Posted by damansaraeagle > 2020-08-25 09:28 | Report Abuse

fighting at 1.03 and 1.04

Posted by damansaraeagle > 2020-08-25 09:28 | Report Abuse

best price for you to enter now is 1.03, do not trust me , okay

Posted by metroview > 2020-08-25 09:29 | Report Abuse

today all the Glove company drop, karex too late venture in glove business............

Posted by pang72 > 2020-08-25 09:30 | Report Abuse

john1102 Haha.. I wish it up steadily.. Not like you small kid @pang72.. Said me is sohai and liar... You will not be a success man in yout life..i swear
25/08/2020 9:22 AM

SOHAI..

Posted by pang72 > 2020-08-25 09:31 | Report Abuse

Hold and wait

Posted by pang72 > 2020-08-25 09:31 | Report Abuse

Let's see who is ultimately winner

Posted by pang72 > 2020-08-25 09:31 | Report Abuse

Don't influence by noise

Posted by pang72 > 2020-08-25 09:32 | Report Abuse

Keep invest in good company

Posted by WallstreetBets > 2020-08-25 09:40 | Report Abuse

Buy in at 1.11 hope market will be kind today :D

Posted by fishballsoup > 2020-08-25 09:43 | Report Abuse

Why is it dropping and everyone is selling

Posted by WenlinC > 2020-08-25 09:47 | Report Abuse

Hai. So sad KAREX drop today.

Posted by Hotstuff > 2020-08-25 09:47 | Report Abuse

sell on news lor

Posted by WenlinC > 2020-08-25 09:49 | Report Abuse

If break RM1.00, i will sell too.

Posted by noobmaster069 > 2020-08-25 09:49 | Report Abuse

queuing below RM1 thanks to trump and putin

Posted by nich0las > 2020-08-25 09:50 | Report Abuse

Normal la, Sell on news ma. Buy in rumours ma. biasalah~

Posted by noobmaster069 > 2020-08-25 09:51 | Report Abuse

i think it will be few red candle before it raise back

Posted by damansaraeagle > 2020-08-25 09:51 | Report Abuse

press to 0.985

Posted by Opulent > 2020-08-25 09:53 | Report Abuse

I think everyone shd be quiet so as to avoid any insiders.

Posted by nich0las > 2020-08-25 09:53 | Report Abuse

Guys, prepared all your bullets! Get ready to collect low~

Posted by icecool > 2020-08-25 10:08 | Report Abuse

PE 4,531.97 hahaha

Posted by wkkht > 2020-08-25 10:13 | Report Abuse

habis。

Posted by Investation > 2020-08-25 10:15 | Report Abuse

Waiting for it to go up gradually. Definitely not within a short period of time.

Posted by fishballsoup > 2020-08-25 10:18 | Report Abuse

are you guys holding or selling already?

Posted by Investation > 2020-08-25 10:20 | Report Abuse

I'm holding plus collecting. Glove /medical products counter is qt potential

Posted by param1 > 2020-08-25 10:21 | Report Abuse

hold mow market all red ...sell if you made profit

Posted by Enilec Mak > 2020-08-25 10:28 | Report Abuse

sold all. thot it will go up but vaccine news are everywhere. AstraZeneca, Sinovac, Moderna, Oxford Uni....all is progressing well on the vaccine front...Darn. Thot today Karex will move up ....It's fate is ultimately bound to the rest of the glove counters...

Posted by Big3 > 2020-08-25 10:37 | Report Abuse

Buy now or regret later

Posted by Benplumber > 2020-08-25 10:50 | Report Abuse

Expectations open 1.30
And this week rm2...

But now rm1.
Aaaarggg Goliath

Posted by 3932 > 2020-08-25 11:00 | Report Abuse

25 August 2020

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Karex expands into glove-making business
Group will build a plant at its Thai subsidiary in Hat Yai, production to start within 12 months
PETALING JAYA: Karex Bhd is venturing into the manufacturing and sale of gloves through its wholly owned subsidiary Innolatex (Thailand) Limited (ITL).

The group plans to establish a new manufacturing facility to supplement its existing operations at ITL’s plant in Hat Yai, Thailand with an eventual planned capacity of up to 2.5 billion gloves annually.

“Karex intends to manufacture and sell medical gloves that are typically worn by healthcare professionals and workers in the medical field. The medical gloves are intended to be made from nitrile, natural rubber and any other new materials that may be developed by Karex’s research and development efforts,“ Karex said in a stock exchange filing yesterday.

ITL currently manufactures condoms, personal lubricants and other rubber products including catheters. The new manufacturing facility for the manufacturing of medical gloves will not affect the current prodcution capacity of ITL.

