Posted by Joel > 2014-01-15 20:35 | Report Abuse

好的股，价钱下你也不用怕。

Posted by Joel > 2014-01-15 20:36 | Report Abuse

有时候价钱下，就是等于给机会别人买进，把价钱堆高。

Posted by invest1818 > 2014-01-15 21:52 | Report Abuse

Joec hold it longer, ur buying a business it has been up for a few days before it drops so is normal as some short term traders takes profit. As long as the coy fundamental is strong , external factor is in favor there is nothing to worry about. Don't play contra , this value stock means u need to hold it for months and even years. Treat it like in FD but giving u much more returns compare to FD. Keep yourself on track of its news and follow it closely then u need not worry. Stock will always go up and down with news but value stocks will always grow when the coy grows.

Posted by invest1818 > 2014-01-16 12:28 | Report Abuse

A rebound will come next week , Maybank changes view today as reported by the edge from Neutral to overweight on glove industry driven by the latex price sharp fall. Hold on tight after the over sales.

Posted by coffeepimple > 2014-01-16 16:40 | Report Abuse

affin investment research shows a buy call today ! judge urself folks ! good luck !

Posted by stockcrazy > 2014-01-16 20:54 | Report Abuse

support point at 4.00

Posted by Joel > 2014-01-16 22:13 | Report Abuse

We tactically upgrade Top Glove to BUY with an unchanged TP of MYR6.20 (17x 2014 PER). We reiterate BUY on Kossan (TP: MYR4.50, 17x 2014 PER) and HOLD on Hartalega (TP: MYR7.10, 19x 2014 PER).

We think the strong buying interest will rotate to Top Glove in 2014, considering its sharp share price underperformance over its peers in 2013.

The immediate excitement for Top Glove will come from the falling latex price, which will not only lift margins, but also stimulate its sales volume.
What’s New

Just fifteen days into 2014 and the latex price has already dropped by 12% YTD to MYR4.75/kg (-23% YoY). We think the free fall could be due to: (i) rising supply, which outweighs the steady demand. The supply surplus for natural rubber is expected to widen in 2014 as rubber plantations in Thailand and Vietnam enter their mature phase; and (ii) the Thai government’s preoccupation with its political turmoil at home, and it has not been aggressively stocking up natural rubber inventories to shore up prices.
What’s Our View

Top Glove is looking attractive as: (i) it is the biggest beneficiary of the falling latex price, with the bulk of its sales derived from the latex glove segment (1QFY8/14: 68% of total sales volume); (ii) its share price has declined 15% over the past five months on softer demand for latex gloves but has yet to reflect the latest plunge in latex cost for the company; and (iii) stock is now trading at 15x 2014 PER, below its historical mean of 17x and its peers’ forward PERs (Hartalega: 19x, Kossan: 16x).

The sector is also likely to witness another energy cost hike in 2014, ie gas tariffs. However, we believe glove makers will be able to pass on the cost given that it is an industry-wide cost inflation. We note that the recently implemented electricity tariff hike has been fully passed through, keeping glove-makers’ margins intact.

No changes are made to our earnings forecasts and TPs for stocks under our universe as we have already factored in a higher gas cost. Nevertheless, a sustainably low latex price will trigger an earnings upgrade for Top Glove.

Posted by Joel > 2014-01-16 22:22 | Report Abuse

Investing

Home > Business > Investing

Published: Thursday January 16, 2014 MYT 9:20:00 AM
Updated: Thursday January 16, 2014 MYT 9:20:52 AM
Affin Research maintains Buy on Kossan, higher TP


KUALA LUMPUR: Affin Research has reiterated its Buy call on KOSSAN with a raised target price of RM5.08 from RM4.30 and continues to like the company’s solid fundamentals.

In a note on Thursday, Affin said it remains upbeat on Kossan’s prospects and favours the group’s current position, whereby all its production lines are highly versatile and interchangeable.

“This means minimal downtime in switching from natural rubber (NR) to nitrile gloves and vice versa depending on customers’ need.

“We are also positive on Kossan’s strategic capacity expansion and diversification to technical rubber product (TRP), surgical and cleanroom gloves that enables KRI to widen its customer base.

“To cater to the increasing demand for its TRP products, we understand that the group is aggressively looking to expand its TRP production facilities. Given the rising cost of production in Malaysia, we believe there is also a high likelihood for KRI venturing its production expansion abroad such as Vietnam,” it said.

Assuming a 15 line plant, Affin believes the group’s FY15 net profit soule be boosted by around RM15mil to RM230mil.

