KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.96

Today's Change

0.00 (0.00%)

Day's Change

1.93 - 1.98

Trading Volume

3,292,600


17 people like this.

15,674 comment(s). Last comment by ChandranG 20 hours ago

Likesung

148 posts

Posted by Likesung > 2023-08-30 11:04 | Report Abuse

@hw0706
Aberdeen start bought Kossan around RM1.00-RM1.20 they still making profit

Posted by NatsukoMishima > 2023-08-30 12:06 | Report Abuse

China intco will ramp up 200billion extra gloves to market in 2024 , u see the ASP will drop below USD 10 or not ?

Likesung

148 posts

Posted by Likesung > 2023-08-30 12:23 | Report Abuse

@Natsuko
U making a lot of funny

Posted by NatsukoMishima > 2023-08-30 13:00 | Report Abuse

China intco will dominate the world glove market with ASP USD 10 or even lower in 2024 !

Likesung

148 posts

Posted by Likesung > 2023-08-30 13:26 | Report Abuse

Ya lah all Intco "good" lah Intco like "god" lah Intco "best" lah as good u said !!!

Albukhary

2,621 posts

Posted by Albukhary > 2023-08-30 14:06 | Report Abuse

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

FYI, Intco has invested up to RMB 6-7bil into money market or short term investment. At the same time, Intco has stop its expansion plan, now it only maintain 48bil Nitrile Glove, and company did not mention any further expansion in near future.

As China has stop its expansion, and Malaysia has reduce the capacity via discontinue those old factory, glove price has been stable.

China player won't reduce its ASP anymore, and they will follow Malaysia to increase the ASP accordingly (maintain 10-15% below Malaysia ASP, as nobody will buy their glove if they offer the same price as Malaysia)

Likesung

148 posts

Posted by Likesung > 2023-08-30 19:59 | Report Abuse

Kossan management action more than talk but Topxxxxx is talking shxx on recently interview !!!

Posted by NatsukoMishima > 2023-08-31 12:51 | Report Abuse

@Albukhary

2,431 posts

Posted by Albukhary > 22 hours ago | Report Abuse

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

__________
Well, Mr market will slap your face not report !

Likesung

148 posts

Posted by Likesung > 2023-08-31 14:21 | Report Abuse

Nothing worried about Kossan, if want worry is Topxxxxx cause they produce too much gloves making spoil market.

Chipee

213 posts

Posted by Chipee > 2023-08-31 20:35 | Report Abuse

ARBEDEEN still buying .... Good.
I rather listen to REPORT that is from INTCO themselves then listening to RUMOURS pluck from the air... LoL.

Likesung

148 posts

Posted by Likesung > 2023-08-31 20:53 | Report Abuse

I think Director and ARBEDEEN continue bought in yesterday just waiting tomorrow announcement .

yfchong

5,720 posts

Posted by yfchong > 2023-08-31 22:18 | Report Abuse

apa sudah jadi ?

Posted by NatsukoMishima > 2023-09-01 10:07 | Report Abuse

Dnex ,vstec , ranhill , gtronic , iwcity all i recommended before they surge !

Posted by NatsukoMishima > 2023-09-01 10:12 | Report Abuse

Swift haulage also will surge later !

Posted by NatsukoMishima > 2023-09-01 10:31 | Report Abuse

Dont waste time at glove anymore , shift your capital to iwcity now to cover back losses in glove n make multifold gains ! Must act fast , gold will not wait for u !

