KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.12

Today's Change

-0.08 (3.64%)

Day's Change

2.06 - 2.19

Trading Volume

28,257,300


19 people like this.

15,971 comment(s). Last comment by Chipee 7 hours ago

Aramco

1,560 posts

Posted by Aramco > 2020-05-21 19:04 | Report Abuse

TOP FOUR GLOVE PE , EPS and MARKET CAPITALIZATION


Top Glove 2.568 B PE 79 - RM 11.66 eps 4.52 sen---------(RM 29.954 B)
Harta----- 3.385 B PE 75 - RM 10.00 eps 2.05 sen latest -(RM 33.851 )
Kossan--- 1.278 B PE 48 - RM 08.63 eps 5.07 sen latest -(RM 11.037 B)
Supermx-- 1.36 B PE 25 - -RM 05.40 eps 5.40 sen latest -(RM 7.345 B)


SUPERMAX the best among the top four and the cheapest share price and valuation
1)EPS the highest
2)Share prices the cheapest
3)PE lowest

OBM OBM OBM

pang72

49,710 posts

Posted by pang72 > 2020-05-21 19:07 | Report Abuse

Continue to glove stock..

Harta sold out then up to 10..

pfsurewin

223 posts

Posted by pfsurewin > 2020-05-21 19:07 | Report Abuse

good.. tomorrow gap up _ tambah. gap down lagi tambah. fly kossan.

pang72

49,710 posts

Posted by pang72 > 2020-05-21 19:07 | Report Abuse

By the way, good result in next quarter and then...

pang72

49,710 posts

Posted by pang72 > 2020-05-21 19:08 | Report Abuse

The glove story still lying around big 4!!

Energiser

251 posts

Posted by Energiser > 2020-05-21 19:08 | Report Abuse

Looks like now depend on Supermax and Topglove to outperform!

pang72

49,710 posts

Posted by pang72 > 2020-05-21 19:09 | Report Abuse

Supermx and top glove will be super performer..
Harta and kossan will be moderate but still up double..

Hush77

1,260 posts

Posted by Hush77 > 2020-05-21 19:19 | Report Abuse

QTRLY NET PROFIT 64.8 MILLION RGT

* QTRLY REVENUE 611.5 MILLION RGT

CONFIDENT FY2020 WILL BE STRONG GROWTH YEAR

* SEES DEMAND FOR PROTECTIVE GLOVES TO REMAIN ROBUST

SHC70

482 posts

Posted by SHC70 > 2020-05-21 19:20 | Report Abuse

https://www.theedgemarkets.com/article/hartalega-tops-rm10-covid19-drives-glove-shares-seemingly-relentless-rise

“The glove companies have just gone exceedingly high and it is really beyond fundamentals. Unless the results are good, the push now [in share prices] is unsustainable,” Inter-Pacific Securities Sdn Bhd head of research Victor Wan told theedgemarkets.com.

Junior7

135 posts

Posted by Junior7 > 2020-05-21 19:22 | Report Abuse

Add more if got chance tmr.
Harta is the best example....
Glove sector is so hot now.
All glove counters will fly if any one of them record superb result...
Daiko/Topglove will lead the show...
Next Q all gloves are Daiko
Currently no one better than glove counter^^
2 cents comments

Hush77

1,260 posts

Posted by Hush77 > 2020-05-21 19:27 | Report Abuse

Kossan i think just gone up ~50 % from 5.5 to 8.6..
Not as much as the rest like comfort , harta, top glove and super..
Possible $10 if the next few qtrs good..


CONFIDENT FY2020 WILL BE STRONG GROWTH YEAR 

* SEES DEMAND FOR PROTECTIVE GLOVES TO REMAIN ROBUST

Rf888

551 posts

Posted by Rf888 > 2020-05-21 19:29 | Report Abuse

Actually you all can sold all tmr like harta, after sold harta now RM10, kossan after sold, RM9. Halo, use brain think, this quarter results is jan to march. All ppl also now covid 19 the world start at March. Than when result just can see best performance?

Rf888

551 posts

Posted by Rf888 > 2020-05-21 19:30 | Report Abuse

Kossan revenue and net profit history high leh, what you expect?

Kenzotaj

182 posts

Posted by Kenzotaj > 2020-05-21 19:34 | Report Abuse

GenM also making loss.. where else to park money but gloves..

Rf888

551 posts

Posted by Rf888 > 2020-05-21 19:35 | Report Abuse

Bro, genm you brain think comfirm lose money,dont play bro

Hush77

1,260 posts

Posted by Hush77 > 2020-05-21 19:37 | Report Abuse

The result is actually much better than say comfort, while comfort has gone up 300% from 50 sen to near $3..
Supermax is the outlier result, better than all

mf

28,187 posts

Posted by mf > 2020-05-21 19:37 | Report Abuse

COVID-19: Zon Hijau Terengganu bertukar, jangkitan baharu di Kemaman
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PUTRAJAYA: Selepas hampir sebulan berstatus Zon Hijau, Terengganu kini bertukar Zon Kuning, susulan jangkitan terbaharu COVID-19 dikesan membabitkan seorang pekerja syarikat cari gali minyak dari Kemaman.

