KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.48

Today's Change

+0.01 (0.40%)

Day's Change

2.45 - 2.49

Trading Volume

4,975,200


19 people like this.

16,212 comment(s). Last comment by xiaoeh 1 day ago

Posted by HK_Wealth_Management > 2022-07-21 10:54 | Report Abuse

I suggest all of you re-finance house loan or making margin to buy and hold at least 3-6 month from now on

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-21 14:57 | Report Abuse

Play so big? Haha ha...... Better don't play play in share market.... You get eaten up also don't know what is going on...

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-21 16:09 | Report Abuse

I saw a lot hospital using Kossan glove ....KPJ , Sunway etc.... Kossan dominate Malaysia Market

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-22 08:23 | Report Abuse

Hope next week QR shows some good recovery signs. Popi Popi

Investoz88

545 posts

Posted by Investoz88 > 2022-07-22 09:35 | Report Abuse

Boss bought and bought.. taking company private and keep cash??

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-22 10:11 | Report Abuse

Boss said ...you all this Stxpid ......RM 8,7,6,5,4,3,2 keep buying my company stock....now keep selling......boss think why this world got so much stXXpid investor ...lolololol

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-22 10:12 | Report Abuse

QR August not next week ...haiyo

EverettLee

364 posts

Posted by EverettLee > 2022-07-22 20:44 | Report Abuse

Seems like Big Boss made the right choice for buying back the share continuously lately

Investoz88

545 posts

Posted by Investoz88 > 2022-07-23 12:37 | Report Abuse

If big Boss makes an offer to take company private.. what is a fair price to sell him?
It can happen if cash pile is so huge and still making profits every qtr...

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-24 09:36 | Report Abuse

WHO declares monkeypox a global emergency, sounding the health agency’s highest alarm

​‘The global monkeypox outbreak represents a public health emergency of international concern,’ said WHO chief Tedros Adhanom Ghebreyesus
Monkeypox has affected more than 16,800 people in 74 countries, according to a tally by the US Centres for Disease Control and Prevention

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2022-07-25 09:22 | Report Abuse

Investoz88 any price below NTA if most of its asset is cash. If the share price = net cash position, then almost equal free to him to make it privatise.

Posted by NatsukoMishima > 2022-07-25 15:46 | Report Abuse

WHO declared monkey pox as global health issue also can not create momentum for glove stocks , this time even tiny hope also gone for glove stocks to rebound strongly , yet many qr losses will continue hit more lower share price , really hopeless for high level stubborn people !

Posted by NatsukoMishima > 2022-07-25 15:48 | Report Abuse

Kossan will drop to 80 sens next year !

Investoz88

545 posts

Posted by Investoz88 > 2022-07-25 16:58 | Report Abuse

Results to be out soon.. Boss show card soon!
Ready everyone.

EverettLee

364 posts

Posted by EverettLee > 2022-07-25 19:12 | Report Abuse

Price movement affected by Monkey Pox but it's only short-term effect I think...

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2022-07-26 09:59 | Report Abuse

Reversal coming up

Goldberg

2,916 posts

Posted by Goldberg > 2022-07-26 11:26 | Report Abuse

Kossan is sitting on a cash pile of RM2.55bn (comprising of RM1.68bn cash + RM878m money market investments).

While normal dividends will still be paid out (dividend policy of 30%, paid biannually) management does not intend to declare special dividends with the available cash, but will retain the cash for reinvestment and future expansion.

The Group will be focusing on full automation to reduce its reliance on general workers, while at the same time pursuing full digitalization to drive sustainability in its business.

Kossan is a diversified rubber products manufacturer as opposed to the other big 3.

Kossan's other segments are Technical rubber products and clean room gloves for the electronics industry.

BTW NTA per share is RM1.61

(Just to present some facts on Kossan.)

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-26 15:44 | Report Abuse

Will see the dividend yield first... If much better than FD... Can keep for long term.

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-26 18:21 | Report Abuse

QR out.... Still dropping..

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-26 18:57 | Report Abuse

Expected , after this quarter U shape rebound...... good new is control the cost of sale very well

gohkimhock

3,128 posts

Posted by gohkimhock > 2022-07-26 19:09 | Report Abuse

worse than pre-covid..

SinGor

4,939 posts

Posted by SinGor > 2022-07-26 19:10 | Report Abuse

Monkey Pox is transmitted by Touch Not by Air. Nobody wear Glove on Street so far. Already Got vaccine.
Non-Lethal transmission just keep victim inside House, so Ugly

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-26 19:55 | Report Abuse

Must worst than pandemic ...if not how to kill all small companies...i think this round more small glove companies eliminated...

