[KAREX BHD：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]

截至2018年6月30日止的第四季度，收入增长1.9％至9,340万令吉，与去年同期相比，主要是由于性健康和医疗部门的额外销售贡献。本季度性健康部门的销售额与去年同期相比增长了2.1％，达到8580万令吉，主要得益于商业市场销售额的增长。本季度，马来西亚令吉兑美元汇率小幅下跌，净汇兑收益为30万令吉，而去年同期净汇兑亏损为60万令吉。

在十二个月期间，收入增长了12.9％，达到4.08亿令吉，这得益于性健康部门与一年前同期相比的额外销售贡献。通过避孕套和润滑济销量增长，与去年同期相比，性健康部门在12MFY2018期间增长了14.3％至3.755亿令吉。招标和商业市场的销售额分别增长了13.7％和13.6％，这反映了亚洲和美洲地区新业务的成功开展。自有品牌销售保持了令人鼓舞的增长轨迹，符合他们最近扩大自有品牌产品市场份额的策略。

与上一季度相比，2018财年第四季度的收入保持稳定，为9,340万令吉。虽然较不利的产品组合使毛利率维持在25.3％，但本季度的税前利润，税后利润及本公司拥有人应占溢利均有所改善。

前景：
全球安全套需求预计将继续保持令人鼓舞的增长轨迹，但是，康乐仍对最近几个月持续存在的经济环境动荡持谨慎态度。他们保持乐观，因为他们的长期前景保持不变，因为他们的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。此外，他们的品牌部门在产品供应和市场覆盖方面继续发展，为未来的可持续增长提供了平台。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.885 in 2 months 12 day, total return is 23.8%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.87 in 3 months 23 day, total return is 9.4%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

【看懂年报和季报】课程
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日期：12月16日星期日
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日期：12月23日星期日
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有兴趣的朋友，可以电邮或PM FB page联络我
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James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

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最终决定永远是你的，谢谢。

James Ng
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[KAREX BHD: continues to capture orders from new markets whilst implementing additional automation into their manufacturing processes to remain cost competitive]

For the fourth quarter ended 30 June 2018 (4QFY2018), revenue grew by 1.9% to RM 93.4 million in comparison to the quarter in the preceding year primarily due to additional sales contribution from the Sexual Wellness and Medical segments. Sales contributed by Sexual Wellness segment increased by 2.1% to RM85.8 million for the current quarter as compared to the same period a year ago, mainly backed by higher sales from the commercial market. During the quarter, the Malaysian Ringgit weakened slightly against the United States Dollar, resulting in a net foreign exchange gain of RM0.3 million as compared to a net foreign exchange loss of RM0.6 million during the same period a year ago.

For the twelve months period under review (12MFY2018), revenue grew by 12.9% to RM408.0 million backed by additional sales contribution from Sexual Wellness segment as compared to the same period a year ago. The Sexual Wellness segment grew by 14.3% during the 12MFY2018 to RM375.5 million through condom and lubricating jelly sales volume growth in comparison to the corresponding period in the preceding year. Sales from the tender and commercial markets have expanded by 13.7% and 13.6% respectively, reflecting the successful capture of new business in Asia and Americas regions. Own brand sales maintained an encouraging growth trajectory in line with their recent strategies to expand the market share presence of their own brand products.

Revenue in 4QFY2018 remained stable at RM93.4 million as compared to the previous quarter. Although gross profit margins were held back at 25.3% by a less favourable product mix, profit before tax, profit after tax and profit attributable to owners of the Company were improved during the quarter.

Prospects:
Global condom demand is expected to continue to maintain an encouraging growth trajectory, however, the Group remains wary of the turbulence in the economic environment that has persisted in recent months. They remain optimistic as their long-term prospects remain intact, as their Group continues to capture orders from new markets whilst implementing additional automation into their manufacturing processes to remain cost competitive. Moreover, their branded segment has continued to develop, both in terms of product offerings and market coverage, providing a platform for sustainable growth in the future.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.885 in 2 months 12 day, total return is 23.8%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.87 in 3 months 23 day, total return is 9.4%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://klse.i3investor.com/blogs/general/179460.jsp by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

If you want to join my WhatsApp group (there will be no James Ng's stock pick inside), please PM or email me your handphone number.

Final decision is always yours, thank you.

James Ng