Posted by GoldenHarvest1 > 2021-01-06 19:17 | Report Abuse

Fitch turns negative on banks

https://www.nst.com.my/business/2021/01/654954/malaysian-banks-bursas-losers-list-after-fitch-turns-negative-global-banks

Posted by linheng > 2021-01-06 21:41 | Report Abuse

Based on yesterday end shareholding by EPF in Kossan, Top Glove and Harta it is valued at RM 5.51 billion. EPF lost RM 2.1 billion in book value in one month. If glove industry has value I think EPF would support . Lets see the announce on EPF trade in the next few days.
EPF Buy 2 days, 29th and 31st Dec 2020. Kossan also buy back.
RSS amount on Kossan was 4.193m on 5th Jan and reduced by more than half to 1.904m on 6th Jan 2021. This is the most significant decrease in RSS for the Top 4 glove counter (RSS on Supermax increase).
Share price still did not recover.

Posted by Bullrunrun > 2021-01-06 21:42 | Report Abuse

Today just bought into Kossan first time..

Posted by Infinite > 2021-01-06 21:51 | Report Abuse

Share price sell like kossan no tomorrow. JP may overlook recent gloves factory shut down by few big boy cause few billion output loss was well cushion the new Player output for another year. In addition the gloves now have new market, the non traditional market segment still unable to fulfill the demand for next few years. Smart money eventually will back to kossan with deep discount among top four

Posted by linheng > 2021-01-07 06:15 | Report Abuse

I did some research based on average price by a few analyst on the top 4 Glove company in Malaysia. By Risk/reward ratio, at current Price
Kossan is the best.
ANALYST AVERAGE TP PRICE AND RISK/REWARD FOR 4 BIGGEST GLOVE
( As of 6th Jan 2021)
Kossan
Mean consensus BUY
Number of Analysts 18
Average target price 8,62 MYR
Last Close Price 4,05 MYR
Spread / Highest target 312%
Spread / Average Target113%
Spread / Lowest Target -6,17%
Hartalega
Mean consensus BUY
Number of Analysts 20
Average target price 20,46 MYR
Last Close Price 10,60 MYR
Spread / Highest target 156%
Spread / Average Target93,0%
Spread / Lowest Target -19,8%
Top Glove
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 8,83 MYR
Last Close Price 5,72 MYR
Spread / Highest target 123%
Spread / Average Target54,3%
Spread / Lowest Target -38,8%
Supermax
Mean consensus BUY
Number of Analysts 10
Average target price 12,75 MYR
Last Close Price 5,86 MYR
Spread / Highest target 180%
Spread / Average Target118%
Spread / Lowest Target 54,4%

Posted by linheng > 2021-01-07 06:18 | Report Abuse

The downside (Based on lowest Target Price ie JP Morgan's $3.80 ) is only -6.17% but the potential gain based on average target price is 113% (Based on highest target price is 312%)

Posted by linheng > 2021-01-07 06:31 | Report Abuse

Look at Bursa Short sell statistics
https://www.bursamalaysia.com/market_information/market_statistic/securities
The short selling on Kossan also reduced by the most.
Kossan ( 4.1931M shares on 5th Jan to 1.9049M on 6th Jan )
TopGlove (16.431M shares to 13.4101M shares)
Harta ( 4.7957M to 4.0459M)
Supermx ( 0.4535M to 0.7345M) Increase.
Price wise, Kossan have basically not recovered from the selldown.
I believe this counter got the most potential.
Counter check this statistics yourself.
Naysayers don't bomb me. I am only comparing the top 4 glove counter.
Whether you buy or sell doesn't concern me. I am buying for medium to long term

Posted by amireza > 2021-01-07 10:18 | Report Abuse

Came on

Posted by dompeilee > 2021-01-07 14:10 | Report Abuse

dompeilee Speculatively bought Kossan @ 3.89
05/01/2021 10:00 AM

=)

Posted by kingsmf70 > 2021-01-07 14:35 | Report Abuse

Logically, vaccine could lead to cancer!

