KAREX can profit 50,000,000 if based IB assumptions for MS
KAREX wil hit before MS
Kenanga assumes ASPs of US$55 per 1,000 gloves and have conservatively assumed Mah Sing to only sell its first batch of gloves in July 21 due to potential teething issues.
It has also made a conservative cost assumption of US$30 per 1,000 gloves as compared to Mah Sing's guidance for US$25-27 per 1,000 gloves as the latter may have to pay premiums to obtain part supplies amid a shortage.
Agree with @Orlando, 50 mil estimated profit is preety conservative as they are only assuming cost per 1000 as $30. Hold on tight and be rewarded. However selling queue seem to be of considerable big quantities though little sellers
Tis is wat makes me confident on KAREX over MS n other wannabes
30 years!!!!!
Karex is aiming to leverage on its expertise and experience of more than 30 years in the medical device manufacturing sector to embark on the Manufacture and Sale of Gloves.
Experience with regards to obtaining international medical registrations, rubber dipping technology as well as dealing with suppliers and customers from the healthcare industry is expected to enable Karex to quickly establish a foothold within the glove industry.
Mah Sing the property developer venture into gloves. Share price shoot up from 0.6+ to 1.47 Karex world largest condom maker involve in rubber industry for more than 30 years and venture into gloves in their Thailand plant, with no issue of forced labor in Thailand, unlike Malaysia gloves being banned by US. Share price now 0.8+ Investors WAKE UP I repeat. WAKE UP!!!
mahsing management team is much better than karex, I guess. otherwise, karex should be moving far ahead of mahsing and can beat any small 4. Karex has all ready facilities and experiences that required for gloves yet till now also has no good news on profit from gloves production.
mah sing announce venture into glove,share fly up.. karex also venturing into glove, the share hasnt fly up as much as mahsing yet... and karex has a lot of more experience in manufacturing and supply chain of rubber related products :)
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Orlando
4,909 posts
Posted by Orlando > 2020-10-19 10:57 | Report Abuse
Karex strong like me
All natural not artificial