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2024-01-12 13:01 | Report Abuse
You see their disposed number and date are the same? They are the same group. They sell one time, 3 names are registered at the same time.
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P. (a substantial shareholder) disposed 4,272,000 shares on 10-Jan-2024.
CONCORDANT INVESTMENTS PTE LTD (a substantial shareholder) disposed 4,272,000 shares on 10-Jan-2024.
CLARINDEN INVESTMENTS PTE LTD (a substantial shareholder) disposed 4,272,000 shares on 10-Jan-2024.
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P. (a substantial shareholder) disposed 5,300,000 shares on 09-Jan-2024.
CONCORDANT INVESTMENTS PTE LTD (a substantial shareholder) disposed 5,300,000 shares on 09-Jan-2024.
CLARINDEN INVESTMENTS PTE LTD (a substantial shareholder) disposed 5,300,000 shares on 09-Jan-2024.
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P. (a substantial shareholder) disposed 3,213,100 shares on 08-Jan-2024.
CONCORDANT INVESTMENTS PTE LTD (a substantial shareholder) disposed 3,213,100 shares on 08-Jan-2024.
CLARINDEN INVESTMENTS PTE LTD (a substantial shareholder) disposed 3,213,100 shares on 08-Jan-2024.
2024-01-12 12:57 | Report Abuse
Affinity, Concordant and Clarinden are of same group. So far they had disposed 23% of their holdings.
But they still hold 240million shares.
2024-01-11 17:09 | Report Abuse
So will it drop tomorrow?
2024-01-08 11:32 | Report Abuse
Many investors are looking at Msian glove this way:
Pre-covid: Harta Rm5.20. Kossan: Rm2.10
Now: Harta: Rm2.98. Kossan: Rm1.97
So Harta has more room to catch to Pre-covid price while Kossan already almost there.
But that is a wrong idea. Again, pre-covid is about expansion on production capacity. NOW it is about COST EFFICIENCY in production. Moreso, Harta had cut production capacity by significant amount compare to pre-covid.
So we look at quarterly report ending Sept 2023. (Standalone quarter. Not cumulative)
Harta: Revenue: 452,085. Operating Expenses: (436,163). Cost/Rev : 96.48%
Kossan: Revenue: 403,479. Operating Expenses: (373,822). Cost/Rev : 92.65%
So Kossan already caught up and exceeded Harta on COST EFFICIENCY.
So in this context, Kossan actually got more room to grow. Hopefully, we can see this on Q423 report.
2024-01-08 10:16 | Report Abuse
Meanwhile, RHB Research said the product quality from Chinese glove makers were on a subpar level, also evident from the multiple import alerts by the United States Food and Drug Administration (US FDA).
βAccording to the latest import alert dated Dec 26, 2023 issued by the US FDA, 10 Chinese firms were issued import alerts by the agency in the fourth quarter last year, given that the shipment of medical gloves was found to be in violation of defects detected by the US FDA,β it noted.
https://www.thestar.com.my/business/business-news/2024/01/08/rubber-glove-players-in-for-recovery
2024-01-08 10:02 | Report Abuse
I believe when China stops their zero-covid policy, they will be facing the same problem like Topglove. But then again it's China, they can just let go of their workers without compensation. hehehe....
2024-01-08 09:51 | Report Abuse
And in comparison to China .... Kossan utilization rate is 50%. Most Msian gloves are in utilization of 50% or below.
China is 90% ... becoz China has zero covid policy and they are still facing covid problem. Most gloves are for their Men-in-White-Suits and of coz doctors. So their gloves are really for internal use.
Many feels that once they stop zero-covid, ASP will be greatly suppressed bcoz China will have higher capacity to export out. I totally disagree bcoz if this is true, then China should run at 100% utilization rate.
I believe when China stops zero-covid policy, their utilization rate will be in line with Msia's rate of 50%.
2024-01-08 09:39 | Report Abuse
I take Harta to be the benchmark. Kossan is more valuable than Harta ... In my humble opinion.
