Last Price Today's Change   Day's Range   Trading Volume
6.17   -0.08 (1.28%)  6.16 - 6.27  1,130,700
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  13 people like this.
Terrenceyeo Kossan factory people kena covid? Isit true ???
24/11/2020 2:55 PM



24/11/2020 3:05 PM
supersinginvestor Aiyo
Die lor
24/11/2020 3:22 PM
abunene collect @6.00. ok?
24/11/2020 4:50 PM
Apple1234 supersinginvestor (无常): why come back glove counter again? Please go back to your bank sector. You cut lose two time, want come again? Okok, I told you one secret, this time all in Kossan, because Kossan is good, is super good. This time you all in Kossan I think you won't cut losses edi.
24/11/2020 4:51 PM
abunene keep til cny and collect angpao.
24/11/2020 4:55 PM
supersinginvestor Aiyoyoyo...
24/11/2020 5:09 PM
supersinginvestor Apple1234 u stuck in kossan ah?
Ahahahaha....pity u never listen to sifu told u sell 2 weeks ago
24/11/2020 5:09 PM
Ukga So far we know the high profit margin for gloves counters will definitely maintain well into next year.
But this might not reflect into unimaginable high shares prices we have seen in the past few months. We can see that investors sentiment had changed on gloves counters due to vaccine news..... cheers.
24/11/2020 5:28 PM
cbkia4896 Hmmm someone keep saying kossan got cases
Then someone keep collecting at rm6
So fishy
Me like
24/11/2020 6:47 PM
Kossan Guys, fresh Bloomberg subscribed news

Gloves mania has had a big year so far and 2021 could be even bigger. ASP’s more than doubled in price through third Quarter’ 20 and this Quarter would surpassed to new height due to halted production lines in world’s largest gloves manufacturer, Top Gloves.

The ASP has added almost 30% since the unprecedented closure news broke out, shooting toward its all-time high of around $95-105/ 1,000 pieces spurred on by a wave of orders for mass vaccination.

Traders and government officials are now turning to panic spot order what will happen if gloves does manage to break its all-time high—with one analyst predicting it will be the beginning of a two-year run toward a $150/ 1,000 pieces.
24/11/2020 7:08 PM
Ukga Yes. We can also see shares buyback and EPF dipping into it. But will this mean glove counters will fly (say for Kossan to RM9 or even Rm10 or higher)? Personally I have strong reservation on it. I will be laughing all the way to my bank if's happen....Stay safe all and enjoy shares trading ..Cheers
24/11/2020 7:26 PM
Apple1234 Supersinginvestor (无常): yes yes, you say anything also yes. But please la, already cut lose Kossan go banking sector why come back again?
24/11/2020 8:57 PM
supersinginvestor Double fuk u@apple1234..
Where i go none of ur business bastard..
24/11/2020 8:58 PM
Apple1234 Supersinginvestor (无常): after cut lose Kossan, welcome back. Later open fb live can clean your hair first?
24/11/2020 9:20 PM
Apple1234 supersinginvestor (无常): I think you get lose from Kossan better ba, ok?
24/11/2020 9:21 PM
Basketball4Life @Kossan
Guys, fresh Bloomberg subscribed news

24/11/2020 9:21 PM
Ukga While the world is waiting for immunization, some investors are beginning to move some funds out of glove counters into other sectors as we can witness share prices picking up over there. Slowly but surely we are going back to more norm in 2021. The focus on glove counters will not be as 'hot cakes' as before going forward. Glove counters will go north or south from here is anyone guess and will depend very much on investors' sentiment.....Cheers
24/11/2020 10:19 PM
NPRA1985 Malaysia's crucial Budget 2021 vote likely to be delayed

The vote on Malaysia's budget in Parliament, scheduled for Thursday (Nov 26), that could decide the fate of the Muhyiddin Yassin administration is set to be delayed to next week on Dec 1.

24/11/2020 11:38 PM
NPRA1985 The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

25/11/2020 1:25 AM
PanjiAlam55 Politician especially UMNO always creating inconsistent to the market, WTH....!
25/11/2020 3:28 AM
PanjiAlam55 UMNO members still thinking that they are fully in powered, just wait for the GE15 rakyat will not give them not even 1 vote, rakyat already feed up with UMNO ever since the big liar and pirate stealing rakyat money (KWAP)..but he still deny it although court has sentence him to jail few month ago...
25/11/2020 3:35 AM
awlovely Good morning everyone. Should buy in more now or will it
keep dropping?
25/11/2020 8:37 AM
Kossan Guys, fresh Bloomberg subscribed news

Gloves mania has had a big year so far and 2021 could be even bigger. ASP’s more than doubled in price through third Quarter’ 20 and this Quarter would surpassed to new height due to halted production lines in world’s largest gloves manufacturer, Top Gloves.

