KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

2.44

Today's Change

-0.02 (0.81%)

Day's Change

2.41 - 2.47

Trading Volume

2,096,000

Company Announcement


Date Subject
Discussions
19 people like this. Showing 50 of 15,926 comments

Chipee

Trump got convicted. But he can still run for president.
Democrats just hammer in their final nail to their coffin.

https://www.politico.com/news/2024/05/30/can-trump-still-be-president-00160433

1 month ago

KimSua

The US Cpe inflation is within expectation and Ecb most likely to cut rate in June. Tuesday will be a good time to bottom pick. Good luck

1 month ago

Chipee

ARBDN is back :)

1 month ago

Chipee

Demand is more than Supply. Price should go up.
Best Buy 24010 / 152
Best Sell 4002 / 62

1 month ago

xiaoeh

Chipee
other than Kossan
do u buy other glove counters as well?

1 month ago

Chipee

No. I'm only invested in Kossan. But Harta forum is more active... so I kepoh there. 😅
To me Kossan should catch up with Harta in price.

1 month ago

xiaoeh

so do i....
i mean kepo...😂

1 month ago

Chipee

😂😂😂

xiaoeh

so do i....
i mean kepo...😂

1 month ago

ChandranG

ARBDN is coming back and buying in Kossan 😀

1 month ago

yifenglim1803

Kossan is back

1 month ago

Iamnotasifu

Kossan should at least catch up Harta Price , such underrated with highest Cash on hand and highest PAT among the Big 4

1 month ago

KimSua

Money is coming back in to klse. Better sharpen your technicals. Fundamentals will take a back seat, swing it well and good luck

1 month ago

ChandranG

1 ringgit more to go for Kossan to catch up Harta, Iamnotasifu 😄

1 month ago

Chipee

Yeah. I was waiting for this. Foreign funds coming in would be a good opportunity to trim down.
Higher lows make it hard to swing trade on this. Unless there big news on gloves. I think next lookout is TopGlove results.

1 month ago

Chipee

I made a quick calculation on the data of Kossan selling at $16 per 1000 gloves.

Q1 2024:
Revenue = Rm 451,625,000 = $96,090,425 (at 4.7 xchange rate)
Gloves sold per 1000 unit = $96,090,425/$16 = 6,005,652

Conclusion on SPECULATION:
Kossan can sell at $17.20. China is selling at $16 too but there's a 7.5% tariff which equals to $17.20.
Meaning Kossan could had make:-
Revenue: 6,005,652 x $17.20 = $103,297,207 x 4.7 = Rm485,496,875
Extra profit at same cost: Rm485,496,875 - Rm 451,625,000 = Rm33,871,875

As ASP improve, Kossan can sell at higher price. Harta's ASP is $21. So Kossan has much room to move up.
Just by taking ASP of $18, Kossan can easily make extra Rm56.5 million.
Rm56.5 million + Rm22.2million (Q1 24 PBT) = Rm78.7million.
Which is similar to 2019 quarterly earning.

On Utilization Rate.
Also, 6,005,652,000 per quarter means 24 billion per year. Kossan annual capacity is 32 billion in 2019.
24/32 = 75% utilization rate. This number could be lower if follows 2024 annual capacity but I don't have the number.

I see improvement. I'm holding and hope to see better Q2 results as ASP is stabilizing.

1 month ago

KimSua

Great insight. Need confirmation of their operation efficiency and with utilzation improving to above 80%. KOSSAN should surpass Harta soon.

1 month ago

KimSua

Chipee thanks for the information. We know each quarter results will be better than the last for at least end of the year and next year US will start transition their supplier away from China.

1 month ago

Chipee

KimSua, Welcome. Lets Huat Ah!!!!

