KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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2.21

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+0.01 (0.45%)

Day's Change

2.18 - 2.27

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4,608,200


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15,751 comment(s). Last comment by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ 4 hours ago

Posted by MorningGlory123 > 2021-12-21 13:11 | Report Abuse

Fauci: Omicron ‘raging through the world’ and travel increases Covid risks

The Omicron variant of Covid-19 has “extraordinary spreading capabilities”, the top US infectious diseases expert said on Sunday, and promises to bring a bleak winter as it continues “raging through the world”.


*https://www.theguardian.com/world/2021/dec/19/us-covid-fauci-omicron-variant-raging-travel-risks

Posted by NatsukoMishima > 2021-12-21 13:43 | Report Abuse

(奥斯汀21日讯)美国得克萨斯州哈里斯县当地时间周一通报首宗与新冠病毒变种毒株Omicron相关的死亡病例

Posted by NatsukoMishima > 2021-12-21 16:02 | Report Abuse

If tg = rm 0.80 , smx = 0.64 , harta = rm 2.xx , kossan = rm 1 whole bursa kaki rush to buy until system hang !

When ang moh cnbc sell call u must buy !

Posted by NatsukoMishima > 2021-12-21 16:08 | Report Abuse

https://www.orientaldaily.com.my/news/international/2021/12/21/457301?source=lead

This article important for glove stock

Ukga

44 posts

Posted by Ukga > 2021-12-21 20:10 | Report Abuse

Bosses of Kossan are acquiring their own shares in big volumes in Dec. They seem to be very confident. Very good sign. ATB.

Posted by GroundZeroIV > 2021-12-21 20:56 | Report Abuse

first omicron death in the US after how many weeks? FYI, theres around 50k deaths per year because of flu in the US. Are you gonna celebrate as well?

Posted by GroundZeroIV > 2021-12-21 21:04 | Report Abuse

keep posting news about omicron spreading fast for what?

Its pretty certain that omicron is a lot less virulent than delta. There's a strong possibility that omicron will suppress the much deadlier delta, because in south africa, around 98%-99% percent of the covid are already omicron. Without vaccines made specifically for omicron, the admission reduced and death number dropped despite higher number being infected.

Posted by GroundZeroIV > 2021-12-21 21:05 | Report Abuse

if you are from science background or have strong interest in science, I suggest you to watch this video.

https://www.youtube.com/watch?v=YdVymGK3OzM

Posted by NatsukoMishima > 2021-12-22 08:09 | Report Abuse

KUALA LUMPUR (Dec 21): The public are advised to protect themselves and stay safe as they begin cleaning up after the flood to prevent an outbreak of infectious diseases.

Health director general, Tan Sri Dr Noor Hisham Abdullah, said in a Facebook post on Tuesday that aside from the possibility of more Covid-19 cases, the Ministry of Health is also bracing for a rise in flood-related infections.

Hence, he shared some infographics with health and safety tips, including the use of personal protective equipment like rubber boots and gloves to clean up the mud and dirt left behind to prevent water and food-borne infections like leptospirosis or melioidosis.

Posted by MorningGlory123 > 2021-12-22 10:25 | Report Abuse

Omicron is spreading at an alarming rate, and there’s no solid evidence it’s ‘milder’

Epidemics of rapidly transmitting viruses are not kind to overstretched healthcare systems


https://www.theguardian.com/commentisfree/2021/dec/21/omicron-spreading-milder-virus

Posted by NatsukoMishima > 2021-12-22 10:46 | Report Abuse

Due to western countries feedom cultural n attitude , i think the pandemic wont end forever n people need to jab more n more vaccines ,unless western countries willing to put down their prides n learnt from China how to cut the virus chain !

alenac

2,618 posts

Posted by alenac > 2021-12-22 13:14 | Report Abuse

Not so.

The study said antibody levels from breakthrough cases were 1,000% more effective than those seen two weeks after the second dose of the Pfizer COVID-19 vaccine.

“You can’t get a better immune response than this,” said senior author Fikadu Tafesse, an assistant professor of molecular microbiology and immunology in the OHSU School of Medicine, in a statement. “These vaccines are very effective against severe disease. Our study suggests that individuals who are vaccinated and then exposed to a breakthrough infection have super immunity.”
Dr. Marcel Curlin, associate professor of medicine (infectious diseases) in the OHSU School of Medicine, said this is likely the endgame for COVID-19.

