KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.13

Today's Change

+0.01 (0.47%)

Day's Change

2.12 - 2.14

Trading Volume

35,600


19 people like this.

15,971 comment(s). Last comment by Chipee 11 hours ago

troy88

2,912 posts

Posted by troy88 > 2020-04-29 10:01 | Report Abuse

Am just waiting to get rid of this deadwood glove stock. Supposed to be one of the big 3 glove stock. Big 3 my ass!

Value888

623 posts

Posted by Value888 > 2020-04-29 10:17 | Report Abuse

best value-buy for Glove stock now

Posted by alexlee06037 > 2020-04-29 11:02 | Report Abuse

Kossan just wait a big shark to come in sure will rise and Incoming QR for sure make profit. Buy while it cheap

dickson2u

230 posts

Posted by dickson2u > 2020-04-30 13:54 | Report Abuse

When is kossan QR release date?

JN88

11,670 posts

Posted by JN88 > 2020-04-30 14:25 | Report Abuse

off course is glove counter!!!!!!!!!! 195 contries keep asking glove from Malaysia...you think le....

troy88

2,912 posts

Posted by troy88 > 2020-04-30 14:31 | Report Abuse

Glove counter is good buy but prices are very high. I bought Kossan because I thought it has potential but it's growth is so slow that I am regretting buying it. If I compare it to Harta and Topglove which I also own a few, I think Kossan is pretty pathetic. Every week I am hoping it can break the 5.60 barrier but it is still stuck at that level. I hope other Kossan investors here can give me some optimism.

Rf888

551 posts

Posted by Rf888 > 2020-04-30 17:04 | Report Abuse

One things very worry about is kossan direct and company throw many share, and the last prospect write future like no very good. Becaful kossan. Go see the prospect of kossan, big 4 company only kossan like tat, really donno how, only kossan revenue no history high, means company glove demand is less compare other comoany. At this time throw super huge share, big 4 company only kossan look like lack of energy. Quarter report always have littlebit negative, of course this is my feeling.

Rf888

551 posts

Posted by Rf888 > 2020-04-30 17:06 | Report Abuse

Frank tan: i agree your feeling, kossan give me the feeling is like died fish, do everything also slow, not attractive like harta, topglove and supermax. Let see how the result announced.

kt_invest

356 posts

Posted by kt_invest > 2020-04-30 18:57 | Report Abuse

"Plant 18 (2.5bn gloves/annum) have fully commissioned
in Nov-19. Thereafter, Plant 19 (3.0bn gloves/annum) will now begin
commissioning in Jan-20. The additional capacity from
Plant 19 will increased Kossan’s annual capacity by 10.3% to 32.0bn gloves
in 2020."

kt_invest

356 posts

Posted by kt_invest > 2020-04-30 19:09 | Report Abuse

1. Kuala Langat land disposal will gain RM35-39m, disposal completion target 1QFY21.
2. Bidor site, 1st plant expected operational FY21F. Total expansion duration 8yrs, costing RM1.5bn. Bidor production capacity will be 34bn. Total capacity will rise to 65bn in 2028.

Rf888

551 posts

Posted by Rf888 > 2020-04-30 19:52 | Report Abuse

2028 dont want say first, we need be smart investor. During covid 19 if kossan cant give us good result no point we invest it. Now global market need glove, demand are very high. Kossan got a big problem is new factory always delay, big 4 only kossan got this problem. And during this honey moon time director and company throw huge share, means director also no confidence on his company. Big 4 company only KOSSAN many pattern, new factory always delay due for many reason. Got bad signal feeling kossan like last time all glove counter up, only kossan because of new factory delay become orphan. Prospect like lack of power, big challenger and dont hope covid 19 will big huge profit. Really no eye to see.

dickson2u

230 posts

Posted by dickson2u > 2020-04-30 22:21 | Report Abuse

@Pang72 Any comment for Kossan? want to hear your voice on this.