Posted by noobietrader69 > 2020-05-21 19:43 | Report Abuse

SUPERMAX OBM SAPU ALL OF U

Posted by noobietrader69 > 2020-05-21 19:46 | Report Abuse

Pay more for less profit? Why wanna buy more expensive shares that make less money? USE YOUR BRAIN TO THINK

Posted by noobietrader69 > 2020-05-21 19:47 | Report Abuse

Tmr kossan redddddddddddddddddddddddddddddddddddddd. everyone welcomed @ supermax

pang72

49,710 posts

Posted by pang72 > 2020-05-21 19:49 | Report Abuse

Tmr is another golden opportunity to hook kossan like in harta.... Morning drop then sapu kau kau...

After Raya, 9 to 10.....

lhh99s

97 posts

Posted by lhh99s > 2020-05-21 19:55 | Report Abuse

pls go down i would like to buy in

lhh99s

97 posts

Posted by lhh99s > 2020-05-21 19:55 | Report Abuse

yea @pang72 i following u

mf

28,187 posts

Posted by mf > 2020-05-21 19:55 | Report Abuse

Kluster baharu COVID-19 dikesan di Depot Tahanan Imigresen, Bukit Jalil



21/05/2020 06:16 PM
PUTRAJAYA, 21 Mei -- Kementerian Kesihatan (KKM) mengesan satu lagi kluster baharu membabitkan warga asing di Depot Tahanan Imigresen di Bukit Jalil, Kuala Lumpur, kata Ketua Pengarah Kesihatan, Datuk Dr Noor Hisham Abdullah.

SuperPanda

11,431 posts

Posted by SuperPanda > 2020-05-21 20:05 | Report Abuse

glove will be the theme for this year, pandemic will stay around until vaccine found or case near to 0 ... and while waiting that hope Trump wont prank with vaccine found news..

until all above 3 happens, its hari raya for glove holders

Posted by EatCoconutCanWin > 2020-05-21 20:05 | Report Abuse

Nothing to worry la. Gloves counter can perform 2more quarter at least. Down collect down collect.. buy buy

JN88

11,670 posts

Posted by JN88 > 2020-05-21 20:06 | Report Abuse

Tomorrow RM 9,sell your underwear to buy...

Pacbut286

121 posts

Posted by Pacbut286 > 2020-05-21 20:09 | Report Abuse

BENGALURU: AstraZeneca expects to be able to deliver a billion doses of a possible COVID-19 vaccine this year and next if tests are successful, adding on Thursday it should shortly get results of an early stage clinical trail.

The British drugmaker said it had signed the first agreements to supply at least 400 million doses of the vaccine, which it is developing with Oxford University.

It said it recognised the vaccine might not work but if results from the early stage tests were positive, they would lead to late stage trials in several countries.

Only a handful of the vaccines in development have advanced to human trials, an indicator of safety and efficacy, and the stage at which most fail.

There are currently no approved treatments or vaccines for COVID-19 being tested by pharmaceutical giants across the world, with governments, drugmakers and researchers working on around 100 programmes and experts predicting a safe and effective means of preventing the disease could take 12 to 18 months to develop.

AstraZeneca also said in a statement that it had received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority for development, production and delivery of the potential vaccine.

It said the COVID-19 vaccine it was testing would include a planned late-stage clinical trial with 30,000 participants and a paediatric trial, adding that it planned to start supplying the vaccine in Britain in September.

Other drugmakers including Pfizer Inc , Johnson

Pacbut286

121 posts

Posted by Pacbut286 > 2020-05-21 20:09 | Report Abuse

Good luck all who keep buying high.

JayC88

898 posts

Posted by JayC88 > 2020-05-21 20:13 | Report Abuse

Thank you, good luck to you Pacbut286 to buy in low

Fabie

45 posts

Posted by Fabie > 2020-05-21 20:15 | Report Abuse

On 15 January 2020, Ideal Quality Sdn Bhd, a subsidiary of the Company entered into a conditional sale and purchase agreement (“SPA”) for the disposal of its vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM 147,749,148.00. The audited net book value of this land as at 31 December 2019 was RM 96,697,695.00

The Company had on 16 March 2020 terminated the said Sale and Purchase Agreement ("SPA") for the nonfulfillment of the terms and conditions as stipulated in the SPA by the Purchaser. Upon the termination, neither party shall have any claim against the other in relation to the SPA.
On 01 April 2020, the same subsidiary of the Company entered into a conditional sale and purchase agreement (“SPA”) for the disposal of its vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM153,380,091.00. The audited net book value of this land as at 31 December 2019 was RM 96,697,695.00. This SPA is not completed at the date of this announcement.

Assuming the SPA is signed by the end of June, another one off profit of ~ RM57mil is to be realised next Q!

Pacbut286

121 posts

Posted by Pacbut286 > 2020-05-21 20:19 | Report Abuse

JayC88 i switch to plantation counter already. Goreng pisang stall will open after MCO need more palm oil less glove.

