They are OBM for Durex I think
Karex Berhad IPO (5247), World's largest condom maker
Karex Berhad IPO (5247), World's largest condom maker
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Oct 21 2013, 11:30 AM
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#1
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
They are OBM for Durex I think
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Nov 5 2013, 05:58 PM
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#2
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
QUOTE(wil-i-am @ Nov 5 2013, 10:13 AM) All eyes on Barakah and Karex debuts tomorrow really solid. over by 22.76 times. Be ready tomorrow guys. http://www.thestar.com.my/Business/Busines...s-tomorrow.aspx |
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Nov 6 2013, 12:07 AM
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#3
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
Didn't get any. UMWOG also fail.
Will monitor tomorrow morning. |
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Nov 6 2013, 09:06 AM
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#4
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
26% gains on opening!
good luck |
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Nov 6 2013, 09:09 AM
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#5
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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Nov 6 2013, 11:19 AM
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#6
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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Nov 8 2013, 11:50 AM
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#7
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
Now hovering around 2.55/2.56
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Nov 11 2013, 11:20 AM
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#8
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
QUOTE(davinz18 @ Nov 8 2013, 06:03 PM) I think u bought at very high price I don't know if can go higher next week looking at past IPO performance. u know Malaysian market, very irrational one Suddenly 2.7 doesn't seem like a bad price anymore after it soared to 2.98 eh?hahaha Everyday it just opens and closes higher than the day before. |
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Nov 11 2013, 01:40 PM
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#9
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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 |
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Nov 12 2013, 10:39 AM
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#10
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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Nov 12 2013, 12:28 PM
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#11
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
Broke 3.1!!!
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Nov 12 2013, 04:34 PM
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#12
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
It just hit 3.19
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Nov 12 2013, 08:57 PM
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#13
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
So far, this condom brand, very elastic and stretchable. Until now haven't burst. lol
be careful tomorrow. |
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Nov 12 2013, 10:08 PM
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#14
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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Nov 13 2013, 02:14 PM
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#15
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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Nov 13 2013, 06:06 PM
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#16
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
Condom really burst today.
Closed at 3.00 |
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Nov 15 2013, 01:15 AM
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#17
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
Hhhhmm. bonus issue.
Watch the stock rise tomorrow after hearing the news. I bet it will dilute once entitlement date announced |
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Nov 18 2013, 03:16 PM
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#18
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
HAHA. davinz beat me to it. I was gonna post up the change already.
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Nov 19 2013, 01:30 PM
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#19
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Senior Member
4,423 posts Joined: Jan 2003 From: Subang Jaya |
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. Forecast for Karex looks good. But that is outlook. Bear in mind that their Q3 results is still in a loss position.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). 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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