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Overview
Financial Highlight
HeadlinesBusiness Background 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.
  stockraider Kossan is one of the big 4 in gloves loh! It is the most cash rich counter of the 4 loh! 27/12/2022 5:37 PM 5354_ Why Kossan buy loss-making BJ Corp? No wonder down 5 sen. Want to own PB Bank indirectly is it? 28/12/2022 2:42 PM kl_guy BJ CORP , VT is a buaya klse. Anytime can makan the shareholder quitely . Kossan boss still go and deal with him. All the best. 30/12/2022 8:02 AM DestinyL Nothing to do with Kossan Berhad, unrelated https://www.youtube.com/watch?v=Uln1GI9FtnI 30/12/2022 8:48 AM vic_amat87 Kossan hold cash equal to 80% of current share capital. They easily can privatize kossan if they want. Safe to hold kossan. Defensive stock with cash reserve. 03/01/2023 12:58 PM DestinyL Strength of Harta would be being technical leader in the industry, and a very much upsized capacity which can leap further once demand returns. Both have their advantages 04/01/2023 5:23 PM Sharefisher Add another batch of kossan, so long waiting also cannot get below 1. 05/01/2023 10:21 AM bang_miskin Reached 1.04, accumulate. Below 1 accumulate some more. QR next month very likely red, yet I still buy. People go Genting and judi. I go Bursa and judi. Who will lose more? 12/01/2023 3:29 PM Endgame Breaking news: Kossan owner acquired more Kossan share in the open market in view of improved ASP and plant utilisation. Kossan owner commented the situation and market of glove market is in recovering stage, company expected to normalise profit in few quarters 13/01/2023 7:13 AM DestinyL Natural gas prices have fallen very drastically, probably not reflected in share price 16/01/2023 11:15 AM Endgame Breaking news: Harta owner optimistic with the recover of glove ASP and plant utilisation and significant decreased of direct material price. Kossan plan to reward long term investors 17/01/2023 4:49 PM Endgame Breaking news; KUALA LUMPUR: Kossan Rubber Industries Bhd could be loss making in the first quarter of financial year 2023 (Q1FY23) as utilisation rate remains low at 50 per cent. According to Public Investment Bank Bhd (PublicInvest), Kossan's earnings were expected to narrow in FY23 due to dampening average selling prices (ASPs) and escalating costs. "As Chinese nitrile producers slashed prices to as low as US$13.50 per 1,000 pieces in November last year, ASPs are expected to remain under pressure in the coming quarters. "Meanwhile, the average natural gas price has increased to RM64 per one million British thermal unit (MMBtu) in January 2023 from RM55 per MMBtu, while electricity cost increased by over 30 per cent. In addition, labour cost remains elevated due to supply shortage," PublicInvest said. Although latex prices had eased, the firm said it was not sufficient to offset the impact of rising energy and labour costs. However, Kossan's Technical Rubber Product segment should provide some cushioning effect though contribution is unlikely to grow, but to remain stable in the near term. PublicInvest added that overall market demand remained weak with consumption falling below pre-pandemic level, mainly due to stockpiling and inflationary pressure. "Therefore, we believe major customers would not have the urgency to place huge orders in the near term. "Even though China is currently facing an outbreak due to the highly contagious Omicron variant known as XBB.1.5, a sudden surge in demand for imported gloves is not expected to occur as China has sufficient capacity to meet the potential increase in consumption," it said. PublicInvest said Kossan was taking steps to reduce cost as well as conserve cash. Despite its strong net cash position of RM1.9 billion, Kossan has placed its near-term expansion plan on hold amid oversupply issues. "The number of its total workforce has also been cut from 7,000 to 5,000. We believe staff strength will continue to fall as Kossan adopts greater digitalisation in its production process." PublicInvest trimmed its FY23-25 earnings forecast by 39-40 per cent to reflect lower ASPs and higher operating cost. It also downgraded its call on Kossan to "Underperform" with a lower target price of 75 sen from RM1.23 previously. 18/01/2023 11:12 AM tingpangeng Buy and sell based on analyst report ? If analyst prediction is accurate , he/she will be the richest person on earth. Think about it ! 18/01/2023 3:07 PM tingpangeng Quote: JPMorgan says a high cash position might still be the best strategy for investors, followed by high dividend yield equities such as British American Tobacco (Malaysia) Bhd, Gamuda Bhd, Malayan Banking Bhd, RHB Bank Bhd and Genting Malaysia Bhd, which offer a 6% to 9% FY2023 estimated dividend yield. It also likes IHH Healthcare Bhd for being recession-proof and Kossan Rubber Industries Bhd as a defensive stock due to its cash holding of about 80% of its market capitalisation. 18/01/2023 4:14 PM Endgame Breaking news: Cash rich company Kossan expected to reward shareholders from the excess cash which obtain during the Covid19 pandemic time with expectation Q2 2023 operational back to normal. 20/01/2023 5:17 PM tingpangeng That will be a welcome move without compromise funding needed for future expansion and contingency events 20/01/2023 9:06 PM Fat_tat BJ Corp 25 sen collected so far how much? Almost 8%? Why Kossan cannot sell for profit? 25/01/2023 11:51 AM Endgame Breaking news: Kossan will explore to acquire new growing business with the existing strong cash flow which obtain during the Covid19 pandemic to improve the revenue pipeline and bottom line result 28/01/2023 1:15 PM stockraider Do not be silly loh! U can sell Bjcorp later at above Rm 1.00, why go for peanuts leh ? Posted by Fat_tat > 4 days ago | Report Abuse BJ Corp 25 sen collected so far how much? Almost 8%? Why Kossan cannot sell for profit? 29/01/2023 11:55 AM Wealthy99 The biggest mistake ever made by Kossan boss is to acquire BJcorp. This is shark met "Sharkest" 06/02/2023 8:04 PM Sharefisher Steady.... Just hope got dividend as rewards for holding kossan. No 2 no sell. Haha ha 08/02/2023 11:02 AM  |
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