“I think this speaks to an eventual endgame,” Curlin said. “It doesn’t mean we’re at the end of the pandemic, but it points to where we’re likely to land: Once you’re vaccinated and then exposed to the virus, you’re probably going to be reasonably well-protected from future variants. Our study implies that the long-term outcome is going to be a tapering-off of the severity of the worldwide epidemic.”
There have been reports about how super immunity could stop the next COVID-19 variant from really taking hold of the population, as I wrote for the Deseret News. Multiple research projects have suggested that there are people who have “an extraordinarily powerful immune response,” according to NPR

These people — who were infected with COVID-19 and got the vaccine — have enough antibodies “capable of fighting off the coronavirus variants circulating in the world but also likely effective against variants that may emerge in the future,” according to NPR.
The omicron variant is the latest coronavirus variant to spread rapidly through the world. In fact, it has only started to circulate around the United States, becoming the most dominant variant in the U.S. already, according to The Associated Press.

https://www.deseret.com/coronavirus/2021/12/21/22848453/fully-vaccinated-people-omicron-variant-super-immunity

NatsukoMishima Due to western countries feedom cultural n attitude , i think the pandemic wont end forever n people need to jab more n more vaccines ,unless western countries willing to put down their prides n learnt from China how to cut the virus chain !
22/12/2021 10:46 AM

Posted by MorningGlory123 > 2021-12-22 14:15 | Report Abuse

South Korea reports new record number of Covid patients in critical condition

South Korea has reported a new record of seriously ill Covid-19 patients, according to Korea Disease Control Agency (KDCA) data from Tuesday.

As of 12 a.m. local time Wednesday, 1,063 Covid-19 patients are in critical condition, with 84% of them age 60 and above, KDCA said.


https://edition.cnn.com/world/live-news/omicron-variant-coronavirus-news-12-21-21-intl/index.html

Posted by MorningGlory123 > 2021-12-22 15:25 | Report Abuse

Covid Omicron: European nations reinstate restrictions

European leaders are reinstating coronavirus restrictions as the new Omicron variant continues to spread through the continent.


https://www.bbc.com/news/world-europe-59747689

Posted by NatsukoMishima > 2021-12-22 17:17 | Report Abuse

@accure no one talks about US cases surpassing 300k new cases ?

______________
USA must learn from China how to cut the virus chain otherwise pandemic never ending until dooms day , last time we thought with 2 doses vaccines can settled everything back to normal but now look like over expectations already !

Posted by NatsukoMishima > 2021-12-22 17:24 | Report Abuse

@alenac Not so.

The study said antibody levels from breakthrough cases were 1,000% more effective than those seen two weeks after the second dose of the Pfizer COVID-19 vaccine.

________
Who volunteer expose yourself to omiron n spread to your surrounding people see can ending the pandemic or not ?? Better ask the scientists expose themselves first to omicron , crazy theory !

Posted by GroundZeroIV > 2021-12-23 07:13 | Report Abuse

Omicron is already dominant in south africa, the UK and the US. They are wiping out delta. Its good news for the world but unfortunately bad news for glove lovers.

hospital admissions and death numbers are dropping in South Africa and the UK.
for those glove fanatics that celebrate omicron is spreading fast, careful what you wish for.
LOL

https://www.youtube.com/watch?v=GDhIL9o3vHg

Posted by GroundZeroIV > 2021-12-23 07:16 | Report Abuse

its not about the positive numbers anymore. The number is pointless if it hardly causes hospitalizations and deaths. In fact, fast omicron spreads will help human beings to build immunity to resist stronger variants like delta. Bye bye glove. lol

Posted by GroundZeroIV > 2021-12-23 07:18 | Report Abuse

Omicron wave appears milder, but concern remains

https://www.bbc.com/news/health-59758784

Posted by GroundZeroIV > 2021-12-23 07:18 | Report Abuse

Omicron is milder than Delta, leaked UK government study finds

https://nypost.com/2021/12/22/omicron-is-milder-than-delta-uk-study-finds/

Posted by GroundZeroIV > 2021-12-23 07:20 | Report Abuse

scientists already aware of omicron being much milder than delta since weeks ago. But all you s0r hai still wanna believe in politicians. good luck, doofus

Posted by NatsukoMishima > 2021-12-23 08:51 | Report Abuse

World Health Organization officials on Wednesday criticized blanket Covid-19 vaccine booster programs as poor countries struggle to obtain initial doses, warning that the unequal access to immunizations could lead to more mutated variants that drag out the crisis.

