KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.15

Today's Change

+0.05 (2.38%)

Day's Change

2.10 - 2.16

Trading Volume

7,241,900


18 people like this.

15,740 comment(s). Last comment by KimSua 2 hours ago

yfchong

5,743 posts

Posted by yfchong > 2022-07-31 13:55 | Report Abuse

Bro kossan tomorrow epf will ditch you?

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-01 08:34 | Report Abuse

Q 1.20 today... Hope can get it...... Popi Popi....

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-01 15:42 | Report Abuse

Looks no chance to get 1.20...

EverettLee

346 posts

Posted by EverettLee > 2022-08-01 19:27 | Report Abuse

Yup. Shows strong support at RM1.25 alrdy... Let's see if can get it RM1.20 this Friday...

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-02 09:32 | Report Abuse

Asking for 1.20, market give 1.30 pula.... Haha ha..

Mini2021

1,389 posts

Posted by Mini2021 > 2022-08-02 20:26 | Report Abuse

CHINA US WAR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! CHINA GLOVE GGGGGGGGGGG MALAYSIA GLOVE WINNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Mini2021

1,389 posts

Posted by Mini2021 > 2022-08-03 14:55 | Report Abuse

US start WAR with CHINA .....CHINA will not sell glove to US ......CHINA GLOVE GG..... MALAYSIA GLOVE UP UP UP ....

EverettLee

346 posts

Posted by EverettLee > 2022-08-03 22:26 | Report Abuse

Hm...Skew to the high probability to acquire it at RM1.20

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-04 11:24 | Report Abuse

Difficult to get 1.20...

EverettLee

346 posts

Posted by EverettLee > 2022-08-04 16:22 | Report Abuse

Yup. Let's see tomorrow got chance or not as most traders take profit on Friday...

Y2016

165 posts

Posted by Y2016 > 2022-08-04 22:49 | Report Abuse

EPF start buying back more Kossan shares

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-05 10:31 | Report Abuse

Yes..... Go go go..... Kossan....

EverettLee

346 posts

Posted by EverettLee > 2022-08-05 10:49 | Report Abuse

Seems like hard to collect some at cheaper price alrdy. Starts moving up

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-05 16:33 | Report Abuse

U turn pula.... Haha ha...

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2022-08-05 16:56 | Report Abuse

harta result coming out soon, are you ready to collect more cheaper gloves?

Investoz88

545 posts

Posted by Investoz88 > 2022-08-08 10:27 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.

MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand...

EverettLee

346 posts

Posted by EverettLee > 2022-08-08 18:42 | Report Abuse

Seems like EPF hold strong confidence in Kossan. Good sign

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-09 09:08 | Report Abuse

Epf is big leg trader nowadays. No more like old time.

yfchong

5,743 posts

Posted by yfchong > 2022-08-09 09:10 | Report Abuse

Lets seehow ut goes

EverettLee

346 posts

Posted by EverettLee > 2022-08-09 09:26 | Report Abuse

Agreed. It becomes more leg trader after they allowed people to have special withdrawal from EPF money

$$ BUYSELL $$

1,711 posts

Posted by $$ BUYSELL $$ > 2022-08-09 09:39 | Report Abuse

target 1.57

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-09 09:41 | Report Abuse

I hold tight tight until 2.00....

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-09 09:51 | Report Abuse

Wau lau... Big volume of cross trade yesterday, today again.... Looks like big leg sellers got a lot of more want to sell... I think only finish changing hands can move up.

yfchong

5,743 posts

Posted by yfchong > 2022-08-09 13:09 | Report Abuse

Just queue lor. Can't catch catch lar

Windy1974

725 posts

Posted by Windy1974 > 2022-08-10 09:29 | Report Abuse

1.25 is important to hold at closing. Closing below 1.25 spells more trouble. If your losses less than 15% you can consider cut loss, otherwise there is no point to cut loss now

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-10 09:49 | Report Abuse

I q one more batch at 1.25 to support a bit....

EverettLee

346 posts

Posted by EverettLee > 2022-08-10 11:01 | Report Abuse

Yup. Average opportunity comes again.

CharlesT

14,577 posts

Posted by CharlesT > 2022-08-10 11:04 | Report Abuse

Never ending down averaging opportunity since End 2020

Never ending cash reserve to do so

I really salute all the long term investors of glove co

chkhooju

1,706 posts

Posted by chkhooju > 2022-08-10 11:27 | Report Abuse

In stocks, NEVER AVERAGE! You can lose your pants. It's either you cut loss or leave it alone. Don't do anything.

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-10 14:36 | Report Abuse

Likely, forced selling is going on. .. Good for collection....

Posted by NatsukoMishima > 2022-08-10 21:19 | Report Abuse

KUALA LUMPUR: Hartalega Holdings Bhd bercadang untuk menghentikan operasi satu lagi kilang pembuatan di Bestari Jaya bagi menjimatkan kos.

MIDF Research dalam satu nota penyelidikan berkata, rancangan untuk menghentikan Kilang 3 Bestari Jaya yang mempunyai lapan barisan pengeluaran dan menghasilkan 3.3 bilion unit sarung tangan setahun itu adalah bagi meningkatkan keberkesanan kos.

