Highlights
KLSE: KOSSAN (7153)       KOSSAN RUBBER INDUSTRIES BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
8.80   -0.33 (3.61%)  8.02 - 8.98  10,741,800
Analyze this stock with MQ Trader system

Overview

Market Cap: 11,255 Million
NOSH: 1,279 Million
Avg Volume (4 weeks):9,321,656
4 Weeks Range:5.54 - 9.45
4 Weeks Price Volatility (%):
83.38%
52 Weeks Range:3.92 - 9.45
52 Weeks Price Volatility (%):
88.25%
Average Price Target: 6.58
Price Target Upside/Downside: -2.22

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  21-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  22-Aug-2020
T4Q P/E | EY: 48.75  |  2.05%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.1605  |  7.58
T4Q NP Margin | ROE: 10.29%  |  15.55%

Headlines

Date Subject
28-May-2020 KOSSAN RUBBER- Covid-19 to be Reflected in 2Q Onwards
27-May-2020 Rubber Gloves – Malaysia - Overweight the Sector on Better ASP & Demand Visibility
25-May-2020 Rubber Products - Reflecting Greater Optimism
23-May-2020 [转贴] [KOSSAN RUBBER INDUSTRIES BHD:销量增加] - James的股票投资James Share Investing
22-May-2020 [转贴] [Facebook live video:浅谈Kossan rubber industries bhd (Kossan)] - James的股票投资James Share Investing
22-May-2020 Kossan- Riding strong on the Covid-19 train
22-May-2020 Kossan - Earnings Driven by Higher Demand for Gloves
22-May-2020 Kossan Rubber Industries Berhad- Stronger Performance Ahead But Priced In
22-May-2020 Kossan Rubber Industries - Solid Earnings Ahead
22-May-2020 Rubber Products - More Room to Expand
22-May-2020 Kossan - Price Increases to Lead Earnings Growth
22-May-2020 Kossan Rubber- Expecting ASP to improve further
22-May-2020 Mplus Market Pulse - 27 May 2020
22-May-2020 上升股:高产柅品工业阻力RM9.56
21-May-2020 【KOSSAN(7153)下个季度会更好 】
19-May-2020 PublicInvest Research Headlines - 19 May 2020
19-May-2020 Glove makers fall on profit taking
19-May-2020 Rubber Products-Reflecting greater optimism
15-May-2020 Hartalega Holdings - Forget Me Not
14-May-2020 林宽城:全球需求增50%·手套厂商已全面投产

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.
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

  11 people like this.
 
jinghee Most of the glove companies already meet together to increase the price for distributor, i think probably from previoysly USD25 to USD40 - USD50. Topglove and supermax have own distributor in certain area can sell at retail price but it is only 10% to 20% volume. This is is increase selling price about doubled / ctn but for the total volume case. So, the earning is going to explode even higher.
31/05/2020 12:20 PM
lancefire Fundamentally speaking we are still quite some time away from a cure.

1. Vaccine trials are running in China but proper tests will definitely take time (You won't wanna take a product that gives you immunity for current Covid viruses but unable to tackle newer strains when product is released.)
2. You also won't wanna take a vaccine that gives you immunity now but side effects that only develops much later on (e.g dengue vaccines withdrawn in Philippines due to incidences of severe diseases resulting in death)

I don't think gloves are overvalued if outbreaks are still happening worldwide (not taking into account second or third waves yet). Gloves are not just used in healthcare but also in labs and various practises with mass human contact. The new norm will escalate the usage of gloves to an unprecedented level.

Hope to accumulate more this week.
31/05/2020 4:12 PM
mf SINGAPORE: Singapore reported 518 new COVID-19 cases as of noon on Sunday (May 31), taking the country's total number of infections to 34,884 .

