Highlights
KLSE: KOSSAN (7153)       KOSSAN RUBBER INDUSTRIES BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
4.19   +0.18 (4.49%)  4.05 - 4.25  15,246,500
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Overview

Market Cap: 10,717 Million
NOSH: 2,558 Million
Avg Volume (4 weeks):17,622,184
4 Weeks Range:3.85 - 5.00
4 Weeks Price Volatility (%):
29.57%
52 Weeks Range:3.85 - 19.50
52 Weeks Price Volatility (%):
2.17%
Average Price Target: 12.14
Price Target Upside/Downside: +7.95

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  09-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  21-Feb-2021
T4Q P/E | EY: 17.70  |  5.65%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.7536  |  5.56
T4Q NP Margin | ROE: 20.87%  |  31.42%

Headlines

Date Subject
20-Jan-2021 GLOVEs rebound on expanded MCO
17-Jan-2021 THIS FISH IS UNDERCOOKED : FINDING 18x FLAWS IN JP MORGAN'S BEARISH REPORTS ON GLOVES
16-Jan-2021 Is the Big Gloves Short Over?
13-Jan-2021 Glove - Earnings will peak in 1H2021
13-Jan-2021 JP Morgan tells clients GLOVEs ain’t needed during vaccinations
13-Jan-2021 Top Glove - Serious, Material Inconsistencies with AmInvest's Report
13-Jan-2021 Glove Sector - Earnings will peak in 1H2021
12-Jan-2021 BIG FOUR GLOVEs offer plenty of upside: Kenanga
12-Jan-2021 Gloves: Zero Short Positions Closed for the Entire Last Week
11-Jan-2021 Short Selling - Rubber Gloves: Bungee Bounce
09-Jan-2021 Gloves: The Bad Guy Loses (From Time to Time)
08-Jan-2021 GLOVEs oversold? Maybe, judging by analysts’ target prices
08-Jan-2021 Traders Brief - Grossly oversold; Building base near 1560-1570 levels
07-Jan-2021 疫情恶化估值诱人 手套股全线上扬
05-Jan-2021 EPS comparison of 4 largest glove companies - Koon Yew Yin
05-Jan-2021 The Big (Gloves) Short
05-Jan-2021 Rubber Gloves - Attractive Valuations
04-Jan-2021 Minority shareholders rejoice but when will the bleeding stop?
29-Dec-2020 No year-end party for GLOVEs bulls?
28-Dec-2020 Amid mounting ESG concerns, listed glove makers find themselves under siege

Business Background

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber’s revenue is generated through exports outside of Malaysia.
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  15 people like this.
 
BountyOfTheBourse Well done, TopGlove
22/01/2021 1:23 PM
UnkleLim Hopefully no RSS position close today
22/01/2021 1:38 PM
MrGlover Ben Tan reported in TG forum that Kossan and Supermax 0 RSS in morning. Perhaps they ran out of stock to short? Let's go guys! Come ride the bull now, try to limit up? :)
Q reporting with divvy coming soon. HUAT AH!!!
22/01/2021 2:06 PM
linheng Posted by TRYLUCK88 > Jan 22, 2021 12:08 PM | Report Abuse
Mr Glover, i admire your calmness last few days. Today i m less tensed liao,
linheng, where r u?
Like I said before, just use whatever means to top up, be it mortgage overdraft or margin acc. Gloves can pay a dividend yield of at least 13%. Can cover your other account interest 3X and you are entering at low level. Even JP Morgan TP is $3.80 for Kossan but $3.50 for TGlove.
I top up again at $4.11 and $4.01. Was prepared to top up at $3.91 but did not managed to get
22/01/2021 2:13 PM
linheng By the way, its seems that the Pfizer vaccine is not effective for the new strain of covid from SA. Also the blood plasma anti bodies is not effective treatment for this new strain. Stay safe
22/01/2021 2:15 PM
beginner Ben Tan Shorting up to now for the day:

