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[公司专区] 7153 KOSSAN 高产尼品

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发表于 2012-2-24 22:35 | 显示全部楼层
高产尼品工业 全年净赚9297万
财经新闻 财经  2012-02-24 18:14

(吉隆坡24日讯)天然乳胶价格大幅度波动而下滑,导致高产尼品工业(Kossan,7153,主板工业产品股)2011财年第四季净利下挫17.5%。

截至2011年12月31日财年末季,高产尼品工业录得2428万8000令吉净利,较上财年同期的2945万令吉,跌17.5%。

高产尼品工业于2011财年全年共录得9297万2000令吉净利,上财年全年则是1亿1376万4000令吉,跌幅为18.3%。

营业额方面,集团从上财年同期的2亿5297万3000令吉,上扬11.3%,至2亿8153万令吉;全年营业额录得10亿9211万7000令吉,较上财年同期的10亿4688万7000令吉,增4.3%。

董事局在季度财报中指出:“2011年技术橡胶业务的营业额和税前盈利,分别稳定成长19.5%和103%,归功于新计划合约。”

乳价大幅波动

该集团手套业务税前盈利,则因为天然乳胶价格大幅度波动而下滑。

这也同时导致高产尼品工业末季的每股盈利按年下滑1.69仙,报7.46仙,上财年同期为9.15仙。

全年录得28.58仙,较上财年全年的35.46仙挫6.88仙。

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发表于 2012-2-25 08:33 | 显示全部楼层
高產柅品全年淨利跌18%

(吉隆坡24日訊)受天然橡膠價格走高打擊,高產柅品(KOSSAN,7153,主要板工業)截至去年12月31日第4季,淨利按年跌17.5%至2428萬令吉。

 期間,營業額增長11.2%,達2億8153萬令吉。

 該公司向馬證交所報備說,2011財年全年營業額成長4.3%至10億9200萬令吉,淨利下跌18.3%報9297萬令吉。

 高產柅品指出,新增的9條生產線,估計可在4月準備就緒,使丁(Nitrile)手套產量料增48%,加上利潤高企,該公司看好稅前盈利表現。

 膠手套全球需求量強勁,管理層預計,該業務將續在本財年貢獻可觀收入和盈利。

 配合最新業績宣布,該公司今午12時22分起暫停交易,于下午2時30分恢復交易。

 高產柅品今早微滑1仙,以3.29令吉掀開序幕;恢復交易后卻扭轉跌勢起8仙,報3.38令吉,閉市跌2仙,報3.28令吉,成交量6萬5900股。

http://www.chinapress.com.my/node/296369

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发表于 2012-2-25 08:48 | 显示全部楼层
高產尼品末季淨利跌17%
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(吉隆坡24日訊)高產尼品(KOSSAN,7153,主板工業股)2011財政年末季(截至12月31日)淨利按年下跌17.53%,至2428萬令吉。其當季營業額則按年增長11.29%,至2億8153萬令吉。

同時,該公司全年淨利按年減少18.28%,至9297萬令吉;營業額則按年走高4.32%,至10億9211萬令吉。

由於在早盤休市前公佈業績,高產尼品宣佈從中午12時22分開始暫停交易,並於下午2時30分恢復交易。

此外,由於該公司淨利表現稍微下滑,其股價在午盤恢復交易後,開高走低,全天收在3.28令吉,下跌2仙或0.6%,最高曾觸及3.38令吉。
http://www2.orientaldaily.com.my/read/LBZ/2nbQ0s4v1Yzo2yj90Da222Bs2m0u5ujZ

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发表于 2012-2-27 11:46 | 显示全部楼层

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发表于 2012-4-19 17:55 | 显示全部楼层
ompany Name
:
KOSSAN RUBBER INDUSTRIES BERHAD  
Stock Name
:
KOSSAN  
Date Announced
:
19/04/2012

EX-date
:
26/06/2012
Entitlement date
:
28/06/2012
Entitlement time
:
04:00:00 PM  
Entitlement subject
:
Final Dividend
Entitlement description
:
FINAL DIVIDEND OF 4 SEN TAX EXEMPT PER ORDINARY SHARE OF RM0.50 EACH FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2011
Period of interest payment
:
to
Financial Year End
:
31/12/2011
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 REGISTRARS SDN BHD
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Payment date       
:
18/07/2012

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
28/06/2012

b.

