KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.91

Today's Change

0.00 (0.00%)

Day's Change

1.86 - 1.93

Trading Volume

1,101,300


19 people like this.

16,087 comment(s). Last comment by ChandranG 16 hours ago

Posted by invest4tomoro > 2021-01-21 16:45 | Report Abuse

sometimes it is just unbelievable that we got 12 CWs going to expire tomorrow until nxt week friday.

Posted by noobinvestor98 > 2021-01-21 16:49 | Report Abuse

hoseiliao 4.04 match :) tq JP Morgan.

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 16:56 | Report Abuse

I think the share price shld be more stable n promising after end of this month, rebound could starts from early February onward ...

mita29

1,064 posts

Posted by mita29 > 2021-01-21 16:59 | Report Abuse

This IB is like having a baby tantrums, need to purposely create a gap at the end to scare ppl in order to satisfy his own inflated ego. lol

Posted by invest4tomoro > 2021-01-21 17:01 | Report Abuse

need to prepare some spare bullets for nxt week

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 17:05 | Report Abuse

Bursa Malaysia or SC is daydreaming or sleeping ... otherwise, how could they not noticing the manipulations ... useless fellows ...

Posted by Silentreader88 > 2021-01-21 17:10 | Report Abuse

@GoodBoy, bursa market is full of manipulation. I think they are also part of the manipulator.

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 17:12 | Report Abuse

RSS total sold volumes for today ... Kossan 0 shares, Hartalega 381,100 shares, TopGlove 3,100,000 shares, SuperMax 550,000 shares ...

5c0160

1,763 posts

Posted by 5c0160 > 2021-01-21 17:15 | Report Abuse

hopeless rubbish.glove counter only cam go down never can go up.

mita29

1,064 posts

Posted by mita29 > 2021-01-21 17:25 | Report Abuse

I think It's just one major org doing the shorting n dumping. Saw 2 units with large sell q at a price, when 1 unit gone the large sell q disappeared also.

TRYLUCK88

196 posts

Posted by TRYLUCK88 > 2021-01-21 17:32 | Report Abuse

Yeah. pls share your obervations. We need to be smarter here.
Looks like not much downside, thus Shorties see no meat.
Tomorrow or next week shall see more lights.

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-21 17:32 | Report Abuse

@Silentrader88, those crooks always treat us retailers as water fish.

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 17:39 | Report Abuse

Silentreader88 @GoodBoy, bursa market is full of manipulation. I think they are also part of the manipulator.
21/01/2021 5:10 PM

----------------------------------------------------------------------------------------------------------------------------

i think so too...otherwise how can they allow such instruments to be used..

Posted by chuasetupchua > 2021-01-21 17:42 | Report Abuse

Kossan call warrant C7 has a strike price of RM 4.00, so if the settlement price (mother share closing price or 5 days VWAP) is ABOVE RM 4.00, the issuer is obliged to settle to each warrant holder, the difference in the two prices divided by the conversion ratio.

However, if the settlement price is below RM 4.00, the warrant holders will get nothing. Note that C7 only will expire on the 26 Apr 2021.

The next call warrant that has a slightly higher strike price is C9 which has a strike price of RM 5.00 and expires on the 15 March 2021.

Unless there are funds out there (that are not the issuer of these 2 warrant) that see Kossan shares as severely under-valued and and start to buy them up consecutively over the next few weeks, Kossan share price I suspect will remain low.

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 17:43 | Report Abuse

if they short sell, we buy... we dont panic sell back to them when the price drops....that is the only way...

Posted by noobinvestor98 > 2021-01-21 17:44 | Report Abuse

@gemfinder
Old news la cxbai

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 17:45 | Report Abuse

MrGlover Just let them play their game. If tickets cheap enough for you, just pick up la. Let's see how they cover.
21/01/2021 4:15 PM

exactly !!

