KOSSAN (7153): Cumulative Financial Results for Last 10 Financial Years

Mpox already has vaccine. So not as serious as covid. But I'm still optimistic in US tariff on China. Hope there's early implementation.

1 week ago

Hahaha vaccine. Who dare to take lol

1 week ago

Everyone is afraid to take the vaccine and then die. lol

1 week ago

Who is so brave to take the vaccine ? lol

1 week ago

I think the alternative is even dire. Anyway, the vaccine has been around for a long time. Unlike covid vaccine which is relatively new.

1 week ago

Honestly, I prefer the US tariff on China. I want to see China glove die. 😈

1 week ago

Clade I MPOX is much more dangerous and transmissible this time around. Unlike Clade II, Clade I can spread without sexual contact, making it much easier to transmit through skin-to-skin contact.

It is significantly more dangerous and contagious.

6 days ago

Can the earnings double from previous qtr and push down the pe to below 40? This should preview kossan potential.

6 days ago

QR report tomorrow.

6 days ago

Careful on PE bcoz the number is TTM (12 trailing months). Meaning the data include when situation was bad.

KimSua

Can the earnings double from previous qtr and push down the pe to below 40? This should preview kossan potential.

6 days ago

Spanish 🇪🇸 police officers in charge of receiving immigrants arriving on illegal boats and staff at air, sea and land border posts were urged to wear masks, disposable gloves and wash their hands frequently to avoid the spread of Mpox, according to EFE.

5 days ago

Screening and quarantine for #mpox are costly and may not be effective.

- Will people be quarantined for 21 days?
- Who will be quarantined?
- How do you detect the disease if lesions are in areas that can be covered?

5 days ago

QR out today.

5 days ago

Epseps

Lunch break or after mkt closed ? Please

5 days ago

Looks very promising closing at high.

5 days ago

Epseps

The number fren, where n when is the QR please since repeated so many times. I trusted u tho

4 days ago

Let's see who will report QR first, Kossan or Supermax.

4 days ago

https://www.malaymail.com/amp/news/world/2024/08/21/thailand-reports-first-case-of-mpox-clade-1b-imported-from-africa/147727

3 days ago

3 days ago

Qtr high change out today afternoon. Looking for 2x increase in earnings q2q.

3 days ago

Mpox will not be pandemic like Covid.. and we want that. If it's a pandemic, US might delay the tariff on China. This will strengthen CHina glove financially. We want Mpox not a pandemic and US implement their tariff on China gloves as soon as possible.

3 days ago

Mpox is going to be worse than Covid pandemic because of the incubation period 21 days lol

3 days ago

Mpox is not air-borne virus. Mpox will not be a pandemic.

3 days ago

Countries across Asia are increasing surveillance and countermeasures against mpox as Thailand reported its first suspected case of a new, more dangerous variant of the virus.

South Korea said that epidemiologists and public health doctors will be deployed at the gates of flights arriving from Ethiopia to monitor incoming passengers.

Anyone with mpox symptoms will be required to report to quarantine officers on arrival.

Waste from aircraft toilets will also be monitored for the virus.

Source: Telegraph

2 days ago

Everyone will be in the dark and expose to the virus for 21 days. lol

2 days ago

Albukhary

QR boom...
50% lower than my expectation of RM60mil PAT.

2 days ago

I was expecting Rm75 mill ... 😁 .. Now wait for USTR announcement..sigh

2 days ago

https://www.channelnewsasia.com/asia/thailand-mpox-case-asia-first-deadlier-strain-confirmed-traveller-africa-4561271

2 days ago

I think their ASP is $16 still. Can't believe it. Even Sri Thang ASP is $18.

2 days ago

Albukhary

But don't worry, I believe revenue drop could be highly due to the Red Sea crisis and cause some of the June'24 sales postpone to July'24.

