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KLSE: KOSSAN       KOSSAN RUBBER INDUSTRIES BHD
Last Price Avg Target Price   Upside/Downside Price Call
4.22 8.06     +3.84 (91.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
13/01/2021 4.58 3.80 -0.78 (17.03%) SELL JP MORGAN CHASE Price Target News
13/01/2021 4.58 4.80 +0.22 (4.80%) HOLD AmInvest Price Target News
11/01/2021 4.58 7.50 +2.92 (63.76%) BUY KENANGA Price Target News
08/01/2021 4.08 7.80 +3.72 (91.18%) BUY HLG Price Target News
05/01/2021 3.98 9.40 +5.42 (136.18%) TRADING BUY PUBLIC BANK Price Target News
23/12/2020 5.03 7.50 +2.47 (49.11%) BUY KENANGA Price Target News
16/12/2020 4.93 9.36 +4.43 (89.86%) BUY KENANGA Price Target News
16/12/2020 4.93 8.37 +3.44 (69.78%) BUY HLG Price Target News
16/12/2020 4.93 5.20 +0.27 (5.48%) HOLD BIMB Price Target News
16/12/2020 4.93 5.40 +0.47 (9.53%) HOLD AmInvest Price Target News
16/12/2020 4.93 8.90 +3.97 (80.53%) BUY AffinHwang Price Target News
11/12/2020 5.83 3.80 -2.03 (34.82%) SELL JP MORGAN CHASE Price Target News
16/11/2020 6.66 9.56 +2.90 (43.54%) BUY HLG Price Target News
10/11/2020 7.00 9.40 +2.40 (34.29%) TRADING BUY PUBLIC BANK Price Target News
10/11/2020 7.00 10.02 +3.02 (43.14%) BUY MIDF Price Target News
10/11/2020 7.00 9.36 +2.36 (33.71%) BUY KENANGA Price Target News
10/11/2020 7.00 9.56 +2.56 (36.57%) BUY HLG Price Target News
10/11/2020 7.00 10.00 +3.00 (42.86%) BUY BIMB Price Target News
10/11/2020 7.00 7.07 +0.07 (1.00%) HOLD AmInvest Price Target News
15/10/2020 8.00 18.30 +10.30 (128.75%) BUY HLG Price Target News
08/10/2020 14.80 18.30 +3.50 (23.65%) BUY HLG Price Target News
02/10/2020 13.52 15.60 +2.08 (15.38%) HOLD PUBLIC BANK Price Target News
28/09/2020 14.10 18.30 +4.20 (29.79%) BUY HLG Price Target News
22/09/2020 11.94 18.30 +6.36 (53.27%) BUY HLG Price Target News
12/09/2020 10.68 17.00 +6.32 (59.18%) BUY CIMB Price Target News
07/09/2020 13.48 14.58 +1.10 (8.16%) HOLD MIDF Price Target News
07/09/2020 13.48 18.30 +4.82 (35.76%) BUY HLG Price Target News
07/09/2020 13.48 14.32 +0.84 (6.23%) HOLD AmInvest Price Target News
05/09/2020 13.40 17.00 +3.60 (26.87%) BUY CIMB Price Target News
26/08/2020 14.98 15.60 +0.62 (4.14%) HOLD PUBLIC BANK Price Target News
26/08/2020 14.98 15.35 +0.37 (2.47%) HOLD MIDF Price Target News
26/08/2020 14.98 17.10 +2.12 (14.15%) BUY KENANGA Price Target News
26/08/2020 14.98 17.75 +2.77 (18.49%) BUY HLG Price Target News
26/08/2020 14.98 20.00 +5.02 (33.51%) BUY BIMB Price Target News
26/08/2020 14.98 15.74 +0.76 (5.07%) HOLD AmInvest Price Target News
26/08/2020 14.98 22.80 +7.82 (52.20%) BUY AffinHwang Price Target News
04/08/2020 18.50 22.80 +4.30 (23.24%) BUY AffinHwang Price Target News
27/07/2020 14.20 17.10 +2.90 (20.42%) BUY KENANGA Price Target News
27/07/2020 14.20 17.75 +3.55 (25.00%) BUY HLG Price Target News
27/07/2020 14.20 20.00 +5.80 (40.85%) BUY BIMB Price Target News
27/07/2020 14.20 15.74 +1.54 (10.85%) BUY AmInvest Price Target News
25/07/2020 13.80 16.40 +2.60 (18.84%) BUY CIMB Price Target News


