Posted by Tryingtogetrich > 2020-08-08 16:56 | Report Abuse

There r not many companies in Malaysia that can claim it’s the biggest in the WORLD

Posted by Cupcakes69 > 2020-08-08 17:46 | Report Abuse

@Tryingtogetrich

I used to be optimistic about their OBM segment too. But unfortunately, that segment is not yet profitable because it has yet to reach scale. And it seems like it might never will. ONE brand condom is the 2nd most popular brand in Malaysia. Sounds good, but remember, Malaysia is a small market. Their gains here won't be enough to offset the high marketing cost involved in building their brand. That's why their profit margin is still ultra low.

At the moment, there seems to be no indication that their sales in indonesia, singapore, thailand and vietnam is doing well. Even Durex reported experiencing lower sales now due to the pandemic because people are no longer socialising enough to encourage more sexual encounters.

Also, people in conservative countries tend to buy their condoms online now because of stigma. If you look at lazada or shopee for singapore, vietnam, and thailand, etc. It's quite hard to find ONE Brand condoms unless you go deep into the websites.
So it's quite unlikely that people are going to buy Karex condoms online.

Posted by Cupcakes69 > 2020-08-08 17:55 | Report Abuse

"There will be a gestational period. In 1-2 years I foresee it doing well."

Take note that they don't have much time left. Their OBM segment is being supported by cash flow from their profitable tender segment. But this segment is declining. According to Karex CEO himself:

"...tender pricing has declined by about a fifth in the past few years from its peak, resulting in significant margin erosion in the tender segment because condom budgets have been cut by European governments and the US.

' would say that from the peak, it has probably dropped about 20%.' ..."

Now this was before the pandemic in 2019. With the pandemic, it's likely the tender segment will deteriorate further as governments will allocate resources to mitigate their declining economic situation and health care cost instead of helping other countries to prevent HIV. So without this cash flow, they will have a lot of trouble supporting their OBM segment. It's just bad luck.

Posted by about time > 2020-08-08 21:06 | Report Abuse

@cupcake69, what’s your personal view of Karex? Will the price go up further? I have been holding it since April this year..

Posted by BZai727 > 2020-08-08 21:37 | Report Abuse

Big boys are coming in on Monday afternoon. Get yourself ready :-)

Posted by Cupcakes69 > 2020-08-08 21:49 | Report Abuse

But definitely don't hold for the long-term. Karex is not an investment grade stocks. It's fundamentals look pretty bleak.

Posted by BZai727 > 2020-08-08 22:22 | Report Abuse

Karex is targeted by big boys next week. You will see by the volume.

Posted by about time > 2020-08-08 22:49 | Report Abuse

@BZai727 Really? Source?

Posted by BZai727 > 2020-08-09 11:54 | Report Abuse

Believe it or not? Up to you :-) your choice.

Posted by Genesis4 > 2020-08-09 11:59 | Report Abuse

Bzai these kind of info is like playing in casino, big and small. 50/50 chance.

Posted by about time > 2020-08-09 11:59 | Report Abuse

I m still holding..

Posted by about time > 2020-08-09 12:03 | Report Abuse

@Bzai727, r u saying that the big boys are going to goreng karex and poh Kong on Monday afternoon? Because u also said so in Poh Kong

Posted by Alistino G > 2020-08-09 12:29 | Report Abuse

Do they have the capacity to produce gloves too. I think they do....

Posted by BZai727 > 2020-08-09 13:26 | Report Abuse

Haha u will see by volume tomorrow

Posted by SweetNovember > 2020-08-09 14:43 | Report Abuse

Karex limit up x 2

Posted by Cyrogx6 > 2020-08-09 23:18 | Report Abuse

Volume tomorrow all to supermax
glove rubber counter will take profit
Sentiment will be good ? i doubt so
until supermax show good QR, All other counter will start goreng pisang

Posted by clp72 > 2020-08-10 09:17 | Report Abuse

not a very good morning unfortuantely

Posted by SERIOUSLEARNER > 2020-08-10 09:40 | Report Abuse

i think he mean by volume down. not up.hahaha

Posted by clp72 > 2020-08-10 09:56 | Report Abuse

correct la, they goreng down

Posted by cscool > 2020-08-10 10:28 | Report Abuse

karex will drop below rm0.80 soon

Posted by Giantbaby > 2020-08-10 10:36 | Report Abuse

all glove counters drop, not only Karex. Even last week limit up shares counters also drop like shit today..

