My friend work with Karex. According to him, the company management not keen to enter glove industry due to limited resources and knowledge in producing glove.
Not with the current capacity. You will need all of the resources to form up a glove business. Machines, raw materials, human experts, client base, registration of medical device certificates will takes you at least 1-2 years time..and ROI time to reflect in your P&L. lets hope for the best for Karex
Even those lousy companies can produce glove, why Karex cannot ? I think it will be excellent decision for Karex to produce the glove compared to condom which giving a low margin.
@Alipapapa Any price below RM1.00 is damn cheap to buy
based on what judgement or news? I've been holding for more than 3 years with price RM2+ and this counter is keep "surprised" me with the financial results and much lower and lower share price. I do hope it will rebound to cover my loss
Yeah, quiet here. Was monitoring its price during the selldown just now. Karex is one of those that stay quite stable during the fall. I guess not having much liquidity is a good thing here.
SOLD 72% of the Karex that I doggedly averaged down from my first purchase @ 1.24 all the way down to the low 0.40s, from 74c all the way up to 80c this morning.
congrats to those taking profit!....always never wrong to put money back in your pocket....
i will hold and wait for the results this month, i saw the director or maybe the wife bought higher than my price, so still feel comfortable to hold for awhile....
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....
Giantbaby
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Posted by Giantbaby > 2020-08-03 10:06 | Report Abuse
My friend work with Karex. According to him, the company management not keen to enter glove industry due to limited resources and knowledge in producing glove.