KOSSAN RUBBER INDUSTRIES BHD
KLSE (MYR): KOSSAN (7153)
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Last Price
2.36
Today's Change
+0.03 (1.29%)
Day's Change
2.35 - 2.38
Trading Volume
679,500
Meeting
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Discussions
19 people like this. Showing 50 of 16,201 comments
Indications are pointing to a strong demand recovery moving into 4QCY24 and CY25 that will exceed our previous assumptions, underpinned by inventory rebuilding from distributors. Specifically, there has been uptick in orders over the past two quarters. The rise in demand comes as the inventories of major distributors across all regions have returned to normal levels. Case in point - HARTA expects to hit sales volume of 2.2b pieces/month in 2HFY25. Already, HARTA has seen 1QFY25 orders hitting close to 2b pieces per month compared to 1.5b-1.8b pieces per month in 4QFY24 and 3QFY23. TOPGLOV is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in June 2024 and expect customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding from distributors, indicating early signs of potential recovery in demand. It has seen sales order rising 25%-30% MoM. Tell-tale signs of predatory pricing by certain overseas players (i.e. selling below cost over an extended period of time to eliminate competitors) have diminished. Specifically, glove players under our coverage have seen their ASPs rising over the past two quarters, potentially implying demand is on the path to a recovery boosted by order replenishment.
1 month ago
USD strength further to RM 4.27 due to global tension and fed hint no rush to cut rate
1 month ago
Malaysia’s gloves export volume surged 66% MoM and 105% YoY in Aug, outpacing the growth in July (+12% MoM; +43% YoY). The latest export volume is even 34% higher compare to pre-pandemic 2-years monthly average number indicating that the recovery momentum of global gloves demand remains healthy.
1 month ago
market spook by Topglove operating loss again. Just look at the revenue increase as a benchmark and not be too concern as Kossan operating expenses is well control. The best amoung the top 4.
1 month ago
I think we can forget about Q3 result. Look at Topglove, they make a loss and the stock is up.
Bull all the way for gloves.
1 month ago
When US tariff announce at 25% in 2026, Kossan shot to Rm3.
Now US tariff already announce at 50% in 2025 and 100% in 2026..... It should shoot up to at least Rm3.
1 month ago
Sideways trading last 10 days. Strong price action yesterday afternoon. Let's see if can continue to break out strongly 2.1
3 weeks ago
ABRD and KWSP dispose SAME number of shares for a few days? I think there's some glitch in Bursa information or something weird is going on.
2 weeks ago
Doesn't make any difference if Trump or Kamala. Both are anti-China.
But watch on Congress wins. See who holds majority for control. I'm hoping for almost 50/50 position.
2 weeks ago
EU-China tariff fight is ON! Just like war, China will retaliate with tariff on EU and EU hopefully retaliate with tariff on ... China gloves? 😁
https://www.thestar.com.my/business/business-news/2024/10/31/china-tells-carmakers-to-pause-investment-in-eu-countries-backing-ev-tariffs-sources-say
2 weeks ago
I didn't analyze the finances and all ... just on the new operation in US, I don't really like it. US workers union will definitely make high labour cost. US has too many redtapes and regulations. OF course they will benefit on US tariff on China, but Msia gloves also benefit even if US has 10% tariff on Msia.
Dear Chipee
what do u think Supermax?
1 week ago
Stanley being a shrewd businessman already calculated the risk/reward of building New Glove Factories in USA
Or else he won't be a successful billionaire that he is today
TRUMP IN POWER; SUPERMAX IN USA IS TOP BENEFICIARY AS TAX ON CHINA GLOVES 50% To 100% & OTHERS UP TO 20%, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828061-TRUMP_IN_POWER_SUPERMAX_IN_USA_IS_TOP_BENEFICIARY_AS_TAX_ON_CHINA_GLOVES
6 days ago
50% (2025) & 100% (2026) Tariff on China glove is CONFIRMED.
20% tariff on OTHER glove makers ... First time heard it from Calvin Tan. True or not, nobody knows.
Firstly, I think Trump is smart enough to know putting on 20% tariff on other glove manufacturers will increase price for Americans. Their target is China. Not hurting their own people. With 4 big glove makers in Msia and Sri Trang in Thailand, they will be competing price wise to lure American buyers. No need to disturb situation that's advantages to USA.
Second and most important factor, glove is a LOW margin product. Trump is targeting for HIGH margin products like EV cars, cars, smartphones etc. to be manufactured in USA. They want to bring these manufacturing back to USA. Other low margin products is focus on cheap labours overseas.
Trump's decision to lower corporate tax also to lure American companies to bring back their overseas profit back to US and pay US tax. Most US companies have offshore accounts/companies for lower taxes purposes.
If Supermax were to build their factory in Mexico, I would buy their shares. But building in US with higher labour cost and stringent government regulations, I would stay away.
3rdly, I think Calvin Tan owns Supermax shares and trying to boost the price up. 😂😂🤣😂😁
6 days ago
And another thing, Trump's plan for oil&gas in US will make natural gas cheaper in global market.
Good for Msian glove makers.
6 days ago
just my thoughts
now with Elon Mask in the picture in Trump cabinet
and Elon Mask is well known super Pro-China with his business presence in China
he even came out a msg to advice Taiwan to become one of a province in China
i wonder if this time around Trump will take a 360-degree turn towards China
Let's watch how thing will evolve
should be very interesting...
