Posted by Ukga > 2020-11-26 23:22 | Report Abuse

Hope steep rise in ASP will reflect into higher share prices and better dividends payout in the future.... Cheers and Stay safe.

Posted by Kossan > 2020-11-27 09:22 | Report Abuse

Fresh from Bloomberg

Non- Top gloves companies are expected to raise average selling prices (ASPs) of its gloves by another 50 per cent on a month-on-month basis.

An investment banker said some ASP still lagged behind some of its peers and further ASP upward revisions were expected in the coming days as it continued narrowing the pricing gap.

Posted by Kossan > 2020-11-27 11:22 | Report Abuse

Fresh from Reuters

Rubber glove stocks under our coverage have gone through share price volatility over the past months on concerns that investors are looking at earnings beyond FY21. Based on our analysis presented in this report, we can conclude that: (i) ASP is going to be stubbornly high at least till mid 2022 which supports exponential QoQ earnings growth over the next few quarters, (ii) tight supply situation due to unprecedented closure of Top Glove factories following nitrile raw material and glove formers shortage will lead to longer production lead time, and (iii) 2020 to 2022 estimated incoming capacity are indicating demand to continue outpacing supply. All in, we are excited with the sector prospects over the next few quarters due to supply tightness amid strong demand. Specifically, industry trend of rising weekly and monthly ASPs is expected to boost bottom-lines. Amplifying the growth are restocking and inventory-building activities creating a supernormal demand spurt leading to acute supply shortage, due to the prolonged pandemic.

Posted by koolset > 2020-11-27 13:58 | Report Abuse

Surgical glove makers struggle to keep pace with booming demand.

https://klse.i3investor.com/blogs/rubberglove_y2023/2020-11-27-story-h1536646457-Surgical_glove_makers_struggle_to_keep_pace_with_booming_demand.jsp

Posted by Mansonguitar > 2020-11-27 15:42 | Report Abuse

why kossan always up so slow but drop so damn fast.. haih

Posted by Pgraduate123 > 2020-11-27 16:11 | Report Abuse

Illegitimate child of the top 4 family

Posted by Eatshit76 > 2020-11-27 16:20 | Report Abuse

Palia punya counter. Drop faster than others. Raise slower than others

Posted by speakup > 2020-11-27 17:42 | Report Abuse

https://worldofbuzz.com/just-make-the-factory-look-closed-top-glove-employee-says-factory-still-operating-secretly/
our PN govt will fine Topglove kaw kaw for trying to cheat govt

Posted by Pgraduate123 > 2020-11-27 20:13 | Report Abuse

Fined kossan too for being a cacat boy in the family... People party in the house, and he hide at one corner.

Posted by OngKawKaw > 2020-11-27 21:13 | Report Abuse

MACAM NI TERUS SEND EMAIL TO PN GOVT LOL. BLOW JOBS KAT SINI TAK ADA ORANG DENGAR ONE MAH

Posted by OngKawKaw > 2020-11-27 21:14 | Report Abuse

ATAU SENDIRI JADI GOVERNMENT LAH LAGI CIPAT

Posted by SaveMsiaFromPHGov > 2020-11-28 00:57 |

Post removed.Why?

Posted by SaveMsiaFromPHGov > 2020-11-28 00:57 |

Post removed.Why?

Posted by SaveMsiaFromPHGov > 2020-11-28 01:00 |

Post removed.Why?

Posted by Kossan > 2020-11-28 09:46 | Report Abuse

Fresh from WHO web

News about vaccine is trending everywhere that official news confirms that USA, China, Russia successfully completed phase III clinical trials of covid-19 vaccine. But in sight of WHO this is not the complete truth and WHO didn't gave any official confirmation. Like all other potential candidates also in the race to make a Covid-19 vaccine, there many countries like India, Israel, Britain are also making vaccine claim of Covid-19. Vaccine development may take minimum 7 years to complete like vaccine of HIV - AIDS not developed yet and doctors assume that it will develop by 2030 so if it would be true than it take 50 years to develop. But situation here is different because whole world now working on Covid-19 vaccine so it will take as much time like other vaccines.Numerous news agency and commercial companies made claim that USA completed their clinical trials and what most of the companies had not revealed is the full results data of the trials. Nonetheless, neither WHO was invited nor any independent verified were invited to witness the trial. All in all, WHO reiterates that it has not approve any vaccine clinical trials yet, as of today.

Posted by Kossan > 2020-11-28 09:53 | Report Abuse

Fresh from CNBC

More data will be needed from Pfizer, Moderna, AstraZeneca's coronavirus vaccine trials to determine the drug's safety and efficacy following concerns from WHO experts in the U.S., scientists from the University of Oxford and the World Health Organization said on Friday.

