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
73.39%News and Blogs
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
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
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
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
jio here dy, oxygen supply shortage is indeed the next theme
monitor BIG, potential LU today
2021-07-16 09:41
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
Hoseh Liao, now can cross states, everyone go travel, stay at hotel, do thing they love, domdom sale up
2021-10-10 18:17
all glove share moving except karex. If not mistaken Karex also produce nitrile gloves.
2021-11-15 12:02
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
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
MRPMA Coffee Break Session with CEO of Karex Berhad: https://www.facebook.com/MYMRPMA/photos/a.123155413262970/233997495512...
2021-12-10 10:33
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
https://archive.is/20220110041954/https://www.bloomberg.com/news/artic... 40% drop in condom usage/sales for Karex
2022-01-10 18:49
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
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
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
No analyst will cover this type of news haha. Because in such a secular country, cannot talk about abortion haha
3 weeks ago
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
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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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