KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.96

Today's Change

-0.06 (2.97%)

Day's Change

1.94 - 2.04

Trading Volume

5,754,400


17 people like this.

15,669 comment(s). Last comment by TillyLovers 50 minutes ago

yfchong

5,716 posts

Posted by yfchong > 2023-11-24 19:43 | Report Abuse

Taikor aberdeen cash out yor fuiyoh

Chipee

210 posts

Posted by Chipee > 2023-11-24 21:36 | Report Abuse

Ciak sai liao ... nevermind la ... wait for Q4.

yfchong

Taikor aberdeen cash out yor fuiyoh

Likesung

148 posts

Posted by Likesung > 2023-11-25 11:48 | Report Abuse

Now China and Thailand both of them are take Malaysia gloves market share 5% looks like big 4 very difficult to grow liao

Likesung

148 posts

Posted by Likesung > 2023-11-25 11:51 | Report Abuse

Aberdeen bought since March more cheaper than now.

Chipee

210 posts

Posted by Chipee > 2023-11-25 15:06 | Report Abuse

THere's a reason Msia is top in gloves. I suspect is good Msia quality. China and Thailand took 5% was due to glove shortage during covid. They might come back for the same quality reason.

ChandranG

203 posts

Posted by ChandranG > 2 months ago | Report Abuse

Buy low sell high this Aberdeen. We should learn from them

ks5S

4,601 posts

Posted by ks5S > 2 months ago | Report Abuse

time to load up.
later aberdeen and epf regret for selling.

ryoyagod

120 posts

Posted by ryoyagod > 2 months ago | Report Abuse

aiming RM2 this year? 😁

yfchong

5,716 posts

Posted by yfchong > 2 months ago | Report Abuse

Good run.... see see supermax ada chill 😎 kah

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Abrdn, EPF and Director selling. ... sigh... why ler?

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Aik? ... EPF buy 700K units ...
Hmmm ... I think they are trading in and out. If net is buy price shld be up.
Hoping to buy at lower price I think.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Volume for today looks small for EPF or Abrdn to be involved.
Scenario may change after lunch.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Kanasai ... Supermax loss money affect Kossan meh?
THat;s why I said Kossan is better managed compare to all the glove companies.

teknikal

171 posts

Posted by teknikal > 2 months ago | Report Abuse

Support 1.50 followed by 1.35.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Hmmm ... I don't think so lor...

teknikal

Support 1.50 followed by 1.35.

zzzzz

1,761 posts

Posted by zzzzz > 2 months ago | Report Abuse

Below RM1.60 soon... hopefully rebound later

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

Cheapermx sabotaj lo

5354_

4,360 posts

Posted by 5354_ > 2 months ago | Report Abuse

Supermax why QR loss? Spoil gloves show.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Market take Msia glove industry as a whole. Wah lau .... each individual company is different ler. So Kossan must show good profits in subsequent quarters to prove that they are better glove company in Msia.

5354_

4,360 posts

Posted by 5354_ > 2 months ago | Report Abuse

Previously Kossan belong to top 4 or no 4 gloves company. After Covid-19 pandemic, Kossan become top 2? Even previous taikor TopGlove cannot make profit yet.

Posted by dirckcreak > 2 months ago | Report Abuse

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Posted by dirckcreak > 2 months ago | Report Abuse

I had to contact the hacker and showed them all the necessary prove they requested within 48hrs they retrieve all my lost USDT back. I am very happy and excited because I never thought I could recover my lost USDT. Here’s a contact for James Miller Recovery contact via Website: www.jamesmillerrecovery.solutionsthey or whatsApp number  +4(412) -3380 -0794.. they are reliable thanks

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Ranking change
1 Kossan
2 Hartalega
3 Supermax
4. Top Glove


5354_

Previously Kossan belong to top 4 or no 4 gloves company. After Covid-19 pandemic, Kossan become top 2? Even previous taikor TopGlove cannot make profit yet.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

@Chipee, don't mind to share on what basis of the ranking????

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

1 Kossan: Q3 Profit 41mill. Cash 2+bill.

2 Hartalega Q3 Profit 29mill. Cash 1.6+bill, Production capacity similar to Kossan. Use to be favourite for dividend payment but Harta cannot pay similar dividends anymore.
Harta used to be more efficient in production but the lower profit (comapre to Kossan) might suggest Kossan had stepped up their game in efficiency.

3 Supermax: Q3 make a loss. Cash 1.6+bill, Production capacity similar to Kossan. Mistake to invest in US. US is problematic with labour unions (high labour cost) and strict regulations.