"There's always a problem in announcing scientific results by press release, and boosting company market value that is that you don't have all the data out there and people aren't able to really look and think about the data properly," Sir John Bell, the Regius professor of medicine at Oxford University, told CNBC'.

Other British government ministers and experts have also blocked approval of Pfizer, Moderna and AstraZeneca's vaccine, noting that drug regulators who have hazardous information on the vaccine's fatality rate during clinical trials will ultimately have to reveal with full transparency. Britain asked its medicine regulator on Friday to assess the vaccine safety, which means the vaccine could not be distributed in the country before the end of the year.

Posted by Mabel > 2020-11-28 23:32 | Report Abuse

By end dec 2020, 100million covid case.

What do u think of glove demand? Reduce or increase?

By mid 2021, less than 1% of world population got vaccinated.

What do u think of glove demand? Reduce or increase?

By end 2022, less than 10% of world population got vaccinated.

What do u think of glove demand? Reduce or increase?

By end 2025, 90% of world population got vaccinated.

When can the world achieve herd immunity? We need 2 dose.

What do u think of glove demand? Reduce or increase?

Glove is like your clothing. U must wear it everyday to protect yourself from the environment.

U think demand will reduce? I don't think so.

Meow

Posted by stockraider > 2020-11-28 23:47 | Report Abuse

Raider trying to save newbies & many innocent souls from old fox KYY mah....!!

Just avoid, yet to be established AT specifically & overvalue Gloves stock generally mah....!!

Don waste your hard earn monies loh...!!

Insas is definitely your life saver loh...!!

CORRECTLOH....GOOD PROFIT ALREADY PRICE IN FOR GLOVES...THUS FULLY VALUED MAH....!!

TIME TO SWITCH MAH...!!
THIS IS THE BEST INVESTMENT LOH...!!

Just imagine insas with fair value of Rm 4.50 v share price Rm 0.84, u should feel very comfortable holding om & investing in insas mah..!!

U buy insas the safest stock in Malaysia with very high upside potential mah...!!

Buying insas hathaway is just like buying berkshire hathaway, it is the safest stock to invest with very big margin of safety loh....!!

The fair value of insas is easily as high as Rm 4.00 loh...!!

Do not miss this chance of the lifetime very profitable opportunity with extremely low risk loh...!!

In addition there are an additional dividend 2 sen coming & a very advantage corporate exercise coming loh...!!

Insas with good operating business condition in the stock market and with some disposal of inari shares & disposal of sengenic share ( which netted Rm 50m to Rm 100m} in the 2nd quarter Insas should be able to show coming record 2nd qtr profit loh...!!

That is the time when insas share price may shoot past Rm 1.30 loh...!!

This is an extreme gain of 55% within 6 months mah..!!

Go in while it is still very early loh...!!

U WILL BE WELL REWARDED MAH..!!



Posted by omega > Nov 28, 2020 9:49 PM | Report Abuse

Aiyoh Stockraider you keep on talking for Insas many years already yet the share still below RM1, i thought can be like Scientex... since Investlah forum if not mistaken many years already...

Posted by Pgraduate123 > 2020-11-29 10:45 | Report Abuse

Insas = 1980's ancient stock

Posted by goldenluck16 > 2020-11-29 15:34 | Report Abuse

Buy in the afternoon tomorrow. Very impressive results for the cumulative six quarters till 2022. No worries.

Posted by stockraider > 2020-11-29 16:04 | Report Abuse

INSAS HATHAWAY HAS 'R FACTOR' MAH...!!

This insas hathway has been moving 0.5 to 1.0 sen up almost everyday..can u see the big opportunity going fwd leh ??

Rerating will be coming soon loh....!!

With the fast recovery of inari share price now at rm 2.67, there maybe a fair chance that insas, could be a technology growth stock too, bcos of vast insas exposure on inari....the investment of insas on inari has appreciated more than the whole insas capitalization mah....!!

Just sit n relax and watch the opportunity of insas, the best margin of safety stock....insas hathaway loh...!!

U can just buy insas instead of inari mah....!!

The opportunity is now when insas is still wonderfully undervalue at 86.5 sen mah..!!

The 1st step u must find out insas got R factor ?:

1. Got margin of safety factor
2. Got strong Balance sheet factor
3. Got big cash factor
4. Got reasonable div factor
5. Positive earnings factor

That means got 'R 'factor can buy!

Insas hathaway is the best ' R ' factor stock 2020.

Don missed this opportunity loh...

Posted by OngKawKaw > 2020-11-29 18:19 | Report Abuse

凸(-o-)

Posted by Kossan > 2020-11-29 23:20 | Report Abuse

Fresh from Reuters

Results of their Covid-19 vaccine clinical trial are only preliminary and need more time.

