Posted by wallstreetrookieNEW > 2022-12-19 10:12 | Report Abuse

I would add more Karex shares if it dips below RM0.70. Add on weakness

Posted by wallstreetrookieNEW > 2022-12-19 15:22 | Report Abuse

Walter Aw is about to upgrade his price target. Haha just wait

Posted by wallstreetrookieNEW > 2022-12-19 15:22 | Report Abuse

Walter Aw, RM0.90 okay? Go go go

Posted by wallstreetrookieNEW > 2022-12-19 15:25 | Report Abuse

Key Catalysts for Traders and Investors:
1. US Supreme Court decision Roe v Wade to spur an uptick in condom usage (NA and EMEA region)
2. Recent fall of freight rates as well as raw material costs such as rubber and silicone oil (been a major concern due to supply chain issues since Q2 FY20). This will greatly reduce distribution expenses, manufacturing costs. Likely to contribute towards at least ~8% of their net profits in FY23
3. Consolidation of major industry players such as Reckitt Benkinser and more to contribute towards market share growth for Karex
4. High management confidence as reflected in previous briefing and earning calls. The chairman is very confident about the company outlook moving forward. Utilization rate has already improved signficantly
5. The company is actively putting CAPEX into improving production capacity for other alternative products apart from its core product. (The Edge: The planned RM40 million glove manufacturing facility was announced in August 2020, during the height of the Covid-19 pandemic. The factory is located in Hatyai, Thailand, with a planned capacity of up to 2.5 billion pieces annually.)
6. No need to raise equity or share issuance to pay debt. Cash position looks good and balance sheet remains healthy despite heavy investments.
7. Strong macroeconomic support. The healthcare sector is generally resistant against any form of economic downturn.

This will be another high conviction play like Kawan Food. No short-term trade for me, at least 6 month hold

Posted by wallstreetrookieNEW > 2022-12-19 15:27 | Report Abuse

Walter AW
It is time to upgrade your price target. Support

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

Walter AW will upgrade his price target. My man wants his bonus

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

CGS-CIMB will raise his bonus for next year. But he has to raise his price target

Posted by wallstreetrookieNEW > 2022-12-21 14:51 | Report Abuse

Come on, Walter AW. Upgrade to RM1.20

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

This company is worth 2x NTA

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Help our brother, Walter AW get his bonus. Push

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Hold steady haha

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Karex Net Profit: RM2.2 million
Top Glove Net Profit: (RM157.6 million)
Karex Market Cap: RM 700 million
Top Glove Market Cap: RM 7,000 million

Too cheap

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Australian Dollar to Malaysian Ringgit: 2.99

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Both are cheap honestly. But Karex is much cheaper

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

@greatwall yes. You think insiders keep buying up to RM0.70+ for nothing? Not just CEO bought, his entire family bought already. Not just one account, across many CDS and nominee account as well as proxy. If you still wait on the sidelines, you will miss out. One price target upgrade from Walter AW, we fly again

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

This stock is not only supported by fundamentals, the technical setup is absolutely perfect. Karex Berhad was recently featured on The Edge hard-copy newspaper. All the sell-side analysts LOVE this stock. Buy-side is not done buying yet. Recession-proof companies will still remain attractive in the next few quarters moving forward (Global recession will not be FULLY priced in until Q3 2023 at least).

Posted by gohkimhock > 2 months ago | Report Abuse

I have gone raw!

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Hold until Q3 2023. Scared money don't make no money

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

i3investor Best Call Award - Walter AW
Who cares about The Edge Best Call Award.
Walter AW is the best analyst in my heart.
My Man Deserves his Bonus
Give him 24-month bonus

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

this guy helped me make a lot of money this quarter

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Walter AW Best Call 2023. I am still holding Karex

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Topped up more shares

Posted by TreeTopView > 2 months ago | Report Abuse

@wallstreetrookieNEW, you got your wish, CGS-CIMB Research have came out with an updated report and new price target.

