KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.08

Today's Change

-0.04 (3.57%)

Day's Change

1.07 - 1.11

Trading Volume

3,703,500


16 people like this.

14,769 comment(s). Last comment by Sharefisher 17 hours ago

stockraider

30,355 posts

Posted by stockraider > 1 month ago | Report Abuse

Kossan is one of the big 4 in gloves loh!

It is the most cash rich counter of the 4 loh!

Posted by Harimaugajah > 1 month ago | Report Abuse

Wonder why kossan buy that rubbish bcorp, really disappointed

EverettLee

243 posts

Posted by EverettLee > 1 month ago | Report Abuse

Got any big plan for both Tan's...?

5354_

3,799 posts

Posted by 5354_ > 1 month ago | Report Abuse

Why Kossan buy loss-making BJ Corp? No wonder down 5 sen. Want to own PB Bank indirectly is it?

5354_

3,799 posts

Posted by 5354_ > 1 month ago | Report Abuse

BJ Corp active today is it Kossan behind buying? Like not smart haha.

5354_

3,799 posts

Posted by 5354_ > 1 month ago | Report Abuse

BJ Corp if trade got profit why not sell?

5354_

3,799 posts

Posted by 5354_ > 1 month ago | Report Abuse

Gloves play comeback?

EverettLee

243 posts

Posted by EverettLee > 1 month ago | Report Abuse

Own Kossan also own BJ Corp indirectly. Haha

MrAction

62 posts

Posted by MrAction > 1 month ago | Report Abuse

Starting to move... ?

kl_guy

1,104 posts

Posted by kl_guy > 1 month ago | Report Abuse

BJ CORP , VT is a buaya klse. Anytime can makan the shareholder quitely . Kossan boss still go and deal with him. All the best.

DestinyL

4,065 posts

Posted by DestinyL > 1 month ago | Report Abuse

Nothing to do with Kossan Berhad, unrelated
https://www.youtube.com/watch?v=Uln1GI9FtnI

bulldog

11,914 posts

Posted by bulldog > 1 month ago | Report Abuse

Accumulation in progress


Huat chaiii

Sharefisher

5,328 posts

Posted by Sharefisher > 1 month ago | Report Abuse

Good morning... Still at 1.1 level.... Hope can improve in 2023..

DestinyL

4,065 posts

Posted by DestinyL > 1 month ago | Report Abuse

Cashed out of Supermx, holding Harta and Kossan for long term

vic_amat87

560 posts

Posted by vic_amat87 > 1 month ago | Report Abuse

Kossan hold cash equal to 80% of current share capital. They easily can privatize kossan if they want. Safe to hold kossan. Defensive stock with cash reserve.

DestinyL

4,065 posts

Posted by DestinyL > 1 month ago | Report Abuse

Strength of Harta would be being technical leader in the industry, and a very much upsized capacity which can leap further once demand returns. Both have their advantages

Sharefisher

5,328 posts

Posted by Sharefisher > 1 month ago | Report Abuse

Add another batch of kossan, so long waiting also cannot get below 1.

yfchong

5,355 posts

Posted by yfchong > 4 weeks ago | Report Abuse

Next direction mana pergi... ?

DestinyL

4,065 posts

Posted by DestinyL > 4 weeks ago | Report Abuse

Tunggu QR tengok wayang

DestinyL

4,065 posts

Posted by DestinyL > 4 weeks ago | Report Abuse

Most cash rich should still be Supermax

bang_miskin

1,019 posts

Posted by bang_miskin > 3 weeks ago | Report Abuse

Reached 1.04, accumulate. Below 1 accumulate some more.
QR next month very likely red, yet I still buy. People go Genting and judi. I go Bursa and judi. Who will lose more?

DestinyL

4,065 posts

Posted by DestinyL > 3 weeks ago | Report Abuse

Bought some, yummy

Endgame

601 posts

Posted by Endgame > 3 weeks ago | Report Abuse

Breaking news: Kossan owner acquired more Kossan share in the open market in view of improved ASP and plant utilisation. Kossan owner commented the situation and market of glove market is in recovering stage, company expected to normalise profit in few quarters

DestinyL

4,065 posts

Posted by DestinyL > 3 weeks ago | Report Abuse

Check Bursa announcement, its there

DestinyL

4,065 posts

Posted by DestinyL > 3 weeks ago | Report Abuse

The buying is also much bigger than those few months back

Endgame

601 posts

Posted by Endgame > 3 weeks ago | Report Abuse

Breaking news: Kossan will surprise everyone. To be announced

DestinyL

4,065 posts

Posted by DestinyL > 3 weeks ago | Report Abuse

Natural gas prices have fallen very drastically, probably not reflected in share price

Posted by undercutter > 3 weeks ago | Report Abuse

park more first, looking good right now

Endgame

601 posts

Posted by Endgame > 3 weeks ago | Report Abuse

Breaking news: Harta owner optimistic with the recover of glove ASP and plant utilisation and significant decreased of direct material price. Kossan plan to reward long term investors

Endgame

601 posts

Posted by Endgame > 3 weeks ago | Report Abuse

Breaking news; KUALA LUMPUR: Kossan Rubber Industries Bhd could be loss making in the first quarter of financial year 2023 (Q1FY23) as utilisation rate remains low at 50 per cent.

According to Public Investment Bank Bhd (PublicInvest), Kossan's earnings were expected to narrow in FY23 due to dampening average selling prices (ASPs) and escalating costs.

