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2020-12-12 22:05 | Report Abuse
JP Morgan valuation of TG at half of its current market price ie RM3.50 per share is the most ridiculous and stupid target price i have come across. Why?
The current market cap of TG as at 12 Dec 20 is RM56b. Half of that is RM23b. Now we know that for the financial year 2021, TG will very likely make PAT of RM10b.
So if the market cap goes down to RM23b, TG will trade at PE of 2.5!!!!! Hahahha..
That’s the PE of a company about to go insolvent..Not a growth company, even super normal profit is likely to taper off...
How stupid !!!
2020-11-23 20:18 | Report Abuse
Kossan big boss bought 500,000 Kossan shares today. Good news!
2020-11-17 20:48 | Report Abuse
Kossan big boss bought 459,700 Kossan shares today. Good news!
2020-11-10 01:10 | Report Abuse
Top Glove ADR volume is very thin. Mere 29,000 shares done as at now.
2020-11-09 22:57 | Report Abuse
TG up US$0.04 in NYSE now. TG is traded as OTC in NYSE.
2020-09-21 21:22 | Report Abuse
TG bought back almost RM100m shares again today..
2020-09-12 01:02 | Report Abuse
2020-09-11 23:05 | Report Abuse
Today not only good for all TG shareholders but also good for Malaysia as a whole cos we all are together no matter what race and religion and fight one common enemy ...
2020-09-11 22:44 | Report Abuse
hahhaa that’s a good one Tiger Wood .. BAGUS !!! kakakak
2020-09-11 21:36 | Report Abuse
Tan Sri said his ultimate vision and aim is to break into Forbes Top 500 Global..
2020-09-11 21:24 | Report Abuse
Monday sure panic buy haha
2020-09-11 17:42 | Report Abuse
Thnks for d info waltzinggeab
2020-09-11 07:17 | Report Abuse
China Intco Medical Supplies also makes gloves. Its share price up 7% yesterday.
2020-09-11 07:05 | Report Abuse
China Intco Medical Supplies also makes gloves. Its share price up 7% yesterday.
2020-09-10 18:34 | Report Abuse
tomorrow public panic buy pula... hahaha
2020-09-10 14:04 | Report Abuse
Just 3 days ago, on 7 Sep, Maybank TP on Kossan is RM19.50!
SIGH....
2020-09-09 22:49 | Report Abuse
doesnt make sense to keep dropping after last few days of huge correction... it has to rebound
2020-09-09 21:34 | Report Abuse
@sk1008 has a good point.
2020-09-08 19:10 | Report Abuse
Just 5 days ago on 3 Sep, EPF bought 1,889,600 Kossan shares.
On that day Kossan traded at around RM14 per share.
2020-09-07 08:35 | Report Abuse
Maybank today maintains Kossan target price at RM19.50, saying Kossan ASP to grow 35% 49% & 40% quarter to quarter from 3Q20 to 1Q21. BUY call maintained!
2020-09-04 13:44 | Report Abuse
Many thanks for sharing your excellent research, fightingdragon.
2020-08-25 09:35 | Report Abuse
TG is listed in NYSE as an ADR
2020-08-19 21:47 | Report Abuse
CNN just reported tonight at 9.30pm 19 Aug , that in a poll conducted by CNN, only 56% of Americans are willing to take covid vaccine once it is approved by the FDA. 40% will not take the vaccine.
And it is also highly unlikely that the approved vaccine will be 100% effective.
This combined with the fact that even if a vaccine is approved, nurses still need gloves to inject vaccines , means gloves will remain in great demand.
2020-08-19 21:47 | Report Abuse
CNN just reported tonight at 9.30pm 19 Aug , that in a poll conducted by CNN, only 56% of Americans are willing to take covid vaccine once it is approved by the FDA. 40% will not take the vaccine.
And it is also highly unlikely that the approved vaccine will be 100% effective.
This combined with the fact that even if a vaccine is approved, nurses still need gloves to inject vaccines , means gloves will remain in great demand.
2020-08-19 21:43 | Report Abuse
This combined with the fact that even if a vaccine is approved, health care people still need the gloves to inject vaccine, means gloves will remain in great demand.
2020-08-19 21:40 | Report Abuse
CNN just reported tonight at 9.30pm 19 Aug , that in a poll conducted by CNN, only 56% of Americans are willing to take covid vaccine once it is approved by the FDA. 40% will not take the vaccine.
And it is also highly unlikely that the approved vaccine will be 100% effective.
This combined with the fact that even if a vaccine is approved, gloves will remain in great demand.
2020-08-12 16:06 | Report Abuse
Assuming vaccine is found, the nurses and medical people administering the vaccine still need to wear gloves to inject the vaccine into human arms.
Now with 20 mil people worldwide infected by covid, demand for glove already skyrocketed.
What will happen to glove demand when nurses need to wear gloves to inject vaccine into hundreds of millions of people?
Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD
2020-12-14 09:28 | Report Abuse
JP Morgan valuation of TG at half of its current market price ie RM3.50 per share is the most ridiculous and stupid target price i have come across. Why?
The current market cap of TG as at 12 Dec 20 is RM56b. Half of that is RM28b. Now we know that for the financial year 2021, TG will very likely make PAT of RM10b.
So if the market cap goes down to RM28b, TG will trade at PE of 2.8!!!!! Hahahha..
That’s the PE of a company about to go insolvent..Not a growth company with a super excellent profit record for the last 20years...
How stupid !!!