KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.20

Today's Change

-0.16 (6.78%)

Day's Change

2.19 - 2.35

Trading Volume

15,142,700


19 people like this.

15,950 comment(s). Last comment by Chipee 1 day ago

Kossan

303 posts

Posted by Kossan > 2020-09-11 15:51 | Report Abuse

Sell Supermax now. Buy Kossan.. @apple 12345. This guy has been supporting supermax and TG. Dunno for what it exist in this group

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 16:16 | Report Abuse

i dont buy son of the gun but mother one....

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 16:32 | Report Abuse

Apple loves to comment in this group .may be he feels more comfortable with the decent people here ...........

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 16:33 | Report Abuse

maybe we are more receptive to Apple's comments and lecture.....

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 16:34 | Report Abuse

next week , EPF will join the fun..........

Goldgent

1,348 posts

Posted by Goldgent > 2020-09-11 16:54 | Report Abuse

Remember to Watch tonight 8TV (八度空间) at 9pm

财经十四行:顶级手套"疫"军突起

Live interview with Top Glove boss, Tan Sri Dr Lim Wee Chai.

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 17:01 | Report Abuse

07/09/2020 14.58 MIDF Price Target
07/09/2020 18.30 HLG Price Target
07/09/2020 14.32 AmInvest Price Target

the above speak for itself before bonus share is to be issued

pang72

49,688 posts

Posted by pang72 > 2020-09-11 17:20 | Report Abuse

Drop to 5, I will buy

pang72

49,688 posts

Posted by pang72 > 2020-09-11 17:20 | Report Abuse

So high to buy...
I don't want to Joywest...

I want joyeast

Kossan

303 posts

Posted by Kossan > 2020-09-11 17:32 | Report Abuse

Joyvest. You r right. These ........ uses this group to promote other stocks. Really dunno what’s their intention

Posted by waltzingcrab > 2020-09-11 17:35 | Report Abuse

11 Sep 2020 5:17PM KOSSAN LIM KUANG SIA (981,900 units Acquired)
11 Sep 2020 5:17PM KOSSAN LIM KUANG SIA (981,900 units Acquired)

ginlim

39 posts

Posted by ginlim > 2020-09-11 17:42 | Report Abuse

Thnks for d info waltzinggeab

covid2019

204 posts

Posted by covid2019 > 2020-09-11 18:08 | Report Abuse

woahh all bosses doing share buy back wei...but this fellow already issuing bonus issue to dilute it...so something is not right la...very tricky...im stuck at 18.70 dont know how to average it out.

jibbie

762 posts

Posted by jibbie > 2020-09-11 18:33 | Report Abuse

Kossan boss buy back after I cut loss...haih

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 18:46 | Report Abuse

Jib ,you have failed to comply with rule no.1,no.2 and no.3.....too bad

joyvest

10,190 posts

Posted by joyvest > 2020-09-11 18:49 | Report Abuse

dilute or not is still the same group of shareholders with same share footing as before......

fizz27

139 posts

Posted by fizz27 > 2020-09-11 19:24 | Report Abuse

EPF and boss sudah mari

daisidoi

157 posts

Posted by daisidoi > 2020-09-11 20:06 | Report Abuse

All big bosses buyback shares. Rocket on the way. Next Monday all go up up

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-09-11 20:34 | Report Abuse

OMG.....Kossan Boss really buy back...no wonder Share go up....

Momday sure another round buy back....if Not...EPF will Azminin Kossan Boss

megat36

175 posts

Posted by megat36 > 2020-09-11 22:54 | Report Abuse

where is supersing now??? drinking alone huh?

Mabel

23,515 posts

Posted by Mabel > 2020-09-11 22:55 | Report Abuse

Let me put this way..if Air Asia investors can hold their shares at 66 sen for their loss making airlines, why can't Gloves Investors with their super duper Fundamental hold their shares?

Just think about it...

Meow

Mabel

23,515 posts

Posted by Mabel > 2020-09-11 22:56 | Report Abuse

@Apple1234 Guys, have see just now 8tv interview Topglove? Tan Sri Lim just now say latest by early next month ranking will take over maybank and public Bank. Possible Topglove share price go above RM15? Yesterday I already told you guys, when big 4 together correction, than what company you choose is very important. Always only choose strong engine power company to invest.
11/09/2020 10:15 PM

Apple always comes with smart comments...

