Posted by Angie Ng > 2020-08-06 12:30 | Report Abuse

I tot they ventured into sanitizer/hand sanitizer business, not glove.

Posted by WinnerWay > 2020-08-06 13:27 | Report Abuse

Typically it won't be investor relations office to announce this type of big news somemore enquiry phone call from someone they don't know at all.

Cupcakes69 I've got confirmation from Karex's investor relations office that they are not involved in the production or sale of gloves.
06/08/2020 10:04 AM

Posted by Cupcakes69 > 2020-08-06 13:49 | Report Abuse

@WinnerWay
"Typically it won't be investor relations office to announce this type of big news"

It was to clear up confusion concerning Medical Latex (DUA) Sdn Bhd. Exact quote was "None of our subsidiaries, including Medical Latex (Dua) Sdn Bhd, are involved in the production or sale of rubber gloves." This confirms Karex is not in the process of making gloves now. They're not sourcing equiptments for gloves making, they're not signing contracts with clients, they're not compounding new chemical compounds for gloves, nothing. It's the reason no one here can give proof that Karex is going to make gloves. The rally is the past 3 days was purely speculative.

"somemore enquiry phone call from someone they don't know at all"

Thats what investor relation is for. To answer enquiries of current/potential shareholders. It's in the name, Investor Relations.

Posted by Max_Lui > 2020-08-06 13:49 | Report Abuse

KAREX Gloves ?

Posted by Malatlou > 2020-08-06 14:24 | Report Abuse

Anyone know Ansell? They are making condoms and glove. And glove is far easier to make compare to condoms. I worked there before so I know :) not surprise if the boss is adding glove to their business

Posted by SweetNovember > 2020-08-06 14:30 | Report Abuse

LIMIT UP// TWINN TURBO

Posted by SweetNovember > 2020-08-06 14:46 | Report Abuse

limit up twin turboooo

Posted by SweetNovember > 2020-08-06 14:46 | Report Abuse

major annoucement for condom king

Posted by niubility666 > 2020-08-06 15:17 | Report Abuse

show started

Posted by kakibulldogs > 2020-08-06 15:23 | Report Abuse

announcement soon !

Posted by speakup > 2020-08-06 15:24 | Report Abuse

welcome to CASINO DE BURSA!!!!
nobody go GENTING CASINO anymore, why waste time travel when u can punt & gamble in CASINO DE BURSA!!!!

Posted by member41 > 2020-08-06 15:29 | Report Abuse

Karex is coming back... after the consolidation

Posted by SweetNovember > 2020-08-06 15:30 | Report Abuse

limit up

Posted by SERIOUSLEARNER > 2020-08-06 15:33 | Report Abuse

no power la. need some V

Posted by Silly_money > 2020-08-06 15:34 | Report Abuse

Due to glove shortages in the world, peoples started wearing 5 condom on the hand, and it serve the same function as gloves!
Hence, Karex revenue expand by 5 times!

Posted by clp72 > 2020-08-06 15:34 | Report Abuse

the damn swings are scary...

Posted by SweetNovember > 2020-08-06 15:47 | Report Abuse

karex UMA...

Posted by SweetNovember > 2020-08-06 15:47 | Report Abuse

karex lancio

Posted by Cyrogx6 > 2020-08-06 15:51 | Report Abuse

SweetNovember karex lancio
06/08/2020 3:47 PM

lai ask ur ah kung and ahma to pour into karex sure up

Posted by Fattymin > 2020-08-06 16:07 | Report Abuse

calm down, wil fly agn

Posted by Alipapapa > 2020-08-06 16:28 | Report Abuse

It is just a minor correction before another sharp rise. Karex will up to level u can't imagine. Believe me. I no intend to con you all. Something is mulling.............

Posted by Giantbaby > 2020-08-06 16:45 | Report Abuse

be patient guys...

Posted by bsklshark > 2020-08-06 21:09 | Report Abuse

Aiyo , why must It be glove only up , they are also making medical catheters & tubes supplied to hospitals & government all over the world which Is v high in demand. The factory orders also 3 months behind schedule means business is also damm good beside their condom & lubricant business. Those not in the shhip dont kacau2 here . Tp 10.00

Posted by bsklshark > 2020-08-06 21:10 | Report Abuse

Upside still got rm 8.91 to go

Posted by bsklshark > 2020-08-06 21:13 | Report Abuse

Tomoro folo samchem , luxchem and notion LIMIT UP few times

Posted by nich0las > 2020-08-06 22:05 | Report Abuse

Karex still have SexToy shop eh! At UK!!!!! Wahaha

Posted by WenlinC > 2020-08-07 08:07 | Report Abuse

Good morning everyone. Will KAREX rebound today ?

