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 > 2023-11-12 12:46 | Report Abuse

yfchong
If u are hold for long term just ignore the chart

yfchong

5,720 posts

Posted by yfchong > 2023-11-13 08:40 | Report Abuse

which it is like Riverstone., yeah so good Net Profit Margin, envy lleh
Harta EBIT, also boh sui

Chipee

213 posts

Posted by Chipee > 2023-11-13 14:02 | Report Abuse

Riverstone has annual capacity of 15 billion. Meaning they are smaller. Fixed cost is lower. Of coz their Net profit is good. But only at this transition moment. But they can't take the advantage when demand spikes. It's gloves we are talking about. Nothing high end. Glove is a volume game.

ChandranG

205 posts

Posted by ChandranG > 2023-11-14 09:53 | Report Abuse

Within this week I predict

Posted by TillyLovers > 2023-11-14 13:14 | Report Abuse

Can buy now at RM1.47? Will it drop again?

yfchong

5,720 posts

Posted by yfchong > 2023-11-14 14:38 | Report Abuse

Q report macam mana 😕

Posted by TillyLovers > 2023-11-14 19:05 | Report Abuse

Hi, Felix. 7pm now but the QR has not been released.

Likesung

148 posts

Posted by Likesung > 2023-11-14 21:00 | Report Abuse

Where are u now

messi88

512 posts

Posted by messi88 > 2023-11-15 15:15 | Report Abuse

when the Q report release?

klee

2,749 posts

Posted by klee > 2023-11-15 18:19 | Report Abuse

huat ah

pang72

46,646 posts

Posted by pang72 > 2023-11-15 18:29 | Report Abuse

Incredible good

klee

2,749 posts

Posted by klee > 2023-11-15 18:32 | Report Abuse

compared to harta qr this is fantastic

klee

2,749 posts

Posted by klee > 2023-11-15 18:33 | Report Abuse

n harta naik berapa?haha

Chipee

213 posts

Posted by Chipee > 2023-11-15 18:35 | Report Abuse

PROFIT .... RM41.8 million. WooHooo !!!!!

klee

2,749 posts

Posted by klee > 2023-11-15 18:41 | Report Abuse

harta only 27.7 mil profit

Chipee

213 posts

Posted by Chipee > 2023-11-15 18:51 | Report Abuse

Yeah man. after covid, I value kossan more than harta.
Kossan shld be more than Harta share price. Both produce nbr gloves. Unlike TopGlove with latex gloves.

klee

harta only 27.7 mil profit

klee

2,749 posts

Posted by klee > 2023-11-15 19:01 | Report Abuse

Topglove wasted billions to support share prices when it was very high,some even supported at RM8.Its taiko position is not to be anymore.If kossan can maintain its performance,it will become the leader of the gloves sector.Both kossan n harta still have RM 1 billion plus in cash.

Chipee

213 posts

Posted by Chipee > 2023-11-15 19:30 | Report Abuse

Kossan has Rm2bill. Rm1.2 bill in cash. Rm800mill in liquid investment (FD maybe)

yfchong

5,720 posts

Posted by yfchong > 2023-11-15 19:35 | Report Abuse

Ada gap up kah tomorrow long time no see this phenomenon yeah
.Well done lim bosz. It time to read 3Q report yeah

Chipee

213 posts

Posted by Chipee > 2023-11-15 20:15 | Report Abuse

I see Rm1.85 resistance.

Posted by Felix888999 > 2023-11-15 20:48 |

Post removed.Why?

kk7198

3,873 posts

Posted by kk7198 > 2023-11-15 20:53 | Report Abuse

This UlarSawa is a real shit to sell at 0.71 sen.

klee

2,749 posts

Posted by klee > 2023-11-15 21:08 | Report Abuse

The foresight of foreign fund Aberdeen which has been accumulating till early Nov 23.Let the show begin.

klee

2,749 posts

Posted by klee > 2023-11-15 21:10 | Report Abuse

Analysts say gloves no show till end 24 hahaha.Now all busy rerating.

klee

2,749 posts

Posted by klee > 2023-11-15 21:15 | Report Abuse

It is similar to powell's testimony that rates shud still be restrictive,n yet mkts keep pushing higher.Of course analysts will still supply exceed demand.Who cares?No one can beat Mr Market.

yfchong

5,720 posts

Posted by yfchong > 2023-11-15 21:22 | Report Abuse

Kossan all segment in + mode., Gloves is making double digit yeah., hope this brings the lights at the end of tunnel liao. cheers.,
(China) Intco +, Blue Sail -
(Thailand) Sri Trang +
(Singapore) RiverStone ++ (listed in Sing
(Malaysia) TG -, Harta +, Kossan ++
Malaysia 2nd Tier, Comfort Gloves ?, Careplus ?,.......

Likesung

148 posts

Posted by Likesung > 2023-11-15 22:02 | Report Abuse

Profit more than I expected, hope share price increase healthy not goreng

Felix1510

60 posts

Posted by Felix1510 > 2023-11-15 22:41 |

Post removed.Why?

Endgame

718 posts

Posted by Endgame > 2023-11-15 23:39 | Report Abuse

Told u already more profit than harta

alex

1,344 posts

Posted by alex > 2023-11-15 23:47 | Report Abuse

NO dividend again...