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-26 19:55 | Report Abuse

Just done reading the report. Not in the red is not bad. Hold tight tight first.

EverettLee

364 posts

Posted by EverettLee > 2022-07-26 21:20 | Report Abuse

Not too bad. Revenue just dropped 14% compared to last quarter. Keep monitoring ba

Y2016

165 posts

Posted by Y2016 > 2022-07-26 22:27 | Report Abuse

below 1.20 soon

Posted by DoggieInvestor > 2022-07-26 23:38 | Report Abuse

it's all Top Gloves' fault to build up the massive new capacity to crush glove prices......heard it will take 8 years for the market to absorb all the oversupply today. GOD BLESS YOU !

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-27 01:22 | Report Abuse

8 years? hello you think bank will borrow money for you to making glove loss money company? ..hahaha careplus ady gone la....just look at their director keep selling the shares..... only big 4 survive ....another one is riverston.....

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-27 01:22 | Report Abuse

Profit Margin Harta No1 ....Kossan No 2 now......supermx and topglove no eye see..

Mini2021

1,478 posts

Posted by Mini2021 > 2022-07-27 01:23 | Report Abuse

Kossan this quarter net profit higher than Topglove and Supermx combination lol...

mf

29,216 posts

Posted by mf > 2022-07-27 03:26 | Report Abuse

Dow Jones

Dow Jones Industrial Average

31,766.81

-223.23

0.69%

Nasdaq

NASDAQ Composite

11,557.37

-225.28

1.91%

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-27 07:17 | Report Abuse

Strong BS only can survive and recover faster. Kossan is the best bet among the 4.... No worry.

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-27 10:55 | Report Abuse

Read the report properly, especially cash flow section, you will find the answer.

rl68

180 posts

Posted by rl68 > 2022-07-27 11:53 | Report Abuse

@sharefisher,any specific reasons you say that Kossan is the best among the four?

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-27 17:17 | Report Abuse

Strong BS..

ocpd

762 posts

Posted by ocpd > 2022-07-27 20:40 | Report Abuse

@JJPTR some cash has been invested into short term bonds to generate better yields. Also some been used as dividends and taxes.

EverettLee

364 posts

Posted by EverettLee > 2022-07-27 21:57 | Report Abuse

Yup. It's still a good net cash company. Let's how the management will make good use of the money...

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-28 18:05 | Report Abuse

Tomorrow try to q 1.25 one batch and 1.20 one batch... See how low panic sellers want to sell.

EverettLee

364 posts

Posted by EverettLee > 2022-07-28 19:27 | Report Abuse

I think Big Boss will buy again at RM1.25 ba...

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 09:30 | Report Abuse

Selling pressure not strong enough to reach 1.25......come on seller..... Try harder.

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 09:59 | Report Abuse

Yes.... Come on seller..... 1.25.... Clear it.... Haha ha

Investoz88

545 posts

Posted by Investoz88 > 2022-07-29 10:03 | Report Abuse

Tokyo's new COVID-19 cases hit a record high of 40,406 on Thursday, surpassing 40,000 for the first time, with health experts urging "maximum vigilance" as the country continues to struggle with its seventh wave of infections.

Japan reported 233,100 daily coronavirus cases the same day, hitting a new record for the second consecutive day, raising concern about the strain on the medical system as the number of available designated hospital beds continues to decline.

The daily figure in the capital was up by about 8,500 from a week before, and comes after daily COVID-19 cases hit a record high of 209,694 on Wednesday.

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 10:33 | Report Abuse

Seller come on... Give me 1.25.... Come on... Haha ha

Posted by NatsukoMishima > 2022-07-29 11:14 | Report Abuse

No more dividen , EPF slowly dump , will below rm 1 soon !

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 13:00 | Report Abuse

Soon below 1? Sure or not?1.20 also difficult to get. Have to try 1.25....

Posted by NatsukoMishima > 2022-07-29 13:27 | Report Abuse

Water tariff also hike , will it impact average cost ??

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 13:38 | Report Abuse

Wow..... water bill up also affected share price....... Haha ha

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-07-29 16:53 | Report Abuse

Haha ha.. 1.25 last minute got it.

EverettLee

364 posts

Posted by EverettLee > 2022-07-29 19:10 | Report Abuse

Nice. I guess big boss will also buy back some at RM1.25 ba

yfchong

5,883 posts

Posted by yfchong > 2022-07-30 07:19 | Report Abuse

wow!. EPf reduce holdings.. so lets wait until the dust settle

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