Posted by NatsukoMishima > 2023-04-28 13:24 | Report Abuse

if intco also losa 99m , then i think harta atleast 3xx million , Tg 500 million , spx 3xx million ! This is a kill game , at the end both china n malaysia die together with every year net loss widened , continue your dream back to 2020 , 10th round cut vege feast , enjoy all tards !

Posted by Chipee > 2023-04-28 13:28 | Report Abuse

Natsuko must had got burnt bad losing money in glove stocks .... hahaha

Posted by pang72 > 2023-04-28 13:56 | Report Abuse

Why no up for QR in red?
Wayang habis..?
Fake news price in?

Posted by DestinyL > 2023-04-28 14:05 | Report Abuse

Kossan has lesser issued shares in market of around 2.5b while Harta has around 3.4b
Harta PB valuation is higher, but Kossan could try to play catch up in PB with solid management

Giving higher dividend blindly only benefit shareholders 1 time, preserving capital for the long run gives shareholders multi-year benefit moving forward

Posted by churrosnight > 2023-04-28 14:07 | Report Abuse

Thank you Kossan, time to jump to harta

Posted by Chipee > 2023-04-28 15:16 | Report Abuse

DestinyL ... True. I agree. If Kossan can capitalize their 2 billion cash to automate their production and reduce labour workers would be good.

“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,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Posted by Endgame > 2023-04-28 16:01 | Report Abuse

Breaking news: Foreign fund buy in Kossan in favor of turnaround in next half year, strong cash flow and preferred glove suppliers in global presense.

Posted by Endgame > 2023-04-28 17:17 | Report Abuse

Breaking news: Foreign fund's optimistic with Kossan the remaining QR performance as Kossan is preferred supplier in term of quality. Kossan never compete in low price segment like Topglove. With current price depressed, analysts commented the foreign fund took opportunities for accumulation.

Posted by EatCoconutCanWin > 2023-04-28 17:37 | Report Abuse

Below 50c, I will buy

Posted by Chipee > 2023-04-28 18:12 | Report Abuse

Endgame: Where u got this news? U invent yourself is it? Show link la...

Posted by ocpd > 2023-04-28 18:34 | Report Abuse

Kossan should move all their rm2 bil cash to money market fund rather than just rm700 mil. Then interest income will be good enough lol

Posted by DestinyL > 2023-05-02 11:12 | Report Abuse

Next even to watch for - Harta QR, whether will be boom or bust

Posted by Endgame > 2023-05-02 11:42 | Report Abuse

Breaking news: Local investment fund calling strong sell with target price 0.85 based on weak ASP and business loss in 2023

Posted by Penang_lang > 2023-05-05 09:44 | Report Abuse

OPR increase should be good for cash rich Kossan.

Posted by Endgame > 2023-05-05 16:57 | Report Abuse

Breaking news: Foreign funds continue acquired more Kossan shares today from the open market

Posted by DestinyL > 2023-05-05 22:17 | Report Abuse

https://www.cnbc.com/2023/05/05/who-declares-end-to-covid-global-public-health-emergency.html

Posted by Chipee > 2023-05-08 11:21 | Report Abuse

Below 1.10 .. I'm stocking up.

Posted by StartOfTheBull > 2023-05-09 15:19 | Report Abuse

Gloves gloves gloves. Crazy!

Posted by Chipee > 2023-05-09 16:11 | Report Abuse

Aiyah ... miss the boat.

Posted by Endgame > 2023-05-09 16:16 | Report Abuse

See my breaking news then won't miss

Posted by StartOfTheBull > 2023-05-09 16:50 | Report Abuse

As before, Kossan always slow to catch up with the rest.

Posted by bang_miskin > 2023-05-09 16:52 | Report Abuse

^12 percent price increase today is not bad lah.

Posted by Chipee > 2023-05-09 17:18 | Report Abuse

Endgame : It's ok. I was already in at average 1.05 way back when EPF was dumping. I'm good.

