Karex : Technically, share price has broken above the key 200-day simple moving average line signalling positive momentum on the buying interest. Besides, the upward movement of key momentum indicators and bullish position of MACD above signal line also indicating further upside potential. As such, resistance level can be seen at RM0.635 (R1) and further to RM0.700 (R2)
Everyone should buy some karex to spare, so the business and share price will be good. You all want the price to be high but never support the condoms.
Focus ( July 6-12, 2019) News that Top Glove intention to take over Karex, to world's largest condom maker. This move is to complement Top Glove's condom and dental factories.
Top Glove is on massive expansion plan to look out for good companies to acquire, and Top Glove priority would be companies with good valuations which are able to immediately contribute to Top Glove business. Karex fit in very well and complement Top Glove business , that's why recently we all see a spike in Karex price.
Karex will keep on uptrend the price until the acquisition news is out, and then will surge higher and higher. That's why the Goh's family has been aggressively buying its own shares from the period of June until July still buying and buying.
Take note of this : Karex chief executive officer Goh Miah Kiat and his family collectively control over 40% shareholding in the group. Other substantial shareholders include Aberdeen Asset Management Sdn Bhd (6.4%) and Employees Provident Fund (2.9%), the Karex 2018 annual report said.
@MingGoon How is TopGlove suppose to acquire Karex if the CEO keeps buying the shares or is owned by EPF and other asset management firm? Doesn't seem like an acquisition is possible, especially if the share price keeps increasing.
Topglove now still cannot buy karex because share price still cheap , goh family dont want to sell. Goh family want to push the share.price to rm2.00 only can sell to topglove.
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MingGoon
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Posted by MingGoon > 2019-07-05 14:15 | Report Abuse
Karex :
Technically, share price has broken above the key 200-day simple moving average line signalling positive momentum on the buying interest. Besides, the upward movement of key momentum indicators and bullish position of MACD above signal line also indicating further upside potential.
As such, resistance level can be seen at RM0.635 (R1) and further to RM0.700 (R2)