KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.36

Today's Change

-0.04 (1.67%)

Day's Change

2.35 - 2.42

Trading Volume

11,317,800


19 people like this.

15,950 comment(s). Last comment by Chipee 9 hours ago

beginner

1,278 posts

Posted by beginner > 2021-01-14 17:14 | Report Abuse

accumulated many units, please don't let me down.

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-01-14 17:35 | Report Abuse

Stanley Morgan started buying into gloves companies now record show

casanwk

1,496 posts

Posted by casanwk > 2021-01-14 17:41 | Report Abuse

15 minutes chart displaying bullish pattern
Tomorrow awaiting entry signal to activate (3 minutes)
Or going to run away?
:)

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-01-14 19:01 | Report Abuse

When others are fearful,, we must be greedy...

beginner

1,278 posts

Posted by beginner > 2021-01-14 19:02 | Report Abuse

Price drop nvm, hope later qr out kossan give more div

Kossan

303 posts

Posted by Kossan > 2021-01-14 20:52 | Report Abuse

Moderna CEO says the world will have to live with Covid 'forever'

michaeso

85 posts

Posted by michaeso > 2021-01-14 20:56 | Report Abuse

Yes good luck everyone

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-01-14 21:03 | Report Abuse

wake up guys

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-01-14 21:04 | Report Abuse

especially glove haters & IB thugs & hoodlums

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-01-14 21:04 | Report Abuse

Moderna boss says we're gonna have to live with covid-19 forever

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-to-live-with-the-coronavirus-forever.html

Posted by BeastOfTheEast > 2021-01-14 21:34 | Report Abuse

oh dear

Posted by BeastOfTheEast > 2021-01-14 21:34 | Report Abuse

disappointing results for chinese vaccines

https://www.nytimes.com/2021/01/13/business/chinese-vaccine-brazil-sinovac.html

99newbie

238 posts

Posted by 99newbie > 2021-01-14 22:17 | Report Abuse

pls stop sell lower, the more u all sell, ib will less lost
dont make them happy…

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-15 00:10 | Report Abuse

No fear, guys

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-15 00:10 | Report Abuse

Glove demand expected to remain stable post-pandemic

https://www.thestar.com.my/business/business-news/2021/01/14/stable-glove-demand-seen-post-pandemic

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-15 00:11 | Report Abuse

Stop listening to that rubbish garbage iddiot dikkhedd bittch basttard robber gangster IB jp morgan

Infinite

128 posts

Posted by Infinite > 2021-01-15 05:36 | Report Abuse

Aids around us for many years, although have medicine to control but effective way was use condom. Demand for condom was increase due to awareness of public on aids, now similar to gloves which was widely use due to awareness, comparable gloves still much cheaper than condom. Affortable low price protective device, no price issue at all.

jeremylin

231 posts

Posted by jeremylin > 2021-01-15 06:35 | Report Abuse

Joe Biden just released his $1.9 trillion Covid relief plan – here's what's in it

https://www.cnbc.com/2021/01/14/biden-stimulus-package-details-checks-unemployment-minimum-wage.html?__source=androidappshare

50 billon for covid testing, and JP zhai still say testing will plateu? What a disgrace.

win6168

39 posts

Posted by win6168 > 2021-01-15 08:03 | Report Abuse

Thanks for the low price. Added a little.

kltower

1,600 posts

Posted by kltower > 2021-01-15 09:19 | Report Abuse

Joe Biden unveils ‘American Rescue Plan,’ a $1.9T stimulus to stem COVID-19 and steady the economy

"The plan provides $50 billion to expand testing"

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-01-15 09:28 | Report Abuse

Record show Stanley Morgan kept buying in glove companies after they made the negative report on gloves

It happens to HK stocks 388 before they said target price its target price was had 150 and they started buying 388 now had 458

casanwk

1,496 posts

Posted by casanwk > 2021-01-15 09:30 | Report Abuse

Buy 433

Allantanks

684 posts

Posted by Allantanks > 2021-01-15 09:47 | Report Abuse

33989 active cases in Malaysia 。。。15 death, 3337 new high.
New death case in China.

Think.

