Posted by InvestIncome > 2017-05-31 17:09 | Report Abuse

Lao Sai....

Posted by Lee1234 > 2017-06-01 11:24 | Report Abuse

6.19 now can buy in

Posted by meistsk3134 > 2017-06-16 21:40 | Report Abuse

let it drop 5 and buy again?

Posted by ivan9511 > 2017-07-04 03:45 | Report Abuse

this kossan got much potential than top gloves and supermax
keep buying now

Posted by tsyjj > 2017-07-06 12:26 | Report Abuse

Ppls keep buying....

Posted by Frontline > 2017-07-09 11:18 | Report Abuse

Latex price keep dropping.
Next weeks Latex price might plunge below 500 level.

Posted by ivan9511 > 2017-07-10 13:41 | Report Abuse

still waiting for 7ringgit
kossan is the best of rubber
limit up

Posted by ivan9511 > 2017-07-11 10:41 | Report Abuse

yes . kossan continue up

Posted by meistsk3134 > 2017-07-11 20:35 | Report Abuse

kossan and harta up up. topglov haiz

Posted by stockfish > 2017-07-12 10:20 | Report Abuse

may I know which website to check latex price?

Posted by tsyjj > 2017-07-12 11:18 | Report Abuse

Latex price dropped

Posted by tsyjj > 2017-07-12 11:18 | Report Abuse

Kossan good profits

Posted by AyamGoreng > 2017-07-14 16:29 | Report Abuse

kikikiki... good profits? beli beli beli jangan tak beli

Posted by tsyjj > 2017-07-17 16:58 | Report Abuse

Already bought.....

Posted by meistsk3134 > 2017-07-18 23:21 | Report Abuse

Bought 7? Can tp 8 not

Posted by shpg22 > 2017-07-19 12:42 | Report Abuse

Haha...don't trust the analyst target price too much. They have a hidden agenda. Kossan is easily the most expensive rubber glove stock now.

Posted by meistsk3134 > 2017-07-24 18:08 | Report Abuse

I think harta better

Posted by tsyjj > 2017-08-02 14:55 | Report Abuse

Buyer......... is back

Posted by Lim Julius > 2017-08-02 14:56 | Report Abuse

daily volume not much

Posted by tsyjj > 2017-08-02 22:39 | Report Abuse

The volume consider good enough

Posted by meistsk3134 > 2017-08-21 20:18 | Report Abuse

Tp 10?

Posted by InvestIncome > 2017-08-28 09:26 | Report Abuse

May I know why kossan share drop?
Profit taking?

Posted by meistsk3134 > 2017-08-28 20:50 | Report Abuse

Go thestar news bout rubber. I think got effect.

Posted by tsyjj > 2017-08-30 15:36 | Report Abuse

Will back to 7.30......

Posted by 55880955 > 2017-09-07 20:48 | Report Abuse

Sell kossan. Ringgit getting stronger.

Posted by meistsk3134 > 2017-09-11 20:26 | Report Abuse

Nope. Is usd weaker

Posted by tsyjj > 2017-09-12 08:12 | Report Abuse

Time to accumulate......

Posted by kelvin_ik4u > 2017-09-21 14:49 | Report Abuse

Time to accumulate Glove maker stock. Raw material - Latex bulk price significant drop to 5.16 from 5.90 (18th Sep) since last 4 days alone. Expected USD vs RM strengthen back to 4.30 to 4.33 due to US Fed stated hike US rate by coming Oct. Some more, Kossan already started commencing 3.0bil pcs since end July, additional 13% total vol increase vs last Q2'17 volume production. So, expect by year will see share price up tremendously in coming month then.

Posted by cscsam > 2017-09-21 14:55 | Report Abuse

investor buy down trend stock, smart investor buy up trend stock...

Posted by kelvin_ik4u > 2017-10-16 10:07 | Report Abuse

With the increase of Hartalega & Topglove share price due to better uprising, Kossan valuation is way cheaper now. Kossan growth rate is 30%+ till end 2018, similar to Hartalege. Don't forget Kossan is transforming, structure change to become more manufacturing lean, efficient & automation to Industry 4.0. Big opportunity is there.

Posted by kelvin_ik4u > 2017-11-06 10:24 | Report Abuse

I believe Kossan coming Qtr earning can hit RM55mil, EPS 8.5cent+, based on China uprise demand, plant 16 start commission end July-17 (13% growth), automation efficiency improve 80%+ and lower butadiene & latex bulk price vs last Qtr result.

On top of it, Kossan should announce & give more bonus share. Compare to Topglove & Hartalega, Kossan total share is the market is still small (Kossan 0.68mil vs Topglove 1.26mil vs Harta 1.65mil). Kossan CEO/mgmt should give out 1 bonus share for every 2 share held & 1 free convertible warrant for every 4 shares held by shareholders. The implementation of this proposal will definitely push up the share price due to more share liquidity in market.

Posted by gong_kia > 2017-11-07 10:31 | Report Abuse

kelvin_ik4u, any idea when is kossan qtr result release?

Posted by oxxxyxxx > 2017-11-07 19:04 | Report Abuse

I guess is 9cts for this qtr .. hope

Posted by gong_kia > 2017-11-08 10:17 | Report Abuse

oxxxyxxx: I guess is 9cts for this qtr ?
are u mean u guess 9nov for qtr result release?

Posted by oxxxyxxx > 2017-11-08 10:22 | Report Abuse

Eps 9cts

Posted by tsyjj > 2017-11-08 12:46 | Report Abuse

Quater report most release by 20th to 22rd. This quater very goods earning....

Posted by tsyjj > 2017-11-08 12:49 | Report Abuse

EPS 9 cent, wait n see.....