Price Target Research Article/News (past 6 months)
13/01/2021  JP MORGAN CHASE JP Morgan tells clients GLOVEs ain’t needed during vaccinations
13/01/2021  AmInvest Glove Sector - Earnings will peak in 1H2021
11/01/2021  KENANGA Short Selling - Rubber Gloves: Bungee Bounce
08/01/2021  HLG Traders Brief - Grossly oversold; Building base near 1560-1570 levels
05/01/2021  PUBLIC BANK Rubber Gloves - Attractive Valuations
23/12/2020  KENANGA Kossan Rubber Industries - Production Disrupted by COVID-19
16/12/2020  KENANGA Kossan Rubber Industries - Just a Few Wrinkles
16/12/2020  HLG Rubber Gloves - Positive Covid-19 cases among workers
16/12/2020  BIMB Kossan - Hit by Covid-19 cases
16/12/2020  AmInvest Kossan Rubber - Demand on rising trend till 1H2021
16/12/2020  AffinHwang Kossan Rubber (KRI MK) - ASP to increase by 50% qoq in 4Q20
11/12/2020  JP MORGAN CHASE JP Morgan cut GLOVES target price. Supernormal Cycle over? What's your comment?
16/11/2020  HLG Kossan Rubber Industries - Strong 3Q, with higher expectations for 4Q
10/11/2020  PUBLIC BANK Kossan Rubber Industries Berhad - ASP Hike Momentum to Continue
10/11/2020  MIDF Kossan Rubber Industries Berhad - Expect to end FY20 at a higher note
10/11/2020  KENANGA Kossan Rubber Industries - 9MFY20 Shines, Solid Earnings Ahead
10/11/2020  HLG Kossan Rubber Industries - Strong 3Q, with higher expectations for 4Q
10/11/2020  BIMB Kossan - 3Q20- Result Review
10/11/2020  AmInvest Kossan Rubber - 9MFY21 net profit surges 230%
15/10/2020  HLG Economics & Strategy - The Second Wave
08/10/2020  HLG Gloves Sector - Rising Cases to Sustain Demand Trajectory
02/10/2020  PUBLIC BANK PublicInvest Research Headlines - 2 Oct 2020
28/09/2020  HLG Traders Brief - Potential 3Q Window Dressing May Spur KLCI Towards 1513-1530 Zones
22/09/2020  HLG Traders Brief - Wild Swings Ahead With Crucial Support At 1474-1484 Levels
12/09/2020  CIMB CIMB Research maintain OVERWEIGHT on GLOVE. A firm grip in the storm. THKS TP RM9.20/RM24.30/RM17.00/RM13.50
07/09/2020  MIDF Kossan Rubber Industries Bhd - ASP Growth May Plateau Next Year
07/09/2020  HLG Kossan Rubber Industries - Still Upbeat on Near Term Outlook
07/09/2020  AmInvest Kossan Rubber - Expecting ASP To Increase 25% QoQ in 3QFY20F
05/09/2020  CIMB CIMB Research maintain BUY on KOSSAN. Target price = RM17.00
26/08/2020  PUBLIC BANK Kossan Rubber Industries Berhad - Supported By ASP Hike
26/08/2020  MIDF Kossan Rubber Industries Bhd - Boost From Higher ASP and Volume
26/08/2020  KENANGA Kossan Rubber Industries - 1HFY20 In Line, Solid Earnings Ahead
26/08/2020  HLG Kossan Rubber Industries - Good Delivery, Proposed 1-1 Bonus Issue
26/08/2020  BIMB Kossan - All-Time High Earning, More To Come
26/08/2020  AmInvest Kossan Rubber - A Stellar 2HFY20F in Store With Higher ASP
26/08/2020  AffinHwang Kossan (BUY, Maintain) - Earnings Have Yet to Peak
04/08/2020  AffinHwang Kossan - ASPs Likely to Continue Upside Surprise
27/07/2020  KENANGA Kossan Rubber Industries - ASP Hikes More Pronounced in 2H 2020
27/07/2020  HLG Kossan Rubber Industries - Expected Rosy 2Q Onwards
27/07/2020  BIMB Kossan - Greater Expansion Plan and ASP to Boost Earnings Further
27/07/2020  AmInvest Kossan Rubber - New Capacity Planned for 1H2021
25/07/2020  CIMB CIMB raised KOSSAN target price to RM16.40


