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KUALA LUMPUR: Bursa Malaysia opened lower on Friday, dragged by mild profit-taking in select counters, tracking Wall Street’s overnight decline amid lingering global caution.
At condom maker Karex Bhd (KL:KAREX)’s annual general meeting (AGM) in November, of the eight ordinary resolutions voted on by shareholders, only one was not passed.
KUALA LUMPUR: CIMB Securities Sdn Bhd has lowered its target price for Karex Bhd to RM1.40 from RM1.60 previously, while maintaining its “Buy” call following its earnings revision for the company.
KUALA LUMPUR: Karex Bhd's net profit for the first quarter ended Sept 30, 2025, rose sharply to RM4.60 million, surging 228.7 per cent from RM1.40 million a year earlier, mainly driven by stronger contributions from synthetic condoms and improved operating efficiency.
KUALA LUMPUR: Syarikat tempatan Karex Bhd mencipta sejarah apabila berjaya membangunkan kondom nitril sintetik berpaten tunggal di dunia, sekali gus muncul sebagai pembekal eksklusif kepada jenama kesihatan seksual terkemuka, Durex.
Karex Bhd (KL:KAREX) surged on Thursday as two research houses initiated coverage of the world's largest condom maker with 'buy' calls.
The counter settled 10.5 sen or 12.4% higher at 95.5 sen at noon break, valuing the group at just over RM1 billion.
Karex Bhd anticipates stronger earnings from its synthetic nitrile condom segment beginning from the second quarter of its financial year ending June 30, 2026 (FY26), driven by increased capacity, product innovation, and improving margins, analysts say.
IN a business where one size does not fit all, it is perhaps no surprise that the idea to set up a challenger upstart — in a country that is home to the world’s largest condom maker — was conceived in 2005 at a mamak stall among friends rather than on the golf course.
Two decades on, ba...