KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.96

Today's Change

-0.06 (2.97%)

Day's Change

1.94 - 2.04

Trading Volume

5,754,400

Discussions
17 people like this. Showing 50 of 15,673 comments

dompeilee

I already said I am relentless...I guess it comes with the experience of surviving the WORST bear markets over the last 30 years. My Supermx averaging down is even more 'Energizer battery'-beating ! Soon...soon...I know 100% I will recoup my Supermx monies SOON!

1 month ago

xiaoeh

do u mind to share how is your Supermax experience bro?

1 month ago

dompeilee

Too long to post here...suffice to say I bought 35 X since 2021, with the last 20X below $1{lowest price = 66.46c}, comprising 69.6% of my total holdings, which happen to be more than 10X what I hold in Kossan

1 month ago

xiaoeh

Noted and Thanks Dompeilee for sharing your 30 years of trading experience and feeling.

1 month ago

ryoyagod

Nice DCA method you have, dompeilee. Your cash must be rich 😁

1 month ago

dompeilee

@ xiaoeh: You're welcome!
@ryoyagod : No la...all hard-earned, wrested from other players in the rough-&-tumble markets! Recently, having FUN grabbing profits from Japanese players who know less about what they are doing than I am...in their OWN HOME TURF! πŸ€—

1 month ago

KateWinslet

I anticipate that once China discontinues its zero-covid policy, it might encounter challenges similar to those faced by Topglove. However, given China's unique circumstances, they could potentially opt for workforce adjustments without providing compensation to their employees. <a href="https://raiderlinkttu.us/">raiderlinkttu</a>

1 month ago

ryoyagod

@dompeilee. Who's that Jap player? Is the name start with 'Nut'? πŸ˜„

1 month ago

dompeilee

Not that clown lah! I suspect he/she couldn't survive in his/her home mkt & so had to downgrade to this mkt to punt...Unfortunately, he/she bought IWCity @ $2.90 or thereabouts chasing the 2017 euphoria & now trying to cheerlead that stock back to that level, which, based on my 3 decade experience, is virtually impossible! I meant the native Japanese speculators in that country who bought my Daiwa Heavy shares from me @ Β₯2,010 on Aug 31st '23 & such other losing gamblers.

1 month ago

dompeilee

Finally SOLD some Kossan @ $2.10 to lock in my 856th consecutive market open day of share trading gains!πŸ˜˜πŸ»πŸ’°

1 month ago

ryoyagod

I see. Haha.
TP alrdy, dompeilee? So rush πŸ˜… I wait for its Q4 out 1st and see

1 month ago

Chipee

That's a smart move. Take advantage of yesterday's upward momentum. This is the kinda thing I like. Knowledge sharing. Not like some other people. ... cry father, cry mother for no reason.

dompeilee

Finally SOLD some Kossan @ $2.10 to lock in my 856th consecutive market open day of share trading gains!πŸ˜˜πŸ»πŸ’°

1 month ago

Chipee

Me too. Q4 shld be good ... then Q124 ... after that decide. I believe there's more room to go up.

ryoyagod

I see. Haha.
TP alrdy, dompeilee? So rush πŸ˜… I wait for its Q4 out 1st and see

1 month ago

dompeilee

No worries! Still got 8 lots to fight with them until the QR!😘

1 month ago

Crrypo

strongest glove among big 4, price slowly going back to pre pandemic level

1 month ago

Chipee

Market got spooked by China economic data and US Manufacturing PMI suggesting recession. This already suspected by many even data was released. I still wait for Q4 results. If profit is maintained then it is good. Healthcare is the sector to be in recession.

1 month ago

Chipee

Good News: Natural Gas falls to USD2.24 for March contract
Bad News: Global Baltic Index more than doubled to USD3094. This may decrease revenue. Deter orders from the west.

1 month ago

ChandranG

I bet Kossan's Q4 will outperform Q3 πŸ€“

1 month ago

Chipee

Another good reason to keep Kossan; their revenue can be in US Dollar for their export market.
USD is creeping higher.