There were three Singaporeans or permanent residents among the new cases, said the Ministry of Health (MOH) in its daily update.
31/05/2020 4:17 PM
EagleEye .
Good Morning Peeps..
Happy Battle today...
Add oil...
01/06/2020 8:11 AM
Wt6669 left this giant moster lagging behind with low pe
01/06/2020 9:33 AM
miracledan Time to pick up kossan
01/06/2020 9:36 AM
Wt6669 10 soon
01/06/2020 9:37 AM
hairy "NEW NORMAL" COVID19
beneficiary this sector > medical gloves > face mask > PPE > video conferencing > delivery services : kossan,supermx , pnepcb ,topglove , adventa ,hartalega , carepls ,Fintec , Hlt, Lyc, Netx , rubberex, lambo , mlab ,comfort
01/06/2020 9:55 AM
miracledan Sleeping giant has awaken. Time to $10
01/06/2020 10:02 AM
Lanesra buy the top 4 gloves , wont go wrong already!
01/06/2020 10:27 AM
Jokers2020 taking profit today...thks to kossan supporter
01/06/2020 10:29 AM
miracledan At least with kossan, i can sleep soundly every night.
01/06/2020 10:32 AM
acbiz88 lowest PE among top 4
01/06/2020 10:42 AM
Lanesra kossan, business is more diversified compare to others bah
01/06/2020 10:46 AM
mkh123 buy and keep too haha
01/06/2020 10:55 AM
mkh123 12 14 can la
01/06/2020 10:56 AM
Wt6669 kossan hurry to 10, don rest here
01/06/2020 11:07 AM
ry_1111 Son warrant is lagging
01/06/2020 11:13 AM
haireen slow slow up also have 5% everyday
01/06/2020 1:01 PM
calvintaneng Posted by Wt6669 > Jun 1, 2020 11:07 AM | Report Abuse

kossan hurry to 10, don rest here

HAHAHA! YOU SO FUNNY

OK OK

KOSSAN BETTER HURRY CROSS RM10.00

OR GO KOYAK AND MALU IF SUPERMAX SUDDENLY OVERTAKE KOSSAN

SO KOSSAN GO GO GO!!!
01/06/2020 1:04 PM
Wt6669 haha all my other glove counter surge wait kossan now
01/06/2020 2:51 PM
hairy "NEW NORMAL" COVID19
beneficiary this sector > medical gloves > face mask > PPE > video conferencing > delivery services : kossan,supermx , pnepcb ,topglove , adventa ,hartalega , carepls ,Fintec , Hlt, Lyc, Netx ,LKL, rubberex, lambo , mlab ,comfort
01/06/2020 2:56 PM
dalpinia Next booming counter:

http://www.tradercorner.my/2020/05/25/review-dan-potensi-kaunter-saham-rgt-berhad-rgtbhd/
01/06/2020 3:09 PM
AntiPondan EPF disposed all very generous buy from EPF?
01/06/2020 4:01 PM
AntiPondan 27-May-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,000,000 shares on 20-May-2020.
27-May-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 63,500 shares on 20-May-2020.
01/06/2020 4:02 PM
Energiser Maybe not only Supermax catch up Ruberex also catching up with Kossan soon...
01/06/2020 5:04 PM
Adam Lim what happened to Kossan, it moves much slower than other glove stocks..
01/06/2020 5:42 PM
Winningpost Slow and steady wins the race ...
01/06/2020 8:22 PM
Xt Peter Lee RUBBER STOCK OVER VALUE LOOK AT THE PE, BE CAREFUL THANK YOU.
01/06/2020 9:04 PM
Johnng8882020 Switch to Top Glove la sure can reach new record high 20 b4 qr. Don't be late, no more cheap tickets liao. Kossan can up but Top Glove can up faster 3x than Kossan. This counter control buy some one. Once reach high price, they sell for press down. So why don't u switch to Top Glove? Sure win. I belive in world no 1.
01/06/2020 9:36 PM
szeyeng88 yesterday i mentioned riverstone (AP4.SI) singapore glove and LITRAK (6645 highway stock) also up jor, when CMCO end, LITRAK profit everyday ,go go go !!!
01/06/2020 9:48 PM
Mabel I entered the Gloves Industry when our Government announced that we are donating 18 million Gloves to China to fight C19 early this year.

That announcement by Teresa compelled to starts investing on Gloves. I decided to take her call after what she did to help our Plantation which is generating good margin at that time. Beside my O&G selections were also doing great.