Posted by NatsukoMishima > 2021-12-23 13:32 | Report Abuse

Xi’an, a city of 13 million people in central China, entered lockdown on Thursday as authorities rushed to control a flare-up of more than 140 cases in less than two weeks.
The city is also dealing with an undisclosed number of hemorrhagic fever cases — a high mortality disease transmitted by rodents.

Citadel123

352 posts

Posted by Citadel123 > 2021-12-23 13:34 | Report Abuse

so??

Posted by NatsukoMishima > 2021-12-23 14:44 | Report Abuse

(伦敦23日讯)英国受新冠变种病毒Omicron影响,疫情持续延烧,当地时间周三(22日)新增新冠肺炎确诊病例达10万6122宗。这是自新冠疫情暴发以及引入广泛检测以来,英国单日新增新冠病例首次超过10万宗。周三的纪录比上周五的当时最高纪录9万3045宗多出1万3000多宗。

Posted by NatsukoMishima > 2021-12-23 15:06 | Report Abuse

(华盛顿23日讯)新冠肺炎变种病毒Omicron正在美国快速传播,该毒株自首次在美国出现22天后,已传播至全美50个州。根据美国约翰霍普金斯大学的数据,美国日增确诊病例已经连续3天超过20万例。有分析称,美国Omicron病例将在1月底达到大规模感染浪潮的顶峰。

中新网报导,截至美东时间周三下午4时21分(大马时间周四早上5时21分),美国累计确诊达5148万5742例,累计死亡81万1598例。

两项数据与24小时前相比,新增确诊24万5250例,新增死亡2269例。此外,这是美国日增确诊连续第3天超过20万例。

Posted by NatsukoMishima > 2021-12-24 11:04 | Report Abuse

No blood bath ?? Tahan very strong !

Posted by NatsukoMishima > 2021-12-24 14:57 | Report Abuse

根据中央社报导,法国卫生部资料显示,该国于当地时间周四(23日)新增约8万8000起新冠肺炎(COVID-19)确诊病例,创下疫情开始以来的最高纪录,同时死亡人数也在攀升。

路透社报导,法国卫生部长告诉记者:“今天的数据不妙。”

卫生部资料也显示,法国过去24小时又有179名染疫患者在医院中过世;加护病房中的COVID-19病患来到3208人,比前一天增加61人。

Posted by NatsukoMishima > 2021-12-24 15:03 | Report Abuse

【新冠肺炎】Omicron肆虐英国 单日确诊近12万例再创纪录
根据中央社报导,在Omicron变异株的助长下,英国于当地时间周四(23日)通报的新冠肺炎(COVID-19)单日确诊案例数再创纪录新高,过去24小时内新增约11万9789起确诊病例。

法新社报导,英国22日通报新增10万6122起COVID-19病例,是第一次超过10万例。英国是欧洲疫情最严重的国家之一,染疫病故人数达14万7720人。

国家统计局(Office for National Statistics)估算,在12月16日截止的当周,英国家庭中近140万人有COVID-19,是2020年初疫情开始以来的最高数字。

Posted by NatsukoMishima > 2021-12-24 16:02 | Report Abuse

@davidkkw79 Holland !
美国即日起禁大马5企业产品进口

美国海关和边境保护局(CBP)即日起对大马5个企业实体实施产品进口禁令。

https://www.enanyang.my/node/450086

__________________________

Bro , this news already expired ! Nobody care already , people care about us , uk , europe overwhelmed hospitalisation !

Undi_PKR

936 posts

Posted by Undi_PKR > 2021-12-27 12:24 | Report Abuse

QR very cantik cannot enter CI bec wrong govn in power?