TuhanSaham

106 posts

Posted by TuhanSaham > 2020-04-30 23:21 | Report Abuse

why not switch to topglove

Rf888

551 posts

Posted by Rf888 > 2020-05-01 00:54 | Report Abuse

Big 4 also have at hand, only worry about kossan. If director and company no throw huge share than is ok. The problem is at this time throw so many share, can you advise me some reason why throw so many share?

mf

28,187 posts

Posted by mf > 2020-05-01 00:58 | Report Abuse

Stocks extend month-end drop, Dow now down 400 points

Posted by alexlee06037 > 2020-05-01 11:53 | Report Abuse

today malaysia stock no running???

dickson2u

230 posts

Posted by dickson2u > 2020-05-02 10:13 | Report Abuse

wonder why EPF keep sellthe share....

ikan bilis like us buy the share but smart fund manager sell the share....lol....thats my epf money ooi

Posted by fightingdragons > 2020-05-02 17:57 | Report Abuse

EPF usually exits as substantial shareholder before glove stock moves up. You can check the records for Top Glove for the past 6 months - EPF exits before uptrend. Doesn't mean they don't own the stock, just that they are not deemed substantial shareholder so probably don't need to report transactions and can trade freely (my assumption). As for Kossan... looking at historical, it is definitely the odd one vs the rest. Top Glove and Harta are the bullish stocks. Supermax is the more speculative and explosive one. Kossan is the laggard and odd child. BUT -- so far it has gone up along with Top Glove and Harta during bull runs. So for this reason, I would hold on to it. If possible, it would be better to hold a basket of different glove stocks with lower weightage on Kossan but I won't ditch it. You may make less than if you had bought the other 3 glove stocks but will still make money la.

Posted by fightingdragons > 2020-05-02 18:00 | Report Abuse

E.g. EPF ceased to be substantial shareholder in Top Glove on 10 April, and since then it has gone up 12%.

JN88

11,670 posts

Posted by JN88 > 2020-05-02 22:41 | Report Abuse

Most Undervalue counter among gloves....PE at least 40....PE 31 is too low.

Jay2020

560 posts

Posted by Jay2020 > 2020-05-04 08:41 | Report Abuse

Sleeping giant ? Kossan

Frank Tan

533 posts

Posted by Frank Tan > 2020-05-04 09:43 | Report Abuse

This morning lari kuat kuat,faster than two big bro.
TP6 by this week

avatar KL

182 posts

Posted by avatar KL > 2020-05-04 11:07 | Report Abuse

U turn pulak

Rf888

551 posts

Posted by Rf888 > 2020-05-04 11:14 | Report Abuse

Because US dji there continue drop two days already, now future continues drop.

Rf888

551 posts

Posted by Rf888 > 2020-05-04 11:15 | Report Abuse

Kossan need result for prove just can up

troy88

2,912 posts

Posted by troy88 > 2020-05-04 11:59 | Report Abuse

Sold at 5.68. Tiny profit but as I expected this counter after go up then very fast come down. Tired of this yoyo glove counter. Gostan fits the name of this stock. Good luck to those patient Kossan investors.

Rf888

551 posts

Posted by Rf888 > 2020-05-04 12:29 | Report Abuse

Supermax keep buying share, kossan keep throw the share, make market worry, that why kossan share price keep dropping.

troy88

2,912 posts

Posted by troy88 > 2020-05-04 12:35 | Report Abuse

Yes, all the attention is on the Supermax, Comfort and Ruberex. I wanted to buy Comfort when it was around 1 ringgit but in the end went with Kossan the bigger player. I made the wrong choice coz Comfort has jumped up by 50% and Kossan is still ding dong. Maybe Kossan will fly later but I am tired to waiting.

Posted by alexlee06037 > 2020-05-04 13:35 | Report Abuse

I will keep kossan I 4.8 so I no worry. Comfort supermx and ruberex, I will consider comfort.

