Posted by Gabriel Khoo > 2020-08-25 18:07 | Report Abuse

From kenanag research...obviously q2 is above expectation...

Expect a solid 2QFY20. We expect its 2QFY20 PATAMI, which is due to be released by end-Aug, to be higher QoQ and YoY in tandem with solid sector growth due to higher volume and ASP, new capacity expansion from Plant 19 and better margins due to higher operating efficiencies from new plants. For illustration purposes, based on our net margin forecast of 20%, volume sales of 5b to 6b pieces and ASP of USD23/1000/pieces (USDMYR4.20); 2QFY20 PATAMI could come in at between RM96m and RM116m (+49% to +84% QoQ; +73% to +113% YoY) bringing 1HFY20 to between RM161m (+41%) and RM181m (+58%), at 24%/31% our/consensus full-year forecasts. However, due to the runaway ASP, we raise our FY20E/FY21E net profit by 33%/23% taking into account higher EBITDA margin, which we raised from 23%/25% to 28%/28%.

Posted by dingdonghuat > 2020-08-25 18:08 | Report Abuse

refer word-by-word in kossan

"With our selling prices for gloves quoted 45-60 days before delivery, the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-onquarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020.

Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in the 4th quarter of FY2020. "

They themselves claimed higher ASP only start reflected in June itself and they will report even stronger numbers in the coming quarter..

U all selling??haha

Posted by tingpangeng > 2020-08-25 18:09 | Report Abuse

Commendable result, current price is very attractive and at a discount to FV, 1 to 1 bonus, going to be include in MSCI after 31 Aug. Forward demand is still intact. Yes! I will grab more tomorrow.

Posted by johoran > 2020-08-25 18:10 | Report Abuse

During the recent results briefing, management disclosed that the company will build a new Plant #20 (1.4bn/pcs/year), adjacent to its Meru factories which it had acquired for RM40m recently. The plant is expected to start contributing by 2H21. We believe that the new Plant #20 will help address previous concerns over the lack of new capacity in 2021, as Plant #19 will be fully operational by the end of the year, and the new manufacturing complex at Bidor, Perak will only start operations in 2022. With Plant #20, the average annual capacity growth for Kossan for 2019- 22 stands at 14%, higher than the 10-year average demand growth for medical rubber gloves of 8-10%.

Posted by johoran > 2020-08-25 18:11 | Report Abuse

2QFY20 PATAMI could come in at between RM96m and RM116m

Posted by supersinginvestor > 2020-08-25 18:15 |

Post removed.Why?

Posted by supersinginvestor > 2020-08-25 18:15 | Report Abuse

bonus 1 for 1 exactly wat i said few days ago... buy

Posted by johoran > 2020-08-25 18:19 | Report Abuse

Kossan guided that ASP for Jul and Aug is expected to increase by c.20% and c.40% respectively compared with 2QFY20 ASPs, and could see further c.5% mom increase until year end. Kossan is also expecting to increase its ad-hoc/ spot orders allocation up to c.15% of its total capacity (currently c.10%). The sustained strong demand with orders filled up till end-1H21 and ASPs being fixed 2 months prior delivery, could see the increase in prices to be fully reflected in 2H20. Overall, we estimate that selling prices will continue to increase until end of 2020 and stabilize in 1H2021 before gradually decreasing. We have raised our assumptions accordingly, as these were not forthcoming previously.

Posted by winwinvest > 2020-08-25 18:20 | Report Abuse

Abang adik hartalega same same

Posted by supersinginvestor > 2020-08-25 18:22 | Report Abuse

u sell kossan i buy..
Results r going to be crazy good next quarter for 2 years at least.

Posted by Fabien "The Efficient Capital Allocater" > 2020-08-25 18:22 | Report Abuse

Why bother arguing?

I have both Supermax and Kossan

Both issuing bonus issue
Both to be included in MSCI Index
Both to be included in FBMKLCI Index
Both best quarter yet to come

Posted by Powerplay666 > 2020-08-25 18:22 | Report Abuse

Ambank Research are really talking out of their arse about gloves already reaching their target price. Obviously they need to read the notes to the qr in more detail. Increasing ASP prices only reflected in June and onwards. Additional capacity of 15 to 20 % in Q3 and beyond. This will add up to a exponentially record breaking next qr. The same applies to the other gloves as well. The next qrs reported in 3 months time for all gloves will be reflecting massive growth in revenues and profits. Forward PE ratios based on the next few qrs makes gloves still look very undervalued now.

Posted by blood7 > 2020-08-25 18:30 | Report Abuse

kossan's outlook, let me summarize :

ASP :
july :- 15% above june
august :- 25% above july
sep to dec :- min. at least 5% above each month - "....we will definitely see a significant quarter-on-quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020..." quoted the management.

ADDITIONAL CAPACITY (a.k.a. spot orders) :
"....with additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in
the 4th quarter of FY2020." quoted the management.

Posted by supersinginvestor > 2020-08-25 18:35 | Report Abuse

i top up on kossan n topglove today...yippi..

Posted by stockraider > 2020-08-25 18:41 |

Post removed.Why?

Posted by Dakewlest > 2020-08-25 18:49 | Report Abuse

No dividend?

