Posted by CharlesT > 2022-02-18 09:39 | Report Abuse

Philip ( buy what you understand) Then why is kossan 4 billion and harta still 17 billion?

>>>>>>>>

Sslee Kossan EPS 8.57 cents compare to Harta EPS 7.58 cents
Harta more room to drop.
17/02/2022 10:25 PM
18/02/2022 9:29 AM

Dont worry lah the day will come for Harta

Posted by bang_miskin > 2022-02-18 10:20 | Report Abuse

@Ryan83, true, which is why we expect Supermax performance to be worse than Harta/Kossan. Since the CBP ban supermax price suffer the greatest drop, already well below many analyst target price. Should recover some of those losses once bans are lifted.

Posted by Sslee > 2022-02-18 10:26 | Report Abuse

@CharlesT since Philip like to collect Harta so I will start to collect some Kossan.

Posted by observatory > 2022-02-18 13:33 | Report Abuse

Based on reports I read, analysts mentioned 4Q volume grew 13% to 18% as compared to 3Q due to low base effects. Does anyone read about actual sales quantity or utilization?

My own estimate is about 66% utilization. It's higher than Harta 52% in 4Q.

Posted by EatCoconutCanWin > 2022-02-18 14:41 | Report Abuse

gonglan epf.. buy high sell low

Posted by jolynce > 2022-02-18 16:47 | Report Abuse

Kossan's QR has suppassed expectations, which explains the price movement today. Plus dividend of 0.12cts is super duper attractive!

Posted by ket4212 > 2022-02-18 17:09 | Report Abuse

buy buy buy

Posted by CharlesT > 2022-02-18 17:10 | Report Abuse

Div 12 cents, price closed 5 cents higher.....very strong....

Posted by tonypang01 > 2022-02-18 22:11 | Report Abuse

@Observatory, what yr view on Harta Vs Kossan? both cash rich but kossan EPS r better than Harta for this Q and yet Harta share price is x2.8Kossan, what your opinion?

Posted by observatory > 2022-02-19 00:11 | Report Abuse

@tonypang01, I already responded to your similar question in Harta forum.

Posted by ocpd > 2022-02-19 05:22 | Report Abuse

Share price don’t matter, it is market cap. Harta market cap is about 4x of kossan genius.

Posted by pjseow > 2022-02-19 09:23 | Report Abuse

Based on the article from.Nanyang press which quoted rhb report, the utilization is 80 % . This is very high compared with Harta and Topglove. Kossan is very resilient in the current oversupply situation. If at 80 % utilization, the blended ASP work out to about US 35 per 1000.
https://www.klsescreener.com/v2/news/view/952439

Posted by observatory > 2022-02-19 11:44 | Report Abuse

@pjseow, thanks for the info. 80% is very high indeed

80% utilization implies (32/4 billion pieces) * 0.8 = 6.4 billion pieces. With some simplified assumptions, revenue RM925m / 6.4b = RM145 per 1,000 of blended ASP, or about USD35 as you've pointed out.

Based on my record, during 3Q21 Maybank estimated blended ASP USD66-70 per 1,000. Given that 4Q ASP declines 35% to 40% QoQ, the 4Q ASP should have been higher at 68 * (1 - 0.4) = USD41, which contradicts our calculation.

One reason could be due to large difference between production (which affects utilization) and shipment (which affects revenue).

There is another possibility. RHB report says "Currently, Kossan’s utilization rate is at 80%." it may mean utilization as of Feb 2022 is at 80%. However the average 4Q utilization could be much lower (and ASP higher).

Either way, it's good to know they operated/ is now operating at a normal level.

Posted by pjseow > 2022-02-19 15:01 | Report Abuse

Obsevatory, you could be right .

Posted by pjseow > 2022-02-19 21:41 | Report Abuse

Observatory, With the last QR inventory valued at 423 millions valued at 35 to 40 % lower ASP than the preceeding QR inventory valued at 408 million with higher ASP , it means the the inventory volumes in.last QR were much higher than preeding QR. The RHB report did mention that they had container shortage problem also. It means some of the shipments were withheld as finished goods inventory due to container shortage. The inventory as a percentage of revenue is 15 % higher than preceeding qtr. Hence I believe the Utilization may be just slightly lower than 80 % and the ASP for last qtr could be between USD 35 to 41.

Posted by observatory > 2022-02-19 22:18 | Report Abuse

@pjseow, yes, part of the inventory is FG not shipped due to shipping disruption. However the inventory is valued at cost. The changing ASP does not affect the inventory value.

Posted by newbie5354_ > 2022-02-20 06:45 | Report Abuse

Sifus how about Q1 2022 earnings? Is it lower than Q4 21? By how much?

Posted by newbie5354_ > 2022-02-20 06:49 | Report Abuse

Covid-19 surge lately in M'sia. Will it cause gloves demand to increase?

Posted by GlovesOff > 2022-02-20 07:20 | Report Abuse

Haha pjseow switched to Nossan ??? Whole portfolio only gloves

Posted by GlovesOff > 2022-02-20 07:21 | Report Abuse

Or promote supermx here ?? Don't jinx the lovely nossan holders here leh

Posted by GlovesOff > 2022-02-20 07:28 | Report Abuse

@observatory sifuuu, what are your views of supermx ??? Hehehe

Posted by 8888_ > 2022-02-20 09:49 | Report Abuse

28825-new record Covid-19 cases.

