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Last Price Today's Change   Day's Range   Trading Volume
0.94   +0.085 (9.94%)  0.855 - 0.95  29,267,300
11,447 comment(s). Last comment by Lee Richard at Dec 4, 2020 5:25 PM
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zacchussien
35 posts

Posted by zacchussien > Aug 25, 2020 9:20 AM | Report Abuse

since so many people died, y want to use condom


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:20 AM | Report Abuse

Karex big rebound mari..


clp72
744 posts

Posted by clp72 > Aug 25, 2020 9:20 AM | Report Abuse

why you guys fighting, no one has a cryatal ball when it comes to KLSE ma... while it can get frustrating but the decision to buy is on your own


Stockhunter88
802 posts

Posted by Stockhunter88 > Aug 25, 2020 9:21 AM | Report Abuse

Good qr also can down, obvious shark game


Benplumber
4 posts

Posted by Benplumber > Aug 25, 2020 9:24 AM | Report Abuse

Covid vs vaccine....
We are victim huhuhu


CharKuayTeow
7 posts

Posted by CharKuayTeow > Aug 25, 2020 9:27 AM | Report Abuse

don't kena scared by big players n big uncles selling the market down. we see many times in glove markets, they push push price down only to collect later. hang tight everybody


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 9:28 AM | Report Abuse

fighting at 1.03 and 1.04


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 9:28 AM | Report Abuse

best price for you to enter now is 1.03, do not trust me , okay


metroview
234 posts

Posted by metroview > Aug 25, 2020 9:29 AM | Report Abuse

today all the Glove company drop, karex too late venture in glove business............


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:30 AM | Report Abuse

john1102 Haha.. I wish it up steadily.. Not like you small kid @pang72.. Said me is sohai and liar... You will not be a success man in yout life..i swear
25/08/2020 9:22 AM

SOHAI..


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:31 AM | Report Abuse

Hold and wait


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:31 AM | Report Abuse

Let's see who is ultimately winner


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:31 AM | Report Abuse

Don't influence by noise


pang72
39550 posts

Posted by pang72 > Aug 25, 2020 9:32 AM | Report Abuse

Keep invest in good company


WallstreetBets
7 posts

Posted by WallstreetBets > Aug 25, 2020 9:40 AM | Report Abuse

Buy in at 1.11 hope market will be kind today :D


fishballsoup
28 posts

Posted by fishballsoup > Aug 25, 2020 9:43 AM | Report Abuse

Why is it dropping and everyone is selling


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 9:47 AM | Report Abuse

Hai. So sad KAREX drop today.


Hotstuff
1392 posts

Posted by Hotstuff > Aug 25, 2020 9:47 AM | Report Abuse

sell on news lor


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 9:49 AM | Report Abuse

If break RM1.00, i will sell too.


noobmaster069
65 posts

Posted by noobmaster069 > Aug 25, 2020 9:49 AM | Report Abuse

queuing below RM1 thanks to trump and putin


nich0las
2688 posts

Posted by nich0las > Aug 25, 2020 9:50 AM | Report Abuse

Normal la, Sell on news ma. Buy in rumours ma. biasalah~


noobmaster069
65 posts

Posted by noobmaster069 > Aug 25, 2020 9:51 AM | Report Abuse

i think it will be few red candle before it raise back


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 9:51 AM | Report Abuse

press to 0.985


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 9:53 AM | Report Abuse

I think everyone shd be quiet so as to avoid any insiders.


nich0las
2688 posts

Posted by nich0las > Aug 25, 2020 9:53 AM | Report Abuse

Guys, prepared all your bullets! Get ready to collect low~


icecool
3283 posts

Posted by icecool > Aug 25, 2020 10:08 AM | Report Abuse

PE 4,531.97 hahaha


wkkht
589 posts

Posted by wkkht > Aug 25, 2020 10:13 AM | Report Abuse

habis。


Investation
37 posts

Posted by Investation > Aug 25, 2020 10:15 AM | Report Abuse

Waiting for it to go up gradually. Definitely not within a short period of time.


fishballsoup
28 posts

Posted by fishballsoup > Aug 25, 2020 10:18 AM | Report Abuse

are you guys holding or selling already?


Investation
37 posts

Posted by Investation > Aug 25, 2020 10:20 AM | Report Abuse

I'm holding plus collecting. Glove /medical products counter is qt potential


param1
480 posts

Posted by param1 > Aug 25, 2020 10:21 AM | Report Abuse

hold mow market all red ...sell if you made profit


Enilec Mak
20 posts

Posted by Enilec Mak > Aug 25, 2020 10:28 AM | Report Abuse

sold all. thot it will go up but vaccine news are everywhere. AstraZeneca, Sinovac, Moderna, Oxford Uni....all is progressing well on the vaccine front...Darn. Thot today Karex will move up ....It's fate is ultimately bound to the rest of the glove counters...


