GOOD DIVIDEND
KOSSAN 7153 Share Price
RM2.79 RM1.29
52 Weeks Range : 1.21 - 3.33
7.6/10 (Expert Score)
Product is rated as #2 in category BM Health Care PROS:
- Profitable business
- High Dividend Yield
- Very High Tangible-to-Price
- Cash Rich Company
- Very Low Gearing
- Very High Trading Value
klse: Kossan Rubber Industries Bhd
Corporate Information
Board : Main
Shariah : Shariah Compliant
Sector : Gloves
Address: Wisma KOSSAN, Lot 782 Jalan Sungai Putus, Off Batu 3 3/4, Jalan Kapar, Klang, 42100, Selangor
Contact: +603-32912657
Website: https://kossan.com.my/
Corporate Background
Kossan Rubber Industries Berhad manufactures and sells rubber products. Through its subsidiaries, the Company also manufactures and trades latex examination gloves as well as fabricates and installs machinery.
Specification: KOSSAN 7153
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 26/07/22 | 589,859 | 64,295 | 45,992 |
| 27/04/22 | 690,632 | 119,839 | 90,103 |
| 17/02/22 | 924,555 | 273,704 | 218,674 |
| 21/10/21 | 1,302,768 | 696,778 | 528,203 |
| 27/07/21 | 2,238,015 | 1,403,749 | 1,064,847 |
| 20/04/21 | 2,192,149 | 1,373,540 | 1,041,823 |
| 17/02/21 | 1,307,022 | 764,868 | 542,487 |
| 09/11/20 | 1,033,347 | 436,393 | 348,741 |
| 25/08/20 | 701,680 | 160,836 | 131,057 |
| 21/05/20 | 611,465 | 82,534 | 64,803 |
| 21/02/20 | 578,349 | 72,279 | 61,003 |
| 21/11/19 | 531,257 | 62,768 | 49,175 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 3,507,814 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 885,164 |
| Last 4 Quarter EPS (sen) | 34.59 |
| Last 4 Quarter PER | 3.73 |
| Last 4 Quarter Dividend (sen) | 24.00 |
| Last 4 Quarter Dividend Yield (%) | 18.60 |
| Net Tangible Assets (RM) | 1.58 |
| Goodwill (RM) | 6,040 |
| Cash (RM’000) | 2,550,000 |
| Debt (RM’000) | 222,850 |
| Total Debt (RM’000) | 765,980 |
| Net Assets (RM’000) | 4,120,000 |
| Current Ratio | 4.34 |
| Quick Ratio | 3.83 |
| Cash Ratio | 3.10 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.025 |
|---|---|
| Exponential Moving Average 5 | 1.282 |
| Exponential Moving Average 20 | 1.295 |
| Exponential Moving Average 90 | 1.522 |
| Relative Strength Index 14 | 0.52 |
| Stochastic %D 3 | 0.27 |
| Stochastic %K 14 | 0.45 |
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Financial Planning
Underperform Stock
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RM1.36RM0.77
BURSA MALAYSIA –
Profit before taxation decreased by 50.36% to RM696.78 million in 3Q21 as compared with RM1.40 billion in 2Q21 in tandem with the lower revenue from all three divisions. Performance in the current quarter was impacted by the Enhanced Movement Control Order (EMCO) imposed in the state of Selangor as well as by the subsequent National Recovery Plan (NRP) where affected plants were only allowed to operate at 60% workforce capacity, as well as lower ASP.
The Edge –
The big four rubber glove counters continued to see buying interest today, making it to the top 20 gainers on the local bourse today. In third place on the top gainers’ list was Kossan Rubber Industries Bhd, which rose by 8.4% or 33 sen to RM4.26, valuing the company at RM10.9 billion. Sentiment around rubber glove stocks has been lifted in the past few trading days, following the elevated numbers of Covid-19 cases in the country, which have stayed above 2,000 daily cases.
BURSA MALAYSIA –
The Group recorded revenue of RM1,033.35 million in 3Q20, rising 47.27% as compared with RM701.68 million in the immediate preceding quarter. PBT rose 171.33% to RM436.39 million from RM160.84 million in 2Q20. The performance was attributable to the improvement in all three divisions – Gloves, Technical Rubber Products and Cleanroom.
The Star –
The rubber glove counters which have been charging forward, with no sign of the Covid-19 pandemic abating, suddenly found themselves in a bloodbath amid various developments involving the sector. Some positive news on a vaccine, competition rising faster than expected and concerns of a potential windfall tax all attributed to the correction. Kossan Rubber Industries Bhd slid the most in terms of percentage, down 9.96% or 81 sen to RM7.32
BURSA MALAYSIA –
The Group recorded revenue of RM701.68 million in 2Q20, rising 14.75% as compared with RM 611.47 million in the immediate preceding quarter. PBT rose 94.87% to RM160.84 million from RM82.53 million in 1Q20. The performance was mainly due to the improvement in the Gloves and Cleanroom division due to the increase in the demand for the division’s products as a result of the COVID-19 pandemic.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 17.45 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 303.4 million and auditor’s remuneration of 441 thousands
BURSA MALAYSIA –
The Group recorded revenue of RM611.47 million in 1Q20, rising 5.73% as compared with RM 578.35 million in the preceding quarter. PBT rose 14.19% to RM82.53 million from RM72.28 million in 4Q19. The performance was mainly attributable to the improvement in the Gloves division.
BURSA MALAYSIA –
The Group recorded revenue of RM578.35 million in 4Q19, rising 8.86% as compared with RM 531.26 million in preceding quarter. PBT rose 15.15% to RM72.28 million from RM62.77 million in 3Q19. The performance was mainly attributable to the improvement in the Gloves division.
INVESTING MALAYSIA –
KOSSAN (16 JAN 20) Kossan Rubber Industries Bhd is disposing of a vacant freehold industrial land in Kuala Langat, measuring 390,397 sq metres, for RM147.75 million.
Investing Malaysia –
Average investing volume for Kossan Rubber Industries Bhd in the past three months in stock market was 2170.3k lots
Investing Malaysia –
KOSSAN gets a score of 7.02 in our equity and assets quality test based on current share price of RM4.65
Investing Malaysia –
Kossan Rubber Industries Bhd gets a score of 15.89 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 7153 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
KOSSAN is estimated to have a profit consensus of 258.02 millions, with an adjusted market capitalization of 5934.26 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 19.24 million. It was high compared to average in listed companies, considering the employees’ remuneration of 282.6 million and auditor’s remuneration of 401 thousands