“Note that pretax profit from Kossan’s TRP division has grown by 15% on-year in 9MFY13 to RM15mil,” it said.

Posted by winwin > 2014-01-17 12:21 | Report Abuse

kossan and supermx my 2014 picks.

Posted by Joel > 2014-01-17 14:52 | Report Abuse

马银行研究相信高產尼品（KOSSAN,7153,主板工业產品组）及速柏玛（SUPERMX,7106,主板工业產品组）

將引领丁腈手套业扩大產能，当中速柏玛將提高1.8倍至123亿只，

而高產尼品则提高59%至135亿只。

“我们估计今年4大手套业者所带来的额外供应將达136亿只，迎合全球市场新需求，

预计约为130亿只。＂马银行研究將手套业评级从“中和＂调高至“加码＂，

並顶级手套上调至“买进＂评级，

而高產尼品及贺特佳（HARTA,5168,主板工业產品组）各维持在“买进＂及“守住＂评级。

Posted by Joel > 2014-01-18 13:10 | Report Abuse

1979年创办至今，经历34年的挑战，高產尼品【KOSSAN，7153，主板工业股】是是一家能研发与多元化产品的手套公司，并一直坚持创新与技术提升。

主要业务：

1。技术性树胶產品【TRP】
2。手套
3。其他【投资控股及工程服务，不过比重不大】

2012年3月与7月，新设立两间厂房投入运作，专注于生产定睛手套及外科手套。

新的定睛厂房额外生产14亿件，这让高產尼品手套的年均产能提升到150亿件。


高產尼品的生产线乃具有天然胶和定睛手套的双重生产能力，能在必要时进行替换。

无形中，增加根据市场需求，随时更换产品生产的能力和灵活度。

目前生产线中，胶乳与定睛手套的产量比重为47%与53%，这样的比例是为了抗御胶乳成本价格高涨的关键因素。

Posted by Joel > 2014-01-18 13:11 | Report Abuse

高產尼品的董事经理林宽城曾经披露，仅仅专注于医疗类乳胶手套和定睛手套的平衡，其实并非高產尼品唯一的目标。

在创造价值寻求互补前提下，高產尼品于2011年6月以306万美元【918万令吉】收购香港Cleanera净房用品公司的51%股权。

Cleanera净房用品公司是专门生产净房用途的面罩，手套及湿巾 主要用于高端科技产品，如硬碟制造与生产，以避免在接触这些高端产品时，因磁性作用产生而导致产品毁坏。

在2012的财政年度中，净房用途业务的营业额也不负众望，提升了30%。



目前，马来西亚唯一成功生产净房手套业者，只有一家在新加坡上市的 RiverStone Holdings Limited。

高产尼品的產能扩展计划也如期进行，其第一间工厂將于1月营运，余下的两间工厂则將于第二季正式营运。

而这3间工厂于2014年完成后，预测將把高產尼品的產能提升33%，至每年200亿只手套。

高产尼品最近也以1937万1398令吉，收购坐落在雪兰莪州加埔【KAPAR】的土地，总面积为56英亩【9.26英亩】。

此片土地的地点临近高产尼品工业的巴生厂房，因此，可以连接手套制造的所需基建，如天然气供应。

因此，今年的这3间工厂一旦完成，高产尼品將开始另一项在加埔新地皮的扩展计划。

从年报中显示，此片土地是高产尼品2015年至2018年发展计划之用，目标为2018年达到年产量320亿件。

若以2014年杪200亿只手套的预测产量推算，意味着未来3年将进一步增加60%。每年将额外生产大概40亿件。

在业务扩展上，高产尼品总是登『高』自卑，按一定的顺序进行。

Posted by SeibakaS > 2014-01-20 09:43 | Report Abuse

chinese ?

Posted by 4646 > 2014-01-20 10:19 | Report Abuse

y dropping?

Posted by Bblue > 2014-01-20 11:07 | Report Abuse

any idea y drop?

Posted by loobee > 2014-01-20 11:08 | Report Abuse

wat happen? why keep dropping? any comment..

Posted by invest1818 > 2014-01-20 11:40 | Report Abuse

KLCI is bearish for the past one week till today. Opportunity to buy in or average it out if you bought it high. Have faith on rock solid company. Watch closely and lock in before it rebound. New TP 5.05 from Affin research house today, raw latex downtrend, Chance to grap. My personal opinion, invest on your own risk.

