Posted by Begineer > 2021-11-17 11:24 | Report Abuse

RM2 is super attractive

Posted by casanwk > 2021-11-17 11:26 | Report Abuse

Park 196

Posted by Ryan83 > 2021-11-17 11:31 | Report Abuse

No US and Canada import ban like Supermax also drop less than RM2 really very disappointing

Posted by somo1 > 2021-11-17 11:36 | Report Abuse

It can be next... Who knows?

Posted by Start_0f_the_bull > 2021-11-17 14:07 | Report Abuse

Wait at 1.50.

Posted by casanwk > 2021-11-17 14:36 | Report Abuse

Lai lai lai

Posted by tamp0i > 2021-11-17 14:40 | Report Abuse

Should be PN17 soon liao... Runn.... RM0.80, kekeke

Posted by jolynce > 2021-11-17 14:41 | Report Abuse

Bought back today at 1.99.

Posted by jolynce > Nov 12, 2021 2:18 PM | Report Abuse X

You're talking to me? That's why I said Hindsight is 20/20. Sorry if you couldn't understand that part. I did sell all my Kossan shares on ex-date at 2.29 because I believed it could drop more based on how other glove stocks were performing. However I do agree with you in stagger buying and selling.

Posted by tamp0i > Nov 12, 2021 10:16 AM | Report Abuse

You're God can predict? Buy in stages is the way to win...

Posted by casanwk > 2021-11-17 14:43 | Report Abuse

Support 202
High probability?

Posted by casanwk > 2021-11-17 14:55 | Report Abuse

Buy 204

Posted by Orang_Melaka > 2021-11-17 15:23 | Report Abuse

Tech stocks(eg Inari, Frontkn, etc) why no drop unlike gloves? Tech stocks profit 2X, 3X more?

Posted by Orang_Melaka > 2021-11-17 15:25 | Report Abuse

RSS by i3 members behind drop never tell? PRN Melaka BN must lose haha.

Posted by Orang_Melaka > 2021-11-17 15:27 | Report Abuse

Inari >RM 4 bec profit RM 1 billion is it?

Posted by Orang_Melaka > 2021-11-17 15:29 | Report Abuse

BN must go like GE14. Lose even more.

Posted by Orang_Melaka > 2021-11-17 15:31 | Report Abuse

Gloves drop so short? Covid-19 why >6K cases back?

Posted by Orang_Melaka > 2021-11-17 15:32 | Report Abuse

Covid-19 is it 2K only can shorties answer?

Posted by casanwk > 2021-11-17 15:33 | Report Abuse

Today tp 214
Hopefully !

Posted by Orang_Melaka > 2021-11-17 15:34 | Report Abuse

Muhyiddin even not voted better as PM than Ismail Sabri.

Posted by casanwk > 2021-11-17 15:46 | Report Abuse

Gogogo

Posted by Orang_Melaka > 2021-11-17 15:57 | Report Abuse

RSS ban cannot BN also cannot vote on 20th Nov.

Posted by Orang_Melaka > 2021-11-17 16:00 | Report Abuse

>RM 6 in Nov '20 to RM 2 is sudah mari tipulah haha.

casanwk Gogogo
17/11/2021 3:46 PM

Posted by Orang_Melaka > 2021-11-17 16:01 | Report Abuse

Covid'19 in 2021 is still worse than 2020 why not gloves share price up? BN mesti kalah.

Posted by casanwk > 2021-11-17 16:04 | Report Abuse

Gap up!
Very good sign

Posted by casanwk > 2021-11-17 16:07 | Report Abuse

Supermax & topglove goes up
Another good sign

Posted by casanwk > 2021-11-17 16:24 | Report Abuse

Gap up again?

