KAREX BERHAD

KLSE (MYR): KAREX (5247)

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Last Price

0.395

Today's Change

0.00 (0.00%)

Day's Change

0.395 - 0.40

Trading Volume

460,100

Overview

Market Cap

416 Million

NOSH

1,053 Million

Avg Volume (4 weeks)

473,137

4 Weeks Range

0.36 - 0.405

4 Weeks Price Volatility (%)

77.78%

52 Weeks Range

0.325 - 0.595

52 Weeks Price Volatility (%)

25.93%

Previous Close

0.395

Open

0.395

Bid

0.395 x 70,000

Ask

0.40 x 378,500

Day's Range

0.395 - 0.40

Trading Volume

460,100

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#3] | 27-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 29-Sep-2022

T4Q P/E | EY

-52.75 | -1.90%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.44 | 0.90

T4Q NP Margin | ROE

-1.94% | -1.70%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: PERSONAL GOODS

Subsector: PERSONAL GOODS

Description:

Karex Bhd is a Malaysia-based company that is principally engaged in manufacturing and selling condoms, sterile catheters, latex probe covers, lubricating jelly, latex sleeve, rubber finger gloves, hand gloves, and other rubber products. The company operates business through a number of subsidiaries based in Malaysia, Thailand, Hong Kong, the United States, and Europe. The company generates the majority of its revenue from the condoms business. The company has a presence in Asia, Africa, the Americas, and Europe, with overseas markets accounting for most of its total revenue.

Discussions
31 people like this. Showing 50 of 11,665 comments

MoneyShow3

Glove ASP down and seems like there could be impact to karex. Low of the year not tested, perhaps 40sen..did they borrow for the glove investment?

2021-07-06 01:03

steadylahbro

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

2021-07-07 08:56

steadylahbro

Regarding my comment above:

"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."

https://www.malaymail.com/news/money/2020/08/24/karex-to-manufacture-u...

2021-07-08 00:32

dompeilee

Wah...in the 40s already ah? Waterfall on the chart somemore! lol

2021-07-09 08:05

tctctc

all the glove counter likely to be a value trap

secondly, ask yourself
1. how long you never buy condom
2. are you going to buy a box after covid

2021-07-13 16:52

drken91

oxygen supply shortage will be the next theme

2021-07-13 16:54

drken91

jio here dy, oxygen supply shortage is indeed the next theme

monitor BIG, potential LU today

2021-07-16 09:41

10KaDay

lousy company. every day down. useless owner

2021-08-02 16:33

xiaoGinna6969

Hmmm is this business undervalued?

2021-08-09 14:54

xiaoGinna6969

@tctctc tak da bini cam mana nak guna kondom?

2021-08-09 14:54

stevenckheng

people buying condom from taobao china

2021-08-24 14:13

jamestecs

Taobao china condom made in Malaysia.

2021-08-27 10:50

shawn88

qr not yet?

2021-09-01 12:06

steadylahbro

Seems like not yet, I tink maybe within this week by Friday

2021-09-01 17:04

dompeilee

Posted by dompeilee > Aug 4, 2020 11:35 AM

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.

2021-09-02 15:14

pushparaj

Hopefully with good profit and dividend declaration.

2021-09-02 19:01

dompeilee

Karex MOOOOoooving =)

2021-09-03 15:11

pushparaj

Momentum is good, the past 2 days. Resistance support at 55cent expected

2021-09-04 19:41

JohnFook

Condom taking over glove....flyyyyyyyy

2021-09-05 16:25

Diving

Why karex qr not out yet? Thought should out in Aug?

2021-09-10 11:37

Killsthebear

too busy shiok sendiri until forgot QR?

2021-09-21 14:56

The_JQuestion

how come lose money MCO no condom sales ah

2021-09-30 09:39

DawscpJ

why karex so cham ???

2021-10-07 12:24

Thomask

Hoseh Liao, now can cross states, everyone go travel, stay at hotel, do thing they love, domdom sale up

2021-10-10 18:17

shpg22

All practice bukkake d. Nobody wear condom nowaday.

2021-10-28 17:43

CHHu

No volume...

2021-11-02 14:15

unomi12

all glove share moving except karex. If not mistaken Karex also produce nitrile gloves.

2021-11-15 12:02

CHHu

Karex will roll out new material condom soon. Perhaps will be Nitrile condom? Also expect glove revenue contribution as early as March 2022.

2021-11-30 05:15

JohnFook

Post removed.Why?

2021-12-06 21:11

JohnFook

Post removed.Why?

2021-12-06 21:12

CHHu

HLIB also ceased coverage....haiya

2021-12-07 16:09

JohnFook

Post removed.Why?

2021-12-07 18:43

Virgin_Share

John, you look so dumb commenting about MCO lmao, when over 90% of Karex revenue isn't contributed from Malaysian market

2021-12-08 11:01

JohnFook

Post removed.Why?

2021-12-09 13:53

tapestry

MRPMA Coffee Break Session with CEO of Karex Berhad: https://www.facebook.com/MYMRPMA/photos/a.123155413262970/233997495512...

2021-12-10 10:33

newbie8080

When world largest glove maker Topglove started producing condoms, Karex don't stand a chance in terms of capability to scale and operating margins.

2021-12-10 10:41

TreeTopView

Let's see if this forecasted upswing in demand in 2022 translates to higher revenues and profit over the next two or three quarters.

All the Covid related hurdles such as supply chain restraints and increased shipping costs have been very detrimental to their business model. If they have been able to rectify some of those issues and are also expecting an upswing in demand then there might be some hope for the company to improve its balance sheet throughout the year.

https://www.theedgemarkets.com/article/top-condom-maker-karex-sees-202...

2022-01-16 09:03

Fujisnow

coming QR will be good? con man.

2022-02-21 20:31

MaluNegaraKu

So many die due to covid - less human to use condom

2 months ago

MaluNegaraKu

When covid , all MCO , GRO also no job, no money buy condom

2 months ago

shawn88

康乐 最糟糕情况没过

1 month ago

wallstreetrookie

Roe v Wade court decision. US will ban abortion and thus need more condom imports from Malaysia. Obviously this is a bull case for this company since it is one of the biggest producers and has no ESG issues. Overweight on Karex

3 weeks ago

wallstreetrookie

Seriously, if Roe v Wade goes through in the US Supreme Court, condom demand will skyrocket. No Malaysian investor has discovered this yet. Good opportunity for speculation

3 weeks ago

wallstreetrookie

No analyst will cover this type of news haha. Because in such a secular country, cannot talk about abortion haha

3 weeks ago

wallstreetrookie

Karex is literally the biggest condom producer in the world. Condom sales projected to explode 10x if the court case Roe v Wade is overturned by SCOTUS

2 weeks ago

wallstreetrookie

Buy the rumour, Karex Berhad

2 weeks ago

The_JQuestion

hmm interesting topic money stuck in some stocks tho cant goreng HEHE

2 weeks ago

The_JQuestion

haiyo mcm glove counter suda dont touch

2 weeks ago

wallstreetrookie

In a defeat that was all but inevitable, Senate Democrats failed to advance legislation intended to protect abortion access nationwide even if the Supreme Court overturns Roe v. Wade.
NYT

2 weeks ago

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