Posted by limkokthye > 2020-08-25 18:52 | Report Abuse

up also no use, all now go to vaccine

Posted by supersinginvestor > 2020-08-25 18:52 | Report Abuse

https://www.theedgemarkets.com/article/kossan-delivers-record-quarterly-profit-2q-proposes-oneforone-bonus-issue

Posted by Gabriel Khoo > 2020-08-25 18:52 | Report Abuse

Dividend on half yearly basic...the next one will be in dec or jan

Posted by tingpangeng > 2020-08-25 18:54 | Report Abuse

If you trend the % participation of retailers, local and foreign institutions , I am really pity those retailers chasing after the no fundamental stock , rumour driven stocks, opportunist stocks etc but ignore the fundamentally strong stock like Kossan. Trading away their hard earn money disregards the risks of these speculative stocks will ruin their wealth broke my heart. it is a true reflection of greed and poor risk management.

Posted by MuchenOrb > 2020-08-25 18:59 | Report Abuse

Tomorrow just need someone with authority to say no vaccine, all will come back to gloves. These vaccine/ pharma chasers may end up chasing rainbow of all you know.

@limkokthye, up also no use, all now go to vaccine

Posted by chtan33 > 2020-08-25 19:00 | Report Abuse

bonus & expecting strong Q3, Q4... price shall sustain

Posted by Primeinvestor > 2020-08-25 19:05 | Report Abuse

Kossan only up 200% this year while supermax up 1200%, of course kossan profit not so good la, just have to wait

Posted by supersinginvestor > 2020-08-25 19:05 | Report Abuse

Vaccine story long away...maybe 2022..
Gloves needed then oso... gloves going all the way...up up n up..next great results wait top.glove..

Posted by Knm_bottomed > 2020-08-25 19:22 | Report Abuse

Vaccine all wayang only. But yesterday i also buy pharma stock

Posted by Terrenceyeo > 2020-08-25 19:23 | Report Abuse

KOSSAN SUDAH KENA GOSTAN

Posted by gsi723 > 2020-08-25 19:25 | Report Abuse

Buy gloves n pharma.... u won’t be wrong... up down up down.... both sector also gain from
There is no restriction: Gloves only or Pharma only

Posted by gsi723 > 2020-08-25 19:26 | Report Abuse

Today sell pharma buy gloves.... tomorrow wait n see...

Posted by MasterYoda > 2020-08-25 19:26 | Report Abuse

"Fear is the path to the dark side. ...Looks like Mabel is squirting her juices out wakaka,May the force be with you,buy HLT and don’t put all eggs in one basket.You know MASTERYODA is always right :)

Posted by nanashar > 2020-08-25 19:30 | Report Abuse

tomorrow price will go up ?

Posted by chtan33 > 2020-08-25 19:34 | Report Abuse

yeah... gloves supporters dont need angry with vaccine... u can simply benefit from.both sector....

Posted by BigBladd > 2020-08-25 19:36 | Report Abuse

Hello, When is Kossan Ex date?

Posted by MasterYoda > 2020-08-25 19:39 | Report Abuse

When you look at the dark side, careful you must be. For the dark side looks back-Masteryoda

Posted by stevenckheng > 2020-08-25 20:04 | Report Abuse

missed target earning, tomorrow down

Posted by stevenckheng > 2020-08-25 20:04 | Report Abuse

grab topglove and supermax if all down

Posted by pdchs > 2020-08-25 20:07 | Report Abuse

OMG,,,, only 132M.......

Posted by fadzli78 > 2020-08-25 20:20 | Report Abuse

https://www.theedgemarkets.com/article/kossan-delivers-record-quarterly-profit-2q-proposes-oneforone-bonus-issue

Posted by pushup > 2020-08-25 20:25 | Report Abuse

https://m.facebook.com/story.php?story_fbid=116287950189907&id=108640280954674

Posted by HowAh > 2020-08-25 20:37 | Report Abuse

Wat.... It's double liao

Posted by LeftHand_of_God > 2020-08-25 20:39 | Report Abuse

Sigh.. below earning expectation.. PE now higher than Supermax.. count updated pe now is worth less than 15..

Posted by MasterYoda > 2020-08-25 20:48 | Report Abuse

Don’t worry HLT will bring up all other glove counter :)

Posted by EatCoconutCanWin > 2020-08-25 21:03 | Report Abuse

Wow result very good. Now PE reduce from 150 to 75. Congrats

Posted by DreamKaiser > 2020-08-25 21:10 | Report Abuse

look at kossan la so steady man

Posted by DreamKaiser > 2020-08-25 21:11 | Report Abuse

dropped 1.30 only maah

Posted by DreamKaiser > 2020-08-25 21:13 | Report Abuse

PAT also 131 mil maah

Posted by YouNeedTrust > 2020-08-25 21:13 | Report Abuse

Well done Kossan!

Posted by foongkitmun > 2020-08-25 21:13 | Report Abuse

No body shouting tomorrow limit up ka? All lembik liao :) some might can’t zzzzz.....

Posted by DreamKaiser > 2020-08-25 21:14 | Report Abuse

lagi 1:1 bonus coming lagi woh

Posted by DreamKaiser > 2020-08-25 21:15 | Report Abuse

congratulations kossan!!!

Posted by DreamKaiser > 2020-08-25 21:15 | Report Abuse

keep up the good work