6 days ago
What is the objective of tariff? So manufacturers will open a plant in USA and provide jobs. Tesla already have a plant in China so Elon is already golden in his position in China. Trump is expecting China EV to open plants in US if they want to sell in US. China being in economic downturn wouldn't touch Elon in China because of job security for Chinese people there. Many Korean and Japanese manufacturers had already left China and now many Chinese are jobless.
Elon will keep supporting Trump on China's tariff. Trump's tariff is a bargaining chip for one big issue ... BRICS. Democrats use war for this issue. They convince Zelensky for Ukraine to join NATO, knowing well that Putin will retaliate with war. That's why Nancy Pelosi visited Taiwan, to start a war with China. Trump doesn't want war so he uses tariff.
6 days ago
Something to share what I posted on Hartalega forum:
No. We are NOT investing for another pandemic. That could be another 100 years from now. We are investing in US-China rivalry and it is bearing fruit since USTR announce 50%(2025) and 100%(2026) tariff on China gloves.
Between Intco and Bluesail production is about 90bill annual capacity. With tariff, Msia and Thai glove has the upside on volume and ASP to sell in US market (largest market for gloves).
Even with 10% or 20% tariff on Msia & Thai, we are still cheaper than China. But I don't think that will happen. US target is really China thanks to Supermax. Supermax is on board in American Medical Manufacturers Association (AMMA). They are the one convince US to place tariff on China. Supermax production capacity in Texas is only 4.8 bill per annum, meaning the rest of US order will come from Supermax Msia. Supermax will not be silly to want tariff on Msia gloves.
And if Supermax to expand they production in US, that would eat a lot into their capital. They spent billions and are losing money these few years bcoz of building their plant in US. It would take years for this expansion to take place. So we have a good 4 years for Msia gloves. By then PE of 150 will drop to PE 25 when the profit has increased tremendously.
Please do your research before you shoot your mouth.
On Supermax.
https://theedgemalaysia.com/node/726994
mushimushi
Why PE 150++ still buy? This Tulip mania.
Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/
There will be no plandemic in the next 4 years.
3 days ago
Another share:
Harta management is the "best" is only by reputation. I give you that. But that is just a small part to the overall picture. Don't forget, glove is a LOW margin product and easy to make. China was a threat before the tariff. AFTER the tariff, Msia gloves are on an even playing field.
You talk about automation, Kossan has been doing that since 2017 and with strong cash position, they had been upgrading production since 2021. Now is almost 2025. They had spent 4 years to be fully automated. Kossan is no way behind Hartalega in this aspect.
https://theedgemalaysia.com/article/cover-story-slow-and-steady-route-digital-transformation
Kossan has one bad reputation problem; CEO sells shares when price is high. A bit annoying but hey, he is allowed to do that. This caused Kossan to be undervalued AT THE MOMENT. But things that matters like production, quality etc ... Kossan is as good as Harta. Remember, Kossan and Harta were the only 2 glove companies that were not banned by US Custom on labour issues.
Topglove ... well they are big. That's all.
So Dawchok, it not arrogance. It's facts. Get off your high horse on "best management". It's only goes on for a while. It will wear off fast. Btw, Kossan is the only glove company making profit this Q3. And been paying dividend.
dawchok
The management is the best in gloves industry albeit much arrogant comparing to those from KS and TG
3 days ago
Another share from Harta forum:
Aiyoh ... 50% of US order is secured without China kacau2.
The other 50% is price war and you think Msia cannot fight them? Glove is low margin, low tech product. China's cost base is no difference than Msia.
For comparison 2023 annual report: Cost of Revenue/Revenue
Harta = 86.77%
INTCO (China) = 86.30%
To me... this is not much difference.
Before COVID, China was not focus too much on gloves but after covid and their production increases, they want to muscle in by throwing price. Basically stealing Msia customers base. But remember this, OVERHEAD cost is a KILLER in this kind of VOLUME game products. That's why Topglove is still making losses. INTCO (China) is 79 bill annual capacity. Kossan and Harta stands at 35bill annually which is at the optimum production capacity to make money. INTCO will go into losses soon enough. AND without US market, China will lose even more.
Remember Evergrande? Why have they gone bankrupt? High debt. INTCO debt exploded from RMB280 mill to RMB7.17 bill. That is 25.6 times. When their production size cannot justify the sales they have, they will cut down production significantly and lose economy of scale. They have enough cash to cover their debt but they definitely cannot THROW PRICE to steal Msia customer base.
With US tariff, China is no longer a threat.
20 hours ago
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hng33
Bargain Hartalega & Kossan
Hartalega will need convincing strength above the 100-day ma (RM3.06) to fuel further upside towards RM3.30, the 123.6%FP (RM3.43) and 138.2%FP (RM3.68) ahead, while downside risk is capped by the 76.4%FR (RM2.66). Kossan need a confirmed breakout above the 200-day ma (RM2.06) to enhance upside momentum towards the 100-day ma (RM2.19), RM2.33 and 123.6%FP (RM2.42) going forward, while the 61.8%FR (RM1.79) and lower Bollinger band (RM1.71) cushions downside.
1 month ago