https://www.nst.com.my/world/world/2020/12/649268/covid-19-vaccine-could-lead-cancer-heart-disease-breakthroughs
..............................................................
I also support glove but please don't give misleading info...it should be
"Covid-19 vaccine could lead to cancer, heart disease breakthroughs"

Posted by Consultant > 2021-01-07 15:19 | Report Abuse

Kossan the weakest so far huhu

Posted by tamp0i > 2021-01-07 15:37 | Report Abuse

Patutlah nama also Gostan... Hailat keep retracing

Posted by WeLoveSarawak > 2021-01-07 15:38 | Report Abuse

need to change name....KO is not good..should be UPssan

Posted by DonWorryBeHappy > 2021-01-07 16:08 | Report Abuse

Beli sikit 3.97

Posted by invest4tomoro > 2021-01-07 16:37 | Report Abuse

how to go up, still got RSS ... today 17% volume traded by RSS, live data from maybank tradeview system

Posted by jeremylin > 2021-01-07 16:51 | Report Abuse

ASP for kossan have many more room to go. So kossan please make it a reality in the stock price!!

Posted by Mabel > 2021-01-07 16:52 | Report Abuse

Lately RSS has turned into a Pussy..

Meow

Posted by 5c0160 > 2021-01-07 17:30 | Report Abuse

Game over tmr.

Posted by Taeyeon09 > 2021-01-07 17:33 | Report Abuse

This 5c0160 is glove hater

Posted by linheng > 2021-01-07 20:35 | Report Abuse

Posted by invest4tomoro > Jan 7, 2021 4:37 PM | Report Abuse
how to go up, still got RSS ... today 17% volume traded by RSS, live data from maybank tradeview system
This is quite low. TopGlove RSS is 36%. Harta is over 20%. Kossan is 16% because not much downside. Anyway, the maximum short position is only 4%. Top Glove is already over 2%, Kossan over 1%.

Posted by Kossan > 2021-01-07 23:06 | Report Abuse

Another casualty.. sigh

https://www.google.com.my/amp/s/www.republicworld.com/amp/world-news/rest-of-the-world-news/portuguese-nurse-dies-two-days-after-taking-pfizer-biontechs-coronavirus-vaccine-report.html

Posted by Kossan > 2021-01-07 23:09 | Report Abuse

Death of Florida doctor after receiving COVID-19 vaccine under investigation https://www.google.com.my/amp/s/amp.usatoday.com/amp/6574414002

Posted by Kossan > 2021-01-07 23:09 | Report Abuse

Norway investigating death of two people who received Pfizer's coronavirus vaccine

https://www.google.com.my/amp/s/www.wionews.com/world/norway-investigating-death-of-two-people-who-received-pfizers-coronavirus-vaccine-354716/amp

Posted by witan > 2021-01-08 00:23 | Report Abuse

Check out Intco Medical share price (China largest glove company)

https://finance.yahoo.com/quote/300677.SZ/

Non stop bull run from Jan 2020 till Jan 2021. See what will happen to Malaysian glove counters if without GREEDY short sellers n sharks who want to collect cheap ticket from retailers.

But once sharks n short sellers feel they have collect enough, what u think it is going to happen.

Answer: all glove counters will fly to the moon :)

No wonder Tan Sri want TG to get listed in HK (mid 2021)

Posted by Albukhary > 2021-01-08 01:28 | Report Abuse

Hi all kossan investor here, may I know does Kossan factory has back to operation after the covid-19 shutdown?

