Posted by Goofy > 2020-05-22 08:54 | Report Abuse

Remember...after so much hype...profit is less than 10%.

Posted by Goofy > 2020-05-22 09:00 | Report Abuse

Last 1 minute before price collapse

Posted by Goofy > 2020-05-22 09:01 | Report Abuse

Crashed to 8.25
Haha...
Fast fast

Posted by Goofy > 2020-05-22 09:02 | Report Abuse

Good good..at least can sell at 8.25 with small loss.
Remember, dont be the last one to get out.

Posted by tiger69 > 2020-05-22 09:04 | Report Abuse

temporary lor ...keep cool

Posted by Goofy > 2020-05-22 09:05 | Report Abuse

Harta, Kossan, Supermx all red.
Those still hoping it rebound...you ask yourself again and again.
Why not sell now at 8.3 and buy back later at 7.7.
Earn 0.6

Posted by stockist888 > 2020-05-22 09:13 | Report Abuse

timebombstocks.. i sold all .. can have a good sleep over the weekend .. lol

Posted by JN88 > 2020-05-22 09:13 | Report Abuse

I buy more...hahahahahhahahaa

Posted by mf > 2020-05-22 09:14 |

Post removed.Why?

Posted by JN88 > 2020-05-22 09:14 | Report Abuse

Goofy is a trader....he /she want to buy cheap...

Posted by noobietrader69 > 2020-05-22 09:16 | Report Abuse

SELL KOSSAN!!!!

Posted by Goofy > 2020-05-22 09:17 | Report Abuse

Woof woof
Wink wink

Posted by stockist888 > 2020-05-22 09:18 | Report Abuse

mbb better ratios selling rm7.50 .. wheres logic ??

Posted by Goofy > 2020-05-22 09:19 | Report Abuse

Im helping both sides actually...both sides that believe in kossan.
Those that bought at 8.5 to 8.6, must sell because of the profit is below expectations. And to sell, must sell quick for best value.

Those that believe in kossan and want to buy, must buy at 7.70. Then you get some safety values from those chase high.

Posted by mf > 2020-05-22 09:19 | Report Abuse

green otw

Posted by Goofy > 2020-05-22 09:20 | Report Abuse

Those newbies that listened to me, crashed the price to 8.100. Cannot go down all the way to 7.70

Posted by tiger69 > 2020-05-22 09:20 | Report Abuse

way to go Kossan !

Posted by miracledan > 2020-05-22 09:22 | Report Abuse

Goofy is a donk lol

Posted by mf > 2020-05-22 09:24 | Report Abuse

next 8.60

Posted by JN88 > 2020-05-22 09:24 | Report Abuse

thank you 8.15...

Posted by infinity888 > 2020-05-22 09:28 | Report Abuse

wow cheap buy buy buy

Posted by Jack Khan > 2020-05-22 09:41 | Report Abuse

congratulation for those have makeup their mind and did not read any further comment here that will affect your decision TQ

Posted by pfsurewin > 2020-05-22 09:44 | Report Abuse

gap down buy....gap up also buy....add

Posted by kt_invest > 2020-05-22 09:48 | Report Abuse

https://www.theedgemarkets.com/article/glovemaker-kossan-makes-record-profit-revenue-1q

Posted by JBond007 > 2020-05-22 09:55 | Report Abuse

Today premiere at Superman theater: 'Superman vs Kosanman'.
Get plenty of popcorn & enjoy the show.

Posted by Jack Khan > 2020-05-22 09:57 | Report Abuse

https://klse.i3investor.com/servlets/ptres/55259.jsp
Kenanga just upgrade supermax TP to 7.6 from 6.6

Posted by jonathan_k > 2020-05-22 10:16 | Report Abuse

Aminvestment has maintained its "buy" rating on Kossan with a higher fair value of RM9.72 based on a P/E of 27x FY21F EPS.

Rm9.72

Posted by Steviaman > 2020-05-22 10:17 | Report Abuse

Haha. . Those chat before 9.15am barking sell la, red counters la... bla3

Posted by tiger69 > 2020-05-22 10:24 | Report Abuse

go kossan go

Posted by Power1 > 2020-05-22 10:28 | Report Abuse

Kossan ready to take off, fasten your seat belt.

Posted by miracledan > 2020-05-22 10:34 | Report Abuse

KUALA LUMPUR (May 22): AmInvestment Bank Research has raised its earnings forecasts for Kossan Rubber Industries Bhd for the financial year ending Dec 31, 2020 (FY20) to FY22, buoyed by higher average selling price (ASP) and sales volume for its gloves.

The research house has raised its earnings projection for Kossan by 62% to RM498.3 million for FY20, 62% to RM460.6 million for FY21 and 9% to RM337.9 million for FY22.

Aminvestment has maintained its "buy" rating on Kossan with a higher fair value of RM9.72 based on a P/E of 27x FY21F EPS.

