Posted by CoolBull > 2021-06-13 01:37 | Report Abuse

Glovemakers unlikely to be severely impacted by softening prices

https://www.thestar.com.my/business/business-news/2021/06/12/glove-makers-unlikely-to-be-severely-impacted-by-softening-prices

Posted by Kossan > 2021-06-13 15:56 | Report Abuse

With dramatic TG ADR rise in USA and Frankfurt, likely due to CBP removal and 3rd COVID wave in summer

Posted by Benny1123 > 2021-06-13 17:22 | Report Abuse

Monday surely up..

Posted by brian3381 > 2021-06-13 17:33 | Report Abuse

Covid cases droping. Run run

Posted by jolynce > 2021-06-13 19:55 | Report Abuse

My entry into glove is considered late compared to many people here. And Kossan was my first glove stock.. bought @3.36 2 months ago in early April this year. In 2 short weeks, the price went up over 40%! I was like.. WHAT?! When prices of glove stocks started coming back down, I started collecting Harta and TG too. Because I saw how the price of Kossan went up 40% in just 2 weeks! And also because these companies are doing so well, making tons and tons of money, and prices have came down so much from their peak... so I don't see the logic of NOT buying more.

Posted by ks5S > 2021-06-13 20:34 | Report Abuse

joynce , you are absolutely right

Posted by jolynce > 2021-06-13 20:43 | Report Abuse

Thanks @Ks5S. My first entry into gloves (Kossan @ 3.36 in early April) is my "benchmark" for when to collect, bit by bit and then more and more as Kossan approaches my original entry price of 3.36. I think EPF and substantial shareholders agree as well. LOL!

Posted by brian3381 > 2021-06-13 20:45 | Report Abuse

Soon wil below rm3

Posted by brian3381 > 2021-06-13 20:45 |

Post removed.Why?

Posted by jolynce > 2021-06-13 20:47 | Report Abuse

@brian3381 I'll buy more. Cash rich company. Why scared? LOL!

Posted by brian3381 > 2021-06-13 20:57 | Report Abuse

Money stuck loh.

Posted by brian3381 > 2021-06-13 20:57 | Report Abuse

Not fuly utilised. Bad investment strategy

Posted by acbiz88 > 2021-06-14 06:53 | Report Abuse

The downtrend will end when you see the red report card or new start-up started to fall

Posted by wallstreetrookie > 2021-06-14 06:59 | Report Abuse

risk on

Posted by Kevin Tam > 2021-06-14 10:26 | Report Abuse

The down trend should stop soon due to the Covid 19 cases going up again in Asia. And U.K. with 45-47% people fully vaccinated, cases also gone up to 6500-7000 above recently ; among the top 4 glove counters, Kossan is cheaper than Topglove n Harta n higher value than others. Another advantage is while Topglove n Supermax ASP started to fall in latest quarter, most probably Kossan next quarter profit still higher than the March/ 21 quarter ...

Posted by Ahboy96 > 2021-06-14 15:17 | Report Abuse

just bought 10lot @ 3.61. still believe it will rebound soon due to the current outbreak pandemic

Posted by tamp0i > 2021-06-15 23:41 | Report Abuse

Money stuck at a genuine money making company giving dividends every quarter is better than money stuck at a goreng counter right? Hahaha

Posted by The_JQuestion > 2021-06-15 23:59 | Report Abuse

EPF is back price should stabilise soon already undervalue bout time la EPF watching happily IB are watching closely too they love to see it drop

Posted by Ukga > 2021-06-16 18:26 | Report Abuse

EPF continuously top-up Kossan in June. Something brewing in the near future??

Posted by Mabel > 2021-06-17 23:37 | Report Abuse

Some wise words..

Many investors have the vision to spot a diamond when they see one.

Few investors have the courage to buy a diamond selling cheap. Very few investors have the VISION (to spot the diamond), the COURAGE (to buy low ) and the PATIENCE to wait for the diamond to reflect its true brilliance for a very profitable investment.

PATIENCE is the greatest jewel of every successful investor...

Meow

Posted by GloveASP > 2021-06-18 15:46 | Report Abuse

I dare to confirm, malaysian will die in covid total 100000 above, full lockdown without any business can have more than 3 months

Posted by Ahboy96 > 2021-06-18 18:20 | Report Abuse

buy when during cheap... glove is still necessary during this pandemic...

Posted by WaterBlower > 2021-06-19 22:07 | Report Abuse

Ah Mabel is here meow meow~

I miss your meow meow, I meow you, you meow me, we meow meow meow together!!!

Posted by Kabali > 2021-06-20 13:05 | Report Abuse

Buying more next week.....rebound due

Posted by ket4212 > 2021-06-21 08:05 | Report Abuse

morning everyone

Posted by Bgt 9963 > 2021-06-21 08:38 |

Post removed.Why?

Posted by ket4212 > 2021-06-21 08:50 | Report Abuse

brother 9963 have a nice day

Posted by Will76 > 2021-06-21 12:32 | Report Abuse

KUALA LUMPUR (June 21): PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU).

Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.

According to her, the improving Covid-19 situations in the US and EU resulted in much lesser urgency for distributors to immediately replenish inventories back to usual levels of two to three months.

“The buyers are adopting a more careful stance currently to avoid locking in purchases at high prices.

“We expect ASPs of gloves to start trending lower in the second half, supported by the improved Covid-19 situation as well as lower raw material prices as tight supply of nitrile butadiene latex continues to ease and [with a] better yield for latex concentrate after the end of the wintering season in May,” she said.

She also noted that glove makers’ commitment to stepping up on their social compliance practices will also translate into higher costs going forward, and she reckoned that it would take time for glove makers to fully pass on the cost increase to buyers, so it should result in margin compression in the near term.

Chua downgraded her rating of Kossan Rubber Industries Bhd to "neutral", with a lower target price (TP) of RM3.65.

“We cut our FY21 to FY23 earnings forecasts for Kossan by 37% to 51% to account for the expected decline in ASPs,” she said.

She also maintained her "neutral" call on Top Glove Corp Bhd but lowered her TP to RM4.40.

Posted by NatsukoMishima > 2021-06-21 15:14 | Report Abuse

Cases higher price stagnant , cases lower price waterfalling ! How to play like this ?..

Posted by Kevin Tam > 2021-06-21 16:24 | Report Abuse

Public research is slow to downgrade those glove counters in this month ; while the Delta variant make more uncertainty toward the EU n Asian countries near term recovery.... The TP of 3.60-3.65 by Public is irrational n they r silly to give too many review n TP every 2 weeks ...

Posted by Ahboy96 > 2021-06-21 17:02 | Report Abuse

not bad today... still staying at 3.60

Posted by OkieDokie > 2021-06-21 17:22 | Report Abuse

Analysts work for IBs and IBs are the paymasters. IBs are trying to milk from the retailers so what do you expect from stuff that are written by analysts

Posted by Hl123456 > 2021-06-22 08:25 | Report Abuse

https://manufacturing.einnews.com/pr_news/544358935/disposable-medical-gloves-market-size-is-projected-to-reach-usd-14-03-billion-at-a-cagr-of-10-6-by-2027?n=2&code=xshQdz-fzRny7Hml&utm_source=NewsletterNews&utm_medium=email&utm_campaign=Malaysia+Manufacturing+News&utm_content=article

Posted by Bgt 9963 > 2021-06-22 08:34 |

Post removed.Why?

Posted by BrusaCasino > 2021-06-22 12:09 | Report Abuse

EPF selling

Posted by kahfiehlai > 2021-06-22 19:27 | Report Abuse

Buying instead

Posted by bf70 > 2021-06-23 12:48 | Report Abuse

What tp can buy? 2.5.

Posted by bf70 > 2021-06-23 12:56 | Report Abuse

Everyday about 10sen fall.
Price tomorrow 3.3x.

Posted by AdCool > 2021-06-23 14:28 | Report Abuse

low volume but dropped a lot. You should know what it means.

Posted by DChosen2 > 2021-06-23 14:49 | Report Abuse

Come 2.8 all in ady.

Posted by AdCool > 2021-06-23 16:12 | Report Abuse

Remember that JP Morgan gave TP 3.80. Technical indicators showing oversold now.

Posted by yjasonng2020 > 2021-06-23 16:31 | Report Abuse

Public Invest has helped JP Morgan to get more cheaper sales to close their RSS by lowering down to TP to 3.65.

Posted by 5354_ > 2021-06-24 09:00 | Report Abuse

Who sell when EPF keep buying?

Posted by Sneakpeek > 2021-06-24 11:42 | Report Abuse

Harta / TG / Ruberex all reach lowest price in 52 weeks already..

Kossan / Spermax not far away..maybe today or tomorrow can join the party

Left Careplus / Comfort / HLT

Posted by trum > 2021-06-24 11:48 | Report Abuse

Which price to buy Bro?

Posted by Hustle > 2021-06-24 12:23 | Report Abuse

Impossible EPF help JP Morgan do RSS, if yes Kossan boss already do share cancellation

Posted by Hidup_Anwar > 2021-06-24 13:21 | Report Abuse

EPF RSS behind drop?

Posted by AdCool > 2021-06-24 13:55 | Report Abuse

everyone conveniently forget bout those poorer countries situation. Brazil has not even recovered from the pandemic since early this year. And South America are facing such a dire situation but nobody reported it as if they have been totally censored and ignored.

https://www.reuters.com/world/americas/brazil-sets-new-single-day-reco...

Posted by NatsukoMishima > 2021-06-24 14:35 | Report Abuse

Now is daily 10 sens drop , next week is 20 sens ,next next week is 30 sens , it will drop more n more daily until pre pandemic level that wanted by bankers !

Posted by AdCool > 2021-06-24 15:12 | Report Abuse

3.80 was the TP and now they are having extra discount for collection. Just be patient.