KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.11

Today's Change

-0.01 (0.47%)

Day's Change

2.10 - 2.14

Trading Volume

1,189,300


19 people like this.

15,971 comment(s). Last comment by Chipee 13 hours ago

meistsk3134

2,368 posts

Posted by meistsk3134 > 2019-02-19 23:13 | Report Abuse

topglov drop? noob ?

wakarimas

1,043 posts

Posted by wakarimas > 2019-02-19 23:32 | Report Abuse

market look bad on glove counter. Kossan really bad luck , bomb at the down season....

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:47 | Report Abuse

careful, this is goreng stock, can drop below 4 again

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:48 | Report Abuse

yesterday who bought at 4.2 stuck

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:48 | Report Abuse

usd straightening...

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:48 | Report Abuse

strengthening

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:49 | Report Abuse

kossan always got no volumn than top glove, got reason one

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:50 | Report Abuse

top glove who bought at 6 also need be careful

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:53 | Report Abuse

go in only at 3.8 to 3.90, save haven

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 08:53 | Report Abuse

safe

meistsk3134

2,368 posts

Posted by meistsk3134 > 2019-02-20 15:48 | Report Abuse

glove have good future. buy low sell high

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 20:27 | Report Abuse

jialat, how come can't drop below 4. ....sienz d

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-20 20:28 | Report Abuse

I shift to vs play play first baru come here later. noob counter.

Infinite

128 posts

Posted by Infinite > 2019-02-20 22:35 | Report Abuse

Shake out weak holders, then start climming, no reason down at this moment

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-21 11:46 | Report Abuse

waiting at 3.90, cannot be can't reach, USD 4.07 d

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-21 11:46 | Report Abuse

top glove also will be lower than 5, I don't trust kossan can tahan above 4

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-22 19:41 | Report Abuse

kossan geng, really can tahan than top glove.I think I missed something in my analysis

Yi Heng

246 posts

Posted by Yi Heng > 2019-02-24 19:45 | Report Abuse

tys capital, tahan first...dont all in

icecool

4,894 posts

Posted by icecool > 2019-02-26 10:34 | Report Abuse

now below 4 why no all in ?

titus

4,159 posts

Posted by titus > 2019-02-26 12:35 | Report Abuse

normal ma....when price @ 4.10, say rm4 will all in, when drop to rm4, then say Rm3.90 will all in. forever to discount 1 loh......uf drop till 2.50 also later will shout hope it drop to 2.40 and will all in.

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-27 13:26 | Report Abuse

jialat 2.95 Macth. cry

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-27 13:28 | Report Abuse

my advice, u guys Q at 3.7

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-27 13:28 | Report Abuse

fcking match la, zzzz

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-27 13:29 | Report Abuse

sienz

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-27 13:29 | Report Abuse

trap everywhere

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2019-02-28 19:50 | Report Abuse

OMG

titus

4,159 posts

Posted by titus > 2019-03-04 17:58 | Report Abuse

Match also cry ah? Match means good ma. Drop by more la.u already say is a gd company. Dun belie in ur own statement

Y2016

165 posts

Posted by Y2016 > 2019-03-04 18:41 | Report Abuse

Bought 1,000 unit at 3.82 :-)

wakarimas

1,043 posts

Posted by wakarimas > 2019-03-05 18:43 | Report Abuse

laosai...... good result, good prospect also laosai. The market really not logic....

dlau8899

915 posts

Posted by dlau8899 > 2019-03-05 18:53 | Report Abuse

Rebound as soon....

tan81

86 posts

Posted by tan81 > 2019-03-06 08:03 | Report Abuse

Cut loss?

nckcm

2,726 posts

Posted by nckcm > 2019-03-06 08:24 | Report Abuse

Ya cut loss. This year is OnG year

Posted by 129055444514385 > 2019-03-06 11:52 | Report Abuse

why did epf continue to buy kossan? any special div, merger or acquisition?

EMPLOYEES PROVIDENT FUND BOARD 28-Feb-2019 Acquired 968,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Feb-2019 Acquired 253,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Feb-2019 Acquired 103,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 22-Feb-2019 Acquired 482,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-Feb-2019 Acquired 172,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Feb-2019 Acquired 1,865,100 0.000 View Detail

titus

4,159 posts

Posted by titus > 2019-03-06 12:13 | Report Abuse

EPF plenty of money le. The above purchase not even 0.01% of epf piggy bank. Mayb it is less than 1% of wht epf is holding in kossan. I do have some kossan. Did not sell or buy at this moment and if it correct 10%, i buy abit more. correct 20%. I buy more abit. Correct 30%......can sai lang kua....hehe....kiddin la

Posted by 129055444514385 > 2019-03-06 13:04 | Report Abuse

hopefully, made a good prediction :)

Reaffirm BUY Call and TP of RM5.15
We tweak our forecast to incorporate the performance in 4QFY18. However, we are maintaining our BUY call and 12-month TP of RM5.15 (based on an unchanged 27x 2019E PER), as we still believe in Kossan’s growth prospects. Kossan also remains our top BUY pick for the sector and country.

