[New post] CIMB: Karex Berhad – Downgrade to HOLD TP RM0.47 (Previous RM0.77)

alanyeo posted: " Tough times still ahead ■ FY6/21 core net profit of RM3.8m missed estimates, due to higher-than-expected costs and lower production output (Covid-19 impact) in 4QFY21.■ We expect near-term outlook to be muted, due to higher operating costs and start" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: Karex Berhad – Downgrade to HOLD TP RM0.47 (Previous RM0.77) by alanyeo Tough times still ahead ■ FY6/21 core net profit of RM3.8m missed estimates, due to higher-than-expected costs and lower production output (Covid-19 impact) in 4QFY21.■ We expect near-term outlook to be muted, due to higher operating costs and start-up costs for its new glove plant (slated to begin in 4QFY22F).■ Downgrade to Hold, with a […] Read more of this post This post is ad-supported ​ alanyeo | October 1, 2021 at 1:06 pm | Tags: Karex Berhad | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-4EB Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/10/01/cimb-karex-berhad-downgrade-to-hold-tp-rm0-47-previous-rm0-77/ Thanks for flying with WordPress.com