KAREX BERHAD

KLSE (MYR): KAREX (5247)

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Last Price

0.825

Today's Change

-0.035 (4.07%)

Day's Change

0.82 - 0.865

Trading Volume

4,521,100

Overview

Market Cap

869 Million

NOSH

1,053 Million

Avg Volume (4 weeks)

2,938,016

4 Weeks Range

0.75 - 0.875

4 Weeks Price Volatility (%)

60.00%

52 Weeks Range

0.51 - 0.875

52 Weeks Price Volatility (%)

86.30%

Previous Close

0.825

Open

0.865

Bid

0.825 x 54,000

Ask

0.83 x 150,000

Day's Range

0.82 - 0.865

Trading Volume

4,521,100

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#2] | 26-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 26-May-2024

T4Q P/E | EY

46.38 | 2.16%

T4Q DY | Payout %

1.21% | 56.21%

T4Q NAPS | P/NAPS

0.45 | 1.83

T4Q NP Margin | ROE

3.64% | 3.95%

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
32 people like this. Showing 50 of 11,878 comments

Stocker

Gogogo

2023-05-23 16:19

Stocker

Wow 0.68

2023-05-24 09:21

s466466

tp?

2023-05-24 09:21

GalGadot

no momentum...hahaha

2023-05-24 12:59

churrosnight

Top up some first

2023-06-16 14:29

churrosnight

Wait for momentum...

2023-06-27 16:51

churrosnight

Collect first, it will come later ...

2023-07-04 15:57

jamestecs

When it drop more, got to get more. Now is fair price.

2023-08-01 15:44

Virgin_Share

luckily collected last week at 0.51

2023-08-28 10:51

punpipi

Not bad, very confident continue eject to the moon.

2023-09-14 14:26

cheoky

i seldom use condom. for this time, i make an exception for karex. hope to get bountiful free condom to use with trial subjects.

2023-09-19 23:17

ChloeTai

KAREX, 5247, Main Board Consumer Stock

The stock retreated from a high of 86 cents in February 2023, but the decline appears to be over as the stock has rebounded from the 61.8% Fibonacci retracement level. Both the Strength and Weakness Index (RSI) and the Average Divergence Index (MACD) show strong upward momentum.
In my opinion, stronger top-line growth will be a near-term positive for Recreation & Leisure Company, which closes its accounts on June 30 every year, has been facing net losses between the third quarter of fiscal year 2021 and the fourth quarter of fiscal year 2022. However, the company successfully turned a profit in the first quarter of fiscal year 2023.

Revenue for FY2023 was RM532.1 million, an increase of 26.2% compared to FY2022. The increase in revenue was mainly due to increased sales of condoms and lubricants, especially in Asia and the America.

The easing of global logistics disruptions and stabilization of raw material prices will also help improve Karex's profitability during this period. As a result, core net profit increased to RM15.4 million in FY2023 (net loss of RM3.9 million in FY2022).

However, what is surprising is that after the company announced its fourth-quarter results, it announced an interim dividend of 0.5 cents per share (accounting for 50% of net profit per share). This sudden surprise exceeded market expectations.

We understand that from 2020 to mid-2022, the global condom market experienced a difficult period of sharp decline in sales.

Sales of major players in the condom industry have experienced double-digit declines in the past two years. This situation is mainly related to the impact of the COVID-19 pandemic, with lockdown measures limiting human interaction and affecting condom use.

However, according to recent reports in Chinese media, condom products have experienced strong consumer demand this year, especially from online platforms, as coronavirus pandemic controls are eased and social and economic activities gradually return to normal.

The company has also launched a new condom product and is currently seeking approval from the U.S. Food and Drug Administration (FDA). The new condom product uses a thin film plastic material, resulting in better temperature and a more realistic feel.

This improvement is expected to encourage people to switch to this new product. It is worth mentioning that the profit margin of this new product is significantly higher. You can study Condom 001.

On the other hand, raw material (natural rubber and latex) and freight prices continued to return to their original levels after the epidemic eased, and increased the company's profits.

Karex is exposed to foreign currency risk in sales and purchases involving U.S. dollars. The appreciation of the US dollar against the ringgit will have a positive overall impact on its revenue.

According to my estimation, every 10% appreciation of the US dollar against the ringgit may increase the company's net profit margin by a single-digit percentage. However, this does not take into account the company's foreign exchange hedges, which may mitigate the impact of currencies on its financial position. However, dollar loans used to support overseas operations may offset this effect to some extent.

Karex is a Malaysian condom manufacturing and sales company that also provides personal lubricants, sex toys, catheters, probe covers, HIV and pregnancy test kits, and other medical-related products.

The company operates in Africa, Asia, the America and Europe. It serves brand owners, governments, NGOs and retail buyers.

Conclusion:

Karex's net profit growth has been boosted by a surge in demand for condoms as pandemic restrictions ease and socioeconomic activities return to normal. Stable production costs have increased net profit margins.

Karex shares appear to have stopped falling, with strong technical indicators showing signs of recovery. If its stock price breaks out of the cloud resistance, it could be on track for a significant move higher.

The stock's recent decline may simply be because funds are waiting for FDA approval of new condoms. Once it gets FDA approval, this condom stock is expected to hit a new high.

Regardless, freight costs, soaring latex prices, and a sharp decline in condom sales are potential risks that could curb Karex's profits.


2023-11-15 15:54

ChloeTai

https://www.nst.com.my/business/2023/01/867339/karex-benefit-strong-condoms-demand-growing-tailwinds-favourable-environment
CGS-CIMB Research raised its FY23-FY25 to account for higher ASPs, better production output, and margin expansion from lower input costs.

The research firm reiterates an 'Add' call for Karex with a target price raised to RM0.96.

2023-11-15 18:26

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?

2 months ago

GalGadot

Dropped again....hahaaa

1 month ago

TiffanixLVxHermes

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

1 month ago

ocbc

Bought it , AGM got free gift

4 weeks ago

speakup

Condom lah

4 weeks ago

speakup

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

4 weeks ago

ocbc

😆

4 weeks 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.

3 weeks ago

ChloeTai

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

3 weeks ago

ChloeTai

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

3 weeks 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.

3 weeks ago

ChloeTai

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

3 weeks ago

speakup

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

3 weeks ago

TiffanixLVxHermes

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

3 weeks 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

1 week 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 week ago

ChloeTai

The blog is at above.

1 week 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 week 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.

3 days 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 day ago

cheoky

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

20 hours ago

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