Securities deposited into the Depositor's Securities Account before12:30 pm in respect of securities exempted from mandatory deposit
:


c.

Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
:

Entitlement indicator
:
Currency
Currency
:
Malaysian Ringgit (MYR)
Entitlement in Currency
:
0.04

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发表于 2012-4-19 23:52 | 显示全部楼层
BRAVO大哥!AEONCR 和 KOSSAN 你都有买吗?刚刚在AEONCR的贴看到,你这边有看到你。

这次的股息后,等着下个月的季报。赢利应该会提高50%吧?

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x 178
发表于 2012-5-4 22:19 | 显示全部楼层
需求虽回升 手套领域前景中和

(吉隆坡4日讯)虽然胶手套的需求回升,丁手套的销售增加,抵销了胶乳手套的销售下滑,但分析员不认为领域目前有重估的激励因素,维持「中和」看法。

胶乳价格在冬季月份后已开始下跌趋势,然而,基于泰国政府为扶持树胶价格进行干预,因此胶乳价格在中期內仍將维持在高水平。

根据国际树胶研究组织(IRSG)去年杪的预测,市场对天然胶的需求预计將上扬4.6%,至1150万公吨;而天然胶產量则料將扬升5.1%,至1140万公吨。

分析员相信,手套领域將出现供过于求的现象。但基于丁手套的需求强稳,分析员估计在中期內料將不会掀起价格战。

当需求逐步转移至丁手套,將导致天然胶的销售额下挫,进而形成过量供应,最终会引发胶手套的降价竞爭。

虽然市场对橡胶手套的整体需求仍以天然胶手套为主,但合成胶(SR)手套已不断侵蚀前者的市占率。

令吉升值拉低营业额下滑

另外,由于美元是胶手套的交易货幣,因此令吉升值將导致手套业者的营业额出现下滑。

展望未来,分析员认为手套业者將面临因能源价格高企,以及政府实施最低薪金制,而面对生產成本提高的风险。

益资利投行分析员仍维持手套领域「中和」评级,首选股为高產尼品(KOSSAN,7153,主板工业股),原因为,一、该公司的估值仍低。根据2012財政年的每股盈利(EPS)预测,高產尼品目前的本益比只有9倍,而顶级手套(TOPGLOV,7113,主板工业股)则是22倍;二、该公司推出高赚幅的手术及无尘室手套;三、高產尼品的產品组合只有少量的天然胶手套,因此不会受胶乳价格波幅影响。

分析员给予该股的目標价格为4.02令吉,评级「买进」。

分析员虽看好贺特佳(HARTA,5168,主板工业股),但认为估值已反映价值,因而建议「守住」该股,目標价格7.82令吉。同时,分析员维持顶级手套「卖出」评级,目標价格为4令吉。

http://www.orientaldaily.com.my/ ... 670:&Itemid=198

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发表于 2012-5-24 19:00 | 显示全部楼层
Financial Results
Reference No KR-120524-41382

Company Name
:
KOSSAN RUBBER INDUSTRIES BERHAD
Stock Name
:
KOSSAN   
Date Announced
:
24/05/2012
Financial Year End
:
31/12/2012
Quarter
:
1
Quarterly report for the financial period ended
:
31/03/2012
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:
KRI1Q2012(BS and PL).pdf
NOTES1QTR2012.doc


Remark:




