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

Yeah. Sold outside of the market. Does not affect the pricing in the market. For all you know, they sold it below market price to TAN KONG CHANG (Director in Kossan Bhd).
I suspect a big dividend announcement. I'm praying NOT buy back by Kossan Bhd.

Likesung

Fairus4469
Uncle Lim jual kpd Mr Tan

Posted by Likesung > 2023-10-12 13:11 | Report Abuse

Chipee
Qr need to wait this end of October

Posted by Chipee > 2023-10-12 14:12 | Report Abuse

Yeah ... damn kanciong ... hahaha

Likesung

Chipee
Qr need to wait this end of October

Posted by ryoyagod > 2023-10-13 10:49 | Report Abuse

ABRDN is quite active in collecting Kossan and Farm fresh 😮

Posted by Likesung > 2023-10-15 21:34 | Report Abuse

No expected too much, hope can turnover about 5M this QR

Posted by ryoyagod > 2023-10-17 10:58 | Report Abuse

Glove counters up up today

Posted by ChandranG > 2023-10-23 16:36 | Report Abuse

Down back today 😅 so fluatuate

Posted by Chipee > 2023-10-23 17:38 | Report Abuse

Whole market is down. So can't blame it. Wait for Q3 to announce.

ChandranG

Down back today 😅 so fluatuate

Posted by Likesung > 2023-10-23 19:36 | Report Abuse

Emm... maybe they cannot make profit on glove maybe their Trp and cleanroom products can cover back

Posted by ChandranG > 2023-10-25 10:38 | Report Abuse

@Chipee. Q3 out this month?

Posted by Chipee > 2023-10-25 20:45 | Report Abuse

Usually early Nov.
ChandranG

@Chipee. Q3 out this month?

Posted by Likesung > 2023-10-25 21:01 | Report Abuse

hope tomorrow or Friday can see qr

Posted by ryoyagod > 2023-10-27 09:23 | Report Abuse

Great. Got 80% chance for Kossan to turn profits in that quarter

Posted by 5354_ > 2023-10-27 14:43 | Report Abuse

The reason why Kossan bought BJ Corp only made clear today?

Posted by 5354_ > 2023-10-27 14:45 | Report Abuse

BJ Corp bought at 25 sen consider profit?

ryoyagod

Great. Got 80% chance for Kossan to turn profits in that quarter

5 hours ago

Posted by 5354_ > 2023-10-27 21:33 | Report Abuse

Luxchem another ctr bought by cash-rich Kossan announced today.

Posted by 5354_ > 2023-10-27 21:41 | Report Abuse

Kossan’s founding Lim family emerges as Luxchem’s substantial shareholder

By Syafiqah Salim / theedgemalaysia.com
27 Oct 2023, 06:45 pm

KUALA LUMPUR (Oct 27): Kossan Holdings (M) Sdn Bhd, the largest shareholder of Kossan Rubber Industries Bhd, has emerged as the substantial shareholder in Luxchem Corp Bhd, after acquiring 6.09 million shares, or a 0.569% stake.

According to Luxchem’s filing, Kossan Holdings bought the block shares via direct business transaction on Wednesday (Oct 25). Based on the back-of-the envelope calculation, the cost of this purchase was RM2.86 million, based on Luxchem’s closing price of 47 sen at the time.

This raised Kossan’s shareholding in Luxchem to 5.168% or 55.29 million shares. Prior to the transaction, Kossan Holdings held a 4.599% stake or 49.2 million shares in the group.

Kossan Holdings — which is controlled by founder Tan Sri Lim Kuang Sia and directors, including his three sibblings Lim Kuang Wang, Lim Kuang Yong and Lim Leng Bung — is the second largest shareholder in Luxchem, after Chemplex Resources Sdn Bhd (38.92% stake).

Shares of Luxchem closed up one sen or 2.13% at 48 sen on Friday, valuing the group at RM508.07 million.
https://theedgemalaysia.com/node/687943

Posted by Likesung > 2023-10-28 10:08 | Report Abuse

This week maintained at 1.35 not much float

Posted by ChandranG > 2023-10-30 10:00 | Report Abuse

Its QR is coming out. There's sure be some movement for Kossan

Posted by Likesung > 2023-11-01 23:16 | Report Abuse

maybe can turn to profit lah but cannot like before covid cause China and Thailand gloves are increasing market shares

Posted by ryoyagod > 2023-11-02 11:23 | Report Abuse

Finger crossed on that. If Kossan turns profit in the upcoming quarter, then it's a good sign for glove counters

Posted by ChandranG > 2023-11-03 15:46 | Report Abuse

they will go green in the next quarter 😁

Posted by Likesung > 2023-11-03 22:29 | Report Abuse

If can reduce few millions more loses on gloves can turn to profit .

Posted by Likesung > 2023-11-06 19:31 | Report Abuse

Still no release qr yet arh

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

If gloves more high revenue hv chances to turn profit.