The ASP has added almost 30% since the unprecedented closure news broke out, shooting toward its all-time high of around $95-105/ 1,000 pieces spurred on by a wave of orders for mass vaccination.

Traders and government officials are now turning to panic spot order what will happen if gloves does manage to break its all-time high—with one analyst predicting it will be the beginning of a two-year run toward a $150/ 1,000 pieces.
25/11/2020 9:11 AM
25/11/2020 9:41 AM
supersinginvestor Hehe..gloves kena covid...
Say vaccine needs gloves...
But now looks like gloves need vaccine more...ahahahaha
25/11/2020 10:07 AM
yamapipi Post removed. Why?
25/11/2020 11:25 AM
NPRA1985 Schedule for budget voting on track — source

As for now, the schedule for the crucial Budget 2021 vote set for tomorrow is on track, according to a source familiar with the matter.

“Ministers have also been reminded to stick to their 20-minute allocation and not exceed it — as what happened on Monday and Tuesday. Questions that can’t be answered due to time constraints will be answered in writing,” a government source familiar with the scheduled budget vote told The Edge, adding that at present, the budget voting is still “confirmed” for tomorrow as scheduled.

25/11/2020 12:57 PM
supersinginvestor Gloves share buy backs n epf buying is artifically holding up prices..this means no more rally in gloves..just soft ending...
25/11/2020 2:01 PM
Apple1234 supersinginvestor (无常): yes yes, vaccine need glove, welcome back Kossan and all in.
25/11/2020 4:10 PM
Apple1234 Supersinginvestor (无常): yes yes, vaccine need glove. All in Kossan ok?
25/11/2020 4:11 PM
supersinginvestor The lord cursed the self righteous with covid...then gloves protected the cursed ...now gloves r cursed....simple....no need financial report to know this...u want to own cursed gloves? Sell gloves buy banks ...The self righteous r cursed to walk the earth till judgement day. N judgement day is upon them gloves...the gloves protect the self righteous from the curse bestowed upon them(covid)..n now the gloves r cursed to eternal damnation...sell the gloves n buy the banks..pbbank hlbank n be rewarded dearly...
25/11/2020 4:13 PM
Kossan Fresh from BBC

Personal protective equipment (PPE) stockpiles in England were inadequate for the Covid pandemic and price rises earlier this year cost taxpayers about £10bn, the spending watchdog has said.
The National Audit Office said there had been a particular shortage of gloves and aprons.
The government said the NAO's report recognised that NHS providers had been able to get what they needed in time. Almost £12.5bn was spent on 32bn items of PPE between February and July 2020. During the same period in 2019, 1.3bn items were bought at a cost of £28.9m.
25/11/2020 6:32 PM
Apple1234 Supersinginvestor (无常): you are genius...... can you wash your oily hair?
25/11/2020 8:33 PM
Kossan Fresh from Reuters

Malaysia's Top Glove Corp, which has shut some factories after thousands of workers tested positive for COVID-19, said on Wednesday it expects some supply shortages that could push up prices of medical rubber gloves.

The company, the world's largest latex glove maker, said in a media briefing that it had not yet seen any cancellation of orders, and that it expected the virus outbreak among its workers to be contained within a month.
25/11/2020 9:30 PM
Kossan Fresh from CNA

Malaysia's Top Glove, the world's largest rubber glove maker, said Wednesday (Nov 25) that supply disruptions at its factories due to a COVID-19 outbreak may push glove prices up.

The company said it has shuttered 20 of its factories in an area outside Kuala Lumpur in stages since Nov 17 after nearly 3,000 workers tested positive for the coronavirus, with another eight facilities in the same area running below 20 per cent of capacity.
25/11/2020 9:38 PM
Kossan Fresh from the star news

The temporary closure of the world’s largest glove maker’s factories following a spike in Covid-19 cases among its workers will affect the production and supply of surgical gloves in the country and globally, said an industry group.

