KLSE: KAREX (5247)       KAREX BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.455   +0.01 (2.25%)  0.445 - 0.455  418,800
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Market Cap: 456 Million
NOSH: 1,002 Million
Avg Volume (4 weeks):2,263,447
4 Weeks Range:0.44 - 0.49
4 Weeks Price Volatility (%):
52 Weeks Range:0.375 - 0.665
52 Weeks Price Volatility (%):
Average Price Target: 0.33
Price Target Upside/Downside: -0.125
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#4]  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  26-Nov-2019
T4Q P/E | EY: 180.06  |  0.56%
T4Q DY | Payout %: 1.10%  |  197.86%
T4Q NAPS | P/NAPS: 0.49  |  0.93
T4Q NP Margin | ROE: 0.80%  |  0.52%


Date Subject
17-Oct-2019 Technical Buy - KAREX (5247)
03-Oct-2019 Rubber Gloves - Forced-labour Charge May Provide Opportunity
29-Aug-2019 Karex - Social Justice Costs Hurts Profitability
29-Aug-2019 Karex - Sales Affected by Allegations of Misconduct
16-Jul-2019 [转贴] [KAREX BHD:不稳定的避孕套购买模式给全世界的避孕套制造商带来了挑战] - James的股票投资James Share Investing
16-Jul-2019 Daily Technical Highlights – (PENTA, KAREX)
20-Jun-2019 Technical View - Karex Bhd (KAREX, 5247)
18-Jun-2019 Daily Market Update - 18 Jun 2019 (IGBREIT, KAREX)
18-Jun-2019 Trading Stocks - Karex
18-Jun-2019 Daily Technical Highlights – (FRONTKN, KAREX)
31-May-2019 M+ Online Technical Focus - 31 May 2019
31-May-2019 Karex - Business Interruptus
31-May-2019 Karex - Business Interruptus
31-May-2019 Karex - Lowering Our Expectations Again
31-May-2019 Daily Market Update - 31 May 2019 (WCT, KAREX)
02-May-2019 Stocks on Radar - Karex (5247)
02-May-2019 Daily Technical Highlights – (GCB, KAREX)
17-Apr-2019 Trading Stocks - Karex
17-Apr-2019 [转贴] [Facebook live:浅谈Karex bhd (Karex)] - James的股票投资James Share Investing
16-Apr-2019 Evening Market Summary - 16 Apr 2019

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.
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  29 people like this.
magus intelligent comment from cupcakes 69, bravo!
18/09/2019 7:47 PM
egold777 I sold all yesterday.Lost around 7K.Bye...every1!
19/09/2019 4:07 PM
SWT1988 M still waiting for it to drop below 0.40 before considering to buy or not for this no future company
20/09/2019 9:35 AM
goreng_kaki now a day y generation tak guna condom anymore,
samua pancut luar badan~~~
20/09/2019 10:47 AM
Tryingtogetrich Karex is the BIGGEST condom producer in the WORLD...not a jaguh kampung........ name me another company that is on the same league .......... they have the economic of scale....their OBM condom is gaining traction...they r suffering now.... can u imagine other condom manufacturer...? Die straight straight .. buy when others r fearful.
20/09/2019 8:28 PM
Cupcakes69 @Tryingtogetrich

I'm definitely bullish on Karex, although I think it's important to take note that the increase in their OBM sales from 7% to 15% is pro forma gain as a result of their recent strings of acquisitions, and not from organic growth. Whether they will be able to effectively deploy their newly acquired brands for some decent cash flow is yet to be seen, although I am a bit optimistic, just not too much. But yes, their position as the biggest condom manufacturer does deserve some merit (1) as a reflection of management ability (2) as you've said, gaining economics of scale. Also at this price, even if they failed, from my estimates, its still pretty safe (in other words, its fairly cheap even if they failed, its damn cheap if they succeed).

Although I am a bit concern of Karex ability to remain liquid in case of a recession. Condom demands will still exist, and from the sources I've read,it might actually increase. It's just that, credit might be tight, and they might have trouble managing working capital. But that's the risk you have to take for growth. And hopefully, management will take proactive measure to grow their cash reserve while their OBM segment gets to a profitable scale, even if it may be unpopular (e.g. no dividends)

One thing I like about Karex is that its declining earning is mostly self-inflicted. They could just stop expanding their OBM segment and focus on the OEM, tender, etc segment. But is that really in our best interest as shareholders, don't we want growth! Do we really want them to keep selling condoms at RM0.10 per piece to Durex,while they resell it for RM2 per piece . How is that not theft!! They made more than RM200 mil from their IPO, what better way to take advantage of their market position than build their brand. If they don't, some condom company in Thailand surely will. They're acting fast, thats good. But lets just hope they're careful too.
20/09/2019 10:20 PM
Poey886688 Something is going wrong.
27/09/2019 5:23 PM
SWT1988 Thought it will go down below 0.40 this month but still very stubborn.
29/09/2019 3:03 PM
Poey886688 It's not stubborn , got strong support.
29/09/2019 4:52 PM
pat_lsa i am out too... this counter is the only worst counter i ever bought... good luck all...
30/09/2019 10:02 AM
Yu_and_Mee once drop below 0.375, then will go below 0.250
01/10/2019 1:48 PM
Yu_and_Mee November QR will get worst than August QR. Trust me.
01/10/2019 1:49 PM
dompeilee Looks like Aberdeen is determined to sell down to ZERO, no matter how much they lose...
02/10/2019 3:13 PM
Milener Hi
02/10/2019 11:59 PM
BursaGolfer when economics is bad... ppl dont buy condom
03/10/2019 9:48 AM
tamura Yam Kong loh this counter.
03/10/2019 11:27 AM
7300 why no talk FA ,this n that arr until teacher also run naked cant sleep ....forget those days life,wasted monies n times
03/10/2019 9:16 PM
SWT1988 Karex so kind today. Up for people to sell?
08/10/2019 3:11 PM
Godofgambler Die d
09/10/2019 11:07 PM
Tashan Lost 56% of my total investment in this counter yet I'm happy I'm out of this quagmire of a counter.
10/10/2019 10:24 AM
carilembu Tubggu QR akan datang..
10/10/2019 4:14 PM
kieus7663 Tahu tarikh QR TAK?
10/10/2019 7:09 PM
geraldt9 If price can hold above 40 sen by this coming weekend, will buy some to keep...
12/10/2019 3:02 PM
kieus7663 this stock still can give dividend for this quarter, time to buy more!! hehehe..
12/10/2019 4:53 PM
Cupcakes69 This dividend would result in more than RM10 million in cash outflow. Not bad but not good either, I'd prefer they give a smaller 0.5 sen along with less director's remuneration. But they could handle it so I'm not alarmed.
12/10/2019 5:03 PM
Rrbustard88 Karex highest rm4.50
Now lowest 0.43
Tmr buy 100k lots, rm43000 only , ver Cheap
16/10/2019 5:48 AM
rr88 Cock glove stock. Price drop because world population is ageing therefore people fck less than they used to.
16/10/2019 5:24 PM
Bustardsharwmaker Post removed. Why?
22/10/2019 12:39 PM
Bustardsharwmaker Post removed. Why?
22/10/2019 12:42 PM
leeling my boyfriend dislike use condom
29/10/2019 3:31 PM
SWT1988 Congratulations karex managed to hold above 0.40 for so long. Hopefully big sharks have already accumulated enough bullets to push up above 0.50 again soon.
30/10/2019 1:57 PM
tan5995 SWT, 佩服你的痴等,我早溜走了,祝福你!
30/10/2019 6:46 PM
SWT1988 @tan, l have also sold all n thinking to play new round by next Monday.
31/10/2019 2:01 PM
Cupcakes69 2019 Annual Report is out! Overall,it was bad year for Karex due to reducing sales and persistently high administrative cost.

Nevertheless, their balance sheet indicates that Karex is still very liquid, with their cash and cash equivalents alone is large enough to cover more than half of their total liabilities.

OBM sales have also increased by 5.45% for 2019. Not bad considering they haven't even started selling their brand in Thailand and Singapore yet. Social compliance cost and suspended orders following reports of unethical labour practices was a drag on profits. However, this would not be a recurring cost as some clients have already continued their orders following the conclusion of their social audit.

Karex also reports that the commissioning of their dedicated latex compounding facility has enabled them (1) to produce thinner condoms more consistently. (2)reduce rejection rates in the manufacturing facilities. But whether this would provide for higher gross profit margin is yet to be seen as gross profit has actually reduced by 2.47%.

Management also stated that they will increase manufacturing capacity for their catheters to accommodate increase demands. This would provide for more sales growth in their medical segment in following years.

Going forward, I remain optimistic that their OBM segment will continue to grow. I also believe management has also done well to preserve Karex position as the biggest manufacturer in the world ,which in my opinion is imperative for them to achieve their long term goals. Thus, I'll be buying more.
31/10/2019 3:31 PM
Jerichomy If public invest write, means they are selling their shares to you, pls run before it is too late, i saw the same thing happen for uzma, once rhb write, the share price fall down like nobody business hahaha
02/11/2019 2:36 PM
dompeilee Bought some Karex @ 47c this morning.
06/11/2019 3:31 PM
Godofgambler 0.47 still not lowest yet.....
07/11/2019 12:56 AM
Ronald Tee easy to reach 0.60 this share , buy now or regret later
07/11/2019 1:11 PM
rivter karex 只是在等时机 = 一份可以让人眼前一亮的财报
07/11/2019 5:54 PM
rivter 到时就是它一飞冲天的时候 ~现在还不行~
07/11/2019 5:56 PM
Molly Ngui Collect on weakness
07/11/2019 8:39 PM
SWT1988 Thought will touch 0.50 this week but stuck at 0.475
08/11/2019 1:58 PM
Yong Meng https://menginvestlife.blogspot.com/2019/11/021-karex.html KAREX
11/11/2019 1:16 AM
tan5995 Not easy touch 0.5!
12/11/2019 3:45 PM
tan5995 What happen ? Now 0.455
13/11/2019 10:50 AM
SWT1988 Surprising backed to 0.455! Wayang started?
13/11/2019 11:42 AM
Tete7893 finally bought at 0.455
13/11/2019 3:59 PM
Jerichomy Warn u and nobody believe me
13/11/2019 11:01 PM
Jerichomy The share drop until all you pokai them u know
13/11/2019 11:02 PM
DAN84 quite steady the price. where got pokai? lol!
14/11/2019 3:43 PM


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