Value888

623 posts

Posted by Value888 > 2020-05-04 14:08 | Report Abuse

Kossan value-buy

Talib

536 posts

Posted by Talib > 2020-05-04 14:23 | Report Abuse

tp 10

Rf888

551 posts

Posted by Rf888 > 2020-05-04 14:43 | Report Abuse

Let see how kossan coming quarter result. If good, than the share price will fly. If bad, than.......i want to see kossan director sold so many share in this golden time is what purpose.

troy88

2,912 posts

Posted by troy88 > 2020-05-04 15:17 | Report Abuse

Wow, drop so much. Now I'm tempted to buy back. Ding dong stock..haha.

Kenzotaj

182 posts

Posted by Kenzotaj > 2020-05-04 15:21 | Report Abuse

when is quarter result out ?

pdchs

572 posts

Posted by pdchs > 2020-05-04 15:32 | Report Abuse

Kossan =Pengsan

Rf888

551 posts

Posted by Rf888 > 2020-05-04 16:05 | Report Abuse

Because kossan always is the slowly company. Before all 3 company share up but kossan never up because expansion delay. Kossan have a big problem is new factory always delay, delay delay. But anywhere now kossan pe compare supermax and rubberex is the lowest. Kossan pe now is 31.18, supermax is 33.43, rubberex pe is 39.1. Rubberex is very small company but is expensive than kossan, so now you need invest who?

troy88

2,912 posts

Posted by troy88 > 2020-05-04 16:11 | Report Abuse

At first I also thought Kossan would perform well as the third big player with quite low PE ration after Topglove and Harta. But it has underperformed and the movement of its prices is very erratic compared to other glove stocks. It made me wonder what the hell is going on with this stock. Today I gave up and let it go. I hope I don't regret it but wish you guys good luck.

Lychien20

271 posts

Posted by Lychien20 > 2020-05-04 18:39 | Report Abuse

yes, gostan bcome 2nd tier soon. haha....

Value888

623 posts

Posted by Value888 > 2020-05-05 13:52 | Report Abuse

Collect more while you can.

Rf888

551 posts

Posted by Rf888 > 2020-05-05 15:25 | Report Abuse

Kossan now really very cheap,but wait the result first.

avatar KL

182 posts

Posted by avatar KL > 2020-05-05 16:13 | Report Abuse

Kossan really likes to test your patience . The Q report is delayed in June. Guess this month is a waiting month.

dickson2u

230 posts

Posted by dickson2u > 2020-05-05 16:16 | Report Abuse

@avatar KL

Where you get the source the QR result delay?

avatar KL

182 posts

Posted by avatar KL > 2020-05-05 16:34 | Report Abuse

correction, Q report not affected but its the submission og annual report. I am sorry .

mf

28,187 posts

Posted by mf > 2020-05-05 22:09 |

Post removed.Why?

Talib

536 posts

Posted by Talib > 2020-05-06 12:29 | Report Abuse

continue buy, next tp is 6.0, 7.0, 8.0

Ntpboon

664 posts

Posted by Ntpboon > 2020-05-06 15:03 | Report Abuse

闲来无事...............
来首打油.....................


新冠病毒真厉害?
超级大国也无奈?
增购十万裹屍袋?
手套是买还是卖?

Frank Tan

533 posts

Posted by Frank Tan > 2020-05-06 15:45 | Report Abuse

Hahaha...Today all glove stock pengsan,only Kossan tak pengsan

Posted by alexlee06037 > 2020-05-06 15:48 | Report Abuse

Kossan today abit too strong...

Rf888

551 posts

Posted by Rf888 > 2020-05-06 16:33 | Report Abuse

Supermax and kossan already sleep very long time, if wake up, i can told you is very strong. Kossan now pe is the cheaper want.

Posted by alexlee06037 > 2020-05-06 17:56 | Report Abuse

so what is your target price...

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