Loves all the points mentioned by TS but this one is really my favourite. "Indicate that next Thurs market cap will likely exceed Public & Maybank"

Once this milestones is realised- TG (post BI) price will rocket and will be at par with my Harta/Kossan Price level..

P1 in KLCI is just like my Mercedes Benz...sitting in P1 comfortably for 8 consecutive years in the F1 Races.

Meow Meow Meow Meow

pumba8888

25 posts

Posted by pumba8888 > 2020-09-12 00:27 | Report Abuse

Good news..new report from Nasdaq..10/9/2020 article :
www.nasdaq.com/articles/ppe-market-booming-on-coronavirus-fears%3A-4-s...

According to Allied Market Research, the global disposable gloves market amounted to $6.8 billion in 2019, and is expected to nearly triple to $18.8 billion by 2027. Malaysia is the world's biggest maker of rubber gloves, accounting for around 60% of global exports. Per the Malaysian manufacturers' association MARGMA, worldwide demand is projected to rise from 296 billion in 2019 to 330 billion this year.

pumba8888

25 posts

Posted by pumba8888 > 2020-09-12 00:39 | Report Abuse

Huat Huat till 2027!!!!!

Kossan

303 posts

Posted by Kossan > 2020-09-12 01:06 | Report Abuse

TG share- too much publicity and its price is overvalued. TS Lim too protective of its share price hence this caused overvaluation whereas Kossan’s price is based on pure fundamental EPS. Price you are paying for TG is premium, so it won’t go far. Market is irrational and if ppl think history repeats itself, then you are wrong. To all TG supporters out there, jump to Kossan.

Observers

152 posts

Posted by Observers > 2020-09-12 01:08 | Report Abuse

Those who sour glove stocks heat has ended when they drop to new low yesterday, i have already list out my disagreement, and now its proven.
1) Covid19 is there, its far far from being over.
2) Winter is coming, covid19 is getting worse, and remember this is the first winter human have with covid19.
3) Vaccine is still a long way to go. Even vaccine is considered as antidote to glove markets, sooner or later the vaccine will prove theres even higher surge of glove demands for mass vaccination.
4) This is not economy crisis. The drop of glove stocks is temporary before it rebound. Those familiar with how the big companies function knows the surge and drop of stock are actually manipulated by the mother companies. They bought a lot to create an upward trend so more people would pump in their money, when it reach a peak, the companies have to sell to get more cash, in this scenario to build more production lines for the global crazy demand of gloves, thus causing a crash in stock price. Once the stock price reach a new low, the companies could buy at cheaper price to create another uptrend so you and me will follow to pump in our money, then the cycles continue again.
The CEOS of big 4 and small 3 gloves companies come to an agreement in their whatsapp group of how to manipulate the stock price.

Until today, if u want to play stock, theres is nothing better than glove stocks.

Observers

152 posts

Posted by Observers > 2020-09-12 09:34 | Report Abuse

LOOK AT CNN. COM TODAY
MALSYSIA GLOVES BECOME WORLD HEADLINE.

JBond007

1,257 posts

Posted by JBond007 > 2020-09-12 09:56 | Report Abuse

Haha, supersinginvestor missed the boat & wants to buy cheap. Today appointed himself as Bangladesh labour minister.

ramunia

1,123 posts

Posted by ramunia > 2020-09-12 09:59 | Report Abuse

CNN wants gloves companies to buy Mercedes, houses for every staff including foreign workers. In facts cnn should write more on how trump manages the usa pandemic conditions.

newkid

966 posts

Posted by newkid > 2020-09-12 11:01 | Report Abuse

I think Supermax will use sbb to buy back on Monday to make price up by another 10%. TG will not use the SBB as the market demand is enough to push it up to surge further ! Kossan Lim family might come out to buy in open market again n the price shall up another 15% !!! As for harta , the owner is in low profile , I can't predict his move but one thing for sure the 4 families have a private meet before TG interview ....... My experience tell me Monday will be another crazy day for top 4 .....I will not surprise many shares buying platforms will be hanged........

