KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.50

Today's Change

+0.02 (0.81%)

Day's Change

2.48 - 2.54

Trading Volume

3,277,200


18 people like this.

15,822 comment(s). Last comment by Mini2021 5 hours ago

Endgame

720 posts

Posted by Endgame > 2023-06-14 11:35 | Report Abuse

Bolat already, come back next time after finish consolidation which is take months

EverettLee

346 posts

Posted by EverettLee > 2023-06-14 14:35 | Report Abuse

Not yet...This Friday still have a show for gloves

Chipee

276 posts

Posted by Chipee > 2023-06-14 18:43 | Report Abuse

What show is that?

Endgame

720 posts

Posted by Endgame > 2023-06-15 15:08 | Report Abuse

Breaking news: Local fund manager will take aggressive short position in Topglove, Harta and Kossan this Friday. Retailers better stay aside.

EverettLee

346 posts

Posted by EverettLee > 2023-06-16 15:14 | Report Abuse

Hm...Up in the morning then going down... Endgame was right? Gloves are being shorted heavily today?

bb2ualways

184 posts

Posted by bb2ualways > 2023-06-16 20:57 | Report Abuse

Manage to buy in at 1.30 today. Will continue to buy as long as it is below 1.34

DestinyL

4,728 posts

Posted by DestinyL > 2023-06-17 23:31 | Report Abuse

One strategy some traders will do is post abundance of correct stories to earn your trust, but occasionally they will trap you with fake news

bb2ualways

184 posts

Posted by bb2ualways > 2023-06-19 10:32 | Report Abuse

Yeah manage to buy in at 1.33 today. Will continue momentum

EverettLee

346 posts

Posted by EverettLee > 2023-06-19 11:25 | Report Abuse

Kossan boss continued to increase his stakes in Bjcorp...

https://www.orientaldaily.com.my/news/business/2023/06/16/573339

Endgame

720 posts

Posted by Endgame > 2023-06-19 12:00 | Report Abuse

Breaking news: Local analysts warn of retailers avoid glove stocks as Topglove delivered important indicator glove market still in loss making environment although with recent months of ASP increased.

Chipee

276 posts

Posted by Chipee > 2023-06-20 05:22 | Report Abuse

Kossan boss buys Bjcorp at private capacity. Not with Kossan Bhd's money.

EverettLee

346 posts

Posted by EverettLee > 2023-06-20 13:37 | Report Abuse

Wonder what he is attracted to about Bjcorp...

Chipee

276 posts

Posted by Chipee > 2023-06-20 17:35 | Report Abuse

Something abt financial service bcoz Bjcorp bought a license to venture into the financial sector.

EverettLee

346 posts

Posted by EverettLee > 2023-06-21 13:51 | Report Abuse

Digital banking license?

SWT1988

1,321 posts

Posted by SWT1988 > 2023-06-21 15:04 | Report Abuse

worthy to hold kossan when others gloves counter in downtrend? Let c

EverettLee

346 posts

Posted by EverettLee > 2023-06-22 19:43 | Report Abuse

Kossan is quite strong compared to other glove counters

EverettLee

346 posts

Posted by EverettLee > 2023-06-26 08:19 | Report Abuse

consolidating for Kossan instead iof moving downwards...

Chipee

276 posts

Posted by Chipee > 2023-06-26 09:22 | Report Abuse

Q2 report better be profitable for Kossan to see it move up. Harta and Topglove are big so their overhead cost is high. They will hv harder time to be profitable.

Endgame

720 posts

Posted by Endgame > 2023-06-26 18:39 | Report Abuse

Breaking news: Local fund increased also short position for Kossan after successful short the Topglove and Harta.

EverettLee

346 posts

Posted by EverettLee > 2023-06-27 16:49 | Report Abuse

Together they earn, together they lose. Big 4 now.

Chipee

276 posts

Posted by Chipee > 2023-06-30 09:36 | Report Abuse

YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

alenac

2,631 posts

Posted by alenac > 2023-06-30 10:13 | Report Abuse

Averaging down? Turnover declining every quarter till the last one. What's the rationale?
Chipee
YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

Chipee

276 posts

Posted by Chipee > 2023-06-30 12:34 | Report Abuse

Turnover can be down. Net profit is most important.
Anyway, I was in at 1.05 when KWSP was dumping last year. I'm good. No need to average down. Long term for me.
alenac
Averaging down? Turnover declining every quarter till the last one. What's the rationale?