Posted by Metaverse222 > 2021-12-27 15:09 | Report Abuse

Malaysian Glove Makers Face Challenge From China, Hartalega Says

China could emerge as a major force in the global rubber gloves market and threaten the dominance of Malaysian companies in the long term, said Kuan Mun Leong, CEO of Hartalega Holdings Bhd., one of Malaysia’s biggest glove producers.

Chinese glove makers are expected to contribute 23% of the total share of the world’s glove supply by 2022 from an estimated 16% currently based on their announced capacity expansion plans, the Hartalega CEO said on Tuesday. Malaysia’s market share is expected to shrink to 60% by 2022 from 67% currently, he added.

The Chinese companies have been meeting rising demand from the U.S and Europe amid production disruptions caused by a flare-up of the coronavirus pandemic in Malaysia, the world’s largest rubber glove supplier.

“Like it or not, China is now a force to reckon and is a competition we should recognize,” Kuan said in a virtual briefing after the company’s annual shareholders meeting. “I don’t see Malaysia will lose leadership position in the near-and-medium term,” the CEO said, adding he’s unsure if the country can keep its dominance in the long term.

Hartalega is currently operating only at 70% of its capacity utilizing 60% of its workforce, he said. Operating at full capacity would require the company to test all its 9,000 workers for Covid-19 every two weeks, which Kuan described as a major disruption.

Posted by Metaverse222 > 2021-12-27 15:44 | Report Abuse

Malaysia’s glove sector outlook: Not the time yet for bottom fishing

WITH average selling prices (ASPs) having yet to find a bottom, the time may not yet be ripe to bottom fish glove stocks.

Further expecting interest in COVID-19 related stocks such as gloves to wane as the global vaccination rate rises has prompted Maybank IB Research to downgrade the outlook of the glove sector to “negative” (from “neutral” previously).

“We believe strong balance sheets and low operating costs are important factors that will allow glove makers to weather through the downturn and provide some financial cushion to the imminent price war,” opined analyst Wong Wei Sum in a glove sector update.

“Fortunately, the glove makers under our coverage i.e. Top Glove Corp Bhd (RM2.05 bil), Hartalega Holdings Bhd (RM3.08 bil) and Kossan Rubber Industries Bhd (RM1.64 bil) have accumulated sizeable amounts of cash during the peak cycle and are now in net cash positions.”

In Maybank IB Research’s view, the industry’s ASP which is declining fast could hit pre-COVID levels by mid-2022, ie another -42% from current level of about US$40/1,000 glove pieces in September.

“With the stiff competition from China, we believe the Malaysian glove sector is experiencing a structural change and the oversupply situation could potentially extend longer than the typical downcycle of six to nine months,” the research house pointed out.

However, Maybank IB Research expects the strong balance sheet to be able to self-fund the glove maker’s expansion capacity for the next few years.

“Our concern would be with new entrants that rushed into the glove sector during the peak cycle in end 2020,” noted the research house.

“In order to get their factories ready within very short period, we understand that these new entrants paid premium pricing for their plants, installation works, machineries, raw materials and even staffs; hence, high operating costs, making them less competitive in pricing.”

Company-wise, Maybank IB Research has downgraded Hartalega and and Kossan to “sell” (from “hold” previously) with lower target prices of RM3.99 (from RM6.74 previously) and RM1.86 (from RM3.16 previously) respectively. At the same time, it maintained its “sell” call on Top Glove with an unchanged target price of RM1.68.

ahbah

6,064 posts

Posted by ahbah > 2021-12-27 15:48 | Report Abuse

No bottom fishing bcos no touch bottom yet ?

Posted by Metaverse222 > 2021-12-27 16:15 | Report Abuse

Glove ASPs to continue decline in 1H 2022, says HLIB Research

KUALA LUMPUR: The average selling price (ASP) of gloves is expected to continue declining in the first half of 2022, albeit at a slower rate of 5 per cent month-on-month (MoM), compared to 10 per cent MoM previously.

Hong Leong Investment Bank Bhd (HLIB Research) said glove prices had fallen closer to pre-Covid levels, with the current ASP being US$25-35 per thousand pieces compared to the pre-pandemic ASP of US$21 per thousand pieces.

