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

2.43

Today's Change

-0.01 (0.41%)

Day's Change

2.40 - 2.53

Trading Volume

7,061,700

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
18 people like this. Showing 50 of 15,851 comments

5354_

2024-05-16

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,189,200 shares on 13-May-2024.

2024-05-16

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 600,000 shares on 13-May-2024.

1 week ago

5354_

Luckily TS Lim Kuang Sia no more sell today, who sell?

1 week ago

5354_

Maybe tomorrow Kossan turn to rebound.

Sweetchocalates

Tg supermx harta have rebounded. What is kossan doning??? LOL

4 hours ago

1 week ago

ChandranG

Uncle Lim took profit and earned 💰💰💰 Example of buy low, sell high

6 days ago

Albukhary

Very confidence today will break RM2.60.
Next week will be challenge RM3.00.

6 days ago

Epseps

Base on your words I will buy more later. Lol

6 days ago

Chipee

Some comment I post in Harta forum I share it here.

From @Albukhary information, I can say 300 retail investors can't really move HT price nor ALL retailers in Malaysia to move such gap up. Market movers are still foreign and institution investors. So for me, it is still bull on glove. Tariff on China is really a macro analysis and that is usually forward indicator. Big institutions play mainly on forward indicator 6-12 months ahead.

Negative sentiment on China (abt Taiwan and Ukraine war) finally see fruition in Malaysia glove. I rubbish tariff on Malaysia bcoz US has no negative view on Malaysia. I would see US will want to be friendly with Malaysia to have more ally in their global positioning right now. Even before 2026 for the tariff to take action, I see US will make an effort to block China gloves at port entry-point to discourage their US big buyers to choose China gloves. Tiktok debacle in US is a strong indicator and that's Biden's administration. Imagine if Trump wins.

All these effort is to prevent China getting USD and cripple China's economic and financial global expansion while USD still has value. The real reason is defending USD as international trade currency and BRICS is the culprit. Why do you think US starts a war with Russia with Ukraine as proxy. Do you think Zelensky got the balls to oppose Putin if US doesn't back him up? Why do you think Nancy Pelosi visited Taiwan? Also to start a war with China. Now US is using Philippines to start this war. China and Russia is using Gaza war to paint US and Israel as a the bad guys. Russia is actually backing up Iran in this war. The two giants are rallying to shore up allies on their side. Countries that are neutral benefits the most.

At this moment, playing Malaysia stocks, any companies that exports and collect USD are the beneficiaries. Harta and Kossan are my 2 main pick bcoz their gloves comply with ESG requirements and was never banned at port entry.
There will be up and down due to day traders and such but it's bull unless US has any financial crash. US recession is consider soft landing and can be good for gloves being in healthcare sector. Gloves is also good in food preparation industry like slaughter house for process food industries. Restaurants could be impacted negatively but process food is bigger than restaurants. Healthcare and food are staples thus do good during recession.

I hold gloves as a long play. If I sell glove, there are no undervalued stock in Malaysian stocks on the same play. Holding in cash will only offer small interest rate. THere is still a good run up on gloves. It just started.

6 days ago

KimSua

Pull back is very low volume and top glove is still heavily shorted from 0.65 to 0.89 within 3 days. (net short pos). I suspect this round is short it down (intra day) for big funds to accumulate. Accumulation phase. Kossan seems to be less impacted by this and stable. This low volume pullback is a good sign. Can decide to go back in. Kossan Qtrly should be above average. Good price now, done with Top Glove as too dodgy

6 days ago

Chipee

@KimSua ... May I know where you check the short data?

6 days ago

KimSua

I just use bursa site. Some might have better access but bursa is good enuf. Net short only show for 1 day and no trend. Hv to self plot

6 days ago

xiaoeh

good sharing KimSua and Chipee
appreciated

6 days ago

KimSua

The flirt variant is hitting US as well.

5 days ago

Chipee

IT did not increase hospitalization though. Maybe the symptoms not so serious. I think the covid case is not so relevant for glove now. Just focus on China-US rivalry.

4 days ago

Genovese

QR report not yet out. Any date announced by management?

