KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.32

Today's Change

-0.02 (1.49%)

Day's Change

1.31 - 1.35

Trading Volume

1,867,800


17 people like this.

15,335 comment(s). Last comment by Likesung 2 days ago

EverettLee

346 posts

Posted by EverettLee > 1 month ago | Report Abuse

Synch with Berjaya corp. ha

EverettLee

346 posts

Posted by EverettLee > 1 month ago | Report Abuse

It will pass through 1.40 again after Harta announcing QR I guess

Siow Looi

404 posts

Posted by Siow Looi > 1 month ago | Report Abuse

Dead cat bounce

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Harta punya pasal lah

Chipee

75 posts

Posted by Chipee > 1 month ago | Report Abuse

Harta loss was RM302.76 million in Q1. Q2 is RM52.47 million .... Loss drop by 83%
Kossan loss was RM23.6 million in Q1. Q2 is RM2.66 million .... Loss drop by 89%

Hopefully, Q3 & Q4 sees profit. They expanded too much for COVID so fixed cost increased. Now they shld scale down to cut cost to be profitable.


Likesung
Harta punya pasal lah

Endgame

707 posts

Posted by Endgame > 1 month ago | Report Abuse

Breaking news: Kossan in the progress to change the business pipeline focus from loss making glove to high margin Technical Rubber Products. All the funds will use to prioritise the growth of this high margin products business unit.

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

My opinion is Kossan is making profit this QR, the share price should not affected those making losing profit company .

Endgame

707 posts

Posted by Endgame > 1 month ago | Report Abuse

Breaking news: Kossan today stock price under pressure after Harta bad QR released. A local fund manager commented this sell down is mainly from the short term small and medium retailers. On the other hand the foreign funds and owner of the company is progressively accumulating.

EverettLee

346 posts

Posted by EverettLee > 1 month ago | Report Abuse

Under pressure but yet still standing strong at Rm1.30 there. hehe

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Making profit company share price wont affected by losing profit company, therefore losing profit company should take some revise .

Chipee

75 posts

Posted by Chipee > 1 month ago | Report Abuse

ABRDN is still buying.... :)

Posted by ClaraChan94 > 1 month ago | Report Abuse

ABRDNis buying Kossan dan FFB

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Based on previously record the director hold 51% of share before year 2020 .

hw0706

710 posts

Posted by hw0706 > 1 month ago | Report Abuse

aberdeen already loss in aeon and pos malaysia. so have to be careful.

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Maybe the fund already predict in next year the customers will order new glove because the old gloves will expired soon.

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

@hw0706
Aberdeen start bought Kossan around RM1.00-RM1.20 they still making profit

Posted by NatsukoMishima > 1 month ago | Report Abuse

China intco will ramp up 200billion extra gloves to market in 2024 , u see the ASP will drop below USD 10 or not ?

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

@Natsuko
U making a lot of funny

Posted by NatsukoMishima > 1 month ago | Report Abuse

China intco will dominate the world glove market with ASP USD 10 or even lower in 2024 !

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Ya lah all Intco "good" lah Intco like "god" lah Intco "best" lah as good u said !!!

Albukhary

2,434 posts

Posted by Albukhary > 1 month ago | Report Abuse

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

FYI, Intco has invested up to RMB 6-7bil into money market or short term investment. At the same time, Intco has stop its expansion plan, now it only maintain 48bil Nitrile Glove, and company did not mention any further expansion in near future.

As China has stop its expansion, and Malaysia has reduce the capacity via discontinue those old factory, glove price has been stable.

China player won't reduce its ASP anymore, and they will follow Malaysia to increase the ASP accordingly (maintain 10-15% below Malaysia ASP, as nobody will buy their glove if they offer the same price as Malaysia)

Likesung

79 posts

Posted by Likesung > 1 month ago | Report Abuse

Kossan management action more than talk but Topxxxxx is talking shxx on recently interview !!!

Posted by NatsukoMishima > 4 weeks ago | Report Abuse

@Albukhary

2,431 posts

Posted by Albukhary > 22 hours ago | Report Abuse

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

__________
Well, Mr market will slap your face not report !

Likesung

79 posts

Posted by Likesung > 4 weeks ago | Report Abuse

Nothing worried about Kossan, if want worry is Topxxxxx cause they produce too much gloves making spoil market.

Chipee

75 posts

Posted by Chipee > 4 weeks ago | Report Abuse

ARBEDEEN still buying .... Good.
I rather listen to REPORT that is from INTCO themselves then listening to RUMOURS pluck from the air... LoL.