"We also note that the pricing difference between the US market and European Union (EU) market is also narrowing, at US$5 the difference now, as opposed to a US$10 gap earlier.

"In our view, glove prices are likely to reach pre-Covid levels by the second half (Q2) of 2022," the bank-backed research firm said in a note today.

Glove ASPs have been on a downtrend since mid-2021, following a mass rollout of vaccination programmes in major glove consuming countries, as the better vaccination coverage has greatly alleviated buyers' urgency to stock up on gloves.

The spike in glove demand previously has resulted in nitrile butadiene rubber (NBR) latex prices to more than double to a high of US$2.40 per kg in early-2021 but has since tapered off, in tandem with the weaker glove demand.

NBR latex prices are expected to reach pre-Covid levels of US$1.10 per kg in early-2022, as glove demand continues to normalise, and additional supply capacity kicks in.

Natural rubber (NR) latex prices, however, are expected to stay elevated in 1H 2022, given the La Nina phenomenon expected in January 2022, followed by wintering period that typically lasts from February to May.

HLIB noted that with ASPs declining faster than raw material price, coupled with higher operating costs stemming from better social compliance practices and

stricter standard operating procedures (SOP), margins for the glove makers are expected to compress further.

Not to mention that the impending price war arising from Chinese glove makers attempting to win market share could also exacerbate the situation further.

"Nevertheless, we are comforted by the fact that the glove makers under our coverage have accumulated a large war chest during the upcycle, and the strong balance sheet should help the glove producers to better weather through this difficult time," the research firm said.

Further, HLIB Research said amidst the falling ASPs, glove buyers have refrained from stocking up on gloves to avoid locking in purchases at high prices.

"However, with glove prices slowly approaching pre-Covid levels, we think that restocking activities could gradually resume in 1H 2022.

"That said, we expect utilisation rate for the glove producers to remain below pre-Covid levels of 80-85 per cent in 1H 2022, due to overall softening in demand," the firm noted.

HLIB Research maintains a Neutral call for the sector as the current headwinds faced by the glove makers are unlikely to dissipate in the near future.

"We expect the operating environment for glove makers to remain challenging in 1H 2022.

"However, a strong cash position should help the glove makers to navigate through these challenging times and withstand any impending price wars that might come their way," the research firm said.

Posted by GroundZeroIV > 2021-12-27 17:50 | Report Abuse

omicron is displacing delta fast all over the world.
omicron spread much faster, have shorter incubation period, but much harder to infect lungs and patients take lesser time to recover.
so the omicron wave will be more compressed.
there may be a bit of surge of hospitalizations during its peak but it will be short-lived.
herd immunity will be formed quickly by natural infections due to its high transmissibility
covid is becoming flu-like.
bad news for glove industry

ks5S

4,601 posts

Posted by ks5S > 2021-12-27 23:12 | Report Abuse

Time to buy kossan.

planta

269 posts

Posted by planta > 2021-12-28 18:43 | Report Abuse

Green for 4 days already.

skcm2017

569 posts

Posted by skcm2017 > 2021-12-29 08:40 | Report Abuse

Covid 19 World Cases:
+694,005 (- 2 Days)
+773,704 (- 1 Day)
+1,198,772 (Now-Today) - Mark on 1mil per-day, record breaking since Wuhan 1st day Covid

planta

269 posts

Posted by planta > 2021-12-29 14:12 | Report Abuse

Omicron coming. Thai starting to wfh again next week!
Attention will come back to glove stocks!

https://www.nst.com.my/world/world/2021/12/758632/thai-officials-work-home-precaution-against-omicron

Posted by MorningGlory123 > 2021-12-29 14:21 | Report Abuse

WHO says Omicron risk ‘very high’; Europe faces COVID surge: Live

France, UK, Italy, Greece, and Portugal all hit record daily infections, with France reporting almost 180,000 cases.

