KOSSAN RUBBER INDUSTRIES BHD
KLSE (MYR): KOSSAN (7153)
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Last Price
2.48
Today's Change
0.00 (0.00%)
Day's Change
2.43 - 2.55
Trading Volume
11,296,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
18 people like this. Showing 50 of 15,816 comments
Glove sector will be the next theme to play..buy now to be rewarded kaw kaw soon............
1 week ago
https://www.reuters.com/world/how-hard-will-new-biden-tariffs-hit-china-2024-05-13/ will know by wed morning
4 days ago
Thx Kossan let me exit at 2.70 recovering my mistake made 2 years b4 entered @ 2.9X,With dividends received,just even the price.
3 days ago
Kossan up slower than the rest. Market is still trading on old mindset (basically pre-Covid). Kossan has almost zero debt and Rm2bill in cash. Utilization rate can easily filled up for higher demands. And their cash position can easily finance for expansion or production improvement (automation). We will see their Q1 2024 result and subsequently Q2.
3 days ago
As typical, most useless glove stock among the big players. Laggard like in 2020 lol
3 days ago
Still ... Kossan is abt 35% above pre-covid value.
Harta is 25% BELOW pre-covid value. ... Actually Kossan is the only glove company way above pre-covid value.
This "useless" company is better than Harta. LoL
Sweetchocalates
As typical, most useless glove stock among the big players. Laggard like in 2020 lol
3 days ago
I am done. Trade with care. The qtrly report might not overshadow this tariff news rally. Anyway good luck
3 days ago
TAN SRI DATO' LIM KUANG SIA dispose ... that's why institution investors dislike Kossan.
CEO himself dump own share when sentiment is good. Damn pariah one this fella.
3 days ago
But I'm still invested. Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.
3 days ago
As i have said. Most useless glove stock among thr biggies. Rise the least and drop the same amount as the rest. LOL. Kossan has already reached its yesterday gap up point while the rest are only halfway there.
2 days ago
Yesterday's shoot up is just a taste to come. Trump election win (if he wins) gonna be spectacular for gloves.
I'm still holding. Whether it's Democrats or Republican, US sentiment on China is negative. My bet is on that sentiment. As far as I know, Kossan & Harta are the only companies that weren't banned by US at port entry during covid for ESG violation. Kossan is working towards Harta setup with automation and efficiency. Rm2b in cash allows them to upgrade. All these naysayers are day traders. Background noise like mosquitos. LoL
2 days ago
TS Lim Kuang Sia got 70,238,904 Kossan shares (Not including privately owned share in Kossan Sdn Bhd).
Yesterday, he sold 4mill shares is 5.6% of his porfolio. If include shares in Kossan Sdn Bhd, it is probably less than 1%.
Say he sold at Rm2.75 x 4 mill = Rm11 million.
Like I said Lim Kuang Sia damn pariah ceo. Do day trading on his own company. 70 years old already. Maybe want to enjoy his life before kick the bucket. 😂😂😂
2 days ago
Yeah. TS Lim Kuang Sia cannot control the market price. He see huge gap up. He sells.
Characteristic of a day trader.
5354_
TS Lim Kuang Sia RM 1+ also disposed so he not everytime sure right?
2 days ago
How is your Iskandar Waterfront? Leaking? 😂
Sweetchocalates
Tg supermx harta have rebounded. What is kossan doning??? LOL
2 days ago
2024-05-16
Insider
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,189,200 shares on 13-May-2024.
2024-05-16
Insider
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 600,000 shares on 13-May-2024.
2 days ago
Maybe tomorrow Kossan turn to rebound.
Sweetchocalates
Tg supermx harta have rebounded. What is kossan doning??? LOL
4 hours ago
2 days ago
Some comment I post in Harta forum I share it here.
From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.
Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.
All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.
At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.
I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.
1 day ago
Pull back is very low volume and top glove is still heavily shorted from 0.65 to 0.89 within 3 days. (net short pos). I suspect this round is short it down (intra day) for big funds to accumulate. Accumulation phase. Kossan seems to be less impacted by this and stable. This low volume pullback is a good sign. Can decide to go back in. Kossan Qtrly should be above average. Good price now, done with Top Glove as too dodgy
1 day ago
I just use bursa site. Some might have better access but bursa is good enuf. Net short only show for 1 day and no trend. Hv to self plot
1 day ago
THx u
KimSua
https://www.bursamalaysia.com/market_information/market_statistic/securities
1 day ago
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Kossan will hit RM 3 by month end....hold your seat belt ..
1 week ago