Bonus Issue, Share Split or Share Consolidation announcement
Announce Date Ex Date Subject Amount/Ratio
25/09/2020 09/10/2020 Bonus Issue 1.0000 : 1.0000

  15 people like this.
 
beginner Count on shorties to press down the price, fast make it 3.80. Count on you shorties
16/01/2021 8:43 PM
casanwk 1 hour chart
Price in triangle
If break below triangle
Price will continue the c wave(bearish)
If break above triangle
Ride the third wave(Elliot)-bullish...
Or continue consolidation?
Monitor closely.....:)
16/01/2021 8:55 PM
linheng Sorry, the 100,000 was bought into margin account. Rakuten gives 5X value for Kossan.
16/01/2021 8:58 PM
linheng Assuming the monkeys from JP Morgan are right ie TP $3.80, we are already at $4.22. At $4.22, if I keep at least a year, I will get a minimum 40 to 50 cents dividend (A 10% yield will beat FD interest rate flat ) At $4.22 minus $0.50 (Div), my cost is $$3.72 (Cheaper that the JP Morgan monkeys)
Remember before than pandemic, Kossan is above $2.00.
They made special bearings and fenders for ports, ships and buildings in earthquake areas.
16/01/2021 9:02 PM
chshzhd for so many years...kossan track records never fail ..
16/01/2021 10:22 PM
yingkang87 https://www.klsescreener.com/v2/news/view/779179
16/01/2021 10:45 PM
Rainny79 Good news
16/01/2021 11:26 PM
Ckk2266 https://guardiamedical.com/blogs/news/u-s-has-major-nitrile-glove-shortage-ahead-of-national-covid-19-vaccinations
17/01/2021 8:08 AM
Needmoney Keep long term for dividen and share bonus.
17/01/2021 9:43 AM
JuzzyOracle linheng thank you for this enlightening calculation, my cost is slightly above yours, happy to keep this fab counter in the longer term.
17/01/2021 10:28 AM
JuzzyOracle Am really disappointed with the impotent shorties. Have been waiting in the sidelines the last two weeks for them to crash this stock so that I can have this one-in-a-lifetime opportunity to binge buy cheap tickets. My ammo is ever ready. This is really boring.
17/01/2021 10:30 AM
gemfinder https://klse.i3investor.com/blogs/canadafirst/2021-01-17-story-h1539380568-_TOPGLOVE_Hidden_camera_exposes_forced_labour_in_PPE_factory_supplying_.jsp
17/01/2021 12:12 PM
Mrinvest0r https://klse.i3investor.com/m/blog/GillianTan/2021-01-14-story-h1539323808-Evidence_that_prove_JP_Morgan_s_Jeffrey_Ng_analyst_report_on_Glove_is_i.jsp?fbclid=IwAR0DMF844kODFMtIkL05re14BXVg6y-15Qw_T4fSyW_8l90KuFR-CBr_j3A
17/01/2021 4:43 PM
Mrinvest0r WRP factory got burnt

https://www.google.com/amp/s/www.chinapress.com.my/20210116/wrp%25E6%2589%258B%25E5%25A5%2597%25E5%258E%2582%25E5%25A4%25B1%25E7%2581%25AB%25E7%258B%2582%25E7%2583%25A7-%25E4%25BB%2593%25E5%25BA%2593%25E7%25BA%25A650%25E8%25A2%25AB%25E7%2583%25A7%25E6%25AF%2581/amp/
17/01/2021 4:50 PM
TRYLUCK88 https://www.nst.com.my/amp/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021
17/01/2021 5:15 PM
TRYLUCK88 Standbyyyyy.
17/01/2021 5:16 PM
MrGlover Standby? Hoot or no hoot leh? :p
17/01/2021 5:25 PM
TRYLUCK88 hoottttt
17/01/2021 5:27 PM
BountyOfTheBourse Something really funny
17/01/2021 5:36 PM
BountyOfTheBourse Pfizer CEO has not taken Pfizer vaccine yet

https://www.cnbc.com/2020/12/14/pfizers-ceo-hasnt-gotten-his-covid-vaccine-yet-saying-he-doesnt-want-to-cut-in-line.html

