum admin. I am not kidding. What a bunch of aholes. Now I am lazy to do research and share on forums anymore. Not worth my time and energy. No one paid me a single cent, and I still get banned on i3 forum for sharing ideas.

Posted by wallstreetrookieNEW > 2022-11-27 19:12 | Report Abuse

I cannot even comment using my wallstreetrookie account anymore. It's forever gone. Banned by admin. I don't even make money from sharing ideas and they still wanna ban me. Legend.

Posted by wallstreetrookieNEW > 2022-11-27 19:15 | Report Abuse

The i3 admin doesn't even let me celebrate the good QR posted by Karex. Heartless and cruel. This is so unfair

Posted by DickyMe > 2022-11-27 19:15 | Report Abuse

Don't cry. You haven't faced a tad bit what I got. Just move on, there is no justice in i3 and all your wallowing will fall on deaf ears or rather eyes.

Posted by wallstreetrookieNEW > 2022-11-30 16:16 | Report Abuse

Karex to 1 billion market cap

Posted by dompeilee > 2022-11-30 19:30 | Report Abuse

HOOORRRAAAAAYYYY!!! =D

Posted by miracle_trader > 2022-12-01 13:03 | Report Abuse

retailer stuck many years this counter,so now up a bit all faster sell,but will regret later. now uptrend just starting, will back above rm1

Posted by Vhydro > 2022-12-01 16:23 | Report Abuse

Will have a correction soon

Posted by miracle_trader > 2022-12-02 16:47 | Report Abuse

will have another uptrend soon

Posted by dompeilee > 2022-12-12 10:31 | Report Abuse

dompeilee

52.5c :) My avg cost is 45.39c

3 weeks ago

SOLD most of my Karex @ 69c

Posted by dompeilee > 2022-12-14 16:33 | Report Abuse

greatwall

You will soon regret it

2 days ago

Posted by musso77 > 2022-12-15 12:39 | Report Abuse

why suddenly shoot up?

Posted by wallstreetrookieNEW > 2022-12-19 10:12 | Report Abuse

This stock is definitely not done. Insiders have not cashed out. Long term winner

Posted by wallstreetrookieNEW > 2022-12-19 10:12 | Report Abuse

I would add more Karex shares if it dips below RM0.70. Add on weakness

Posted by wallstreetrookieNEW > 2022-12-19 15:22 | Report Abuse

Walter Aw is about to upgrade his price target. Haha just wait

Posted by wallstreetrookieNEW > 2022-12-19 15:22 | Report Abuse

Walter Aw, RM0.90 okay? Go go go

Posted by wallstreetrookieNEW > 2022-12-19 15:25 | Report Abuse

Key Catalysts for Traders and Investors:
1. US Supreme Court decision Roe v Wade to spur an uptick in condom usage (NA and EMEA region)
2. Recent fall of freight rates as well as raw material costs such as rubber and silicone oil (been a major concern due to supply chain issues since Q2 FY20). This will greatly reduce distribution expenses, manufacturing costs. Likely to contribute towards at least ~8% of their net profits in FY23
3. Consolidation of major industry players such as Reckitt Benkinser and more to contribute towards market share growth for Karex
4. High management confidence as reflected in previous briefing and earning calls. The chairman is very confident about the company outlook moving forward. Utilization rate has already improved signficantly
5. The company is actively putting CAPEX into improving production capacity for other alternative products apart from its core product. (The Edge: The planned RM40 million glove manufacturing facility was announced in August 2020, during the height of the Covid-19 pandemic. The factory is located in Hatyai, Thailand, with a planned capacity of up to 2.5 billion pieces annually.)
6. No need to raise equity or share issuance to pay debt. Cash position looks good and balance sheet remains healthy despite heavy investments.
7. Strong macroeconomic support. The healthcare sector is generally resistant against any form of economic downturn.

This will be another high conviction play like Kawan Food. No short-term trade for me, at least 6 month hold

Posted by wallstreetrookieNEW > 2022-12-19 15:27 | Report Abuse

Walter AW
It is time to upgrade your price target. Support

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

Walter AW will upgrade his price target. My man wants his bonus

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

CGS-CIMB will raise his bonus for next year. But he has to raise his price target

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

Come on, Walter AW. Upgrade to RM1.20

Posted by wallstreetrookieNEW > 2022-12-27 15:41 | Report Abuse

This company is worth 2x NTA

Posted by wallstreetrookieNEW > 2022-12-27 15:43 | Report Abuse

Help our brother, Walter AW get his bonus. Push

Posted by wallstreetrookieNEW > 2022-12-27 15:44 | Report Abuse

Hold steady haha