Posted by wploun > 2014-01-20 11:48 | Report Abuse

Continue dropping, no bullet to in....................so disappointed.

Posted by van_de_skzyox > 2014-01-20 11:59 | Report Abuse

selling since morning.....

Posted by hayashi > 2014-01-20 12:45 | Report Abuse

can buy now or will still dropping?

Posted by Livinia > 2014-01-20 14:56 | Report Abuse

dont panic . it will rebound one day.

Posted by kenken85 > 2014-01-20 15:28 | Report Abuse

average up done. This one for cny ang pow

Posted by Joel > 2014-01-20 16:42 | Report Abuse

Its started to climb.
I think investors accumulated the shares.

Posted by racktorick > 2014-01-20 19:03 | Report Abuse

bonus not receive yet, no bullet, miss the boat again.......

Posted by Joel > 2014-01-20 20:56 | Report Abuse

Following our recent company visit, we reaffirm our BUY recommendation on Kossan Rubber Industries (Kossan) with a higher fair value of RM5.05/share (vs. RM3.80/share previously), to reflect our upward revised earnings forecast and higher PE target of 17.5x (+2SD above its 5-year mean).

- Although Kossan’s share price had performed exceedingly well in the last year (outperforming its peers and market by 125% and 147% respectively),
we believe that the stock has further upside.

- Our upbeat view is premised on:-
(1) the group’s superior earnings growth of 28% in CY14 vs. peers’ average of 11%;
(2) margin expansion on the back of its move up the value chain and favourable operating environment;
(3) growth in its TRP division; and
(4) greater investor interest following the stock’s improved liquidity and decent yields.

- We believe that Kossan’s earnings growth will continue to be capacity-driven, underpinned by its target to have an installed capacity of 32bil pcs p.a. by 2017. It is presently constructing 3 new NBR glove plants which will collectively increase its capacity by ~5bil pcs (or 30%) in FY14F. This potentially translates into additional revenue of ~RM400mil for FY14F.

- We anticipate a similar revenue contribution and quantum of NBR gloves to come on-stream in FY15F as the group will be fast-tracking the construction of new plants at its recently purchased land in Kapar. Its initial plan to build 6-8 high productivity plants at Batang Berjuntai has been pushed forward by a year as ground works are yet to be completed.

- We envisage Kossan’s FY14F EBITDA margin to expand to 18% on the back of:- (1) low input prices; (2) strengthening of the USD (vs RM); (3) its NR:NBR product mix target of 20:80 by FY16F (45:55 now); and (4) greater production efficiency.

- Management deems the current cost headwinds (e.g. energy) to be manageable as the impact is mild compared to that of raw material prices (~50% of production costs).

- We concur with management’s view that the growth trend at its TRP division has staying power given the strong foreign demand for infrastructure rubber products and auto parts. We gather that construction for its Jakarta plant has commenced, with contribution from FY15F onwards.

- All in all, we have raised Kossan’s FY13F-FY15F earnings forecast by 6%-16%. In tandem with that, we have also adjusted our gross DPS forecasts while maintaining a payout ratio of 40%. Yields are still decent at 2%-3%.

- Valuation-wise, Kossan remains attractive. At the current price, it is trading at an FY14F PE of 14.7x, on par with Top Glove’s but at a 28% discount to Hartalega’s 20.6x.

Posted by Lee Jye Yenn Lee > 2014-01-20 23:52 | Report Abuse

average up done!

Posted by kenken85 > 2014-01-21 11:18 | Report Abuse

Yest good chance to average up.. Now up already and will continue up until 4.30 then waiting to break that and head up to 4.50.

Posted by invest1818 > 2014-01-23 16:49 | Report Abuse

Counter that expand aggressively and rewards shareholder greatly. what else you want?http://www.theedgemalaysia.com/business-news/272384-flash-kossan-says-investors-can-expect-higher-dividends-this-year.html

Posted by Joel > 2014-01-23 16:52 | Report Abuse

KOSSAN SAID INVESTORS CAN EXPECTED TO GET HIGHER DIVIDEN PAY.

Posted by JoeC > 2014-01-23 17:19 | Report Abuse

Really?

Posted by Joel > 2014-01-23 18:26 | Report Abuse

?http://www.theedgemalaysia.com/business-news/272384-flash-kossan-says-investors-can-expect-higher-dividends-this-year.html

Posted by wploun > 2014-01-24 09:52 | Report Abuse

Drop again ???

Posted by dealmaker > 2014-01-24 15:36 | Report Abuse

stock volatile just like roller coaster ride

Posted by Samuel Fong > 2014-01-24 15:39 | Report Abuse

stock won't increases all the time...