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 17:49 | Report Abuse

@chuasetupchua C7 is still 3 months out. Too early for them to launch a campaign to keep price down. Will wait for buy back, shouldn't be too long now. :)

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 17:57 | Report Abuse

the only way to counter them is not to panic sell... if they push down the price and you find value in it, just buy...but dont sell...just keep

beginner

1,280 posts

Posted by beginner > 2021-01-21 17:58 | Report Abuse

RSS is allowed by bursa, there is good on rss to create more liquidity to the market and also prevent 1 stock to go up too fast. for now shorties look down on gloves and think gloves will go south, they short massively on gloves but now their shorts should be at loss. they still not give up and continue sell down the gloves hoping will influence more to buy their opinions and follow them to sell. in order for them to win they have to buy back the shares at the much lower price later. they are very very rich hence they also own a lot of units on hand as hedging just like how IBs issue the warrants will also have huge units on hand. so now is about the patience and time, see who eventually can't hold on anymore and give up. you can check out the short vol from bursa, so as long as the short vol still high means shorties will continue attack until all follow their call to sell back to them at their asking price. but many of us also knew Q coming out and will announce divvy, so we just hope shorties will run out of bullets soon to give up and launch the buy back before Q

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 18:00 | Report Abuse

they are very clever actually...they borrow shares to short sell, at the same time as the price drops (and only drops because panic retailers sell to them), they will buy back shares which they will later use to return the borrowed shares plus keep to sell at a higher price. that is when we start seeing positive news about gloves in demand and stable ASPs etc etc... so dont be fooled. we need to be smart..

ahpooki2

1,267 posts

Posted by ahpooki2 > 2021-01-21 18:03 | Report Abuse

@beginner we need everyone to keep and not panic sell...

TRYLUCK88

196 posts

Posted by TRYLUCK88 > 2021-01-21 18:09 | Report Abuse

Yeah, we hv many newcomers which the common mistakes keep happening. jus need to keep repeating educating n make newbies more savvy here. steep curve to climb.

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-01-21 18:11 | Report Abuse

EPF buying back

Almost time to enter her now...lol

super_newbie

1,261 posts

Posted by super_newbie > 2021-01-21 19:44 | Report Abuse

Market is sick, dare to buy Mr DIY at annualized PE 60, but no dare to buy Kossan at Year 2019 PE of 46?

Posted by investortrader88 > 2021-01-21 20:22 | Report Abuse

top 2 batches of kossan today.good luck guys.

MrGlover

247 posts

Posted by MrGlover > 2021-01-21 20:32 | Report Abuse

Today's RSS volume is 0. Some of us here theorised that they may be shorting with their own shares now. This could be true, perhaps no one wants to loan them their shares anymore.... Can't wait till they start their buy back. Come on BIG BOSS, come out and make the shorties sweat a little! :)

Posted by BountyOfTheBourse > 2021-01-21 20:39 | Report Abuse

Posted by Mrinvest0r > Jan 21, 2021 8:23 PM | Report Abuse

https://www.cnbc.com/2020/09/29/jpmorgan-chase-to-pay-920-million-to-resolve-us-investigations-into-trading-practices-.html?

**************

Itu jp mengong pun sudah kina hamtam gaw gaw by itu US authorities lor

Betul2 padan muka sama dia

Posted by BountyOfTheBourse > 2021-01-21 20:40 | Report Abuse

Why vaccine guys always so arrogant aah

Posted by BountyOfTheBourse > 2021-01-21 20:41 | Report Abuse

Why vaccine guys always come into glove rooms every day yelling screaming shouting non-stop about vaccines aah

Posted by BountyOfTheBourse > 2021-01-21 20:41 | Report Abuse

Why vaccine guys always so arrogant aah

Dia orang lagi iddiot dikkhedd x boleh faham kah that gloves have been fighting to protect people against covid-19 from day 1?

Ini vaccines baru brpa hari saja kluar, lagi sudah bikin brpa bnyk problem leh

Lagi sudah bikin itu 23 org Norwegians mati juga leh, apa pasal leh

Posted by Jesselivermore > 2021-01-21 21:47 | Report Abuse

i think the gloves counters are dropping is because of the dream is not there anymore.

katsul51

317 posts

Posted by katsul51 > 2021-01-21 21:52 | Report Abuse

Not even a single announcement from the Big 4.

beginner

1,280 posts

Posted by beginner > 2021-01-21 21:55 | Report Abuse

Just wait for the qr, what do you expect big boss to announce? It is pointless to fight with shorties, if you believe in gloves just hold else just cut loss

Posted by STEADYBOMBIBI85 > 2021-01-21 22:08 | Report Abuse

Tomorrow rebound ?