The upward projection came after the rubber glover maker posted its first quarter earnings, which the research house deemed to be “in line with expectations”.

In the first quarter ended March 31, 2020 (1QFY20), Kossan posted core profit after tax and minority interest (PATAMI) of RM64.2 million, accounting for 21% and 23% of its and the consensus full-year expectations respectively.

AmInvestment Bank said glove demand arising from Covid-19 began to jump from April onwards. This resulted in a supply constraint and subsequently drove selling prices higher.

Kossan has received orders close to 10 months ahead of delivery with prices to be finalized one to two months prior to delivery.

“We like Kossan for its expansionary plans and efforts in improving quality and operational efficiency as well as increasing automation. Moving forward, we expect a stronger performance for the year due to the increased demand from Covid-19 pandemic further buoyed by its expansion plans,” the report said.

Despite the stellar 1QFY20 result announced yesterday, Kossan shares fell 6.54% or 53 sen to RM8.10 shortly after the opening bell today.

At 9.30am, Kossan pared some of its losses at RM8.48, still down 15 sen or 1.74%, bringing it some market capitalisation of RM11.04 billion.

Posted by NewbiesJC > 2020-05-22 10:40 | Report Abuse

After going through few rounds up and down in glove stocks, I realized holding for longer term can make the highest profits.

Posted by tiger69 > 2020-05-22 10:41 | Report Abuse

going green before noon

Posted by up88up > 2020-05-22 10:42 | Report Abuse

Yes newbie, no point sell and buy back if have holding power

Posted by stockist888 > 2020-05-22 10:50 | Report Abuse

one will be very lucky to beat the market all the time ..

Posted by Goofy > 2020-05-22 10:51 | Report Abuse

Sell lar..quarter profit not impressive.
Can always buy back lower price later.
Come on...sell sell sell.

Posted by blood7 > 2020-05-22 11:01 | Report Abuse

Maybank new TP RM9.50...

Posted by kfliau > 2020-05-22 11:03 | Report Abuse

After Raya no more below 9

Posted by Rf888 > 2020-05-22 11:06 | Report Abuse

Maybe will more than RM10 if next month top glove hit RM15. Kossan amd harta August result will very good.

Posted by noobietrader69 > 2020-05-22 11:51 | Report Abuse

KOSSAN AND HARTALEGA IS THE PAST, SUPERMAX IS THE FUTURE. COME OVER BEFORE WE HIT RM10

Posted by paperplane > 2020-05-22 12:50 | Report Abuse

all INV BANK give TP RM9.50

Posted by Iewis888 > 2020-05-22 13:18 | Report Abuse

Kossan EPS is better than Harta, Mngt is confident strong growth for the group in FY2020.

Posted by JN88 > 2020-05-22 14:41 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON-RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) (IQ OR VENDOR), A WHOLLY OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND OF APPROXIMATELY 390,397 SQUARE METRES (4,202,194.27 SQUARE FEET) TO BEST ETERNITY RECYCLE TECHNOLOGY SDN. BHD. (201801017328 (1279344-A)) (BERT OR PURCHASER) FOR A TOTAL CASH CONSIDERATION OF RM153,380,091.00) (PROPOSED DISPOSAL).

6.2 Net Assets (“NA”), Gearing and Earnings
Upon the completion of the Proposed Disposal, it is expected to result a net gain of approximately RM 39 million. The proforma effects of the Proposed Disposal on the NA per share, gearing and earnings per share of Kossan, based on the latest audited consolidated financial statements as at 31 December 2018 are set out below:-

Posted by JN88 > 2020-05-22 14:42 | Report Abuse

Next quarter Kossan net profit RM 110+- million.....Are you guys ready?

Posted by Jokers2020 > 2020-05-22 14:51 | Report Abuse

sold all today..no power d..gbye n thanks to kossan

Posted by JN88 > 2020-05-22 14:55 | Report Abuse

Jokers2020: Bye bye

Posted by kt_invest > 2020-05-22 14:59 | Report Abuse

https://cdn1.i3investor.com/my/files/st88k/7153_KOSSAN/pt/AMINVEST/7153_KOSSAN_AMINVEST_2020-05-22_BUY_9.72_Kossan%20Rubber-%20Expecting%20ASP%20to%20improve%20further_-944174013.pdf

Glove demand arising from Covid-19 began to jump from April onwards. This resulted in a supply constraint and subsequently drove selling prices higher. Kossan has received orders close to 10 months ahead of delivery with prices to be finalized 1–2 months prior to delivery.

Posted by mf > 2020-05-22 15:05 |

Post removed.Why?

Posted by mf > 2020-05-22 15:07 | Report Abuse

Kossan Rubber- Expecting ASP to improve further
Source : AmInvest, Price Call : BUY, Price Target : 9.72
Last Price : 8.32, Upside/Downside : +1.40(16.83%

Posted by miracledan > 2020-05-22 15:14 | Report Abuse

TP $9.5 incoming