Kossan up slower than the rest. Market is still trading on old mindset (basically pre-Covid). Kossan has almost zero debt and Rm2bill in cash. Utilization rate can easily filled up for higher demands. And their cash position can easily finance for expansion or production improvement (automation). We will see their Q1 2024 result and subsequently Q2.

Thx you KimSua. Good read.

COVID is over. I believe USTR will not extend the tariff exclusion beyond May 2024.

KimSua

Operations in HARTA and Topglove ramping up more lines relentlessly for last 3 months. What do you think is happening. US is preparing to diverse suppliers and reduce exposure to China as the tariff exclusion clause 301 most likely to end by May.

Got a feeling Kossan wants Harta to release their results first. What do you guy think?
Before covid, Kossan usually release around 25 May.

You can check in 'Simply W@ll Street' (Google it). It shows in "Ownership" section.
(Replace @ with 'a' ..... I don't know why forum disallow posting my comment.

TeoYeo
I saw someone saying that Kenanga further increased its stake in kosaan, I don’t know if it’s true or not.

Yup he is back. Kossan from Rm1 to Rm2.30 .. He keep bad mouthing Kossan. And Kossan keep going up.
Miss the boat? 😂😂😂🤣😂😂🤣😂🤣

Wahlau... why so late the Q1 result? ... sigh

Hopefully, taking so long ... sigh

KimSua

The qtrly by today?

KENANGA wrote a NEGATIVE review on glove and yet increase their stake in Kossan by 75.6%.
Never trust opinions on these institutional analysts. They have their own agenda.

US GDP Q1 24 is lower. IF Kossan can show good financial result Q1, we can see a rotation play that's favourable to Kossan.

Tomorrow Kossan release Q1 ... usually after office hour. Dam sien ... But result hopefully very good. No more impairment.

Kossan Sdn Bhd is in those deals. Not Kossan BHd. So has nothing to do with us.

Kossan released 2023 annual report today. Q1 24 report shld be out 2 days later ... on Friday.

Shouldn't Kossan be releasing their Q1 result by now?

Totally agree. The price would had been higher now.

Deekay
Bcos they have in excess of 70sen a share at least in cash in their books and with no new opportunity for expansion. They should have do this earlier by giving more back to the shareholders.

Moving up for dividend. Be careful after ex-date.

Fair value is Rm3. Base on same outstanding shares.

Kenanga said glove in underweight but support buy on the WORST of glove company... Supermax.
To me Supermax is worst bcoz the operate manufacturing in US. Highest labour cost for such low price product.

Best Buy 10127
Best Sell 1363

Buy is almost 10x more than Sell. Lets it see go up.

EPF is buying even AFTER ex-date for dividend is promising.

I hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24.

Best Buy 20638
Best Sell 6840

Buy bid is 3 times Sell. EPF and ARBN is buying for sure.

👍👍👍

xiaoeh

Good comments sharing Chipee

All glove companies are up except Kossan?
Big players manipulating the price.

Best Buy13020
Best Sell 6061

More bid to buy than sell by more than double... and price is depressed. Weird.

i've been waiting for 50cent for some time ...sigh...

Oh missed out another group of players. I call them Kopitiam Players.
They make FLIMSY comments based on rumours, personal feelings and crowd mentality.

Their comments are useful only for this reason. When price is up high and I see many of such comments to BUY because of their Kopitiam comments. It's time to SELL. This is no difference to this anecdote "when I hear the shoe shine boy talking abt the market, I know it's in a bubble".

Dear Investors,

Firstly, you must differentiate yourselves to be a long term investor or day trader. Then decide to buy, sell or hold. You can even be both by trimming some in cash position to buy more at lower price.

"Market expectations" on QR results are mainly institution investors. It doesn't represent the WHOLE market, which includes retail and some foreign investors. And institution investors are humans too. They have no psychic power to see the future QR results and price. It is only their EXPECTATION. The only difference is they have HIGH cash and equity position to somewhat move the market. But that is only on short term basis. So day traders usually (and should) play according to their music.

Anything else, like cost, demand (sales) and even the MYCC fine is just part of doing business. You must understand when some players shout BUY/SELL when price is moving up or down signifies them to be long term or day traders.

When price rockets up and they shout BUY are usually day traders. They are playing on sentiments and price movements. They will sell for profit and look at technical indicators again to decide on BUY/SELL.. They are gambling (and nothing wrong with that) by using technical indicators to better their odds.

When price plummets down with fundamentals still intact and they shout BUY are usually long term investors. Buying low to have Margin of Safety and hold for dividend or greater capital gain in the future. As mentioned earlier, some trim 20-30% of their position to have cash and buy when price is low. They will increase their total shares gradually. They too use technical indicators to decided.

So stop whining if you don't do your homework. Take any advise to BUY/SELL from this forum with a grain of salt.

You see what EPF is doing. EPF buys high volume and sell low volume. They are pushing the price down when selling. So they can buy back at lower price. Playing with sentiment.

2 big buyers are in.... Good. Clear up weak hands.

You should scroll up to old comments on Clarinden in this forum. They bought the share way below IPO price. They still make profit selling at 60cents.


bose00

The big investors eg Clarinden taking a huge loss frm this investment. From IPO and now at a discount selling a 1/2 price at 0,5x-0.7x.

Something goes wrong that we don’t know ? (Any info)

ARBN is buying. Nice.

Wanna buy, just buy. Wanna sell, just sell. No point guessing.
I'm just waiting for Q124 result coming in 2 months.
Let the price swing.

Free Cash Flow end of 2023 is 830million. That's crazy good.

I think they think can boost the shares they own by making comments like that 😂

SMInvest

Chipee @ They are very low morale and low educated

I don't why there's always some !d!ot come to forum telling people to buy another company?
And totally unrelated industry or analysis. 😂😂😂

It drops to 50cent... I'm loading up.

"Quarterly results is quite distorting" = Totally agree with this statement

Like I said "Wait to see the buyer."
Everytime price is suppressed, I notice a big buyer putting high volume buy.
See any desperate sellers taking the low price.

Since listed until 2021, it has been NEGATIVE cash flow. Only in 2022, their cash flow turn positive since they lowered CAPEX. So it should be good news from now onward.

Wait for the financial report. Look into the cash flow. That is more important bcoz every quarter since 2019, each quarter produce different Net profit. I believe LHI had slowed/stopped their expansion and upgrade in equipment hence lower CAPEX. This should show higher free cash flow. This should be the way. Hence, lower debt even more in near future. As debt get lower, dividend will get higher (hopefully).

This is a long term investment for me. Demand will always be there for chickens and eggs. Variable factors will be operational costs ... feeds, labour etc ... With CAPEX slows down, we will see better free cash flow.

Compare to Hartalega ... Harta revenue dropped 8% from last quarter.
Kossan revenue only dropped 0.8% from last quarter.

Kossan is in better position than Harta la ....

Yes yes ... it will fall to 25cents.... 😂😂😂
Come on man ... it made profit just slightly lower than last quarter. Kossan is recovering well. One-off impairment is just accounting record but no actual cash is spent. If you compare net operating cash flow between Q3 and Q4 2023, it's an increase of 73million. This Q4 result is actually good.

Wait to see the buyer.

TillyLovers

The counter drops like no tomorrow.

On Macro analysis: USD is climbing higher against RM and US interest rate is at all time high. Fear is Msia might hv to increase interest rate. Thankfully Kossan is at full advantage. Export revenue (45%) is in USD and negligible debt level. With demand improving, I see better near term future for Kossan.

Actually quite smart also. Report impairment loss for 2023 since that year already in the loss. Make 2024 high profitable year. As Harta reported, demand is picking up and nat gas (raw material) cost is coming down.

One-off impairment. But Operating Profit is within range Rm39mill. Good result. Better than Harta having Operating loss at a big gap. Kossan is improving production efficiency with automation hence the impairment. So I see better result 1Q24. Moreso, Nat Gas for March is below USD2. Net profit will be improved significantly 1Q24.

Coming Friday. Hopefully.

If Kossan can have growth in revenue and operating profit, then Kossan is more valuable than Hartalega.

Aiyoh ... Harta Operating loss ... -7.8million ...Revenue drop too.
Hopefully, Kossan can maintain profitable.