Once Kossan hit same price like Harta .. maybe I'll consider to let go. So either Harta comes down to meet Kossan price... or ... Kossan go up to meet Harta. But it's all speculation on my part.. But that's how I decide now bcoz I'm holding for long term investment.
HArta has 3.4bill outstanding shares. Kossan has 2.55bill outstanding share. If overall value of Kossan is more than Harta or even the same ... Kossan shld be price higher than Harta per share basis.
Pre-covid ... all gloves companies are just racing to expand to catch up with TopGlove's capacity. But now is different story. Being too big means higher overhead cost and not profitable.
Post-covid is optimum capacity to be profitable. So Kossan is going for better efficiency in production via automation and reduced workers. They already did that from 6000 workers to 4000. They can keep going to reduce their overhead cost. With their 2 bill cash, they can easily upgrade their production line.
2024-01-05 15:32 | Report Abuse
Shld wait after dividend ex-date. 11 Jan 2024.
Price may drop then to buy more.
lazzo88
It's oversold and may be can consider chipping in some now
2024-01-05 15:31 | Report Abuse
Hahahaa ... that's a good one bro.
Don't worry. The court case may take 3 years (Comparing to Grab vs MyCC case) before verdict is out.
Profit 120mill per quarter x 12 qtr = 1.44bill. Still good if the verdict comes out either way.
ChekHupCoffee
Mycc must investigate Indian barber cartel. Price has increased to rm15. Pre-pandemic rm10, after rm13. Now rm15.
2024-01-05 15:17 | Report Abuse
Did you even get to buy YTL , YTL POWER , RANHILL and IWCITY at the low ?
Some of us bought in at Rm1 for Kossan. π
NatsukoMishima
Whole malaysia sapu YTL , YTL POWER , RANHILL and IWCITY tickets now , but u still dreaming in 2020 glove frenzy ! π€£π€£π€£
2023-12-30 00:40 | Report Abuse
I check on this website S!mply W@ll Str33t. replace !=i , @ = a, 3 =e.
Google it. . i3 refuse even post the webiste here.
Dakewlest
Chipee, where to read about affin hwang accumulating kossan stock?
2023-12-28 09:39 | Report Abuse
I think rotation play for expectation on recession by EPF. Sime rid of hospital (healthcare) which is resilient during recession and into cars (UMW) which is discretionary and bad during recession.
hhhiii123
Epf dump so much but share price on fire, hehe
2023-12-28 09:12 | Report Abuse
Affin Hwang has been accumulating Kossan. Up 1021.23% from their previous holding.
2023-12-27 02:19 | Report Abuse
No need to say anything la . Just sue MyCC CEO for defamation for calling LHI a cartel. Kawtim....
gankm
Tan Sri Francis, please come out and say something. This has ruined the reputation of LHI.
2023-12-26 14:44 | Report Abuse
GRAB sued MyCC. Took 3 years for verdict for GRAB. SO assuming LHI vs MyCC takes the same period of time ....LHI would have made the profit to cover the fines. But LHI should win if court is fair.
2023-12-26 14:39 | Report Abuse
OH another thing more shocking ..... USD went up in PRICE.
MyCC should fine Bank Negara !!! πππ€£π€£π€£π€£ππ€£
Dumb people would probably do it. .... Hahahahaha
2023-12-26 14:07 | Report Abuse
Just Googled this ....
Padiberas Nasional (Bernas), a local conglomerate that controls rice distribution, last month announced a 36% rise in the price of imported rice, prompting people to seek out cheaper local rice.3 Oct 2023
MyCC should fine BERNAS.
2023-12-26 14:03 | Report Abuse
During COVID, rice price also went up. MyCC didn't fine Bernas. Why?
Chicken and egg go up in price and they attack the 5 companies blaming on chicken feed ... bcoz they are Chinese owned. Racist government is BACK guys.
Chicken feed is made of soy meal and corn. Just like a commodity like rice. All commodity went up in price.
newbie_2018
Ayam, telur mahal because of LHI?
