CGS-CIMB Research says Karex has seen strong recovery in global demand for condoms.
PETALING JAYA: Karex Bhd
’s earnings prospects look positive in line with the recovery in demand for condoms, favourable operating environment and new product launches, says CGS-CIMB Research.The research house also expects Karex to post stronger margins, backed by higher economies of scale, a weaker ringgit versus the US dollar and lower operating costs.
In its latest report, CGS-CIMB Research said the winds of fortune, in terms of the operating environment, have begun to blow in favour of Karex.
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