EverettLee

346 posts

Posted by EverettLee > 2023-06-30 16:41 | Report Abuse

Nice grab at 1.05, Chipee. Decent paper gain now

EverettLee

346 posts

Posted by EverettLee > 2023-07-03 12:28 | Report Abuse

Nice, what a good beginning of July!

enshrouded

109 posts

Posted by enshrouded > 2023-07-03 14:40 | Report Abuse

hope it break resistance 1.35

EverettLee

346 posts

Posted by EverettLee > 2023-07-04 12:16 | Report Abuse

...TP RM1.08 by Pbb

Chipee

276 posts

Posted by Chipee > 2023-07-04 12:21 | Report Abuse

Foreign investors leaving Msia. Good time to pick up some good shares if you hv bullets.
TP from institutions will be lower when they want to buy. Higher when they want to sell. .. I don't really care Target Price reports. I take them as my opponents.

Chipee

276 posts

Posted by Chipee > 2023-07-04 12:50 | Report Abuse

You see ABRDEEN bought at 1.28-1.30 range while TP is 1.08. Why? Never trust TP.

EverettLee

346 posts

Posted by EverettLee > 2023-07-05 10:28 | Report Abuse

Haha, TP is just for reference. By the way, ABRDEEN is quite actively collecting the shares. Any good news coming?

Chipee

276 posts

Posted by Chipee > 2023-07-05 11:35 | Report Abuse

ABRDEEN is making Kossan look good. They keep accumulating.

Chipee

276 posts

Posted by Chipee > 2023-07-05 16:49 | Report Abuse

I am waiting for these event to happen in China. China manufacturing out from US market. Competition from China in the glove sector is eliminated. Lets hope.

https://theedgemalaysia.com/node/673621

EverettLee

346 posts

Posted by EverettLee > 2023-07-06 17:31 | Report Abuse

Nice, Lim brothers chipped in as well

EverettLee

346 posts

Posted by EverettLee > 2023-07-07 14:47 | Report Abuse

It will hold strong at above RM1.30 since a lot of shares have been bought back by substantial shareholders

nicky

3,351 posts

Posted by nicky > 2023-07-13 10:16 | Report Abuse

Getting lower... below RM1.30 now

Endgame

720 posts

Posted by Endgame > 2023-07-13 11:28 | Report Abuse

Breaking news: Kossan under short attack, stay sideline

EverettLee

346 posts

Posted by EverettLee > 2023-07-13 15:34 | Report Abuse

Continuous shares buyback from the directors. Good sign

Chipee

276 posts

Posted by Chipee > 2023-07-14 16:41 | Report Abuse

Yes. Agree. But they are dangerously close to 51% that may trigger privatisation.

EverettLee

Continuous shares buyback from the directors. Good sign

Siow Looi

418 posts

Posted by Siow Looi > 2023-07-17 14:26 | Report Abuse

Bottom is in for the sector

EverettLee

346 posts

Posted by EverettLee > 2023-07-17 15:35 | Report Abuse

@Chipee. Hmm, do you think they will privatize this company?

Chipee

276 posts

Posted by Chipee > 2023-07-18 14:25 | Report Abuse

I don't know.

@Chipee. Hmm, do you think they will privatize this company?

Likesung

148 posts

Posted by Likesung > 2023-07-18 23:55 | Report Abuse

Director, Fund Manager and Retailer keep buying, lets make shorties crying soon

yfchong

5,748 posts

Posted by yfchong > 2023-07-19 23:25 | Report Abuse

Dun know Bosz and fund manager keep adding to their portfolio

Likesung

148 posts

Posted by Likesung > 2023-07-20 00:26 | Report Abuse

I think qr will release this month

EverettLee

346 posts

Posted by EverettLee > 2023-07-22 10:28 | Report Abuse

@Chipee. Let's hope not... or else big 4 becomes big 3 only in Malaysia 😅

Gizaa

177 posts

Posted by Gizaa > 2023-07-23 17:08 | Report Abuse

the boss want to trigger privatization to get out of Bursa soon.

Likesung

148 posts

Posted by Likesung > 2023-07-23 20:19 | Report Abuse

@Gizaa Totally agree should privatize over undervalued good company, anyway hope this qr hv good result.

Likesung

148 posts

Posted by Likesung > 2023-07-23 20:21 | Report Abuse

@EverettLee Even privatize still can become big 4 as long as the production no any affect.

Chipee

276 posts

Posted by Chipee > 2023-07-24 16:07 | Report Abuse

51% will trigger Mandatory offer. But doesn't mean Kossan would want it. If they privatise, they need to fork out Rm1.7 billion. I don't think they be interested. They would end up with Rm270million in balance sheet to operate Kossan. Is that enough? Moreso interest rate is going up, debt won't be favourable to them to privatize. That's just my 2 cents.

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