KOSSAN RUBBER INDUSTRIES BHD
KLSE (MYR): KOSSAN (7153)
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Last Price
1.36
Today's Change
0.00 (0.00%)
Day's Change
1.34 - 1.37
Trading Volume
1,764,600
Discussions
17 people like this. Showing 50 of 15,336 comments
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
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
My opinion is Kossan is making profit this QR, the share price should not affected those making losing profit company .
1 month ago
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
Making profit company share price wont affected by losing profit company, therefore losing profit company should take some revise .
1 month ago
Maybe the fund already predict in next year the customers will order new glove because the old gloves will expired soon.
1 month ago
@hw0706
Aberdeen start bought Kossan around RM1.00-RM1.20 they still making profit
1 month ago
China intco will ramp up 200billion extra gloves to market in 2024 , u see the ASP will drop below USD 10 or not ?
1 month ago
China intco will dominate the world glove market with ASP USD 10 or even lower in 2024 !
1 month ago
Ya lah all Intco "good" lah Intco like "god" lah Intco "best" lah as good u said !!!
1 month ago
@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)
1 month ago
Kossan management action more than talk but Topxxxxx is talking shxx on recently interview !!!
1 month ago
@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 !
1 month ago
Nothing worried about Kossan, if want worry is Topxxxxx cause they produce too much gloves making spoil market.
1 month ago
ARBEDEEN still buying .... Good.
I rather listen to REPORT that is from INTCO themselves then listening to RUMOURS pluck from the air... LoL.
1 month ago
I think Director and ARBEDEEN continue bought in yesterday just waiting tomorrow announcement .
1 month ago
Dnex ,vstec , ranhill , gtronic , iwcity all i recommended before they surge !
1 month ago
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 !
1 month ago
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.
1 month ago
See money take money loh otherwise dont know how many years will be trapped !
3 weeks ago
"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 !
3 weeks ago
https://www.orientaldaily.com.my/news/international/2023/09/07/594837
Read carefully all glove tards
3 weeks ago
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
3 weeks ago
EXACTLY!!!
Likesung
United States&China continuous trade war advantage for Malaysia products .
3 weeks ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
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
3 weeks ago
I think there will be a big dividend announcement coming end of Oct. Kossan Holding SB just transferred shares to individual directors. Maybe a big profit announcement Q3?
Or just reducing Kossan Holding SB holding away from 51%?
11 hours ago
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It will pass through 1.40 again after Harta announcing QR I guess
2 months ago