TS Lim Kuang Sia got 70,238,904 Kossan shares (Not including privately owned share in Kossan Sdn Bhd).
Yesterday, he sold 4mill shares is 5.6% of his porfolio. If include shares in Kossan Sdn Bhd, it is probably less than 1%.
Say he sold at Rm2.75 x 4 mill = Rm11 million.

Like I said Lim Kuang Sia damn pariah ceo. Do day trading on his own company. 70 years old already. Maybe want to enjoy his life before kick the bucket. 😂😂😂

Yesterday's shoot up is just a taste to come. Trump election win (if he wins) gonna be spectacular for gloves.
I'm still holding. Whether it's Democrats or Republican, US sentiment on China is negative. My bet is on that sentiment. As far as I know, Kossan & Harta are the only companies that weren't banned by US at port entry during covid for ESG violation. Kossan is working towards Harta setup with automation and efficiency. Rm2b in cash allows them to upgrade. All these naysayers are day traders. Background noise like mosquitos. LoL

Yesterday's shoot up is just a taste to come. Trump election win (if he wins) gonna be spectacular for gloves.
I'm still holding. Whether it's Democrats or Republican, US sentiment on China is negative. My bet is on that sentiment. All these naysayers are day traders. Background noise like mosquitos. LoL

Aiyah ... It's all so obvious. US wanna cari pasal with China la. Nancy Pelosi visit to start war with China but Emperor Xi is too smart for her. If Trump wins this election, expect higher tariff.

But I'm still invested. Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

Just like YTLPower ... have not install their nvidia gpu ..their price already shoot up to Rm5+. WHether can make money or not ... their price already shoot up. Imagine glove companies that will have CERTAINTY on tariff on Chinese gloves. Ride the wave up from this point onwards. ..until news changes.

TAN SRI DATO' LIM KUANG SIA dispose ... that's why institution investors dislike Kossan.
CEO himself dump own share when sentiment is good. Damn pariah one this fella.

Good luck KimSua. Thx for playing.

Still ... Kossan is abt 35% above pre-covid value.
Harta is 25% BELOW pre-covid value. ... Actually Kossan is the only glove company way above pre-covid value.
This "useless" company is better than Harta. LoL

Sweetchocalates

As typical, most useless glove stock among the big players. Laggard like in 2020 lol

Oh and Kossan already started giving dividend compare to Harta.

Kossan up slower than the rest. Market is still trading on old mindset (basically pre-Covid). Kossan has almost zero debt and Rm2bill in cash. Utilization rate can easily filled up for higher demands. And their cash position can easily finance for expansion or production improvement (automation). We will see their Q1 2024 result and subsequently Q2.

Thx you KimSua. Good read.

COVID is over. I believe USTR will not extend the tariff exclusion beyond May 2024.

KimSua

Operations in HARTA and Topglove ramping up more lines relentlessly for last 3 months. What do you think is happening. US is preparing to diverse suppliers and reduce exposure to China as the tariff exclusion clause 301 most likely to end by May.

Got a feeling Kossan wants Harta to release their results first. What do you guy think?
Before covid, Kossan usually release around 25 May.

You can check in 'Simply W@ll Street' (Google it). It shows in "Ownership" section.
(Replace @ with 'a' ..... I don't know why forum disallow posting my comment.

TeoYeo
I saw someone saying that Kenanga further increased its stake in kosaan, I don’t know if it’s true or not.

Yup he is back. Kossan from Rm1 to Rm2.30 .. He keep bad mouthing Kossan. And Kossan keep going up.
Miss the boat? 😂😂😂🤣😂😂🤣😂🤣

Wahlau... why so late the Q1 result? ... sigh

Hopefully, taking so long ... sigh

KimSua

The qtrly by today?

KENANGA wrote a NEGATIVE review on glove and yet increase their stake in Kossan by 75.6%.
Never trust opinions on these institutional analysts. They have their own agenda.

US GDP Q1 24 is lower. IF Kossan can show good financial result Q1, we can see a rotation play that's favourable to Kossan.

