Karex shares under pressure, although fundamentals remain intact

  • Business Premium
  • Saturday, 03 Jun 2017

Goh: ‘For long-term investors, our story has not changed in terms of core direction. Our fundamentals remain intact.’

AFTER a good run in the last three years, Karex Bhd seems to have now lost some favour of investors. Concerns are growing over the medium-term prospects of the condom and rubber product manufacturer that has posted five consecutive quarters of earnings decline.

Once a hot stock, the counter came under heavy selling pressure over the week after reporting another set of disappointing financial results for its third quarter ended March 31, 2017.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Karex , condom , rubber


Next In Business News

Strong economic fundamentals, prudent management to contribute to stronger ringgit Premium
Matrix Concepts announces preview of latest Melbourne project Premium
Poor skinny kid from Malaysia makes it really big Premium
Brent could push past US$150/bbl if Russian oil exports shrink, BofA says Premium
Indonesia to allocate about 1 million tonnes of palm oil for export Premium
UK equities record best week since mid-March Premium
Oil settles up ahead of US driving season Premium
World stock markets rally, treasury yields fall on inflation data Premium
Wall St Week Ahead-Stock rally fanned by hopes of Fed 'past peak hawkishness' Premium
Embracing sustainability Premium

Others Also Read