@Ben Tan, another excellent and detailed write up! Awesome!

At times, I always wonder why am I vested in this (many so called) "lousy useless counter"? Good that I always have faith in the management team.

@Undi_PKR,
Because KYY never invested in Kossan?

The whole of 2020 Kossan delivered 14 sen dividend, in FY21Q1 already get 12 sen! Cannot wait for the rest of the quarters!

Yummylicious dividend coming! Waiting for it to reinvest and buy more Kossan shares!

Very strong and large supporters for PBB. I had been queuing to buy @ 4.18 since 1st April. Was disappointed that yesterday my queue was not matched although it hit 4.18. Was pleasantly surprised that my queue was finally matched this morning!

What if this coming quarter, TG decided to has some corporate exercise, ie RIghts Issue where the lender will need to recall back the shares from the borrower? Will this be the best weapon to counter the shorties as they need to buy back to be returned back to the lender in a short time?

@Start_0f_the_bull, if you can view the daily RSS volume, you will understand why Kossan is the laggard among the big 4.

@Ben Tan, excellent piece of article! Happy to see your work whenever you post it up here!

There are still people singing Sunset industry for Gloves!

@tamp0i, similar to you, I always wondered why I am happily stuck in a sunset counter like Kossan!

Kossan really being held down by RSS. Today the RSS volume is about 25% of the total volume!

Master Ben, excellent analysis!

1M Share Buyback on 25/3!

@moneymakerz, I always suspected The Edge is part of a larger syndicate to bring down TG. This article proves it all!

@moneymakerx, TQVM for your detailed explanation! Understooded very well already!

@moneymakerx, can to elaborate further? Newbie here.....

TG today closed 5.40, tomorrow adjusted to 5.14. Why is everyone saying that Shorties need to pay the dividend?

@Ben Tan, all analyst if I am not mistaken did not report or take into consideration that one of the expansion for TG is to have their own Nitrile plant. They will be able to control their costs much better than other players.
Correct me if I am wrong.

AMInvest next 2Q added up dividends to be only 0.258?

@casanwk, RSS at Kossan is among the highest of big 4. Already 1.82M shares.

Most companies just plan private placement to raise capital, in the process diluting existing shares.
Likewise here but with the successful DL in HKE, at least existing shareholder's shares NTA increase.

@linheng- I bet not many know how to read all these numbers! How many companies in BURSA can muster an annual PAT >1.0B? I rest my case.

However these IB wants to cut the cake, nothing can change the fundamentals of a good company. How many companies in BURSA can muster PAT of >1.0B?

Do note that back in Nov 2020, Kossan donated RM 50M for the COVID19 Tabung. Otherwise their PAT will be closer to RM 600M.

See if FY21 onwards Kossan adopt quarterly dividend payout similar to TG. Currently is still half yearly payout.

Dividend announce 0.03 (Interim Dividend) + 0.08 (Special Dividend)

KOSSAN Financial year end net profit 1.903 billion (increased 734.99%)

@ILoveGloves, in the platform one cannot queue higher than 30% of the LACP. System just does not allow that.
As for RSS, there is a proper procedure from the IB to borrow shares from anyone, with a proper SBL agreement. Without prior agreement, no one can touch your portfolio be it Direct CDS or Nominee account.

@Bullrunrun, same here. I know an investor who vested in TG more than 10 years ago, having close to 2M shares. Last Oct bought cash BMW X3 for wife based on the dividend RM 0.085. Imagine his recent Jan dividend of RM 0.165!

@BalancedPortfolio88, I share your same thoughts. With the entire economic situation, I find no other better companies to hold in my portfolio than gloves in the mid to longer term.
Many claims that BURSA is 6 months forward looking and with gloves companies, their earning in the next 18 months is highly visible yet many panic when price fluctuate a bit downwards.
I am just accumulating as many as my funds permits and sit back to enjoy the dividends.

RSS Volume 4,394,300. Total Volume 1,800,200, that is 24.1% of today's total volume that consists of RSS!
So much effort so little movement in price today!

@Water Fish Burger- Why not collect Supermax dividend first before switch to Top Glove? Since Top Glove will only announce their FY21Q2 report in early March.

@linheng

Look at Facebook Post :- Wong Patrick - Bursa Market Strategies (Open Group).
Stocks Wanted : TopGlove, Kossan and Supermax
Interest : 5% per annum on daily rest paid on 10th Business day of following month
Contact Patrick Wong Chin Liang. tel 012-9190285 (Kenanga)
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Actually nothing new, this guy merely promoting the SBL in KIBB (obviously, he is from KIBB).
All the T+C is laid out openly in their website. There are a total about 200 counters that they want to do SBL, not just TG, SuperMax and Kossan.

@MrGlover, not surprising. EPF within a day can siphon millions by selling first then buy back in the afternoon. You will notice most of the Bursa announcement is "Transacted" rather than straight forward "Disposed"

@GoodBoy, my queue is ever ready for them to drop today! Good time to pick up!

@MrGlover, they last announced it on 9th Nov, so if we just add 90 days, then we can expect it on 9th Feb 2021.

@MrGlover
10:50am RSS Vol

TG 2,005,200, SMx 27,300, Hartalega 126,900 & Kossan 0

@GoodBoy, I also wish but cannot see it in this coming quarter. Next quarter, we will be surprised if Kossan do not hit the Billion Dollar (Profit) Club.

@linheng, at least Kossan have a policy. The smaller liners do not even have it. Policy is one thing, they can always declare special dividend similar to TG, 50%+20% for their FY21.
Hoping the Lim family to be a bit more generous from now onwards, after all they are the biggest beneficiaries.

Anyone estimate what is Kossan coming QR PAT? I am hoping they hit 0.8B, hence minimum dividend (based on the policy of 30%) based on EPS 31.27, Kossan shareholders can expect 9sen dividend? Based on today's closing price of RM 4.50, that is a 2% DY per quarter = 8% annually.

@Ibelieve, SMX is 559 Lots = 55,900 shares. Same got to TG.
Both M+ and KenTrade RSS Vol is Lots. Not shares.

@GoodBoy, RSS trader gameplan very simple. As long as they can buy back at a lower price than they sold, they will continue to short. They do not care the price uptrend or downtrend (though uptrend, more difficult for them).

@MrGlover, good for you!
I missed the RM 4.00 as extra cash cannot come in time yet.

@GoodBoy, secret account....? IBs especially their Coverage Report....Kenanga still more "humane" unlike some other foreign IBs!

GoodBoy Kenanga ...
25/01/2021 10:29 AM
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One of the very few! I recently added M+ to my existing KenTrade to save on the brokerage charges. Cannot see daily news in M+.

@GoodBoy, what platform you using?

MrGlover Are the shorties at work today? Anyone has stats to share?
25/01/2021 9:56 AM
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So far shorties only short TG and Hartalega, Kossan and SMX still 0.

GoodBoy RSS traders bought back 1,062,480 TopGlov shares on 21/01/2021, RSS traders did not buy back any shares for Kossan, Supermax n Hartalega on 21/01/2021
23/01/2021 1:56 AM
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Wondered how these RSS traders can buy in 1,062,480 shares. They went into the odd lots there to purchase? I thought all transactions supposed to be in multiple of 100 shares?

Ironic that SMX SBB hardly any negative comments and SMX have higher % of treasury shares than TG.
Guess all the IB employed cyber troopers not given instructions to comment there because not much RSS volume. TG....a very different story.