Big3
259 posts

Posted by Big3 > Aug 25, 2020 10:37 AM | Report Abuse

Buy now or regret later


Benplumber
4 posts

Posted by Benplumber > Aug 25, 2020 10:50 AM | Report Abuse

Expectations open 1.30
And this week rm2...

But now rm1.
Aaaarggg Goliath


3932
68 posts

Posted by 3932 > Aug 25, 2020 11:00 AM | Report Abuse

25 August 2020

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Karex expands into glove-making business
Group will build a plant at its Thai subsidiary in Hat Yai, production to start within 12 months
PETALING JAYA: Karex Bhd is venturing into the manufacturing and sale of gloves through its wholly owned subsidiary Innolatex (Thailand) Limited (ITL).

The group plans to establish a new manufacturing facility to supplement its existing operations at ITL’s plant in Hat Yai, Thailand with an eventual planned capacity of up to 2.5 billion gloves annually.

“Karex intends to manufacture and sell medical gloves that are typically worn by healthcare professionals and workers in the medical field. The medical gloves are intended to be made from nitrile, natural rubber and any other new materials that may be developed by Karex’s research and development efforts,“ Karex said in a stock exchange filing yesterday.

ITL currently manufactures condoms, personal lubricants and other rubber products including catheters. The new manufacturing facility for the manufacturing of medical gloves will not affect the current prodcution capacity of ITL.

At the initial stage, Karex intends to set up two production lines within 12 months which 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.

The manufacture and sale of gloves is expected to commence commercial production within 12 months.

Karex will require a total estimated capital expenditure of RM40 million in Phase 1 which will be funded through a combination of internally generated funds and/or bank borrowings.

In addition, the manufacture and sale of gloves is expected to offer an additional complimentary line of products within Karex’s existing medical business segment that currently consists of catheters, ultrasonic probe covers, test kits and hand sanitisers.

Karex posted a net profit of RM1.43 million in its fourth quarter ended June 30, compared with a net loss of RM1.01 million a year ago, while revenue rose 3.9% to RM91.09 million from RM87.66 million sustained through an increased contribution from the sexual wellness segment.

For the full year period, its net profit was 11 times lower at RM228,000 from RM2.53 million a year ago, due to higher tax expenses, while revenue rose 4.4% to RM395.07 million from RM378.48 million.

Karex said the ongoing Covid-19 pandemic has presented a unique challenge to the sexual health and medical devices industries causing widespread disruptions to operations and supply chains. Along with the emphasis on social compliance, this has caused consolidation in the industry and a disruption to the supply of condoms globally.

“In spite of this, condoms remain an essential tool for family planning as well as preventing the spread of HIV and other sexually transmitted infections. The group remains confident that we are uniquely poised to overcome the aforementioned operation hurdles in order to take advantage of potential opportunities presented by the renewed global emphasis on hygiene and disease prevention.”

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Opulent
119 posts

Posted by Opulent > Aug 25, 2020 11:10 AM | Report Abuse

Game over


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 11:21 AM | Report Abuse

but the buyer overcomes the seller at 0.985 interestingly


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 11:30 AM | Report Abuse

ready guys , it is 0.995 now at 64 Million volume.


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 11:31 AM | Report Abuse

Someone is buying up


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 11:32 AM | Report Abuse

RM1.00 but still red . Too many seller


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 11:38 AM | Report Abuse

climbing 1.02 but still in red. Slow but ok


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 11:53 AM | Report Abuse

[john1102 @daman, relax lah, dont act like @pang72.. haha] Yes, I am relax all right. I really worried to see strong buying , he he he . Anyway why are you so angry with @pang72. Relax john1102, is all in a day work.


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:09 PM | Report Abuse

NOS 1,002,000,000

To hit RM 2.00 for mkt cap RM 2,004,000,000

Same PE 33x for gloves co

So need PAT RM 60,727,272

RM 60m PAT can hit or not?


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:15 PM | Report Abuse

Wit high ASP if not mistaken big 4 hit RM 100m PAT in jz 1 mth


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:22 PM | Report Abuse

Supermax clocked in RM 399.6m in its latest quarter

See properly in jz 1 quarter

RM 133m per mth

RM 44m per day


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:23 PM | Report Abuse

So tis modest RM 60m per year KAREX can hit or not?


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:25 PM | Report Abuse

TOP GLOVES clocked in 347.90m in its latest quarter


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:27 PM | Report Abuse

RM 44m per day

RM 1.83m per hour


Orlando
3046 posts

Posted by Orlando > Aug 25, 2020 12:29 PM | Report Abuse

Orlando So tis modest RM 60m per year KAREX can hit or not?

25/08/2020 12:23 PM


WallstreetBets
7 posts

Posted by WallstreetBets > Aug 25, 2020 12:31 PM | Report Abuse

@pang72 why u run to PHARMA?

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