Source: Affin Hwang Research - 19 Feb 2019




Recent Prices
Date Open Range Close Change Volume
05/03/2019 3.79 3.75 - 3.85 3.75 -0.05 (1.32%) 611,400
04/03/2019 3.83 3.80 - 3.85 3.80 -0.05 (1.30%) 460,500
01/03/2019 3.88 3.83 - 3.91 3.85 -0.03 (0.77%) 656,200
28/02/2019 3.98 3.84 - 3.98 3.88 -0.09 (2.27%) 1,918,200
27/02/2019 3.98 3.94 - 3.98 3.97 -0.01 (0.25%) 932,400
26/02/2019 3.94 3.93 - 3.99 3.98 +0.03 (0.76%) 715,000
25/02/2019 4.01 3.93 - 4.01 3.95 -0.06 (1.50%) 856,700
22/02/2019 4.05 3.97 - 4.05 4.01 -0.04 (0.99%) 992,400
21/02/2019 4.05 3.99 - 4.05 4.05 0.00 (0.00%) 833,100
20/02/2019 4.02 4.01 - 4.09 4.05 +0.05 (1.25%) 2,587,000
19/02/2019 4.10 3.98 - 4.20 4.00 0.00 (0.00%) 3,691,600

Posted by 129055444514385 > 2019-03-06 14:12 | Report Abuse

EPF continues to buy more and more, takut apa bossku :) shareholdings in kossan dah melebihi 7% tapi masih beli :)

[KOSSAN] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD on 05-Mar-2019
Stock [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD
Announcement Date 05-Mar-2019
Substantial Shareholder's Particular:
Name EMPLOYEES PROVIDENT FUND BOARD
Details of Changes:
Currency -
Date of Change Type Number of Shares
28-Feb-2019 Acquired 968,500
Registered Name CITIGROUP NOMINEES (TEMPATAN) SDN BHD
Nature of Interest Direct Interest
27-Feb-2019 Acquired 253,700
Registered Name CITIGROUP NOMINEES (TEMPATAN) SDN BHD
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares ORDINARY SHARES
Reason OPEN MARKET TRANSACTION
Total no of securities after change
Direct (units) 97,656,800
Direct (%) 7.64
Indirect (units) 0
Indirect (%) 0.00
Total (units) 97,656,800
Total (%) 7.64
Date of Notice 01-Mar-2019

Posted by 129055444514385 > 2019-03-06 14:13 | Report Abuse

buy some when others are fearful... :)

Posted by 129055444514385 > 2019-03-06 14:47 | Report Abuse

kossan will make more profits if really become a reality :)

Ringgit seen at 4.15 against US dollar by end-2019 — Bank of America Merrill Lynch
Tan Xue Ying

theedgemarkets.com

March 06, 2019 12:11 pm +08



KUALA LUMPUR (March 6): Bank of America Merrill Lynch sees the ringgit weakening to 4.15 against the US dollar by year-end as the Malaysian currency is deemed sensitive to China's economic growth story.

Bank of America Merrill Lynch director Rohit Garg, however, said Malaysia's stable exports are expected to mitigate the ringgit's weakness. He said Malaysia is the only country that has not seen much downward pressure on exports, but instead benefits from the trade diversion due to the US-China trade tension.

He said this is evident especially in Malaysia's electronic and electric exports.

"For Malaysia, things have actually turned out to be better than what I was actually expecting. We are not really expecting much weakness in the ringgit. There will be a little weakness as it is definitely a bit more sensitive in terms of how China growth actually evolves.

"From current levels, we are expecting the ringgit to weaken to 4.15 (against the greenback) by the end of the year," he said during a panel session at the Palm & Lauric Oils Price Outlook Conference & Exhibition 2019 here today.

At 11:26am today, the ringgit weakened to 4.0883 against the US dollar after China announced yesterday its economic growth forecast revision.

Reuters reported that China lowered its economic growth target for this year to between 6% and 6.5%, as expected, from around 6.5% last year. It was reported that China offered more stimulus, including cuts in taxes and social security fees, increases in infrastructure investment and lending to small firms.

Posted by 129055444514385 > 2019-03-06 16:04 | Report Abuse

good for EPF... if go lower.... can sapu more at lower price and then sell higher in future to make profits for us (EPFholders) :)

dlau8899

915 posts

Posted by dlau8899 > 2019-03-06 18:48 | Report Abuse

Going up as soon

Posted by 129055444514385 > 2019-03-07 09:23 | Report Abuse

This research article will move the price today

Affin Hwang Research retains Overweight on rubber gloves

Posted by 129055444514385 > 2019-03-07 09:40 | Report Abuse

Look quite solid, no wonder epf continues to buy kossan shares.

