Manage to grab some discounted price.

Gut feeling. As the number of new covid-19 cases draw closer to 0, very good chance that casinos might re-open sooner than expected.

Any sifu wanna share their realistic TP for AA? lol

Good time to invest some into automobile industry

True. Havent even officially announce open already rocket up. Imagine on the real day...

Banking industry starting to kick in

@jengas Probably invested your whole networth onto supermax lol.. if ur gonna convince ppl to invest, at least use a realistic TP and not simply pop a figure. Unless ur being sarcastic.

Foresee this downtrend over the next few days. If really wanna collect, wait for that next few days only decide. Price potentially could be much lower...

Goodluck to those still holding. Roller coaster ride

Time to invest back into bank shares

What a drop. Thank god cabut early by half an hour

It'e been fun supermax. Till next time..

Genting casino reopening soon? lol

Fundamental shares will not be shaken off by mere negative news. Keep calm and reap profit

Fabien "The Efficient Capital Allocater" couldnt agree more lol. lets wait for this sleeping giant to bounce up

bubble bursting?

At least with kossan, i can sleep soundly every night.

Potential share

Sleeping giant has awaken. Time to $10

Superman is back baby

Time to pick up kossan

Haih long queue tomorrow... better late than never.

@paktua73 Pls add me thanks

@paktua73 Please add me. Thank you

Sharks out, Legit investors in.

Only Supermax followers will know, every drop comes with a bigger rebound the next day. No worries. Next Monday, we fly again!

Better for the drop to happen now. Now we cruise all the way north with all the deadwood off

Calm down. Small earthquake cant shake off a strong fundamental share. Steady Kossan!

KWSP in. It’s a good sign

Undervalued share. Time to rise

Another 10% again tomorrow

Waiting for this counter to burst up. Patience till 9th June...

Bought some. Right price to enter now. Plenty of room to margin up

Yeap, holding for win. Eventually once the oil price is settled down, O&G counter will bounce up

This is a safe counter with fundamentals. Have faith.

This counter will fly back up. Just hold and wait

Expect rebound after Raya. Kossan all the way

TP $9.5 incoming

Supermax all the way. Other counters (except gloves) are way too risky to invest on now. Expecting higher rebound after lunch break.

KUALA LUMPUR (May 22): AmInvestment Bank Research has raised its earnings forecasts for Kossan Rubber Industries Bhd for the financial year ending Dec 31, 2020 (FY20) to FY22, buoyed by higher average selling price (ASP) and sales volume for its gloves.

The research house has raised its earnings projection for Kossan by 62% to RM498.3 million for FY20, 62% to RM460.6 million for FY21 and 9% to RM337.9 million for FY22.

Aminvestment has maintained its "buy" rating on Kossan with a higher fair value of RM9.72 based on a P/E of 27x FY21F EPS.

The upward projection came after the rubber glover maker posted its first quarter earnings, which the research house deemed to be “in line with expectations”.

In the first quarter ended March 31, 2020 (1QFY20), Kossan posted core profit after tax and minority interest (PATAMI) of RM64.2 million, accounting for 21% and 23% of its and the consensus full-year expectations respectively.

AmInvestment Bank said glove demand arising from Covid-19 began to jump from April onwards. This resulted in a supply constraint and subsequently drove selling prices higher.

Kossan has received orders close to 10 months ahead of delivery with prices to be finalized one to two months prior to delivery.

“We like Kossan for its expansionary plans and efforts in improving quality and operational efficiency as well as increasing automation. Moving forward, we expect a stronger performance for the year due to the increased demand from Covid-19 pandemic further buoyed by its expansion plans,” the report said.

Despite the stellar 1QFY20 result announced yesterday, Kossan shares fell 6.54% or 53 sen to RM8.10 shortly after the opening bell today.

At 9.30am, Kossan pared some of its losses at RM8.48, still down 15 sen or 1.74%, bringing it some market capitalisation of RM11.04 billion.

Genting will bounce back. There is no need for panic selling.

Goofy is a donk lol

Watch Kossan fly up today

TP $10. Expect good QR. Buy before it's too late