Posted by Huangbbkk72 > 2023-11-16 13:44 | Report Abuse

Another for you..

If you don’t know how to read financials.. don’t embarrass yourself la

😂😂

Posted by Chipee > 4 minutes ago | 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 ???

Posted by Huangbbkk72 > 2023-11-16 13:45 | Report Abuse

Sore loser ya..

Today Andre and Chipee posted ya. Not theedge

Look up

😂😂

Posted by Huangbbkk72 > 2023-11-16 13:57 | Report Abuse

Shamed ka? No reply anymore ?

😂😂😂

Posted by Felix999 > 14 minutes ago | Report Abuse

He blindly read the edge report comparing this quarter VS last year same quarter twisting the story.

This guy always lost naked in all his share investment, he come here post negative to show his existence only.

Posted by Chipee > 2023-11-16 14:12 | Report Abuse

You looking for an argument with me ah?
So here's the deal.

Andre Kua copy & paste for "For the 9 months ended 30 September 2023".
Meaning Q1+Q2+Q3 numbers
This for Gloves, TR etc ,,, meaning all the segments
Annual 2023: Q1 Loss Rm23.6m/ Q2 Loss Rm2.66m / Q3 Profit Rm41.8m
Add All quarters. Net loss Rm15.54. So if Q4 is profitable by more than Rm15.54... than it's in the black.

Felix999 copy & paste for "For the third quarter ended 30 September 2023,"
Meaning stand alone quarter of Q32023
Glove itself Profit before tax = RM31.21
"PBT was RM31.21 million in 3Q23 as compared with PBT of RM1.00 million in 3Q22" is from the report .... MEaning glove shows high improvement.

You know how to read report boh?


Huangbbkk72

Sore loser ya..

Today Andre and Chipee posted ya. Not theedge

Look up

Posted by Huangbbkk72 > 2023-11-16 14:19 | Report Abuse

You are right..

Felix is wrong

Hahhaha

Posted by Chipee > 2023-11-16 14:27 | Report Abuse

I know you are targeting Felix. But watch your bullets ler ... Don't simply tembak.
Anyway this Felix got problem one.
Enemy he tembak. Frens also he tembak .... hahaha

Huangbbkk72

You are right..

Felix is wrong

Hahhaha

Posted by Huangbbkk72 > 2023-11-16 14:32 | Report Abuse

Aiyo.. my bullet very chun wan..

I was using your post to show his error

😂

Posted by Chipee > 2023-11-16 14:33 | Report Abuse

You are King of Pusing. Bullet can curve one... 😂

Posted by Chipee > 2023-11-16 14:34 | Report Abuse

Anyway, my post shows that he is right ler ....

Posted by Huangbk72 > 2023-11-16 14:39 | Report Abuse

Anyway.. I dont follow gloves..

Its over for me..

Cant resist the chance to agitate Felix

😂😂😂😂

Posted by Huangbk72 > 2023-11-16 14:40 | Report Abuse

So you expect full year profit or loss?

Can show your expertise?

Posted by Felix999 > 1 minute ago | Report Abuse

Who doesn't know last two quarters glove companies post lost results?

You add last 2 quarters got meaning ma?

Didn't you see this quarter Q3 2023 posted 32 million profit for gloves segment?

Mana you sekolah????

Posted by Huangbk72 > 2023-11-16 14:49 | Report Abuse

Haha.. Who cares how much you win or lose... Ego ka? Must prove you are correct?

No wonder you must argue till you win.. Or .... delete others post so you win.

V share recovery mode? Started already?

Gas price uptrend le till end of year.

U sure glove also uptrend?

Posted by Huangbk72 > 2023-11-16 14:56 | Report Abuse

Again.. Slander

I dont play flag.. I rather keep your gibberish post for everyone to see.

You have too many enemies here... You have bad character.

So dont simply accuse with no proof...