Posted by Joel > 2014-01-24 16:35 | Report Abuse

Business News

Home > Business > Business News

Published: Friday January 24, 2014 MYT 12:00:00 AM
Updated: Friday January 24, 2014 MYT 8:33:44 AM
Kossan to set up RM10mil plant in Indonesia


PETALING JAYA: Kossan Rubber Industries Bhd plans to build a technical rubber product manufacturing plant worth RM10mil in Jakarta in the second half of the year to tap Indonesia’s growing automotive industry.

General manager of group corporate affairs and business development Edward Yip said the company had acquired 2.2ha of industrial land in Jakarta for about RM6.6mil last year.

“We are upbeat on the Indonesian market’s potential.

“It has one of the highest car sales recorded, on par with China in the last two to three years,” he said at the “Spotlight on Malaysia 2014” forum.

He said the construction of the plant would take about eight months to complete.

Yip said Kossan was also looking to grow its rubber gloves production in Vietnam.

The glove maker is targeting its earnings to grow 20% to 25% in the next three years, excluding the expansion in Indonesia.

He said the group expected its glove manufacturing capacity to grow by five to six billion pieces to reach 22 billion upon completion of its three plants in the Klang Valley this year.

BUY IN KOSSAN B4 TOO LATE !

Posted by Joel > 2014-01-24 16:45 | Report Abuse

NOW at Rm4.10 good to buy in, good price to buy.

Posted by kenken85 > 2014-01-24 20:20 | Report Abuse

PLSS drop on monday then I can in again. Hehe.

Posted by Duitbesar > 2014-01-24 20:25 | Report Abuse

Market tak jadi rebound, harga terus menjunam. Yang murah jadi lebih murah. Dulu mahal, sekarang murah. Semua mampu beli, eh macam AirAsia pulak. Kossan dulu mahal, tunggu bursa 1700 mata, mesti jualan murah.

Posted by Joel > 2014-01-26 08:14 | Report Abuse

Sorry lo, Kossan will rebound begin next Monday.

Posted by zhileong > 2014-01-26 09:32 | Report Abuse

Any reference on saying Kossan will rebound on Monday?

Posted by Joel > 2014-01-26 10:16 | Report Abuse

有时候不太需要refrrence，因为价钱处以低价位置。
investors 会趁低吸纳。

Posted by Nicholas Loo Chu Wei > 2014-01-26 22:14 | Report Abuse

I believe even monday not rebound, tuesday will rebound, so keep in view

Posted by Guijc > 2014-01-28 11:24 | Report Abuse

Lucky able to get some on last 2 days

Posted by wploun > 2014-01-28 14:21 | Report Abuse

Hopefully can reach $4.5 before CNY.

Posted by Joel > 2014-01-28 16:56 | Report Abuse

UP UP KOSSAN

Posted by dendron > 2014-01-28 18:52 | Report Abuse

Lol got up then came all the way down from profit taking.. The weakening of ringgit should do Kossan a big favour since it's exporting to US and European market..

Posted by Joel > 2014-01-30 17:04 | Report Abuse

Wong believes other stocks that may be worth watching include O&G plays
Barakah Offshore Petroleum Bhd,
Uzma Bhd and Coastal Contracts Bhd,

while smaller-sized glove makers

Kossan Rubber Industries Bhd and

Hartalega Holdings Bhd have room for upside.

( Above the statements is a some sentenses that i paste from this:

Business News

Home > Business > Business News

Published: Thursday January 30, 2014 MYT 12:00:00 AM
Updated: Thursday January 30, 2014 MYT 7:26:04 AM

http://www.thestar.com.my/Business/Business-News/2014/01/30/Runaway-prices-of-smallcap-stocks-point-to-signs-of-overheating/

Posted by dendron > 2014-01-30 19:03 | Report Abuse

Yep, hopefully it will be a good year for the rubber industry.. Smth i like about Kossan is its diversified production lines, including both nitrile and natural rubber gloves as well as automobile parts.. Great and bold vision by the managerial team in the expansion plan too..

Posted by dendron > 2014-01-30 19:06 | Report Abuse

Happy Chinese New Year to all too, may all of us have a great, prosperous and healthy year ahead!! ^^

Posted by invest1818 > 2014-01-31 12:07 | Report Abuse

Give this company 2 to 3 yrs, it will be the largest glove manufacturer especially on nitril gloves based on its current aggressive expansion.