Tuesday, March 2, 2021
  • Sign Up
  • Chat
  • Help
PRIVATE ARTICLE
CLIENTS LOGIN
The Exclusive Kim's Stockwatch
Advertisement
  • INTRO
    • Overview
    • About Kim
    • Testimonial
  • NEW TO MARKET
    • Super Investor
    • I Have Money
    • Let’s Quickie
    • Important Things
  • KIM’S SERVICES
    • Kim’s Group Trader (KGT)
    • Kim’s Investment Club (KIC)
    • Kim’s Prime Trader (KPT)
  • KIM’S NEWS
    • Kim’s Ideas
    • Today’s Calls
  • KIM’S LIBRARY
    Wall Street market bubble?

    Wall Street market bubble?

    Panic-Emotional Trading on State of Emergency?

    Panic-Emotional Trading on State of Emergency?

    Revision Static and Dynamic Price Limits

    Revision Static and Dynamic Price Limits

    Fundamental Analysis

    Fundamental Analysis

    Technical Analysis

    Technical Analysis

    Stock Analysis

    Stock Analysis

    What is PE ratio?

    What is PE ratio?

    Top Line Vs Bottom Line

    Top Line Vs Bottom Line

    Blue chip stocks

    Blue chip stocks

    Sustainable growth

    Sustainable growth

    Capital Market and Its Types

    Capital Market and Its Types

    Stop Loss

    Stop Loss

    Bonds vs Stocks – Know the Difference Between Shares & Bonds

    Bonds vs Stocks – Know the Difference Between Shares & Bonds

    What Is Hedging In Stock Market

    What Is Hedging In Stock Market

    What is Pre market trading?

    What is Pre market trading?

    How to invest in stock market with little money?

    How to invest in stock market with little money?

    What is a stock market crash?

    What is a stock market crash?

    How to read stock charts for beginners?

    How to read stock charts for beginners?

    What is preference share & types of preference shares?

    What is preference share & types of preference shares?

    IPO and FPO – Know the Difference Between IPO & FPO

    IPO and FPO – Know the Difference Between IPO & FPO

  • JOIN KIM’S
    • Open Membership
    • Win Cash
    • Contact Us
  • COVID-19
No Result
View All Result
  • INTRO
    • Overview
    • About Kim
    • Testimonial
  • NEW TO MARKET
    • Super Investor
    • I Have Money
    • Let’s Quickie
    • Important Things
  • KIM’S SERVICES
    • Kim’s Group Trader (KGT)
    • Kim’s Investment Club (KIC)
    • Kim’s Prime Trader (KPT)
  • KIM’S NEWS
    • Kim’s Ideas
    • Today’s Calls
  • KIM’S LIBRARY
    Wall Street market bubble?

    Wall Street market bubble?

    Panic-Emotional Trading on State of Emergency?

    Panic-Emotional Trading on State of Emergency?

    Revision Static and Dynamic Price Limits

    Revision Static and Dynamic Price Limits

    Fundamental Analysis

    Fundamental Analysis

    Technical Analysis

    Technical Analysis

    Stock Analysis

    Stock Analysis

    What is PE ratio?

    What is PE ratio?

    Top Line Vs Bottom Line

    Top Line Vs Bottom Line

    Blue chip stocks

    Blue chip stocks

    Sustainable growth

    Sustainable growth

    Capital Market and Its Types

    Capital Market and Its Types

    Stop Loss

    Stop Loss

    Bonds vs Stocks – Know the Difference Between Shares & Bonds

    Bonds vs Stocks – Know the Difference Between Shares & Bonds

    What Is Hedging In Stock Market

    What Is Hedging In Stock Market

    What is Pre market trading?

    What is Pre market trading?

    How to invest in stock market with little money?

    How to invest in stock market with little money?

    What is a stock market crash?

    What is a stock market crash?

    How to read stock charts for beginners?

    How to read stock charts for beginners?

    What is preference share & types of preference shares?

    What is preference share & types of preference shares?

    IPO and FPO – Know the Difference Between IPO & FPO

    IPO and FPO – Know the Difference Between IPO & FPO

  • JOIN KIM’S
    • Open Membership
    • Win Cash
    • Contact Us
  • COVID-19
No Result
View All Result
The Exclusive Kim's Stockwatch
No Result
View All Result
Home Kims Ideas

MY NEXT GLOVES COUNTER TO SKYROCKET!!!