Chipee

213 posts

Posted by Chipee > 2023-09-01 10:45 | Report Abuse

hahaha.... He is trying to get others to boost his shares up.

yfchong

5,720 posts

Posted by yfchong > 2023-09-01 20:49 | Report Abuse

aiyo yo Abeerdeen buys non stop ada apa apa we do not know ??

ks5S

4,601 posts

Posted by ks5S > 2023-09-01 21:25 | Report Abuse

aberdeen close shop soon.
taking a high risk position in kossan

Likesung

148 posts

Posted by Likesung > 2023-09-01 22:54 | Report Abuse

@ks5S
This called when people panic u buy

Chipee

213 posts

Posted by Chipee > 2023-09-04 09:08 | Report Abuse

It's call rotation play. Expectation of recession ... big players are going into healthcare, staples and utilities. So buy when people panic on sectors you want. Kossan better show profit Q3. Then probably good time ahead for Kossan.

Posted by NatsukoMishima > 2023-09-07 10:08 | Report Abuse

See money take money loh otherwise dont know how many years will be trapped !

Chipee

213 posts

Posted by Chipee > 2023-09-07 11:42 | Report Abuse

"Dont waste time at glove anymore ...blah blah blah .." ... "See money take money loh ..bla bla bla" .... Up or down you are "RIGHT" ah? STFU la.
Big joker like you think you can "control" the market with your mouth... hahaha...

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

Posted by NatsukoMishima > 2023-09-07 19:03 | Report Abuse

https://www.orientaldaily.com.my/news/international/2023/09/07/594837

Read carefully all glove tards

ks5S

4,601 posts

Posted by ks5S > 2023-09-07 19:33 | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Felix888

3,313 posts

Posted by Felix888 > 2023-09-07 20:14 | Report Abuse

Googoletranslate says USA has banned China medical gloves because found Covid virus contamination in samples.

Posted by ks5S > 34 minutes ago | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Likesung

148 posts

Posted by Likesung > 2023-09-07 20:19 | Report Abuse

United States&China continuous trade war advantage for Malaysia products .

Chipee

213 posts

Posted by Chipee > 2023-09-08 10:56 | Report Abuse

EXACTLY!!!

Likesung

United States&China continuous trade war advantage for Malaysia products .

yfchong

5,720 posts

Posted by yfchong > 2023-09-10 17:51 | Report Abuse

Can shoot to roof top ... kossan

Posted by TillyLovers > 2023-09-12 18:46 | Report Abuse

Is the price okay to buy now?

Likesung

148 posts

Posted by Likesung > 2023-09-12 21:36 | Report Abuse

Kossan company performance is not bad

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-12 23:10 | Report Abuse

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 0.32 .. 2.55 .. 0.34
2010 .. 0.56 .. 4.43 .. 0.4
2011 .. 1.38 .. 3.51 .. 0.41
2012 .. 1.13 .. 3.99 .. 0.42
2013 .. 1.75 .. 5.61 .. 1.08
2014 .. 1.75 .. 5.6 .. 1.12
2015 .. 2.5 .. 7.72 .. 2.33
2016 .. 2.88 .. 6.71 .. 1.65
2017 .. 2.75 .. 6.86 .. 2.03
2018 .. 1.5 .. 7.83 .. 2.17
2019 .. 3 .. 8.86 .. 2.08
2020 .. 6 .. 42.12 .. 4.5
2021 .. 47 .. 113.83 .. 1.92
2022 .. 12 .. 5.61 .. 1.1
2023 .. 2.50E .. 0.50E .. 1.36

DPS, EPS and Year End Price are adjusted for capital changes
Total cumulative EPS 225.23
Total Cumulative DPS 84.52
DPO Ratio 37.5%
Kossan

yfchong

5,720 posts

Posted by yfchong > 2023-09-16 17:59 | Report Abuse

Kossan kossan

Likesung

148 posts

Posted by Likesung > 2023-09-18 21:35 | Report Abuse

Kossan u r the best

Fairus4469

116 posts

Posted by Fairus4469 > 2023-09-25 14:15 | Report Abuse

Ikut Uncle Lim masuk Kosaan, hehe

Chipee

213 posts

Posted by Chipee > 2023-10-04 16:37 | Report Abuse

I think there will be a big dividend announcement coming end of Oct. Kossan Holding SB just transferred shares to individual directors. Maybe a big profit announcement Q3?
Or just reducing Kossan Holding SB holding away from 51%?

