Karex is family business. I believe they play the account to withdraw money out for family use to cover other businesses outside. Now is Pandemics period, no surprises cash is needed to cover many lobang or even personal use. Big family members need to eat and jaga.
SOLD 72% of the Karex that I doggedly averaged down from my first purchase @ 1.24 all the way down to the low 0.40s, from 74c all the way up to 80c this morning.
My average cost + commission is just over 73c =)
Didn't get top dollar when I exited my Karex position completely in August, BUT I'm so relieved to escape from this capital prison after a 3-year sentence lol!
That's not quite true, but I must admit I have been selling quite close to / at the TOP for many many counters in '20/'21...yet Karex is not one of them. The highest price I got was 1.17 but most of my shares went out just under 80c
Karex is facing a temporary erectile dysfunction due to the stress created by this pandemic. Karex will “re-erect” due to the pent-up demand especially in the sex tourism industry once herd immunity is achieved. Can't see condoms consumption back to the pre-pandemic level anytime soon but the catheters and the new glove business are literally working hand-in-glove to bring in the profits in time to come. The management appears a bit laid-back, so don't expect anything explosive.
I dont think so, I remember Karex used internal funds for their glove venture
The thing is they spent 40 mil just for 2 lines as they dont have the economies of scale soo ye the quick decline in ASP is smtg to look out for perhaps
"At the initial stage, Karex intends to set up two production lines within 12 months from the date of this announcement that 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.
For Phase 1, Karex will require a total estimated capital expenditure of RM40 million which will be funded through a combination of internally generated funds and/or bank borrowings."
SOLD 72% of the Karex that I doggedly averaged down from my first purchase @ 1.24 all the way down to the low 0.40s, from 74c all the way up to 80c this morning.
My average cost + commission is just over 73c =)
Bought back Karex @ 47-47.5c today...recommended 2 clients for the last 2 weeks.
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....
Sipektuaki
279 posts
Posted by Sipektuaki > 2021-05-25 14:48 | Report Abuse
Lelong kikiki