Posted by noobietrader69 > 2020-05-21 20:22 | Report Abuse

Supermax using Hartalega and Kossan as broom, kena sapu :)

Pacbut286

121 posts

Posted by Pacbut286 > 2020-05-21 20:23 | Report Abuse

Bursa recorded all time high retail investor. Imagine what happened if “vaccine story” surface again during long weekend. I still remember during Hengyuan time reach $20. Now same old story. Just becareful as we all want to make money here.

Posted by noobietrader69 > 2020-05-21 20:31 | Report Abuse

Wow Kossan Revenue 611m but PAT only 65M compare to Supermax 447m but PAT 72M so much different !

Jokers2020

2,006 posts

Posted by Jokers2020 > 2020-05-21 20:33 | Report Abuse

Yes agree with you..thats why today sold off and remain few lots to see the QR.


Posted by Pacbut286 > May 21, 2020 8:23 PM | Report Abuse

Bursa recorded all time high retail investor. Imagine what happened if “vaccine story” surface again during long weekend. I still remember during Hengyuan time reach $20. Now same old story. Just becareful as we all want to make money her

noinoi

118 posts

Posted by noinoi > 2020-05-21 20:37 | Report Abuse

Seems like big players margin doesn’t change much in 1Q except for supermax (distribution - probably one off as other player will playing catch up increasing ASP in 2Q). Kossan seen uptick in volume sales thou. Harta the worst. So Sell Harta. Buy Kossan.

Rf888

551 posts

Posted by Rf888 > 2020-05-21 20:38 | Report Abuse

Kossan why net less than supermax? Because kossan same like harta have forex lose, but supermax dont have. And supermax is small company, big company last year order already until this years, so the selling price havent increase. So kossan, harta you need see August quarter result. May i ask covid 19 start spread to world is when ? March? If yes than wait for August just compare is it correct? But some cant thinking investor please sell tmr, i am waiting to buy big if tmr big drop. Please la, use your brain and think la, this is commen sense, will August result will be confirm better? Report already say this years is strong growth years, than what you worry? Kossan company start until now, the share price if you keep 10 or 20 years, now you will become millionaire or become beggar? Every years company also growth and earn money, scare what? If scare, better sold tmr.

Posted by noobietrader69 > 2020-05-21 20:46 | Report Abuse

^ someone panicking

noinoi

118 posts

Posted by noinoi > 2020-05-21 20:56 | Report Abuse

Hahaha. My investment rules. Don’t put ur eggs in one basket. Now I max out Supermax. Next is either Kossan or Top Glove. Harta is no go. Again. Harta is no go Bro.

WISEMAN99

35 posts

Posted by WISEMAN99 > 2020-05-21 20:57 | Report Abuse

can see so many are jealous and wanted to buy lower....sad to read their comment ....so busuk hati......those who comment badly without the facts.....beware of KARMA.....earn money is not like that.....

noinoi

118 posts

Posted by noinoi > 2020-05-21 21:00 | Report Abuse

Maybe he is panicking coz can’t buy lower. Maybe he bets on Harta. Stupid newbie.

JayC88

898 posts

Posted by JayC88 > 2020-05-21 21:00 | Report Abuse

life is a cycle. if you thrive on others' misery, the time will come for you too. always be kind.

Rf888

551 posts

Posted by Rf888 > 2020-05-21 21:01 | Report Abuse

Kossan net profit is 64,803 mil, forex lose is 13.5 mil. So net profit should be 64,803+13,500= 78,303mil. If without the forex loss is it kossan net profits is 78303mil? Than yoy should increase 33% right? Supermax net profit is 71 mil. How about if kossan next quarter selling price increases, forex gain? Kossan result is our expect improve more than 20% without increased selling price and forex gain. August result will be better until year end.

Aiw Siow

214 posts

Posted by Aiw Siow > 2020-05-21 21:11 | Report Abuse

Hope tomorrow can buy at $7.00

Goofy

177 posts

Posted by Goofy > 2020-05-21 21:17 | Report Abuse

Sell lar sell lar...
Supermax better
PE too high
Kossan price too high
Profitability so poor
Vaccine making good progress
Raya coming
Long weekend

Tomorrow opening bell will be gap down.
Faster sell. See who can run fast with good price. Slow comers will auffer 5% to 10% price drop.
Sell lar sell lar.

Goofy

177 posts

Posted by Goofy > 2020-05-21 21:18 | Report Abuse

If queue at 7.00, that is too low. 10% drop from 8.63 is more realistic which is at 7.74.

If you want to queue at 7, why not directly queue at 5.00. Hahaha...

dickson2u

230 posts

Posted by dickson2u > 2020-05-21 21:19 | Report Abuse

@Rf888 Thank for the analysis. So far in Kossan i have not seen anyone do the analysis and only comments.....nice reading and sharing

noinoi

118 posts

Posted by noinoi > 2020-05-21 21:24 | Report Abuse

Mine is simpe, I would buy again if it fell to 7.70 (entry point) and TP is 9.50 to 10

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