Kossan Rubber Industries

Kossan Rubber Industries is a Kuala Lumpur based public limited company engaged in manufacture, sale, and export of rubber products.[1] It was founded by Dato’ Lim Kuang Sia in 1979.[2]

Kossan Rubber Industries
Type
Public
Industry
Industrial and Medical equipments
Founded
1979
Founder
Dato’ Lim Kuang Sia (Tan Sri Dato’)
Headquarters
Malaysia
Owner
Kossan Holdings (M) Sdn Bhd
Website
kossan.my
Company Overview

The company was founded in 1979 by Tan Sri Dato’ Lim Kuang Sia.[3][4] They initially produced cutlass bearing, and started manufacturing gloves in 1989. Today it has a production capacity of 25 billion pieces annually.[3][5][6] Its product segments include; Technical Rubber Products, Medical Gloves, Cleanroom Products and others.[1][7] Its subsidiaries are;

Doshin Rubber Products (M) Sdn. Bhd. (1984)
Quality Profile Sdn. Bhd.
Premium Medical Products Sdn. Bhd.
Kossan Latex Industries (M) Sdn. Bhd. (1988)
Ideal Quality Sdn. Bhd.
Cleanera (M) Sdn. Bhd
Top Calibre Sdn. Bhd.
Kossan International Sdn. Bhd.
Normandin Pacific Holdings Corp.
Kossan Gloves Sdn Bhd.
Hibon Corporation Sdn. Bhd.(1977)
Cleanera HK Limited
KISB Asia Pacific Sdn. Bhd.(2010)
Kossan Industries Sdn. Bhd.
Kossan Japan Rollers Sdn. Bhd
Kossan is one of the largest producer of disposable latex and nitrile gloves in Malaysia, the second largest in the world. They export to over 190 countries.[8][7] They are ISO 13485:2003, EN ISO 13485:2012, ISO 13485:2003-CMDCAS and ISO 9001:2008 certified[1] and is listed in Kuala Lumpur Stock Exchange.[5][3]

Their revenue in 2017 was RM 1.96 billion and net profit was RM182.06 million.[3][8]

Partnerships

In 2017, the subsidiary of KRI, Doshin Rubber Products entered into a partnership with University Technology MARA for mutual sharing of resources and expertise.[9]

dlau8899

915 posts

Posted by dlau8899 > 2019-03-07 09:44 | Report Abuse

Rebound

Posted by 129055444514385 > 2019-03-07 10:50 | Report Abuse

no wonder EPF continues to sapu the shares :)

Tuesday, 5 Mar 2019

5:46PM KOSSAN EMPLOYEES PROVIDENT FUND BOARD (1,222,200 units Acquired)


Friday, 1 Mar 2019

5:52PM KOSSAN EMPLOYEES PROVIDENT FUND BOARD (103,900 units Acquired)


Wednesday, 27 Feb 2019

5:36PM KOSSAN EMPLOYEES PROVIDENT FUND BOARD (655,200 units Acquired)


Monday, 25 Feb 2019

5:43PM KOSSAN EMPLOYEES PROVIDENT FUND BOARD (2,007,400 units Transacted)


Thursday, 21 Feb 2019

5:34PM KOSSAN OTHERS


Wednesday, 20 Feb 2019

5:18PM KOSSAN EMPLOYEES PROVIDENT FUND BOARD (245,500 units Transacted)


Tuesday, 19 Feb 2019

5:54PM KOSSAN Financial year end net profit 205.300 million (increased 11.43%)

Posted by 129055444514385 > 2019-03-07 11:58 | Report Abuse

Epf is buying it continuously, short sellers tak berani sentuh, epf is very cash rich

paperplane

21,625 posts

Posted by paperplane > 2019-03-07 13:31 | Report Abuse

Wow

Posted by 129055444514385 > 2019-03-07 13:55 | Report Abuse

On the way back to rm4 & above kot? :)

Date Close

????
06/03/2019 3.73
05/03/2019 3.75
04/03/2019 3.80
01/03/2019 3.85
28/02/2019 3.88
27/02/2019 3.97
26/02/2019 3.98
25/02/2019 3.95
22/02/2019 4.01

YF24

1,224 posts

Posted by YF24 > 2019-03-07 17:52 | Report Abuse

fake rebound will u turn : )

tan81

86 posts

Posted by tan81 > 2019-03-07 17:53 | Report Abuse

Epf non stop adding...pricr also still stuck...
Any idea?

wakarimas

1,043 posts

Posted by wakarimas > 2019-03-07 21:05 | Report Abuse

the price fall like hell even though the good result. But the future seems promising. Keep for 1 year or longer , sure can see profit.

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