Posted by Likesung > 2023-11-07 13:19 | Report Abuse

Harta turned to profit! if harta can Kossan also can too

Posted by ChandranG > 2023-11-07 13:38 | Report Abuse

Later glove stocks will move up

Posted by cooledhawk123654 > 2023-11-07 15:19 | Report Abuse

when kossan release results? suppose shd be out aldy

Posted by Chipee > 2023-11-07 19:12 | Report Abuse

Damn ... no dividend was announced by Hartalega but they had share buy back.
I wonder if Kossan be the same ... sigh.

Posted by Likesung > 2023-11-07 22:14 | Report Abuse

Dont know profit can be same level with Harta or not, btw Kossan Lim no put all eggs in one basket .

Posted by yfchong > 2023-11-07 22:44 | Report Abuse

At least abrdn keeps buy yeah

Posted by yfchong > 2023-11-08 20:35 | Report Abuse

Let's see

Posted by Likesung > 2023-11-08 21:43 | Report Abuse

Delay means is nothing surprise, BTW hope can profit 7M-10M ok lah

Posted by sumasuma > 2023-11-09 07:03 | Report Abuse

Today QR report announce. Confirm.

Posted by sumasuma > 2023-11-09 07:04 | Report Abuse

Insider new

Posted by ChandranG > 2023-11-09 09:11 | Report Abuse

Kossan's turn to show profitable QR

Posted by Likesung > 2023-11-09 21:39 | Report Abuse

Aiya another tomorrow and tomorrow again , now can predict only
-Topxxxxx latest qr until 31 Aug losses -70m after impairment 390m hv some improvement.
-Hartalega untill 30 Sep turn to profit 27.7m
-Kossan ????? is a teka teki game

Posted by Likesung > 2023-11-09 22:25 | Report Abuse

Felix888999
Kossan had been decommissioned to cut 3 billion pieces at q1 or q2 not so sure u can study back previously qr

Posted by Felix888999 > 2023-11-10 16:27 |

Post removed.Why?

Posted by Chipee > 2023-11-10 17:57 | Report Abuse

Wah lau ... drag to next week liao this QR result. ...sigh ... why ler?

Posted by Chipee > 2023-11-10 18:11 | Report Abuse

I don't think they have impairment loss bcoz they didn't decommission. They improve their machine and process to increase productivity. Line will still jalan after improvement. Unlike Harta, terus shutdown.

2020 data on production capacity
TopGLove 86.4 billion pcs
Hartalega 40.5 billion pcs
Kossan 32 billion pcs
Supermax 26.2 billion pcs

So Kossan & Supermax is in the sweet spot in production size for current demand. TopGlove and Harta got higher production capability means their fixed cost is high.
Harta shutdown Bestari Jaya is cut down 32% of production capacity = 27.5bill.... So Kossan is still within the range of safe play in production size.

Posted by Chipee > 2023-11-10 18:15 | Report Abuse

Harta cut down close to 13 billion pcs per year. Kossan only reduce 3 biliion pcs.

Posted by Felix888 > 2023-11-10 18:27 | Report Abuse

Kossan Q2 report

"Recognising these challenges, the Group had embarked on a capacity rationalisation exercise in FY2022 to be more efficient and lower operating costs where we decommissioned two older plants (14 years and 19 years respectively) with a total capacity of 3 billion pieces"

But I can't find any impairment cost for this. Anyone could explain this?

Posted by Chipee > 2023-11-10 18:36 | Report Abuse

If got impairment loss like Harta, it would had been reported in financials. No report means no losses lor. Moreso, 14 & 19 years ... DEPRECIATION already recorded over the years. Those plants should ALREADY recorded "losses" in those years.

Posted by Felix888 > 2023-11-10 18:49 | Report Abuse

Machines depreciation useful life maybe just 5 years. How about factory building?

Posted by Chipee > 2023-11-10 18:56 | Report Abuse

U find out and give us answer lor.

Felix888

Machines depreciation useful life maybe just 5 years. How about factory building?

Posted by Chipee > 2023-11-10 19:03 | Report Abuse

Sigh .... DEPRECIATION include buildings la ..aiyoh... Only land doesn't have depreciation.

Felix888999

Aiyoh I'm not accounting people leh. Read PL, BS and cash flow boleh lah. Accounting technical things wau mana tahu.

Posted by Likesung > 2023-11-10 20:30 | Report Abuse

Felix888999
Maybe during asp war Kossan not much impact so just cut down 3 billion pieces arhh no need impairment lo. BTW Kossan hv major business not only gloves .

Posted by Likesung > 2023-11-10 22:57 | Report Abuse

Felix888999
I am not an accountant or auditor maybe Google can help

Posted by yfchong > 2023-11-12 09:01 | Report Abuse

How is the chart ada cup and handle kah or VCP ?