July 9, 2020
in Kims Ideas
8 min read
MY NEXT GLOVES COUNTER TO SKYROCKET!!!

DATE : 09 July 2020

KOSSAN RUBBER INDUSTRIES (UPGRADED TP)

Related articles

Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

PART II – MY LATEST GEMS INVOLVED TO SUPPLY DEEP FREEZERS FOR UK COVID-19 VACCINES!!!

February 12, 2021
1.5k
Supermax – Low P/E & Glove Makers to surge +100% this 2020 year!

MY LATEST GEMS TO SKYROCKET SOON!!!

February 12, 2021
1.5k

(UPGRADED TP)
Current Price: RM11.32
Immediate Target: RM12.00 (This Week)
Target Price: TP1 = RM16 / TP2 = RM18
Last target : RM25 (Mac-2021 – Last target depend on COVID-19 situation)

WHAT THEY DO?


Kossan Rubber Industries Bhd is a public listed company which has been established since 1979 with primary business in glove manufacturing followed by technical rubber and cleanroom manufacturing expertise.

Kossan is one of the largest manufacturers of latex disposable gloves in the world with an annual production capacity of 28 billion pieces and the largest technical rubber products manufacturer in Malaysia with a total compounding capacity exceeding 10,000 mt.

More than 80% of its products are exported to over 130 countries with 350 active customers mostly located in developed nations such as United States, U.K., Scandinavian Countries, Europe, China, Korea & Japan. 

Kossan manufactures and offers a wide range of products including highly technical input engineered rubber products used in automotive, infrastructure, marine, aviation, rail and mining industries through its Technical Rubber Product Division and latex disposable gloves through its Glove Division. The Group operates with 20 plants (19 in Malaysia, 1 in China) and has a total workforce to approximately 6,000 comprises both local and foreign nationals. Equipped with strong manufacturing capability,

Kossan has been the preferred OEM manufacturer and business partner by many renowned MNCs for the past 2 to 3 decades. The Company is recognized for its capability in bringing to its customers various innovative products with a fair price and consistent product quality, professional business dealings and robust financial track record.

KOSSAN PRODUTCS


Kossan have 3 segmen products :-

1. Technical Rubber Products

  • Engineered Products
  • EVA Products
  • Extrusion Products
  • Moulded Products
  • Rollers & PU Products

2. Gloves

  • Medical
  • Professional
  • Specialty
  • Surgical Procedures

3. Cleanroom & Safety

  • Cleanroom
  • Industrial PPE

KIM INSIGHTS


All of us knew that Golve counters has move up a lot and why we still writing this blog to share with all of you? It is important for you not to miss this great opportunity to join the party for KOSSAN. We believe KOSSAN can move even higher as a lot of Investment Bank had just updated the TP to RM14. Believe it or not it will hit Kim’s TP soon. As Kim’s mention on June 20 “You will not getting any cheap entry price for golve counters again on July”. As the chart pattern above show a skyrocket pattern and still no stop!!! With the strong consolidation on previous resistance level that generated strong breakout on this counter. Watch out!!!! It will hits Kim’s TP soon!!!   WHY WE WRITTEN KOSSAN? 


  • Among the rest of the Golve counters. KOSSAN is the lowest PE. Other counters had already taking about forward PE>80-100. 
  • The Management continue buying it share from the market.
  • EPF also joining the party and keep buying this counter.
  • The company is expanding its business.
  • A lot of IB updated all golve counters TP to higher price. Imagine if Top Glove their thinking TP is RM30. What do you think about Kossan?

COMPARISON BIG-4


 Please find the comparison data we had prepared for you and why we said so!!! 

From the table above, do take note that ONLY KOSSAN is laggard behind in term of percentage growth and the lowest P/E still. Its should be P/E 80 – 100. If their P/E increased between that range, we will see this KOSSAN trading at RM16 & RM18 which is my target price.    THE GLOVES VIEW


About a couple months ago, we have seen that Malaysian stocks are set to enter bull territory as glove makers extend their record rally. The country is home to the world’s biggest glove makers Top Glove and Hartalega , which have surged in recent months due to rising demand for protective equipment during the global coronavirus pandemic. 

However, the hottest sector which is gloves had been warned and distracted by some of local IB’s. As we know the margin capping has been applied. I had asked my local broker house regarding this issue and the answered I got, that is because the price moves too quickly. They don’t want to have non-performing loan. So till now I am foreseen and agreed some said the valuation of gloves at the peak and already price in currently for all gloves mostly. But I am still intrested to see incoming next quater results. I also hope the results for all gloves excellent and superb.

