Posted by Endgame > 2023-01-28 13:15 | Report Abuse

Breaking news: Kossan will explore to acquire new growing business with the existing strong cash flow which obtain during the Covid19 pandemic to improve the revenue pipeline and bottom line result

Posted by stockraider > 2023-01-29 11:55 | Report Abuse

Do not be silly loh!

U can sell Bjcorp later at above Rm 1.00, why go for peanuts leh ?

Posted by Fat_tat > 4 days ago | Report Abuse

BJ Corp 25 sen collected so far how much? Almost 8%? Why Kossan cannot sell for profit?

Posted by Sharefisher > 2023-01-31 11:08 | Report Abuse

Collected another batch.

Posted by DestinyL > 2023-02-03 12:02 | Report Abuse

Up 3.7% while the rest gain lesser, any news?

Posted by Wealthy99 > 2023-02-06 20:04 | Report Abuse

The biggest mistake ever made by Kossan boss is to acquire BJcorp. This is shark met "Sharkest"

Posted by DestinyL > 2023-02-06 21:46 | Report Abuse

Maybe, but the boss used his own money, not Kossan's money

Posted by 5354_ > 2023-02-07 14:38 | Report Abuse

25 sen BJ Corp bought already gain why complain?

Posted by 5354_ > 2023-02-07 14:38 | Report Abuse

Big 4 gloves only Kossan profitable? Why cheaper than Harta?

Posted by Sharefisher > 2023-02-08 11:02 | Report Abuse

Steady.... Just hope got dividend as rewards for holding kossan. No 2 no sell. Haha ha

Posted by MrAction > 2023-02-10 16:10 | Report Abuse

Kossan coming back, steady lads

Posted by bang_miskin > 2023-02-10 16:16 | Report Abuse

Waiting for next QR. If still green, baguslah!

Posted by Endgame > 2023-02-13 10:48 | Report Abuse

Breaking news: KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) is pessimistic over Kossan Rubber Industries Bhd's' near-term prospects, plagued by soft average selling prices (ASPs), low utilisation rate and cost pressures.

HLIB trimmed its earnings forecast for Kossan for financial years 2022 (FY22), FY23 and FY24 to RM179.3 million, -RM29.4 million and RM150.9 million.

The forecasts were made as HLIB lowered its utilisation rate assumption, tweaked cost assumptions and recalibrated its ringgit against the US dollar assumption to be in line with house view.

"Glove ASPs have continued to remain soft, following normalising demand post-pandemic and glove buyers are still paring down on existing stockpiles.

"We gather that the Chinese nitrile glove players have slashed prices to US$13.50 per thousand pieces to continue defending market share, while Kossan's nitrile gloves are priced at US$16 presently.

"With idle capacity available, Kossan also took the opportunity to decommission two to three older manufacturing plants that are less efficient, and to only focus on newer and faster lines in order to improve cost efficiency," it said.

HLIB noted that the total supply in the market would be further reduced as some of the smaller-scale, local glove makers had either halted operations or entirely exited the market.

Nevertheless, it viewed that ASPs would remain depressed in the coming quarters as the demand-supply imbalance would take time to dissipate.

It added that plagued by the minimum wage revision and foreign labour shortage previously, Kossan's labour costs had remained elevated.

"The situation will be further aggravated moving into FY23, as we are expecting fuel costs and electricity costs to increase as well.

"Judging from the difficult operating conditions, we think the increase in costs will continue to exert downward pressure on Kossan's earnings, as it is rather unlikely for Kossan to raise its ASPs significantly to pass on the additional costs," it said.

Kossan expansion plans will also be put on the back burner, as the low utilisation rate of 50 per cent is sufficient to cater for existing orders.

Its cash pile accumulated during the upcycle will be crucial to help Kossan weather through the down-cycle, said HLIB.

HLIB maintained a "Hold" call on the stock with a lower target price of RM1.

Posted by bang_miskin > 2023-02-13 13:05 | Report Abuse

Aiya quarterly report haven't come out already churn out TP?
Based on current trend, next QR is most likely red, but I do like a green surprise!

Posted by Endgame > 2023-02-14 11:37 | Report Abuse

Breaking news: Local institutions investment funds expected the upcoming Kossan QR will see a bigger loss compared with previous quarters. Advised strong sell with target price 0.70.

Posted by vic_amat87 > 2023-02-15 19:53 | Report Abuse

What bigger loss? Prev profit. Lol. 70cents easily take private. Their cash can buy all shares at 1.4

Posted by Sharefisher > 2023-02-16 11:20 | Report Abuse

QR profitable? Good dividend? Haha ha... Strong buy... Info leaked... Haha ha...

Posted by kimpeng > 2023-02-16 18:57 | Report Abuse

dividend dividend dividend

Posted by pang72 > 2023-02-16 19:11 | Report Abuse

QR negative still pay dividend

Posted by pang72 > 2023-02-16 19:12 | Report Abuse

So, you jump in because 2.5c dividend then it drop from 1.13 to 90c..
You gain what?

