ChandranGgive me more cheap price, I wanna collect. haha
22/02/2024 9:06 AM
AlbukharyThe 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
bb2ualwaysOperating profit of RM39 million is consider very good achievement
22/02/2024 7:34 PM
ChipeeOne-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
ChipeeActually 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
ChipeeOn 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.
TillyLoversIs that possible to buy below RM 1 next week?
24/02/2024 10:12 AM
ChipeeYes 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.
24/02/2024 10:10 PM
ChipeeCompare to Hartalega ... Harta revenue dropped 8% from last quarter. Kossan revenue only dropped 0.8% from last quarter.
ChipeeLike 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.
Chipee 2 big buyers are in.... Good. Clear up weak hands.
05/03/2024 9:10 AM
ChipeeYou 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.
carimakantime to buy ka? prepare wang besar skit.. baru syiok maa!
10/03/2024 3:50 PM
dompeileeIf 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!
Buy bid is 3 times Sell. EPF and ARBN is buying for sure.
12/03/2024 2:45 PM
dompeileeWell, 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!😊🎱🎼
13/03/2024 9:05 AM
ChandranGNice choice, dompeilee. I believe Kossan will break RM2 again and continue to move higher for sure
13/03/2024 4:21 PM
ChipeeI hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24.
14/03/2024 1:28 PM
ChandranGthen can say that Kossan will present decent gross profit margin in the next q
14/03/2024 4:29 PM
ryoyagodI predict Kossan will pass Rm1.90 next week 😎