Posted by tamp0i > 2021-11-17 16:34 | Report Abuse

Don't worry... It's proven, today up. Tomorrow down.. and continue to down for 3 months... Hahaha. Nontheless I am waiting and queued 1.80 all the way to 0.50

Posted by casanwk > 2021-11-17 16:48 | Report Abuse

Price stuck with fib trader
They selling at 60fib retr
Take profit first
Continue tomorrow !
For a few kfc variety box b

Posted by Keyman188 > 2021-11-17 20:22 | Report Abuse

Amboi...as Keyman188 promised earlier...

Keyman188 punched in again @ 2.01 today...



wkwkwk...kekeke...hehehe...

Posted by 8888_ > 2021-11-18 09:18 | Report Abuse

17-Nov-2021 Insider MR LIM KUANG WANG (a substantial shareholder) acquired 100,000 shares on 15-Nov-2021.

Posted by stingray_ea > 2021-11-18 11:28 | Report Abuse

bear in control stage

Posted by mf > 2021-11-18 21:39 | Report Abuse

Record high cases, more rules and partial lockdowns: A new Covid wave engulfs Europe
PUBLISHED THU, NOV 18 20214:42 AM EST

Posted by mf > 2021-11-19 03:43 | Report Abuse

LONDON — The delta subvariant recently identified in the U.K. is now twice as prevalent in England as it was two months ago, a government-backed study has found.

Posted by Sneakpeek > 2021-11-19 09:36 | Report Abuse

Why glover like to post gloomy news?

Posted by Ryan83 > 2021-11-19 10:40 | Report Abuse

Unbelievable Kossan share price drops below latest JP Morgan target price RM2

Posted by Condom004 > 2021-11-19 17:47 | Report Abuse

Really PU nyamuk this stock

Posted by Catchthewave > 2021-11-19 18:40 | Report Abuse

JPM rated for rm2, it goes below rm2 now. How much further it will drop? Guess the glove counters are all connected, unless some exotic story like US ban recently happened to Supermax.

Posted by LeslieGoh > 2021-11-20 13:20 | Report Abuse

https://uk.investing.com/news/economy/market-wrap-ftse-eur-oil-fall-as-rising-covid-cases-brings-more-eu-restrictions-2516471

Posted by LeslieGoh > 2021-11-20 13:21 | Report Abuse

Euro new restrictions come back again, next week must buy glove stocks...

Posted by jolynce > 2021-11-20 15:55 | Report Abuse

I believe Kossan is near its bottom, if not already at its bottom. Just my personal opinion.

Posted by tamp0i > 2021-11-22 10:24 | Report Abuse

Dropped below 2018 level... How can resist... Swallow lah, like I said swallow all the way to 0.50 PN17

Posted by assthrow > 2021-11-22 12:53 | Report Abuse

Macquarie Equities Research (MQ Research) initiates coverage on the Malaysia gloves sector, with a view that the glove manufacturers have production cost advantages over its China peers and any newer entrants. Although average selling price uncertainty lingers, valuations have turned attractive with all three glove makers trading at EV/share below pre-pandemic levels.

MQ Research names Kossan as its top pick within the sector. Read on for MQ Research’s order of preference and target prices in an excerpt of the report dated 19 November 2021. Also, check out the associated Macquarie warrants over the glove names below.


Negatives are priced in

Incoming China glove supply threatens Malaysian manufacturers’ market share. However, MQ Research believes these negatives are priced in as share prices have now fallen 70-75% from pandemic highs. MQ Research believes large-cap Malaysia glove makers have a 25-35% production-cost advantage over China peers. MQ Research initiates on Malaysia’s glove manufacturers as valuations turn attractive despite average selling prices (ASP) in flux. All three glove makers in MQ Research’s coverage are trading at an enterprise value per share (EV/share) below pre-pandemic levels. If shares decline a further 10-15% - which MQ Research believes to be the absolute bottom – MQ Research sees an attractive entry point. ASPs are quickly declining (currently US$35-40 vs. mid-21 US$85-90 per ‘000 pieces), and MQ Research’s top pick Kossan’s differentiated product mix shields it from potential global oversupply. Kossan is trading at a steep discount to peers (post-pandemic PER discount to TopG/Hartalega of ~15%/ 50%) and at about half their pre-pandemic EV/share.


