Posted by Coffin Dance > 2020-08-25 17:31 | Report Abuse

like this consider good? tomorrow expect to eat bananas liao la

the price have stretched ahead too far

blood will be spilled again

Posted by kens88 > 2020-08-25 17:31 | Report Abuse

Result out
Rev: 700m
Pat: 131m

Is this considered good?

Posted by kens88 > 2020-08-25 17:32 | Report Abuse

Record high btw

Posted by Apple1234 > 2020-08-25 17:32 | Report Abuse

You can see Supermax result

Posted by JohnFarmer458 > 2020-08-25 17:32 | Report Abuse

@kens88 above expectation, Kossan did not raise ASP much like Harta. expectation is 80m PAT only

Posted by MaiKanCheong > 2020-08-25 17:33 | Report Abuse

good results!

Posted by mh87 > 2020-08-25 17:34 | Report Abuse

Congrats Kossan holders,

All time profit record..

Posted by gloveharicut > 2020-08-25 17:34 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-08-25-story-h1512515849-KOSSAN_Net_Profit_131M.jsp

Posted by staypositive > 2020-08-25 17:34 | Report Abuse

Not bad. We hope everyone earns money. 133Mil is quite good.

Posted by WBJS > 2020-08-25 17:35 | Report Abuse

Seem like the result much below expectation

Posted by Energiser > 2020-08-25 17:35 | Report Abuse

Current Year Prospects
The COVID-19 pandemic has had a significant impact on the world economy. In June 2020, the International
Monetary Fund in its latest World Economic Outlook (“WEO”) report has revised the global growth for 2020
to -4.9% (April 2020 WEO: -3.0%) indicating a more negative impact than anticipated, with a recovery that is
projected to be more gradual than previously forecasted.
Against this backdrop however, the need for personal protective equipment, including rubber gloves has
increased significantly. In its July 2020 industry briefing, the Malaysian Rubber Glove Manufacturers
Association (“MARGMA”) projected global glove demand to grow 20% to 330 billion pieces in 2020 (2019:
298 billion pieces), with Malaysia expected to export 220 billion pieces of gloves valued at RM21.8 billion in
the current year compared with 170 billion pieces worth RM17.4 billion in 2019.
The Technical Rubber Products division has been impacted by the Movement Control Order as well as the
slowdown in the infrastructure and automotive industry as a result of the pandemic. However, the TRP’s
division only constitutes less than 4% of revenue currently. The division has since resumed full operations after
the government began easing the lockdown measures and the Group expects this division will remain
profitable.
For the Gloves division, the COVID-19 outbreak started in China and subsequently spread to Europe and the
USA in March 2020. New cases continue to be high with concerns of a second wave occurring as countries
around the world reopen their economies. As a result, the demand for protective gloves grew exponentially,
leading to a supply-demand imbalance. With our selling prices for gloves quoted 45-60 days before delivery,
the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-on-
quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020.
Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further
step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in
the 4th quarter of FY2020.

Posted by Coffin Dance > 2020-08-25 17:35 | Report Abuse

aduihai

eps 10.25sen

tutup mata, kasi 4 quarters same earning 4 x 10.25 = 41 sen

of course there will be ppl argue got ASP raise bla bla bla..give it a PE of 30 la to covers all those ASP revision if got la

41 sen x 30 = 1230 sen only = RM 12.30 max

now share price RM 14.64 !!!

terus mati kudasai, tomorrow another round of blood

Posted by gloveharicut > 2020-08-25 17:36 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-08-25-story-h1512515871-KOSSAN_proposed_1_1_Bonus.jsp

Posted by stevee > 2020-08-25 17:36 | Report Abuse

Glove bubble bursts

Posted by _phoenix_ > 2020-08-25 17:36 | Report Abuse

Congrats to all who held steadfast you deserved to win

Posted by smallfishy > 2020-08-25 17:37 | Report Abuse

131mil..not bad la...but cnt go rm20 le

Posted by billionn > 2020-08-25 17:37 | Report Abuse

Time to short kaw kaw this counter

Posted by _phoenix_ > 2020-08-25 17:38 | Report Abuse

wait for @Apple1234 to come scold haha

Posted by Energiser > 2020-08-25 17:38 | Report Abuse

ASP increase only reflected from June and best quarters will be 3rd and 4th quarter as ASP and spot orders will increase very aggressively (as aggressive as Topglove accordong to Maybank research report) in upcoming 3rd and 4th quarter.

Posted by Knm_bottomed > 2020-08-25 17:39 | Report Abuse

Good result. Double last quarter. Just like hartalega

Posted by MuchenOrb > 2020-08-25 17:39 | Report Abuse

"For the Gloves division, the COVID-19 outbreak started in China and subsequently spread to Europe and the USA in March 2020. New cases continue to be high with concerns of a second wave occurring as countries around the world reopen their economies. As a result, the demand for protective gloves grew exponentially, leading to a supply-demand imbalance. With our selling prices for gloves quoted 45-60 days before delivery, the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-on-quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020. Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in the 4th quarter of FY2020. "

The real Kossan not reveal yet. Best yet to come

Posted by kens88 > 2020-08-25 17:40 | Report Abuse

Lol. So need wait another quarter?