"CGS-CIMB Research raised its FY23-FY25 to account for higher ASPs, better production output, and margin expansion from lower input costs. 

The research firm reiterates an 'Add' call for Karex with a target price raised to RM0.96."

Full news report here:
https://www.klsescreener.com/v2/news/view/1092631/karex-to-benefit-from-strong-global-demand-for-condoms-growing-tailwinds-from-favourable-operating-environment

I took a relatively small position in Karex on the last day before the Christmas break at 68.5 cents, purely on technical analysis. My target is 82 cents (on technicals) but will monitor it as to whether it does or doesn't get within that price target, to either hold or sell.

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Holding so Walter Aw can get his bonus. Let's go

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Thanks for upgrading price target for Karex

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Karex is on my top picks 2023 list.

https://klse.i3investor.com/web/blog/detail/wsr1245/2023-01-04-story-h-301958316-wallstreetrookie_s_Top_Picks_2023

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

This will probably be my last comment on Karex forum. I will stop talking about this stock for now since I have finished accumulating

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Good luck to all investors

Posted by wallstreetrookieNEW > 2 months ago | Report Abuse

Walter Aw, you the best

Posted by Income > 2 months ago | Report Abuse

Some mustang only want karex to get free condominium pictures printed on the boxes. Birdie mustang is faster changing condominiums pictures on the boxes. You all know what is free inside the boxes. Haha

Posted by Income > 2 months ago | Report Abuse

Karex = over value. Stay far

Posted by Income > 2 months ago | Report Abuse

Mustang, your Ular kirim salam to you. Ular said don’t want your FOC condomm

Posted by ctooi51 > 2 months ago | Report Abuse

Sold.. Bye2.. @.825..come back in march..

Posted by ctooi51 > 2 months ago | Report Abuse

Pretty sure it is for CNY angpow..

Posted by ctooi51 > 2 months ago | Report Abuse

Sub stn 0.85 under maintenance.. redirect to sub stn 0.83

Posted by ctooi51 > 1 month ago | Report Abuse

Buy buy cheap cheap

Posted by ctooi51 > 1 month ago | Report Abuse

Alamak

Posted by gogogolee > 1 month ago | Report Abuse

back below 0.5

Posted by churrosnight > 1 month ago | Report Abuse

Roti telur tmr

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Haha

Posted by Income > 1 month ago | Report Abuse

You don’t have at 80 plus floors.
The lifts are broken.
Now must Bungee jumping from 80 floors to???
Be my guest

Posted by fregend > 1 month ago | Report Abuse

Valentines coming buy more karex

Posted by speakup > 1 month ago | Report Abuse

this is a F**king company
literally :-)

Posted by ctooi51 > 1 month ago | Report Abuse

Alamak looks like have to cut loss now

before further bleeding

Posted by Income > 1 month ago | Report Abuse

Yes, only Mustang knows… using for AhMoing. Mustang activities lah. You know, I know lah.

Posted by speakup > 18 hours ago | Report Abuse

this is a F**king company
literally :-)

Posted by Income > 1 month ago | Report Abuse

Economy no good, people less using Karex. Can’t focus. No mood. Hormones drained. Money problems. Business problems. Kids ask for money. So many chains of problems arising. So Karex usage only little bit lah.

Posted by Income > 1 month ago | Report Abuse

Economy is good.
More people using Karex. People Can focus activities . More mood for activities. Hormones increasing. No Money problems. No Business problems. Kids getting more money. So many chains of problems solved. So Karex usage A LOT lah.

Posted by Income > 1 month ago | Report Abuse

Karex activities very simple. Just base on my writings above. Very simple activities.

Posted by Income > 1 month ago | Report Abuse

But Mustang seeing my fake Wife only. Shhhh, he doesn’t know about it. Haha

Posted by Income > 1 month ago | Report Abuse

Haha.
Mustang seeing my Fake Wife. Haha.