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-15 09:54 | Report Abuse

good kossan..

limontea

1,171 posts

Posted by limontea > 2021-01-15 10:15 | Report Abuse

Net Short Position 14-01-2021
KOSSAN 1.78% Open: 4.420 Close: 4.260

Net Short Position 13-01-2021
KOSSAN 1.77% Open: 4.58 Close: 4.48

Net Short Position 12-01-2021
KOSSAN 1.71% Open: 4.42 Close: 4.56

Net Short Position 11-01-2021
KOSSAN 1.64% Open: 4.58 Close: 4.35

Net Short Position 08-01-2021
KOSSAN 1.31% Open: 4.08 Close: 4.50

Net Short Position 07-01-2021
KOSSAN 1.16% Open: 4.02 Close: 4.05

Net Short Position 06-01-2021
KOSSAN 1.08% Open: 4.05 Close: 4.00

Net Short Position 05-01-2021
KOSSAN 0.92% Open: 3.98 Close: 4.05

Net Short Position 04-01-2021
KOSSAN 0% Open: 4.55 Close: 3.94

*************************************************************
Net Short Position 14-01-2021
HARTA 1.16% Open:12.880 Close: 12.300
KOSSAN 1.78% Open: 4.420 Close: 4.260
SUPERMX 0.53% Open: 7.010 Close: 6.640
TOPGLOV 2.72% Open: 6.510 Close: 6.370

Net Short Position 13-01-2021
HARTA 1.15% Open:13.14 Close:13.00
KOSSAN 1.77% Open: 4.58 Close: 4.48
SUPERMX 0.52% Open: 7.30 Close: 7.11
TOPGLOV 2.72% Open: 6.70 Close: 6.63

Net Short Position 12-01-2021
HARTA 1.14% Open:12.42 Close: 13.14
KOSSAN 1.71% Open: 4.42 Close: 4.56
SUPERMX 0.52% Open: 7.20 Close: 7.30
TOPGLOV 2.68% Open: 6.55 Close: 6.68

Net Short Position 11-01-2021
HARTA 1.00% Open:12.68 Close: 12.22
KOSSAN 1.64% Open: 4.58 Close: 4.35
SUPERMX 0.52% Open: 7.20 Close: 7.03
TOPGLOV 2.62% Open: 6.60 Close: 6.43

Net Short Position 08-01-2021
HARTA 0.91% Open:11.00 Close: 12.50
KOSSAN 1.31% Open: 4.08 Close: 4.50
SUPERMX 0.51% Open: 6.16 Close: 7.30
TOPGLOV 2.34% Open: 5.86 Close: 6.50

Net Short Position 07-01-2021
HARTA 0.83% Open:10.64 Close: 10.90
KOSSAN 1.16% Open: 4.02 Close: 4.05
SUPERMX 0.49% Open: 5.90 Close: 6.05
TOPGLOV 1.91% Open: 5.80 Close: 5.80

Net Short Position 06-01-2021
HARTA 0.71% Open:10.70 Close: 10.60
KOSSAN 1.08% Open: 4.05 Close: 4.00
SUPERMX 0.46% Open: 5.95 Close: 5.89
TOPGLOV 1.74% Open: 5.80 Close: 5.76

Net Short Position 05-01-2021
HARTA 0.57% Open:10.56 Close: 10.60
KOSSAN 0.92% Open: 3.98 Close: 4.05
SUPERMX 0.44% Open: 5.59 Close: 5.86
TOPGLOV 1.52% Open: 5.57 Close: 5.72

Net Short Position 04-01-2021
HARTA 0% Open:12.20 Close: 10.48
KOSSAN 0% Open: 4.55 Close: 3.94
SUPERMX 0% Open: 6.02 Close: 5.51
TOPGLOV 0.22% Open: 6.10 Close: 5.50

tamp0i

912 posts

Posted by tamp0i > 2021-01-15 10:34 | Report Abuse

Today Kossan being severely under heavy RSS... The most among the top 4...

