KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.10

Today's Change

-0.02 (0.94%)

Day's Change

2.08 - 2.12

Trading Volume

4,741,800


18 people like this.

15,738 comment(s). Last comment by Chipee 1 day ago

ket4212

589 posts

Posted by ket4212 > 1 month ago | Report Abuse

ABRDN and KWSP accumulate

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

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

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

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.

ryoyagod

140 posts

Posted by ryoyagod > 1 month ago | Report Abuse

Big funds know how to buy low

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

Follow EPF chipping in, hehe

carimakan

2,491 posts

Posted by carimakan > 1 month ago | Report Abuse

time to buy ka? prepare wang besar skit.. baru syiok maa!

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

If I didn't sell down 76% of my accumulated stake above $2 recently, my paper profit would have vanished by now....fortunately I crystallized 428.28 of net profit on those 4 partial sales!

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

Best Buy13020
Best Sell 6061

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

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

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

ryoyagod

140 posts

Posted by ryoyagod > 1 month ago | Report Abuse

Quite weird... Kossan didn't move up much after ABRDN and EPF collected it

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

Best Buy 20638
Best Sell 6840

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

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

Well, I just SOLD down my remainder stake @ the $1.87 open down to the last 388 shares, which I will likely hold on for posterity as a sentimental reminder of a rare 100% win record on a glove stock!😊🎱🎼

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

Nice choice, dompeilee. I believe Kossan will break RM2 again and continue to move higher for sure

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

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

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

then can say that Kossan will present decent gross profit margin in the next q

ryoyagod

140 posts

Posted by ryoyagod > 1 month ago | Report Abuse

I predict Kossan will pass Rm1.90 next week 😎

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

They will pay money to resume the operation, no biggie

ryoyagod

140 posts

Posted by ryoyagod > 1 month ago | Report Abuse

Nice, EPF collected again. They sold myeg and buy this 😁
https://klse.i3investor.com/web/insider/detail/SBSH_581858_2019809574

Chipee

245 posts

Posted by Chipee > 1 month ago | Report Abuse

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

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

On the way to break rm2 again

ChandranG

249 posts

Posted by ChandranG > 1 month ago | Report Abuse

dividend is coming on 8 Apr. Use that money to reinvest in Kossan 😙

Chipee

245 posts

Posted by Chipee > 3 weeks ago | Report Abuse

Best Buy 10127
Best Sell 1363

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

ryoyagod

140 posts

Posted by ryoyagod > 3 weeks ago | Report Abuse

Phillip Capital has initiated coverage on the Malaysian rubber glove sector with an “overweight” rating and said the supply-demand dynamics for the glove market are expected to further recover in 2024. https://theedgemalaysia.com/node/706580

Jack888

834 posts

Posted by Jack888 > 3 weeks ago | Report Abuse

kossan is going to wake up....uptrend.

Chipee

245 posts

Posted by Chipee > 3 weeks ago | Report Abuse

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.

ChandranG

249 posts

Posted by ChandranG > 3 weeks ago | Report Abuse

Fantastic, it breaks Rm2 after good news about gloves coming out

Mini2021

1,388 posts

Posted by Mini2021 > 3 weeks ago | Report Abuse

RM 2.5 TP end of April after result

Chipee

245 posts

Posted by Chipee > 3 weeks ago | Report Abuse

Fair value is Rm3. Base on same outstanding shares.

Mini2021

1,388 posts

Posted by Mini2021 > 2 weeks ago | Report Abuse

RM 2.5 reach soon

ryoyagod

140 posts

Posted by ryoyagod > 2 weeks ago | Report Abuse

Raya rally for Kossan 😊

ChandranG

249 posts

Posted by ChandranG > 2 weeks ago | Report Abuse

Demand, prices for medical, surgical rubber gloves rising

https://thesun.my/business/demand-prices-for-medical-surgical-rubber-gloves-rising-expert-PC12320492

ket4212

589 posts

Posted by ket4212 > 1 week ago | Report Abuse

kossan declared dividend

newbie5354_

1,240 posts

Posted by newbie5354_ > 1 week ago | Report Abuse

DPS 4 sen vs EPS 0.56 sen why possible?

Deekay

163 posts

Posted by Deekay > 1 week ago | Report Abuse

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.

ChandranG

249 posts

Posted by ChandranG > 1 week ago | Report Abuse

Nice, can get another dividend in July

Chipee

245 posts

Posted by Chipee > 1 week ago | Report Abuse

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.

5354_

4,599 posts

Posted by 5354_ > 5 days ago | Report Abuse

2 sen dividend not because coming Q1 24 QR good?

5354_

4,599 posts

Posted by 5354_ > 5 days ago | Report Abuse

Excess cash already have for many years why only given this year?

ryoyagod

140 posts

Posted by ryoyagod > 5 days ago | Report Abuse

You need to ask the management about that, 5354_ 😆

ryoyagod

140 posts

Posted by ryoyagod > 5 days ago | Report Abuse

Email their IR or management, perhaps

ChandranG

249 posts

Posted by ChandranG > 4 days ago | Report Abuse

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

https://theedgemalaysia.com/node/708594

Chipee

245 posts

Posted by Chipee > 3 days ago | Report Abuse

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

Chipee

245 posts

Posted by Chipee > 2 days ago | Report Abuse

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

5354_

4,599 posts

Posted by 5354_ > 2 days ago | Report Abuse

Luxchem(Kossan bought last year) QR just out which show improvement YOY and I heard BJ Corp(Kossan bought at 25 sen) may get 2nd casino license.

Chipee

245 posts

Posted by Chipee > 1 day ago | Report Abuse

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

KimSua

418 posts

Posted by KimSua > 1 day ago | Report Abuse

Hope to see KOSSAN good results follow by HARTA. Follow by US tariffs by Biden administration b4 end of may

KimSua

418 posts

Posted by KimSua > 1 day ago | Report Abuse

https://content.govdelivery.com/accounts/USDHSCBP/bulletins/3968292 shanghai safety products Include nitrile gloves. US has started the non tariff trade barrier and expect to see more of them. China bashing is back in the news

Chipee

245 posts

Posted by Chipee > 1 day ago | Report Abuse

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

Chipee

245 posts

Posted by Chipee > 1 day ago | Report Abuse

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.

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