KAREX BERHAD

KLSE (MYR): KAREX (5247)

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Last Price

0.815

Today's Change

+0.025 (3.16%)

Day's Change

0.785 - 0.82

Trading Volume

1,272,100


31 people like this.

11,790 comment(s). Last comment by gogogolee 20 hours ago

DickyMe

12,371 posts

Posted by DickyMe > 2 months ago | Report Abuse

Don't cry. You haven't faced a tad bit what I got. Just move on, there is no justice in i3 and all your wallowing will fall on deaf ears or rather eyes.

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Karex to 1 billion market cap

dompeilee

11,233 posts

Posted by dompeilee > 2 months ago | Report Abuse

HOOORRRAAAAAYYYY!!! =D

Posted by miracle_trader > 2 months ago | Report Abuse

retailer stuck many years this counter,so now up a bit all faster sell,but will regret later. now uptrend just starting, will back above rm1

Vhydro

1,417 posts

Posted by Vhydro > 2 months ago | Report Abuse

Will have a correction soon

Posted by miracle_trader > 1 month ago | Report Abuse

will have another uptrend soon

dompeilee

11,233 posts

Posted by dompeilee > 1 month ago | Report Abuse


dompeilee

52.5c :) My avg cost is 45.39c

3 weeks ago

SOLD most of my Karex @ 69c

dompeilee

11,233 posts

Posted by dompeilee > 1 month ago | Report Abuse

greatwall

You will soon regret it

2 days ago

musso77

59 posts

Posted by musso77 > 1 month ago | Report Abuse

why suddenly shoot up?

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

This stock is definitely not done. Insiders have not cashed out. Long term winner

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

I would add more Karex shares if it dips below RM0.70. Add on weakness

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Walter Aw is about to upgrade his price target. Haha just wait

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Walter Aw, RM0.90 okay? Go go go

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Key Catalysts for Traders and Investors:
1. US Supreme Court decision Roe v Wade to spur an uptick in condom usage (NA and EMEA region)
2. Recent fall of freight rates as well as raw material costs such as rubber and silicone oil (been a major concern due to supply chain issues since Q2 FY20). This will greatly reduce distribution expenses, manufacturing costs. Likely to contribute towards at least ~8% of their net profits in FY23
3. Consolidation of major industry players such as Reckitt Benkinser and more to contribute towards market share growth for Karex
4. High management confidence as reflected in previous briefing and earning calls. The chairman is very confident about the company outlook moving forward. Utilization rate has already improved signficantly
5. The company is actively putting CAPEX into improving production capacity for other alternative products apart from its core product. (The Edge: The planned RM40 million glove manufacturing facility was announced in August 2020, during the height of the Covid-19 pandemic. The factory is located in Hatyai, Thailand, with a planned capacity of up to 2.5 billion pieces annually.)
6. No need to raise equity or share issuance to pay debt. Cash position looks good and balance sheet remains healthy despite heavy investments.
7. Strong macroeconomic support. The healthcare sector is generally resistant against any form of economic downturn.

This will be another high conviction play like Kawan Food. No short-term trade for me, at least 6 month hold

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Walter AW
It is time to upgrade your price target. Support

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Walter AW will upgrade his price target. My man wants his bonus

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

CGS-CIMB will raise his bonus for next year. But he has to raise his price target

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Come on, Walter AW. Upgrade to RM1.20

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

This company is worth 2x NTA

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Help our brother, Walter AW get his bonus. Push

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Hold steady haha

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Karex Net Profit: RM2.2 million
Top Glove Net Profit: (RM157.6 million)
Karex Market Cap: RM 700 million
Top Glove Market Cap: RM 7,000 million

Too cheap

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Australian Dollar to Malaysian Ringgit: 2.99

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Both are cheap honestly. But Karex is much cheaper