Ron90

4,056 posts

Posted by Ron90 > 2021-01-15 10:40 | Report Abuse

Big attack on Kossan!! for the 2nd day ..coz TG to big to take down.supermax got kyy supporters.. Buy back t support, let see what Malaysian IB gonna do with it?

kltower

1,600 posts

Posted by kltower > 2021-01-15 10:43 | Report Abuse

【新冠肺炎】研究发现亚马逊变种病毒 已成巴西新兴病毒

https://www.orientaldaily.com.my/news/international/2021/01/15/386875

研究人员认为,新冠肺炎病毒或许变成另一种像流行性感冒病毒,可能需要每年施打疫苗。

Danny78

12 posts

Posted by Danny78 > 2021-01-15 11:04 | Report Abuse

Thought kossan can see green today.. so sad

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-15 11:13 | Report Abuse

happy buy:)

casanwk

1,496 posts

Posted by casanwk > 2021-01-15 11:14 | Report Abuse

Quarterly chart
Price distortion been corrected
Even went below it
Unlike tg, hartalega - correction is still long way
Opportunity to buy - it dip

Ron90

4,056 posts

Posted by Ron90 > 2021-01-15 11:16 | Report Abuse

it will green.. laggered glove stock..only 20 cents from the bottom.

Ron90

4,056 posts

Posted by Ron90 > 2021-01-15 11:20 | Report Abuse

its only time that significant mutation will occured on covid protein spike. .. typical influenza like viruses, thats why no ultimate vaccine available until today.. so what makes covid vqccine so special and fully effective for many years??

Posted by DellLenovoHaier > 2021-01-15 11:36 | Report Abuse

Eventually all investors will be numb of all these lies and "uncertainties":

1. VACCINE EFFECTIVENESS. Of course vaccine need to be effective, if not, why they are launched in the first place. Problem is how long does it takes to cure the whole world? Before that, how long covid has the chance to mutate? This is a loooong loooong fight.

2. NO GLOVE REQUIRED? Look at the fact, did any order being cancelled? Nope! Why? Because glove is PPE, it will be needed forever.

3. COVID WILL END SOON? Very soon we will realize and accept the fact, live with Covid at least yearsssss until everyone used to it, until current SOP become normal procedure, means PPE demand keep increasing, your dividend also keep increasing.

4. GLOVE FACTORIES INFECTED? What a joke! The whole world are infected now. Does it means we gonna give up protection?

Look at these few days, even JPM nonsense report couldnt make a huge impact on share price. Because all the investors or even new players started to realized all these lies.

Posted by DellLenovoHaier > 2021-01-15 11:36 | Report Abuse

Brace yourselves for the last impact from Shorties within this month. They sell low, you buy low, then you are able to sell high

Posted by DellLenovoHaier > 2021-01-15 11:36 | Report Abuse

Today no big player buy, tomorrow no big player buy, next week no big player buy, next month no big player buy.

SO WHAT?!!! DO YOU THINK THEY FOREVER DON'T BUY GLOVES?

THEN NOW IS YOUR CHANCE TO COLLECT AND WAIT THEM BUY FROM YOU!!!

Posted by DellLenovoHaier > 2021-01-15 11:37 | Report Abuse

Ask yourselves, are you investing penny stock? If not, then why the hell you cut lost?

Posted by DellLenovoHaier > 2021-01-15 11:37 | Report Abuse

MCO end means Gloves end?

Of course MCO will end la, where you learn your day counting? 14 days = Forever? MCO will keep repeating maybe once a year to bring down the covid cases accumulated, until the whole world are cured by vaccine or until the whole world used to covid, live with covid.

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-15 11:42 | Report Abuse

live with viruses..

koolset

384 posts

Posted by koolset > 2021-01-15 11:58 | Report Abuse

Comment in this blog of your opinion of glove maker for year 2021. Share it out if you want to know more of other investors' opinions.


https://klse.i3investor.com/blogs/rubberglove_y2023/2021-01-15-story-h1539353535-Peoples_opinion_of_Glove_Maker_for_year_2021_Comment_yours.jsp

Allantanks

684 posts

Posted by Allantanks > 2021-01-15 12:12 | Report Abuse

Earning 4 to five times higher while share price only one time higher. Very lhdagging compared to others. What is the most is that they are obm. Lol. Meaning their earning will not be affected as much as supermax careplus after covic.