Posted by pang72 > 2023-02-16 19:12 | Report Abuse

This glove counters shld not do this to lure newbies..

Posted by pang72 > 2023-02-16 19:14 | Report Abuse

The best guess is the boss wanna cash out via dividend to buy more BJLAND for?

Posted by vic_amat87 > 2023-02-16 19:14 | Report Abuse

Dont talk bullshit. Only know how to see gain/loss. Pity

Posted by Sharefisher > 2023-02-16 19:24 | Report Abuse

Haha ha.. Reward for holding long term...... You see can drop to 90 cent or not. Ha ha.....

Posted by Sharefisher > 2023-02-16 19:43 | Report Abuse

Best of the four gloves..... For sure.

Posted by vic_amat87 > 2023-02-16 19:49 | Report Abuse

Surely not drop below rm1. Most resilient among top 4

Posted by DestinyL > 2023-02-16 22:03 | Report Abuse

I'm impressed by their cost control again
Long term loans only left 6m+ from last quarter 16m
Short term loans also reduced from 110m to 65m
Cash on hand dropped only 12m, while their money market investment gave us shareholders additional value of 35m!

Posted by DestinyL > 2023-02-16 22:08 | Report Abuse

Net net you could say cash actually increased by 23m while they keep repaying big proportions of their loans!

Posted by DestinyL > 2023-02-16 22:10 | Report Abuse

Next quarter though, will be more challenging than this quarter, if the market doesn't improve

Posted by Why_ > 2023-02-16 22:43 | Report Abuse

BJ Corp purchase QR not mention? Hide profit but announce loss so that directors can buy cheap?

Posted by DestinyL > 2023-02-16 23:38 | Report Abuse

OMG... noobs are back

Posted by I_like_dividend > 2023-02-17 03:43 | Report Abuse

2.5 sen dividend announced is so-called "interim dividend". Is it there will be another final dividend?

Posted by Sharefisher > 2023-02-17 07:38 | Report Abuse

Depending on your entry point... Those collect around 1 sure happy.... Others are bleeding, kossan still holding on well. No 2 no sell.... Haha ha

Posted by Wai Keong > 2023-02-17 09:06 | Report Abuse

glove lost 22m, cash used up 1.3B in just 3 months. ?????????

Posted by Sharefisher > 2023-02-17 09:09 | Report Abuse

Wai keong, you need to learn to read cash flow statement.

Posted by Chipee > 2023-02-17 09:23 | Report Abuse

Natural gas price dropping. Hopefully, Q1 2023, will see profit. Still holding.

Posted by I_like_dividend > 2023-02-17 09:23 | Report Abuse

Harta bigger loss RM 1.6 can not Kossan really not fair.

Posted by bang_miskin > 2023-02-17 09:28 | Report Abuse

Wow, given current circumstances, Kossan is really managing quite well. Kossan is slowly becoming my favourite glove counter. Below RM1 is a sure buy for me.

Posted by Chipee > 2023-02-17 09:30 | Report Abuse

Yup, below Rm1, Kossan is a buy for me.

Posted by I_like_dividend > 2023-02-17 09:32 | Report Abuse

,<RM 1 better look for Supermax and Topglove haha.

Posted by Chipee > 2023-02-17 09:33 | Report Abuse

Topglove fixed cost to high being too big for it own good.
Supermax investing in US is bad move.

Posted by Sharefisher > 2023-02-17 09:41 | Report Abuse

Conservative company will do well in tough time, that is why I only collect kossan. No 2 no sell... Haha ha..

Posted by TATA > 2023-02-17 10:00 | Report Abuse

Go deeper…. Still waiting@0.70 to catch…… hehe

Posted by DestinyL > 2023-02-17 10:12 | Report Abuse

Around 1.05 already strong buying, still wait below 1?

Posted by Chipee > 2023-02-17 10:40 | Report Abuse

Lowest was 0.95, and that was bcoz EPF was dumping.
Unless another big holder dump, price is hard to fall below RM1.

Posted by TATA > 2023-02-17 11:29 | Report Abuse

In queue now, waiting durian drop…..

Posted by bang_miskin > 2023-02-17 11:33 | Report Abuse

Agree that one can buy @1.05. If below RM1 just tutup mata n beli. If durian runtuh @0.70, I sailang all in this counter and come back 5 years later.

Posted by I_like_dividend > 2023-02-17 11:50 | Report Abuse

Haters pls go to Harta promote it down haha.

Posted by Endgame > 2023-02-17 12:19 | Report Abuse

Still give dividend, no bad

Posted by ks5S > 2023-02-17 12:47 | Report Abuse

Kossan result not align with other. Something fishy

Posted by DestinyL > 2023-02-17 12:53 | Report Abuse

Technical rubber and clean room revenues are the differentiating segments