Tomorrow Kossan release Q1 ... usually after office hour. Dam sien ... But result hopefully very good. No more impairment.

Kossan Sdn Bhd is in those deals. Not Kossan BHd. So has nothing to do with us.

Kossan released 2023 annual report today. Q1 24 report shld be out 2 days later ... on Friday.

Shouldn't Kossan be releasing their Q1 result by now?

Totally agree. The price would had been higher now.

Deekay
Bcos they have in excess of 70sen a share at least in cash in their books and with no new opportunity for expansion. They should have do this earlier by giving more back to the shareholders.

Moving up for dividend. Be careful after ex-date.

Fair value is Rm3. Base on same outstanding shares.

Kenanga said glove in underweight but support buy on the WORST of glove company... Supermax.
To me Supermax is worst bcoz the operate manufacturing in US. Highest labour cost for such low price product.

Best Buy 10127
Best Sell 1363

Buy is almost 10x more than Sell. Lets it see go up.

EPF is buying even AFTER ex-date for dividend is promising.

I hv been observing Nat gas price staying below $2. ... I believe Kossan can make good profit 1Q24.

Best Buy 20638
Best Sell 6840

Buy bid is 3 times Sell. EPF and ARBN is buying for sure.

👍👍👍

xiaoeh

Good comments sharing Chipee

All glove companies are up except Kossan?
Big players manipulating the price.

Best Buy13020
Best Sell 6061

More bid to buy than sell by more than double... and price is depressed. Weird.

i've been waiting for 50cent for some time ...sigh...

Oh missed out another group of players. I call them Kopitiam Players.
They make FLIMSY comments based on rumours, personal feelings and crowd mentality.

Their comments are useful only for this reason. When price is up high and I see many of such comments to BUY because of their Kopitiam comments. It's time to SELL. This is no difference to this anecdote "when I hear the shoe shine boy talking abt the market, I know it's in a bubble".

Dear Investors,

Firstly, you must differentiate yourselves to be a long term investor or day trader. Then decide to buy, sell or hold. You can even be both by trimming some in cash position to buy more at lower price.

"Market expectations" on QR results are mainly institution investors. It doesn't represent the WHOLE market, which includes retail and some foreign investors. And institution investors are humans too. They have no psychic power to see the future QR results and price. It is only their EXPECTATION. The only difference is they have HIGH cash and equity position to somewhat move the market. But that is only on short term basis. So day traders usually (and should) play according to their music.

Anything else, like cost, demand (sales) and even the MYCC fine is just part of doing business. You must understand when some players shout BUY/SELL when price is moving up or down signifies them to be long term or day traders.

When price rockets up and they shout BUY are usually day traders. They are playing on sentiments and price movements. They will sell for profit and look at technical indicators again to decide on BUY/SELL.. They are gambling (and nothing wrong with that) by using technical indicators to better their odds.

When price plummets down with fundamentals still intact and they shout BUY are usually long term investors. Buying low to have Margin of Safety and hold for dividend or greater capital gain in the future. As mentioned earlier, some trim 20-30% of their position to have cash and buy when price is low. They will increase their total shares gradually. They too use technical indicators to decided.

So stop whining if you don't do your homework. Take any advise to BUY/SELL from this forum with a grain of salt.

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.

2 big buyers are in.... Good. Clear up weak hands.

You should scroll up to old comments on Clarinden in this forum. They bought the share way below IPO price. They still make profit selling at 60cents.


bose00

The big investors eg Clarinden taking a huge loss frm this investment. From IPO and now at a discount selling a 1/2 price at 0,5x-0.7x.

Something goes wrong that we don’t know ? (Any info)

ARBN is buying. Nice.

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.

Free Cash Flow end of 2023 is 830million. That's crazy good.

I think they think can boost the shares they own by making comments like that 😂

SMInvest

Chipee @ They are very low morale and low educated

I don't why there's always some !d!ot come to forum telling people to buy another company?
And totally unrelated industry or analysis. 😂😂😂

It drops to 50cent... I'm loading up.

"Quarterly results is quite distorting" = Totally agree with this statement

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.