Posted by dompeilee > 2021-04-22 09:31 | Report Abuse

Y ppl in such a hurry 2 take profit??? Wait for the dividend to pay for the parasite brokers' commissions first ma

Posted by davidong > 2021-04-22 09:44 | Report Abuse

dompeilee agreed with you

Posted by 8888_ > 2021-04-22 09:52 | Report Abuse

18-19% DY follow PublicInvest report.

Posted by soon9913 > 2021-04-22 10:09 | Report Abuse

22.04.2021 HLIB - TP RM5.60

ASPs have not peaked yet

We attended Kossan’s 1QFY21 earnings briefing and came away feeling positive
on the group’s prospects going forward. Despite ASPs rising 50-60% QoQ in
1Q21, we expect ASPs to increase by another 8-10% QoQ in 2Q21. We raise our
FY21/22/23 earnings forecasts by 10.9%/2.5%/5.3% to account for higher than
expected disposable glove ASPs going forward. After adjusting for latest net
cash figure and incorporating higher earnings forecasts, our TP rises from
RM5.22 to RM5.60. Maintain BUY.
Below are the key takeaways from Kossan’s 1Q21 results briefing.
Average Selling Price (ASP) outlook. To recap, Kossan’s ASPs increased by 50-60%
QoQ in 1Q21. Kossan shared that despite the large increase in ASP, they expect this
to grow even more in 2Q21 given that April ASPs have so far been higher than 1Q21.
Overall, we expect 2Q21 ASP to be 8-10% higher QoQ. While one of Kossan’s peers
have reported a slight downtrend in ASPs recently, Kossan reckons that this may be in
part to selling to traders who offered higher prices, instead of actual medical product
distributors, which resulted in unsustainable price levels. All in all, we reiterate our
stance that we do not expect Kossan’s ASPs to decline until 3Q21 at the very earliest .
Volume outlook. In terms of volumes, Kossan’s sales volumes were 2-4% higher in
1Q21 QoQ due to spillover effect from Covid-19 disruptions on operations in 4Q20.
Kossan shared that volumes in 2Q21 is expected to be even higher QoQ as 1Q21 still
took time for operations to reach full capacity in Jan-21 when factories restarted
operations. In totality, we expect higher volumes in FY21 YoY as Kossan shared that
they are (i) on track to add 3.5bn pieces in annual capacity and (ii) capacity has been
fully taken up until end-FY21.
Sales breakdown. We expect glove demand (and hence ASPs) to continue to be
supported by Covid cases rebounding strongly globally, particularly in India (Figure #1-
2). While Kossan does not sell directly to India, they shared that there is little to no
difference in ASPs to different regions. Currently, Kossan’s sales breakdown by
geographic region is as follows: 45-50% America, 30-35% Europe, 15% Asia Pacific
and 5% rest of the world.
Dividend. Recently declared DPS of 12 sen represented just 30% of 1Q21 earnings.
Despite this, Kossan shared that they expect to pay out closer to 40% of full year FY21
earnings. Based on current share price, this would represent a dividend yield of 12.3%
based on our FY21 forecasted net profit.
Forecast. We raise our FY21/22/23 earnings forecasts by 10.9%/2.5%/5.3% to account
for higher than expected disposable glove ASPs going forward, as guided by
management.
Maintain BUY, TP: RM5.60. After adjusting for latest net cash figure and incorporating
higher earnings forecasts, our TP rises from RM5.22 to RM5.60. We value Kossan
using with their pre-pandemic 5-year average PE multiple of 24x (CY15-19) based on
sustainable earnings in a post-super normal earnings environment (FY23) summed
with free cash flows (both discounted back to PV) generated during the boom period.
At current levels, Kossan is trading at a PE of just 3.2x based on FY21 forecasted
earnings. The resurgence of cases globally should be positive for sentiment on glove
stocks. Maintain BUY.

Posted by soon9913 > 2021-04-22 10:09 | Report Abuse

those holding kossan , this is a must read article after HLIB interview with Kossan management, the ASP not reach the peak yet!!

Posted by soon9913 > 2021-04-22 10:10 | Report Abuse

if base on the 40% of div policy it is easily pay 40cents this year give strong ASP and demand, and new capacity in production

Posted by 8888_ > 2021-04-22 10:15 | Report Abuse

6.1 PBB TP still got 50% upside.

Posted by 8888_ > 2021-04-22 10:18 | Report Abuse

Higher than EPF dividend so EPF must add?

Posted by 8888_ > 2021-04-22 10:18 | Report Abuse

20-Apr-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 300,000 shares on 15-Apr-2021.
20-Apr-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 450,000 shares on 13-Apr-2021.

Posted by 8888_ > 2021-04-22 10:21 | Report Abuse

5c0160 your RM 3 where?

Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD
Apr 5, 2021 5:36 PM | Report Abuse
Now believe or not sunset oledi. Insider new may be tmr below 3 next 2.70

5c0160 Today who bot at 4.1+ for contra player go holland. Really the most rubbish top 4 glove counter. LOL.
21/04/2021 5:10 PM
https://klse.i3investor.com/servlets/cube/post/5c0160.jsp

Posted by 8888_ > 2021-04-22 10:26 | Report Abuse

Most rubbish cannot buy? Why you in stock market?

5c0160 Today who bot at 4.1+ for contra player go holland. Really the most rubbish top 4 glove counter. LOL.
21/04/2021 5:10 PM

Posted by 8888_ > 2021-04-22 10:29 | Report Abuse

5c0160 FD best for you? Which bank can tell your FD cert?

Posted by heyy08 > 2021-04-22 10:34 | Report Abuse

will it drop a bit this week? is it 4.07 consider high for short term?

Posted by soon9913 > 2021-04-22 10:38 | Report Abuse

similar earning and revenue with supermax but price much lower. and IB aldy told you got new capacity in 2H of year and coming quarters ASP will be much higher. what do you think?

Posted by 8888_ > 2021-04-22 10:39 | Report Abuse

4.08 more than your quoted 4.07.

heyy08 will it drop a bit this week? is it 4.07 consider high for short term?
22/04/2021 10:34 AM

Posted by 8888_ > 2021-04-22 10:40 | Report Abuse

If enter CI Kossan can match Supermax?

Posted by 8888_ > 2021-04-22 10:41 | Report Abuse

>RM 1 billion profit 1 qtr how many CI members can get?

Posted by Tan Yew Meng > 2021-04-22 10:58 | Report Abuse

India's 'double mutation' covid virus variant is worrying the world

https://www.livemint.com/news/india/indias-double-mutation-covid-virus-variant-is-worrying-the-world-11618789603145.html

Posted by Tan Yew Meng > 2021-04-22 10:59 | Report Abuse

Countries, including S'pore, on guard against India's new 'double-mutant' Covid-19 variant

https://www.straitstimes.com/singapore/health/continued-vigilance-is-key-as-worrisome-variant-in-india-and-other-variants-spread

Posted by 8888_ > 2021-04-22 11:45 | Report Abuse

4.18 done today 4.11 still lucky?

monorail Lucky got escape at 4.11 haha
21/04/2021 5:26 PM

Posted by 8888_ > 2021-04-22 11:55 | Report Abuse

4.2 done monorail not aware?

Posted by Tan Yew Meng > 2021-04-22 12:13 | Report Abuse

All Glove counters have started turbo engine to surge drastically.

Posted by Kckc123 > 2021-04-22 12:15 | Report Abuse

Hok zoi nan ji kai si jiu koi sueh teochew nan. Wa kak lu tah wa shin wei teochew nan wa xiang zhu hao.

Posted by dick20 > 2021-04-22 12:57 | Report Abuse

https://klse.i3investor.com/blogs/kltrader/2021-04-22-story-h1564079978-Glorious_Days_in_Gloves_Sector_Are_Not_Over_Yet.jsp

Glorious days not over yet according to Macquarie!

Posted by 8888_ > 2021-04-22 14:37 | Report Abuse

Gogogo Kossan.

Posted by 8888_ > 2021-04-22 14:40 | Report Abuse

6.1 TP(PublicInvest); 1.8 upside more.

Posted by 8888_ > 2021-04-22 14:41 | Report Abuse

CIMB TP nobody heard?

Posted by 8888_ > 2021-04-22 14:50 | Report Abuse

Heng ong huat ah!

Posted by rogers123 > 2021-04-22 14:58 | Report Abuse

wAHAHAHA

Posted by dompeilee > 2021-04-22 15:00 | Report Abuse

monorail Sold all at 4.11. TQ Kossan
21/04/2021 9:34 AM

dompeilee Y ppl in such a hurry 2 take profit??? Wait for the dividend to pay for the parasite brokers' commissions first ma
22/04/2021 9:31 AM


Speculators like monorail...brokers earn all their $$$ lol

Posted by denialC > 2021-04-22 15:04 | Report Abuse

the cheaper glove stock finally the share prices boost up!!!

Posted by dompeilee > 2021-04-22 15:09 | Report Abuse

Even Topglov, which I bought JUST for the dividend, is now profitable after deducting pa rasite commissions =)

Posted by Brutus > 2021-04-22 15:13 | Report Abuse

At times, I always wonder why am I vested in this (many so called) "lousy useless counter"? Good that I always have faith in the management team.

Posted by Start_0f_the_bull > 2021-04-22 15:21 | Report Abuse

Crazy Adventa limit up already!

Posted by Challengerwinner > 2021-04-22 15:41 | Report Abuse

sell all at RM4.30,Good luck

Posted by tamp0i > 2021-04-22 15:42 | Report Abuse

I like put my money "sunset" industry that can produce 1b profit after tax in 1 quarter...

Posted by dompeilee > 2021-04-22 15:46 | Report Abuse

Brokers count on ppl to in/out, in/out for cheap thrills...little risk 2 them...after 1 year, if u really check, most of your hard-earned $$$ masuk their pocket...daylight robbery lol

Posted by Hector > 2021-04-22 15:53 | Report Abuse

turboooo on!

Posted by DreamEmperor > 2021-04-22 16:01 | Report Abuse

Kossan pon kuat juga

Posted by DreamEmperor > 2021-04-22 16:01 | Report Abuse

Very good sign

Posted by ngliptat > 2021-04-22 17:16 | Report Abuse

All technical barriers should have been removed, hope to see another great green stick!

Posted by dompeilee > 2021-04-22 17:20 | Report Abuse

Kossan outperform Supermx & Topglov 2day...I have more Kossan than Supermx or Topglov...

Posted by Smart Beginners > 2021-04-22 17:21 | Report Abuse

Suddenly so noisy at kossan comment section ? Where are you all when kossan during below rm4?

Posted by CynicalCyan > 2021-04-22 17:53 | Report Abuse

JP Morgan hold so much Kossan for what? Not super bearish on gloves meh?

Everyone please see for yourselves at Kossan Annual Report.

Posted by Ukga > 2021-04-22 18:51 | Report Abuse

Impressive quarterly result....Hope this will lead to sustainable higher share price and good dividends payout into 2022. Cheers and stay safe.

Posted by soon9913 > 2021-04-22 19:17 | Report Abuse

good div payout no need wait until 2022. 12 cents will be ex on 6 May 2021. Coming quarters result will be better also given higher ASP base on the interview by HLIB to Kossan boss,. this year easily can get 40 cents div if base on 40% profit paid out

Posted by Aa01182 > 2021-04-22 19:35 | Report Abuse

... looks like the analysts @JP Morgan can't even get one quarter forecast right.

Posted by nuilam hali > 2021-04-22 19:39 | Report Abuse

no one trust jp

Posted by katsul51 > 2021-04-22 21:43 | Report Abuse

JP morgan has significantly increase its stake to 16mil share or 0.65% equity compared to 2019 and ask retailers to sell by reducing the target price. JP morgan new motto should be "' World most trusted Investment Bank"' or " Your most trusted Investment Bank, we will dig the grave for your investment"'.

Posted by HELPMRC > 2021-04-23 02:16 | Report Abuse

Please take a look PE of Glove Manufacturer Mercator Medical. Ticker is WSE:MRC
Current PE is 2.5 for 2020, PE for last year (with latest earnings estimate from this week) is 1.9. There's no other glove company with such low PE. All Free Float can be procured with current price for less than 250 mln USD.
Please support and share. Looks that someone is making fun of shareholders. Especially when all other Glove companies returned to positive trend.
If you look on current price you'll know it's a joke.