Malaysian Pharmaceutical Society president Amrahi Buang said the chain effect should be viewed carefully as Top Glove is the largest manufacturer of surgical gloves in the world.
26/11/2020 8:10 AM
Goku88 https://nypost.com/2020/11/24/moderna-boss-says-covid-shot-not-proven-to-stop-virus-spread/
26/11/2020 2:11 PM
Goku88 Moderna boss says COVID-19 vaccine not proven to stop spread of virus

Moderna’s coronavirus vaccine may not get life back to normal right away because it hasn’t yet been proven to prevent the deadly bug from spreading, the company’s top doctor says.
26/11/2020 2:11 PM
Kossan Fresh from NY times

Research has shown that the biotech firm’s shot is effective at preventing people from getting sick with COVID-19, but there’s no hard evidence that it stops them from carrying the virus “transiently” and potentially infecting others who haven’t been vaccinated, according to Dr. Tal Zaks, Moderna’s chief medical officer.
26/11/2020 3:04 PM
Kossan Fresh from Reuters

Gloves manufacturing companies in Malaysia is expecting skyrocketing earnings upside to the FY21 estimates due to global shortages of gloves amid closure of world’s largest glove producer, Top Gloves factories. The glove ASP may continue daily doubling rise until reopening. Previous analysts FY21 earnings may be underestimated.
26/11/2020 3:38 PM
Kossan Fresh from Bloomberg

Gloves manufacturers raised average selling prices (ASPs) of its gloves by another 40 per cent on a day-on-day basis due to partial closure of Top Gloves factories.

Business insiders said further ASP revisions were expected in the coming days as countries are gearing for mass vaccination program. Gloves security is a new terminology created and widely used by government officials. With the steep ASP hike projected, a spectacular earnings are expected for gloves producers.
26/11/2020 3:47 PM
Goku88 Supermx + TG already flying, time to hop into Kossan and ready to fly.
26/11/2020 4:17 PM
Goku88 https://www.nst.com.my/business/2020/11/644112/top-glove-tumbles-plant-closure-move-may-push-glove-prices-higher
26/11/2020 4:18 PM
Goku88 Top Glove tumbles on plant closure, move may push glove prices higher
26/11/2020 4:18 PM
Kossan Fresh from CNBC

After observing the steep rise in ASP a week go and onwards while the ASP is projected to skyrocket to a new level, our assumptions, we project Nov’20 ASP to increase by 50% and 60% in the following month before decreasing to 20% in FY21.

This is based on the assumption of a significant growth in ASP due to unprecedented closure of a leading glove manufacturer, Top Gloves which controls 25% of global market share. The elevated ASP will sustain into the first half of 2022 before moderating in FY23.

The earnings upside to the FY20 estimates would be high if Top gloves factories remain close for another week, which would suggest that the non- Top gloves counters may continue to rise and the precious FY20 earnings may be underestimated.
26/11/2020 7:09 PM
speakup https://www.malaymail.com/news/what-you-think/2020/11/25/case-for-windfall-taxes-lim-wei-jiet/1925899

26/11/2020 10:57 PM
Ukga Hope steep rise in ASP will reflect into higher share prices and better dividends payout in the future.... Cheers and Stay safe.
26/11/2020 11:22 PM
Kossan Fresh from Bloomberg

Non- Top gloves companies are expected to raise average selling prices (ASPs) of its gloves by another 50 per cent on a month-on-month basis.

An investment banker said some ASP still lagged behind some of its peers and further ASP upward revisions were expected in the coming days as it continued narrowing the pricing gap.
27/11/2020 9:22 AM
Kossan Fresh from Reuters

Rubber glove stocks under our coverage have gone through share price volatility over the past months on concerns that investors are looking at earnings beyond FY21. Based on our analysis presented in this report, we can conclude that: (i) ASP is going to be stubbornly high at least till mid 2022 which supports exponential QoQ earnings growth over the next few quarters, (ii) tight supply situation due to unprecedented closure of Top Glove factories following nitrile raw material and glove formers shortage will lead to longer production lead time, and (iii) 2020 to 2022 estimated incoming capacity are indicating demand to continue outpacing supply. All in, we are excited with the sector prospects over the next few quarters due to supply tightness amid strong demand. Specifically, industry trend of rising weekly and monthly ASPs is expected to boost bottom-lines. Amplifying the growth are restocking and inventory-building activities creating a supernormal demand spurt leading to acute supply shortage, due to the prolonged pandemic.
27/11/2020 11:22 AM

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