4 days ago

raizalmyinvests

I don't think the limit up momentum will continue.

4 days ago

Mini2021

If limit up cant then slow up can?

3 days ago

mf

sell

3 days ago

ChandranG

Still holding it 😄 Money money home

3 days ago

Chipee

Oh... hospitalization rate increase. Something to look into.

stncws

https://www.chinapress.com.my/?p=3936851

3 days ago

KimSua

QTRLY should be out this week by Friday. Today might be possible due to wesak tmrow. Hope to see another round of interest.

2 days ago

Chipee

Harta saw an increase in revenue from previous quarter 27.5%. I hope Kossan can be the same. And increase in net profit too.

2 days ago

Chipee

Whoever release financial report first becomes the bell weather for the rest. 😁

2 days ago

Chipee

Harta financial reports higher ASP and higher demand/revenue. Their diminished profit is due to cost to ramp up NGC Sepang operation. Basically big operation moving from Bestari Jaya to Sepang. Hopefully Kossan has no such operation. Just in situ improvement to operations. And no more impairment losses.

2 days ago

KimSua

Support is still very strong . Strong closing candle for harta. Flag pole and pendant pattern forming. High chance to continue the upward momentum in the near term. Simlar pattern seen for Kossan . Hopefully Kossan qtrly will satisfy the market with qtq increase in revenue and profit.

2 days ago

limch

Follow Harta release QR same day? Harta weaker QR not much drop but Kossan better QR how about tomorrow?

2 days ago

Chipee

Qtr Report is out.... sigh ... a bit disappointing but profitable. Revenue up 14%.

2 days ago

Chipee

I usually look at comparison to previous quarter to see the immediate business situation. Comparing yoy quarter is more on seasonality.

From Report:
Comparison of Current Quarter (“1Q24”) with immediate Preceding Quarter (“4Q23”)
For 1Q24, the Group’s revenue was recorded at RM451.63 million as compared with 4Q23 of RM400.15
million, the increase mainly from Gloves and TRP divisions. Profit before taxation (PBT) was RM40.98 million
in 1Q24 compared with RM3.43 million in 4Q23 (inclusive of a one-off impairment loss of plant and machinery
amounted to RM35.38 million).

The Gloves division’s revenue increased by 15.19% to RM379.63 million in 1Q24 from RM329.58 million in
4Q23 due to higher quantity sold. PBT of RM26.57 million was recorded as compared with LBT of RM9.30
million in 4Q23 (inclusive of a one-off impairment loss of plant and machinery amounted to RM35.38 million).

The TRPs division’s revenue increased by 10.14% to RM48.95 million in 1Q24 as compared with RM44.44
million in 4Q23 due to higher delivery of products in 1Q24. PBT recorded at RM8.92 million in 1Q24 as
compared with RM9.99 million in 4Q23.

The Clean-Room division’s revenue was recorded at RM23.05 million in 1Q24 as compared with RM26.13
million in 4Q23 due to lower deliveries. PBT recorded at RM2.42 million in 1Q24 compared with RM2.84
million in 4Q23 was in tandem with the lower revenue.

2 days ago

BursaVulture

good qr means drop

2 days ago

Chipee

We see how market react on Thurs. Tmr is Wesak Day. Market close.

2 days ago

Albukhary

When glove company is making huge loss, their cash in bank is very important.
Cash = Margin of Safety
Investor feel safe when they know this glove company has few billion in account and this money can ensure the company walk out from the crisis.

However, after the crisis past, the huge amount of cash in hand will become a burden.
It will drag down you ROE.. As all their cash can only generate very low income (3-4%), while investor is paying high PE for your stock (20-30 PE), so they need the company to generate high ROI. But because the industry has excess capacity and company cannot expand further, company must think a way on how to use the money to generate more income.
Is either you start to acquired other company, venture into new business, Invest in quoted securities, or you issue special dividend to investor.
Otherwise, your ROI will be continue to drag by your huge cash pile.

2 days ago

Sweetchocalates

Wow good qr. there should be some goreng on thursday.

