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

1.66

Today's Change

+0.04 (2.47%)

Day's Change

1.62 - 1.69

Trading Volume

3,208,200

Corporate Figure or Shareholder
Discussions
17 people like this. Showing 50 of 15,561 comments

Chipee

Volume for today looks small for EPF or Abrdn to be involved.
Scenario may change after lunch.

1 week ago

Chipee

Kanasai ... Supermax loss money affect Kossan meh?
THat;s why I said Kossan is better managed compare to all the glove companies.

1 week ago

teknikal

Support 1.50 followed by 1.35.

1 week ago

Chipee

Hmmm ... I don't think so lor...

teknikal

Support 1.50 followed by 1.35.

1 week ago

zzzzz

Below RM1.60 soon... hopefully rebound later

1 week ago

Likesung

Cheapermx sabotaj lo

1 week ago

5354_

Supermax why QR loss? Spoil gloves show.

1 week ago

Chipee

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.

1 week ago

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 week ago

dirckcreak

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 week ago

dirckcreak

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 week ago

Chipee

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 week ago

BobAxelrod33

@Chipee, don't mind to share on what basis of the ranking????

1 week ago

Chipee

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 week ago

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 week ago

Chipee

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 week ago

Chipee

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 week ago

Chipee

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 week ago

Chipee

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 week ago

ryoyagod

In a nutshell, Kossan and Harta are superior now 😁

1 week ago

BobAxelrod33

Sssshhhhh....Andre......already spotted when he first posted!

1 week ago

Endgame

Abrdn buy bck

1 week ago

Endgame

Who sell ytd all kena trap or buy back again

1 week ago

Chipee02

Why my Chipee account cannot comment liao?
This is my 2nd account. Wahlau ...cannot give analysis on stock here?

1 week ago

yfchong

fully valued ? until Aberdeen starts selling ?

1 week ago

Likesung

Very funny lah still hoping new virus kah, even new virus also goreng up few few cent only after that taking profit liao

1 week ago

Chipee

Nobody is hoping for NEW VIRUS la.... Case goes up, usage of gloves goes up.
Common sense la.... Ohio and Europe increase cases of pneumonia due to bacteria. U think we hope for kids to die ... Wahlau eh!

1 week ago

BobAxelrod33

Post removed.Why?

1 week ago

BobAxelrod33

....especially true for chimpanzees........(sounds familiar)

1 week ago

Likesung

When I saw always sharing covid case lah I feel funny lo

1 week ago

ChandranG

sharing is caring 😆 no need to hide from the bad news that occurs around the world

1 week ago

Likesung

Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize

1 week ago

Chipee

Ya. I know. Don't count on "new virus". Have to wait for another 100 years.
Waiting for oversupply during covid to finish and back to pre-covid orders/demands.

Likesung

Chipee
Now covid is very mild nothing different with normal cold so gloves supply are normalize

6 days ago

klee

Spore covid cases breached 22k in nov.

5 days ago

Likesung

Even 200k no use lah they still go shopping , working, eating outside so who care about it

5 days ago

klee

This no use that no use,the fact is kossan has appreciated some 70% from its low below rm1.Not 7% not 17 %.Must be some no use fund buying it up.Lol.

5 days ago

Penang_lang

EPF belong to no use fund?

Posted by klee > 13 minutes ago | Report Abuse
Must be some no use fund buying it up.Lol.

5 days ago

Penang_lang

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

5 days ago

klee

Penang lang,I think you misunderstood me.I am being sarcastic.

5 days ago

klee

Read few comments above me ...lol

5 days ago

Chipee

Lu ho liao ... And lu are correct. Kossan is good. I'm excited to see Q4 result ... But hv to wait Feb 24 ... Some more dragon year ... see got boost on sentiment boh? Hehehe...

Penang_lang

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

4 days ago

Chipee

This current ups and downs ... I take it as normal trading pattern. I ignore it. Does not upset me.

4 days ago

ryoyagod

normal thing for a stock to behave like a wave

4 days ago

TillyLovers

Is Kossan starting a down trend?

3 days ago

ChandranG

stagnant instead of downtrend I think ...

3 days ago

ket4212

little adjustment!no fuss

3 days ago

Chipee

Covid hospitalization increase in US and Europe. It comes in wave. Hopefully use up all old gloves and restocking is in order.

1 day ago

Chipee

And I see natural gas is ranging around USD2.50. Good.
This was the cost that caused losses to Msia gloves.

12 hours ago

Post a Comment