1 month ago

Jonathan39199

https://www.enanyang.my/node/587624

BUYYY BEFORE IT IS TOO LATE

3 weeks ago

Chipee

THat's good bcoz 45% of Kossan export is to USA.
Full disclosure ... Harta to USA is 50% la. ...

3 weeks ago

Chipee

Look out for Hartalega Q3 result this week. Might help push up Kossan if result is good.

2 weeks ago

TillyLovers

Harta posts a very bad result right now

2 weeks ago

Chipee

Aiyoh ... Harta Operating loss ... -7.8million ...Revenue drop too.
Hopefully, Kossan can maintain profitable.

2 weeks ago

Chipee

If Kossan can have growth in revenue and operating profit, then Kossan is more valuable than Hartalega.

2 weeks ago

ryoyagod

I guess Kossan will show better qr than harta ..

1 week ago

TillyLovers

when will QR be released?

1 week ago

Chipee

Coming Friday. Hopefully.

1 week ago

kk7198

Should have profit more than 40 mils.Buy now.

1 week ago

kk7198

Finally got at below 2.00

1 week ago

kk7198

Downside is not much.

1 week ago

ChandranG

Average up at RM2?

1 week ago

kk7198

Quite safe to buy at thos level.

6 days ago

Patron

EPF is back !

5 days ago

ChandranG

...fall through Rm2 today. Q-ing at RM1.98

5 days ago

kk7198

Looks strong. No goyang on Supermx QR.

4 days ago

TillyLovers

no, the counter drops to RM1.98. Might continue to further drop like no tomorrow.

4 days ago

ryoyagod

Are you sure, TittyLovers? Now, Kossan rebounds back to Rm2 alrdy

3 days ago

TillyLovers

RM2? It is RM1.99.

3 days ago

ChandranG

give me more cheap price, I wanna collect. haha

3 days ago

Albukhary

The QR looks bad from outside, but after study in detailed, you will realize that actually it is not bad.
After remove the one-off impairment loss, actually Kossan operating profit is still the best.

From this QR we can confirmed that the worst for Glove Companies has been passed. Moving forward, it will only be better.

2 days ago

bb2ualways

Operating profit of RM39 million is consider very good achievement

2 days ago

Chipee

One-off impairment. But Operating Profit is within range Rm39mill. Good result. Better than Harta having Operating loss at a big gap. Kossan is improving production efficiency with automation hence the impairment. So I see better result 1Q24. Moreso, Nat Gas for March is below USD2. Net profit will be improved significantly 1Q24.

2 days ago

Chipee

Actually quite smart also. Report impairment loss for 2023 since that year already in the loss. Make 2024 high profitable year. As Harta reported, demand is picking up and nat gas (raw material) cost is coming down.

2 days ago

Chipee

On Macro analysis: USD is climbing higher against RM and US interest rate is at all time high. Fear is Msia might hv to increase interest rate. Thankfully Kossan is at full advantage. Export revenue (45%) is in USD and negligible debt level. With demand improving, I see better near term future for Kossan.

2 days ago

TillyLovers

The counter drops like no tomorrow.

1 day ago

Chipee

Wait to see the buyer.

TillyLovers

The counter drops like no tomorrow.

1 day ago

TillyLovers

Is that possible to buy below RM 1 next week?

1 day ago

Chipee

Yes yes ... it will fall to 25cents.... πŸ˜‚πŸ˜‚πŸ˜‚
Come on man ... it made profit just slightly lower than last quarter. Kossan is recovering well. One-off impairment is just accounting record but no actual cash is spent. If you compare net operating cash flow between Q3 and Q4 2023, it's an increase of 73million. This Q4 result is actually good.

17 hours ago

Chipee

Compare to Hartalega ... Harta revenue dropped 8% from last quarter.
Kossan revenue only dropped 0.8% from last quarter.

Kossan is in better position than Harta la ....

17 hours ago

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