Posted by idkdontaskmelol > 2020-08-25 17:41 | Report Abuse

Alamak Kossan PE now higher than spmx. Where is the sour joyvest? Tot he keep say Kossan PE lower, shud buy? Funny ppl use trailing PE for glove aiyohhh smh. Now higher than spmx how? Come come join spmx! Kikiki

Posted by Apple1234 > 2020-08-25 17:41 | Report Abuse

Phoenix: use your pig brain and think it

Posted by niubility666 > 2020-08-25 17:42 | Report Abuse

EPS higher than harta ... but martket cap lower than harta

Posted by slts > 2020-08-25 17:42 | Report Abuse

only double Q on Q, where got good

Posted by faralenz77 > 2020-08-25 17:42 | Report Abuse

Good results.

Posted by Energiser > 2020-08-25 17:43 | Report Abuse

kens88 might not need to wait another quarter as the stock market is a forward looking mechanism as the stock will reflect the future outlook rather than historical results.

Posted by supersinginvestor > 2020-08-25 17:43 | Report Abuse

Better than harta. Good results. Next qr even higher..

Posted by noobietrader69 > 2020-08-25 17:45 | Report Abuse

I have already warned all of you since June to move your money from Kossan and Harta to Supermax, at the time of the warning, Kossan was trading at 2x higher price than Supermax, and Harta was trading at 3x higher price than Supermax.

This is what happens when you don't do research.
131m is a joke.
To those who are still asking why only 131m? haha, do yourself a favor and quit stock market

Posted by _phoenix_ > 2020-08-25 17:46 | Report Abuse

@Apple1234 go use your inflated ego back to your cave, your favorites dropped more than 2.00

Posted by Coffin Dance > 2020-08-25 17:46 | Report Abuse

in short, the price movement have already factored in all the future postive news like ASP hike, long orders.

that events suppose to happen 6 months down the road but the share price have already moved 6 months in advance to reflect the positive events.

better lock all the profit, salvage whatever you can

Posted by EatCoconutCanWin > 2020-08-25 17:47 | Report Abuse

Good results but not sustainable

Posted by _phoenix_ > 2020-08-25 17:48 | Report Abuse

good results and will be much better , good things come to those who wait

Posted by _phoenix_ > 2020-08-25 17:49 | Report Abuse

@EatCoconutCanWin the risk of your favorite is that the next qtr may not meet expectations I'm just saying

Posted by Apple1234 > 2020-08-25 17:49 | Report Abuse

Now all slap your own mouth, cant refute me.

Posted by MuchenOrb > 2020-08-25 17:50 | Report Abuse

Better than all pharma counters, vaccines also not there yet. What are they chasing? Real vaccine?

@kens88, Lol. So need wait another quarter?

Posted by Apple1234 > 2020-08-25 17:52 | Report Abuse

Supersing: use your pig brain think it how Topglove and Supermax next quarter results compare with Kossan?Have you do homework?

Posted by Knm_bottomed > 2020-08-25 17:52 | Report Abuse

Good results but many try to paint bad picture here. tomorrow gap up

Posted by Up_again > 2020-08-25 17:53 | Report Abuse

PE close to 40 at current price, not very convincing

Posted by Sean888 > 2020-08-25 17:53 | Report Abuse

Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in the 4th quarter of FY2020.
7

Posted by Maxprofittt > 2020-08-25 17:54 | Report Abuse

https://www.malaymail.com/news/life/2020/08/25/top-us-health-official-apologises-for-touting-false-plasma-data/1896908

Posted by goodjoe > 2020-08-25 17:55 | Report Abuse

Congrats to Kossan investors.

Posted by _phoenix_ > 2020-08-25 17:56 | Report Abuse

only dumb dumb take a personal issue with what others prefer to invest in smh

Posted by blood7 > 2020-08-25 17:57 | Report Abuse

Kossan bonus issue!.... nice..... as predicted :)

harta the odd one out, maybe next year lah.......


Posted by blood7 > Aug 22, 2020 7:08 PM | Report Abuse X

Malaysia Top 5 glove makers :-

Top Glove -bonus issue approved
Supermax - bonus issue approved / treasury share dividend declared
Riverstone - bonus issue declared
Hartalega - ???

KOSSAN - akan datang after results next week?

Posted by infinity888 > 2020-08-25 17:58 | Report Abuse

goodjob kossan

Posted by super aloha > 2020-08-25 18:03 | Report Abuse

Tomorrow sure limit up to 18.80 ......haha..

Posted by jeffrey1166 > 2020-08-25 18:04 | Report Abuse

hope tml can rebound as the results not too good right

Posted by johoran > 2020-08-25 18:04 | Report Abuse

Management has provided guidance for the ASPs for Jul’20 (+15% vs 2Q20) and Aug’20 (+40% vs 2Q20), which we believe are higher than its peers’, due to the repricing of its products to match current market prices and the higher demand for rubber gloves. KRI wasn’t able to benefit much in 1H20 as the selling prices had been locked in before the spread of COVID-19; hence it is playing catch-up (in terms of selling prices) in 2H20. Nevertheless, the guidance for post-Sep’20 deliveries is similar to its peers’ at around +5% mom, which we believe is reasonable given the increase in the number of COVID-19 cases. Kossan’s order book is currently for more than 12 months.

Posted by blood7 > 2020-08-25 18:06 | Report Abuse

all my 4 gloves counters give bonus shares!..... harta i sold too early, anyway turned out no bonus, so correct in the end to concentrate on the other 4 counters lol.....