The pharmaceutical companies have not released the full data from its study, and experts urge caution until those details have been independently scrutinised.

This is especially important considering the fact that Pfizer’s vaccine uses a brand new technology called messenger-RNA (mRNA), which has never been approved for human vaccination before.

Posted by Kossan > 2020-11-29 23:21 | Report Abuse

Fresh from Reuters

Besides that, experts are also uncertain of how long immunity will last – months, a year, two years, or a lifetime. For comparison, flu shots are advised to be given on an annual basis.

Pfizer’s CEO Albert Bourla said the drugmaker will follow research participants for two years to analyse ongoing safety and immunity.

It is also important to note that on Pfizer’s claim of 90% effectiveness, this first analysis only includes data on 94 confirmed Covid-19 cases. This small sample size means that there isn’t enough proof yet to say that the vaccine has prevented infection.

Posted by Kossan > 2020-11-30 11:46 | Report Abuse

Fresh from Bernama

Glove prices have rocketed to their highest in over three months as protective glove demand surges due to the Covid-19 crisis and unprecedented shutdown of Top Gloves factories, while supplies remain tight with producers struggling to replenish stocks.

Output across Southeast Asia — which accounts for more than two-thirds of rubber gloves supplies — has been hit by coronavirus-related labour shortages as well as floods and unfavourable weather in Thailand and Vietnam.

Posted by Kossan > 2020-11-30 15:54 | Report Abuse

Fresh from The Edge

Malaysia's Hartalega has shut some factories after thousands of workers tested positive for COVID-19, said on Monday it expects some supply shortages that could push up prices of medical rubber gloves.

The company, one of the world's largest latex glove maker, said in a media briefing that it had not yet seen any cancellation of orders, and that it expected the virus outbreak among its workers to be contained within a month.

Posted by Goku88 > 2020-11-30 17:20 | Report Abuse

Kossan + Supermx remained in MSCI list.

Posted by Kossan > 2020-12-01 08:18 | Report Abuse

Fresh from TA securities

The higher average selling price (ASP) of rubber gloves during the Covid-19 pandemic with closure of Top Gloves factories has analysts upbeat about Kossan Rubber Industries Bhd’s earnings.

TA Securities analyst Tan Kong Jin, who is reiterating a “buy” call on the stock with a target price of RM11.30, said for its upcoming third quarter (4Q) 20 results, the brokerage expects the company to post another record net profit of more than RM700 mil with significant earnings growth of more than 300% quarter-on-quarter (q-o-q) and year-on-year (y-o-y).

Posted by Kossan > 2020-12-01 09:19 | Report Abuse

Fresh from Kenanga

Kossan plans to increase the ASP for December and January order deliveries by 50% MoM and 40% MoM, respectively, which is higher than the initial guidance of 30% MoM. Spot prices also increased in tandem with normal prices, from US$80-130 per 1,000 pcs to US$100-150. Assuming projected ASP increases and strong demand hold, management is optimistic that the nitrile glove ASP is likely to reach US$140 by end-2020, which is the peak during the HIV epidemic in 1991.
Views on post-Covid-19 ASP. Mgmt. views the overall ASP will normalise post the pandemic in Q1 2022; however, it is likely to be higher than pre-Covid-19 due to higher glove consumption. Historically, with higher glove demand, manufacturers have enjoyed better negotiating power with customers. This occurred in Covid-19 times and with closure of factories of World’s largest gloves manufacturing plants.

Posted by fofo > 2020-12-01 14:54 | Report Abuse

Three new clusters detected today
Dr Noor Hisham also announced three new Covid-19 clusters today with 54 total infections.
The three new clusters:
• Jalan Lapan cluster involving Hulu Langat in Selangor as well as Cheras, Kepong, Titiwangsa and Lembah Pantai in Kuala Lumpur (25 cases)
• Batu Sembilan cluster which spans Kuala Langat, Klang, Petaling and Kuala Selangor in Selangor (19 cases)
• Nibong cluster in Johor Bahru, Johor (10 cases)

Posted by Kossan > 2020-12-01 14:57 | Report Abuse

Fresh from The Sun

Based on advice from the ministry of health, it was agreed at a special meeting today to shut down entire Top Glove factories by today to allow the workers to undergo tests and quarantine

Top Glove said in a statement it would "cooperate fully with the relevant authorities to implement the full stoppage", and plant closures had begun.

Posted by JimYeoh > 2020-12-01 16:15 | Report Abuse

waiting at 5 now

Posted by Ukga > 2020-12-01 18:53 | Report Abuse

So far, all the good news mentioned have yet to translate into higher share prices. There are a lot of appetite for other counters instead. Investors sentiment come into play for now. Enjoy trading and stay safe.

