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World

Thousands flee as militants kill more than 100 soldiers in northeast Nigeria - aid agencies

GENEVA (Reuters) - Armed groups have killed more than 100 soldiers and seized a huge stock of weapons in clashes in northeast Nigeria since Dec. 26, a report by a group of aid agencies said on Friday, weeks ahead of an election in which security is a campaign issue.

TECH

Cyberattacks prompt massive security spending surge

The fight against cyberattacks has sparked exponential growth in global protection spending, with the cyber security market estimated at US$120bil (RM518.76bil) this year, more than 30 times its size just over a decade ago.

Business

Karex plans more acquisitions this year

PETALING JAYA: Condom maker Karex Bhd is planning for more acquisitions this year and is venturing into the online business via its newly acquired TheyFit LLC, a custom fit condom manufacturer.

Corporate News

Karex to acquire US-based TheyFit assets for RM5.5mil

KUALA LUMPUR: Karex Holdings Sdn Bhd, a wholly-owned subsidiary of Karex Bhd, has signed an asset purchase agreement to purchase certain assets from Georgia, US-based TheyFit LLC worth US$1.3mil (RM5.55mil).

Business

ONE-way to break the taboo

IN many parts of Asia, there is still the underlying taboo on the topic of sex. Nevertheless, it is an important and necessary one as many are still oblivious to the dangers of unprotected sex.

Business

How far can Karex stretch?

Analysts say M&A activity can be a catalyst for the condom maker

Business

Karex eyes more M&A deals

PETALING JAYA: Karex Bhd, the world’s largest condom manufacturer, could be on the lookout for more merger and acquisition (M&A) deals, following its recent placement exercise.

Analyst Reports

RHB Research maintains Buy on Karex

KUALA LUMPUR: RHB Research has maintained its Buy call on Karex with a target price of RM3.89 based on 20 times FY16F, a slight discount to Hartalega’s 21 times.

Analyst Reports

RHB Research maintains Buy on Karex

KUALA LUMPUR: RHB Research has maintained its Buy call on Karex with a target price of RM3.43 pegged to a 20 times CY15 P/E and implying a 19.5% upside.