Posted by whypaymore > 2021-02-17 10:15 | Report Abuse

Look at TG, Supermax do they gain after ex-div?

Posted by whypaymore > 2021-02-17 10:16 | Report Abuse

Tenaga fat dividend can attract IRB interest?

Posted by ranacinggey > 2021-02-17 11:20 | Report Abuse

that dividend just gula2 .....

Posted by yhs1988 > 2021-02-17 11:26 | Report Abuse

SHORT SQUEEZE!!!

Posted by chshzhd > 2021-02-17 11:52 | Report Abuse

today mr kossan saves all gloves counters:)

Posted by linheng > 2021-02-17 12:53 | Report Abuse

Haha. Drop bought $4. Bought some more at $4.01 after selling Supermax at $6.11

Posted by beginner > 2021-02-17 13:04 | Report Abuse

only topglov can give high dividend, will down like supermx as too petty on divvy....

Posted by Gohhocks > 2021-02-17 13:04 | Report Abuse

Every month or 2 months IB will slash their target price towards glove counters, what will be Kossan Target price in next month or 2?.. Investors run first? or it’s the time to buy? Any idea?.

Posted by Gohhocks > 2021-02-17 13:10 | Report Abuse

Although share price will not drop much from now, but will it drop next month or 2? It seems the future look not promising for glove counter, that’s why share doesn’t go up much.. my thought.

Posted by MoneyAndHoney > 2021-02-17 13:25 | Report Abuse

https://www.theedgemarkets.com/article/genting-top-glove-kossan-careplus-and-media-prima

Kossan latest qrtr pat RM523.49 million

Posted by MoneyAndHoney > 2021-02-17 13:29 | Report Abuse

Kossan Rubber Industries Bhd reported today, a net profit of RM523.49 million for the fourth quarter ended Dec 31, 2020, about nine times higher than the RM61 million it recorded in the corresponding quarter a year ago, thanks to higher volume of gloves sold and better average selling prices.

The net profit jump comes on the back of a revenue of RM1.31 billion, about 2.3 times more than the RM578.35 million it made previously,

Posted by MoneyAndHoney > 2021-02-17 13:30 | Report Abuse

The glove maker declared a second interim dividend of 3 sen per share, together with a special dividend of 8 sen per share — a total of 11 sen — to be paid on March 17.

The group's full year net profit came in at RM1.09 billion, almost five times the RM224.34 million it made in FY19, as revenue grew almost 65% to RM3.65 billion from RM2.22 billion.

Posted by AzerothJr > 2021-02-17 13:32 | Report Abuse

If one think the counter doesn't look promising then one should refrain from investing in it.
If one this it is good and promising then continue investing in it.

Posted by Kossan > 2021-02-17 14:34 | Report Abuse

4.4

Posted by chshzhd > 2021-02-17 16:19 | Report Abuse

Kossan expects its ASP to increase by at least another 50% QoQ in 1QFY21 and expects ASP hikes to sustain until 3QFY21 at least, but potentially at a lower quantum of increase. Based on the current nitrile butadiene prices, Kossan is expecting to cap ASPs at c.USD120 per thousand pcs. However, should the raw material prices continue to rise, ASPs will also be adjusted accordingly to absorb the higher costs. ---Pbb

Posted by Hl123456 > 2021-02-17 16:34 | Report Abuse

5.0

Posted by FortuneBlooming > 2021-02-17 16:53 | Report Abuse

Kossan sees extraordinary FY2021

https://www.thestar.com.my/business/business-news/2021/02/16/kossan-rubber-posts-rm109bil-profit-in-fy20

Full FY net profit surges to RM1.09 billion

Posted by FortuneBlooming > 2021-02-17 16:56 | Report Abuse

banks, techs, construction, property, recovery theme business, logistics etc. all move aside, make way for the serious profit makers, the glove firms

Posted by UnkleLim > 2021-02-17 18:08 | Report Abuse

Ambank research cannot pakai one. I remember they give Penta TP RM3.2 LOL

Posted by Toyota78 > 2021-02-17 19:58 | Report Abuse

Kossan is a disappointment. Despite record profits and good dividend the share price moves slowest amongst the 3 other big gloves counters including smaller ones like Careplus and Rubberex

Posted by Ukga > 2021-02-17 20:02 | Report Abuse

A prudent company with excellent earning potential for the foreseeable future. Sit tight, buy low and enjoy the dividends payout going forward. Cheers and stay safe.

Posted by linheng > 2021-02-17 20:32 | Report Abuse

Comparison between Kossan and Mr DIY
Remember even before pandemic, Kossan net profit per year was about 240m. For current year 2020 is 1.09B. Mkt cap is 10B.
Mr DIY Mkt Cap is 21.4B. Full year 2020 profit is
improvement retailer reported a 19% jump in net profit to RM108mil from RM90.9mil a year ago.In line with the group’s policy of paying quarterly dividends, MR DIY has declared an interim dividend of 0.73 sen a share, or RM43.9mil.
Kossan is 11 cents div

Posted by Gohhocks > 2021-02-17 20:42 | Report Abuse

I think investors or IBs are looking beyond current EPS, from the look, EPS likely to sustain for 1-2 quarters, but after that, will there be significant fall on the EPS? From the share price movement, it might be.. it is just whether u are looking for current profit or future profit, which means to say can the net profit sustain after 1-2 quarters from now? If not, likely the share price will slowly go south...of course, the share price will not jump a lot until they see sustained profits more than 1-2 quarters, My thought.,

Posted by Gohhocks > 2021-02-17 20:56 | Report Abuse

It is just like steel counter, eg Annjoo, although current net profit might not be good, but the future profit might looks promising, so the share price shot up from RM 0.8 to RM 2+, so probably the future profits is more important for upside of the share price.. of course, this is just an analogy.. merely my thought.. usually when we start to buy the share, it might be end of the cycle.. just some sharing..