RG1972

178 posts

Posted by RG1972 > 2020-09-12 11:15 | Report Abuse

Panic Buy On Monday. Queue early

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-09-12 12:36 | Report Abuse

Stock buy back from TopGlove...SuperMax and Kossan will continue on Monday...possible Tuesday.

If limit up is RM10 for TopGlove....i am sure it will limitup Monday and then possible close high easy RM12 on Tuesday......Holiday on Wednesday before BomBastic QR by TopGlove will send price frenzier continue buying OR suffer the same fate as SuperMax after PAT result.
Thursday is a firework days for sure.
Closing RM15....lol

JBond007

1,257 posts

Posted by JBond007 > 2020-09-12 12:44 | Report Abuse

Haha, supersinginvestor missed the boat & wants to buy cheap. Today appointed himself as Bangladesh labour minister.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-09-12 13:26 | Report Abuse

@supersinginvestor......you have been proven many time to be crying sheep....

if no fund to buy Premium Topglove..SuperMax...Kossan....Harta...

kindly go to other cheapo or penny counter and play...
When Kossan drop to RM9.70 ...from RM16 high...
You still missed the boat...

it show that you still one bloody assjole who keep shooting at his own foot.

Posted by David Gunter > 2020-09-12 14:19 | Report Abuse

Is this new information? Suddenly discovered? What about Nike, Adidias etc using child labor? Lol Okay la no need to sell to US ask them to die.

Posted by supersinginvestor > Sep 12, 2020 12:42 PM | Report Abuse

Gloves r over...us ban not lifted soon maybe europe n australia n nz oso follow after cnn report...crazy to buy..
Kossan oso named in report...

megat36

175 posts

Posted by megat36 > 2020-09-12 17:20 | Report Abuse

lesson to learn here is, i3 forum is full with bullshi t ter...if newbie were to follow supersing blindly,many would be wash out@deep red.

supermxmx

417 posts

Posted by supermxmx > 2020-09-12 18:09 | Report Abuse

Bloomberg - Tracking COVID-19
319,​979
New cases reported worldwide, Sept. 11
915,​393
Total deaths reported worldwide
97,570 in India
Most new cases today

Highest ever figure for 1 day......

Posted by Newbiexxxxxxxxx > 2020-09-12 21:37 | Report Abuse

Dividend will be a better choice

Axe888

177 posts

Posted by Axe888 > 2020-09-12 23:09 | Report Abuse

@supersinginvestor, this round sell down many got burn and losses money for those cut loss. Next week revenge back la, since all top4 prices just going to rebound after been slashes for past 2 weeks.

coast87

14 posts

Posted by coast87 > 2020-09-13 09:06 | Report Abuse

In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F. This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

KUALA LUMPUR: CGS-CIMB Equities Research reiterates its Overweight call on the glove sector as concerns of potential declines in average selling prices (ASPs) from CY21F onwards are premature at this juncture.

The research house said signs are showing that ASPs may stay elevated for a longer period (up to end-CY21F).

“Despite its bright prospects, the Malaysian glove sector is trading attractively at 16.7 times CY21F P/E, a 24.3% discount to its five-year mean P/E of 22.1 times.

“In our view, this has largely priced in concerns of a potential windfall tax and discovery of a Covid-19 vaccine, ” it said.

Commenting on the order visibility of glove makers, the research house expected it to be robust up to at least end-1HCY21F, a testament to the current strong global glove demand.

“In our view, the acute global shortage of gloves is likely to worsen as Covid-19 cases worldwide show no signs of slowing down.

“Note that many developed markets (with high glove usage per capita), such as the US and UK, have continued to record new highs in daily Covid-19 cases, ” it said.

CGS-CIMB Research expects the situation to worsen as more western countries head towards the wintering period in 4Q20, which could lead to further spikes in Covid-19 cases.

In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F. This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

“Based on our estimates, glove ASPs could rise by 10%-45% quarter-on-quarter in 4QCY20F to US$50-US$100 per 1,000 pieces, which is above our current forecasts.

“However, we gather that certain glove buyers are willing to offer fixed ASPs (at a substantial premium to current ASPs) with a minimum one-year contract tenure to secure glove supply.

“In our view, this should provide certainties of ASPs for CY21F if glove makers agree to these contracts, ” it said.

On the potential windfall tax, glove makers and Malaysia Rubber Glove Manufacturer Association (MARGMA) indicate that there has been no engagement with the government on this matter.

