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Change in Risk CommitteeNo Risk Committee update available for this company. 18 people like this. Albukhary 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. 22/02/2024 7:25 PM Chipee 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. 22/02/2024 9:47 PM Chipee 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. 22/02/2024 9:58 PM Chipee 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. 22/02/2024 10:28 PM Chipee Yes yes ... it will fall to 25cents.... πππ 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. 24/02/2024 10:10 PM Chipee 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 .... 24/02/2024 10:10 PM Chipee 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. 28/02/2024 2:45 AM TillyLovers Will Kossan break RM 1.90 today? Let guess the closing price today, RM1.93. 28/02/2024 11:35 AM TillyLovers It seems my prediction is wrong. Now the price further drops to RM1.87 28/02/2024 12:27 PM Chipee 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. 28/02/2024 12:44 PM Chipee 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. 06/03/2024 10:01 AM dompeilee 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! 11/03/2024 11:40 AM Chipee Best Buy13020 Best Sell 6061 More bid to buy than sell by more than double... and price is depressed. Weird. 11/03/2024 4:24 PM Chipee All glove companies are up except Kossan? Big players manipulating the price. 11/03/2024 5:00 PM ryoyagod Quite weird... Kossan didn't move up much after ABRDN and EPF collected it 12/03/2024 9:23 AM Chipee Best Buy 20638 Best Sell 6840 Buy bid is 3 times Sell. EPF and ARBN is buying for sure. 12/03/2024 2:45 PM dompeilee 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!ππ±πΌ 13/03/2024 9:05 AM ChandranG Nice choice, dompeilee. I believe Kossan will break RM2 again and continue to move higher for sure 13/03/2024 4:21 PM Chipee I hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24. 14/03/2024 1:28 PM ChandranG then can say that Kossan will present decent gross profit margin in the next q 14/03/2024 4:29 PM ryoyagod Nice, EPF collected again. They sold myeg and buy this π https://klse.i3investor.com/web/insider/detail/SBSH_581858_2019809574 22/03/2024 9:56 AM ChandranG dividend is coming on 8 Apr. Use that money to reinvest in Kossan π 26/03/2024 12:08 PM | |