The risk posed by the Omicron variant is still “very high”, the World Health Organization (WHO) said on Wednesday, after COVID-19 case numbers shot up by 11 percent globally last week.

https://www.aljazeera.com/news/2021/12/29/omicron-drives-record-daily-covid-cases-across-europe-live

Posted by MorningGlory123 > 2021-12-29 14:33 | Report Abuse

Covid News: U.S. Daily Record for Cases Is Broken

The seven-day average of U.S. cases topped 267,000 on Tuesday, with Washington, D.C., Maryland and Virginia particularly hard hit. The C.D.C. lowered its estimate of Omicron’s prevalence in the U.S.


https://www.nytimes.com/live/2021/12/28/world/omicron-covid-vaccine-tests

skcm2017

569 posts

Posted by skcm2017 > 2021-12-29 20:26 | Report Abuse

Nearly 130,000 Covid Cases In UK, 53% Rise In London Hospital Admissions, where they are up week-on-week

https://www.ndtv.com/world-news/uk-covid-uk-coronavirus-uk-covid-cases-omicron-in-uk-uk-coronavirus-news-nearly-130-000-covid-cases-in-uk-53-rise-in-london-hospital-admissions-2677064

skcm2017

569 posts

Posted by skcm2017 > 2021-12-29 20:29 | Report Abuse

Update: Covid News: U.S. Daily Record for Cases Is Broken +312,939 cases on 28/12/2021

>>>>>>>>>>>>>>>>>>>>>>>>..<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
MorningGlory123 Covid News: U.S. Daily Record for Cases Is Broken

The seven-day average of U.S. cases topped 267,000 on Tuesday, with Washington, D.C., Maryland and Virginia particularly hard hit. The C.D.C. lowered its estimate of Omicron’s prevalence in the U.S.

skcm2017

569 posts

Posted by skcm2017 > 2021-12-30 08:40 | Report Abuse

Covid 19 World Cases:
+784,730 (- 2 Days)
+1,298,420 (- 1 Day)
+1,589,538 (Now-Today) - wow...records again..

Posted by MorningGlory123 > 2021-12-30 08:58 | Report Abuse

Coronavirus digest: Global cases surge due to omicron

Much of Europe, the US and even Australia are logging record COVID caseloads as the omicron variant spreads. The WHO has warned that the variant still posed a "very high" risk.


https://www.dw.com/en/coronavirus-digest-global-cases-surge-due-to-omicron/a-60284262

Posted by MorningGlory123 > 2021-12-30 10:26 | Report Abuse

UK COVID cases soar to new daily record of 183,037

France, Italy and Greece also reported record daily highs as WHO warned of COVID ‘tsunami’.

The risk posed by the Omicron variant is still “very high”, the World Health Organization (WHO) has said, after COVID-19 case numbers shot up by 11 percent globally last week.


https://www.aljazeera.com/news/2021/12/29/omicron-drives-record-daily-covid-cases-across-europe-live

Posted by MorningGlory123 > 2021-12-30 14:05 | Report Abuse

Omicron will soon replace Delta as dominant global Covid variant: Experts

Experts in Singapore, where 170 new Omicron cases were reported on Wednesday, have warned that the new and supposedly more contagious variant is likely to replace Delta over the coming weeks to months



https://www.business-standard.com/article/current-affairs/omicron-will-soon-replace-delta-as-dominant-global-covid-variant-experts-121123000146_1.html

Posted by PriorityFF88 > 2021-12-30 15:08 | Report Abuse

Kossan is Top choice among peers

newway

107 posts

Posted by newway > 2021-12-30 18:16 | Report Abuse

If you are considering buying Kossan stock, the following excerpt of 3q 2021 Result Report from Kossan Management may be instructive.

"...As we move into the 4th quarter of 2021, with the on-going vaccinations and higher vaccination rates recorded in the developed and developing countries, Covid-19 cases categorised as severe have declined. As such, the demand for gloves has eased with ASP’s also declining on a gradual basis.

However, even with these external factors, the Group expects the results for the Gloves division for the 4th quarter of the year to be within expectations

and for the overall full year 2021 to be satisfactory. The Group has always had an internal focus and is prepared for the post-pandemic period with a focus on operating efficiency, manufacturing excellence, research & development and innovation. Post-pandemic, the demand for gloves will continue to undergo structural growth as a result of increased healthcare standards and hygiene awareness in both the medical and non-medical sector.."

Kossan Management expects 4q 2021 result to be within expectations. In Management parlance, that means the Management is expecting good results

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