CGS-CIMB Research said in its view, the implementation of a windfall tax on the glove sector would have long-term negative implication as this will drive glove makers to countries with more conducive environments (e.g. labour, tax incentives, utilities, etc).

Glove stocks have been sold down with the recent newsflow on Covid-19 vaccine development.

However, it thinks the eradication of the virus may take a while longer, given that: i) no Covid-19 vaccine candidates have passed Stage 3 and 4 of clinical trials, ii) current limited production capacity may hamper mass availability, and iii) potential mutations of the virus.

Also, it believes that glove demand is unlikely to taper off even with a vaccine, as glove use will in fact increase when masses rush to be vaccinated.

supermxmx

417 posts

Posted by supermxmx > 2020-09-13 12:19 | Report Abuse

Write a comment..https://www.theedgemarkets.com/article/uptrend-cards-glove-counters

TheEDGE bullish on gloves!!!!!!!!!

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2020-09-13 15:29 | Report Abuse

Second wave coming. Yamyam

supermxmx

417 posts

Posted by supermxmx > 2020-09-13 21:10 | Report Abuse

Indonesia: Chinese vaccine trial volunteer gets virus
Whether volunteer received potential vaccine or placebo remains unknown, says clinical trial team leader
Nicky Aulia Widadio |
11.09.2020
Indonesia: Chinese vaccine trial volunteer gets virus


JAKARTA

A clinical trial volunteer for a Chinese COVID-19 vaccine candidate in Indonesia tested positive for the virus, said the trial team leader on Friday.

The vaccine is developed by a Chinese company, Sinovac Biotech, and imported to the country by the state-owned Bio Farma.

Kusnandi Rusmil, the head of the trial and research team from Padjadjaran University, said in a statement that the infected volunteer has been put in isolation under strict supervision.

"After nine days, the volunteer’s condition seems to be good," said Rusmil, without specifying the volunteer’s gender.

He said the volunteer, after receiving the first injection for the trial, traveled out of town.

“The volunteer was declared healthy upon returning from the trip and then received the second injection,” said Rusmil.

However, he added, due to their travel history, the volunteer was required to take COVID-19 test by the local health authority and tested positive for the virus.

Rusmil said he was unable to confirm whether the volunteer was injected with a potential vaccine or a placebo.

“As we conduct the trials under blind observer principle, we cannot identify who gets the vaccine and who gets the placebo,” he added.

Volunteers who were injected with placebo would be compared to those who were injected with the potential vaccine to determine its capability to build immunity.

Rusmil went on to say that the volunteers’ immunity against the virus would be formed after the second injection.

"Clinical trial volunteers will still have their health monitored for six months after the last injection," he said.

The team is conducting Phase 3 of the clinical trials, which started in early August to last six months.

At least 450 volunteers have been injected with a potential vaccine or placebo.

supermxmx

417 posts

Posted by supermxmx > 2020-09-13 21:11 | Report Abuse

Chinapress..... claims thousands have taken the vaccine..... actually they are all their military personnels..... All military personnels have to abide orders from the gov.... they have NO choice...... China have more 1 million military personnel and yet they DUN dare to vaccinated all of them...... WHY??????

Mabel

23,515 posts

Posted by Mabel > 2020-09-13 22:49 | Report Abuse

Point to ponder...

Perhaps having a Bonus issues may not be a good things after all. I'm glad that Hartalega did not do a Bonus Issues.

The revenue is still the same when MQ Research House do their two contradict TP over a period of two months. The only differences is the Bonus Issues by Top Gloves and Supermax that create an opportunities for MQ, JF Apex and AmInvest to downgrade their TP.

Perhaps, if there is no Bonus Issues by these 3 Giants (Kossan included too), Gloves counters could have rocket to the next level. There is always a risk when you change the specification of an F1 cars when it's already running on Top Speed.

Think about it!

Meow..

humongainz

882 posts

Posted by humongainz > 2020-09-14 00:04 | Report Abuse

Holy 6 digits. OMG BROTHER U DUMP UR CAPITAL LIKE THAT. LEARN BEFORE U KNVEST MA. I THINK STILL GOT 5 DIGITS OK LA LOMG TERM.

come on guys don't be too harsh on him

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