Posted by Andre Kua > 2023-11-16 15:03 | Report Abuse

Actually do you know how to calculate whether or not glove is worth buying??? Based on QR??? LOL...

You have a rough estimate of their annual capacity. Use that to calculate based on guesstimate pricing for bulk 1000 pcs pricing. Then compare with their revenue and you will get a rough figure about ASP and if ASP is showing sign of rise. Use the base bulk pricing calculation of USD20-25/1000pcs to guess their current capacity utilisation.

Posted by Chipee > 2023-11-16 15:19 | Report Abuse

Sure. Capacity Utilisation is important. But that is from reported data. Everybody can see and make a decision. And from Kossan Q3 profit shows they managed their fixed cost well.

For me, to make money, we have to speculate future data, mainly demand and existing customers' stocks. If they need restock means gloves make money. From the improving gloves numbers, demand is back and customers' stock is lower.


Andre Kua

Actually do you know how to calculate whether or not glove is worth buying??? Based on QR??? LOL...

You have a rough estimate of their annual capacity. Use that to calculate based on guesstimate pricing for bulk 1000 pcs pricing. Then compare with their revenue and you will get a rough figure about ASP and if ASP is showing sign of rise. Use the base bulk pricing calculation of USD20-25/1000pcs to guess their current capacity utilisation.

Posted by Chipee > 2023-11-16 15:36 | Report Abuse

Now we see if Kossan directors sell their shares in this good news.

Posted by Chipee > 2023-11-16 16:04 | Report Abuse

I think Kossan make a big mistake. Should announce some dividend. Small dividend also nevermind. Show some confidence.

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

Now everyone rushing to buy in...last time busy short institutions funds also busy close the short position and change to long

Posted by yfchong > 2023-11-16 20:34 | Report Abuse

Good close.. Well done bosz lim

Posted by Endgame > 2023-11-17 07:16 | Report Abuse

Today expected sell down, traders leave for weekend

Posted by ChandranG > 2023-11-17 09:46 | Report Abuse

going up instead in this morning 😀

Posted by Chipee > 2023-11-17 15:22 | Report Abuse

Flush out all that wanna sell. Just watch if Arbedeen and Kossan directors sell.

Posted by James Ng > 2023-11-17 21:05 | Report Abuse

[转贴] [Video:浅谈KOSSAN RUBBER INDUSTRIES BERHAD, KOSSAN, 7153] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2023-11-17-story-h-214372836

Posted by yfchong > 2023-11-18 08:48 | Report Abuse

Waiting for Supermax Q if sui can ride on

Posted by Chipee > 2023-11-20 11:17 | Report Abuse

Supermax when release quarter result?

yfchong

Waiting for Supermax Q if sui can ride on

Posted by ryoyagod > 2023-11-20 18:46 | Report Abuse

This Wednesday supermax result out I guess

Posted by ChandranG > 2023-11-21 10:07 | Report Abuse

otw to break 52 weeks high? 🤔

Posted by 5354_ > 2023-11-21 17:57 | Report Abuse

2023-11-21

Insider

Notice of new substantial holder - EMPLOYEE PROVIDENT FUND BOARD on 16-Nov-2023.

Posted by yfchong > 2023-11-21 19:51 | Report Abuse

Tomorrow game plan.... ?

Posted by Chipee > 2023-11-22 03:56 | Report Abuse

EPF is buying. Lets see Kossan go up.

Posted by 5354_ > 2023-11-22 09:54 | Report Abuse

EPF follow Abrdn buying like in Farm Fresh? Harta RM 2.4 who buy?

Posted by lordmaster > 2023-11-22 10:49 | Report Abuse

Follow EPF! 😋

Posted by Likesung > 2023-11-22 22:58 | Report Abuse

Wah still going up, unfortunately I already sold

Posted by yfchong > 2023-11-22 22:59 | Report Abuse

Supermax ada ok boh ?

Posted by klee > 2023-11-23 12:32 | Report Abuse

Rm2 by dec.Analysts can balik kampung tanam ubi.