Posted by Silentreader88 > 2021-01-21 23:09 | Report Abuse

Only in Bursa Malaysia, you see how dirty and bad manipulation is done on super strong fundamental stock. Current price on Kossan was at similar range of price in June 2020, during that time how much was the case and company profit? compared to current?(simple thinking for you to understand how undervalue is this stock). Most of short seller are foreign funds. You see how much enviness and jealousy of foreign towards Malaysia as main rubber glove producer. But im pretty sure and hope end of tunnel, there will be super bullets from our local shark to destroy JP Morgan and his buddies., even their share buy back will kill themselve.

mita29

1,064 posts

Posted by mita29 > 2021-01-21 23:17 | Report Abuse

They cant manipulate US market anymore so come to play Malaysian market loh. Hope our diligent SC is monitoring closely and take appropriate actions when necessary.
https://markets.businessinsider.com/news/stocks/jpmorgan-spoofing-case-pays-fine-admits-wrongdoing-market-manipulation-traders-2020-9-1029631935

Posted by Wesley Lim > 2021-01-22 00:10 | Report Abuse

Imo its just alot of paper hands here. Stop selling and keep buying

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 01:04 | Report Abuse

I don't understand why there were no shorting reported on 21/1, yet the short position increased... How is this possible?

20/1 54,744,163 2.15%
21/1 55,609,863 2.18%

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-22 02:03 | Report Abuse

RSS shorted 865,700 on 20/01/2021, this volume was not added in 20/01/2021 Total net short position report after midnight that day ... This volume would be added into 21/01/2021 Total net short position in the next day after midnight... Means, current day transactions will be added into next day report ...

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-22 02:24 | Report Abuse

Look at Supermax...
RSS volume for 21/01/2021 was 550,000
This 550,000 will be added in 22/01/2021 later

20/01/2021 15,490,209
21/01/2021 15,490,209 ?
22/01/2021 16,040,209 check tis out later

Posted by GoldenHarvest1 > 2021-01-22 02:54 | Report Abuse

Oh dear

Posted by GoldenHarvest1 > 2021-01-22 02:54 | Report Abuse

Another vaccine problem

Posted by GoldenHarvest1 > 2021-01-22 02:55 | Report Abuse

Moderna investigating allergic reactions from Moderna vaccine

https://www.reuters.com/article/us-health-coronavirus-moderna-idUSKBN29O2C5

Posted by GoldenHarvest1 > 2021-01-22 02:55 | Report Abuse

There you go

Posted by Silentreader88 > 2021-01-22 09:21 | Report Abuse

ok green. hopefully this is starting point to burn JP morgan geng

limontea

1,171 posts

Posted by limontea > 2021-01-22 09:49 | Report Abuse

22-01-2021
KOSSAN Open: 4.050

Net Short Position 21-01-2021
KOSSAN 2.18% Open: 4.160 Close: 4.010

Net Short Position 20-01-2021
KOSSAN 2.15% Open: 4.120 Close: 4.120

Net Short Position 19-01-2021
KOSSAN 2.08% Open: 4.250 Close: 4.070

Net Short Position 18-01-2021
KOSSAN 2.06% Open: 4.270 Close: 4.220

Net Short Position 15-01-2021
KOSSAN 1.91% Open: 4.290 Close: 4.220

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: 4.580 Close: 4.480

Net Short Position 12-01-2021
KOSSAN 1.71% Open: 4.420 Close: 4.560

Net Short Position 11-01-2021
KOSSAN 1.64% Open: 4.580 Close: 4.350

Net Short Position 08-01-2021
KOSSAN 1.31% Open: 4.080 Close: 4.500

Net Short Position 07-01-2021
KOSSAN 1.16% Open: 4.020 Close: 4.050

Net Short Position 06-01-2021
KOSSAN 1.08% Open: 4.050 Close: 4.000

Net Short Position 05-01-2021
KOSSAN 0.92% Open: 3.980 Close: 4.050

Net Short Position 04-01-2021
KOSSAN 0% Open: 4.550 Close: 3.940

**********************************************

Net Short Position 21-01-2021
HARTA 1.34% Open:12.100 Close: 11.800
KOSSAN 2.18% Open: 4.160 Close: 4.010
SUPERMX 0.57% Open: 6.310 Close: 6.110
TOPGLOV 2.71% Open: 6.200 Close: 6.020