For now, the return of the retail investor have been the major support of the stock market rally. However, will they exit soon, as the market currently seems to be consolidating. With more retail investors participating in trading, we can expect volumes to stay, though expect herd mentality. In the longer run, second half of this year would show better prospects than first half. As I mentioned earlier a couple months ago, this gloves sector has entered the defender territory sector. Due the pandemic Covid-19 keep increasing global cases nowdays, especially US and Brazil, my predicting 10 millions cases has been hit and US with 5 millions cases coming soon. My view on this sector, can be resume again in a long-run after market consolidating finished in June. 

Recently, Gloves stocks movement high volatility after margin capping imposed by IB’s. I had wrote my view before, while I read some newspapers had published an article with the title ” Malaysian banks cheaper than glovemakers as mania continues”. Since that, people are notified that glovemakers can go for long-term play investment. This my another reason for me and I foresees this sector have a big potential and still strong on demand supply.

So in my view glove stocks currently, It has been finished phase 3 consolidation and “They” are trying hard to push it down and flush all the small players. ESPECIALLY the warrant traders. They had lose too much in warrants because they are not expected too much rallies from Glovemakers.

My short points of view now as follows :-

  1. If you targeted for long-term investment. I foresee and agree for those holding Big-Four Gloves ( Topglove, Harta, Kossan & Supermax) can keep it and hold till next quater result.
  2. Strong orders and demand are expected to continue for the next one or two years. This statement I agreed for what big-player said. Only who had received ordered from US and other countries, it can easily increase its selling price for gloves.
  3. Vaccine COVID-19 still ongoing test and taking long time-frame a year
  4. Demand for gloves will continue to exceed supply. So this is my points, why im pointing my finger to IB’s. I wont say there is a “game plan”. But it look like yes. As a result, glove price will continue to increase and all the glove manufacturers are making more money which should be reflected on their share prices.
  5. So those asking about the Future of Glove Stocks. I already answered it. You  can make a good decision of yours.

KIM’S TARGET PRICE (latest)


STOCK 1 : TOP GLOVE CORPORATION BERHAD

Target Price : [ TP5: RM30 – TP6 RM35 ]
Last target : RM40 (Mac-2021 – Last target depend on COVID-19 situation)

  • All target prices has been revised from 6.05 – 6.10 Buycall.( Old Target )

STOCK 2 : HARTALEGA HOLDINGS BERHAD

Target Price : [ TP5: RM25 – TP6 RM30 ]
Last target : RM35 (Mac-2021 – Last target depend on COVID-19 situation)

  • All target prices has been revised from 6.38 – 6.40 Buycall.( Old Target )

STOCK 3 : KOSSAN RUBBER INDUSTRIES BERHAD

Target Price : [ TP5: RM16 – TP6 RM18 ]
Last target : RM25 (Mac-2021 – Last target depend on COVID-19 situation)

  • All target prices has been revised from 5.05 – 5.10 Buycall.( Old Target )

STOCK 4 : SUPERMAX CORPORATION BERHAD

Target Price : [ TP5: RM12 – TP6 RM15 ]
Last target : RM20 (Mac-2021 – Last target depend on COVID-19 situation)

  • All target prices has been revised from 1.50 – 1.60 Buycall.( Old Target )

Lastly, don’t forget to click on our telegram link above and join us. Let us give you the latest update on the stock market and our group development. We hope you enjoy reading our blogs and give us your support.   

If you would like to know more about Kim’s Group Trader (KGT) and Kim’s Investment Club (KIC). You may reach out to us via link above.   

Best Regards,

Kim & Cheah


Disclaimers: The research, information and financial opinions expressed in this article are purely for information 
and educational purpose only. We do not make any recommendation for the intention of trading purposes nor is it 
an advice to trade. Although best efforts are made to ensure that all information is accurate and up to date, 
occasionally errors and misprints may occur which are unintentional. It would help if you did not rely upon the 
material and information. We will not be liable for any false, inaccurate, incomplete information and losses or 
damages suffered from your action. It would be best if you did your own research to make your personal investment 
decisions wisely or consult your investment advisor.
Share118Tweet74

Related Posts

Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

PART II – MY LATEST GEMS INVOLVED TO SUPPLY DEEP FREEZERS FOR UK COVID-19 VACCINES!!!

