Yeah. Sold outside of the market. Does not affect the pricing in the market. For all you know, they sold it below market price to TAN KONG CHANG (Director in Kossan Bhd).
I suspect a big dividend announcement. I'm praying NOT buy back by Kossan Bhd.

Likesung

Fairus4469
Uncle Lim jual kpd Mr Tan

Another naysayer. Maybe he got burnt by rubber glove .... LoL


ks5S
ya something Big is coming
maybe
(1) CEO is retiring
(2) kossan brothers, uncle, cucu , cicit, girlfriend, mistress...start selling in the open market
(3) fighting among the brothers as family business sure got problem
conclusion: Sell

50 Million sold outside the market to TAN KONG CHANG (Director in Kossan Bhd).
I think something BIG is coming.

Yeah. Agree. I think that's why institution stay away from them. I think Kossan should value more than Hartalega. Comparing No. share outstanding etc....

Likesung
Last time 2020 they make disposal from 51% reduced to 47% if logically they buy low sell high

Likesung
Moving abt 366million Kossan shares from Kossan Sdn Bhd to their directors.
That's personal ownership for each directors. I can only speculate ... Kossan Bhd will give big dividend so the directors can receive the tax-free money directly.

Or

Individual director would dump the shares. Then price might fall.
So it can go either way, If Kossan Sdn Bhd, directors have to agree to sell or buy back share. Another problem is, Kossan Bhd will buy back shares with the 2bill cash. Push price up? And reduce Kossan Bhd cash holding? They sell the shares and pocket the sales money individually? Is that taxable? I don't know.

Good or bad is for speculation. Have to wait and see what happen.

I think there will be a big dividend announcement coming end of Oct. Kossan Holding SB just transferred shares to individual directors. Maybe a big profit announcement Q3?
Or just reducing Kossan Holding SB holding away from 51%?

EXACTLY!!!

Likesung

United States&China continuous trade war advantage for Malaysia products .

"Dont waste time at glove anymore ...blah blah blah .." ... "See money take money loh ..bla bla bla" .... Up or down you are "RIGHT" ah? STFU la.
Big joker like you think you can "control" the market with your mouth... hahaha...

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

It's call rotation play. Expectation of recession ... big players are going into healthcare, staples and utilities. So buy when people panic on sectors you want. Kossan better show profit Q3. Then probably good time ahead for Kossan.

hahaha.... He is trying to get others to boost his shares up.

ARBEDEEN still buying .... Good.
I rather listen to REPORT that is from INTCO themselves then listening to RUMOURS pluck from the air... LoL.

ABRDN is still buying.... :)

Harta loss was RM302.76 million in Q1. Q2 is RM52.47 million .... Loss drop by 83%
Kossan loss was RM23.6 million in Q1. Q2 is RM2.66 million .... Loss drop by 89%

Hopefully, Q3 & Q4 sees profit. They expanded too much for COVID so fixed cost increased. Now they shld scale down to cut cost to be profitable.


Likesung
Harta punya pasal lah

Sounds about right

rizerlee

Operating cost is higher than Revenue.
demand is getting bad and chinese competition getting tense
Company need to start fire somebody to keep the cost low

Endgame missed chance to buy at Rm1 ma ...

OK la .. gloves department losses decrease from ( 34,904) to ( 12,073). Hopefully, it will be profitable in Q3.

Now ask your friend whether Kossan is profitable last quarter ... then report here, Thx u...hehehe

EverettLee

Won't privatize la. Ask a friend of mine who working there

51% will trigger Mandatory offer. But doesn't mean Kossan would want it. If they privatise, they need to fork out Rm1.7 billion. I don't think they be interested. They would end up with Rm270million in balance sheet to operate Kossan. Is that enough? Moreso interest rate is going up, debt won't be favourable to them to privatize. That's just my 2 cents.

I don't know.

@Chipee. Hmm, do you think they will privatize this company?

Yes. Agree. But they are dangerously close to 51% that may trigger privatisation.

EverettLee

Continuous shares buyback from the directors. Good sign

I am waiting for these event to happen in China. China manufacturing out from US market. Competition from China in the glove sector is eliminated. Lets hope.

https://theedgemalaysia.com/node/673621

ABRDEEN is making Kossan look good. They keep accumulating.

You see ABRDEEN bought at 1.28-1.30 range while TP is 1.08. Why? Never trust TP.

Foreign investors leaving Msia. Good time to pick up some good shares if you hv bullets.
TP from institutions will be lower when they want to buy. Higher when they want to sell. .. I don't really care Target Price reports. I take them as my opponents.

Turnover can be down. Net profit is most important.
Anyway, I was in at 1.05 when KWSP was dumping last year. I'm good. No need to average down. Long term for me.
alenac
Averaging down? Turnover declining every quarter till the last one. What's the rationale?

YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

Q2 report better be profitable for Kossan to see it move up. Harta and Topglove are big so their overhead cost is high. They will hv harder time to be profitable.

Something abt financial service bcoz Bjcorp bought a license to venture into the financial sector.

Kossan boss buys Bjcorp at private capacity. Not with Kossan Bhd's money.

What show is that?

Foreign investors leaving Msia market. I suspect they are heading for Japan market.

The whole market is down. Expect to drag Kossan down too.

hopefully G7 meeting would decouple their economy from China. This would shoot Kossan to the moon.

rohank71 ... why u say like that? Any proof?

SonniaFang . No idea but won't be as big scale as Harta. Decommission old lines is good. Maybe upgrade to latest and more efficient system. Less labour. Better margin in the future when market normalize. I;m in it for the long run.

SonniaFang ... Yes. <CORRECTION>

“With idle capacity available, Kossan also took the opportunity to decommission two to three older manufacturing plants that are less efficient, and to only focus on newer and faster lines in order to improve cost efficiency,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Harta is profitable at 41.2m without the loss of decommissioning their Bestari Jaya plants. I think gloves has turned the corner to profitability.

StartoftheBull: Yeah .. I don't why Kossan is so hated when it is the most well managed.

Endgame : It's ok. I was already in at average 1.05 way back when EPF was dumping. I'm good.

Aiyah ... miss the boat.

Below 1.10 .. I'm stocking up.

Endgame: Where u got this news? U invent yourself is it? Show link la...

DestinyL ... True. I agree. If Kossan can capitalize their 2 billion cash to automate their production and reduce labour workers would be good.

“With idle capacity available, Kossan also took the opportunity to decommission two to three older manufacturing plants that are less efficient, and to only focus on newer and faster lines in order to improve cost efficiency,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Natsuko must had got burnt bad losing money in glove stocks .... hahaha

Kossan shld just pay better dividend with their 2 billion cash. Their price shld be higher too. Kossan is like the kiamsiap uncle keeping all his cash under his mattress.

Harta just pays better dividend. Also, that's why NTA lesser than Kossan.

If Kossan is loss. Harta and the rest will go into loss too.

Yeah .. kinda late.

If it hits 1.10. I'm going accumulating more.

Nat gas just hit below $2. Energy cost for gloves has GONE DOWN!!!!
Hopefully a profitable year for Kossan.