KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

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Last Price

1.89

Today's Change

+0.01 (0.53%)

Day's Change

1.88 - 1.90

Trading Volume

3,308,900

Discussions
17 people like this. Showing 50 of 15,688 comments

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 🤓

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

1 month ago

Chipee

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

1 month ago

Chipee

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

3 weeks ago

TillyLovers

Harta posts a very bad result right now

3 weeks ago

Chipee

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

3 weeks ago

Chipee

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

3 weeks ago

ryoyagod

I guess Kossan will show better qr than harta ..

2 weeks ago

TillyLovers

when will QR be released?

2 weeks ago

Chipee

Coming Friday. Hopefully.

2 weeks ago

kk7198

Should have profit more than 40 mils.Buy now.

2 weeks ago

kk7198

Finally got at below 2.00

2 weeks ago

kk7198

Downside is not much.

2 weeks ago

ChandranG

Average up at RM2?

2 weeks ago

kk7198

Quite safe to buy at thos level.

1 week ago

Patron

EPF is back !

1 week ago

ChandranG

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

1 week ago

kk7198

Looks strong. No goyang on Supermx QR.

1 week ago

TillyLovers

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

1 week ago

ryoyagod

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

1 week ago

TillyLovers

RM2? It is RM1.99.

1 week ago

ChandranG

give me more cheap price, I wanna collect. haha

1 week 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.

1 week ago

bb2ualways

Operating profit of RM39 million is consider very good achievement

1 week 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.

1 week 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.

1 week 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.

1 week ago

TillyLovers

The counter drops like no tomorrow.

1 week ago

Chipee

Wait to see the buyer.

TillyLovers

The counter drops like no tomorrow.

1 week ago

TillyLovers

Is that possible to buy below RM 1 next week?

1 week ago

Chipee

Yes yes ... it will fall to 25cents.... 😂😂😂
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.

6 days 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 ....

6 days ago

ChandranG

If got money, buy both 😁😁

5 days ago

TillyLovers

Kossan drops again today, no eyes to see

4 days ago

TillyLovers

Will close below RM 1.90 or above RM 2? Let guess.

4 days ago

ket4212

ABRDN accumulate

4 days ago

ChandranG

ya, foreign fund starts collecting again

3 days ago

Chipee

Like I said "Wait to see the buyer."
Everytime price is suppressed, I notice a big buyer putting high volume buy.
See any desperate sellers taking the low price.

3 days ago

TillyLovers

Today the counter drops again

3 days ago

TillyLovers

Will Kossan break RM 1.90 today? Let guess the closing price today, RM1.93.

3 days ago

ket4212

Tillylover buy how many lot kossan?

3 days ago

TillyLovers

I haven't buy yet. May be around RM 1 will enter.

3 days ago

TillyLovers

It seems my prediction is wrong. Now the price further drops to RM1.87

3 days ago

Chipee

Wanna buy, just buy. Wanna sell, just sell. No point guessing.
I'm just waiting for Q124 result coming in 2 months.
Let the price swing.

3 days ago

AhHuat168

going downtrend now, better sell and wait at 1.5

2 days ago

Chipee

ARBN is buying. Nice.

2 days ago

ChandranG

Prepare to accumulate it again when it reaches RM1.80 🙂

2 days ago

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