Posted by Brutus > 2021-02-17 21:06 | Report Abuse

@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.

Posted by nuilam hali > 2021-02-17 22:23 |

Post removed.Why?

Posted by nuilam hali > 2021-02-17 22:24 |

Post removed.Why?

Posted by Albukhary > 2021-02-17 22:26 | Report Abuse

Dear all Kossan supporter, can I ask two question regarding the latest Quarter Result announced by Kossan:-

1) Does the RM50mil donation to Government included in this quarter report?

2) Why the tax expenses is higher than normal corporate tax rate of 24%?
RM221mil / [RM764mil -RM50mil*] = 31%

* RM50mil is gain from disposal of land, it should be tax exempted.


My personal opinion is the RM50mil donation to government has been included in the tax expenses of RM221mil. If I took out the RM50mil from RM221mil, the actual tax expenses is RM171mil.

So, RM171mil / RM714mil = 24% (tally with corporate tax rate)

Posted by linheng > 2021-02-18 02:52 | Report Abuse

As of 16 Feb
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 213,772,867 2.61
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 51,414,563 2.02
5168 HARTA HARTALEGA HOLDINGSBERHAD 43,093,323 1.26
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 26,237,389 0.97
About 0.5% of TG had being covered this few days.
THE SHORT COVERING DOES NOT COME VIA BUYING THROUGH RSS account.
MY OPINION IS THAT THE 11 CENTS DIVIDEND IS SIGNIFICANT. THE SHORT SELLER WILL WANT TO COVER SOME KOSSAN SAHRES BEFORE THE X DATE

Posted by jeremylin > 2021-02-18 06:42 | Report Abuse

stock ni buat orang marah saje...tidur lama sudah ma

Posted by UnkleLim > 2021-02-18 07:34 | Report Abuse

@gohhocks, agreed. Market thinks ASP will start going down in the second half of 2021. But do you think so? 3 more months to go only. UnkleLim think not so fast la. So most IB prediction is wrong and they will need to revise their TP again.

Posted by bose00 > 2021-02-18 08:07 | Report Abuse

Pls do not disturb.. it’s accumulation phase

Posted by bose00 > 2021-02-18 08:08 | Report Abuse

You quietly accumulate

Posted by casanwk > 2021-02-18 09:32 | Report Abuse

Today projected tp rm412

Posted by casanwk > 2021-02-18 10:03 | Report Abuse

Topup 408

Posted by 10KaDay > 2021-02-18 10:22 | Report Abuse

Hi everyone, when is the ExDate for Dividend?

Posted by UnkleLim > 2021-02-18 10:55 | Report Abuse

March 3

Posted by Bullrunrun > 2021-02-18 11:01 | Report Abuse

Everyday Israel has 4-5k new cases even though 80% of its population vaccinated

https://www.coronatracker.com/country/israel/

Posted by Kossan > 2021-02-18 16:14 | Report Abuse

4.4

Posted by casanwk > 2021-02-18 16:15 | Report Abuse

Lei long lei long 404
Finish no more liao
Next lot is higher pricing
U decide...huh
:)

Posted by Gohhocks > 2021-02-18 17:31 | Report Abuse

Thanks UnkleLim, if we look at the EPS for 2021, probably will be 40-60 cents, my guess, but for 2022, EPS may drop to around 20 cents, my guess, so currently share price RM 4, is it too low or too high? Just depends on how u look at it.. my thought.. that’s why I said earlier the price will not go higher or lower at this juncture.. merely my thought.

Posted by silverdigger > 2021-02-18 17:43 |

Post removed.Why?

Posted by RainT > 2021-02-18 17:46 | Report Abuse

how about if KOSSAN can sustain this profit level beyond year 2021?

is this possible to happen?

unlikely

if yes,now is buy time

Posted by mita29 > 2021-02-18 17:52 | Report Abuse

This year (2021) will earn 10 years of profit. lmao

Posted by mita29 > 2021-02-18 17:56 | Report Abuse

No lah, there is a war between shorties & TOP Glove taukeh, very fierce battle right now.
https://marker.medium.com/i-run-a-public-company-5b6347fc0b1f

Posted by UnkleLim > 2021-02-18 21:01 | Report Abuse

Anyway, the money they earn is far more than most companies in bursa. Heineken only earn 54mil in one qr. even last time their earning also around 50.60mil per qr.

Kossan earns 500mil in last qr. it’s 10x what heim earn. And few more good quarters ahead. Even though their profit will drop in future but I would say it’s a wow.

Posted by linheng > 2021-02-18 21:04 | Report Abuse

Kossan made about 240m per year before the pandemic.So why worry about 2023

Posted by Infinite > 2021-02-18 21:06 | Report Abuse

Few billion cash on year end can use to buy value asset, this it what they able to sustsin the earning for the next few years

Posted by linheng > 2021-02-18 21:11 | Report Abuse

YEAR ENDED31 DEC 1931 DEC 1831 DEC 1731 DEC 1631 DEC 15
FINANCIAL RESULTS (RM’000)Revenue2,217,170 2,140,571 1,957,627 1,667,996

1,639,509
Proit before taxation276,372 249,264 228,313 210,008 268,567
Proit attributable to equity holders of the Company
224,653 199,773 182,061 167,063 202,530

Posted by linheng > 2021-02-18 21:12 | Report Abuse

224 m profit in 2019 (before pandemic) Yr 2015 was also above 200m
Don't worry post convid. Just keep this share as core holding