Likesung

79 posts

Posted by Likesung > 4 weeks ago | Report Abuse

I think Director and ARBEDEEN continue bought in yesterday just waiting tomorrow announcement .

yfchong

5,519 posts

Posted by yfchong > 4 weeks ago | Report Abuse

apa sudah jadi ?

Posted by NatsukoMishima > 4 weeks ago | Report Abuse

Dnex ,vstec , ranhill , gtronic , iwcity all i recommended before they surge !

Posted by NatsukoMishima > 4 weeks ago | Report Abuse

Swift haulage also will surge later !

Posted by NatsukoMishima > 4 weeks ago | Report Abuse

Dont waste time at glove anymore , shift your capital to iwcity now to cover back losses in glove n make multifold gains ! Must act fast , gold will not wait for u !

Chipee

75 posts

Posted by Chipee > 4 weeks ago | Report Abuse

hahaha.... He is trying to get others to boost his shares up.

yfchong

5,519 posts

Posted by yfchong > 4 weeks ago | Report Abuse

aiyo yo Abeerdeen buys non stop ada apa apa we do not know ??

ks5S

4,467 posts

Posted by ks5S > 4 weeks ago | Report Abuse

aberdeen close shop soon.
taking a high risk position in kossan

Likesung

79 posts

Posted by Likesung > 4 weeks ago | Report Abuse

@ks5S
This called when people panic u buy

Chipee

75 posts

Posted by Chipee > 3 weeks ago | Report Abuse

It's call rotation play. Expectation of recession ... big players are going into healthcare, staples and utilities. So buy when people panic on sectors you want. Kossan better show profit Q3. Then probably good time ahead for Kossan.

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

See money take money loh otherwise dont know how many years will be trapped !

Chipee

75 posts

Posted by Chipee > 3 weeks ago | Report Abuse

"Dont waste time at glove anymore ...blah blah blah .." ... "See money take money loh ..bla bla bla" .... Up or down you are "RIGHT" ah? STFU la.
Big joker like you think you can "control" the market with your mouth... hahaha...

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

ks5S

4,467 posts

Posted by ks5S > 3 weeks ago | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Felix888

2,953 posts

Posted by Felix888 > 3 weeks ago | Report Abuse

Googoletranslate says USA has banned China medical gloves because found Covid virus contamination in samples.

Posted by ks5S > 34 minutes ago | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Likesung

79 posts

Posted by Likesung > 3 weeks ago | Report Abuse

United States&China continuous trade war advantage for Malaysia products .

Chipee

75 posts

Posted by Chipee > 3 weeks ago | Report Abuse

EXACTLY!!!

Likesung

United States&China continuous trade war advantage for Malaysia products .

yfchong

5,519 posts

Posted by yfchong > 2 weeks ago | Report Abuse

Can shoot to roof top ... kossan

Posted by TillyLovers > 2 weeks ago | Report Abuse

Is the price okay to buy now?

Likesung

79 posts

Posted by Likesung > 2 weeks ago | Report Abuse

Kossan company performance is not bad

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 0.32 .. 2.55 .. 0.34
2010 .. 0.56 .. 4.43 .. 0.4
2011 .. 1.38 .. 3.51 .. 0.41
2012 .. 1.13 .. 3.99 .. 0.42
2013 .. 1.75 .. 5.61 .. 1.08
2014 .. 1.75 .. 5.6 .. 1.12
2015 .. 2.5 .. 7.72 .. 2.33
2016 .. 2.88 .. 6.71 .. 1.65
2017 .. 2.75 .. 6.86 .. 2.03
2018 .. 1.5 .. 7.83 .. 2.17
2019 .. 3 .. 8.86 .. 2.08
2020 .. 6 .. 42.12 .. 4.5
2021 .. 47 .. 113.83 .. 1.92
2022 .. 12 .. 5.61 .. 1.1
2023 .. 2.50E .. 0.50E .. 1.36

DPS, EPS and Year End Price are adjusted for capital changes
Total cumulative EPS 225.23
Total Cumulative DPS 84.52
DPO Ratio 37.5%
Kossan

yfchong

5,519 posts

Posted by yfchong > 1 week ago | Report Abuse

Kossan kossan

Likesung

79 posts

Posted by Likesung > 1 week ago | Report Abuse

Kossan u r the best

Fairus4469

108 posts

Posted by Fairus4469 > 4 days ago | Report Abuse

Ikut Uncle Lim masuk Kosaan, hehe

Likesung

79 posts

Posted by Likesung > 2 days ago | Report Abuse

Topxxxxx fault

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