So it's time to give back. Harta was the first company that came in mind based on kk7168 recommendation when we were engaged together in Greatec. This investment is followed with Top Gloves, Kossan and eventually Supermax before the rally starts.

Yes I agree all rubber stocks are now over value. Gloves currently is currently overbought...PE has already exploded way above Malaysian average

Top Glove = PE 106
Hartalega: 92
Kossan = PE 51
Supermx = PE 77

These Fantastic Four (Top Glove, Hartalega, Kossan and Supermax price) continue to climb none stop. The main reason is because all of them provide 100% medical gloves. There is a worldwide shortage medical glove.

Let's evaluate the Pros and Cons

Pros

Global demand for rubber gloves is estimated to reach 300 billion gloves this year, with an expected annual growth of 12%. Of that, 188 billion gloves will be produced by Malaysia which is the world’s largest producer and the leading exporter of rubber gloves, contributing 63% of the global supply. Most of the supply are coming from these Fantastic Four.

Everyone seems to say that Gloves counter are now overvalued. Here's the irony part, IB seems to be revising their TP upwards all the time..

According to Bloomberg data updated in May, there were 12 “buys” and 1 “hold” recommendations for Top Glove, with target prices (TPs) ranging from RM9.20 to RM20.50, implying further upside to its share price judging by the best-case estimate. Top Gloves closed today at RM 16.84.

Meanwhile, for Hartalega, there were eight “buys”, 11 “holds” and three “sells” recommendations, with TPs ranging from RM5.95 to RM16:50. Hartalega closed today at RM 13.18

Year to date, Hartalega’ share price has surged by some 140%, while Top Glove shares have leapt by a staggering 242%.

Industrial glove still excessive supply with low margin profit. Top Glove and Hartalega will go up to RM 100 per share in 5-year time.. Both will have a chance to be listed on Nasdaq and potential of USD 100 Billion market capitalisation in due time.

The market capitalisation (market cap) of nitrile glove manufacturer Hartalega Bhd, founded by Kuan, is RM31.11 billion and has exceeded that of most of the local banks, except for Malayan Banking Bhd (Maybank), Public Bank Bhd and CIMB Group Holdings Bhd.

In fact, Hartalega’s market cap is more than the combined market cap of five banks: Affin Bank Bhd; Alliance Bank Bhd; MBSB Bank, which is owned by Malaysia Building Society Bhd; AmBank, which is owned by AMMB Holdings Bhd, and Bank Islam, owned by BIMB Holdings Bhd.

Likewise, the market cap for Lim’s Top Glove Bhd, in which he owns 35.95%, has soared to RM26.41 billion, larger than that of some of the bluest blue chips, including IOI Corp Bhd, Petronas Dagangan Bhd and PPB Group Bhd.

Even the market cap of Kossan Rubber Industries Bhd and Supermax Corp Bhd have exceeded that of some of the local banks even though the banking business is far more capital-intensive than the manufacturers and the barriers to entry are much higher.

Suddenly, all these Fantastic Four are performing much better than our Established Banks.

Cons

Looking from outside, valuation of glove co is difficult to determine now as there are too many variables like ASP (average selling price), raw material price of nitrile and rubber , the exchange rate and most important composition of percentage of each sold to regular customers and spot customers. In addition, the spare capacity available before the run up of demand would determine extend of extra profit.

So back to your point, sell if you must to lock your profits. Whenever possible, do not sell all so that you can continue to enjoy this rally.

For me, it's nice when you have all the Fantastic 4 in your collection. It's a very healthy race.. Just like the race between Armada and KNM and the race between Serbadk and Dayang..

Summing up..

Earlier, some smart Alex were saying SELL in May and Go Away...

They forget, it's freezing cold up in the North Poles...Santa Gloves actually came to town in May...

These Fantastic Four Gloves Counters rockets like no business in May...

So when these smart Alex came back today in June all the Gloves trains have left..

Always stay invested and continue contributing to the Global Community. YOU will get rewards from all direction.. Trust me...

