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 Karex Berhad IPO (5247), World's largest condom maker

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MoNnY
post Oct 21 2013, 11:30 AM

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They are OBM for Durex I think
MoNnY
post Nov 5 2013, 05:58 PM

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QUOTE(wil-i-am @ Nov 5 2013, 10:13 AM)
All eyes on Barakah and Karex debuts tomorrow

http://www.thestar.com.my/Business/Busines...s-tomorrow.aspx
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really solid. over by 22.76 times. Be ready tomorrow guys. wink.gif
MoNnY
post Nov 6 2013, 12:07 AM

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Didn't get any. UMWOG also fail.
Will monitor tomorrow morning.
MoNnY
post Nov 6 2013, 09:06 AM

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26% gains on opening!
good luck

MoNnY
post Nov 6 2013, 09:09 AM

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QUOTE(kb2005 @ Nov 6 2013, 09:07 AM)
For IPO holders, they should sell now. For those just want to enter, i suggest think twice! Price too high, not worth to chase now. Just my 2 cents! biggrin.gif
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10 minutes before opening the price was already too high.
Prices now inflated. Last is 2.38 now.
MoNnY
post Nov 6 2013, 11:19 AM

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QUOTE(cckiong @ Nov 6 2013, 11:00 AM)
I sold all at 2.40rm. Yeh yeh yeh..untung 4k +
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can go home for today already. rclxms.gif
It's still rallying. I'm very surprised.
MoNnY
post Nov 8 2013, 11:50 AM

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Now hovering around 2.55/2.56
MoNnY
post Nov 11 2013, 11:20 AM

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QUOTE(davinz18 @ Nov 8 2013, 06:03 PM)
I think u bought at very high price  nod.gif I don't know if can go higher next week looking at past IPO performance. u know Malaysian market, very irrational one  smile.gif
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Suddenly 2.7 doesn't seem like a bad price anymore after it soared to 2.98 eh?
hahaha flex.gif
Everyday it just opens and closes higher than the day before.

MoNnY
post Nov 11 2013, 01:40 PM

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midday is at 2.86. CIMB still has a buy on Karex.

Karex Berhad - Size matters
Target RM3.23 (Long Term: Out Perform)


A resilient and ever-growing global condom industry provides strong protection for Karex’s earnings growth in the next two years. The world’s largest condom manufacturer is doubling its capacity by 2015, which will give it a significant competitive edge.

We begin coverage with an Outperform rating and a target price that is pegged to 17x CY15 P/E, a 20% premium over the glove sector’s average forward P/E in view of its 3-year EPS CAGR of 18% vs. 10% for the glove sector as well as its superior ROE. Furthermore, its status as the world’s largest condom maker with a rising capacity will give it a considerable advantage.

Source: http://research.cimb.com/index.php?ch=eq_m...bb=0&fname=file
MoNnY
post Nov 12 2013, 10:39 AM

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QUOTE(wil-i-am @ Nov 11 2013, 09:22 PM)
U r still holding 2,000 shares?
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wah why so specific weh? haha. but no la. a little more than that.
MoNnY
post Nov 12 2013, 12:28 PM

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Broke 3.1!!!
MoNnY
post Nov 12 2013, 04:34 PM

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It just hit 3.19
MoNnY
post Nov 12 2013, 08:57 PM

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So far, this condom brand, very elastic and stretchable. Until now haven't burst. lol

be careful tomorrow.
MoNnY
post Nov 12 2013, 10:08 PM

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QUOTE(davinz18 @ Nov 12 2013, 09:54 PM)
juz as I tot, it's a trap  whistling.gif
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I'm surprised got bids at 3.15 also.
lol

and dude, you let go at 3.11 considered damn good already.
Surprisingly our neighbour UMWOG also picked up today.
MoNnY
post Nov 13 2013, 02:14 PM

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QUOTE(maldiniho @ Nov 13 2013, 01:33 PM)
our real man ejaculated already? gonna queue at RM2 see if it can drop till there
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lol bro, RM2 is way too low already for this counter.

will-i-am, still holding a bit. should let go soon
MoNnY
post Nov 13 2013, 06:06 PM

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Condom really burst today.
Closed at 3.00
MoNnY
post Nov 15 2013, 01:15 AM

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Hhhhmm. bonus issue.
Watch the stock rise tomorrow after hearing the news. I bet it will dilute once entitlement date announced
MoNnY
post Nov 18 2013, 03:16 PM

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HAHA. davinz beat me to it. I was gonna post up the change already.
MoNnY
post Nov 19 2013, 01:30 PM

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QUOTE(hiechelon @ Nov 19 2013, 11:21 AM)
yea, basically VT is the biggest syndicate on the market but anyway, it's one-day thing.
Back to the topic of KAREX. It's losing steam as mentioned before.
As for its fundamental i.e. can it hold on to the 3.23+- price regardless what investment house is saying/doing?
Maybe that's the topic we can engage now (if anyone is still holding the stock... I'm sold out alr).
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Forecast for Karex looks good. But that is outlook. Bear in mind that their Q3 results is still in a loss position.
But long term holdings, I think this can make it.
It will probably hold around the 3.2X region or so. I doubt it will dip below 3 anytime soon. unless they announce that bonus issue.
I'm out of it also. Considering buying back for long term holdings now.

 

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