@pineapple123 You're buying shares of CONDOM COMPANY because you believe SANITIZING PRODUCT will be in high demand (which if true, would not make much difference to Karex's profit since they are not making a lot of it)?!?! .......sure..good luck...
Btw, $2.14 billion in 7 YEARS is not a lot. Karex doesnt even have 0.01% market share now lmaooo....
Cupcakes69, let's be more positive here to bring up the vibe since you are also one of the holder. This is a mysterious and misunderstood counter, so the potential is unknown, putting the fundamentals aside.
@sting79 If people start losing their savings once the rubber stock bubble crashes, I'm sure they'll take it out on Karex and its products. No real investor wants that.
sting79 Cupcakes69, let's be more positive here to bring up the vibe since you are also one of the holder. This is a mysterious and misunderstood counter, so the potential is unknown, putting the fundamentals aside. 04/08/2020 5:29 PM
Cupcakes69 @sting79 If people start losing their savings once the rubber stock bubble crashes, I'm sure they'll take it out on Karex and its products. No real investor wants that. 04/08/2020 5:41 PM
what do u mean "they will take it out on karex and its products. No real investor wants that?"
@pineapple123 Stock crashes brings bad reputation to a company. Once Karex's stock price crashes (I dont know when, but in the long run, prices generally fall back to fundamentals), people might think there's something wrong with its products, which makes it harder for the company to secure favourable funding for the future.
That's why speculators are such a nuisance. Like it or not, a company needs quality investors to do well.
Cupcakes69 @sting79 If people start losing their savings once the rubber stock bubble crashes, I'm sure they'll take it out on Karex and its products. No real investor wants that.
Yeah understand the good intention, but no need so sarcastic lah..
Not forgetting that comparatively other related counter have risen much more than Karex, also at least there is no news here to simply goreng unlike so many penny out there with 'suspicious' MOU/JV/venture.
hi all sifus here, today karax the condom maker stocks shoot up 44% and i check their company profile here in i3, and it write this company do make glove and other medical glove also
my question is , does anyone come across this company? and does it make glove? and today someone from the company buy large amouth of stocks is it some news coming out?
Karex Bhd is a Malaysia-based company that is principally engaged in manufacturing and selling condoms, sterile catheters, latex probe covers, lubricating jelly, latex sleeve, rubber finger gloves, hand gloves, and other rubber products. The company operates business through a number of subsidiaries based in Malaysia, Thailand, Hong Kong, the United States, and Europe. The company generates the majority of its revenue from the condoms business. The company has a presence in Asia, Africa, the Americas, and Europe, with overseas markets accounting for most of its total revenue.
this i copy from i3. but i try search karex website cant find glove info.
@tean2020 they don't...absolutely nothing from the annual reports that indicates that. They're going strong on expanding their condom business. Some guy from this forum even said friends of his who works in Karex mentioned that Karex does not have the capability to do it. This makes sense. Although easier to make than condoms, the most in demand gloves now are powder-free medical nitrile gloves, which are a bit trickier to manufacture. Thus, Karex won't be able to make it without doing some major adjustments or acquiring new equipment.
@jacklintan True, but just because it is essential doesnt mean the company providing the product will do well. For example, not all utility companies are good, not all O&G companies are good, not all telekom companies are good. If you look at Karex earnings, definitely not good. There are also other condom manufacturing companies. It's not like Karex has a monopoly despite being the biggest. As they say, "The bigger they are, the harder they fall".
And also, people here have yet to justify why this condom company should rally just because it deals with latex and its product is labelled "medical". Gloves are in demand, not condoms lmaooo...speculators, funny lah u all.
@jacklintan hayoo...still mco meh? Can go out edy lah. Even if MCO, who cares wht malaysians buy?We are a small market. For Karex to make some real money, they need to do well in overseas market with larger population.
Plus you got read Karex annual report or not? Got do proper research or not? Most of their sales dont come from people buying condoms from pharmacy/online. They come from NGOs who buy condoms to prevent HIV in developing countries. Now with pandemic, these NGOs no funding liao. Governments have been redirecting funds to buy covid test kits. Even before the pandemic Karex CEO said in annual report and interviews funding for HIV prevention have been decreasing for the past few years. That's just facts bro..
"Take it easy. Give Karex a break". Lol...Scared the stock price go down is it.. If u lose money not my fault. Nobody asked you to spend money on an over x100+ PE company that's also making loses.
Oooh, Karex is like Apple now ahhahahaa. Apple was the exception to the rule. If you had the skill to successfully and consistenly pick turnaround companies, you wouldn't be here buying penny stocks would you :-) .
"Aiyoh , Apple was the exception to the rule? Says who? Says u? Lol" Says common sense dear. How many Apple like company do you see in the world, especially in Malaysia hahahha..
Gaslighting? Bitch, do you even know how to use that word XD. Get a dictionary lol
"Get a man to lay your down tonight, haha. Don’t forget condoms ya, haha"
lol..I intend to, but only from a real men. Something i'm sure you're not. Go masturbate while wearing a condom.
We are an experienced global supplier of medical and non-surgical gloves at remarkable prices. Medical Latex Sdn Bhd is the foundation of our pride. We have expanded our business with a big infrastructure to deal with clients in different countries. We supply qualitative latex, Medical Latex Sdn Bhd at discounts. Keep your health safe when you work at companies. Your hands should not have germs, bacteria and harmful elements. We have the stock of new brand gloves ranging from synthetic nitrile latex gloves to disposable industrial gloves.Check our products by categories to select the best user-friendly gloves. Medical Latex Sdn Bhd is the well- known exporter with its head office in PLO 8, Senai Industrial Estate, Senai, Malaysia, 81400 Senai, Johor, Malaysia. Our vision is to provide the qualitative hands-specific gloves at awesome discounts. Our management is powerful. We have a team of experts to do the product analysis, evaluation and proper testing before delivering the pairs of gloves. Contact us for solution to have the world class gloves.
its same address , medical latex and medical latex (dua)...both same address...both should be subsidiaries for Karex...maybe can Google more ...let's find more information for it.
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....
Cupcakes69
611 posts
Posted by Cupcakes69 > 2020-08-04 17:15 | Report Abuse
@pineapple123 You're buying shares of CONDOM COMPANY because you believe SANITIZING PRODUCT will be in high demand (which if true, would not make much difference to Karex's profit since they are not making a lot of it)?!?! .......sure..good luck...
Btw, $2.14 billion in 7 YEARS is not a lot. Karex doesnt even have 0.01% market share now lmaooo....