No specific good news announce in agm that will boost the share price. Overall management remain optimistic of future expansion of capacity, usd currency is in favour to Karex but if too strong usd also bring some impact on some customer who would want further price cut from Karex. i would say this 4th agm is the biggest turn out so far with significant increase of young investor...Karex is nice enough this round to provide some decent breakfast and lunch for investor. All agm resolution accepted and pass. This agm have electronic vote counting system using barcode scanner, nice. On top of that as usual goodies filled with condom again ...this round Karex is kind enough to give 1 dozen of premium ONE brand condom on top of others Carex brand condom.
Karex CEO emphasize that Karex is just started to grow and expansion on going. Some investor question on 2 cent dividen is on the low side, Mk goh replied Karex hold a minimum dividen policy of minimum 25% and currently is paying 28%, if you wish for higher dividen you need to hold long term as Karex have not reach the high dividen yield stage yet since still expanding fast. Some investor questioned about Karex intention on Ansell sellout as published on Focus. CEO said no further comment until Ansell really announce they are selling.
Investors seem like not happy with the agm .. share price dive down to 2.49 .... may be one dozen ONE condom cannot satisfy them, should give more, Mr CEO!!
Oh lift coming down fast today. Get myself ready for those push their panic button... hehehe. Once it down, the shark start bite. Then We follow. Get ready. AGM got hint when report out? If got hints, means report going to bad as price drop.
Condom not a demand I think.. In such bad area, ppl rather spend money to buy food, living, clothes, and car... No condom is OK, either don't sex or use old ways of safe sex..
@Obsidian, FYI. Karex Bhd reported a 63.5% fall in net profit to RM8.14 million or 81 sen a share for the first quarter ended Sept 30, 2016 (1QFY17), from RM22.28 million or RM2.22 a year ago, due to LOWER FOREIGN EXCHANGE GAIN.
The LOWER PROFIT was also attributed to HIGHER OPERATING, ADMINISTRATION & ONE-OFF CORPORATE EXRCISE EXPENSES WITH THE CONSOLIDATION OF NEWLY ACQUIRED PASANTE HEALTHCARE LTD.
Revenue rose 5.2% to RM80.04 million from RM76.09 million largely due to the consolidation of sales from Pasante.
[2016-0831] Karex buys US Line One assets for RM32 million Karex Bhd’s wholly owned subsidiary Karex International Sdn Bhd (KISB) is buying Line One Laboratories, Inc. (USA)’s trademarks and intellectual property rights, which will enable Karex to increase its market share in the US, for US$8 million (RM32 million) cash.
[2016-0706] Karex Berhad has acquired one of the largest independent condom manufacturing companies in the UK, Pasante Healthcare Limited for £6 million.
i too lazy to open the karex quarter report to analyse.. i just have a quick glance and it is really bad.. Please tell me the fact, and defend the quarter report if you guys think that the quarter profit is wrong!.
i thought such a high PE counter will give a high growing quarter report.. but the quarter profit for last 3 quarters is really bad compare last year...4 quarter PE will shoot to ridiculous high 60 if next quarter give such quarter profit again.. Do you think investor still believe the mgmt?
Another things which is I aware is every time before the bad quarter report is out, there will be a news to cover it..just like acquire this, or profit will be double in 2017...you check back last quarter report release time then you will know.
I can conclude that the management or big share holder very good.. they keep trying all the method to ensure the share price wont drop so much..what is their motive??
Ehh... I don't think the CEO will let it drop too much. Most of the fast developing/growing company needs more investment ($$$) from investor rather than loan from bank so pushing the price up maybe is the best way to attract investor to keep or invest more into the company.
Btw, Karex sekali acquire 2 companies in one year, it surely hard to digest sometimes.
i am not 扰乱, i am just giving my opinion based on the quarter report pure result..if you have any diff view on the report, feel free to voice out here.
every body can raise their voice here, just a pcs of advise..all are money, I dont wan newbie to simply throw money into a company which not worth the value..must do their homework...
Lower profit doesn't means bad things is becoz 2 new acquire companies in the same quarter 3 so it may caused higher operating & other expenses. If Ah Goh still planning to buy Ansell in this year then I think we better run 1st.
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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....
jimboyz
200 posts
Posted by jimboyz > 2016-11-22 18:12 | Report Abuse
go go go!!!