Highlights
KLSE: KAREX (5247)       KAREX BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.565   -0.055 (8.87%)  0.565 - 0.63  19,943,400
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Overview

Market Cap: 563 Million
NOSH: 997 Million
Avg Volume (4 weeks):13,838,400
4 Weeks Range:0.42 - 0.63
4 Weeks Price Volatility (%):
69.05%
52 Weeks Range:0.375 - 0.94
52 Weeks Price Volatility (%):
33.63%
Average Price Target: 0.39
Price Target Upside/Downside: -0.175
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#2]  |  25-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  31-May-2019
T4Q P/E | EY: 92.40  |  1.08%
T4Q DY | Payout %: 0.88%  |  82.20%
T4Q NAPS | P/NAPS: 0.49  |  1.15
T4Q NP Margin | ROE: 1.50%  |  1.24%

Headlines

Date Subject
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
11-Apr-2019 Trading Stocks - Karex
11-Apr-2019 Daily Technical Highlights – (KAREX, HEVEA)
11-Apr-2019 [转贴] [KAREX BHD:全球安全套需求预计将继续保持令人鼓舞的增长轨迹,康乐保持乐观,因为他们的长期前景保持不变,集团继续从新市场获取订单,同时在其制造流程中实施额外的自动化以保持成本竞争力] - James的股票投资James Share Investing
28-Mar-2019 Technical Buy - KAREX (5247)
28-Mar-2019 Stocks on Radar - Karex (5247)
18-Mar-2019 Invest Malaysia 2019 - Research Guide by Maybank IB
14-Mar-2019 Stocks on Radar - Karex (5247)
13-Mar-2019 Karex's Turnaround on Track
26-Feb-2019 Karex - Results Below Expectations
26-Feb-2019 Mplus Market Pulse - 26 Feb 2019
26-Feb-2019 Karex - A Hard Result to Swallow
21-Feb-2019 ACCUMULATION BEHAVIOR DETECT FOR KAREX BY STEVENT HEE
11-Feb-2019 Trading Stocks - Karex
09-Feb-2019 [转贴] [Facebook live:浅谈Karex bhd (Karex)] - James的股票投资James Share Investing
29-Jan-2019 康乐 外劳事件恐影响销售
26-Jan-2019 [转贴] [KAREX BHD:全球安全套需求预计将继续保持令人鼓舞的增长轨迹,继续从新市场获取订单,同时在其制造流程中实施额外的自动化以保持成本竞争力] - James的股票投资James Share Investing
25-Jan-2019 Revealed: Condom supplier to NHS and British high street accused of 'shameful' working conditions
16-Jan-2019 [转贴] 参观karex工厂 ~ 第一天

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.
Analyze this stock with MQ Trader system

  28 people like this.
 
minher I think when goreng play is over. Karex will drop to its fair price around 35-40sen. Please be caution.
17/04/2019 9:28 AM
minher Karex - Results Below Expectations

Karex reported a lackluster performance: 1HFY19 PATAMI of RM3.4m (-54.3% yoy) fell short of both our and consensus expectations, delivering only 25% and 27% of our respective full-year forecasts. The weakness was due to intensifying competition within the tender market, where margins continued to be under pressure despite the increase in sales volume. As such we are reducing our TP to RM0.35 on the back of 15-24% EPS cuts for 2019-21E, while keeping our SELL call unchanged.

Record Revenue But Not Profit
Despite delivering record revenue for the quarter, PATAMI for 2QFY19 is lower by 29% qoq and 56% yoy, due to a decline in gross profit margin. The improvement in revenue during the quarter was boosted by the fulfillment of a tender order which was delayed from 1QFY19. However, we believe there is still downside risk to margins as management reckons that the overcapacity issue would only improve if the industry consolidates. The GP margin for the tender market has fallen from c.20% to less than 15% currently.

Controlling A&P Cost to Maintain Profits
Management has also taken a more conservative approach in controlling its A&P spending in regards to its OBM segment, and has guided that the expenses would likely hover around RM22m/quarter or around 20-30% of segment revenue. Karex will not slow down its expansion into new markets but engage in different marketing approaches to increase its exposure. We believe that management would likely stick to the self-imposed cap, due to its declining net cash position as profit margins continue to deteriorate. Karex is in a net cash position of RM4.6m (2QFY18: RM20.4m).

Maintain SELL With a Lower TP of RM0.35
While the long-term outlook of Karex venturing into OBM remains attractive, we believe that the short-term outlook for Karex remains challenging due to weak demand from the tender market and also the elevated cost from the OBM segment. We are cutting our FY19-21E earnings by 15-24% to factor in the current-quarter performance and lower our DCF-based TP to RM0.40 from RM0.35, while maintaining our SELL call unchanged.