Big question now: Why not???
17/01/2021 5:36 PM
limontea Kossan's gloves orders fully taken up until end-2021
By NST Business - January 17, 2021 @ 3:34pm

KUALA LUMPUR: Kossan Rubber Industries Bhd continues to witness strong global glove demand owing to Covid-19 as the company's capacity has been fully taken up until end of 2021, said CSG-CIMB.

Its analyst Walter AW said Kossan had also been receiving orders for the first quarter (Q1) of 2022 and fully filled up its allocation for spot orders, utilising up to 20 per cent of its total capacity, till end of 1Q of this year.

"Kossan has already increased its average selling price (ASP) by 40 per cent quarter-on-quarter (QoQ) in the third quarter of 2020. The demand-led environment will allow it to raise them further," he said in a report.

In a recent briefing recently, he said Kossan was expecting an ASP increase of 50 per cent QoQ in the fourth quarter of 2020 as well as in Q1 of 2021.

https://www.nst.com.my/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021

"It is not discounting further ASP hikes from the second quarter of 2021 onwards, given that its current ASPs are still below the industry average," said Walter.

He said Kossan was not discounting the possibility of a special dividend on top of its current dividend payout (minimum 30 per cent of net profit) to reward shareholders.

"The possible implementation of interim dividends is on the cards, in line with the recent announcement of its peers, Supermax Corp Bhd and Top Glove Corp Bhd."

He said Kossan's operations had resumed post detection of positive Covid-19 cases after halting 25 per cent of its total production capacity from December 7 to December 31 last year in view of a Covid-19 outbreak among its workers.

"We estimate the capacity loss at 1.5 per cent of Kossan's total annual output, and that the financial impact was minimal. We believe the quantum of its ASP hikes would be more than sufficient to offset the temporary capacity loss during the period."

CGS-CIMB said Kossan would likely retain its strong earnings prospects as it stands to benefit from the favourable supply-dynamics in the glove sector owing to Covid-19.
17/01/2021 5:58 PM
BALANCE_VIEW gemfinder .....u r such a moorroon! force labour? Then how about this? Malaysia is a gold mine to them? Only moorroonn will believe the hypocrisy of mat salleh. And just bcos of an old recycle clips, you got excited ! How low can you go ??

https://www.therakyatpost.com/2020/11/04/theres-a-protest-in-banglades...



gemfinder https://klse.i3investor.com/blogs/canadafirst/2021-01-17-story-h153938...
17/01/2021 12:12 PM
17/01/2021 6:19 PM
CoolBull Kossan's glove orders fully taken up until 2021

https://www.nst.com.my/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021
17/01/2021 6:25 PM
CoolBull Very good
17/01/2021 6:25 PM
CoolBull Excellent
17/01/2021 6:25 PM
CoolBull germfinder = shhit stirrer

No need to layan him at all
17/01/2021 6:27 PM
jeremylin Sometimes people just like germfinder to spread negativity, dont know what is their motives...
17/01/2021 6:33 PM
MrGlover Opinion guys. We've cleared the warrant that's in the money last week. The next expiring warrant has 7.25 exercise. Great news on the order books. Great news on likely interim divvy. Great news on increase ASP for 1H. Things looking good for a great rally from tomorrow?
17/01/2021 6:48 PM
FortuneBlooming ha ha ha
17/01/2021 6:58 PM
FortuneBlooming Something fishy: Pfizer CEO not jabbing himself with Pfizer vaccine raises big questions

https://www.news18.com/amp/news/buzz/something-fishy-pfizer-ceo-not-getting-his-own-companys-covid-19-vaccine-raises-questions-3182408.html
17/01/2021 6:59 PM
Ron90 $5 this week !
17/01/2021 6:59 PM
TRYLUCK88 pray all goes well. kossan has been down few days.. no thanks to rss.
17/01/2021 7:24 PM
TRYLUCK88 where can we get list of shorter n amt?
jpm buying back tg. how abt kossan?
17/01/2021 7:28 PM
limontea THIS FISH IS UNDERCOOKED : FINDING 18x FLAWS IN JP MORGAN'S BEARISH REPORTS ON GLOVES

