CGS-CIMB Securities Sdn Bhd CGS-CIMB Research expects Karex Bhds sales of condoms to recover in the months ahead supported by the lifting of lockdown restrictions globally and new customer acquisitionsAnalyst Walter Aw noted Karex has seen a gradual pick-up in demand for condoms in its third quarter period ended March 31 2022 3Q22 from customers. CGS-CIMB analyst William Tng has maintained his buy call on Grand Venture Technology after the release of its 1QFY2022 ended March business update on May 6 but has cut the target price from 160 to 129.
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The higher top and bottom lines were attributable to the continued growth of wallet share from its key customers although margins.
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