February 12, 2021
1.5k

DATE : 08 February 2021 UCHI TECHNOLOGIES BERHAD (UCHITEC) PART II Current Price : RM3.01 UCHITECH - Confirm Breakout. Support level on RM2.95. Volumes is still...

Supermax – Low P/E & Glove Makers to surge +100% this 2020 year!

MY LATEST GEMS TO SKYROCKET SOON!!!

February 12, 2021
1.5k

DATE : 05 February 2021 UCHI TECHNOLOGIES BERHAD (UCHITEC) Current Price : RM2.93 Target Price : TP1 = RM3.20 TP2 = RM3.50 Call Warrant : UCHITEC-CI ...

Panic-Emotional Trading on State of Emergency?

Panic-Emotional Trading on State of Emergency?

October 25, 2020
2k

What does emergency mean? A situation of national danger or disaster in which a government suspends normal constitutional procedures in...

Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

The Super Bull on this glove!!!

October 11, 2020
2k

DATE : 12 October 2020 STOCK  : TOP GLOVE CORPORATION BERHAD Current Price : RM8.81Immediate TP : RM9.40 Target Price : Last target...

Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

MY 5 POINTS FOR THIS GLOVE TO SKYROCKET NOW!!!

September 6, 2020
2.1k

07 September 2020 STOCK  : TOP GLOVE CORPORATION BERHAD  Current Price : RM8.38 Target Price : (IMD TP - RM12 - Before...

Load More
  • Trending
  • Comments
  • Latest
Supermax – Low P/E & Glove Makers to surge +100% this 2020 year!

ONLY THE SMARTEST WILL HOLD AND INVEST IN THIS 2 STOCKS!

June 9, 2020
GLOVE STOCKS – WHAT SHOULD I DO NOW? MY ANSWER IS ..

GLOVE STOCKS – WHAT SHOULD I DO NOW? MY ANSWER IS ..

June 15, 2020
Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

GLOVES SECTOR – THIS IS MY REAL PLAN ON PHASE II FY20 – FY21

June 11, 2020
MY NEXT GLOVES COUNTER TO SKYROCKET!!!

MY NEXT GLOVES COUNTER TO SKYROCKET!!!

July 9, 2020
Wall Street market bubble?

Wall Street market bubble?

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

Fund Tracking Bitcoin Launches in Europe as Crypto Gains Backers

Wall Street market bubble?

Wall Street market bubble?

February 13, 2021
What’s your sign this year? The ancient Chinese geomancy of feng shui

What’s your sign this year? The ancient Chinese geomancy of feng shui

February 12, 2021
Supermax – Why Still Low & Laggard? Explode This April! A Big-Boom!

PART II – MY LATEST GEMS INVOLVED TO SUPPLY DEEP FREEZERS FOR UK COVID-19 VACCINES!!!

February 12, 2021
Supermax – Low P/E & Glove Makers to surge +100% this 2020 year!

MY LATEST GEMS TO SKYROCKET SOON!!!

February 12, 2021
The Exclusive Kim's Stockwatch

KIM’S Stockwatch is about opportunities created, more often over periods of minutes, hours and days than over weeks or months. By taking a part and joining into our team, there is possibility of earning higher returns.

Follow us

Introduction

  • Overview
  • About Kim
  • Testimonial

Kim's Services

  • Kim’s Group Trader (KGT)
  • Kim’s Investment Club (KIC)
  • Kim’s Prime Trader (KPT)

Join Kim's

  • Open Membership
  • Win Cash
  • Contact Us

New to Market

  • Super Investor
  • I Have Money
  • Let’s Quickie
  • Important Things

Kim's News

  • Today’s Calls
  • Kim’s Ideas
  • FAQ
  • Privacy Policy
  • Terms & Conditions
  • Copyright
  • Disclaimer
  • Contact Us
  • FAQ

© 2020 Kim’s Stockwatch crafted By Kim’s Group

No Result
View All Result
  • INTRO
    • Overview
    • About Kim
    • Testimonial
  • NEW TO MARKET
    • Super Investor
    • I Have Money
    • Let’s Quickie
    • Important Things
  • KIM’S SERVICES
    • Kim’s Group Trader (KGT)
    • Kim’s Investment Club (KIC)
    • Kim’s Prime Trader (KPT)
  • KIM’S NEWS
    • Kim’s Ideas
    • Today’s Calls
  • KIM’S LIBRARY
  • JOIN KIM’S
    • Open Membership
    • Win Cash
    • Contact Us
  • COVID-19

© 2021 Kim's Group by Kim's Group.