If you are in this counter, do not expect this baby to go up any sooner. It will only come back up when the the business is back on track and reporting a good profit. There are many other counters that are offering few cents divvy at the moment and with its' stock price sitting at 40/50 plus cents, so if you are a institutional investor where are you going to park your money ? It bounds to go further south until major players finds financial data & ratio become very attractive, then they will start to pick up the stock, meantime retailers like us cannot do much, stay put or sell lower to switch other counters to grab some handsome divvy and come back later to buy higher.
If you are already holding the stock and decide to continue to hold, then do nothing at the moment, the more you buy the lower it gets. Wait until the dust settle down before doing any top up, my 2 cent advise.
@limec86, I have the same feeling it will go down like that. No catalyst n reason to pump this stock during current market condition. The best way is go down as low as possible before rebound.
With revenue earned from its condom business, Karex is quickly expanding into sanitisers & spray. Prospect looks good.
Bernama. KUALA LUMPUR, June 12 -- The world’s biggest condom maker, Karex Bhd, is responding to the COVID-19 pandemic by expanding production of sanitising products.
The company started producing hand sanitisers under the brand HANS in March and is expected to come out with a sanitising spray by the end of this month and wipes before August.
I guess their sale of lubricants was bad enough for them to have stopped its production for awhile to make way for hand sanitizers. How their OBM suppose to succeed if like this!?!?..damn sad.
Even if its smart, it's not what is suppose to happen. Their lubricants sales should be strong enough that they dont need to switch to hand sanitizers. CEO promised to make Karex into a competitive sexual wellness company with strong brands in condoms and lubricants, thats the reason they did the IPO, and not to produce hand sanitizers.
Plus, covid-19 will only last a few years, so producing hand sanitizers is not a good long term business. And the price is only high now because of low supply. Once supply of sanitizer picks up, the price will drop. Thats why branding is soo important, which Karex seems to be failing.
3 reason why you should hold on buy Karex first? 1.All escort service lock down 2.Meet small 3 also no chance during lock down time 4.Economy no good maybe buy cheap cheap brand 1st
Karex is now in a few new markets such as Thailand, Vietnam, singapore and Indonesia which they were not a few months ago. Karex is a good turn around company with great potential
Karex should move into surgical glove market. It has the technical know-how, access to medical industry, production capacity surplus and good brand name.
by logic result should be green green... even with everything stays constant, the hand sanitizer revenue should do the job this QR... anyway i think the directors are not stupid, if result they themselves cannot improve then they buy for what?
I had a feeling that someone is doing fishing at this price. Anyway I have a bus load of this shares on hand , do not mind selling a little bit for cash to buy other stock as long as there is profit.
this type of market you sell then buy what?..... gloves? tech? too late already, all those can make money for the next 2 years the share prices already went ballistic.... right now the only thing can buy is GOLDETF and also went up already....
last time, actually not really too long ago, fd still have 4-5%, can rely on them.... now those also like policeman who wear shorts all gone lol.... sigh.....
Karex has to live up to expectation for being a number producer of condom, King of Condom. Let's all of us keep our fingers cross.... Do you hear us Mr MK Goh ?
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....
MaYun
264 posts
Posted by MaYun > 2020-06-11 13:20 | Report Abuse
If you are in this counter, do not expect this baby to go up any sooner. It will only come back up when the the business is back on track and reporting a good profit. There are many other counters that are offering few cents divvy at the moment and with its' stock price sitting at 40/50 plus cents, so if you are a institutional investor where are you going to park your money ? It bounds to go further south until major players finds financial data & ratio become very attractive, then they will start to pick up the stock, meantime retailers like us cannot do much, stay put or sell lower to switch other counters to grab some handsome divvy and come back later to buy higher.