Bursa Malaysia Stock Watch
KOSSAN - OSK Research maintains Buy on Kossan, lower TP at RM5.25
kltrader
Publish date: Fri, 17 Sep 2010, 10:05 AM
kltrader
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Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Research House: OSK
KUALA LUMPUR: OSK Research said KOSSAN RUBBER INDUSTRIES BHD [] stands out among its peers for its balanced product mix comprising 60% natural rubber and 40% nitrile gloves.
It said on Friday, Sept 17 that it believes this partly cushions the company from the negative effects of normalizing demand for examination gloves.
OSK Research said Kossan expects to venture into the production of surgical gloves.
'Maintain Buy but with a lower target price of RM5.25 (previously RM5.65), as we do not see major catalysts for the stock as well as the glove sector in the immediate term,' it said.
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Research House: OSK
KUALA LUMPUR: OSK Research said KOSSAN RUBBER INDUSTRIES BHD [] stands out among its peers for its balanced product mix comprising 60% natural rubber and 40% nitrile gloves.
It said on Friday, Sept 17 that it believes this partly cushions the company from the negative effects of normalizing demand for examination gloves.
OSK Research said Kossan expects to venture into the production of surgical gloves.
'Maintain Buy but with a lower target price of RM5.25 (previously RM5.65), as we do not see major catalysts for the stock as well as the glove sector in the immediate term,' it said.
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