Source: Affin Hwang Research - 26 Feb 2019
17/04/2019 9:34 AM
Snapbuy I bought at 60sen yesterday. Should i cut loss now or hold ? Any advice here ?
17/04/2019 9:37 AM
Gary_hon Run
17/04/2019 10:00 AM
SWT1988 Malaysia stock market not so good today. Maybe because of the bond story. Even hot iwcity keep dropping
17/04/2019 10:01 AM
SWT1988 Let c karex be able to support at 0.55 before lunch or not.
17/04/2019 10:03 AM
James Ng https://klse.i3investor.com/blogs/general/202693.jsp
[转贴] [Facebook live:浅谈Karex bhd (Karex)] - James的股票投资James Share Investing
17/04/2019 10:10 AM
smarty86 The support level shows at 0.55, if it's broken, its likely will go down further.
17/04/2019 10:10 AM
John Lu Top Glove take over news so hot. TP RM1 above
17/04/2019 11:11 AM
tan5995 coming ? 0.585
17/04/2019 11:57 AM
John Lu Today close above 65c please
17/04/2019 11:58 AM
cmtfly Minher, thanks for the info
17/04/2019 12:06 PM
Melady Then break 63
17/04/2019 12:27 PM
Lee Yong Hour Any good news from topglove?
17/04/2019 12:58 PM
turbochart ALL IN !!! @ 0.5t t=tell you tomoro...kkk...
17/04/2019 1:16 PM
Lee Yong Hour hahaha
17/04/2019 1:33 PM
turbochart 0.58!! Not bad haha!!
17/04/2019 7:37 PM
birkincollector so after climax two days ago...now gone back to sleep? lol
18/04/2019 8:15 AM
i38888 Slow and steady
18/04/2019 10:08 AM
turbochart wait wait wait...!!!
18/04/2019 12:27 PM
birkincollector Hmm..capped at 0.58
18/04/2019 3:05 PM
turbochart 0.6!! Paper Gain 9k!!
18/04/2019 4:07 PM
member41 61 again... music starting?
18/04/2019 4:10 PM
turbochart 0.61!! Heng Ong huat!!
18/04/2019 4:10 PM
smarty86 price piking up
18/04/2019 4:10 PM
turbochart Malu apa Bossku!!!
18/04/2019 4:14 PM
i38888 Nice
18/04/2019 4:19 PM
nich0las What news? Goh Siang get kick from Company ya? haha
18/04/2019 4:29 PM
SWT1988 Closing 6.20. Over bought??
18/04/2019 4:56 PM
Ho Sook Ching So tomorrow should up again
18/04/2019 5:02 PM
rivter tomorrow q at 0.61 0.60 0.59 200lot sure can get some $$$
18/04/2019 5:17 PM
birkincollector Sold hope not suddenly announce good news lol
18/04/2019 5:30 PM
John Lu Bentong Chan sifu aleady told u all PE fund eyeing controlling stake at 80c to rm1
18/04/2019 9:26 PM
John Lu Power... 70c soon
19/04/2019 9:39 AM
SWT1988 Going down below 0.60 today??
19/04/2019 12:45 PM
Lee Yong Hour Keep buying
19/04/2019 12:53 PM
Investsucess Price rose too fast ,0.43-0.62 correction
19/04/2019 3:02 PM
John Lu I add alot
19/04/2019 3:24 PM
shpg22 Fundamental remained weak. Recent price movement by speculative call. Fair price remained unchanged at 0.385.
19/04/2019 3:28 PM
SWT1988 Big sharks abandon the ship after making more than 60% from 0.375 low.?? Hopefully will not break 0.55 strong support during this correction
19/04/2019 3:47 PM
Lee Yong Hour Do not scare.
19/04/2019 3:58 PM
19/04/2019 4:08 PM
HoselGoh Go go go. Potential rebound later.
19/04/2019 4:14 PM
tan5995 No hope, change counter IWCITY
19/04/2019 5:54 PM
Investsucess Better change to econpile or ekovest, safest stock monday will fly
19/04/2019 6:32 PM
Godofgambler Yes... Change to Econpile or Ptrans
19/04/2019 6:51 PM
Ho Sook Ching I already change to iwcity
19/04/2019 7:30 PM
turbochart Hope next election faster come. I want Bossku become our PM again!!!
20/04/2019 2:12 PM
TATOWER over sold likely to rebound strongly !
20/04/2019 10:56 PM
Zenithopia Right
21/04/2019 9:33 AM


 

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