2 days ago

Chipee

I rather have low ROI and ROE than have less cash. ROI ROE are just math. Cash is cash.

2 days ago

Albukhary

One of the example is INTCO, you look at their company announcement for the past 2 years, basically you can see that the company is actively investing in other business, subscribe to all kind of private equity products, because they have too much of cash, and they need the cash to generate higher return for them.

Top Glove has no such problem, as Top Glove spend too much money to buy back its share.
Supermax also no such problem, as they have use the money to purchase Airplane and build factory in US.
Harta have similar problem, but I believe Harta will continue to expand their NGC 2.0, 3.0.
So far only Kossan have this problem, perhaps maybe Kossan can start to expand upstream, such as acquired LUXCHEM, or expand downstream, acquired some distribution channel at Europe or US.

2 days ago

Sweetchocalates

Bro.. in bursa no one cares about cash, revenue, inventory etc … it’s all about profit

2 days ago

Albukhary

Yup, agreed that Profit is the King. That why I try to highlight that Kossan huge cash pile has become a burden, as this cash pile unable to help Kossan generate more profit.
Kossan need more profit to sustain its current share price.
Currently its EPS for Q1 2024 only 1.2sen.
It need more profit (i.e. 100mil per quarter) to justify its current share price.

2 days ago

Chipee

Remember in 2022. Kossan falls lowest to Rm0.98 while holding cash per share of Rm0.95. THat's 96.9% cash.
Meaning Rm0.03 constitutes the rest of the assets = plants, equipment, lands, business network, corporate structure etc. Dirt cheap.

And why prices can fall so low? Because Profit is King mentality. Traders look at price action and sell. To me that's gambling and totally ignore the fundamentals.

And why price can go up so high now? These upward trends:
> Demand gets higher. Revenue and profit get higher. (Proven)
> US-China rivalry. (Proven)
> Cost of production via automation and they have the cash to do it. Net profit higher (in progress)

I also forsee this regulative situation. Carbon credit. Kossan needs the cash to reduce their carbon footprint by investing in solar panels etc. Using natural gas instead of LPG. Government may require corporations especially public listed companies to buy carbon credit. I see Kossan has been doing that well.

I'm riding the long term trend. You can day trade but sometimes you can miss the boat. To each is own.

2 days ago

Epseps

@chipee well said. Just want to know Thurs mkt open price will up ?? Lol

2 days ago

bizzybone

No one uses ROE for the glove sector. Banks yes. Must know where and when to apply such metrics.

How can cash be a burden? With that cash pile, Co valuation is cheap.

It has lots of options: can do M&A, can pay out special div, can expand, can spend on more automation/optimisation, can earn more interest income. Co has more potential with such a huge cash pile. Its called a warchest for a reason.

Business has pretty much recovered. With the upswing in earnings, the growth part of the equation returns. Oh but earnings not good enough. Really? 1Q24 is 33% of Maybank's estimates (that's a beat). Kossan just needs to continue beating estimates and sellside will continue upgrading.

2 days ago

KimSua

With the rate on how well KOSSAN managed it's operating expenses vs Harta(ops expenses more than revenue due to decommissioning old to new plants), I won't be surprised KOSSAN market cap to surpass Harta by year end. Good luck, better reposition your glove portfolio

1 day ago

Lukey_Greek

too much cash with low profit = a slack management. basic finance knowledge.

1 day ago

Lukey_Greek

the current quarter financial result of Harta & Kossan show compression of profit still persist. Higher revenue with a same/ lower profit.

1 day ago

Chipee

I'll tell you on Thursday. 😂😂😂

Epseps

@chipee well said. Just want to know Thurs mkt open price will up ?? Lol

1 day ago

mf

Dow Jones

Dow Jones Industrial Average

39,671.04

-201.95

0.50%

Nasdaq

NASDAQ Composite

16,801.54

-31.08

0.18%

21 hours ago

KimSua

Buy lah sell later

19 hours ago

ChandranG

Kenanga remains a glove short seller 😅

https://klse.i3investor.com/web/pricetarget/research/71369

10 hours ago

Post a Comment