This stock looks undervalue to me therefore worth investing into for mid term. Don't expect immediate gains but the next QR should be good as their own brand is getting more attention and they are expecting more tender bids for their OEM products. Currently the share price dropped a lot because of change of business direction and increased costs to market their own brands. This QR should see improvements as the US is stronger against the MYR and Karex's One brand is retailing in the US market. It is still one of the world's largest condom makers and in terms of market, it is still growing as this is still the most used form of contraceptives. The product itself is disposable, just like gloves so the demand is always as it is not affected by economical changes.
Stock: [KAREX]: KAREX BERHAD
2018-08-20 18:53 | Report Abuse
This stock looks undervalue to me therefore worth investing into for mid term. Don't expect immediate gains but the next QR should be good as their own brand is getting more attention and they are expecting more tender bids for their OEM products. Currently the share price dropped a lot because of change of business direction and increased costs to market their own brands. This QR should see improvements as the US is stronger against the MYR and Karex's One brand is retailing in the US market. It is still one of the world's largest condom makers and in terms of market, it is still growing as this is still the most used form of contraceptives. The product itself is disposable, just like gloves so the demand is always as it is not affected by economical changes.