  • DEFAULT CURRENCY
  • OTHER CURRENCY



Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2012

    INDIVIDUAL PERIOD
    CUMULATIVE PERIOD
      CURRENT YEAR QUARTER
      PRECEDING YEAR
      CORRESPONDING
      QUARTER
      CURRENT YEAR TO DATE
      PRECEDING YEAR
      CORRESPONDING
      PERIOD
        31/03/2012
        31/03/2011
        31/03/2012
        31/03/2011
          $$'000
          $$'000
          $$'000
          $$'000
          1Revenue
          289,434
          256,446
          289,434
          256,446
          2Profit/(loss) before tax
          28,633
          27,904
          28,633
          27,904
          3Profit/(loss) for the period
          22,458
          23,379
          22,458
          23,379
          4Profit/(loss) attributable to ordinary equity holders of the parent
          21,954
          22,955
          21,954
          22,955
          5Basic earnings/(loss) per share (Subunit)
          6.87
          7.18
          6.87
          7.18
          6Proposed/Declared dividend per share (Subunit)
          0.00
          0.00
          0.00
          0.00








          AS AT END OF CURRENT QUARTER
          AS AT PRECEDING FINANCIAL YEAR END
          7
          Net assets per share attributable to ordinary equity holders of the parent ($$)
          161.0000
          154.0000

          Remarks :


          Definition of Subunit:
          In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
          Example for the subunit as follows:

          Country Base Unit Subunit
          Malaysia Ringgit Sen
          United States Dollar Cent
          United Kingdom Pound Pence

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          发表于 2012-5-25 12:47 | 显示全部楼层

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          发表于 2012-5-25 17:31 | 显示全部楼层
          Kossan confident of growth despite 4% fall in 1Q earnings

          KUALA LUMPUR: Kossan Rubber Industries Bhd’s net profit for 1QFY12 ended March declined by a marginal 4% to RM21.95 million from RM22.96 million a year ago. Its revenue increased 13% to RM289.43 million due to higher volume of glove sales.

          In a filing with Bursa Malaysia yesterday, Kossan said revenue for its technical rubber division rose by more than 10% on new project sales.

          However, it said the division’s profit did not increase proportionately to revenue due to “higher prices of raw materials used to deliver project sales at [a] fixed price”.

          On the gloves division, Kossan said revenue was higher on better sales despite the prevailing competitive environment. However, it added that
          profit for the division was affected by volatile latex prices.

          On the clean-room division, the company said sales continued to grow on its efforts to penetrate new markets with new products. The division,
          however, incurred a loss due to the development cost of new products.

          On its prospects, Kossan said its technical rubber products division is expected to grow steadily, with attention on infrastructure products and additional demand from overseas markets. “Management is confident profit from this division can be maintained,” it said.

          The company added that demand for all types of gloves will remain strong.

          It said the planned expansion of its nine new single lines, which are capable of producing 1.25 billion gloves, will be commissioned by July 2012.

          To reap better margin from nitrile glove sales, Kossan said it plans to increase this output from 38% to 44% in 2012. It added that production of new surgical gloves is expected to come onstream in October this year.

          “With the stronger demand and increased output, management is confident profit [will] grow in tandem with the expected increased revenue,” it said.

          Kossan said its clean-room division will continue to expand its mask and wipe products for the electronics sector.

          “In 2012, this division will proceed strongly with the clean-room gloves sector. Management is confident this approach will contribute positively towards the group performance in 2012,” it said.

          This article appeared in The Edge Financial Daily, May 25, 2012.

          http://www.theedgemalaysia.com/i ... in-1q-earnings.html

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          发表于 2012-6-10 09:43 | 显示全部楼层
          最近手套业的都起来了一点, 就好奇为什么KOSSAN还在睡觉?