https://klse.i3investor.com/blogs/pelhambluefund/2021-01-17-story-h1539382363-THIS_FISH_IS_UNDERCOOKED_FINDING_18x_FLAWS_IN_JP_MORGAN_S_BEARISH_REPOR.jsp
17/01/2021 7:34 PM
ks5S https://www.jpost.com/israel-news/rabbi-yisrael-lau-infected-with-corona-after-receiving-two-pfizer-doses-655703?traffic_source=Connatix
17/01/2021 7:40 PM
ks5S https://www.nst.com.my/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021
17/01/2021 7:58 PM
MrGlover Wow, JPM was misleading innocent investors all along... All in la. Don't let them cover at cheap price!
17/01/2021 8:05 PM
chuasetupchua If you can recall, several years ago, AirAsia was shorted from RM 2.00+ to around 70 sen because of a report from Hong Kong that had cast aspersion that Tony was siphoning out money. The share price then rebounded as quickly as it plunged. Another case in point is Wilmar recently.

So let us not fall into the trap of short-sellers. Of course these short sellers have deep pockets and can push price down further but if the fundamentals of these companies are good, it would rise eventually just like AirAsia and Wilmar. It is a game of poker.

What are the fundamentals :-

If TopGlove CEO had said the lead time between order and delivery for some customers is more than 365 days, it does indicate that current world gloves producers are unable to cope with the demand, otherwise, these customers would have been able to source from alternative producers.

Secondly, medical gloves from new producers can't just be approved overnight; there is a series of checks and audits that recipient countries will have to do before they are able to certify them. In other worlds, the barrier of entries for new producers is high I suspect.

Lastly, if my memory serves me right, Hartalega management had said that acute supply shortage will only ease after 2022.

TopGlove and Kossan I am sure are rectifying their respective labour problems as speedily as they can but in the mean time, I doubt the hospitals will take the risk of instructing their medical personal to not wear gloves just because of the on-going issues.

Is the typical greater good decision making; ie., is saving lives more important now or solving labour problems?

I bet saving lives will take priority and management of the hospitals would give the glove producers the room and deadlines to rectify their management lapses.
17/01/2021 8:26 PM
Bullrunrun https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%A4%A9%E7%84%B6%E6%B0%94%E6%88%90%E6%9C%AC%E9%99%8D%E4%BD%8E-%E6%89%8B%E5%A5%97%E5%85%AC%E5%8F%B8%E7%9B%88%E5%88%A9%E7%9C%8B%E6%B6%A8
17/01/2021 8:30 PM
Bullrunrun Oders received until year end
Target price RM9.00
BUY call
17/01/2021 8:33 PM
tamp0i The more you dip the fiercer I buy... Come
17/01/2021 9:01 PM
beginner If not because of rss where got such good price, buy before rss is closed. Don't miss this golden chance, recall what happened last year march mco
17/01/2021 9:02 PM
beginner I will load more when price drop since we knew shorties will recover later, this is like 100% win game
17/01/2021 9:03 PM
chshzhd TA Securities gives KOSSAN lowest forward PE & highest forward dividend yield:)
17/01/2021 9:48 PM
99newbie Please don’t sell lower make those people who sell short happy and gains
17/01/2021 10:10 PM
FortuneBlooming ha ha ha
17/01/2021 10:26 PM
FortuneBlooming Something fishy: Pfizer CEO not jabbing himself with Pfizer vaccine raises big questions

https://www.news18.com/amp/news/buzz/something-fishy-pfizer-ceo-not-getting-his-own-companys-covid-19-vaccine-raises-questions-3182408.html
17/01/2021 10:26 PM
FortuneBlooming What a big joker
17/01/2021 10:26 PM
FortuneBlooming What a jerk
17/01/2021 10:44 PM
Kossan Is the vaccine safe? Read

https://www.google.com.my/amp/s/www.nst.com.my/amp/world/world/2021/01/657879/norway-warns-covid-19-vaccine-risk-after-23-die
17/01/2021 11:38 PM

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