Posted by MaYun > 2020-08-10 10:41 | Report Abuse

phew !

Posted by JasperT > 2020-08-10 11:47 | Report Abuse

buy buy buy

Posted by DY6969 > 2020-08-10 11:50 | Report Abuse

Heard again news they going to enter glove sector... Going to be 1.80-2.00 soon

Posted by Shark88 > 2020-08-10 11:58 | Report Abuse

Going to glove announcement soon, let ride on it.

Posted by DY6969 > 2020-08-10 11:58 | Report Abuse

I no spread, I just share, I said I heard but not official

Posted by DY6969 > 2020-08-10 12:16 | Report Abuse

Look like gang push up price soon.... Ready go

Posted by Cyrogx6 > 2020-08-10 12:53 | Report Abuse

Follow the big 4 glove counter
V shape for TG, Kossan, Supermax
V shape also for Karex

Posted by Giantbaby > 2020-08-10 14:08 | Report Abuse

Just keep and hold till QR release

Posted by Cyrogx6 > 2020-08-10 14:33 | Report Abuse

WenlinC u holding karex ?

Posted by Cyrogx6 > 2020-08-10 14:54 | Report Abuse

its ok, can go agm and shoot karex + free durian condom

Posted by Giantbaby > 2020-08-10 14:57 | Report Abuse

Cyrogx6 is free super ring condom now haha

Posted by clp72 > 2020-08-10 15:15 | Report Abuse

and the dumping starts

Posted by Giantbaby > 2020-08-10 15:26 | Report Abuse

chillpill2020 what is the support line?

Posted by shawn88 > 2020-08-10 15:47 | Report Abuse

ngo cut condom order ... ?

Posted by cscool > 2020-08-10 15:57 | Report Abuse

I think QR out also unable to support current price.

Posted by hopestar > 2020-08-10 16:48 | Report Abuse

why drop so much!

Posted by MaYun > 2020-08-10 17:19 | Report Abuse

phew.... 25% sold at 95s and 50% at sold at 1.15 and keep 25% to show my support for Mr. MK Goh. Hopefully, we can see some light at the end of the tunnel in coming QR report.

Posted by MaYun > 2020-08-10 17:20 | Report Abuse

& maybe I will top up again if good QR reported.

Posted by dompeilee > 2020-08-10 19:24 | Report Abuse

It's becoming clear that Karex is yet another share ramp operation. Thanks, operators for helping me sell off some lots @ 1.20 - 1.21! =)

Posted by Diving > 2020-08-10 20:10 | Report Abuse

Okla.. Madam Goh Yin buying 300k on 6 Aug 2020..

Posted by blood7 > 2020-08-10 23:39 | Report Abuse

ok 40sen bought, 50sen bought, 60sen bought, above rm1 also buy.... hmm, what's cooking?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3076053

Posted by Shark88 > 2020-08-11 10:06 | Report Abuse

Their surname all Goh, seem to be a family business, if Madam Goh Yin buy in at 1.1 means that something must be cooking

Posted by blood7 > 2020-08-11 10:28 | Report Abuse

she bought on 29 & 30/07 around 58sen then 2 days later shoot up Rm1.2+, then she bought again 06/08 at average rm1.1+......

i hope it's business turnaround, sanitizer, big contracts or something.... NOT gloves, please......

Posted by pewpew > 2020-08-11 11:57 | Report Abuse

is this gonna turn around ? or CL ?

Posted by fishballsoup > 2020-08-11 14:59 | Report Abuse

throw or buy in?

Posted by clp72 > 2020-08-11 15:12 | Report Abuse

better run first...

Posted by clp72 > 2020-08-11 15:19 | Report Abuse

yeah, no buy volume at all...

Posted by yingzhe17 > 2020-08-11 16:10 | Report Abuse

Macau boss going into this counter soon

Posted by dompeilee > 2020-08-11 17:06 | Report Abuse

No fundamental biz changes...simply goreng only...the chart is so obvious!