Guys, the results of these export counters all confirm not leng. Currencies brought impact on these counters. Base on plain currency play, we can expect next quarter will has better results lo.
Buy karex is not aim for short short term play. Hold it to see results. Condom business is not meant for 1quater, u cn use condom until age of 70, 80(if capable) xp
SOLD the remaining 50% at 2.45 aver (yesterday at 2.48)..quite yummy for less than 7 days trading position..its all abt timing!!! i dont waste time on useless n irrelevant analyses in current conditions.. will reload when opportunity presents itself again .. wakakakikii
Long term investor will say CIMB is speculating, they are only allowed to comment on Karex if they have result in front of them. If not you need to question the motive of CIMB analyst. They try to cheat you sell so they can buy more. Hahaha...Last but not least, they will tell you this counter is for long term.
There may be a blip in d NPAT if u compare the q-on-q results. However if u look at the y-on-y results, it has exceeded previous year's results. Generally, Karex's results are not so very bad as claimed by some here.
I choose to HOLD, not sell. The lower profit is due to foreign exchange loss. The company is still doing great in business expansion. I am confident on its future OBM segment and strong demand of condoms as stated in the report.
I will choose to add more if it can drop below 2. You may sell it next week if you have no confidence on this company anymore.
I totally agree w @gift. Despite the unfavourable exchange rate and latex price during last qtr, Karex's YTD numbers are still looking very good. With d 3rd qtr results already in the pocket now, I see Karex hv no problem at all to exceed the FY2015's results. To those who wanna sell, pls do so swiftly early morning on Monday. I am very happy to collect more. Hehe...
If 1.8, i will in kao kao... revenue increase is very positive. Means Sales getting better. have to study more what happened on profit drop before i make comment. Could be labour cost or whatever. So for whoever wan to sell 1.8, pls PO now... ^^
@Obsidian, it's mainly due to lower Other Income and higher Other Expense. I believe the FX losses are included in here. As for higher distribution and admin exp., there is very normal due to higher sales.
Please read the QR report. Although economy is bad, but Karex still has good business especially at condom segments. For the third quarter ended 31 March 2016 (3QFY2016), revenue was higher by 23.6% or RM16.8 million as compared to the corresponding quarter in the previous year due to higher volume from condom commercialsales segment. However, result from operating activities was lower by 35.1% or RM5.9 million as compared to the corresponding quarter in the previous year attributable to foreign currency exchange losses of RM4.8 million as compared to foreign currency exchange gain of RM3.5 million in the previous year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Piggybank
132 posts
Posted by Piggybank > 2016-05-25 11:41 | Report Abuse
SELL!