KLSE (MYR): KOSSAN (7153)
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Last Price
1.86
Today's Change
+0.02 (1.09%)
Day's Change
1.83 - 1.87
Trading Volume
825,700
Market Cap
4,758 Million
NOSH
2,558 Million
Avg Volume (4 weeks)
4,612,145
4 Weeks Range
1.78 - 2.06
4 Weeks Price Volatility (%)
52 Weeks Range
1.17 - 2.17
52 Weeks Price Volatility (%)
Previous Close
1.84
Open
1.84
Bid
1.86 x 383,900
Ask
1.87 x 225,100
Day's Range
1.83 - 1.87
Trading Volume
825,700
Latest Quarter | Ann. Date
31-Dec-2023 [#4] | 22-Feb-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 27-Apr-2024
T4Q P/E | EY
334.50 | 0.30%
T4Q DY | Payout %
1.08% | 358.80%
T4Q NAPS | P/NAPS
1.50 | 1.24
T4Q NP Margin | ROE
1.08% | 0.37%
2024-03-18
2024-03-18
2024-03-13
2024-03-13
Sector: HEALTH CARE
Sector: HEALTH CARE
Subsector: HEALTH CARE EQUIPMENT & SERVICES
Subsector: HEALTH CARE EQUIPMENT & SERVICES
Description:
Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber?s revenue is generated through exports outside of Malaysia.
no, the counter drops to RM1.98. Might continue to further drop like no tomorrow.
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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 ....
3 weeks ago
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.
2 weeks ago
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.
2 weeks ago
You see what EPF is doing. EPF buys high volume and sell low volume. They are pushing the price down when selling. So they can buy back at lower price. Playing with sentiment.
1 week ago
If I didn't sell down 76% of my accumulated stake above $2 recently, my paper profit would have vanished by now....fortunately I crystallized 428.28 of net profit on those 4 partial sales!
1 week ago
Best Buy13020
Best Sell 6061
More bid to buy than sell by more than double... and price is depressed. Weird.
1 week ago
Best Buy 20638
Best Sell 6840
Buy bid is 3 times Sell. EPF and ARBN is buying for sure.
6 days ago
Well, I just SOLD down my remainder stake @ the $1.87 open down to the last 388 shares, which I will likely hold on for posterity as a sentimental reminder of a rare 100% win record on a glove stock!😊🎱🎼
6 days ago
Nice choice, dompeilee. I believe Kossan will break RM2 again and continue to move higher for sure
5 days ago
I hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24.
4 days ago
Patron
EPF is back !
4 weeks ago