If this is the case, then you can expect next quarter Q3'2024 to achieve PAT of minimum RM70-80mil (assume at least RM10mil profit brought forward from Q2 to Q3)

2 days ago

I hope you're right Albukhary. With this QR result it could go either way. Just bcoz Harta QR was excellent. Kossan is showing no improvement from previous qtr.

2 days ago

Endgame

31 mil profit, no wonder dropped from 2.5x to 2.0x

2 days ago

Harta PBT margin 7%
Kossan (gloves division) PBT margin 6.26%
and yes theres some shipment delays ( not sure how much , but harta had around 10% sales volume delay )

unless your expectation was not realistic if not its within the line

2 days ago

Harta profit 31.9Mill .. price 2.75. What do you said abt that?

Endgame

31 mil profit, no wonder dropped from 2.5x to 2.0x

2 days ago

beginner888

Harta:

Mar’24 : Revenue 529.83mil
Mar’24 : PBT 18.88mil
Mar’24 : PBT Margin 3.6%

Jun’24 : Revenue 583.84mil
Jun’24 : PBT 41.14mil
Jun’24 : PBT Margin 7.0%

Kossan:

Mar’24 : Revenue 451.63mil
Mar’24 : PBT 40.98mil
Mar’24 : PBT Margin 9.0%

Jun’24 : Revenue 429.91mil
Jun’24 : PBT 38.57mil
Jun’24 : PBT Margin 9.0%

2 days ago

Mini2021

My expectation is 3 billion profit..... no woner drop to 2.0

2 days ago

@beginner888
for kossan you have to sort out the gloves division part
its 6.26% instead of 9.0%

2 days ago

@Patron
"Sorting out glove division part" is like saying saying McD has to sort out the burger part from the fries part.
IF that's the case then Harta has to "sort out" their COAT gloves from the nitrile and latex gloves. Cmmon. Don't be ridiculous.

2 days ago

ChandranG

Analysts upgrade Kossan's ratings after 1H results meet expectations. Nice ~
https://theedgemalaysia.com/node/723968

1 day ago

Have to hold longer, no concern next few qtrs, just no easy money, unless ustr pull in the tariffs to 2025. Or set it to 50 percent as propose

1 day ago

beginner888

@Patron noted. I missed your comment in the bracket (i.e., gloves division). Thank you for the reminder.

1 day ago

@Chipee
you know Kossan's non glove division for eg. Technical Rubber division contributed only 10% of the overall revenue but it contributed almost 30% of its PBT right ?

theres no right way to have 100% apple to apple comparison but we try to close the gap as much as possible to see the clearer picture

1 day ago

@beginner888
Harta & Kossan have similar PBT margin % if you exclude non cash / non operating cost like impairment , decommissioning cost , ramp up cost and etc.

its at 6-7% in Q2 - not too bad but not impressive enough. it all depends on upcoming sales order momentum.

1 day ago

@kimsua
USTR tariff will be implemented in 2026 - not too far away actually ( about 16 months away )
consider the long lead time and shipment time from China firms
probably the orders will come to Malaysia as soon as Q2 2025

1 day ago

beginner888

@Patron Thank you for providing those insights

1 day ago

@patron the final ustr 301 determination has been delayed until the end of August. They are negotiating and getting feedback, one of the proposal is a 50 percent in medical ppe in 2025 while relaxing critical syringes tariffs. This is based after feedback from both medical associations and manufactures associations. Let's see how. Will scout around and published as soon as I can.

1 day ago

Ops expenses reduce 430k to 409k. Trade receivable flat qtq but 30k higher than 2023. Red Sea is not really a big problem. Most expect better revenue. Best operating margin, well manage but can they manage the sales volume. If flat again next quarter, time to reasses. USTR should have a statement end of the week or next week

7 hours ago

@kimsua
for Harta ,

Q2 sales volume at 5.9b
but 0.6b was delayed
it means 10% of the revenue was not recognized , which i think was quite serious especially the margin is at razor thin now

1 hour ago