Likesung

148 posts

Posted by Likesung > 2023-10-04 21:54 | Report Abuse

Chipee
I think nothing special right, it this good thing ?

Chipee

213 posts

Posted by Chipee > 2023-10-05 14:26 | Report Abuse

Likesung
Moving abt 366million Kossan shares from Kossan Sdn Bhd to their directors.
That's personal ownership for each directors. I can only speculate ... Kossan Bhd will give big dividend so the directors can receive the tax-free money directly.

Or

Individual director would dump the shares. Then price might fall.
So it can go either way, If Kossan Sdn Bhd, directors have to agree to sell or buy back share. Another problem is, Kossan Bhd will buy back shares with the 2bill cash. Push price up? And reduce Kossan Bhd cash holding? They sell the shares and pocket the sales money individually? Is that taxable? I don't know.

Good or bad is for speculation. Have to wait and see what happen.

Likesung

148 posts

Posted by Likesung > 2023-10-05 19:44 | Report Abuse

Chipee
I think some disadvantage here if the director make a disposal of shares no need go through company if they no make disposal transaction nothing issue

Likesung

148 posts

Posted by Likesung > 2023-10-05 19:46 | Report Abuse

Chipee
Last time 2020 they make disposal from 51% reduced to 47% if logically they buy low sell high

Fairus4469

116 posts

Posted by Fairus4469 > 2023-10-06 10:08 | Report Abuse

nampaknya Kossan lebih mantap drpd Topglv

Chipee

213 posts

Posted by Chipee > 2023-10-06 10:27 | Report Abuse

Yeah. Agree. I think that's why institution stay away from them. I think Kossan should value more than Hartalega. Comparing No. share outstanding etc....

Likesung
Last time 2020 they make disposal from 51% reduced to 47% if logically they buy low sell high

Chipee

213 posts

Posted by Chipee > 2023-10-06 18:12 | Report Abuse

50 Million sold outside the market to TAN KONG CHANG (Director in Kossan Bhd).
I think something BIG is coming.

Likesung

148 posts

Posted by Likesung > 2023-10-06 20:21 | Report Abuse

Fairus4469
Ya betul cakap awak

Likesung

148 posts

Posted by Likesung > 2023-10-06 20:23 | Report Abuse

Chipee
Just wait the final announcement

ks5S

4,601 posts

Posted by ks5S > 2023-10-07 10:02 | Report Abuse

ya something Big is coming
maybe
(1) CEO is retiring
(2) kossan brothers, uncle, cucu , cicit, girlfriend, mistress...start selling in the open market
(3) fighting among the brothers as family business sure got problem


conclusion: Sell

Chipee

213 posts

Posted by Chipee > 2023-10-07 10:14 | Report Abuse

Another naysayer. Maybe he got burnt by rubber glove .... LoL


ks5S
ya something Big is coming
maybe
(1) CEO is retiring
(2) kossan brothers, uncle, cucu , cicit, girlfriend, mistress...start selling in the open market
(3) fighting among the brothers as family business sure got problem
conclusion: Sell

Likesung

148 posts

Posted by Likesung > 2023-10-07 15:20 | Report Abuse

Chipee
Sounds like cannot get the grape then said grape is sour

yfchong

5,720 posts

Posted by yfchong > 2023-10-11 07:24 | Report Abuse

Aberdeen keeps on beli....let's see ada roller coaster ke?

Fairus4469

116 posts

Posted by Fairus4469 > 2023-10-11 09:13 | Report Abuse

Aberdeen beli, Uncle Lim jual...sebablah ia tak bergerak. ha

Likesung

148 posts

Posted by Likesung > 2023-10-11 19:32 | Report Abuse

Fairus4469
Uncle Lim jual kpd Mr Tan

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