SHAH ALAM: The world's top glove maker, Top Glove Corp Bhd is planning to manufacture condoms for the export market with an initial investment of RM30mil.
Executive chairman Tan Sri Lim Wee Chai said this was part of Top Glove's diversification to expand its business.
"It's a good business to go in as in terms of price-earnings valuations it's very high," Lim said on the sidelines of the company's third quarter results briefing for the financial year 2017 on Tuesday.
Lim said Top Glove intends to build the factory on a five acre site in Klang.
The RM30mil investment will be for building the plant and machinery. It will kick off production with 20 lines first.
karex market share will be dropping with new competitor... yet top glove is one of the biggest biz partner in medical industry... where will karex position itself? if karex still dont change its strategy i think it would buyout by topglove
karex recent performance mostly hit by the surge of raw mat price. introduction of new competitors will not give too much of the impact as karex is eyeing on worldwide market and they are in the leading position. even top glove venture into the condom market, they only can chip in after plant is fully setup. that is a year from now.
Sell now, the price might drop 1.60 and below. Rubber price has increase first half of this year compare to last year and it increase the cost of raw material and reduce the profit.
Stupid karex ......diversify your business by manufacture glove...too follow Top glove...give dividend...to shareholders.......and implement buy back company shares scheme......
Later supermax masukbuat kondom jenama Supercondom, like Topglov buat condom cap Topcondom, baru Karex sedar there are lots of competitor. Karex, your PE= 45 still very high la. karex should earn more to lower its PE lah. :-(
Karex is hiring sales manager, either current one not doing well and looking for replacement or business too good they are expanding the team. However their marketing cost have been pile up and very high as they wan to build the brand for their The One
Karex better diversify to making rubber shoes lah, or rubber face mask or rubber diving suit or just make rubber tyres la Karex. karex, topglov mahu bersaing dgn awak . Karex tentu nanti untung kurang. Sorry Karex, your future is in your hand now. Sad sad sad
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....
pussycats
7,640 posts
Posted by pussycats > 2017-06-16 17:25 | Report Abuse
Ask male how to wake karex up ... kikikiki