Meow
01/06/2020 11:55 PM
5354_ EPF selling even more. I3 members thank you for contribute more to my EPF dividend.
02/06/2020 5:39 AM
mf 1 hr 15 min ago
Peru reports more than 5,500 new coronavirus cases

From CNN’s Claudia Rebaza in London and Taylor Barnes in Atlanta
02/06/2020 5:51 AM
Mabel Fantastic Four,

I invest in you, now you go and save the world. This is your chance to make a difference. Go and save everyone from Covid19 with God's grace.

Aameen
02/06/2020 8:08 AM
DRwarrant Vaccine on the way... Death toll decreasing
Sweating now..
02/06/2020 9:53 AM
iyin666 Glove manufacturers employ lots of migrant workers. Hope all their migrant workers r screened for covid19 n none tested positive
02/06/2020 10:58 AM
zai kossan at top yesterday formed hanging man
02/06/2020 11:08 AM
Happy_lucky Can try hengyuan 4324 .Hengyuan now is better than other o n g company ,because that only focus on the refining . The profit depends on crack spread, when the crude oil price decrease ,the cost will decrease and increase the crack spread profit but demand will decrease and the sale of volume also decrease. When the crude oil price increase, crack spread will be narrow but the demand will increase, demand increase and the sales of volume will increase , so overall increase the profit. History will come back from Rm2 to RM19. Super undervalue. Can limit up due to only 300 millions share.
02/06/2020 12:04 PM
Michael Kwok Please read.U see on May 29 2020 I warn correction coming in tht range.After 1 trading days it down by tht range.Lol.
Michael Kwok
1991 posts
Posted by Michael Kwok > May 29, 2020 7:49 PM | Report Abuse X

Im different with HLG.Along the way may have 7-12 percent correction.But I put TP rm 13-rm 15. Second half of 2020Nothing to fear....

https://klse.i3investor.com/servlets/ptres/55394.jsp
02/06/2020 12:09 PM
Goofy Please sell now before 4pm.
Those that unable to sell, it will be forced sell by the brokers due to the new margin rules. 
From 4pm onwards, there will be huge selling.

Sell now and re-enter tomorrow from 2.30pm onwards
02/06/2020 12:18 PM
messi88 wat is the new margin rules?
02/06/2020 12:25 PM
berational not only glove counter, every counter also be careful
02/06/2020 12:41 PM
Sami_Value IBs always at advantages when playing warrants with retailers...

depress the premium, depress the market making, create -ve news , published -ve news.....the last ultimate move, cap margin

but play CWs also need to pandai-pandai lor before kena ultimate move by IBs
02/06/2020 12:45 PM
walkman660 if anyone monitor kossan transaction today, shark buying at 8.8 more than million of Ringgit. follow the shark
02/06/2020 5:28 PM
messi88 follow shark very dangerous leh.. die also dunno
02/06/2020 7:08 PM
walkman660 hahah , let's see closing price on this Friday to prove i am right or wrong
02/06/2020 7:26 PM
pdchs anyone know why EPF keep on selling?
02/06/2020 7:34 PM
qqq33333333 Posted by pdchs > Jun 2, 2020 7:34 PM | Report Abuse

anyone know why EPF keep on selling?
========

all big funds will sell whenever they is exceptional liquidity and amidst speculations.......and buy ( invest) when no one is watching...........
02/06/2020 7:38 PM
projectwisdom hi guys, I've written out a pretty detailed look into UG Healthcare and you can use it as a basis of comparison for Kossan. It details a basic but fundamentally strong view of how UG is still significantly undervalued compared to the Malaysian glove market.

https://klse.i3investor.com/blogs/projectwisdom/2020-06-02-story-h1507...
02/06/2020 9:58 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

581  367  452  468 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 K1 0.51+0.065 
 KNM 0.265+0.015 
 HIBISCS 0.685+0.09 
 ARMADA 0.255+0.025 
 AIRASIA 0.825+0.12 
 XOX 0.08+0.005 
 AAX 0.115+0.005 
 NEXGRAM 0.03+0.005 
 ICON 0.14+0.015 
 VELESTO 0.175+0.015 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers