Posted by lizi > 2020-05-29 19:07 | Report Abuse

what the ???

Posted by Cupcakes69 > 2020-05-29 19:40 | Report Abuse

You close your factory for 10 days while still paying your bills of course lah going to be bad. Why people so surprise?? What else did you expect?? I already pointed this out weeks ago. Karex CEO also said it was going to be difficult to restart their factories...If don't want listen to me, sure. But him also you high chasers dont listen, you better go buy unit trust only lh for your own sake.

Sales being higher compared to 3rd quarter previous from year is not a big achievement. During the previous year quarter, Karex was involved in scandal involving misstreatment of its foreign factory workers. This caused its clients to suspend orders.

But on average, revenue have been growing for years. Whether that will continue, especially now with the pandemic and looming worldwide recession is yet to be seen. My worry is that there is going to be a significant decline in tender markets sales. It's likely that Gov funded NGO (biggest client for their sales in the tender marker) are going to be buying less condoms because the government who funds them will provide less funding. In the last annual report, it was already stated that this was already happening.

Posted by MaYun > 2020-05-29 20:55 | Report Abuse

let's see how low can this baby goes next week......

Posted by sharonchok > 2020-05-29 20:59 | Report Abuse

Thanks! sifus! so is it still worth to keep it?

Posted by Tryingtogetrich > 2020-05-29 21:09 | Report Abuse

I feel they did better... revenue and cost of product increased but more importantly gross profit also increase despite the mco shut down. Imagine if mco shut down did not occur, their gross profit will be even higher

Their revenue increase means they did not loose market share during their social compliance audit period.

They recently went into Thailand and singapore do admin and marketing cost Will go up.

Tender market will no doubt suffer due to Covid But their strategy of moving into OBM and commercial segment is paying off.

Their products r actually not bad according to reviews on the internet

Posted by bryn97 > 2020-05-29 21:17 | Report Abuse

buy buy buy

Posted by Cupcakes69 > 2020-05-29 21:40 | Report Abuse

@Tryingtogetrich

Hmm, revenue must have increased due to higher ASP as mentioned by HLBank, leading to better gross margin. This is probably because condom factories in China were closed during the Jan-March period. But now that china has reopened, the ASP should decrease. So I dont think the margin will last long, especially if we're expecting a decline in tender market demand due to government shifting resources to handle covid-19.

OBM have been increasing, but it's still only about 20% of total revenue. And most of the gains in their OBM are pro forma gains from acquisitions. Their organic growth is pretty slow. It also has yet to reach scale for it to be profitable. Their expansion into Thailand & Singapore happened only recently (Dec 2019). So I think it's still too early to tell whether it'll be successful. Branding is difficult and expensive. Even Karex CEO told investors it's going to take years for its OBM to segment to be profitable, they're in it for the long term. Thats assuming it'll ever be profitable.

Posted by MaYun > 2020-05-29 22:06 | Report Abuse

Let's see the tug of war between the optimist and pessimist next week, they will strike a balance at some point and that would be a good entry point for those who wish buy and a good dumping point for those who wish to abort.
Or there could be a third scenario .... let's wait and see.

Posted by sharonchok > 2020-05-29 23:04 | Report Abuse

Thanks! sifus!

Posted by amateurJR > 2020-05-29 23:10 | Report Abuse

Haha wait to go holland for vacation

Posted by MaYun > 2020-05-30 11:17 | Report Abuse

International travel ban la...... else, Holland might not be a bad choice ha ha ha...

Posted by rivter > 2020-05-30 12:58 | Report Abuse

lucky friday sell ad~earn 15% enough monday can buy b with low price again

Posted by rivter > 2020-05-30 13:00 | Report Abuse

0.54 can reenter again? or lowest 0.54 wohoo~

Posted by zzzz52 > 2020-05-30 22:05 | Report Abuse

Why is it net profit loss? How do we look at the tax?

Posted by Investsucess Trader > 2020-05-31 11:09 | Report Abuse

Accumulate on weakness, buy for the future not the past.

Posted by MaYun > 2020-05-31 12:02 | Report Abuse

Ha ha ha ... your thought is as good as mine, though there might be a lot of naysayer promoting the glove instead, and may go to the extend of personal attack....

Posted by khpwwl > 2020-05-31 12:31 | Report Abuse

The qtr result can announce on 30 Jun can still can goreng n why they out now with net profit loss??? Either they are not enuf to goreng like gadang... Scare those weak players to sale thir shares...

Posted by icepumpkin > 2020-05-31 15:13 | Report Abuse

Topgloveniw produce topfeel.. aka condom

Posted by Tryingtogetrich > 2020-05-31 17:49 | Report Abuse

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/as-governments-pull-out-will-pleasure-drive-growth

Good insight into karex

Posted by Tryingtogetrich > 2020-05-31 17:49 | Report Abuse

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/as-governments-pull-out-will-pleasure-drive-growth

Good insight into karex

Posted by Tryingtogetrich > 2020-05-31 17:53 | Report Abuse

I think they made an excellent decision few years ago to enter into the OBM segment.

The Tender segment is going down hill and will continue to do so as HIV is no long a prominent concern by various government or NGO

They r the BIGGEST condom producer in the WORLD. How many of these biggest in the world company can we find in Malaysia ?

Posted by lextcs > 2020-05-31 20:18 | Report Abuse

safest play now in the protection wear segment literally...watch it zoom soon...

Posted by limitupupup > 2020-05-31 20:19 | Report Abuse

tmr drop laosai or wat, we shall see it tmr

Posted by MaYun > 2020-05-31 21:19 | Report Abuse

I wouldn't mind the chances of buying more at a laosai price. Ha ha ha...

Posted by MaYun > 2020-05-31 21:19 | Report Abuse

Great info from the CEO. Thanks T2GR

Posted by RedEagle > 2020-05-31 21:38 | Report Abuse

KUALA LUMPUR: Green Packet Bhd memeterai perjanjian dengan Persekutuan Persatuan Lembaga Pengurus Sekolah Cina Malaysia (Dong Zong) untuk pemasangan alat pengimbas haba KipleLive di 63 Sekolah Jenis Kebangsaan (SJK) Cina di seluruh negara.

Ketua Pegawai Eksekutif KipleLive, Ti Lian Seng, berkata alat pengimbas haba itu membolehkan pentadbir sekolah melakukan pemeriksaan pantas dan melakukan prosedur operasi standard yang diperlukan untuk mengasingkan individu berisiko dengan secepat mungkin.

"Mulai minggu ini, Green Packet akan memasang alat pengimbas haba KipleLive di sekolah yang terletak di Lembah Klang, dan dalam tempoh dua minggu akan datang, alat pengimbas itu akan dipasang sepenuhnya di semua 63 sekolah termasuk yang di Sabah dan Sarawak," katanya dalam satu kenyataan hari ini.

Ti berkata, KipleLive menggunakan teknologi kecerdasan buatan (AI) dan pengecaman wajah, ditambah dengan aplikasi digitalnya.

"Hasilnya adalah penyelesaian yang akan memberi keselesaan kepada semua pihak berkepentingan untuk membuka semula sekolah dengan cara yang paling selamat," katanya.

Pemasangan itu akan membabitkan penyediaan pengimbas pengecam wajah AI di lokasi strategik di perkarangan sekolah untuk mengimbas dan merekodkan bukan saja suhu tetapi kehadiran setiap pelajar, guru, kakitangan pentadbiran atau pelawat.

Setiap individu akan mempunyai Petunjuk Kod Kesihatan digital yang dapat diakses dengan mudah melalui aplikasi untuk pengesanan kontak secara pantas apabila diperlukan.

Selain itu, aplikasi KipleLive itu juga dapat digunakan sebagai saluran komunikasi untuk pelajar, ibu bapa, dan guru, sama ada untuk membuat pengumuman atau dengan individu atau kumpulan tertentu dalam senarai berkenaan.

Sementara itu, Ketua Pegawai Eksekutif Dong Zong Leong Seng Yee, berkata beliau yakin bahawa pelajar dapat kembali ke bilik darjah tidak lama lagi, dengan melaksanakan prosedur operasi standard yang ketat.

"Langkah itu termasuk memasang alat pengimbas haba AI, melakukan nyahkuman di bilik darjah setiap dua jam sekali, mengamalkan penjarakan sosial dan yang lebih penting, bekerjasama dengan Kementerian Pendidikan dan mematuhi semua langkah kesihatan dan keselamatan," katanya. - Bernama

Posted by khpwwl > 2020-05-31 22:29 | Report Abuse

Lol... Tmr awaiting to buy more in gao down price loh

Posted by khpwwl > 2020-05-31 22:30 | Report Abuse

Buy laosai price....

Posted by 10KaDay > 2020-06-01 09:29 | Report Abuse

Why keep dropping while others is uptrend? anyone knows?

Posted by limec86 > 2020-06-01 09:33 | Report Abuse

@10KaDay, QR ugly... Many run away...

Posted by Value888 > 2020-06-01 11:09 | Report Abuse

CIMB sell call.

Posted by sharonchok > 2020-06-01 11:55 | Report Abuse

its not satisfactory q report, but that 's due with the MCO! it will get better!

Posted by Santiago > 2020-06-01 11:59 | Report Abuse

reboooouuuunnnnnddddd!!!!!!

Posted by khpwwl > 2020-06-01 12:02 | Report Abuse

Who sold this morning really.... Are all weakplayers

Posted by MaYun > 2020-06-01 12:02 | Report Abuse

Ha ha ha... got some cheap cheap one at laosai price this morning

Posted by khpwwl > 2020-06-01 12:05 | Report Abuse

I already said, why they choice to announce the qtr report now which they can announce 30 Jun 2020???

Posted by limec86 > 2020-06-01 12:09 | Report Abuse

Stand still to see green today? Let's try......

Posted by martinking > 2020-06-01 12:10 | Report Abuse

erecting...!

Posted by limec86 > 2020-06-01 12:27 | Report Abuse

show green~ up up up~!

Posted by MaYun > 2020-06-01 12:28 | Report Abuse

This counter is hot, looks like got to cancel Holland trip aldy.....

Posted by limec86 > 2020-06-01 12:31 | Report Abuse

come after gloves counter? since gloves counters super high temperature now

Posted by MaYun > 2020-06-01 12:38 | Report Abuse

If you listen to the BFM pod cast, the CEO should be able to play to the medical glove tune to ride the theme of the pandemic wave when asked , but somehow he did not .... I trusted him better than some other medical and health care companies....

Posted by maxprofit2020 > 2020-06-01 12:38 | Report Abuse

Those who panic sell this morning shall be regret by now.

At mid-day closing :

SMA 50 (0.45) > SMA 90 (0.448) => first time reverse since Mar 11th reverse from downtrend to uptrend.

SMA 50 (0.45, moving up 0.005/day) going to breakthrough SMA 200 (0.455, moving up 0.001/day) within 2 workng days. Once cross over, it will be a golden cross after past many years' downtrend.

Posted by WarantHunter > 2020-06-01 13:01 | Report Abuse

Karex rebound so much. Look like going to hit 70sen today.

Posted by bryn97 > 2020-06-01 13:03 | Report Abuse

sifu, what price should i sell

Posted by maxprofit2020 > 2020-06-01 13:04 | Report Abuse

HLInvest :

Outlook. Due to the Covid-19 outbreak, we understand that there is a global shortage of condoms, due to the lockdowns globally which have disrupted production and somewhat increased demand. With Karex being the largest condom maker globally, we feel it may benefit via higher ASPs which will be reflected in the next quarter onwards. During the MCO, Karex had to halt production for 10 days which impacted production (as seen in this quarter). Following that Karex was allowed to operate a 50% capacity for the rest of MCO, and come CMCO, at full capacity. Since the outbreak of Covid-19, Karex’s ASP has been on an upward trend, possibly due to other smaller domestic manufacturers that were not able to operate during MCO and/or faced hiccups in obtaining raw materials. We feel the improving ASPs will aid Karex in the coming quarters and will be felt in a more profound manner in FY21.

Posted by limec86 > 2020-06-01 13:04 | Report Abuse

@Bryn97 sell @ the price you feel comfortable.

Posted by khpwwl > 2020-06-01 15:07 | Report Abuse

hold tight hold tight....

Posted by bryn97 > 2020-06-01 15:16 | Report Abuse

drop again lol

Posted by limec86 > 2020-06-01 15:20 | Report Abuse

@bryn97 roller coaster.... More rides? Lolz!!!!!!