Allantanks

684 posts

Posted by Allantanks > 2021-01-15 12:17 | Report Abuse

4th quarter 2020 and 2021 new quarter the earning will be at least 7 to 9 times compared to precovic. Current price is just delicious. Yum yum.

Ron90

4,056 posts

Posted by Ron90 > 2021-01-15 12:27 | Report Abuse

result will be around 1.5 bil..

Allantanks

684 posts

Posted by Allantanks > 2021-01-15 12:33 | Report Abuse

The earning pat will be roughly 650m. Provided no increase of asp and production. Hehe.

beginner

1,278 posts

Posted by beginner > 2021-01-15 13:07 | Report Abuse

just sitting and doing nothing, if price is good top up more. wait till the short position is closing then will gain big. we should thank jp for shorting so got chance to accumulate cheap tickets

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-01-15 14:07 | Report Abuse

OMG, another minister tests positive for covid-19

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-01-15 14:07 | Report Abuse

minister of multimedia zahidi zainul abidin tests positive for covid-19

https://www.channelnewsasia.com/news/asia/covid-19-fourth-malaysian-cabinet-member-zahidi-zainul-abidin-13952106

mikeazk

75 posts

Posted by mikeazk > 2021-01-15 14:46 | Report Abuse

why kossan is always the worst performing glove counter? is it bcoz small dividend?

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-01-15 14:48 | Report Abuse

KUALA LUMPUR (Jan 15): CGS-CIMB has maintained Kossan Rubber Industries Bhd to "add" at RM4.26, but lowered its target price (TP) to RM7.64 from RM9.16 previously.

In a note today, CGS-CIMB analyst Walter Aw said he made no changes to his financial year ended Dec 31, 2020 (FY20) to FY22 forecast earnings per share (EPS) and retained his "add" call with the lower TP, which is based on 15 times 2022 estimated price-to-earnings (P/E), from 18 times previously, and was pegged to its previous five-year historical mean.

The analyst noted that while he expected stellar earnings from its FY21 to FY23, thanks to continued high demand and higher average selling prices (ASPs), the forecast earnings are likely to be unsustainable in the long term.

However, he noted that "we continue to like Kossan for its strong earnings prospects (three-year EPS compound annual per growth of 79.6%) as it stands to benefit from the favourable supply-dynamics in the glove sector owing to Covid-19".

According to Aw, Kossan’s current valuation has yet to reflect its potential earnings as well as its solid dividend yields.

Notably, Kossan is not discounting the possibility of a special dividend on top of its current dividend payout (minimum 30% of net profit) to reward shareholders due to Covid-19-led demand.

“Kossan stated that the possible implementation of interim dividends is on the cards, in line with the recent announcement of its peers, Supermax and Top Glove,” said Aw, noting that he only inputted a 40% dividend payout for FY20-22F and reflecting dividend yields of 3.8-8.2%.

The analyst also pointed out that Kossan had increased its ASP by 40% quarter-on-quarter in 3Q20 and the demand-led environment will allow it to raise them further.

“In a recent briefing, Kossan said it expects an ASP increase of 50% quarter-on-quarter in fourth quarter 2020 (4Q20) as well as in first quarter of 2021 (1Q21F),” said Aw.

“The company also highlighted that it is not discounting further ASP hikes from 2Q21F onwards, given that its current ASPs are still below the industry average," he added.

Last year, Kossan had halted 25% of its total production capacity from Dec 7 to 31 after a Covid-19 outbreak among its employees where 990 cases were detected among its 7,000 workers.

“We estimate the capacity loss at 1.5% of Kossan’s total annual output, and that the financial impact was minimal as we believe the quantum of its ASP hikes would be more than sufficient to offset the temporary capacity loss during the period."

In terms of global glove demand, Kossan continues to witness strong global glove demand owing to Covid-19.

“We understand that its capacity has been fully taken up until end-CY21F and that it is already receiving orders for 1Q22F,” said Aw.

He added Kossan has also fully filled up its allocation for spot orders, which utilise up 15-20% of its total capacity, till end-1Q21F.

As at 11.25am, Kossan's shares were down 2 sen or 0.47% to RM4.24, with 10.08 million shares traded. The group had a market capitalisation of RM11.03 billion.

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