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          x 32
          发表于 2012-6-16 15:51 | 显示全部楼层
          epf前几天买了一万多张票,5%多一点,然后就涨上来了

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          x 470
          发表于 2012-6-19 10:59 | 显示全部楼层

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          发表于 2012-6-20 17:34 | 显示全部楼层
          Kossan Rubber: Latex laggard

          Kossan’s share price has fallen 12% (from its peak in January 2012) and has underperformed the two big latex peers by 20% in the past one month. We think this is unjustified, for Kossan is also a beneficiary of declining latex costs and a stronger US dollar. Trading at a prospective 2013 price-earnings ratio (PER) of 8.6 times, valuations are undemanding. We upgrade Kossan to “buy” (from “hold”) with a higher target price of RM3.75 (+6%), pegging it to slightly higher 10 times 2013 PER (from 9.5 times), in view of the improvement in fundamentals.

          Kossan’s latex:nitrile sales mix is 62:38 and it should benefit from the downtrend in key input costs (latex: -17% y-o-y, NBR: - 21%). Lower input costs will not only improve margins but will also translate into higher sales volume (1Q12: +4% q-o-q) as distributors will restock more aggressively on lower average selling price (ASP).

          Plant utilisation has also improved to 90% (2011: 80%). Earnings should also improve on a stronger greenback as the bulk of its sales receipts are based in US dollars. The 55%-owned clean room glove operation in China reported a minor loss before tax in 1Q of RM300 million due to start-up costs related to the modification of its factory, which will see Cleanera’s cleaning capacity double up to 14.6 billion pieces per per year by end-2012.

          Kossan will sell the extra capacity to its existing US customers. This division is expected to contribute positively from 3Q onwards as a large portion of the start-up costs were accounted for in 1Q. Kossan’s new 1.25 billion piece per year nitrile glove capacity (+10% to total) was commercialised in May and will contribute positively in 2H12 as there is already identified take-up for the new capacity.

          It is building new capacity of another 450 million pieces per year of surgical gloves, which is expected to contribute to earnings from 2013. We maintain our 2013/14 earnings per share forecasts but lower our 2012 EPS slightly by 4% as we impute start-up costs at Cleanera. — Maybank IB Research, June 19

          This article appeared in The Edge Financial Daily on June 20, 2012.

          http://www.theedgemalaysia.com/i ... -latex-laggard.html

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          发表于 2012-6-20 21:30 | 显示全部楼层
          受惠於低膠價美元走強
          高產柅品投資評級調高

          財經股市19/06/2012 20:43

          券商:馬銀行投銀
          目標價:3.75令吉


          高產柅品(KOSSAN,7153,主要板工業)股價年頭至今下滑12%,更落后同行,我們認為,該股同樣受惠于低膠價及美元走強,值得更高投資評價,目標價調升至3.75令吉。

           隨著膠價走低,該公司成本亦相對低,這不但可提高賺幅,同時有助提升銷量,因為分銷商一般會趁此時(低膠價)進更多貨。

           該公司亦可從走強的美元,獲得額外收入。

           此外,初期投運的中國公司Cleanera雖在2012財年首季蒙虧(填補創業成本),惟相信第3季將開始貢獻高產柅品。

           年底,Cleanera平均每年產能將可倍增至146億隻手套;過多產量將銷售給美國客戶。

           我們把高產柅品的投資評級從持有上調至買進,目標價從原本的3.50令吉上修至3.75令吉,與2013年本益比10倍相符。

           目前,該公司交易在2013年本益比8.6倍的水平,此估值低于速柏瑪(SUPERMX,7106,主要板工業)10倍及頂級手套15倍。

           高產柅品全日股價表現平平,終場平盤掛3.23令吉,共有27萬4500股易手。

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          发表于 2012-6-22 09:09 | 显示全部楼层
          高產尼品放眼 今年营收双数成长
          財经 2012年6月21日
          林玉敏 报导

