Karex shares under pressure, although fundamentals remain intact

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.