Posted by Chipee > 2023-11-23 14:34 | Report Abuse

Never trust analysts. They have their own agenda.

Posted by klee > 2023-11-23 18:39 | Report Abuse

Kossan n harta have no more Rss outstanding.Maybe the brilliant analysts can explain why this is so,or can they? Hahaha.No one ever get rich by listening to analysts.

Posted by klee > 2023-11-23 19:02 | Report Abuse

PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.


MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.

Posted by klee > 2023-11-23 19:03 | Report Abuse

August article but still relevant. Analysts versus the head of glove association.

Posted by yfchong > 2023-11-23 19:56 | Report Abuse

Tomorrow apa cerita

Posted by observatory > 2023-11-23 20:28 | Report Abuse

MARGMA president Dr Supramaniam Shanmugam is just an industry cheerleader. You can check the accuracy of his past predictions.

Posted by observatory > 2023-11-23 20:29 | Report Abuse

MARGMA's prediction in May 2021:
Even with global production expected to ramp up to 420 billion this year from 380 billion last year and annual growth of 10-15%, Supramaniam said excess demand could run into 2023. Malaysia expects to supply 280 billion, or 67%, of that increased global supply.
https://www.reuters.com/article/us-malaysia-gloves-idUSKBN2B709W/

Posted by observatory > 2023-11-23 20:29 | Report Abuse

MARGMA's prediction in Mar 2022:
Malaysia is set to retain its position as the world’s number one rubber glove-producing nation in 2022 with export volume likely to expand by between 12 and 15 per cent, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).
It anticipated global demand for rubber gloves for the year to be at 452 billion units, or 14,333 gloves used every second.
https://www.mida.gov.my/mida-news/malaysias-rubber-glove-exports-projected-to-grow-12-15-pct-in-2022/

Posted by observatory > 2023-11-23 20:29 | Report Abuse

MARGMA's prediction in Aug 2022:
Margma president Dr Supramaniam Shanmugam said industry players are navigating through a challenging time dealing with multiple dynamics with global risks including the prolonged Russia-Ukraine war.
“The association is, nevertheless, confident the industry will see a demand growth of 10% to 12% in 2022,” he said.
“As a consequence of increased global healthcare awareness and enhanced regulatory requirements, such demand will grow by 12% to 15% in 2023,” he said.
The global demand for gloves is estimated at 399 billion in 2022, and Malaysia is estimated to produce 240 billion gloves in 2022, according to Margma’s report.
https://www.freemalaysiatoday.com/category/business/local-business/2022/08/03/malaysia-likely-to-export-rm23-bil-worth-of-rubber-gloves-this-year/

Posted by Likesung > 2023-11-23 20:49 | Report Abuse

No show liao Aberdeen start disposed

Posted by Chipee > 2023-11-23 21:03 | Report Abuse

Then have to wait next quarter result.

Posted by 5354_ > 2023-11-24 09:11 | Report Abuse

>1.70 still solid. EPF or other foreign funds still buying?

Likesung

No show liao Aberdeen start disposed

12 hours ago

Posted by 5354_ > 2023-11-24 10:35 | Report Abuse

Harta no Arbdn or EPF why > RM 2.6 can? Likesung you no need to post here.

Posted by Likesung > 2023-11-24 13:18 | Report Abuse

5354
When funds called buy means sell liao , its very normal making correction on stock .

Posted by Chipee > 2023-11-24 15:38 | Report Abuse

Totally agree. Harta is valued more bcoz they pay better dividend than Kossan on historic basis. But I think Harta cannot sustain the same dividend payout anymore.

Harta outstanding shares: 3.417bill. Cash position: 1.6+ bill
Kossan outstanding shares: 2.557 bill. Cash position: 2+ bill

Harta production capacity been cut to almost Kossan level. Kossan made 2x net profit than Harta in Q3.

Either Kossan price go above Harta or Harta price drop below Kossan. This rely on sentiment.