前景：
过去几个月的不景气会造成长期产业的整合。预计投标市场的价钱会在中期提高。新的创新（包括超薄安全套）预计会有更高的售价。自己品牌的市场会因为新产品（如MyOne）的推出和新市场的加入而扩大。

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James Ng

Net profit for this quarter dropped to RM3m, compared last year RM10m, YoY-68%. 1HFY2018 profit after tax was only RM7.5m. Quarterly, cost of goods sold RM81m, higher than last year RM65m, YoY+25%. Distribution expenses increased to RM14m, higher than last year RM9m, YoY+48%. Administrative expenses increased to RM11m, higher than last year RM10m, Yoy+12%. Profit after tax margin was 3%, lower than last year 11%, YoY-73%.

Profit was lower due to lower tender prices and rising production costs. An appreciation of RM against USD resulted a higher net foreign exchange loss of RM0.8m as compared to net gain of RM1.9m last year. According to 2017 annual report, their OBM segment continued to break new grounds with a record 14% of their revenue being derived from their brands.

Prospects:
The challenging climate experienced over the last few months will result in industry consolidation in the long run. Pricing in the tender market may recover in the medium term. New innovations including the ultrathin condoms is expected to contribute positively in the form of higher selling prices. Their branded segment is expected to expand via new product launches (eg. MyOne) as well as new market entries.

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James Ng