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 3 hours ago

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 10:55 | Report Abuse

This has to be the signal! Time to BUY BUY BUY!!! Hahaha

CSOON 77

173 posts

Posted by CSOON 77 > 2021-01-22 10:58 | Report Abuse

First of the MCO days more to come

Posted by FortuneBlooming > 2021-01-22 11:20 | Report Abuse

Excellent news

Posted by FortuneBlooming > 2021-01-22 11:20 | Report Abuse

Analyst recommends that investors should keep their glove stocks even after vaccinations are well under way, gonna perform strongly in 2021

https://www.freemalaysiatoday.com/category/nation/2021/01/20/dont-take-off-glove-stocks-yet-says-analyst/

Posted by FortuneBlooming > 2021-01-22 11:20 | Report Abuse

Very good

Posted by FortuneBlooming > 2021-01-22 11:21 | Report Abuse

Well done, Anand Pathmakanthan

skcheah

47 posts

Posted by skcheah > 2021-01-22 11:39 | Report Abuse

regardless of vaccines work or not work, gloves demand is still on its increasing trend coming 2 to 3 years. Those who spread misleading facts that if vaccines work and glove will decrease is those IBs and funds manager with the intention to collect gloves at a lower price.

TRYLUCK88

196 posts

Posted by TRYLUCK88 > 2021-01-22 12:08 | Report Abuse

Mr Glover, i admire your calmness last few days. Today i m less tensed liao,
linheng, where r u?

Kossan

303 posts

Posted by Kossan > 2021-01-22 12:08 | Report Abuse

Glove counters shooting up to the roof today due to unprecedented death- post vaccine. This time it happened in France

https://www.connexionfrance.com/French-news/Five-deaths-in-France-reported-after-Covid-Pfizer-BioNTech-vaccination

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 12:25 | Report Abuse

Wake your neighbours and their neighbours. Let's limit up! Hahaha.
Super Q with divvy coming! :)

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 12:36 | Report Abuse

What is the RSS volume for morning session?

Allantanks

684 posts

Posted by Allantanks > 2021-01-22 13:04 | Report Abuse

morning rss data pls.

Posted by BountyOfTheBourse > 2021-01-22 13:22 | Report Abuse

Good news from TopGlove

Posted by BountyOfTheBourse > 2021-01-22 13:22 | Report Abuse

Hooray!

Posted by BountyOfTheBourse > 2021-01-22 13:22 | Report Abuse

Yee haah!

Posted by BountyOfTheBourse > 2021-01-22 13:23 | Report Abuse

Well done, TopGlove

UnkleLim

511 posts

Posted by UnkleLim > 2021-01-22 13:38 | Report Abuse

Hopefully no RSS position close today

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 14:06 | Report Abuse

Ben Tan reported in TG forum that Kossan and Supermax 0 RSS in morning. Perhaps they ran out of stock to short? Let's go guys! Come ride the bull now, try to limit up? :)
Q reporting with divvy coming soon. HUAT AH!!!

linheng

1,361 posts

Posted by linheng > 2021-01-22 14:13 | Report Abuse

Posted by TRYLUCK88 > Jan 22, 2021 12:08 PM | Report Abuse
Mr Glover, i admire your calmness last few days. Today i m less tensed liao,
linheng, where r u?
Like I said before, just use whatever means to top up, be it mortgage overdraft or margin acc. Gloves can pay a dividend yield of at least 13%. Can cover your other account interest 3X and you are entering at low level. Even JP Morgan TP is $3.80 for Kossan but $3.50 for TGlove.
I top up again at $4.11 and $4.01. Was prepared to top up at $3.91 but did not managed to get

linheng

1,361 posts

Posted by linheng > 2021-01-22 14:15 | Report Abuse

By the way, its seems that the Pfizer vaccine is not effective for the new strain of covid from SA. Also the blood plasma anti bodies is not effective treatment for this new strain. Stay safe

beginner

1,278 posts

Posted by beginner > 2021-01-22 14:15 | Report Abuse

Ben Tan Shorting up to now for the day:

Top Glove: 2,263,100 shares shorted (8% of total volume for the day)
Harta: 167,100 shares shorted (4.5% of total volume for the day)
Kossan and Supermax: 0

buy back for Kossan & Supermx today? But topglov is truly outstanding with 2.2m short but still up so much

linheng

1,361 posts

Posted by linheng > 2021-01-22 14:16 | Report Abuse

https://www.klsescreener.com/v2/news/view/781629/top-glove-launches-recruitment-drive-for-9-000-employees
TopGlove on recruitment drive for 9000 malaysians, out of which 2000 is for University grads.

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 14:25 | Report Abuse

@beginner 2.2m short but only 8% of volume. Definitely looks like a bull run and shorties kena stampede ler. Kossan and Supermax 0, I think they may be starting to cover position. I'm inclined to think that momentum will continue into next week. :)

linheng

1,361 posts

Posted by linheng > 2021-01-22 14:30 | Report Abuse

Posted by MrGlover > Jan 22, 2021 2:25 PM | Report Abuse
@beginner 2.2m short but only 8% of volume. Definitely looks like a bull run and shorties kena stampede ler. Kossan and Supermax 0, I think they may be starting to cover position. I'm inclined to think that momentum will continue into next week. :)
Harta result out Monday lunch time. They shd be giving out a set of stella results and hopefully a bonus issue.
That would have a contagion effect on other glove counters.
Think the result selldown was also because Supermax results were delayed.

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 14:43 | Report Abuse

Looks like Supermax is heading towards cleaning up the sell queue. Let's go Kossan! :)

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:00 | Report Abuse

Whoa!

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:01 | Report Abuse

Very good TopGlove news!

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:01 | Report Abuse

Booming TopGlove offering 9,000 jobs to Malaysians!

https://www.nst.com.my/news/nation/2021/01/659667/booming-top-glove-offer-9000-jobs-malaysians-year

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:01 | Report Abuse

Wow, man!

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:01 | Report Abuse

Awesome!

CoolBull

3,675 posts

Posted by CoolBull > 2021-01-22 15:02 | Report Abuse

Superb!

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 15:37 | Report Abuse

Got shorting since 2.30pm? Someone reported shorting on TG and Kossan

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 15:38 | Report Abuse

Excited! Next week likely be a great week for the Gloves as well :)

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-22 15:39 | Report Abuse

well done kossan!

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-22 15:49 | Report Abuse

last egm mr lim said Q4 & Q1 results this year will be veryx3 well :)

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-22 15:50 | Report Abuse

i trust mr lim

beginner

1,278 posts

Posted by beginner > 2021-01-22 15:58 | Report Abuse

200m+ paper loss, shorties sure won't give up so easily as this is very x3 huge loss. they will definitely keep on trying to fight back especially topglov and kossan which are the top 2 net short. but the day when they give up the gain will be truly rewarding where they have to buy back 55m shares of kossan

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 16:00 | Report Abuse

Trade volumes are healthy again for all Big 4. Definitely a bull run la. Come come everyone, ride the bull. CNY HUAT AH!! :)

Posted by kucinghitam > 2021-01-22 16:08 | Report Abuse

HUATTT NEXT WEEK FLY TO THE MOON

chshzhd

1,908 posts

Posted by chshzhd > 2021-01-22 16:40 | Report Abuse

time will come for kossan to over take in rally ..

beginner

1,278 posts

Posted by beginner > 2021-01-22 16:58 | Report Abuse

yes, CNY around the corner, wish all HUAT till CNY and Kossan will break RM5 next week

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 17:02 | Report Abuse

Congratulations all! Great day today. Surely looks like it gonna be a bull run till CNY :)

MrGlover

247 posts

Posted by MrGlover > 2021-01-22 17:03 | Report Abuse

Anyone has RSS stats for today across the Big 4? Time to figure out what happened :p

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-22 17:05 | Report Abuse

RSS total sold volumes for today ... Kossan 0 shares, Hartalega 167,100 shares, TopGlove 3,300,000 shares, SuperMax 0 shares ...

5c0160

1,763 posts

Posted by 5c0160 > 2021-01-22 17:05 | Report Abuse

LOL. kossan is the slowest among the big 4 glove counter.

GoodBoy

6,594 posts

Posted by GoodBoy > 2021-01-22 17:07 | Report Abuse

Gloves counters strong rebound ... much earlier than my expectation ...

beginner

1,278 posts

Posted by beginner > 2021-01-22 17:11 | Report Abuse

how long more can shorties hold? will they really hold till qr out and pay the divvy? my bet shorties nearly burst, if next week can green again shorties will admit loss and buy back

Posted by noobinvestor98 > 2021-01-22 17:15 | Report Abuse

I think just wait until Kossan announces its quarterly dividend. Confirm big augpau this time. Shorties will have no choice but to pay cash dividend to the lenders. Hence, this will lead to cash loses for the fellow shorties. For the moment, why not just hold tight tight and wait for the big augpau?

super_newbie

1,261 posts

Posted by super_newbie > 2021-01-22 17:15 | Report Abuse

FY2020 likely to make RM1,100m and so far only RM76.74m dividend been distributed. If based on 30% dividend policy, the outstanding final dividend is around RM330m or RM0.10 per share for 2020. I hope there's a special dividend announce for financial year 2020.

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