Posted by Infinite > 2021-01-08 06:49 | Report Abuse

Amomg 4 big, kossan factory set up was more scatter way, the risk to major shut down was well distribute and unlikely happen . Early dec little parriial shut-down was resume operation. The share price still sell like no tonorrow. This is a recession prove and growth counter, regardless any extented mco, political factor or global economy uncertain. This net cash company start accumulate billion cash, their cash was more than the spend for plant expansion. Histrolical their cash almost spend out for expansion. This cash pile was perfect timing for their Bidor expansion. Dark horse 2021-2022

Posted by gloveharicut > 2021-01-08 10:24 | Report Abuse

GLOVEs oversold? Maybe, judging by analysts’ target prices https://klse.i3investor.com/blogs/gloveharicut/2021-01-08-story-h1539230560-GLOVEs_oversold_Maybe_judging_by_analysts_target_prices.jsp

Posted by tamp0i > 2021-01-08 11:19 | Report Abuse

Steady bom bi bi.... Burn all RSS muahaha

Posted by fhis > 2021-01-08 12:16 | Report Abuse

kossan big laggard compared with others much smaller player like careplus, adventa and rubberex...more to come....

Posted by gloveharicut > 2021-01-08 12:20 | Report Abuse

Hi Kawan GLOVEs

SUPERMX 11 28,900 174,093.88
TOPGLOV 9 20,700 126,403.60
HARTA 6 8,300 100,998.98
KOSSAN 4 19,200 85,472.87
CAREPLS 4 30,200 64,667.11

https://klse.i3investor.com/blogs/stock_pick_2021/2021-01-07-story-h1539207463-Stock_Pick_Year_2021_Stock_and_Number_of_Picks_Quantities_7th_Version.jsp

Posted by Jokers2020 > 2021-01-08 12:58 | Report Abuse

kossan still lagged...i think afternoon session will powerup

Posted by Learner One > 2021-01-08 13:01 | Report Abuse

Agreed last epf bought price is arround 4.70

Posted by Learner One > 2021-01-08 13:24 | Report Abuse

Health Ministry projects 8,000 daily Covid-19 cases in March if R-nought is 1.2
The uptrend in gloves is just starting.

Posted by dlau8899 > 2021-01-08 13:28 | Report Abuse

May rebound above 5.00 as soon

Posted by fhis > 2021-01-08 14:41 | Report Abuse

good broke 4.20...next 4.30

Posted by Bullrunrun > 2021-01-08 14:44 | Report Abuse

Just bought in at RM 4.15 today

Posted by Ninja _07 > 2021-01-08 15:05 | Report Abuse

Will break RM 5 next week

Posted by invest4tomoro > 2021-01-08 15:19 | Report Abuse

nxt week all gloves fly sky high ....
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

Posted by jeremylin > 2021-01-08 15:21 | Report Abuse

I like the price you mentioned for next week

Posted by jeremylin > 2021-01-08 15:22 | Report Abuse

Kossan price up too little during glove bull, drop too much during glove bear... Hmmm

Posted by bose00 > 2021-01-08 15:28 | Report Abuse

chance to collect more

Posted by thashali > 2021-01-08 15:32 | Report Abuse

sleeping counter

Posted by dompeilee > 2021-01-08 15:55 | Report Abuse

dompeilee Speculatively bought Kossan @ 3.89
05/01/2021 10:00 AM

4.35 +11%

=))

Posted by liewkamchong888 > 2021-01-08 16:25 | Report Abuse

MCO to be reinstated in a few states on 12/1
Rumours or fact?

Posted by GoldenHarvest1 > 2021-01-08 16:35 | Report Abuse

Well I told y'all didn't I?

But y'all simply refused to listen

Recovery theme play now losing steam

Posted by GoldenHarvest1 > 2021-01-08 16:35 | Report Abuse

Fitch turns negative on banks

https://www.nst.com.my/business/2021/01/654954/malaysian-banks-bursas-losers-list-after-fitch-turns-negative-global-banks

Posted by Kossan > 2021-01-08 16:41 | Report Abuse

This piece of news spins a lot of uncertainty

https://www.statnews.com/2021/01/07/coronavirus-mutation-vaccine-strength/

Posted by calvintaneng > 2021-01-08 16:52 | Report Abuse

So happy for Kossan

now better go higher and higher as you are now the best!!!

Posted by amireza > 2021-01-08 17:02 | Report Abuse

Nice

Posted by bose00 > 2021-01-08 17:15 | Report Abuse

Super happy today!!!