KOSSAN RUBBER INDUSTRIES BHD

KLSE (MYR): KOSSAN (7153)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.71

Today's Change

-0.02 (0.73%)

Day's Change

2.69 - 2.76

Trading Volume

4,226,200

News and Blogs
Discussions
19 people like this. Showing 50 of 16,251 comments

KimSua

Next Resistance level 2.51/2.52. Your call to be greedy or swing trade(some) . Still a longer term hold.

1 month ago

Chipee

KimSua ... Totally agree. Will hover around 2.5 until Q4 2024 result to decide. I expect better results.

1 month ago

ChandranG

Patiently invest in Kossan will win the race for sure

1 month ago

KimSua

Chipee, this time the risk of losing out is high if swing sell too soon. Might be a re rating soon for glove sector, which we see much earlier. But most likely take profit as the market will test the next resistance for at least twice , however looking at the bullish trend, might just only swing some profit. Trump will most likely increase taxes across the board for all imports and we have to scan the news especially the American glove manufacturers association. Good luck

1 month ago

Chipee

Thx for the heads up KimSua

1 month ago

WDCQ_I_am_legend

Trump has announced an additional 10% tariff on all Chinese products, raising the tariff on Chinese medical gloves to 60% from the current 50% under the Biden administration. This new tariff will take effect in January 2025.

#Bloomberg

3 weeks ago

Chipee

Do you guy think price will drop after the ex-date for dividend?

3 weeks ago

EverettLee

Yes, the price will be adjusted and then will rise back

3 weeks ago

KimSua

I suspect this session will not touch the psychological 2.5 +
resistance level. Better to take the dividend and wait for it to surpass the resistance again after Dec potential window dressing

3 weeks ago

Chipee

Yeah. I'm going for the dividend and hold for Q4 results in Feb 2025.

3 weeks ago

xiaoeh


Posted by Chipee > 21 hours ago | Report Abuse
Do you guy think price will drop after the ex-date for dividend?

i do think most of the counters will drop more than the dividend received after ex-dividend
a few are exceptions e.g. go for privatize like MMS last time instead of dropping it went higher and etc

3 weeks ago

NatsukoMishima

Malaysia glove stocks will tumble in 2025 ! Dont ask me why , you will know the answer in 2025 !

3 weeks ago

Chipee

Nutsucker will end up in an asylum in 2025 ! Dont ask me why , you will know the answer in 2025 !

3 weeks ago

calvintaneng

US SOLAR PANEL TARIFF SETS A PRECENDENT: SUPERMAX MIGHT BE THE ONLY MALAYSIA GLOVE CO THAT MIGHT BE EXEMPTED FROM US TARIFF, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-03-story-h475649343-US_SOLAR_PANEL_TARIFF_SETS_A_PRECENDENT_SUPERMAX_MIGHT_BE_THE_ONLY_MALAY

2 weeks ago

Chipee

NO. Totally different issue. LONGi is China's solar manufacturer. They have a big production in Bukit Beruntung, Rawang. Of course Msia got hit by this tariff. They are targeting China manufacturers. Even the article stated this fact:

The group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Vietnam and Thailand of causing global prices to collapse by dumping products into the market.

2 weeks ago

Chipee

This shld be interpreted as "USA targeting tariff on China glove manufacturer even if they operate from Indonesia, Vietnam or Msia. "

2 weeks ago

KimSua

Highest high for since the first ustr announcement. Out for now

2 weeks ago

HaroldHuong

Up for 2days and see how 2moro..

2 weeks ago

Chipee

I think can go higher. Because the situation is different now. Then, the 25% tariff will be in 2026. So there is another 1 year before the tariff. Anything can happen in 12 months. True enough, Maybank wrote an article abt China glove being so great and all. So traders sell big.

Now, it is 50% tariff in 2025 and US targeting China manufacturers wherever they manufacture from. Whole different situation bro.

KimSua

Highest high for since the first ustr announcement. Out for now

2 weeks ago

Chipee

Yeah it can go down and up... but fundamental is still intact.

HaroldHuong

Up for 2days and see how 2moro..

2 weeks ago

KimSua

Chipee, the fundamental is still intact. Each has its risk profile and we know klse liquidity is limited and even big funds work with their short agents to get the best prices on average. It will definitely go up after a breather. Always observe the net short position trend if intend to swing however risk of losing the boat is always there. For each its own. Hope everyone wins

2 weeks ago

Chipee

Kim Sua, Do you monitor the short position every trading day? ("Always observe the net short position trend ...")
Volume Value
KOSSAN KOSSAN RUBBER INDUSTRIES BHD 284,700 745,578

This the data I got from Bursa for 5 Dec 2024. But no graph to see spike or trough.

2 weeks ago

Chipee

I'm using the standard MACD, MA (20,50,150) and RSI to monitor for tech analysis. Hoping you can point out this net short position for me to add into my analysis. TQ

2 weeks ago

EverettLee

Kossan is sprinting and heading towards RM3 🏃 Gogo

2 weeks ago

5354_

Harta why RM 3.7 with lower dividend and EPS?

2 weeks ago

KimSua

Chipee, have to go to bursa website to get the net short and total short for few trading sessions. However need to do some homework to plot the trend. Macd/rsi is technically lagging indicators. Short position allows you to know earlier if the big guns are slowing shorting it or recovering their shorts. Better to get a few confirmation to decide. Good luck. Resistance now 2.65/2.7 range. Support 2.45/2.5 range. Volume is still high. I might have sold too early 😃

2 weeks ago

Chipee

Thx KimSua. Yes I agree. MACD RSI is lagging. I think your way with net short is something like CFTC (commitment of traders) way of looking at thing for swing trade. I'm not good at CFTC method but I think it's a better trend indicator.
Selling early is ok as long as still make profit. Protect our capital is still number 1 priority. 😃

2 weeks ago

HaroldHuong

Let GO and break 3

2 weeks ago

abcb

Hope can reach 4.00 soon

1 week ago

NatsukoMishima

US , EUROPE already make huge stock pile from China glove before tariff start ! Only naive malaysia glove tard will believe reclaiming old glory stories from roti planta IB ! Cut you one more round !