Posted by kelvin_ik4u > 2017-11-16 10:50 | Report Abuse

KE Trade Maybank raise Kossan target price to 9.10, based on superb outcoming Q317 result due to better on lower raw material cost & new capacity commercialised in 4Q17, expected +26% growth vs last Qtr result.
Expected Q317 result will be better/equal than EPS 9.0 cents.

Posted by tsyjj > 2017-11-16 12:38 | Report Abuse

Yes.

Posted by Ck Wong > 2017-11-16 12:44 | Report Abuse

@kelvin_ik4u ，thanks, can share the rpt here? tq..

Posted by kelvin_ik4u > 2017-11-16 13:39 | Report Abuse

November 16, 2017

Malaysia Industrials
THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD
SEE PAGE 6 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS
PP16832/01/2013 (031128)
Lee Yen Ling
lee.yl@maybank-ib.com
(603) 2297 8691

Kossan Rubber Industries (KRI MK)

New capacity under way
Raising TP; BUY the laggard
Upcoming 3Q17 results could be better on lower raw material costs and
we expect its new capacity in 4Q17 to support its earnings growth ahead.
Maintain our EPS forecasts, projecting 3-year EPS (2016-19) CAGR of 17%.
Given the certainty of the new capacity coming on board to provide the
growth and the present tight glove supply situation, we think the stock
deserves to re-rate to a higher multiple – we now peg a target of 24x on
2018 EPS (+1SD to mean; 19x previously), deriving a new TP of MYR9.10
(+26%). We upgrade the stock to BUY (from HOLD).

3Q17: Expect better earnings Kossan’s 3Q17 results will be released on 24th Nov (next Thursday). We think sales volume of gloves could be flattish QoQ as it is already running
at its full plant utilisation rate of c.85% and had zero new capacity to sell
in the quarter. However, margin may improve on lower raw material cost
(-11-16% QoQ), hence, we expect its earnings to be better in 3Q17
(2Q17: MYR46m, 3Q16: MYR34m, 1H17: MYR92m).

Ramping up Plant 16
Kossan has commercialised 6 lines at Plant 16 (total of 8 lines) in Nov
2017 and upon full commercialisation in Dec 2017, its capacity will rise
to 25b pcs p.a. (+14% from 22b pcs now). Given the present tight supply
environment, the new capacity from Plant 16 is already fully sold and
the capacity could be used for the production of higher margin gloves
(i.e. LowDerma glove). In 2018, Kossan will commercialise its Plant 17
(+1.5b pcs p.a. in 3Q18) and Plant 18 (+3b pcs p.a. in 4Q18).

Raising efficiency and reducing costs
Over the medium term, Kossan may see its margin expands as it raises its
productivity. For example, it plans to reduce its headcount substantially
to <2 workers/m pcs of gloves in 1-2 years (from 3 workers/m pcs now).
Also, it tries to manage its key costs more efficiently (i.e. raw materials,
utilities). We maintain our earnings forecasts, which have assumed for
volume growth of 10%/14%/12% for FY17-19 and slight margin expansion
of 0.8-0.9-ppt in FY18-19 (from FY17).

Posted by kelvin_ik4u > 2017-11-16 14:45 | Report Abuse

This target price of 9.10 is purely based on PE 24x only, compare to Hartalega it's PE is 35 right now. No doubt Hartalega is highly efficient compare to Kossan & top world leader for nitrile glove. In term of capacity glove growth % rate, Kossan expansion is same as Hartalega, up 30%+ by year end 2018 after plant 16, 17 & 18 fully commercialize. That will boost up Kossan PE market value to readjust to PE 30x, then it can hit beyond TP RM10 by year end if coming Q317 result is within 9cents range. Potential is there!

Posted by tsyjj > 2017-11-16 15:11 | Report Abuse

Agreed.

Posted by Kpin Yeoh > 2017-11-16 15:29 | Report Abuse

EPF massive selling last few weeks have been fully absorb by fund manager or may be some retailer. After fully loading in those stock what are the next action?

Posted by kelvin_ik4u > 2017-11-16 15:33 | Report Abuse

Refer to Kossan listed shareholder, now the 3rd biggest Kossan shareholder is Public mutual fund mgr, suddenly jump upside, overtaking KWAP become 3rd largest shareholder & buy over those EPF share sold.

Posted by Ck Wong > 2017-11-16 15:39 | Report Abuse

@kelvin_ik4u, when u see this, in 2016 annual report? no. 3 is not public mutual in 2016 annual report.
quote: now the 3rd biggest Kossan shareholder is Public mutual fund mgr

Posted by Ck Wong > 2017-11-16 15:40 | Report Abuse

sorry, *where, instead of when.

Posted by Ck Wong > 2017-11-16 15:41 | Report Abuse

what i can see in bursa latest shareholder list, kwap already held 5% and above, so kwap need to start report to bursa this month.

Posted by kelvin_ik4u > 2017-11-16 15:46 | Report Abuse

CK Wong, what u read is an old news report. Latest up-to-date, KWAP hold 2.8% only (4th shareholder rank), after they sell it. Before that, EPF hold ard 11.0% share holder, then keep on selling for last 1mth. All EPF share sold, it being absorb n buy over by Public mutual fund mgr, that why Kossan price slowly go up after fund mgr finish accumulate it. Now we only see the price start moving.

Posted by kelvin_ik4u > 2017-11-16 15:49 | Report Abuse

Major shareholders:
Kossan Holdings Malaysia Sdn. Bhd. ----- 51.1%
Employees Provident Fund --------- 8.9%
Public Mutual Bhd. --------- 5.4%