KOSSAN RUBBER INDUSTRIES BHD
KLSE (MYR): KOSSAN (7153)
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Last Price
1.62
Today's Change
-0.04 (2.41%)
Day's Change
1.62 - 1.66
Trading Volume
2,696,000
Entitlement
Upcoming
Happening
| Ann. Date | Ex Date | Type | Subject | Amount |
|---|
Discussions
17 people like this. Showing 50 of 15,559 comments
Aik? ... EPF buy 700K units ...
Hmmm ... I think they are trading in and out. If net is buy price shld be up.
Hoping to buy at lower price I think.
1 week ago
Volume for today looks small for EPF or Abrdn to be involved.
Scenario may change after lunch.
1 week ago
Kanasai ... Supermax loss money affect Kossan meh?
THat;s why I said Kossan is better managed compare to all the glove companies.
1 week ago
Market take Msia glove industry as a whole. Wah lau .... each individual company is different ler. So Kossan must show good profits in subsequent quarters to prove that they are better glove company in Msia.
1 week ago
Previously Kossan belong to top 4 or no 4 gloves company. After Covid-19 pandemic, Kossan become top 2? Even previous taikor TopGlove cannot make profit yet.
1 week ago
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1 week ago
I had to contact the hacker and showed them all the necessary prove they requested within 48hrs they retrieve all my lost USDT back. I am very happy and excited because I never thought I could recover my lost USDT. Here’s a contact for James Miller Recovery contact via Website: www.jamesmillerrecovery.solutionsthey or whatsApp number +4(412) -3380 -0794.. they are reliable thanks
1 week ago
Ranking change
1 Kossan
2 Hartalega
3 Supermax
4. Top Glove
5354_
Previously Kossan belong to top 4 or no 4 gloves company. After Covid-19 pandemic, Kossan become top 2? Even previous taikor TopGlove cannot make profit yet.
1 week ago
1 Kossan: Q3 Profit 41mill. Cash 2+bill.
2 Hartalega Q3 Profit 29mill. Cash 1.6+bill, Production capacity similar to Kossan. Use to be favourite for dividend payment but Harta cannot pay similar dividends anymore.
Harta used to be more efficient in production but the lower profit (comapre to Kossan) might suggest Kossan had stepped up their game in efficiency.
3 Supermax: Q3 make a loss. Cash 1.6+bill, Production capacity similar to Kossan. Mistake to invest in US. US is problematic with labour unions (high labour cost) and strict regulations.
4. Top Glove: Q3 make a loss. Lowest cash among the 4. Production capacity is high but utilization rate is low, hence overhead fixed cost is high causing net loss. Should demand goes back to pre-covid, then maybe TopGlove can reclaim no. 1.
1 week ago
Thanks, but you have forgotten the basics......EPS, NTA and ROI.....just sitting on a pile of Cash won't work as they are burning cash.
1 week ago
Yeah. No doubt. But we look at how their strive in challenging situation. I would look at that EPS, NTA and ROI....during good times (pre-covid). And you only burn cash if you make a loss. Kossan and Harta are profitable. They are sitting on cash, making them easier to go through hard times and lower debt. Once profit are more consistent from quarter to quarter ... they can decide what to do with it ... share buy back, special dividend, green energy tech etc ....
BobAxelrod33
Thanks, but you have forgotten the basics......EPS, NTA and ROI.....just sitting on a pile of Cash won't work as they are burning cash.
1 week ago
But as of now and uncertain market condition ... Kossan is sitting pretty.
We know most of the world is in negative GDP. Companies with strong cash position is very favourable.
1 week ago
That's a very good point. Thx
Felix666888
Customer stock bought during Covid time either already expired or near expiry because medical glove`s shelf life is about 3 years. You will see demand back to pre Covid time very soon. ASP price will be going up due to demand normalized.
1 week ago
And another thing ... TopGlove is the biggest glove producer in the world.
In normal/good market condition and demand is strong, TopGlove is favourable becoz they somewhat decide the ASP. Being the biggest producer and economy of scale, they can make profit via volume play.
But in bad condition (low demand aka low volume), their high overhead cost becomes a problem. They have to maintain a certain ASP which becomes favourable to smaller players. In this situation, smaller players can achieve profit first. And if demand keep staying weak ... smaller players are favourable. Hartalega proves this fact to be true when the shutdown their Bestari Jaya plants. And the next quarter (Q3), Harta becomes profitable. So Kossan, Harta and Supermax is in sweet spot when it comes to production capacity size.... for current demand condition. I believe Supermax make a loss in Q3 bczo of their US venture.
1 week ago
Why my Chipee account cannot comment liao?
This is my 2nd account. Wahlau ...cannot give analysis on stock here?
1 week ago
Covid-19: Health Ministry says cases up by 57.3%
https://www.thestar.com.my/news/nation/2023/12/03/covid-19-health-ministry-says-cases-up-by-573
5 days ago
Very funny lah still hoping new virus kah, even new virus also goreng up few few cent only after that taking profit liao
5 days ago
Nobody is hoping for NEW VIRUS la.... Case goes up, usage of gloves goes up.
Common sense la.... Ohio and Europe increase cases of pneumonia due to bacteria. U think we hope for kids to die ... Wahlau eh!
4 days ago
sharing is caring 😆 no need to hide from the bad news that occurs around the world
4 days ago
Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize
4 days ago
Ya. I know. Don't count on "new virus". Have to wait for another 100 years.
Waiting for oversupply during covid to finish and back to pre-covid orders/demands.
Likesung
Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize
3 days ago
Even 200k no use lah they still go shopping , working, eating outside so who care about it
2 days ago
This no use that no use,the fact is kossan has appreciated some 70% from its low below rm1.Not 7% not 17 %.Must be some no use fund buying it up.Lol.
2 days ago
EPF belong to no use fund?
Posted by klee > 13 minutes ago | Report Abuse
Must be some no use fund buying it up.Lol.
2 days ago
Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.
2 days ago
Lu ho liao ... And lu are correct. Kossan is good. I'm excited to see Q4 result ... But hv to wait Feb 24 ... Some more dragon year ... see got boost on sentiment boh? Hehehe...
Penang_lang
Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.
1 day ago
This current ups and downs ... I take it as normal trading pattern. I ignore it. Does not upset me.
1 day ago
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Abrdn, EPF and Director selling. ... sigh... why ler?
1 week ago