          (吉隆坡21日讯)高產尼品(KOSSAN,7153,主板工业股)冀望2012財政年的营业额与盈利可取得双位数成长。

          高產尼品董事经理兼首席执行员拿督林宽城相信,透过9个即將投入运作的新生產线,以及在美国建设分销仓储,该公司2012財政年的营业额与盈利料可取得双位数增长。

          他解释,「这9个新的生產线將负责生產丁手套,不过这其实是可替换型的生產线,可依据市场需求决定用作生產不同的產品。该生產线正处於运作测试阶段,料下个月可投入运作。有关生產线將为公司带来约9至10%的营业额贡献。」

          此外,林宽城也透露,该公司將在2012財政年投入5000万令吉的资本开销。

          其中,该公司將支出1000万令吉,在美国洛杉磯建设首间仓储分销中心,而其余的4000万令吉,將作为收购土地与设备费用。

          这些新的进展下,希望公司2012財政年的营业额与盈利可取得双位数成长。

          他是在高產尼品常年股东大会后,向《东方財经》作出以上披露。

          询及最低薪金制的影响,林宽城表示,该公司將会更著重自动化的程序。

          「我们必须为明天作好准备应对挑战,除了关注自动化,也注重研发计划(R&D),提高生產程序,发展新的產品以及降低化学品的成本。」

          针对该公司早前所收购的香港Cleanera无尘室用品公司,將在未来二至三年內为该公司带来8000万令吉的营业额贡献。

          林氏表示,「Cleanera专门生產净房用途的面罩,手套及湿巾等,具备庞大潜能,並协助公司多元化產品和开发新市场。Cleanera每年可生產2亿至3亿只手套,料在未来二至三年內为高產尼品带来8000万令吉的营业额贡献。」

          林氏指出,完成收购香港Cleanera无尘室用品公司后,暂无探討其他收购计划。

          一名出席该公司股东大会的小股东向《东方財经》透露,高產尼品在会议上表示正探討进军上游业务。

          「由於商品价格波动,该公司正探討购地种植树胶,进军上游业务。管理层也认为,种植树胶的盈利,比种植油棕来得高。不过,目前仍处在探討阶段,未有具体的行动。」

          儘管该公司没有股息政策,不过该公司將依据內部標准,將净利的20%至30%比重,作为股息派发给股东。

          「我们也冀望派发更多的股息回馈股东,不过在派股票息的同时,我们也必须考量其他的商机与扩充的机会所需的资金。」

          http://www.orientaldaily.com.my/ ... 365:&Itemid=198

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          发表于 2012-6-22 15:38 | 显示全部楼层
          如果不受最低工资影响, 手套股的盈利可能会反弹

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          x 19
          发表于 2012-6-22 16:21 | 显示全部楼层
          如果不受最低工资影响, 手套股的盈利可能会反弹
          kennykam 发表于 2012-6-22 15:38



              影响很小 石油 美元 乳胶价格比较重要

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          发表于 2012-7-3 21:40 | 显示全部楼层
          Y this stock price keep droping? The rubber price drop and usd should be advantage to kossan. Would like to ask 各位大大, any comment on coming quarter report?

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          x 15
          发表于 2012-8-8 13:20 | 显示全部楼层
          Kossan eyes upstream move

          KUALA LUMPUR: KOSSAN RUBBER INDUSTRIES BHD [ ], the country’s fourth largest rubber glove maker, will prioritise upstream expansion into rubber PLANTATION [ ]s to manage the risk of fluctuating latex prices.

          Managing director Datuk Lim Kuang Sia told The Edge Financial Daily upstream expansion has been given a high priority within the group. It is
          looking for approximately 10,000ha of greenfield land to plant rubber, either in Indonesia or Myanmar.

          “We have been steadily expanding our capacity, and now that we are big we need to look into risk management and raw material supply management.

          Diversifying upstream into rubber plantations will give us a natural hedge against the volatility of rubber prices and ensure we have sufficient supply in the event of a shortage,” said Lim.

          This follows in the footsteps of the world’s largest glovemaker, Top Glove Corp Bhd, which acquired 30,000ha of greenfield rubber plantation land in Indonesia last month.Low Soo Fang, an analyst with AmBank, said the move upstream would be a positive one for Kossan.

