KOSSAN RUBBER INDUSTRIES BHD
KLSE (MYR): KOSSAN (7153)
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Last Price
1.69
Today's Change
+0.08 (4.97%)
Day's Change
1.61 - 1.70
Trading Volume
5,366,000
Financial
Market Cap
4,323 Million
NOSH
2,558 Million
Latest Quarter
30-Sep-2023 [#3]
Announcement Date
15-Nov-2023
Next Quarter
31-Dec-2023
Est. Ann. Date
16-Feb-2024
Est. Ann. Due Date
29-Feb-2024
QoQ | YoY
1,342.24% | 76.13%
Revenue | NP to SH
1,667,176.000 | 10,928.000
RPS | P/RPS
65.18 Cent | 2.59
EPS | P/E | EY
0.43 Cent | 395.57 | 0.25%
DPS | DY | Payout %
2.49 Cent | 1.47% | 583.73%
NAPS | P/NAPS
1.50 | 1.13
QoQ | YoY
261.16% | -97.11%
NP Margin | ROE
0.78% | 0.28%
F.Y. | Ann. Date
30-Sep-2023 | 15-Nov-2023
Latest Audited Result
31-Dec-2022
Announcement Date
25-Apr-2023
Next Audited Result
31-Dec-2023
Est. Ann. Date
25-Apr-2024
Est. Ann. Due Date
28-Jun-2024
Revenue | NP to SH
2,316,228.000 | 156,619.000
RPS | P/RPS
90.55 Cent | 1.87
EPS | P/E | EY
6.12 Cent | 27.60 | 3.62%
DPS | DY | Payout %
2.49 Cent | 1.47% | 40.73%
NAPS | P/NAPS
1.52 | 1.11
YoY
-94.51%
NP Margin | ROE
6.88% | 4.03%
F.Y. | Ann. Date
31-Dec-2022 | 16-Feb-2023
Revenue | NP to SH
1,580,973.333 | 17,888.000
RPS | P/RPS
61.81 Cent | 2.73
EPS | P/E | EY
0.70 Cent | 241.66 | 0.41%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
132.46% | -91.58%
NP Margin | ROE
1.31% | 0.47%
F.Y. | Ann. Date
30-Sep-2023 | 15-Nov-2023
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
17 people like this. Showing 50 of 15,536 comments
Kossan n harta have no more Rss outstanding.Maybe the brilliant analysts can explain why this is so,or can they? Hahaha.No one ever get rich by listening to analysts.
1 week ago
PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic.
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control.
MARGMA’s President Dr Supramaniam Shanmugam, however, stressed that the association’s forecast “is a very conservative estimate”, given the various growth drivers, for instance rising hygiene awareness, ageing population and recovery in non-Covid-19 related demand.
1 week ago
MARGMA president Dr Supramaniam Shanmugam is just an industry cheerleader. You can check the accuracy of his past predictions.
1 week ago
MARGMA's prediction in May 2021:
Even with global production expected to ramp up to 420 billion this year from 380 billion last year and annual growth of 10-15%, Supramaniam said excess demand could run into 2023. Malaysia expects to supply 280 billion, or 67%, of that increased global supply.
https://www.reuters.com/article/us-malaysia-gloves-idUSKBN2B709W/
1 week ago
MARGMA's prediction in Mar 2022:
Malaysia is set to retain its position as the world’s number one rubber glove-producing nation in 2022 with export volume likely to expand by between 12 and 15 per cent, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).
It anticipated global demand for rubber gloves for the year to be at 452 billion units, or 14,333 gloves used every second.
https://www.mida.gov.my/mida-news/malaysias-rubber-glove-exports-projected-to-grow-12-15-pct-in-2022/
1 week ago
MARGMA's prediction in Aug 2022:
Margma president Dr Supramaniam Shanmugam said industry players are navigating through a challenging time dealing with multiple dynamics with global risks including the prolonged Russia-Ukraine war.
“The association is, nevertheless, confident the industry will see a demand growth of 10% to 12% in 2022,” he said.
“As a consequence of increased global healthcare awareness and enhanced regulatory requirements, such demand will grow by 12% to 15% in 2023,” he said.
The global demand for gloves is estimated at 399 billion in 2022, and Malaysia is estimated to produce 240 billion gloves in 2022, according to Margma’s report.
https://www.freemalaysiatoday.com/category/business/local-business/2022/08/03/malaysia-likely-to-export-rm23-bil-worth-of-rubber-gloves-this-year/
1 week ago
>1.70 still solid. EPF or other foreign funds still buying?
Likesung
No show liao Aberdeen start disposed
12 hours ago
1 week ago
5354
When funds called buy means sell liao , its very normal making correction on stock .
1 week ago
Totally agree. Harta is valued more bcoz they pay better dividend than Kossan on historic basis. But I think Harta cannot sustain the same dividend payout anymore.
Harta outstanding shares: 3.417bill. Cash position: 1.6+ bill
Kossan outstanding shares: 2.557 bill. Cash position: 2+ bill
Harta production capacity been cut to almost Kossan level. Kossan made 2x net profit than Harta in Q3.
Either Kossan price go above Harta or Harta price drop below Kossan. This rely on sentiment.
1 week ago
Ciak sai liao ... nevermind la ... wait for Q4.
yfchong
Taikor aberdeen cash out yor fuiyoh
1 week ago
Now China and Thailand both of them are take Malaysia gloves market share 5% looks like big 4 very difficult to grow liao
1 week ago
THere's a reason Msia is top in gloves. I suspect is good Msia quality. China and Thailand took 5% was due to glove shortage during covid. They might come back for the same quality reason.
1 week ago
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.
4 days ago
Volume for today looks small for EPF or Abrdn to be involved.
Scenario may change after lunch.
3 days ago
Kanasai ... Supermax loss money affect Kossan meh?
THat;s why I said Kossan is better managed compare to all the glove companies.
2 days 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.
2 days 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 day 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 day 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 day 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 day 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 day 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 day 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 day 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 day 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 day 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 day ago
Why my Chipee account cannot comment liao?
This is my 2nd account. Wahlau ...cannot give analysis on stock here?
1 day ago
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