Posted by Chipee > 2023-05-09 17:19 | Report Abuse

StartoftheBull: Yeah .. I don't why Kossan is so hated when it is the most well managed.

Posted by StartOfTheBull > 2023-05-09 17:24 | Report Abuse

Price with slower response to move up but it is still ok.

Posted by Chipee > 2023-05-10 15:35 | Report Abuse

Harta is profitable at 41.2m without the loss of decommissioning their Bestari Jaya plants. I think gloves has turned the corner to profitability.

Posted by Siow Looi > 2023-05-11 10:57 | Report Abuse

4% FD rate on the cash on balance sheet can easily cover the future losses

Posted by SonniaFang > 2023-05-11 18:36 | Report Abuse

Don't know Kossan will follow Harta to halt some production lines or not...

Posted by Chipee > 2023-05-12 15:42 | Report Abuse

SonniaFang ... Yes. <CORRECTION>

“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,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Posted by SonniaFang > 2023-05-12 16:44 | Report Abuse

Thanks, Chipee. Any idea how many percent of their glove production capacity will be affected?

Posted by Chipee > 2023-05-12 18:03 | Report Abuse

SonniaFang . No idea but won't be as big scale as Harta. Decommission old lines is good. Maybe upgrade to latest and more efficient system. Less labour. Better margin in the future when market normalize. I;m in it for the long run.

Posted by SonniaFang > 2023-05-15 14:39 | Report Abuse

Agreed. Definitely see them making profit again in the long run after the demand and supply of gloves have been normalised.

Posted by SonniaFang > 2023-05-16 19:10 | Report Abuse

Steady move towards Rm1.50. good good

Posted by EverettLee > 2023-05-18 16:25 | Report Abuse

Shooting up today. Nice la

Posted by Chipee > 2023-05-24 10:32 | Report Abuse

hopefully G7 meeting would decouple their economy from China. This would shoot Kossan to the moon.

Posted by EverettLee > 2023-05-24 10:37 | Report Abuse

More likely to form a peace talk in G7 ba

Posted by churrosnight > 2023-05-24 12:01 | Report Abuse

Kossan what happen...

Posted by RTA09391 > 2023-05-24 15:29 | Report Abuse

Just normal & healthy correction, kossan fundemental still intact, TPRM1.65 for 2024

Posted by Endgame > 2023-05-24 21:42 | Report Abuse

Breaking news; Local analysts call for profit taking for Harta and Kossan after recent surge of the price which provide an attractive margin. The sell call mainly due to glove business market still in price and inventory pressured and uncertainty of demand condition.

Posted by EverettLee > 2023-05-26 18:19 | Report Abuse

Any good news came out during its AGM yesterday?

Posted by EverettLee > 2023-05-31 20:31 | Report Abuse

Nice, tomorrow will hit RM1.50 again

Posted by EverettLee > 2023-06-01 19:02 | Report Abuse

...suddenly momentum wearing off

Posted by Chipee > 2023-06-06 10:30 | Report Abuse

The whole market is down. Expect to drag Kossan down too.

Posted by EverettLee > 2023-06-06 15:41 | Report Abuse

As long as Kossan still sustains at RM1.40 and above, I guess it's fine then

Posted by EverettLee > 2023-06-07 16:27 | Report Abuse

Nice explanation, but hardly for Kossan to drop back to RM1.28 I believe

https://klse.i3investor.com/web/pricetarget/research/67713

Posted by EverettLee > 2023-06-08 12:12 | Report Abuse

All glove counters are down today...

Posted by Chipee > 2023-06-08 12:34 | Report Abuse

Foreign investors leaving Msia market. I suspect they are heading for Japan market.

Posted by EverettLee > 2023-06-09 17:17 | Report Abuse

Ya..they follow Warren Buffett's footsteps

Posted by EverettLee > 2023-06-12 10:35 | Report Abuse

Nice. Rebound today alrdy. Expected QP from TG can drive good sentiment this week

Posted by EverettLee > 2023-06-13 17:58 | Report Abuse

Shorties on power today...