Happy new year

happy new year

happy new year

happy new year

Happy new year

The loss due to not consolidated the financial performance of its subsidiary acquisition that completed in Sept 23 as result in impracticability of an accounting cut-off only.

Karex reported a solid 1QFY14 net profit of MYR10.1m that beat our and consensus expectations, making up 25.9% of both full-year forecasts. The robust results were credited to its increased sales volume and improved production efficiency. That said, we maintain our BUY call on the stock, with our FV bumped up to MYR3.51, based on a higher 20.0x FY15 P/E.
•Marginally ahead. Karex’s 1QFY14 results came in ahead of our and consensus expectations, reaching 25.9% of both FY14 estimates respectively. The company posted revenue of MYR65.4m, up 18.7% y-oy. This was contributed by a higher sales volume on the back of higher production capacity. Correspondingly, its net profit surged 84.1% y-o-y, as further automation of its production lines enhanced production efficiency.
•1-for-2 bonus issue. Karex also announced plans to undertake a bonus issue of up to 135.0m bonus shares on the basis of 1 new bonus share for every 2 existing shares in the company. The bonus issue, which will be fully capitalised from its share premium, will enlarge its share base to 405.0m from 270.0m currently. We believe that this exercise will improve trading liquidity. Based on its last closing price of MYR3.17, the theoretical share price will be adjusted to MYR2.11 , while our ex-bonus FV would be reduced to MYR2.34.
•Risks. The key risks include: 1) volatility in raw material prices, and 11) foreign currency fluctuations.
•Maintain BUY. We maintain our BUY call on the stock and bump up our FV to MYR3.51, based on a higher 20.0x target P/E on FY15 earnings, in line with our target valuation of 20.0x for Hartalega. In our opinion, Karex deserves to trade at a premium for its scarcity value, leadership in the condom manufacturing industry, backed by its increasing capacity, and stronger-than-expected institutional interest and participation.

oh I see, Thanks.

Any news

will up

oh I see, then wait loh and accumulate at lower price ;)

pull back fast ah

Did the move by the director sons give any effect to the price?

Where are oil ady???

Agreed hahahahahaha

soon will up more ;)

yes, good

go go go go up

Yes, good start

Finally close at 1.00, tomorrow will up to 1.20;)

poweeeeer

sure can ;)

happy 4 pm ....hahahaha

eps so good ah

come up up up

that good, good counter and good company

go go go go up

ya sure

good

Just collect it,

kah yong tan, come we collect together .....hahahaha

ya I think will have good new about the PN17 also sure will up to RM1.50

anyone got news to share

ya patience will up one

ya will up to RM2.40 one

papa, no need to worries will up to RM1.50 one

superman125, thanks for your infor. Then now still can accumulate ......hahahaha

ya, go go go hopefully can up to RM1.50

Agreed too

ya, go go go

wah so much profit, then better accumulate more

what you mean too fast to hight

when the news will out

any new why shoot up suddenly

Ya agreed, good and useful article

UEMS TP3.88 ??? I not understand how their value it to have such high TP. This company major shareholder is who and only bases on Nusajaya have such high tp. I think it only 2.50 to 2.80 only lah.

Tiago GT what source you use to make up the tp 3.88 are you dreaming, its too early in the morning. have a good rest.

Max8 agreed with you gravity too strong hahahaha

Peter89, you first time play share kah, every thing up must come down especially the goring counter. please be mature lah.

Paklong, go to sona tak takut kena sona kah