Pakcik Kiah
Pay the price for the crooked profits. I am sure this has been going on for years.
izoklse
In rupanya company pengkhianat negara. no wonder shareholder all selling and run. Government should not only fine 500 Mil. Patut fine 1 Bil and make them bankrupt to teach them and send message to other cartel. You go again govt wish and rakyat wish you will sakit or ditidurkan.
2023-12-26 03:48 | Report Abuse
After LHI win the case against MyCC on the fine . LHI should sue MyCC CEO personally for defamation ... calling LHI a cartel.
2023-12-22 23:53 | Report Abuse
MyCC can lose in court. Example, Grab won case against MyCC's fine. Leong Hup can win too.
https://www.malaymail.com/news/malaysia/2023/07/06/high-court-quashes-myccs-rm8677m-proposed-fine-against-grab/78251
Ayong21
Any brave soldiers sapu-ing LHI shares ? Company announce will take legal action against Gov Mycc decision. Get popcorn ready and watch show.
2023-12-21 18:15 | Report Abuse
I see the price on upward trend. See if it breaks the 1.85 resistance... again.
2023-12-20 15:06 | Report Abuse
Another thing from PIBB
Notably, the operating margin for 3QFY23 at 12.18%, has returned to near the prepandemic level.
This is good. :)
2023-12-20 14:27 | Report Abuse
The word w@rmer was banned ... πππππ€£ ... replace "a" with "@"
Why?
2023-12-20 14:25 | Report Abuse
Wah lau ... I had to filter out one by one to check which word/sentence was censor by i3.
2023-12-20 14:24 | Report Abuse
2 good points I'm happy abt from PIBB
- Kossan is set to revamp its old machines and invest in automation, with an anticipated cost >RM100m in FY24F
- Kossan has also implemented workforce reduction, cutting its headcount by c.33% to 4,000 from a total workforce of 6,000 in FY22
Higher productivity and efficiency overall. Catching up with Hartalega. Kossan will show good profitability for now onwards. Kossan actually beat Harta in earnings for Q3.
2 points I disagree with PIBB
- Meanwhile, natural gas cost is expected to climb higher in 1QCY24, attributed to a time lag effect, but it is expected to normalize in the 2HCY24.
Msia Gloves was losing money bcoz natural gas was at USD6 - 9 in 2022. January 2024 contract for natural gas is around USD2.50, which is low and profitable for gloves. Time lag doesn't make sense, Dec contract was higher at USD3. but down to USD2.5 in Jan. Trend is showing downward pricing.
- While we anticipate Kossan to exhibit resilience in the short term, a note of caution is warranted for the long term as China's on-going expansion is likely to further solidify its dominance in the global market, at the expense of Malaysian glove makersβ market share.
Again on quality, especially used in Medical environment. Higher quality also has high shelf life. They can be more choosy now that it's no longer urgent use during COVID time.
Europe and US "de-risking" from China.
China expansion is for China use at the moment. THey are still facing COVID/Pneumonia cases and it's not so much of COVID is serious or not ... it's more of CHina policy of zero-covid target. The gloves are used more by the "men in white suits" spraying and sanatizing the area than doctors.
2023-12-18 21:55 | Report Abuse
Why so slow one Topglv qr result? Got a feeling gonna be bad like Supermax. Late qr result also. hai ....
2023-12-18 12:40 | Report Abuse
Not just that. Glove seeing recovery in demands.
ryoyagod
Wow, suddenly gloves sector shooting up today. Resurgence of COVID-19 cases?
2023-12-17 01:22 | Report Abuse
Nice ... :)
klee
Sounds familiar ? :)
2023-12-15 12:37 | Report Abuse
AS for Topglv .... I'm not counting on them for good result. I hope they can pull through but chance are low bcoz of their size. Supermax didn't come out with a good result and they are the same size as Kossan.
