why no investment bank analysis out for this counter?

div payout 50% for this counter.

the profit can last until end of the year due to supply shortage by covid. all commodities prices are up like sugar, metal, aluminium and etc.

engine baru start. if IPO price is RM6.00. but this is record high profit, the price now is Rm3 which is too cheap!

dropping also. lol but earning so good.

look at the LLDPE price, it is still all time high

div is 50% paidout. if can 17 cents x 4 quarters meaning can 30cents div easily mar. translate to 10% div yield

result out aldy not?

filter out those weak holders first lo.

investingbasis,can you share your theory how to get rm400mil profit in a quarter?

QR on 4 May

but kossan is indeed Undervalue aldy. I predict div payout easily 40cents in year 2021.

how to predict harta result will be up so much??

normally he gives sell call mean he wan buy lo. simple as that

result will be out in coming week. wait for good news. high ASP

coming quarters until year end results should be delivered another new record profit!!

with kossan new factory in production and strong in USD is also favorable to export counters like Kossan.

https://www.google.com/amp/s/www.malaymail.com/amp/news/world/2021/04/24/daily-record-of-more-than-893000-covid-cases-worldwide-according-to-afp-cou/1969179

sorry to inform that another high number of new cases recorded in worldwide. Glove demand is remained strong.

is the result coming out soon?

US market big drop yesterday

good div payout no need wait until 2022. 12 cents will be ex on 6 May 2021. Coming quarters result will be better also given higher ASP base on the interview by HLIB to Kossan boss,. this year easily can get 40 cents div if base on 40% profit paid out

similar earning and revenue with supermax but price much lower. and IB aldy told you got new capacity in 2H of year and coming quarters ASP will be much higher. what do you think?

if base on the 40% of div policy it is easily pay 40cents this year give strong ASP and demand, and new capacity in production

those holding kossan , this is a must read article after HLIB interview with Kossan management, the ASP not reach the peak yet!!

22.04.2021 HLIB - TP RM5.60

ASPs have not peaked yet

We attended Kossan’s 1QFY21 earnings briefing and came away feeling positive
on the group’s prospects going forward. Despite ASPs rising 50-60% QoQ in
1Q21, we expect ASPs to increase by another 8-10% QoQ in 2Q21. We raise our
FY21/22/23 earnings forecasts by 10.9%/2.5%/5.3% to account for higher than
expected disposable glove ASPs going forward. After adjusting for latest net
cash figure and incorporating higher earnings forecasts, our TP rises from
RM5.22 to RM5.60. Maintain BUY.
Below are the key takeaways from Kossan’s 1Q21 results briefing.
Average Selling Price (ASP) outlook. To recap, Kossan’s ASPs increased by 50-60%
QoQ in 1Q21. Kossan shared that despite the large increase in ASP, they expect this
to grow even more in 2Q21 given that April ASPs have so far been higher than 1Q21.
Overall, we expect 2Q21 ASP to be 8-10% higher QoQ. While one of Kossan’s peers
have reported a slight downtrend in ASPs recently, Kossan reckons that this may be in
part to selling to traders who offered higher prices, instead of actual medical product
distributors, which resulted in unsustainable price levels. All in all, we reiterate our
stance that we do not expect Kossan’s ASPs to decline until 3Q21 at the very earliest .
Volume outlook. In terms of volumes, Kossan’s sales volumes were 2-4% higher in
1Q21 QoQ due to spillover effect from Covid-19 disruptions on operations in 4Q20.
Kossan shared that volumes in 2Q21 is expected to be even higher QoQ as 1Q21 still
took time for operations to reach full capacity in Jan-21 when factories restarted
operations. In totality, we expect higher volumes in FY21 YoY as Kossan shared that
they are (i) on track to add 3.5bn pieces in annual capacity and (ii) capacity has been
fully taken up until end-FY21.
Sales breakdown. We expect glove demand (and hence ASPs) to continue to be
supported by Covid cases rebounding strongly globally, particularly in India (Figure #1-
2). While Kossan does not sell directly to India, they shared that there is little to no
difference in ASPs to different regions. Currently, Kossan’s sales breakdown by
geographic region is as follows: 45-50% America, 30-35% Europe, 15% Asia Pacific
and 5% rest of the world.
Dividend. Recently declared DPS of 12 sen represented just 30% of 1Q21 earnings.
Despite this, Kossan shared that they expect to pay out closer to 40% of full year FY21
earnings. Based on current share price, this would represent a dividend yield of 12.3%
based on our FY21 forecasted net profit.
Forecast. We raise our FY21/22/23 earnings forecasts by 10.9%/2.5%/5.3% to account
for higher than expected disposable glove ASPs going forward, as guided by
management.
Maintain BUY, TP: RM5.60. After adjusting for latest net cash figure and incorporating
higher earnings forecasts, our TP rises from RM5.22 to RM5.60. We value Kossan
using with their pre-pandemic 5-year average PE multiple of 24x (CY15-19) based on
sustainable earnings in a post-super normal earnings environment (FY23) summed
with free cash flows (both discounted back to PV) generated during the boom period.
At current levels, Kossan is trading at a PE of just 3.2x based on FY21 forecasted
earnings. The resurgence of cases globally should be positive for sentiment on glove
stocks. Maintain BUY.

I think mr koon wan to buy more.

If supermax worth rm5.6, I think kossan should at least worth rm5 given similar revenue and earning per share. most undervalue gems

and the huge receivables should have been collected in Apr or else where got so much cash to pay div on 20.5 . the div pymt will cost at least rm300mil

Vietnam jv 180m is the revenue before deducted cost right?

be careful ya. YTD sugar commodity price keep dropping from USD18 to USD15

KYY asked not to buy mean buy call lo

Alvin1188, can you share the report link?

it is likely felda will increase its offer price given palm oil price now is all time high ,

today can close at 1.16.. oil price is good, airport is opening, construction sector is recovering , vaccine out

today got show or not

RM2 this week target

wow... fund buying huge vol.

bye... close 1.38

trending down

fund collecting tickets lol

how much is your targeted price to collect?...........

now the sugar commodity price is at consolidation stage but still much higher than Q4-2020 price .. choose the 1 year chart

https://www.investing.com/commodities/us-sugar-no11

it is much lower than Q1-2021 commodity price. and Q4-2020 made good profit, what do you think Q1-2021?

check how much sugar commodity price in Q4-20!

and the sugar commodity price is stil much higher than Q4-2020 selling price now!!

more than 50% of its sales are export, the export selling price is up 15-20% compare to last quarter. raw mat price has been hedge at low cost, labour and machinery cost are fixed. That's why their profit margin increase significantly.

TP RM2 today

and the sugar commodity price for Q1-2021 is much higher than Q4-2020

tmorrow can already met MIDF TP RM1.96