Top Glove: 2,263,100 shares shorted (8% of total volume for the day)
Harta: 167,100 shares shorted (4.5% of total volume for the day)
Kossan and Supermax: 0

buy back for Kossan & Supermx today? But topglov is truly outstanding with 2.2m short but still up so much
22/01/2021 2:15 PM
linheng https://www.klsescreener.com/v2/news/view/781629/top-glove-launches-recruitment-drive-for-9-000-employees
TopGlove on recruitment drive for 9000 malaysians, out of which 2000 is for University grads.
22/01/2021 2:16 PM
MrGlover @beginner 2.2m short but only 8% of volume. Definitely looks like a bull run and shorties kena stampede ler. Kossan and Supermax 0, I think they may be starting to cover position. I'm inclined to think that momentum will continue into next week. :)
22/01/2021 2:25 PM
linheng Posted by MrGlover > Jan 22, 2021 2:25 PM | Report Abuse
@beginner 2.2m short but only 8% of volume. Definitely looks like a bull run and shorties kena stampede ler. Kossan and Supermax 0, I think they may be starting to cover position. I'm inclined to think that momentum will continue into next week. :)
Harta result out Monday lunch time. They shd be giving out a set of stella results and hopefully a bonus issue.
That would have a contagion effect on other glove counters.
Think the result selldown was also because Supermax results were delayed.
22/01/2021 2:30 PM
MrGlover Looks like Supermax is heading towards cleaning up the sell queue. Let's go Kossan! :)
22/01/2021 2:43 PM
CoolBull Whoa!
22/01/2021 3:00 PM
CoolBull Very good TopGlove news!
22/01/2021 3:01 PM
CoolBull Booming TopGlove offering 9,000 jobs to Malaysians!

