As we are now in the final quarter of 2009, we roll forward our target price to end-2010. We think that the latest incident could dampen sentiment on the stock, along with the foreign hedging misstep. We, therefore, widen the discount to our 15 times target market price/earnings (P/E) from 20% to 40%. Our earnings changes led to an increase in our end-2010 target price from RM7.73 to RM8.13. We maintain our outperform recommendation based on the potential improvement in the group’s longer-term earnings.




Source: http://www.theedgemalaysia.com/component/c...cle/153992.html


Good to start collecting now...RM4.84-RM4.9

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Added on November 24, 2009, 11:12 amQuarterly report will be out by today....

This post has been edited by cwtong: Nov 24 2009, 11:12 AM

Very hot stock these few days, I hv few lots, anybody knows what is the good price to sell?

EX-date 06/11/2013
Entitlement date 08/11/2013
Entitlement time 05:00:00 PM
Entitlement subject Bonus Issue
Entitlement description BONUS ISSUE OF UP TO 319,733,952 NEW ORDINARY SHARES OF RM0.50 EACH IN KOSSAN RUBBER INDUSTRIES BHD ("SHARES") ("BONUS SHARES"), TO BE CREDITED AS FULLY PAID-UP AT PAR, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF KOSSAN RUBBER INDUSTRIES BHD AT 5.00 P.M. ON 8 NOVEMBER 2013

What does it mean??

One lot getting one lot??

Yes. If U have 1000 Kossan shares, they will give U another 1000 Kossan shares free.

If u hold 100 shares now, u will get additional 100 shares for free

Ahhhh okay thanks

No wonder the price keeps droppin

Greater earnings growth for Kossan - AmResearch

Maintain buy with higher fair value of RM7.60: We maintain our “buy” recommendation on Kossan but with a higher fair value of RM7.60 per share (ex-bonus: RM3.80 per share), based on a higher target price-earnings ratio (PER) of 15 times (against 12.5 times previously).

Note that the stock was traded ex-bonus (1-for-1) on Nov 6. The exercise would double the group’s outstanding number of shares of 50 sen each from 319.7 million to 639.5 million. The entitlement date has been set for Nov 8, 2013.

We believe a higher PER multiple for Kossan is justified given its greater earnings growth (2014 calendar year [CY14]: 20% against Hartalega Holdings Bhd and Top Glove Corp Bhd’s 10% to 12%) backed by a strong glove capacity expansion; margin expansion from a larger nitrile segment contribution (2013 financial year [FY13F]: +7 points to 50%) as well as full automation of its plants within the next two years; and bright prospects for its technical rubber products (TRP) division.

The group is presently undergoing a transformation phase with its focus on technology innovation.

Improving plant efficiencies and line productivity on a new manufacturing model will help spearhead its next phase of growth.

We understand that Kossan will be constructing three nitrile glove plants by May 2014 which will collectively expand its installed capacity by approximately five billion pieces (or 30%). This potentially translates into additional revenue of about RM400 million. We gather that the group has sold forward the bulk of its new capacities.

We are also encouraged by management’s recent move to raise its dividend payout ratio to 40% to 50% within two to three years from 25%. Coupled with the stock’s improved liquidity ex-bonus, we anticipate investor interest to remain piqued.

Although yields have declined following its impressive share price performance (year-to-date: +94% versus KLCI’s +7%), its FY13F to FY15F average of 3% is still decent. We believe the stock still has legs on the upside given the group’s upward earnings trajectory.

Current valuations are still attractive. Kossan is presently trading at an FY14F PER of 13 times, a steep 44% discount to Hartalega’s 23 times and 19% to Top Glove’s 16 times.

BONUS ISSUE OF 319,733,952 NEW ORDINARY SHARES OF RM0.50 EACH IN THE COMPANY (“KOSSAN SHARES” OR “SHARES”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP AT PAR, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD BY ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 8 NOVEMBER 2013 (“BONUS ISSUE”)

http://www.bursamalaysia.com/market/listed...cements/1456737

BONUS ISSUE OF 319,733,952 NEW ORDINARY SHARES OF RM0.50 EACH IN THE COMPANY (“KOSSAN SHARES” OR “SHARES”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP AT PAR, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD BY ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 8 NOVEMBER 2013 (“BONUS ISSUE”)

http://www.bursamalaysia.com/market/listed...cements/1457241

Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1470369

EX-date 06/12/2013
Entitlement date 10/12/2013
Entitlement time 04:00:00 PM
Entitlement subject Interim Dividend
Entitlement description TAX EXEMPT INTERIM DIVIDEND OF 3.5 SEN PER ORDINARY SHARE OF RM0.50 EACH FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2013
Period of interest payment to
Financial Year End 31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no SYMPHONY SHARES REGISTRAR SDN BHD
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Payment date 20/12/2013

Kossan to pay higher dividend on 20-25% earnings growth

Kossan Rubber Industries Bhd said that its investors can expect higher dividends for 2014 and expects its earnings to grow by 20% to 25% for the next 2 years.

"Dividend has been on the rise, looking at 2012 and 2013, the payout ratio increased from over 20% to over 30%, so maybe investors can expect something higher from this year onwards," said Edward Yip, general manager of Kossan.

He added that the group does not have a written policy for dividend payment, saying "if we earn more, we pay more."

Kossan expects a 20% to 25% growth in earnings for 2014 and 2015, with Yip hinting that earnings growth may be higher as the forecasts do not reflect the group's potential expansion into Indonesia and Vietnam.

According to Yip, the group had acquired a 2.2ha tract of land in Jakarta for approximately RM6 million for the construction of a plant for production of technical rubber products.

"We are very upbeat on Indonesia's market potential, as the country has a high number of cars sold, on par with Japan and China, consecutively for the last 2 to 3 years," he said.

Anybody bought Kossan recently?

Many people


Now 5.5 millions kena covid

very slow compared with other glove counters

Agreed, can't compare with Supermx & Top Glove but it is the lowest PE comparable

Goreng supermx, comfort , ruberrex or careplus only .. follow the wave . Now go in can either go big or go small only

Nobody care on the TP anymore

This post has been edited by TrustULoveU: May 30 2020, 11:54 AM

But careplus too much increase, more than 500%, people sure got rich if bought at RM0.23 price at least, now RM1.40. But im worry this stock overvalued and overbought, later the price going down so much, because I bought this stock so late, at >RM1.30, hmmm

U always can set ur loss threshold (10/20/30/40%), some trading platforms allow you to do that for every order... at least you won’t loss till drop pant.