Production cost advantage over China/new entrants

China: MQ Research estimates that China glove manufacturers currently have 25-35% higher production costs vs. large-scale Malaysia manufacturers due to higher fuel and labour costs. If global oversupply occurs, and prices continue to decline, MQ Research believes Malaysian large-scale manufacturers will be the last to turn unprofitable. However, MQ Research expects China producers to continue to add capacity until costs normalise despite downward pressure on margins.

New entrants: MQ Research expects newer entrants in glove manufacturing to quickly become unprofitable as ASPs dive below production cost. Newer glove producers have an estimated production cost of US$35-40 per ‘000 pieces (vs. existing players of US$20-23). MQ Research believes newer players will either abandon expansion plans or exit the industry altogether.


Post-pandemic supply-demand outlook

Frost & Sullivan expects disposable glove demand to deliver a 15.9% volume compounded annual growth rate (CAGR) post-pandemic (2019-2025F) vs. 8.2% pre-pandemic due to increased hygiene awareness. MQ Research forecasts China producers to account for 24% of global supply post-pandemic (2023E) vs. 10% pre-pandemic (2019). MQ Research expects long-term ASPs to settle at US$24-26 per ‘000 vs. street estimates of US$25-30 on increased price pressure from China manufacturers. This is structurally higher than pre-pandemic prices of US$20-22 due to higher social compliance costs.


Valuations are now compelling; Kossan is MQ Research’s top pick

MQ Research uses a price-earnings ratio (PER) methodology to value glove manufacturers, applying MQ Research’s target multiples to post-pandemic FY23E/24E earnings per share (EPS) – years when MQ Research expects ASPs to stabilise. MQ Research’s multiples of 15x-21x represent between a -1.0SD to -0.25SD discount to pre-pandemic sector/company historical averages. Post-pandemic ASP uncertainty and labour practice issues linger. MQ Research’s order of preference is Kossan (OP) > Hartalega (OP) > Top Gloves (N).


12-month target price methodology


TOPG MK: RM2.60 based on a PER methodology
HART MK: RM6.30 based on a PER methodology
KRI MK: RM2.70 based on a PER methodology

Posted by Condom004 > 2021-11-23 15:42 | Report Abuse

Hoot nine E

Posted by I_like_dividend > 2021-11-25 09:24 | Report Abuse

EPF sell to MacQ?

Posted by I_like_dividend > 2021-11-25 09:35 | Report Abuse

World Covid-19 rising why EPF sell gloves low?

Posted by planta > 2021-11-25 10:37 | Report Abuse

Epf need cash for icitra. Has been selling like crazy in tenaga also. Good bargain now

Posted by WaterBlower > 2021-11-25 14:23 | Report Abuse

Give up on gloves stocks....reality is cruel, eventhough it is a very profitable business/company, but they want gloves stock to die means it has to die. They want it to go down further it will go down no matter how you think logically that it shouldn't have happened this way.

After the trend over and expecting it to bounce back? It will not happened. See back the historical chart many years back when SARS it jumped, dived....and stay stagnant. Now the situation will only happen again where when it drops to the bottom, it will remain stagnant there until next so called virus or deadly pandemic happen again.

Posted by mf > 2021-11-25 14:25 | Report Abuse

World Health Organization says more than 60% of the world's cases and deaths were in Europe over the last week
It warns against a "false sense of security" created by vaccines and stresses the need to be cautious

Posted by joectm > 2021-11-25 15:21 | Report Abuse

third wave, Asia ...fourth wave, Europe..

Posted by Catchthewave > 2021-11-25 20:21 | Report Abuse

EPF keeps selling all glove counters to fulfil withdraw requests from ppl.
Do not know what happen when these ppl really reach retirement age, then start to ask money again from garmen?

Posted by onward > 2021-11-25 20:31 | Report Abuse

I'm on board at RM2.00. Will start accumulate some glove counter for long term.