1 month ago

KimSua

Cup and handle forming, high chance for a breakout next week to test recent high. The cup depth is small and handle volume is small as well. Let's see how, good luck

1 month ago

paperplane

UOB latest report TP- Harta 3.92, Kossan 2.73, TopGlov- 1.28

3 weeks ago

KimSua

Quad witching hour this friday. Trade with care, expect high volume surge and violatility due to options expiry.

3 weeks ago

Chipee

Top Glove spectacular result. Finally profitable. ASP is improving.

3 weeks ago

ChandranG

Sell on good news today?

3 weeks ago

ChandranG

Sell on good news today?

3 weeks ago

Chipee

Now I'm observing 28 June. USTR is collecting opinions from their industry players on the tariff hike. I'm hoping they want it to be earlier than 2026. Old and bigger players may want to kill their small/new players in US. These new players has been "disturbing" their profit using China's gloves. We'll see. Can only hope.

3 weeks ago

Chipee

Let the data sink in for them. We will see the next week. As Kimsua highlighted, options expiring.

ChandranG

Sell on good news today?

3 weeks ago

Lukey_Greek

In the AGM, Mr Lim mentioned that the worst was over, however the recovery is more like a L shape, instead of V. Utilisation rate was about 60% only for Apr & May.

3 weeks ago

Lukey_Greek

The boost of USA tariff of 25% in 2026 will only have temporary effect, as China will gain more market share in Europe. The supply & demand will be rebalanced as a whole. The ASP will more or less back to 2025 level after that.

3 weeks ago

Chipee

If you have not seen the news, RIGHT parties are winning in Europe. We will see the result in UK and France election results next month. If they take over the governments, rest assure more tariff on China. I doubt China can take over Europe market.

3 weeks ago

Mini2021

TP 3 by year end

3 weeks ago

Chipee

Anwar announce to join BRICS, KLSE just sold off. Could it be the reason?

3 weeks ago

Albukhary

When Kossan new HQ will be officially launch?
Everyday I passed by it, such a nice building, very ESG style of building, especially if you compare it to Top Glove Tower.

3 weeks ago

Mini2021

Another 30 days.... Kossan Result.... Another 40 days Harta Result

3 weeks ago

ChandranG

Typically it will release its Q2 result by end of July

2 weeks ago

Iamnotasifu

Kossan Nice Chart, challenging RM3 next week?

2 weeks ago

Albukhary

Tomorrow is the 1st day of 2nd half year.
Wish everyone Heng Ong Huat.
Wish KLCI break 1700 by end of the year.
Wish FBMSMCAP break 23,000 by end of the year.

1 week ago

ChandranG

A bit hard, Iamnotasifu. Let's wait another good news for gloves then

1 week ago

Chipee

American Hospitals Association wrote a letter to USTR to reconsider the tariff on medical products from China. This part of the letter:
"The AHA urged the USTR to only impose tariffs if it demonstrates sufficient manufacturing capacity outside of China to make choices among manufacturers a credible option. "

Gloves are easily available outside China. .. as in Malaysia. :)
So if USTR may reduce the tariff on other medical products from China, will USTR apply 25% tariff on China's gloves as early as 2025? Knowing US need to collect tax to pay their debt and reduce their fiscal deficit.

1 week ago

Iamnotasifu

easy 6% today, tomorrow another 20%?

1 week ago

ChandranG

EPF sold Kossan ; bought CTOS

5 days ago

zzprozaz

Post removed.Why?

4 days ago

speakup

10minit casino buka!

4 days ago

Chipee

If Kossan release Q1 in 21 May 2024, then the Q2 result will be out 21 August. I don't why they keep moving their release date. It's very annoying.

4 days ago

ChandranG

You should ask Kossan management, Chipee. If not mistaken, they have a 60-day deadline to publish the quarter report

3 days ago

Chipee

Assassination on Trump fail. I consider Trump already won the election. China's going down.
Glove is going up.... Now Trump just need to stay alive to win the election.

7 hours ago

Mini2021

Tomorrow Glove Gap UP.... Trump win

5 hours ago

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