Ia berkata, Hartalega sebelum ini telah menghentikan Kilang 2 Bestari Jaya bagi tujuan penjimatan kos berikutan jumlah pekerjanya yang ramai.

"Kilang 2 mempunyai lima barisan pengeluaran dan menghasilkan 1.2 bilion sarung tangan setiap tahun," katanya.

MIDF Research berkata, di sebalik rancangan penutupan itu, Hartalega ketika ini juga sedang menyiapkan pembinaan pengembangan empat kilang pembuatan di bawah NGC 1.5 di Sepang.

Katanya, pengurusan Hartalega menekankan bahawa pentauliahan kilang akan dibuat secara berperingkat, tetapi masanya akan bergantung kepada dinamik penawaran dan permintaan dalam pasaran.

"Berdasarkan NGC 1.5 (Sepang), kilang pengeluaran itu akan meningkatkan kapasiti tahunan sebanyak 19 bilion sarung tangan.

"Penyahtauliahan kilang pembuatan dijangka akan mengimbangi pentauliahan pengembangan dua kilang di bawah projek NGC 1.5, yang menghasilkan jumlah kapasiti yang sama," katanya.

Keuntungan bersih Hartalega merosot 96.1 peratus kepada RM88.28 juta pada suku pertama berakhir 30 Jun 2022, daripada RM2.26 bilion dalam tempoh yang sama tahun lepas berikutan peningkatan kos tenaga dan buruh yang disebabkan oleh kenaikan tarif gas asli dan pelaksanaan gaji minimum.

Perolehan turun 78.3 peratus kepada RM845.67 juta berbanding RM3.90 bilion sebelumnya.

Perolehan yang lebih rendah itu terutamanya disebabkan oleh purata harga jualan (ASP) yang kembali normal dan kemerosotan jumlah jualan sebanyak 28 peratus, berbanding suku pertama tahun kewangan 2022 apabila kedua-dua ASP dan permintaan jualan mencatatkan paras tertinggi ketika tempoh pandemik.

Ketua Pegawai Eksekutif Hartalega, Kuan Mun Leong, berkata kesan ASP dan permintaan yang kembali normal dipaparkan dalam keputusan suku pertama syarikat yang turut terkesan dengan persekitaran kos operasi yang lebih tinggi dan peningkatan tekanan inflasi disebabkan oleh kenaikan tarif elektrik dan gas asli, serta dasar gaji minimum baharu yang dilaksanakan pada Mei 2022.

"Di samping itu, persaingan semakin sengit di pasaran berikutan keadaan bekalan berlebihan dalam sektor sarung tangan global," katanya.

Close shops 1 by 1 coming !

Posted by NatsukoMishima > 2022-08-10 21:36 | Report Abuse

https://www.klsescreener.com/v2/news/view/1029307

OMG , perfect storm coming to malaysia glove sector again

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 09:09 | Report Abuse

Relax lah...... Collect another batch at 1.20.....

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 09:19 | Report Abuse

Buy good company at bad time.......and wait for good time..... Can't be wrong. I don't mind to wait.

EverettLee

346 posts

Posted by EverettLee > 2022-08-11 10:46 | Report Abuse

Yup. Lelong price comes again.

Posted by NatsukoMishima > 2022-08-11 13:57 | Report Abuse

Never never buy in dip for glove stocks , just look at KAREX u will agree with me ! It will no rebound forever once the frenzy mania has past ! Karex plummet also caused by China Condomn challenge !

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 15:59 | Report Abuse

No worry..... I can wait. Haha ha..

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 16:11 | Report Abuse

Last two years, people chasing like mad dogs...... Now close to 2016 low... People scare to buy..... Haha ha.... Funny....

Posted by investmalaysia618 > 2022-08-11 17:05 | Report Abuse

because the high can go higher and low can go lower. this is trading

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 17:08 | Report Abuse

I started to collect around 1.3.....relax lah....

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 17:09 | Report Abuse

Plan to hold 2 to 3 years... Lagi relax lah.

yfchong

5,743 posts

Posted by yfchong > 2022-08-11 17:42 | Report Abuse

Epf disposed kossan like no tomorrow

Posted by Derrickooo > 2022-08-11 19:22 | Report Abuse

If epf no sell how can you get chipper ticket , lol

Posted by Investmalaysiaa > 2022-08-11 19:31 | Report Abuse

Cheaper ticket? Lol. Been hearing since RM5. Cheap gets cheaper

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 20:00 | Report Abuse

Get cheaper, collect lagi..... Collect now is better than collect at 5.....haha ha ha... See the difference bo?

Posted by NatsukoMishima > 2022-08-11 21:00 | Report Abuse

7x sens coming !

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 21:14 | Report Abuse

Ha ha ha... Lagi siok collect if 7x cents.... Haha

Posted by Investmalaysiaa > 2022-08-11 21:23 | Report Abuse

70 cents can become 7 cents also. Look at BAT, Sapura

Sharefisher

5,470 posts

Posted by Sharefisher > 2022-08-11 21:31 | Report Abuse

Haha ha... 7 cents...... Go to study the BS of kossan first before talk cock... Haha ha

Posted by Derrickooo > 2022-08-11 21:47 | Report Abuse

You want 10sen also can, just wait

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