I am waiting for these event to happen in China. China manufacturing out from US market. Competition from China in the glove sector is eliminated. Lets hope.

https://theedgemalaysia.com/node/673621

ABRDEEN is making Kossan look good. They keep accumulating.

You see ABRDEEN bought at 1.28-1.30 range while TP is 1.08. Why? Never trust TP.

Foreign investors leaving Msia. Good time to pick up some good shares if you hv bullets.
TP from institutions will be lower when they want to buy. Higher when they want to sell. .. I don't really care Target Price reports. I take them as my opponents.

Turnover can be down. Net profit is most important.
Anyway, I was in at 1.05 when KWSP was dumping last year. I'm good. No need to average down. Long term for me.
alenac
Averaging down? Turnover declining every quarter till the last one. What's the rationale?

YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

Q2 report better be profitable for Kossan to see it move up. Harta and Topglove are big so their overhead cost is high. They will hv harder time to be profitable.

Something abt financial service bcoz Bjcorp bought a license to venture into the financial sector.

Kossan boss buys Bjcorp at private capacity. Not with Kossan Bhd's money.

What show is that?

Foreign investors leaving Msia market. I suspect they are heading for Japan market.

The whole market is down. Expect to drag Kossan down too.

hopefully G7 meeting would decouple their economy from China. This would shoot Kossan to the moon.

rohank71 ... why u say like that? Any proof?

SonniaFang . No idea but won't be as big scale as Harta. Decommission old lines is good. Maybe upgrade to latest and more efficient system. Less labour. Better margin in the future when market normalize. I;m in it for the long run.

SonniaFang ... Yes. <CORRECTION>

“With idle capacity available, Kossan also took the opportunity to decommission two to three older manufacturing plants that are less efficient, and to only focus on newer and faster lines in order to improve cost efficiency,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Harta is profitable at 41.2m without the loss of decommissioning their Bestari Jaya plants. I think gloves has turned the corner to profitability.

StartoftheBull: Yeah .. I don't why Kossan is so hated when it is the most well managed.

Endgame : It's ok. I was already in at average 1.05 way back when EPF was dumping. I'm good.

Aiyah ... miss the boat.

Below 1.10 .. I'm stocking up.

Endgame: Where u got this news? U invent yourself is it? Show link la...

DestinyL ... True. I agree. If Kossan can capitalize their 2 billion cash to automate their production and reduce labour workers would be good.

“With idle capacity available, Kossan also took the opportunity to decommission two to three older manufacturing plants that are less efficient, and to only focus on newer and faster lines in order to improve cost efficiency,” said HLIB Research in a report.

From here: https://www.thestar.com.my/business/business-news/2023/02/14/weakening-asps-high-costs-to-affect-kossan

Natsuko must had got burnt bad losing money in glove stocks .... hahaha

Kossan shld just pay better dividend with their 2 billion cash. Their price shld be higher too. Kossan is like the kiamsiap uncle keeping all his cash under his mattress.

Harta just pays better dividend. Also, that's why NTA lesser than Kossan.

If Kossan is loss. Harta and the rest will go into loss too.

Yeah .. kinda late.

If it hits 1.10. I'm going accumulating more.

Nat gas just hit below $2. Energy cost for gloves has GONE DOWN!!!!
Hopefully a profitable year for Kossan.

Wait for earnings this week. Hopefully back to profit comparable to 2019. Nat gas and freight down since Jan 2023.

Kossan is seriouly hated by local institution bcoz they sell during covid price spike. To win them over, Kossan better start giving good dividend and NO share buyback.

There was a share split 2:1. So maybe 2.50? But Kossan is holding 49% shares. Hopefully they are dealing outside market to get another big player like Aberdeen to buy and hold big portion.

Operator will dispose at Rm2

End of April will hv earnings report on Kossan. I expect back to profit with lower nat gas prices and freight cost

DestinyL... Thank you.

DestinyL ... where do you check this short seller info?

Bcoz they want to suppress price so they can buy. I don't trust analysts. Their agendas makes them competitor to retail investors like us.

If recession comes, healthcare will go up. Kossan will go up.
Anyway, I see natural gas and freight index being down for the past 3 months. ... Q123 hopefully will see profit for Kossan.

Xi visiting Putin.... Nice. Hopefully western side ban all China import. Kossan gonna go to the moon..

Sharefisher: Yeah hopefully they get short squeeze

Breaking news: Endgame is the guy who hope Kossan drop below Rm1 to buy ... Now he is regretting it. LoL

You guys notice .. Kossan always the black sheep in the glove industry? Although has lots cash and managed well .... price is always suppressed. Even TG make a loss is up 9.58%

All the banks problem shows recession is coming. Expect a long recession. So healthcare stocks usually go up. To secure earnings in bad times. Staples is also up like food products like poultry etc

If EPF sell, it will show in Bursa announcement. Not showing in announcement so Tan Sri and ABRDN buying from market.

THE STAR
PETALING JAYA: Leong Hup International Bhd’s wholly-owned subsidiary, Leong Hup Feedmill Malaysia Sdn Bhd (LFM), could be fined RM157.47mil if it is found guilty of infringing Section 36 of the Competition Act 2010.

That would wipe out 72% of 2022 net profit !!!!

Relax la @good123 ... Ex-date for dividend coming. Maybe the reason.
Real test is if price maintain and up after ex-date?

Btw I am also in LHI ....

Indirect/deemed interest (%) 5.074
This holding is more than KWSP holding of 4.6%

Just make a quick calculation.
From 2006 - 2019, Total net profit after tax = Rm1.82 billion. Of course some money is spent on capex, expansion and dividends. And price just gone up from Rm0.15 to Rm2.15 from 2006 to 2019.

And here we are TODAY with Rm2 billion in cash, the share price is ranging around Rm1.
We have THIRTEEN (13) YEARS of FREE CASH IN HAND!!!! Think about it.

Just make a quick calculation.
From 2006 - 2019, Total net profit after tax = Rm1.82 billion. Of course some money is spent on capex, expansion and dividends. And price just gone up from Rm0.15 to Rm2.15 from 2006 to 2019.

And here we are TODAY with Rm2 billion in cash, the share price is ranging around Rm1.
We have THIRTEEN (13) YEARS of FREE CASH IN HAND!!!! Think about it.