"As Chinese nitrile producers slashed prices to as low as US$13.50 per 1,000 pieces in November last year, ASPs are expected to remain under pressure in the coming quarters.

"Meanwhile, the average natural gas price has increased to RM64 per one million British thermal unit (MMBtu) in January 2023 from RM55 per MMBtu, while electricity cost increased by over 30 per cent. In addition, labour cost remains elevated due to supply shortage," PublicInvest said.

Although latex prices had eased, the firm said it was not sufficient to offset the impact of rising energy and labour costs.

However, Kossan's Technical Rubber Product segment should provide some cushioning effect though contribution is unlikely to grow, but to remain stable in the near term.

PublicInvest added that overall market demand remained weak with consumption falling below pre-pandemic level, mainly due to stockpiling and inflationary pressure.

"Therefore, we believe major customers would not have the urgency to place huge orders in the near term.

"Even though China is currently facing an outbreak due to the highly contagious Omicron variant known as XBB.1.5, a sudden surge in demand for imported gloves is not expected to occur as China has sufficient capacity to meet the potential increase in consumption," it said.

PublicInvest said Kossan was taking steps to reduce cost as well as conserve cash.

Despite its strong net cash position of RM1.9 billion, Kossan has placed its near-term expansion plan on hold amid oversupply issues.

"The number of its total workforce has also been cut from 7,000 to 5,000. We believe staff strength will continue to fall as Kossan adopts greater digitalisation in its production process."

PublicInvest trimmed its FY23-25 earnings forecast by 39-40 per cent to reflect lower ASPs and higher operating cost.

It also downgraded its call on Kossan to "Underperform" with a lower target price of 75 sen from RM1.23 previously.

Posted by tingpangeng > 3 weeks ago | Report Abuse

Buy and sell based on analyst report ? If analyst prediction is accurate , he/she will be the richest person on earth. Think about it !

Posted by tingpangeng > 3 weeks ago | Report Abuse

Quote: JPMorgan says a high cash position might still be the best strategy for investors, followed by high dividend yield equities such as British American Tobacco (Malaysia) Bhd, Gamuda Bhd, Malayan Banking Bhd, RHB Bank Bhd and Genting Malaysia Bhd, which offer a 6% to 9% FY2023 estimated dividend yield.

It also likes IHH Healthcare Bhd for being recession-proof and Kossan Rubber Industries Bhd as a defensive stock due to its cash holding of about 80% of its market capitalisation.

Posted by tingpangeng > 3 weeks ago | Report Abuse

So , whom to believe ?

yfchong

5,355 posts

Posted by yfchong > 3 weeks ago | Report Abuse

see lar ada ho sieh boh

Endgame

601 posts

Posted by Endgame > 2 weeks ago | Report Abuse

Breaking news: Cash rich company Kossan expected to reward shareholders from the excess cash which obtain during the Covid19 pandemic time with expectation Q2 2023 operational back to normal.

Posted by tingpangeng > 2 weeks ago | Report Abuse

That will be a welcome move without compromise funding needed for future expansion and contingency events

yfchong

5,355 posts

Posted by yfchong > 2 weeks ago | Report Abuse

let's see where is this Kossan heading.

Fat_tat

101 posts

Posted by Fat_tat > 2 weeks ago | Report Abuse

BJ Corp 25 sen collected so far how much? Almost 8%? Why Kossan cannot sell for profit?

MrAction

62 posts

Posted by MrAction > 2 weeks ago | Report Abuse

big 4 of glove will make a comeback....

DestinyL

4,065 posts

Posted by DestinyL > 1 week ago | Report Abuse

Haha someone is making sure Kossan not going up

vic_amat87

560 posts

Posted by vic_amat87 > 1 week ago | Report Abuse

Yes. Obviously, 1.08 they block kaw2

Endgame

601 posts

Posted by Endgame > 1 week ago | Report Abuse

Breaking news: Kossan will explore to acquire new growing business with the existing strong cash flow which obtain during the Covid19 pandemic to improve the revenue pipeline and bottom line result

stockraider

30,355 posts

Posted by stockraider > 1 week ago | Report Abuse

Do not be silly loh!

U can sell Bjcorp later at above Rm 1.00, why go for peanuts leh ?

Posted by Fat_tat > 4 days ago | Report Abuse

BJ Corp 25 sen collected so far how much? Almost 8%? Why Kossan cannot sell for profit?

Sharefisher

5,328 posts

Posted by Sharefisher > 1 week ago | Report Abuse

Collected another batch.

DestinyL

4,065 posts

Posted by DestinyL > 5 days ago | Report Abuse

Up 3.7% while the rest gain lesser, any news?

Posted by Wealthy99 > 2 days ago | Report Abuse

The biggest mistake ever made by Kossan boss is to acquire BJcorp. This is shark met "Sharkest"

DestinyL

4,065 posts

Posted by DestinyL > 2 days ago | Report Abuse

Maybe, but the boss used his own money, not Kossan's money

5354_

3,799 posts

Posted by 5354_ > 1 day ago | Report Abuse

25 sen BJ Corp bought already gain why complain?

5354_

3,799 posts

Posted by 5354_ > 1 day ago | Report Abuse

Big 4 gloves only Kossan profitable? Why cheaper than Harta?

Sharefisher

5,328 posts

Posted by Sharefisher > 17 hours ago | Report Abuse

Steady.... Just hope got dividend as rewards for holding kossan. No 2 no sell. Haha ha

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