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

@greatwall yes. You think insiders keep buying up to RM0.70+ for nothing? Not just CEO bought, his entire family bought already. Not just one account, across many CDS and nominee account as well as proxy. If you still wait on the sidelines, you will miss out. One price target upgrade from Walter AW, we fly again

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

This stock is not only supported by fundamentals, the technical setup is absolutely perfect. Karex Berhad was recently featured on The Edge hard-copy newspaper. All the sell-side analysts LOVE this stock. Buy-side is not done buying yet. Recession-proof companies will still remain attractive in the next few quarters moving forward (Global recession will not be FULLY priced in until Q3 2023 at least).

gohkimhock

2,609 posts

Posted by gohkimhock > 1 month ago | Report Abuse

I have gone raw!

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Hold until Q3 2023. Scared money don't make no money

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

i3investor Best Call Award - Walter AW
Who cares about The Edge Best Call Award.
Walter AW is the best analyst in my heart.
My Man Deserves his Bonus
Give him 24-month bonus

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

this guy helped me make a lot of money this quarter

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Walter AW Best Call 2023. I am still holding Karex

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Topped up more shares

TreeTopView

1,241 posts

Posted by TreeTopView > 3 weeks ago | Report Abuse

@wallstreetrookieNEW, you got your wish, CGS-CIMB Research have came out with an updated report and new price target.

"CGS-CIMB Research raised its FY23-FY25 to account for higher ASPs, better production output, and margin expansion from lower input costs. 

The research firm reiterates an 'Add' call for Karex with a target price raised to RM0.96."

Full news report here:
https://www.klsescreener.com/v2/news/view/1092631/karex-to-benefit-from-strong-global-demand-for-condoms-growing-tailwinds-from-favourable-operating-environment

I took a relatively small position in Karex on the last day before the Christmas break at 68.5 cents, purely on technical analysis. My target is 82 cents (on technicals) but will monitor it as to whether it does or doesn't get within that price target, to either hold or sell.

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Holding so Walter Aw can get his bonus. Let's go

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Thanks for upgrading price target for Karex

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

This will probably be my last comment on Karex forum. I will stop talking about this stock for now since I have finished accumulating

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Good luck to all investors

Posted by wallstreetrookieNEW > 3 weeks ago | Report Abuse

Walter Aw, you the best

Income

3,813 posts

Posted by Income > 2 weeks ago | Report Abuse

Some mustang only want karex to get free condominium pictures printed on the boxes. Birdie mustang is faster changing condominiums pictures on the boxes. You all know what is free inside the boxes. Haha

Income

3,813 posts

Posted by Income > 2 weeks ago | Report Abuse

Karex = over value. Stay far

Income

3,813 posts

Posted by Income > 2 weeks ago | Report Abuse

Mustang, your Ular kirim salam to you. Ular said don’t want your FOC condomm

ctooi51

378 posts

Posted by ctooi51 > 2 weeks ago | Report Abuse

Sold.. Bye2.. @.825..come back in march..

ctooi51

378 posts

Posted by ctooi51 > 2 weeks ago | Report Abuse

Pretty sure it is for CNY angpow..

deMusangking

4,808 posts

Posted by deMusangking > 1 week ago | Report Abuse

will reach the sub-station 0.85 for CNY???!!!!!!!

ctooi51

378 posts

Posted by ctooi51 > 1 week ago | Report Abuse

Sub stn 0.85 under maintenance.. redirect to sub stn 0.83

deMusangking

4,808 posts

Posted by deMusangking > 4 days ago | Report Abuse

Now reach sub-station 0.85, soon will proceed to sub-station 0.90 !!!!!!!!!!!!!!!

ctooi51

378 posts

Posted by ctooi51 > 3 days ago | Report Abuse

Buy buy cheap cheap

ctooi51

378 posts

Posted by ctooi51 > 1 day ago | Report Abuse

Alamak

gogogolee

127 posts

Posted by gogogolee > 20 hours ago | Report Abuse

back below 0.5

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