https://www.nst.com.my/news/nation/2021/01/659667/booming-top-glove-offer-9000-jobs-malaysians-year
22/01/2021 3:01 PM
CoolBull Wow, man!
22/01/2021 3:01 PM
CoolBull Awesome!
22/01/2021 3:01 PM
CoolBull Superb!
22/01/2021 3:02 PM
MrGlover Got shorting since 2.30pm? Someone reported shorting on TG and Kossan
22/01/2021 3:37 PM
MrGlover Excited! Next week likely be a great week for the Gloves as well :)
22/01/2021 3:38 PM
chshzhd well done kossan!
22/01/2021 3:39 PM
chshzhd last egm mr lim said Q4 & Q1 results this year will be veryx3 well :)
22/01/2021 3:49 PM
chshzhd i trust mr lim
22/01/2021 3:50 PM
beginner 200m+ paper loss, shorties sure won't give up so easily as this is very x3 huge loss. they will definitely keep on trying to fight back especially topglov and kossan which are the top 2 net short. but the day when they give up the gain will be truly rewarding where they have to buy back 55m shares of kossan
22/01/2021 3:58 PM
MrGlover Trade volumes are healthy again for all Big 4. Definitely a bull run la. Come come everyone, ride the bull. CNY HUAT AH!! :)
22/01/2021 4:00 PM
kucinghitam HUATTT NEXT WEEK FLY TO THE MOON
22/01/2021 4:08 PM
chshzhd time will come for kossan to over take in rally ..
22/01/2021 4:40 PM
beginner yes, CNY around the corner, wish all HUAT till CNY and Kossan will break RM5 next week
22/01/2021 4:58 PM
MrGlover Congratulations all! Great day today. Surely looks like it gonna be a bull run till CNY :)
22/01/2021 5:02 PM
MrGlover Anyone has RSS stats for today across the Big 4? Time to figure out what happened :p
22/01/2021 5:03 PM
GoodBoy RSS total sold volumes for today ... Kossan 0 shares, Hartalega 167,100 shares, TopGlove 3,300,000 shares, SuperMax 0 shares ...
22/01/2021 5:05 PM
5c0160 LOL. kossan is the slowest among the big 4 glove counter.
22/01/2021 5:05 PM
GoodBoy Gloves counters strong rebound ... much earlier than my expectation ...
22/01/2021 5:07 PM
beginner how long more can shorties hold? will they really hold till qr out and pay the divvy? my bet shorties nearly burst, if next week can green again shorties will admit loss and buy back
22/01/2021 5:11 PM
noobinvestor98 I think just wait until Kossan announces its quarterly dividend. Confirm big augpau this time. Shorties will have no choice but to pay cash dividend to the lenders. Hence, this will lead to cash loses for the fellow shorties. For the moment, why not just hold tight tight and wait for the big augpau?
22/01/2021 5:15 PM
super_newbie FY2020 likely to make RM1,100m and so far only RM76.74m dividend been distributed. If based on 30% dividend policy, the outstanding final dividend is around RM330m or RM0.10 per share for 2020. I hope there's a special dividend announce for financial year 2020.
22/01/2021 5:15 PM
super_newbie Was expecting FY2021 to make RM3 Billion, another lucrative dividend :))
22/01/2021 5:18 PM
Bullrunrun Impressive up 18 cents
Next week can reach RM4.50...
22/01/2021 5:23 PM
linheng Whats impressive today is that the average price today is $4.17 but park buyer at big quantity at $4.19
22/01/2021 5:30 PM
TRYLUCK88 linheng...very aggresive yah.
22/01/2021 5:38 PM
beginner just continue the uptrend for next week and kick the shorties out
22/01/2021 5:45 PM
MrGlover Thanks @GoodBoy. Two days 0 RSS. Maybe no one willing to loan out shares now. Selling own share will have a limit. Let's see tonight on net short position to confirm if buy back started. If started, can also predict potential increase from remaining buy back amount :)
22/01/2021 5:46 PM
MrGlover @linheng Impressive Indeed. Late evening saw some profit taking, else will be higher. Momentum will feed into next week. :)
22/01/2021 5:48 PM
MrGlover EPF acquired 6.4m shares 18th and 19th Jan. :)
22/01/2021 6:06 PM
Brutus MrGlover EPF acquired 6.4m shares 18th and 19th Jan. :)
22/01/2021 6:06 PM
-----------------------------------------------------------------------------
Could it be EPF buying more share and do SBL for those IB to short the counter again?
22/01/2021 8:34 PM
MrGlover I doubt it. EPF has a lot anyway, don't need to rely on recently bought shares to loan. Furthermore, it's getting too close to Q announcement plus divvy. Not enough runway for shorties to close position later. See net short position later to see if it reduced. Yesterday and today 0 short on Kossan, we see if the short position volume change is big or not lo.
22/01/2021 8:59 PM
UnkleLim If today shorties no close position then nice lo
22/01/2021 9:01 PM
Brutus MrGlover I doubt it. EPF has a lot anyway, don't need to rely on recently bought shares to loan. Furthermore, it's getting too close to Q announcement plus divvy. Not enough runway for shorties to close position later. See net short position later to see if it reduced. Yesterday and today 0 short on Kossan, we see if the short position volume change is big or not lo.
22/01/2021 8:59 PM
----------------------------------------------------------------------------------------------------------------------------------
You got a point there. EPF possible expecting bumper dividend from Kossan (due to announce their QR by early Feb).
Anyway it is a no brainer to pick up more share at this price.
22/01/2021 9:05 PM
BountyOfTheBourse Biden is at least 55 times smarter then donnald regarding covid-19 control
22/01/2021 9:08 PM
BountyOfTheBourse Biden is not gonna say 'we don't need gloves', 'we don't need masks', 'we don't need SOPs', 'we don't need social distancing', we don't need lockdowns' etc.
22/01/2021 9:09 PM
BountyOfTheBourse So expect glove exports to US to jump substantially soon
22/01/2021 9:10 PM
BountyOfTheBourse donnald can just go lie low
22/01/2021 9:10 PM


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