Net Short Position 20-01-2021
HARTA 1.28% Open:12.460 Close: 12.020
KOSSAN 2.15% Open: 4.120 Close: 4.120
SUPERMX 0.58% Open: 6.380 Close: 6.310
TOPGLOV 2.69% Open: 6.160 Close: 6.140

Net Short Position 19-01-2021
HARTA 1.27% Open:12.380 Close: 12.200
KOSSAN 2.08% Open: 4.250 Close: 4.070
SUPERMX 0.56% Open: 6.690 Close: 6.340
TOPGLOV 2.76% Open: 6.300 Close: 6.130

Net Short Position 18-01-2021
HARTA 1.27% Open:12.200 Close: 12.360
KOSSAN 2.06% Open: 4.270 Close: 4.220
SUPERMX 0.56% Open: 6.730 Close: 6.680
TOPGLOV 2.82% Open: 6.400 Close: 6.340

Net Short Position 15-01-2021
HARTA 1.22% Open:12.300 Close: 12.200
KOSSAN 1.91% Open: 4.290 Close: 4.220
SUPERMX 0.53% Open: 6.680 Close: 6.700
TOPGLOV 2.80% Open: 6.370 Close: 6.420

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:13.140 Close:13.000
KOSSAN 1.77% Open: 4.580 Close: 4.480
SUPERMX 0.52% Open: 7.300 Close: 7.110
TOPGLOV 2.72% Open: 6.700 Close: 6.630

Net Short Position 12-01-2021
HARTA 1.14% Open:12.420 Close: 13.140
KOSSAN 1.71% Open: 4.420 Close: 4.560
SUPERMX 0.52% Open: 7.200 Close: 7.300
TOPGLOV 2.68% Open: 6.550 Close: 6.680

Net Short Position 11-01-2021
HARTA 1.00% Open:12.680 Close: 12.220
KOSSAN 1.64% Open: 4.580 Close: 4.350
SUPERMX 0.52% Open: 7.200 Close: 7.030
TOPGLOV 2.62% Open: 6.600 Close: 6.430

Net Short Position 08-01-2021
HARTA 0.91% Open:11.000 Close: 12.500
KOSSAN 1.31% Open: 4.080 Close: 4.500
SUPERMX 0.51% Open: 6.160 Close: 7.300
TOPGLOV 2.34% Open: 5.860 Close: 6.500

Net Short Position 07-01-2021
HARTA 0.83% Open:10.640 Close: 10.900
KOSSAN 1.16% Open: 4.020 Close: 4.050
SUPERMX 0.49% Open: 5.900 Close: 6.050
TOPGLOV 1.91% Open: 5.800 Close: 5.800

Net Short Position 06-01-2021
HARTA 0.71% Open:10.700 Close: 10.600
KOSSAN 1.08% Open: 4.050 Close: 4.000
SUPERMX 0.46% Open: 5.950 Close: 5.890
TOPGLOV 1.74% Open: 5.800 Close: 5.760

Net Short Position 05-01-2021
HARTA 0.57% Open:10.560 Close: 10.600
KOSSAN 0.92% Open: 3.980 Close: 4.050
SUPERMX 0.44% Open: 5.590 Close: 5.860
TOPGLOV 1.52% Open: 5.570 Close: 5.720

Net Short Position 04-01-2021
HARTA 0% Open:12.200 Close: 10.480
KOSSAN 0% Open: 4.550 Close: 3.940
SUPERMX 0% Open: 6.020 Close: 5.510
TOPGLOV 0.22% Open: 6.100 Close: 5.500

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 10:38 | Report Abuse

Buy back started? Time to ride the wave up?

Posted by Wat2Invest > 2021-01-22 10:47 | Report Abuse

It's a green green day today~~

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