KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.38

Today's Change

+0.01 (0.73%)

Day's Change

1.36 - 1.39

Trading Volume

1,428,300

Company Announcement


Date Subject
Discussions
17 people like this. Showing 50 of 15,333 comments

EverettLee

All IBs so pessimistic over glove's outlook except TA 😅

1 month ago

Likesung

All gloves green only u red red ah

1 month ago

EverettLee

Synch with Berjaya corp. ha

1 month ago

EverettLee

It will pass through 1.40 again after Harta announcing QR I guess

1 month ago

Siow Looi

Dead cat bounce

1 month ago

Likesung

Harta punya pasal lah

1 month ago

Chipee

Harta loss was RM302.76 million in Q1. Q2 is RM52.47 million .... Loss drop by 83%
Kossan loss was RM23.6 million in Q1. Q2 is RM2.66 million .... Loss drop by 89%

Hopefully, Q3 & Q4 sees profit. They expanded too much for COVID so fixed cost increased. Now they shld scale down to cut cost to be profitable.


Likesung
Harta punya pasal lah

1 month ago

Endgame

Breaking news: Kossan in the progress to change the business pipeline focus from loss making glove to high margin Technical Rubber Products. All the funds will use to prioritise the growth of this high margin products business unit.

1 month ago

Likesung

My opinion is Kossan is making profit this QR, the share price should not affected those making losing profit company .

1 month ago

Endgame

Breaking news: Kossan today stock price under pressure after Harta bad QR released. A local fund manager commented this sell down is mainly from the short term small and medium retailers. On the other hand the foreign funds and owner of the company is progressively accumulating.

1 month ago

EverettLee

Under pressure but yet still standing strong at Rm1.30 there. hehe

1 month ago

Likesung

Making profit company share price wont affected by losing profit company, therefore losing profit company should take some revise .

1 month ago

Chipee

ABRDN is still buying.... :)

1 month ago

ClaraChan94

ABRDNis buying Kossan dan FFB

1 month ago

Likesung

Based on previously record the director hold 51% of share before year 2020 .

4 weeks ago

hw0706

aberdeen already loss in aeon and pos malaysia. so have to be careful.

4 weeks ago

Likesung

Maybe the fund already predict in next year the customers will order new glove because the old gloves will expired soon.

3 weeks ago

Likesung

@hw0706
Aberdeen start bought Kossan around RM1.00-RM1.20 they still making profit

3 weeks ago

NatsukoMishima

China intco will ramp up 200billion extra gloves to market in 2024 , u see the ASP will drop below USD 10 or not ?

3 weeks ago

Likesung

@Natsuko
U making a lot of funny

3 weeks ago

NatsukoMishima

China intco will dominate the world glove market with ASP USD 10 or even lower in 2024 !

3 weeks ago

Likesung

Ya lah all Intco "good" lah Intco like "god" lah Intco "best" lah as good u said !!!

3 weeks ago

Albukhary

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

FYI, Intco has invested up to RMB 6-7bil into money market or short term investment. At the same time, Intco has stop its expansion plan, now it only maintain 48bil Nitrile Glove, and company did not mention any further expansion in near future.

As China has stop its expansion, and Malaysia has reduce the capacity via discontinue those old factory, glove price has been stable.

China player won't reduce its ASP anymore, and they will follow Malaysia to increase the ASP accordingly (maintain 10-15% below Malaysia ASP, as nobody will buy their glove if they offer the same price as Malaysia)

3 weeks ago

Likesung

Kossan management action more than talk but Topxxxxx is talking shxx on recently interview !!!

3 weeks ago

NatsukoMishima

@Albukhary

2,431 posts

Posted by Albukhary > 22 hours ago | Report Abuse

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

__________
Well, Mr market will slap your face not report !

3 weeks ago

Likesung

Nothing worried about Kossan, if want worry is Topxxxxx cause they produce too much gloves making spoil market.

3 weeks ago

Chipee

ARBEDEEN still buying .... Good.
I rather listen to REPORT that is from INTCO themselves then listening to RUMOURS pluck from the air... LoL.

3 weeks ago

Likesung

I think Director and ARBEDEEN continue bought in yesterday just waiting tomorrow announcement .

3 weeks ago

yfchong

apa sudah jadi ?

3 weeks ago

NatsukoMishima

Dnex ,vstec , ranhill , gtronic , iwcity all i recommended before they surge !

3 weeks ago

NatsukoMishima

Swift haulage also will surge later !

3 weeks ago

NatsukoMishima

Dont waste time at glove anymore , shift your capital to iwcity now to cover back losses in glove n make multifold gains ! Must act fast , gold will not wait for u !

3 weeks ago

Chipee

hahaha.... He is trying to get others to boost his shares up.

3 weeks ago

yfchong

aiyo yo Abeerdeen buys non stop ada apa apa we do not know ??

3 weeks ago

ks5S

aberdeen close shop soon.
taking a high risk position in kossan

3 weeks ago

Likesung

@ks5S
This called when people panic u buy

3 weeks ago

Chipee

It's call rotation play. Expectation of recession ... big players are going into healthcare, staples and utilities. So buy when people panic on sectors you want. Kossan better show profit Q3. Then probably good time ahead for Kossan.

2 weeks ago

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

2 weeks ago

Chipee

"Dont waste time at glove anymore ...blah blah blah .." ... "See money take money loh ..bla bla bla" .... Up or down you are "RIGHT" ah? STFU la.
Big joker like you think you can "control" the market with your mouth... hahaha...

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

2 weeks ago

ks5S

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

2 weeks ago

Felix888

Googoletranslate says USA has banned China medical gloves because found Covid virus contamination in samples.

Posted by ks5S > 34 minutes ago | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

2 weeks ago

Likesung

United States&China continuous trade war advantage for Malaysia products .

2 weeks ago

Chipee

EXACTLY!!!

Likesung

United States&China continuous trade war advantage for Malaysia products .

2 weeks ago

yfchong

Can shoot to roof top ... kossan

1 week ago

TillyLovers

Is the price okay to buy now?

1 week ago

Likesung

Kossan company performance is not bad

1 week ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 0.32 .. 2.55 .. 0.34
2010 .. 0.56 .. 4.43 .. 0.4
2011 .. 1.38 .. 3.51 .. 0.41
2012 .. 1.13 .. 3.99 .. 0.42
2013 .. 1.75 .. 5.61 .. 1.08
2014 .. 1.75 .. 5.6 .. 1.12
2015 .. 2.5 .. 7.72 .. 2.33
2016 .. 2.88 .. 6.71 .. 1.65
2017 .. 2.75 .. 6.86 .. 2.03
2018 .. 1.5 .. 7.83 .. 2.17
2019 .. 3 .. 8.86 .. 2.08
2020 .. 6 .. 42.12 .. 4.5
2021 .. 47 .. 113.83 .. 1.92
2022 .. 12 .. 5.61 .. 1.1
2023 .. 2.50E .. 0.50E .. 1.36

DPS, EPS and Year End Price are adjusted for capital changes
Total cumulative EPS 225.23
Total Cumulative DPS 84.52
DPO Ratio 37.5%
Kossan

1 week ago

yfchong

Kossan kossan

1 week ago

Likesung

Kossan u r the best

4 days ago

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