1 week ago

limch

RM 3 can come? 35 sen left.

1 week ago

Chipee

Yeah that's why REVENUE for ALL Msia glove makers are UP. So according to Nutsucker's logic. China's glove is what they are buying. Stewpid but bising = Tin Kosong.

NatsukoMishima

US , EUROPE already make huge stock pile from China glove before tariff start ! Only naive malaysia glove tard will believe reclaiming old glory stories from roti planta IB ! Cut you one more round !

1 week ago

EngineeringProfit

Let's take the yummy profits- kossan Gostan lagi, lagi sikit

1 week ago

HKHedgeFund

和祖国一起成长吧.

1 week ago

EverettLee

Kossan doesn't drop much after boss selling the shares 😊

1 week ago

ChandranG

Nice closing today this Kossan. Huge funds flow in !

1 week ago

NatsukoMishima

Major shareholder starts dumping !

1 week ago

calvintaneng

SUPERIOR SUPERMAX: A RISING STAR AGAIN DUE TO ITS FIRST MALAYSIAN GLOVE FACTORY ON US SOIL, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-17-story-h476637158-SUPERIOR_SUPERMAX_A_RISING_STAR_AGAIN_DUE_TO_ITS_FIRST_MALAYSIAN_GLOVE_F

0 seconds ago

6 days ago

5354_

Kenanga TP RM 3 can reach?

6 days ago

WDCQ_I_am_legend

Unorthodox Analysis on Supermax Corporation Berhad as SUPER STOCK IN MAKING for year 2025
*TARGET PRICE : RM2.50*

Here are 10 main reasons why Supermax Corporation Berhad's share price may surge in 2025:

1. US Manufacturing Facility Commencement
Supermax's new manufacturing plant in the US is expected to begin operations in early 2025. With an initial production capacity of 2.4 billion gloves annually, it reduces dependency on exports and taps directly into the largest glove market. Full capacity is projected at 19.2 billion gloves.

2. Higher US Import Tariffs on Chinese Gloves
The US has imposed increasing tariffs on Chinese gloves:

50% in 2025

100% in 2026
This opens a massive opportunity for Malaysian glove producers like Supermax, as buyers seek alternative suppliers.

3. Improved Average Selling Prices (ASPs)
Global glove ASP trends are showing signs of recovery, forecasted to rise to US$21–US$22 per 1,000 pieces by late 2024 and 2025 due to increasing demand and rising costs.

4. Rebounding Global Demand for Gloves
The demand for gloves is projected to grow 8%–10% annually due to increasing hygiene awareness post-pandemic, rising healthcare spending, and infection control measures worldwide.

5. Weaker Malaysian Ringgit (Currency Advantage)
A weaker MYR against the USD benefits Supermax as exports generate foreign currency, boosting profitability and revenues.

6. Diversification into Developed Markets
Supermax’s expansion into Europe and North America mitigates risks associated with oversupply in Asian markets. The US plant reinforces direct relationships with customers.

7. Strong Balance Sheet and Cash Reserves
Supermax maintains a strong cash position that allows it to fund expansion, manage costs, and distribute dividends if necessary, improving investor confidence.

8. Glove Sector Recovery from Overcapacity
The global glove industry has faced overcapacity, but consolidation among competitors and steady demand growth are driving sector normalization, supporting higher ASPs and revenues.

9. Strategic Focus on ESG (Environmental, Social, and Governance)
Supermax’s focus on sustainable practices, including energy-efficient production and ethical labor compliance, attracts long-term institutional investors prioritizing ESG-compliant companies.

10. Improved Sentiment for Malaysian Glove Stocks
Malaysian glove stocks, including Supermax, are benefiting from renewed investor interest, driven by:

Recovery in demand

Improved sector outlook

Positive macroeconomic policies

6 days ago

limch

Fly to RM 3 in 2025?

5 days ago

mf

June: WHO issues warning on bird flu spread

June: World Health Organization chief Tedros Adhanom Ghebreyesus said during a press briefing last week Monday that 'the number of affected dairy herds has almost tripled to 92 in 12 states'.

4 days ago

HKHedgeFund

不贪污又怎能致富呢?

4 days ago

mf

MULTIPLE PROPOSALS SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY") I. PROPOSED BONUS ISSUE OF SHARES; AND II. PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
SUPERMAX CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY")

I. PROPOSED BONUS ISSUE OF SHARES; AND

II. PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposals.

We refer to the earlier announcement dated 18 December 2024 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 19 December 2024.



This announcement is dated 19 December 2024.

4 days ago

mf

Emergency flu admissions to hospitals DOUBLE in just one week
Story by Claire Elliot For The Scottish Daily Mail • 4h • 2 min read

3 days ago

NatsukoMishima

Ytl , ytlpwr , ranhill , vstec = Malaysia DC King in future ! No need to attack because US n Europe already stock pile many gloves for future 4 years , 20 % tariff on Malaysia glove will make glove companies loss money again ! Hot money all move to MALAYSIA DC KING IN FUTURE !

3 days ago

Adam92Rosli

Great! Foreign fund is buying back Kossan

3 days ago

Chipee

Bird Flu in USA ... state of emergency in California and Louisiana

https://www.usatoday.com/story/news/health/2024/12/18/bird-flu-cows-dairy-person-infected/76989489007/

3 days ago

Post a Comment