At the initial stage, Karex intends to set up two production lines within 12 months which is estimated to have a yearly production capacity of up to 500 million gloves (Phase 1) with the remaining production lines to be gradually set up over the course of the next 48 months.

The manufacture and sale of gloves is expected to commence commercial production within 12 months.

Karex will require a total estimated capital expenditure of RM40 million in Phase 1 which will be funded through a combination of internally generated funds and/or bank borrowings.

In addition, the manufacture and sale of gloves is expected to offer an additional complimentary line of products within Karex’s existing medical business segment that currently consists of catheters, ultrasonic probe covers, test kits and hand sanitisers.

Karex posted a net profit of RM1.43 million in its fourth quarter ended June 30, compared with a net loss of RM1.01 million a year ago, while revenue rose 3.9% to RM91.09 million from RM87.66 million sustained through an increased contribution from the sexual wellness segment.

For the full year period, its net profit was 11 times lower at RM228,000 from RM2.53 million a year ago, due to higher tax expenses, while revenue rose 4.4% to RM395.07 million from RM378.48 million.

Karex said the ongoing Covid-19 pandemic has presented a unique challenge to the sexual health and medical devices industries causing widespread disruptions to operations and supply chains. Along with the emphasis on social compliance, this has caused consolidation in the industry and a disruption to the supply of condoms globally.

“In spite of this, condoms remain an essential tool for family planning as well as preventing the spread of HIV and other sexually transmitted infections. The group remains confident that we are uniquely poised to overcome the aforementioned operation hurdles in order to take advantage of potential opportunities presented by the renewed global emphasis on hygiene and disease prevention.”

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Posted by Opulent > 2020-08-25 11:10 | Report Abuse

Game over

Posted by damansaraeagle > 2020-08-25 11:21 | Report Abuse

but the buyer overcomes the seller at 0.985 interestingly

Posted by damansaraeagle > 2020-08-25 11:30 | Report Abuse

ready guys , it is 0.995 now at 64 Million volume.

Posted by Opulent > 2020-08-25 11:31 | Report Abuse

Someone is buying up

Posted by damansaraeagle > 2020-08-25 11:32 | Report Abuse

RM1.00 but still red . Too many seller

Posted by damansaraeagle > 2020-08-25 11:38 | Report Abuse

climbing 1.02 but still in red. Slow but ok

Posted by damansaraeagle > 2020-08-25 11:53 | Report Abuse

[john1102 @daman, relax lah, dont act like @pang72.. haha] Yes, I am relax all right. I really worried to see strong buying , he he he . Anyway why are you so angry with @pang72. Relax john1102, is all in a day work.

Posted by Orlando > 2020-08-25 12:09 | Report Abuse

NOS 1,002,000,000

To hit RM 2.00 for mkt cap RM 2,004,000,000

Same PE 33x for gloves co

So need PAT RM 60,727,272

RM 60m PAT can hit or not?

Posted by Orlando > 2020-08-25 12:15 | Report Abuse

Wit high ASP if not mistaken big 4 hit RM 100m PAT in jz 1 mth

Posted by Orlando > 2020-08-25 12:22 | Report Abuse

Supermax clocked in RM 399.6m in its latest quarter

See properly in jz 1 quarter

RM 133m per mth

RM 44m per day

Posted by Orlando > 2020-08-25 12:23 | Report Abuse

So tis modest RM 60m per year KAREX can hit or not?

Posted by Orlando > 2020-08-25 12:25 | Report Abuse

TOP GLOVES clocked in 347.90m in its latest quarter

Posted by Orlando > 2020-08-25 12:27 | Report Abuse

RM 44m per day

RM 1.83m per hour

Posted by Orlando > 2020-08-25 12:29 | Report Abuse

Orlando So tis modest RM 60m per year KAREX can hit or not?

25/08/2020 12:23 PM

Posted by WallstreetBets > 2020-08-25 12:31 | Report Abuse

@pang72 why u run to PHARMA?

Posted by charlie1 > 2020-08-25 12:52 | Report Abuse

Today all gloves down in am session...Karex also casualty. But good time to buy if you believe there's a potential for upside later in the week & months ahead.

Posted by bigprice > 2020-08-25 13:23 | Report Abuse

Buy. Current price good to accumulate

Posted by Opulent > 2020-08-25 13:43 | Report Abuse

Have to console ourselves

Posted by Opulent > 2020-08-25 13:49 | Report Abuse

Half day of goreng may go up this afternoon

Posted by Opulent > 2020-08-25 13:58 | Report Abuse

Ha ha

Posted by WenlinC > 2020-08-25 14:05 | Report Abuse

I feel so sad today.