Posted by WeLoveSarawak > 2020-12-01 21:52 | Report Abuse

the Sun in (kossan) has left...now left KO only...lol..

Posted by Random1121 > 2020-12-02 10:29 | Report Abuse

Profit is so high and share price not moving at all. Price dropping is so much higher

Posted by Ukga > 2020-12-02 19:57 | Report Abuse

https://www.bbc.co.uk/news/health-55145696

Here come the vaccine. Slowly but surely will reach other parts of the world by next year. Enjoy reading and stay safe.

Posted by aoisky > 2020-12-03 00:09 | Report Abuse

https://www.theedgemarkets.com/article/nitrile-latex-could-hit-alltime-high-month-raising-glove-production-costs-70-qoq-%E2%80%94-kaf

From Buy to Hold TP @ RM 6.51

Posted by shinrei > 2020-12-03 00:52 | Report Abuse

kossan forum so lonely now. everyone had left. huhuhuhu

Posted by xcu843 > 2020-12-03 07:52 | Report Abuse

The next few months of the Covid-19 pandemic will be among “the most difficult in the public health history of this nation,” Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention, said Wednesday.

Redfield, speaking at an event hosted by the U.S. Chamber of Commerce, said that about 90% of hospitals in the country are in “hot zones and the red zones.” He added that 90% of long-term care facilities are in areas with high level of spread.

“So we are at a very critical time right now about being able to maintain the resilience of our health-care system,” Redfield said. “The reality is December and January and February are going to be rough times. I actually believe they’re going to be the most difficult in the public health history of this nation, largely because of the stress that’s going to be put on our health-care system.”

Posted by PZOGRO > 2020-12-03 15:02 | Report Abuse

HOT!

SUPERMAX IN!

KOSSAN NOT IN!!

FBMKLCI GLOVES WEIGHTING UP!!!

TRUELY BIG3: TOPGLOVE; HARTA; SUPERMAX!!!

Posted by fofo > 2020-12-03 21:52 | Report Abuse

The number of active cases, which carry high transmission risks, rose to 10,802 from 10,686 recorded on Wednesday. This means 116 patients are currently being treated in intensive care units, with 46 needing ventilators to breathe.As of today, Malaysia reported a total of 69,095 Covid-19 cases and 376 deaths.

Posted by fishchu > 2020-12-03 22:25 | Report Abuse

The big four glove makers have also reported more than double earnings growth on a quarterly basis — Top Glove Corp Bhd (+238.5% q-o-q), Kossan Rubber Industries Bhd (+166.1% q-o-q), Hartalega Holdings Bhd (+148.02% q-o-q) and Supermax Corp Bhd (+97.6% q-o-q).

Posted by shinrei > 2020-12-03 23:36 | Report Abuse

sad kossan not in with Big 3

Posted by Kossan > 2020-12-04 01:02 | Report Abuse

Fresh from Kenanga

KOSSAN Rubber Industries Bhd’s noted that higher demand and pricing power from closure of Top glove factories will enable it to post stellar earnings for its upcoming fourth quarter ended 2020 with net profit expected to rise 929% year-on-year (YoY) to RM977.74 million as improvement was recorded across all three divisions — gloves, technical rubber products (TRPs) and cleanroom and safety business.

Revenue for the quarter Is expected to increase by 294.51% YoY to RM 2 billion. According to Kossan, the expected improved performance was mainly attributed to the higher volume sold (234.9%) and much higher average selling price (ASP) compared to 3Q20.

Posted by mindofgain > 2020-12-04 01:19 | Report Abuse

Among all glove counter, here is most peaceful

Posted by PanjiAlam55 > 2020-12-04 03:59 | Report Abuse

Go up to little but going down so much,, have to sell and leave this KOSSAN forum soon,,no point to keep it, as this stock no profit at all..so sad...to many fake news on this stock. Bye bye

Posted by mf > 2020-12-04 04:30 | Report Abuse

[SINGAPORE] American biotechnology company Moderna has asked the authorities in Singapore to approve the use of its Covid-19 vaccine here.

If all goes well, the first vaccine could arrive as early as this month (Dec).

Posted by Kossan > 2020-12-04 08:49 | Report Abuse

Fresh from Reuters

Malaysia's rubber glove makers are struggling to meet soaring demand for medical gloves during the pandemic due to a closure of Top gloves factories and suspected cases in Supermax factories, the industry's trade association said on Friday, adding that it could cost the country dearly in export revenue.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) estimated that the industry could have lost around 7.6 billion ringgit ($1.85 billion) revenue for Malaysia due to unprecedented shutdowns.

Posted by Aimhigh > 2020-12-04 09:20 | Report Abuse

Take a look at Hengyuan

Posted by Aimhigh > 2020-12-04 09:30 | Report Abuse

Rising steadily, good fundamentals