Posted by Chipee > 2 months ago | Report Abuse

Coming Friday. Hopefully.

Posted by kk7198 > 2 months ago | Report Abuse

Should have profit more than 40 mils.Buy now.

Posted by kk7198 > 2 months ago | Report Abuse

Finally got at below 2.00

Posted by kk7198 > 2 months ago | Report Abuse

Downside is not much.

Posted by ChandranG > 2 months ago | Report Abuse

Average up at RM2?

Posted by kk7198 > 2 months ago | Report Abuse

Quite safe to buy at thos level.

Posted by Patron > 2 months ago | Report Abuse

EPF is back !

Posted by ChandranG > 2 months ago | Report Abuse

...fall through Rm2 today. Q-ing at RM1.98

Posted by kk7198 > 2 months ago | Report Abuse

Looks strong. No goyang on Supermx QR.

Posted by TillyLovers > 2 months ago | Report Abuse

no, the counter drops to RM1.98. Might continue to further drop like no tomorrow.

Posted by ryoyagod > 2 months ago | Report Abuse

Are you sure, TittyLovers? Now, Kossan rebounds back to Rm2 alrdy

Posted by TillyLovers > 2 months ago | Report Abuse

RM2？ It is RM1.99.

Posted by ChandranG > 2 months ago | Report Abuse

give me more cheap price, I wanna collect. haha

Posted by Albukhary > 2 months ago | Report Abuse

The QR looks bad from outside, but after study in detailed, you will realize that actually it is not bad.
After remove the one-off impairment loss, actually Kossan operating profit is still the best.

From this QR we can confirmed that the worst for Glove Companies has been passed. Moving forward, it will only be better.

Posted by bb2ualways > 2 months ago | Report Abuse

Operating profit of RM39 million is consider very good achievement

Posted by Chipee > 2 months ago | Report Abuse

One-off impairment. But Operating Profit is within range Rm39mill. Good result. Better than Harta having Operating loss at a big gap. Kossan is improving production efficiency with automation hence the impairment. So I see better result 1Q24. Moreso, Nat Gas for March is below USD2. Net profit will be improved significantly 1Q24.

Posted by Chipee > 2 months ago | Report Abuse

Actually quite smart also. Report impairment loss for 2023 since that year already in the loss. Make 2024 high profitable year. As Harta reported, demand is picking up and nat gas (raw material) cost is coming down.

Posted by Chipee > 2 months ago | Report Abuse

On Macro analysis: USD is climbing higher against RM and US interest rate is at all time high. Fear is Msia might hv to increase interest rate. Thankfully Kossan is at full advantage. Export revenue (45%) is in USD and negligible debt level. With demand improving, I see better near term future for Kossan.

Posted by TillyLovers > 2 months ago | Report Abuse

The counter drops like no tomorrow.

Posted by Chipee > 2 months ago | Report Abuse

Wait to see the buyer.

TillyLovers

The counter drops like no tomorrow.

Posted by TillyLovers > 2 months ago | Report Abuse

Is that possible to buy below RM 1 next week?

Posted by Chipee > 2 months ago | Report Abuse

Yes yes ... it will fall to 25cents.... 😂😂😂
Come on man ... it made profit just slightly lower than last quarter. Kossan is recovering well. One-off impairment is just accounting record but no actual cash is spent. If you compare net operating cash flow between Q3 and Q4 2023, it's an increase of 73million. This Q4 result is actually good.

Posted by Chipee > 2 months ago | Report Abuse

Compare to Hartalega ... Harta revenue dropped 8% from last quarter.
Kossan revenue only dropped 0.8% from last quarter.

Kossan is in better position than Harta la ....

Posted by ChandranG > 2 months ago | Report Abuse

If got money, buy both 😁😁

Posted by TillyLovers > 2 months ago | Report Abuse

Kossan drops again today, no eyes to see

Posted by TillyLovers > 2 months ago | Report Abuse

Will close below RM 1.90 or above RM 2? Let guess.

Posted by ket4212 > 2 months ago | Report Abuse

ABRDN accumulate

Posted by ChandranG > 2 months ago | Report Abuse

ya, foreign fund starts collecting again

Posted by Chipee > 2 months ago | Report Abuse

Like I said "Wait to see the buyer."
Everytime price is suppressed, I notice a big buyer putting high volume buy.
See any desperate sellers taking the low price.

Posted by TillyLovers > 2 months ago | Report Abuse

Today the counter drops again

Posted by TillyLovers > 2 months ago | Report Abuse

Will Kossan break RM 1.90 today? Let guess the closing price today, RM1.93.

Posted by ket4212 > 2 months ago | Report Abuse

Tillylover buy how many lot kossan？

Posted by TillyLovers > 2 months ago | Report Abuse

I haven't buy yet. May be around RM 1 will enter.

Posted by TillyLovers > 2 months ago | Report Abuse

It seems my prediction is wrong. Now the price further drops to RM1.87

Posted by Chipee > 2 months ago | Report Abuse

Wanna buy, just buy. Wanna sell, just sell. No point guessing.
I'm just waiting for Q124 result coming in 2 months.
Let the price swing.

Posted by AhHuat168 > 2 months ago | Report Abuse

going downtrend now, better sell and wait at 1.5

Posted by Chipee > 2 months ago | Report Abuse

ARBN is buying. Nice.

Posted by ChandranG > 2 months ago | Report Abuse

Prepare to accumulate it again when it reaches RM1.80 🙂

Posted by ket4212 > 2 months ago | Report Abuse

ABRDN and KWSP accumulate

Posted by Chipee > 2 months ago | Report Abuse

2 big buyers are in.... Good. Clear up weak hands.

Posted by Chipee > 2 months ago | Report Abuse

You see what EPF is doing. EPF buys high volume and sell low volume. They are pushing the price down when selling. So they can buy back at lower price. Playing with sentiment.

Posted by ryoyagod > 2 months ago | Report Abuse

Big funds know how to buy low

Posted by ChandranG > 2 months ago | Report Abuse

Follow EPF chipping in, hehe

Posted by carimakan > 2 months ago | Report Abuse

time to buy ka? prepare wang besar skit.. baru syiok maa!

Posted by dompeilee > 1 month ago | Report Abuse

If I didn't sell down 76% of my accumulated stake above $2 recently, my paper profit would have vanished by now....fortunately I crystallized 428.28 of net profit on those 4 partial sales!

Posted by Chipee > 1 month ago | Report Abuse

Best Buy13020
Best Sell 6061

More bid to buy than sell by more than double... and price is depressed. Weird.

Posted by Chipee > 1 month ago | Report Abuse

All glove companies are up except Kossan?
Big players manipulating the price.

Posted by ryoyagod > 1 month ago | Report Abuse

Quite weird... Kossan didn't move up much after ABRDN and EPF collected it

Posted by Chipee > 1 month ago | Report Abuse

Best Buy 20638
Best Sell 6840

Buy bid is 3 times Sell. EPF and ARBN is buying for sure.

Posted by dompeilee > 1 month ago | Report Abuse

Well, I just SOLD down my remainder stake @ the $1.87 open down to the last 388 shares, which I will likely hold on for posterity as a sentimental reminder of a rare 100% win record on a glove stock!😊🎱🎼