4. Top Glove: Q3 make a loss. Lowest cash among the 4. Production capacity is high but utilization rate is low, hence overhead fixed cost is high causing net loss. Should demand goes back to pre-covid, then maybe TopGlove can reclaim no. 1.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

Thanks, but you have forgotten the basics......EPS, NTA and ROI.....just sitting on a pile of Cash won't work as they are burning cash.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Yeah. No doubt. But we look at how their strive in challenging situation. I would look at that EPS, NTA and ROI....during good times (pre-covid). And you only burn cash if you make a loss. Kossan and Harta are profitable. They are sitting on cash, making them easier to go through hard times and lower debt. Once profit are more consistent from quarter to quarter ... they can decide what to do with it ... share buy back, special dividend, green energy tech etc ....

BobAxelrod33

Thanks, but you have forgotten the basics......EPS, NTA and ROI.....just sitting on a pile of Cash won't work as they are burning cash.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

But as of now and uncertain market condition ... Kossan is sitting pretty.
We know most of the world is in negative GDP. Companies with strong cash position is very favourable.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

That's a very good point. Thx

Felix666888

Customer stock bought during Covid time either already expired or near expiry because medical glove`s shelf life is about 3 years. You will see demand back to pre Covid time very soon. ASP price will be going up due to demand normalized.

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

And another thing ... TopGlove is the biggest glove producer in the world.
In normal/good market condition and demand is strong, TopGlove is favourable becoz they somewhat decide the ASP. Being the biggest producer and economy of scale, they can make profit via volume play.

But in bad condition (low demand aka low volume), their high overhead cost becomes a problem. They have to maintain a certain ASP which becomes favourable to smaller players. In this situation, smaller players can achieve profit first. And if demand keep staying weak ... smaller players are favourable. Hartalega proves this fact to be true when the shutdown their Bestari Jaya plants. And the next quarter (Q3), Harta becomes profitable. So Kossan, Harta and Supermax is in sweet spot when it comes to production capacity size.... for current demand condition. I believe Supermax make a loss in Q3 bczo of their US venture.

ryoyagod

120 posts

Posted by ryoyagod > 2 months ago | Report Abuse

In a nutshell, Kossan and Harta are superior now 😁

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

Sssshhhhh....Andre......already spotted when he first posted!

Endgame

718 posts

Posted by Endgame > 2 months ago | Report Abuse

Abrdn buy bck

Endgame

718 posts

Posted by Endgame > 2 months ago | Report Abuse

Who sell ytd all kena trap or buy back again

Posted by Chipee02 > 2 months ago | Report Abuse

Why my Chipee account cannot comment liao?
This is my 2nd account. Wahlau ...cannot give analysis on stock here?

yfchong

5,716 posts

Posted by yfchong > 2 months ago | Report Abuse

fully valued ? until Aberdeen starts selling ?

5354_

4,360 posts

Posted by 5354_ > 2 months ago | Report Abuse

Covid-19: Health Ministry says cases up by 57.3%
https://www.thestar.com.my/news/nation/2023/12/03/covid-19-health-ministry-says-cases-up-by-573

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

Very funny lah still hoping new virus kah, even new virus also goreng up few few cent only after that taking profit liao

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Nobody is hoping for NEW VIRUS la.... Case goes up, usage of gloves goes up.
Common sense la.... Ohio and Europe increase cases of pneumonia due to bacteria. U think we hope for kids to die ... Wahlau eh!

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago |

Post removed.Why?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

....especially true for chimpanzees........(sounds familiar)

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

When I saw always sharing covid case lah I feel funny lo

ChandranG

203 posts

Posted by ChandranG > 2 months ago | Report Abuse

sharing is caring 😆 no need to hide from the bad news that occurs around the world

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize

Chipee

210 posts

Posted by Chipee > 2 months ago | Report Abuse

Ya. I know. Don't count on "new virus". Have to wait for another 100 years.
Waiting for oversupply during covid to finish and back to pre-covid orders/demands.

Likesung

Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize

klee

2,738 posts

Posted by klee > 2 months ago | Report Abuse

Spore covid cases breached 22k in nov.

Likesung

148 posts

Posted by Likesung > 2 months ago | Report Abuse

Even 200k no use lah they still go shopping , working, eating outside so who care about it

klee

2,738 posts

Posted by klee > 2 months ago | Report Abuse

This no use that no use,the fact is kossan has appreciated some 70% from its low below rm1.Not 7% not 17 %.Must be some no use fund buying it up.Lol.

Posted by Penang_lang > 2 months ago | Report Abuse

EPF belong to no use fund?

Posted by klee > 13 minutes ago | Report Abuse
Must be some no use fund buying it up.Lol.

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