KAREX: are you protected? To be saved, pls wear it!

Karex became the largest condom manufacturer in terms of annual manufacturing capacity in the FYE 2012 with an annual manufacturing capacity of approximately three billion pieces. Its global market sales cover more than 110 countries. In addition to its core business, it also manufacture other rubber-based medical devices and complementary products such as probe covers, catheters and lubricating jelly.

Daily chart: bottom out confirmed!

Weekly chart: Slowly and steadily moving out from bottom!

Cost pressure can be observed from reducing profit. Management pls work hard to get more cost saving to boost the profit.

CIMB pick

CIMB 2017 top small cap pick: DRB-Hicom, Bonia Corp, Sasbadi and Karex.
CIMB 2017 小资本股推荐：DRB-Hicom, Bonia Corp, Sasbadi and Karex。

(Share) Stock pick

Dear trader,
Potential stock to buy today:
10/8/2016

1) POS (4634)
Price : 3.19
Target price: 3.60
Cut loss: 2.90
Sector: Trading Services
**syariah counter

2) KAREX (5247)
Price : 2.53
Target price: 2.79
Cut loss:2.49,2.29
Sector: Consumer
***No Shariah

3) EMETALL (7217)
Price : 0.835
Target price: 1.00
Cut loss: 0.76
Sector: Industrial Product
***Shariah

4) KERJAYA (7161)
Price : 2.39
Target price: 2.80
Cut loss: 2.35,2.23
Sector: Construction
* **Shariah

5) TAANN (5012)
Price : 3.52
Target price: 3.75
Cut loss: 3.25
Sector: Industrial
***Shariah

6) VS (6963)
Price : 1.38
Target Price : 1.54
Cut Loss : 1.30
Sector : Industrial
***Shariah
Source : RHB RESEARCH INSTITUTE

Disclaimers: This trading ideas are issued and distributed in Malaysia by RHBIB only . The views and opinions in this ideas are our own as of the date here of and is subject to change.

KAREX - Restoration of damage uptrend line?

Is it still safe to go in? In term of margin of safety, the answer is absolutely no. In term of favourite, KAREX still able to attract buyer to come in when the price retreat lower as investors keen on its stable and strong financial performance.