Well said, member41. True Karex shareholders must b able to see its long term value. We must make short term sacrifices to reap its future value. Do u prefer 'roller-coaster' gains or sustainable gains? Surely it's d latter one, right? Then, we must persevere on and trust its management to continue doin a good job to create more value for d company in future.
guys n gals, ladies n gentlemen refer to ONLY 1 posting of mine at 21.57 on the 27/5 u shd now digest by what i meant its futile for karex till the volume comes, but when
its been 3 months since what i said but its not too late u want money but alas its not in karex BUY ECONBHD before its too late..
Aiyo.....company's is ok lor........shark accumulate shares mah......ding dong ....few times lor...... then kasi satu kali kaw kaw one lor.......shark not enuf shares on hand how to goreng up......aiyo....wait lor......if you think it is worth to wait lor..........trade on your own risk appetite lor......ha ha ha
Aiyo...Ant got Ann't luck...sure not ....follow you...can earn lui...like that wish you kasi luck olang follow you lor.....ding dong again......ha ha ha
Yes, good co & good results. So why panic n throw? Hold. Have confidence. Buy on weakness. Invest in good companies. This can't go on forever... All my other counters r shooting one by one... Kikik... Hopefully my luck will rub off to this ctr too! ;)
Published: Monday August 25, 2014 MYT 8:30:00 AM Updated: Monday August 25, 2014 MYT 8:33:43 AM CIMB Research retains Add rating for Karex
KUALA LUMPUR: CIMB Equities Research is maintaining its Add rating on Karex, with strong earnings growth and potential earnings upside from the proposed acquisition of Global Protection as re-rating catalysts.
It said on Monday Karex’s FY06/14 net profit was in line with its estimate (101% of our full-year forecast) and consensus forecast (102%).
The condom maker’s FY14 revenue increased 23.3% on-year, driven by the higher condom sales volume. Net profit jumped 55.6% on-year in FY14 due to higher economies of scale, better product mix, lower latex cost and lower effective tax rate.
“We keep our FY15-16 EPS forecasts and target price of RM3.38, based on 19 times CY15 P/E,” it said.
CIMB Research said Karex is on track to achieving production capacity of five billion pieces per annnum by FY15. Its new plant in Pontian Johor (capacity of four billion pieces of condoms per annum) is scheduled for completion in 1Q15 and the installation of production lines should start in 3Q15.
Once this factory is completed, the company has the option of moving capacity of two billion pieces from its old plant to the new plant or installing additional capacity of two billion pieces in the new plant.
“If installed, the additional capacity of two billion pieces would raise its target capacity of six billion pieces (as stated in its prospectus) to eight billion pieces.
“The new plant will comply with Green Building Index (GBI) standards. Thus, Karex expects the new plant’s energy consumption to be at least 20% lower than its existing standard plants.
“Recall that Karex proposed to acquire US-based Global Protection (GP) on Aug 8, 2014. We reiterate our positive view on the proposed acquisition,” it said.
CIMB Research said the acquisition would give Karex exclusive rights to distribute ONE brand condoms, enable it to capitalise on the marketing and distribution expertise of GP and venture into the distribution business in selected countries (difficult to penetrate with Karex’s in-house brands in the past).
As for GP, it would capitalise on Karex’s strong financial position to strengthen its marketing efforts and boost the image of its brandnames (which will, in turn, benefit Karex).
“While the financial impact is minimal for now given the smallish earnings from GP, higher contributions from OBM and lubricants which GP is strong in, will definitely boost Karex’s earnings in the long term,” said the research house.
agree with invester..low volume drop..i try asking people and right now still searching for any news..but no news at all..so can be assume the price will be up again.
Ant, can play contra mah...coming very strong, the way i see it. upward . wont fall below what it is now.... that's the way i see it. (disclamier: trade at yr own risk,of course!)
Any news why it continue drops? I think it has something to do with unstable geopolitical issue.. Foreign investors withdrawing their positions in bursa as seen in lower Ringgit/USD rate now
already a non-performer..people decided not to use condoms regularly bcoz where got syiok ma? so sales drop, so prices drop, so dont buy u good bros...i have been selling everytime the condom karex head emerges at the 2.95 to the 3.05 level...i only throw a little it then lembik so easily again..how many rounds already..now i wait again to throw..
cweed. i add on 10K @ 2.79 on last friday and though was low enough, then today... III :( so if you play contra with this counter sure die want... but i sure karex sure up after all the Call warrant Maturated, what to do,, wait for the new factory then you can see the supper rise.
tp. 5.0 end 2015, one more year to gain 80% why not, but who have that kind of patience.
so just hold if you can. the winner are belong to the truely investor.
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....
Johny Khong
921 posts
Posted by Johny Khong > 2014-08-23 22:18 | Report Abuse
Well said, member41. True Karex shareholders must b able to see its long term value. We must make short term sacrifices to reap its future value. Do u prefer 'roller-coaster' gains or sustainable gains? Surely it's d latter one, right? Then, we must persevere on and trust its management to continue doin a good job to create more value for d company in future.