KingKKK

270 posts

Posted by KingKKK > 2023-11-16 08:32 | Report Abuse

Kossan returns to black in 3Q with better cost controls, lower material costs

https://theedgemalaysia.com/node/690105

Posted by BobAxelrod6868 > 2023-11-16 08:36 | Report Abuse

Sell on News........good time to take profits.

Posted by Felix888999 > 2023-11-16 08:57 |

Post removed.Why?

Endgame

718 posts

Posted by Endgame > 2023-11-16 09:13 | Report Abuse

Buy on rumours sell on news

ryoyagod

120 posts

Posted by ryoyagod > 2023-11-16 09:30 | Report Abuse

Turning green as expected. Glove naysayers still around? ha

yfchong

5,720 posts

Posted by yfchong > 2023-11-16 09:44 | Report Abuse

At least for a while can get 1 get up......

Posted by BobAxelrod6868 > 2023-11-16 09:55 | Report Abuse

Turning flaccid after orgasm.......

Posted by Lotus1528 > 2023-11-16 11:14 | Report Abuse

is it good time to buy now?

Henryjohny

671 posts

Posted by Henryjohny > 2023-11-16 11:48 | Report Abuse

qr good ... limit up ?

Siow Looi

415 posts

Posted by Siow Looi > 2023-11-16 12:00 | Report Abuse

Beast mode

Andre Kua

414 posts

Posted by Andre Kua > 2023-11-16 12:12 | Report Abuse

Reading all the comments make you be like Ahmad Mazlan (binggung) when you actually load up the QR report.

Kossan actually made a loss on their gloves... negative 15millions from glove but clean room gain 6.7m... overall glove segment still losing 8m++ compared to Harta who is turning a small profit. What boost their profits is the Technical Rubber segment and OTHERS (which they indicate is related to investment holding etc).

Endgame

718 posts

Posted by Endgame > 2023-11-16 12:31 | Report Abuse

Good time to SELL not buy, i bought it last 3 months, sell all today

Posted by BobAxelrod6868 > 2023-11-16 12:32 | Report Abuse

Smart boy, Endgame.......always sell on News.

Posted by Huangbbkk72 > 2023-11-16 12:36 | Report Abuse

When bull sees red.. they don’t think.. they charge 🤣🤣

Someone actually brave enough to post in every glove thread that V recovery has started.

Everyone know who this person is

😂

Posted by Andre Kua > 22 minutes ago | Report Abuse

Reading all the comments make you be like Ahmad Mazlan (binggung) when you actually load up the QR report.

Kossan actually made a loss on their gloves... negative 15millions from glove but clean room gain 6.7m... overall glove segment still losing 8m++ compared to Harta who is turning a small profit. What boost their profits is the Technical Rubber segment and OTHERS (which they indicate is related to investment holding etc).

Albukhary

2,621 posts

Posted by Albukhary > 2023-11-16 12:43 | Report Abuse

The current trend is :-

1) Glove demand is gradually increase, as a lot of stock pile has been reducing or expired.

2) China has stop all the expansion plan, although now they are running at full capacity. Because they are suffering from losses as well, the current low price strategy has help them to increase they market share, but cannot help them to generate profit even running at 100% utilisation. So they have to increase the price and the ASP gap between China and Malaysia is reducing.

3) After dismantle all the low productivity factory, Malaysian player now are better cost efficient. A lot of labour intentisve work have been replace by robotic. Old machine are replace by new machine, faster and energy saving.
All factory roof are installed with Solar, save electric bill and increase ESG scoring. Our player now can achieve profit even running at 40% plant utilisation. Just imagine when volume increase to 60%, sure the profit will be increase substantially.

Posted by BobAxelrod6868 > 2023-11-16 12:46 | Report Abuse

You must still be sleep walking........please do another comprehensive study....and this time open your eyes.

Yezzy99108

360 posts

Posted by Yezzy99108 > 2023-11-16 12:52 | Report Abuse

1 day goreng and ppl started to think glove comeback. End game since 2021. Period

Chipee

213 posts

Posted by Chipee > 2023-11-16 13:38 | Report Abuse

Ok la got improvement.
Q2/23 Gloves loss was 46.98m
Q3/23 Gloves loss was 15.77m (improve by 66%)
Q4/23 ???



Andre Kua

Reading all the comments make you be like Ahmad Mazlan (binggung) when you actually load up the QR report.

Kossan actually made a loss on their gloves... negative 15millions from glove but clean room gain 6.7m... overall glove segment still losing 8m++ compared to Harta who is turning a small profit. What boost their profits is the Technical Rubber segment and OTHERS (which they indicate is related to investment holding etc).

Posted by Huangbbkk72 > 2023-11-16 13:43 | Report Abuse

Haha.. I don’t even have to analyze

You don’t know? I didn’t say ya.. look below

Posted by Andre Kua > 1 hour ago | Report Abuse

Reading all the comments make you be like Ahmad Mazlan (binggung) when you actually load up the QR report.

Kossan actually made a loss on their gloves... negative 15millions from glove but clean room gain 6.7m... overall glove segment still losing 8m++ compared to Harta who is turning a small profit. What boost their profits is the Technical Rubber segment and OTHERS (which they indicate is related to investment holding etc).

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