2023-12-15 12:35 | Report Abuse
KLEE, totally agree. I'm looking at nat gas hovering at reasonable price. I believe Qtr4 would be good. And Jan24 nat gas contract is selling below 2.5 ... we will see better result for Q124. It's all up earning from here forth.
2023-12-15 09:29 | Report Abuse
It's the end of the year. These funds are rebalancing their portfolio. Some are taking profit to provide dividends to their investor or for tax purposes. So these selling is no issue. Wait till early next year. I believe more buying will ensue.
2023-12-15 09:28 | Report Abuse
It's the end of the year. These funds are rebalancing their portfolio. Some are taking profit to provide dividends to their investor or for tax purposes. So these selling is no issue. Wait till early next year. I believe more buying will ensue.
2023-12-14 19:00 | Report Abuse
Ya la .. just checked the MACD .... at breakeven point. Can go higher.
2023-12-14 18:58 | Report Abuse
Ya ka? OK lor .. Resistance 2.1 ... I likey :)
2023-12-14 17:39 | Report Abuse
Kossan must break resistance 1.85
2023-12-12 17:56 | Report Abuse
Then makan ayam from gerai2 lor .... no worries
facsc118
Still boikot mcd and kfc, ayam tak laku di indonesia and malaysia lo
2023-12-12 17:55 | Report Abuse
H1N1 not from Malaysia or ASEAN region. Maybe they hv to buy chicken from LHI ....
"Hong Kong has suspended imports of poultry meat and products from parts of the United States, Britain and Poland following outbreaks of highly pathogenic H5N1 bird flu."
https://www.scmp.com/news/hong-kong/health-environment/article/3244721/hong-kong-suspends-imports-poultry-meat-and-products-parts-us-britain-and-poland-following-h5n1-bird
2023-12-12 17:51 | Report Abuse
I never trust analyst TP. THey have they own agenda.
ChandranG
Lol, Kenanga's TP is ridiculously low
2023-12-11 14:25 | Report Abuse
And I see natural gas is ranging around USD2.50. Good.
This was the cost that caused losses to Msia gloves.
2023-12-10 12:02 | Report Abuse
Covid hospitalization increase in US and Europe. It comes in wave. Hopefully use up all old gloves and restocking is in order.
2023-12-07 21:09 | Report Abuse
I think expectation of decision by MyCC fines on 5 poultry feed companies coming year end. If LHI found guilty, fine is Rm154mill. But I don't think there will be a fine. Soy meal and corn price when up . Of coz price of chicken feed goes up. This MyCC simply abuse power ... KNN!
2023-12-07 09:26 | Report Abuse
This current ups and downs ... I take it as normal trading pattern. I ignore it. Does not upset me.
2023-12-07 09:25 | Report Abuse
Lu ho liao ... And lu are correct. Kossan is good. I'm excited to see Q4 result ... But hv to wait Feb 24 ... Some more dragon year ... see got boost on sentiment boh? Hehehe...
Penang_lang
Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.
2023-12-05 10:51 | Report Abuse
Anyway this recent down price is due to Clarinden Investments Pte Ltd dumping shares. They are 3rd most LHI shares.
2023-12-05 10:45 | Report Abuse
LHI cannot control the market price. These has to do with anchor investors that hold the shares. Maybe they dump after their lock-in period expired. Nothing to do with LHI.
gankm
Please remember the IPO price for LHI is $1.10. The share price started to drop after second day of listing and never ever went above $1.10. So is right to say LHI is a conman company just like Malakoff. Am i right?
2023-12-05 08:10 | Report Abuse
Ya. I know. Don't count on "new virus". Have to wait for another 100 years.
Waiting for oversupply during covid to finish and back to pre-covid orders/demands.
Likesung
Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize
2023-12-04 13:44 | Report Abuse
Why do you said that?
gankm
Better drop back to $0.50 cents. Really a conman company that like to con people. Investment bank should put it "sell" call instead of "buy" call.
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2024-01-16 16:43 | Report Abuse
Vaccine does not work
https://www.nationthailand.com/thailand/general/40034695