[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]

截至2019年3月31日（3QFY2019）的第三季度，收入与去年上一季度相比下降了11.8％。这主要是由于性健康部门的销量下降，在投标市场环境低迷后下降了11.9％。结果，整体盈利受到压力。

在所审查的九个月期间（9MFY2019），由于性健康部门的贡献较低，收入较去年同期减少7.6％至2.908亿令吉。经营业绩和盈利能力值也相应降低。

QoQ：
与上一季度相比，3QFY2019的收入下降25.0％至8,510万令吉。特别是性健康部门贡献的销售额减少25.9％至7,740万令吉，主要是由于节日期间的招标销售量较低。虽然管理和分销费用与上一季度相比有所下降，但经营活动的结果和盈利能力值受到整体销售量下降的负面影响。

前景：
该集团仍对最近几个月持续存在的经济环境动荡保持警惕。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 Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.56 (dividend RM0.015) in 11 months 3 days, total return is 120.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.46 in 6 months 29 days, total return is 82.5%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.34 (dividend RM0.04) in 1 year 14 days, total return is 73.6%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.65 (dividend RM0.1875) in 9 months 1 day, total return is 50.1%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.835 in 5 months 25 days, total return is 45.2%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.49 in 1 month 15 days, total return is 43.3%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.31 (dividend RM0.008) in 6 months 22 days, total return is 36.6%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.62 (dividend RM0.035) in 7 months 27 days, total return is 30.3%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.81 (dividends RM0.063) in 9 months 8 days, total return is 17.8%

j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.04) in 9 months 15 days, total return is 16.1%

k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 6 months 15 days, total return is 15.3%

l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.17 in 5 months 25 days, total return is 12.5%

m) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.44 in 4 months 28 days, total return is 10%

n) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.63 (dividend RM0.05) in 3 months 21 days, total return is 8.4%

o) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.18 (dividends RM0.084) in 11 months 16 days, total return is 7.7%

p) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM1.77 (dividend RM0.01) in 1 months 13 days, total return is 6.6%

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

1)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

7月28日星期日：Silka Johor Bahru Hotel, Johor Bahru

8月10日星期六：AG Hotel Penang, George Town

9月7日星期六：Hotel Sri Petaling, KL

2)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

7月27日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月11日星期日：AG Hotel Penang, George Town 4份点心

9月8日星期日：Hotel Sri Petaling, KL 3份点心

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

7月26日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月9日星期五：AG Hotel Penang, George Town 4份点心

9月6日星期五：Hotel Sri Petaling, KL 3份点心

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

为了方便大家查询我写过的公司和选股文章以及视频，制作了索引。大家只要依照日期，就能从这 
https://web.facebook.com/jamesshareinvest/posts/2320845318182209 找到公司和选股文章以及视频。

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

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram，获取最新的资讯： https://www.instagram.com/p/Bz9X33bHex1

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
-----------------
[KAREX BHD: Erratic condom purchasing patterns have presented a challenging climate to condom manufacturers around the world]

For the third quarter ended 31 March 2019 (3QFY2019), revenue decreased by 11.8% in comparison to the quarter in the preceding year. This was primarily due to the lower sales volume recorded from the Sexual Wellness segment, which fell by 11.9% following the sluggish tender market environment. As a result, overall profitability was pressured.

For the nine months period under review (9MFY2019), revenue decreased by 7.6% to RM290.8 million in comparison to the equivalent period in the preceeding year due to lower contributions from the Sexual Wellness segment. Results from operations, and profitability values were also correspondingly lower.

QoQ:
Compared to the previous quarter, revenue recorded in 3QFY2019 declined by 25.0% to RM85.1 million. Sales contributed by the Sexual Wellness segment in particular, reduced by 25.9% to RM77.4 million mainly due to the lower tender sales volume being delivered during the festive season. Although administration and distribution expenses reduced in comparison to the previous quarter, result from operating activities, and profitability values were negatively impacted by the lower overall sales volume.

Prospects:
The Group remains wary of turbulence in the economic environment that has persisted in recent months. Erratic condom purchasing patterns have presented a challenging climate to condom manufacturers around the world.
--------------------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.56 (dividend RM0.015) in 11 months 3 days, total return is 120.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.46 in 6 months 29 days, total return is 82.5%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.34 (dividend RM0.04) in 1 year 14 days, total return is 73.6%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.65 (dividend RM0.1875) in 9 months 1 day, total return is 50.1%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.835 in 5 months 25 days, total return is 45.2%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.49 in 1 month 15 days, total return is 43.3%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.31 (dividend RM0.008) in 6 months 22 days, total return is 36.6%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.62 (dividend RM0.035) in 7 months 27 days, total return is 30.3%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.81 (dividends RM0.063) in 9 months 8 days, total return is 17.8%

j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.04) in 9 months 15 days, total return is 16.1%

k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 6 months 15 days, total return is 15.3%

l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.17 in 5 months 25 days, total return is 12.5%

m) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.44 in 4 months 28 days, total return is 10%

n) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.63 (dividend RM0.05) in 3 months 21 days, total return is 8.4%

o) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.18 (dividends RM0.084) in 11 months 16 days, total return is 7.7%

p) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM1.77 (dividend RM0.01) in 1 months 13 days, total return is 6.6%

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://web.facebook.com/jamesshareinvest/posts/2320845318182209 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

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng