KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.40

Today's Change

+0.01 (0.42%)

Day's Change

2.38 - 2.41

Trading Volume

1,040,300


19 people like this.

15,949 comment(s). Last comment by Albukhary 2 hours ago

shearer202

1,550 posts

Posted by shearer202 > 2021-06-01 15:49 |

Post removed.Why?

Posted by BuffetOnWeed > 2021-06-01 19:20 | Report Abuse

5c0160 tomorrow PN17

Infinite

128 posts

Posted by Infinite > 2021-06-01 22:09 | Report Abuse

TG gloves stuck at US market, 25% of US volume where to go? Only Harta and Kossan will enjoy the sales. Harta valuation at high side, Kossan is the safe heaven. TG coming qtr profit will down.

soon9913

2,709 posts

Posted by soon9913 > 2021-06-01 22:52 | Report Abuse

current price is attractive

shearer202

1,550 posts

Posted by shearer202 > 2021-06-02 09:02 | Report Abuse

Glove counter is like a dead fish now n the shareholders are pending to be fried in hot oil !
Rm 1.xx coming , glove is dead.....glove is dead.....glove is dead.....glove is dead.....glove is dead.....glove is dead.....glove is dead.....glove is dead.....! Wake up boys.......Wake up boys.......Wake up boys.......Wake up boys.......Wake up boys.......Wake up boys.......Wake up boys.......!!!!

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-02 18:11 | Report Abuse

Tmr 3.60. nexy month 3.00 . Aug 2.70

8888_

2,919 posts

Posted by 8888_ > 2021-06-03 12:08 | Report Abuse

ASP not increase meh?

8888_

2,919 posts

Posted by 8888_ > 2021-06-03 12:08 | Report Abuse

02-Jun-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 550,000 shares on 28-May-2021.
02-Jun-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 600,000 shares on 27-May-2021.
31-May-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 346,100 shares on 19-May-2021.

8888_

2,919 posts

Posted by 8888_ > 2021-06-03 12:21 | Report Abuse

SBB so long not in use how abt today?

GloveASP

34 posts

Posted by GloveASP > 2021-06-03 14:37 | Report Abuse

Stanley consider to cancel glove manufacturing setup in US

apple1999

190 posts

Posted by apple1999 > 2021-06-03 14:51 | Report Abuse

what happen to kossan, drop faster than others

Consultant

1,200 posts

Posted by Consultant > 2021-06-03 15:02 | Report Abuse

yay dropping to rm3 soon =DDDD

Speed99

223 posts

Posted by Speed99 > 2021-06-03 16:08 | Report Abuse

Dont miss the boat... collect now .. rebound soon

Posted by Maxellboom > 2021-06-03 16:31 | Report Abuse

What price buy is better?

RISK8888

2,231 posts

Posted by RISK8888 > 2021-06-03 19:57 | Report Abuse

if can go down to RM2, best price to enter.

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-03 20:06 | Report Abuse

Game over glove counter. Tmr 3.50

Consultant

1,200 posts

Posted by Consultant > 2021-06-04 10:09 | Report Abuse

Rm3 la.. alang alang.. discount a bit for me to buy hehe

Loh Kok Wai W

3,608 posts

Posted by Loh Kok Wai W > 2021-06-04 15:07 | Report Abuse

many small investor kena trap ! glove counter give dividend,give bonus...........now small investor return thier dividend to glove counter.......hahaha....i help u ,u help me.

Posted by Maxellboom > 2021-06-04 16:07 | Report Abuse

Good

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-04 17:44 | Report Abuse

Kossan now is rubbish counter.

Sneakpeek

2,199 posts

Posted by Sneakpeek > 2021-06-04 18:26 | Report Abuse

I'm so free right now i give glover simple analysis haha..

10 days ago

1st tier
TG 5.48 now 4.90 down 10%
Kossan 4.40 now 3.76 down 14.5%
Harta 10.06 now 8.57 down 14.8%
Supermax 5.10 now 3.92 down 23%

2nd tier
Rubberex 1.32 now 1.06 down 19.7%
Comfort 2.50 now 1.99 down 20%
HLT 1.19 now 0.90 down 24%
Care+ 2.87 now 1.84 down 35%

Posted by GloveBurnHand > 2021-06-04 19:18 | Report Abuse

2.3 coming soon

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-04 20:08 | Report Abuse

Too high. 1.80

Hustle

3,615 posts

Posted by Hustle > 2021-06-04 21:04 | Report Abuse

1.20 coming

tamp0i

912 posts

Posted by tamp0i > 2021-06-05 10:12 | Report Abuse

That is why a lot of fishes losses money in stocks they treat it like gambling, sai-lang, all-in... Later market dropped 5% pants also have to sell off, haha.. Oh boyyyy

Loh Kok Wai W

3,608 posts

Posted by Loh Kok Wai W > 2021-06-08 22:00 | Report Abuse

Listen n follow too much Analysis said...buy n sell....will lost more money...those is hantu !they call u buy or hold,but they sell.

Posted by Louise13 > 2021-06-09 01:44 | Report Abuse

buy buy buy

GloveASP

34 posts

Posted by GloveASP > 2021-06-09 12:05 | Report Abuse

GLOVE STOCK IS GOOD FOR LONG TERM INVESTMENT THAT IS CORRECT, BUT JUST GET THE INFORMATION FROM CHINA PEOPLE MENTIONED AT LEAST 300 EKAR CONSTRUCTION BASE IN BULIDING, AT THE END ASP MAYBE DROP BACK TO 1 BOX USD21

TokioDeals

123 posts

Posted by TokioDeals > 2021-06-09 13:35 | Report Abuse

Good @GloveASP, can hear you loudly but wen bottom? I want to buy

Posted by foreign_fund > 2021-06-09 14:42 | Report Abuse

3.66 not bottom? Why you don't buy yesterday?

Posted by foreign_fund > 2021-06-09 14:43 | Report Abuse

3.7 still good price can add a lot?

Posted by SamLiRainMaker > 2021-06-09 16:00 | Report Abuse

slow and stable compare to Super or TG.

GloveASP

34 posts

Posted by GloveASP > 2021-06-09 16:08 | Report Abuse

Malaysia Government insider news, they will decide to close all the business soo due to covid

Posted by BuffetOnWeed > 2021-06-09 17:04 | Report Abuse

Glove asp don't talk crap.

Ahboy96

148 posts

Posted by Ahboy96 > 2021-06-09 17:44 | Report Abuse

going up soon

Will76

591 posts

Posted by Will76 > 2021-06-09 22:52 | Report Abuse

KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.

Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).

"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.

Lim expects lower nitrile latex prices as costs of the raw materials, namely butadiene and acrylonitrile, are expected to decline by 10% and 6% respectively between May and August.

"A lower natural rubber latex concentrate price is expected in the coming months as the wintering season ended in May 2021, and yields are expected to improve," he added.

The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.

Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.

The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.

On a year-on-year (y-o-y) basis, the group’s quarterly net profit jumped almost five times to RM2.04 billion from RM347.9 million a year earlier on a higher revenue.

Revenue climbed to RM4.16 billion for 3QFY21 from RM1.69 billion previously.

Despite the weaker earnings performance, Top Glove declared a dividend of 18 sen a share, including a special dividend of 5.3 sen.

Top Glove gained six sen to close at RM4.84 today, with a market capitalisation of RM39.72 billion. It saw 34.54 million shares traded.

Posted by WaterBlower > 2021-06-10 12:32 | Report Abuse

Where is Mabel meow meow meow? Long time didn't see her edi, miss her.

Wanna Meow Meow her

GloveASP

34 posts

Posted by GloveASP > 2021-06-10 15:05 | Report Abuse

UMNO insider explore if COVID case still in high position, they will execute the full lockdown immediately include non of the business ca be operated. Stanley transfer more than 2billions MYR to US ready for mew plant funding

tansm1

1 posts

Posted by tansm1 > 2021-06-10 16:03 | Report Abuse

my Kossan gone already!!! :(

Ahboy96

148 posts

Posted by Ahboy96 > 2021-06-10 16:53 | Report Abuse

seems like glove is in downtrend right now. duno still will drop how much

AdCool

3,861 posts

Posted by AdCool > 2021-06-10 16:58 | Report Abuse

hah? glove in downtrend now? isnt it already downtrend since mid October 2020? Now is hovering without up or down.

1invest1

1,467 posts

Posted by 1invest1 > 2021-06-10 17:37 | Report Abuse

Kossan is good. No doubt abt it.
Going forward, profits will become lower due to recovery, vaccinations, ASPs, competition, etc.

Mkt conditions, trends, environment, industries, competition, etc. change & move forward. No stk can continue dominating & give high returns & dividends permanently. Perhaps, high-tech and medicine maybe exceptions due to patents & monopolies.

Projections are good but mkt conditions change very quickly due to numerous factors including faster & rising vaccinations, recovery, lower infections, etc.

If you want to not put all yr eggs in 1 basket or consider an alternative, RWLV is opening on June 24 & Grand Opening on July 4 in Nevada, USA.

Kevin Tam

525 posts

Posted by Kevin Tam > 2021-06-10 23:04 | Report Abuse

Kossan is performing better than Supermax n Topglove in term of maintaining ASP n profit after tax ; the falling of ASP of Topglove is faster than expected, maybe the ban to export to USA market the main factor for ASP to drop so fast ... The current selling pressure for Kossan looks like overreacting...

somo1

178 posts

Posted by somo1 > 2021-06-11 11:18 | Report Abuse

Well, we'll find out in August when the June Quarterly results is released. From now till then, no news but we can expect surprises, more likely negative ones, driven by macro picture beyond the company itself.

Perakian

45 posts

Posted by Perakian > 2021-06-11 11:28 | Report Abuse

If TopGlove cannot export to US why not Kossan export on behalf?

probability

14,460 posts

Posted by probability > 2021-06-11 21:14 |

Post removed.Why?

RISK8888

2,231 posts

Posted by RISK8888 > 2021-06-12 20:47 | Report Abuse

Monday all glove stock will rise. Take opportunity to earn quick money. Dont miss the opportunity guys!!!

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