Posted by terrylam84 > 2020-08-07 11:36 | Report Abuse

One of the cheapest Glove player in Malaysia in term of price.

Posted by member41 > 2020-08-07 11:55 | Report Abuse

Look like someone controlling at $1.07

Posted by WenlinC > 2020-08-07 13:52 | Report Abuse

What a boring day ?

Posted by eye2eye > 2020-08-07 14:43 | Report Abuse

gold related counters are roaring high

Posted by eye2eye > 2020-08-07 14:44 | Report Abuse

Perhaps, nextweek KAREX turn to fly high ... :)

Posted by clp72 > 2020-08-07 15:24 | Report Abuse

yup.. all within 10 mins... crazy

Posted by WenlinC > 2020-08-07 15:57 | Report Abuse

Why they want do that ?

Posted by pennywise2308 > 2020-08-07 16:09 | Report Abuse

Seems like someone is orchestrating..i say patience

Posted by clp72 > 2020-08-07 16:38 | Report Abuse

some peole would call that distribution...

Posted by WenlinC > 2020-08-07 16:41 | Report Abuse

KAREX game over ! Bye bye

Posted by DY6969 > 2020-08-07 17:09 | Report Abuse

Next Mon hopefully will shoot up again from 1.02 to 1.23 again

Posted by Burdoc > 2020-08-07 17:53 | Report Abuse

if game over already drop 20 - 30%....

Posted by Genesis4 > 2020-08-07 18:23 | Report Abuse

Agree burdoc. Sincse last nigh star news mention about karex and so far the director cannot be contacted. By last night and today it should drop back below rm1 level.

Posted by ohmyheart > 2020-08-07 21:44 | Report Abuse

It is worth to keep it as a long term investment since the research on the internet claimed that the demand of condom is expected to grow till 2025?

Sifu, please advice.

Posted by Cupcakes69 > 2020-08-07 22:15 | Report Abuse

Lot's of things will grow till 2025. It's been growing these past few years too but Karex is still making loses because it made bad investments trying to beat the real king of condom, Durex (Reckitt Benkiser). With bad financial performance and less than 1% dividend, I'm sure there must be better options.

Posted by Cupcakes69 > 2020-08-07 22:23 | Report Abuse

Before someone says Karex makes condoms for Durex, Karex only supplied 1% of Durex condoms recently. Actually, up until 2011, at least 50% of Durex condoms were supplied from India.

Posted by honda1980 > 2020-08-07 23:14 | Report Abuse

so is the rumour true that they are venturing in gloves?

Posted by Cupcakes69 > 2020-08-07 23:55 | Report Abuse

Yes..........jkjkjk.

Posted by Cupcakes69 > 2020-08-07 23:59 | Report Abuse

But this speculation-driven rally might still continue tho. I don't see any reason why it would stop now. Especially when the 4th quarterly report is still 3 weeks away. So you might still have time to gamble your money in BURSA CASINO.

Posted by BZai727 > 2020-08-08 10:18 | Report Abuse

Why no one goreng this counter?

Posted by Silly_money > 2020-08-08 14:14 | Report Abuse

CEO has mentioned in the video, they were impacted by the Lockdown with higher production cost, Karex couldn't meet delivery target for Q2

Posted by BZai727 > 2020-08-08 15:03 | Report Abuse

Are they going in glove industry?

Posted by Tryingtogetrich > 2020-08-08 16:55 | Report Abuse

Good for long term investment. They obviously know how to produce condom at a very low cost if not they won’t be the biggest producer in the WORLD. They r changing form an OEM producer to an OBM producer which is the absolute right thing to do. Strategy of a Low cost mass producer Is a sunset strategy. Look at the glove industry ..... they r Also trying to Change like Karex.
Check out ONE brand and myone condoms. Karex has in the last 6-8 months gone into Indonesia, Thailand, singapore and Vietnam. There will be a gestational period. In 1-2 years I foresee it doing well.