KAREX BERHAD

KLSE (MYR): KAREX (5247)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.86

Today's Change

-0.01 (1.15%)

Day's Change

0.85 - 0.88

Trading Volume

1,094,300

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.86

Avg Target Price

0.95

Upside/Downside

+0.09 (10.47%)

Price Call

0

SELL

0

HOLD

4

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
32 people like this. Showing 50 of 11,886 comments

Vhydro

ChloeTai, you got support Karex by buying condom to use onot?

2023-11-15 21:56

ChloeTai

KAREX (KAREX, 5247, main board consumer stock) closed at 67 sen on 16 November 2023

The daily chart trend of Karex may show a rebound trend, and it may moves upward towards the target price of 72 sen.

We are now waiting for its 1st results, on the day where its AGM is held, on 27 November 2023.

2023-11-17 10:34

ChloeTai

Today 20 Nov 2023, one whole day of red (-0.01) at RM0.695 due to overbought position.

2023-11-20 18:02

xiaoeh

Why Karex so strong ha? From $0.565shoot up to$0.650 within 2 weeks time?
Any news?

2023-11-20 18:10

ChloeTai

@xiaoeh, all glove counters are turning around. From negative earnings to positive earnings. Karex is following the gloves stocks. The 1st quarter results will be released next Monday. Expected target price is RM0.72.

2023-11-20 18:47

xiaoeh

Oic...
Thanks Chloe

2023-11-20 19:25

ChloeTai

Still manage to turn from -0.005 to +0.010 and closed at RM0.705. The AGM and 1st quarter results are on next Monday (27 Nov 2023). The target price still maintains at RM0.72.

2023-11-21 17:04

ChloeTai

By the end of the first half of the financial year 2024 (28 Feb 2024), the FDA (Food and Drug Administration) of US should have approved the new 001 condoms to be exported to US. The price of Karex will move north.

2023-11-21 17:08

ChloeTai

Sold all at RM0.690 and RM0.685. Got to follow the bears. I shifted to poultry counter LHI (Lay Hong International).

2023-11-22 19:13

xiaoeh

Good exit point in technical term Chloe.
Lay Hong Bhd bro.

2023-11-22 22:09

Tryingtogetrich

001 condoms are by karex? I thought there are by Okamoto. One condom released a Graphene condom 1 month ago is US

2023-11-24 15:38

ChloeTai

Very good 1st quarter results. Next Monday should rebound with high volume.

2023-11-24 18:59

Ayong21

Don't forget to go supermarket to buy couple more to support.

2023-11-24 23:43

xiaoeh

Posted by xiaoeh > 4 days ago | Report Abuse
Good exit point in technical term Chloe.

Walao...
my technical got a lot of rooms to improve

2023-11-27 21:36

cheoky

won big tender?

2023-12-03 22:13

GalGadot

Dropped again....hahaaa

2024-01-03 17:18

TiffanixLVxHermes

in my watchlist
still expensive to accumulate
waiting @ 0.60-0.65 :)

2 months ago

ocbc

Bought it , AGM got free gift

2 months ago

speakup

Condom lah

2 months ago

speakup

Young man young woman like Karex bcoz can get free condom at AGM

2 months ago

ocbc

😆

2 months ago

ChloeTai

I went in today (2 Feb 2024). There is nothing much that I could do now. Just wait until end of February to see whether its quarter results is good enough or not. Bears are in full control now.

2 months ago

ChloeTai

From a sleepy counter, become an active counter. Don't know what to expect.

2 months ago

ChloeTai

Went down to as low as RM0.76, can manipulate to close at RM0.78.

2 months ago

ChloeTai

The long tail below the body is indicative of sellers trying to push the price down by a significant amount but the buyers manage to push it back up. The buyers do this to show a definitive buying strength which will lead to an increase in price, going forward.

2 months ago

ChloeTai

Kenanga's target price suddenly change from RM0.78 to RM1.00.

2 months ago

speakup

Karex biz improve? More ppl f-a-r-k-i-n-g?

2 months ago

TiffanixLVxHermes

wasted
look for cheap now even more expensive
good stuff won't get cheap
it happened many times 😂

2 months ago

ChloeTai

KAREX is riding on the strong growth in the condom industry, focusing on high-margin products which will take its profitability to a higher level. It is penetrating high-growth markets with premium offerings backed by innovation and strict compliance with international standards. We project its earnings to double in FY24, followed by another 88% surge in FY25. We initial coverage on KAREX with an OUTPERFORM rating and a TP of RM1.00.

Kenanga Research

2 months ago

ChloeTai

Read and listen to the words from Karex CEO. "Karex pivots beyond latex condoms". Results have been better quarter over quarter for 5 consecutive quarters. He said 26 Feb 2024 will also be better than the previous quarter. New products are lubricant and gloves.

1 month ago

ChloeTai

The blog is at above.

1 month ago

ChloeTai

Please understand that RM0.87 at this moment is not Karex all time high. Its all time high was RM3.10 on 11.3.2016. It is unlike Sunway, MBMR, HUMEIND, etc.

1 month ago

ChloeTai

Still thinking very hard whether or not I should bet on Karex next Monday, with its 2nd quarter results after 5 pm. Now 0.835 and the highest 0.87.

1 month ago

ChloeTai

Very, very good 2nd quarter results:

PAT 2nd quarter FY 2024: RM7,324 mil [compared to PAT 2nd quarter FY2023: RM2,025 million, which is an increased of 262% YoY]

PAT 2nd quarter FY 2024: RM7,324 mil [compared to PAT 1st quarter FY2024: RM5,256 million, which is an increased of 39% QoQ]

Hopefully, the operator will help to break the 52-week ATH of RM0.87, starting 27 Feb 2024

1 month ago

cheoky

buy one nasi lemak flavor condom and use tonight. support local manufacturer

1 month ago

wallstreetrookieNEW

The heyday of being the sole and top condom manufacturer in Malaysia is over for Karex Bhd. I used to own a significant number of Karex shares, but it saddens me that the management has failed to turn the company around even after many years. I don't believe Karex will recover to its previous highs

1 month ago

wallstreetrookieNEW

Agree with Kenanga's analyst with regards to the emphasis on improving margins by the company. However, the focus on premium products is not really feasible cause condom users do not place much importance on the actual quality of the products compared to other consumer staples.
There is no way for the company to bring the sales volume/total sales back to 2016 levels because the competition within the condom market is surging. Despite the recent introduction of abortion laws in the US, there isn't any significant uptick in sales for the US market which is a bit disappointing.

However, there still remains a few tailwinds for the condom market and near-term catalysts for Karex. Such as weaker Ringgit, and the stabilisation of raw material/labour cost. And the diversification/venture into gloves and lubricant products, on top of the company's healthy balance sheet.

My mid-term PT is about RM0.90

1 month ago

Diving

不管怎样看都觉得股价会升

可是怎么就是一直升不上去?
跌跌不休?

1 month ago

investor2011

@Diving 现在生活压力大,环境污染-想生都生不出,还要用套套?

1 month ago

pang72

Consolidation shall finished..
$1.06 kenanga target coming..
KAREX is the largest condom Mfg in the world..
It need to reflect its strength but not below $1 penny world class

2 weeks ago

pang72

Steady condom

2 weeks ago

pang72

Everyone need you every night mah...
How can you so cheap

2 weeks ago

pang72

Yes! Uptrend continue

1 week ago

pang72

Lailiao huuu

1 week ago

pang72

84.5c wei

1 week ago

pang72

87c liao... Wei...

1 week ago

s466466

90c....

5 days ago

Bernice Yap

1 days show

4 days ago

Post a Comment