Posted by EatCoconutCanWin > 2022-02-21 09:40 | Report Abuse

EPF really no money to goreng liao meh.. really knn

Posted by derickuan > 2022-02-21 10:58 | Report Abuse

18th Feb's announcement on the renewal of share buyback authority. Looks like they have intention to do it. With the cash they have, it's not a surprise then.

Posted by Brutus > 2022-02-21 14:13 | Report Abuse

@derickuan, the announcement is nothing new. Prior to their AGM this mandate needed to be tabled out for shareholders to vote. Not necessary mean the management will do a share buyback.

Posted by derickuan > 2022-02-21 15:14 | Report Abuse

@Brutus, Thanks for the clarification. I just mean that they can do it if they intend to. Yeah agree they not necessary will do it.

Posted by 8888_ > 2022-02-21 20:58 | Report Abuse

Maybe only <1.6 they will do SBB?

Posted by 8888_ > 2022-02-21 20:59 | Report Abuse

12 sen coming dividend already 6.9% DY at 1.74 better than 2021 EPF dividend? Better withdraw EPF $ to buy more?

Posted by Sami_Value > 2022-02-23 17:19 | Report Abuse

the capital losses may not be able to be offset by the dividend, not a smart move.

just let all of them sink further until it cannot sink any further only come back.

Posted by NatsukoMishima > 2022-02-23 21:29 | Report Abuse

K+ already started net loss , do u think spmx , tg ,kossan , harta very far from net loss ???

Posted by 8888_ > 2022-02-24 09:37 | Report Abuse

Careplus even QR loss so Kossan the best among gloves? Kossan gloves order at rivals expense?

Posted by 8888_ > 2022-02-24 09:46 | Report Abuse

31199 is another new record Covid-19 cases in M'sia so Covid-19 getting worse not better, so gloves ASP will rise back later?

Posted by 4dking777 > 2022-02-24 11:25 | Report Abuse

Next quarter another good run... Hopefully everything will be awesome.

Posted by Mini2021 > 2022-02-24 18:04 | Report Abuse

Precovid RM 2 , after Covid RM 1.67 ....wakakakakakaka

Posted by Mini2021 > 2022-02-24 18:05 | Report Abuse

NatsukoMishima; Careplus ady losss , do you think spmx kossan harta and topglove will still produce gloves? my answer is no...I heard their all production line closed down....soon world no more people supply gloves...

Posted by 8888_ > 2022-02-24 21:54 | Report Abuse

24-Feb-2022 Insider THE ESTATE OF LATE LIM KWAN HWA (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider THE ESTATE OF LATE LIM KWAN HWA (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider MR LIM KUANG WANG (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider MR LIM KUANG WANG (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider MR LIM KUANG WANG (a substantial shareholder) acquired 100,000 shares on 22-Feb-2022.
24-Feb-2022 Insider MR LIM KUANG YONG (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider MR LIM KUANG YONG (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider MR LIM LENG BUNG (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider MR LIM LENG BUNG (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider TAN SRI DATO' LIM KUANG SIA (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider TAN SRI DATO' LIM KUANG SIA (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider KOSSAN HOLDINGS (M) SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider KOSSAN HOLDINGS (M) SDN BHD (a substantial shareholder) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider MR LIM LENG BUNG (a company director) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider MR LIM LENG BUNG (a company director) acquired 1,000,000 shares on 22-Feb-2022.
24-Feb-2022 Insider TAN SRI DATO' LIM KUANG SIA (a company director) acquired 1,000,000 shares on 23-Feb-2022.
24-Feb-2022 Insider TAN SRI DATO' LIM KUANG SIA (a company director) acquired 1,000,000 shares on 22-Feb-2022.

Posted by Mini2021 > 2022-02-24 22:29 | Report Abuse

TAN SRI DATO' LIM KUANG SIA: Why so many soxxxai in Malaysia bought my stock at RM 7 and sold at RM 1.7 ...hahahahahaha

Posted by Benny1123 > 2022-02-25 13:56 | Report Abuse

War starting, they need more glove.. Haha.

Posted by ket4212 > 2022-02-25 16:46 | Report Abuse

close green better than topglov

Posted by NatsukoMishima > 2022-02-26 09:06 | Report Abuse

Welcome to dnex ,dont hesitate ,rm 4 - 6 in 2022 !

Posted by NatsukoMishima > 2022-02-27 10:32 | Report Abuse

Pfizer oral pill coming to malaysia next week !

Posted by Mini2021 > 2022-02-28 21:14 | Report Abuse

Aiyo Boss bought another 2,000,000 units..... Shorties faster short

Posted by value8888 > 2022-03-01 15:35 | Report Abuse

Boss bought = good. + wait

Posted by ket4212 > 2022-03-01 16:46 | Report Abuse

tp2.00

Posted by ket4212 > 2022-03-02 16:58 | Report Abuse

1.82 close green good job

Posted by Why_ > 2022-03-02 17:14 | Report Abuse

Up after EPF declare 6.1% dividend for 2021 bec Kossan coming 12 sen dividend more so EPF buy back?

Posted by Loh Kok Wai W > 2022-03-05 20:01 | Report Abuse

Glove counter........call sell...........

Posted by I_like_dividend > 2022-03-09 15:05 | Report Abuse

Big 4 gloves QR Kossan the best. Buy more like directors.

Posted by bang_miskin > 2022-03-09 15:14 | Report Abuse

Agree. Kossan is doing decent despite current squeeze on profit margin. Of the Top 4, Kossan was able to keep price relatively stable.

Posted by I_like_dividend > 2022-03-09 15:15 | Report Abuse

1.70 big block buy q is Lim family?