          “Kossan will not be forced to use financial derivatives to hedge against rubber prices instead of a physical hedge. Such a move may discourage some funds from investing in the stock due to the risks associated with such financial derivatives.

          Moving upstream is different as it involves real physical assets,” said Low.

          “Of course, it will still depend on whether they can find a suitable location to plant at good price,” he added, noting that Kossan should have no trouble financing the land acquisition due to its low gearing. As at March 31 this year Kossan’s net borrowings were RM79.23 million and net gearing was approximately 23%.

          “We have to make sure that on the one hand we pay out enough dividends to shareholders. On the other hand, we have to make sure we invest the excess cash wisely to ensure that our profit can grow sustainably,” said Kossan’s Lim.

          Notably, a greenfield rubber plantation would take about seven years for the trees to mature, in which time Kossan would not see much return on its investment while bearing a burden on its cash flow.

          However, Lim said the group has a healthy cash flow and even after dividends there are sufficient funds left to sustain rubber planting until maturity. Lim said the group is exploring the potential of expanding its technical rubber products (TRP) division in Indonesia, which could cost roughly RM12 million to set up including the purchase of land.

          The TRP division contributes 12% to the group’s revenue and is currently the largest in the country. TRP deals in engineering and manufacturing rubber products for industrial applications, for example, infrastructure rubber products like seismic bearings for buildings and sealants.

          “One area of interest to us is the booming automotive sector in Indonesia, which will have a high demand for TRP for engine parts. They are going to be the largest car manufacturers in the world.

          There are existing TRP players in Indonesia, but they are still very small. And we have years of experience and expertise,” said Lim.Kossan would not need a local partner for a pure manufacturing subsidiary in Indonesia, he said, but would need one for a plantation-related business.

          Another reason to expand TRP operations to Indonesia is the availability of cheap labour, said Lim.

          “Right now, one of the biggest challenges in the industry is the increasing cost of labour in the country, and it is going to continue going up. We want to stay ahead of the game.

          Unlike rubber gloves, TRP cannot automate ... which results in higher labour costs,” said Lim, noting that labour accounts for 15% to 16% of TRP production costs and 8% to 9% for rubber gloves.

          Lim said Kossan is planning to invest RM10 million by 2014 to automate its rubber glove arm and reduce its dependency on foreign workers following the minimum wage policy which has increased labour costs. “Right now we have about 5,000 employees, of which 70% are foreign workers.

          In one year, we aim to reduce this to about 50% and by 2014, this could be as low as 30%,” said Lim noting that the next challenge for the industry would be finding sufficient technicians and engineers to operate the highly automated plants.

          Kossan is close to completing the current round of capacity expansion. The group has just finished a nine-line production plant worth RM38 million that will add up to 1.25 billion or 9% to its annual rubber glove capacity to 14.5 billion by the end of the year.

          At the same time, the group has upgraded its existing factory lines which will boost existing production capacity by some 5% or 500 million gloves.

          By October, the group will also complete and begin operating a RM45 million plant which will add 700 million to the group’s surgical glove capacity, said Lim.

          The surgical glove segment makes up about 3% of the group’s rubber glove capacity. The group will continue to focus on this segment in line with its focus on higher value-added products, said Lim.

          “While basic rubber gloves still make up the bulk of our revenue, the pricing is vulnerable to overcapacity or sudden increases in raw materials prices,” said Lim.

          On that note, the group recently acquired a 51% stake in a Chinese-based clean room TECHNOLOGY [ ] company for US$3 million (RM9.33 million). Lim said Kossan will manufacture clean room gloves, masks and wipes for computer chips.

          Looking ahead, Lim said Kossan will spend approximately RM50 million to continue building up its capacity and pointed out that the group has an additional 4.45ha of industrial land in Meru, Selangor, for it to expand.

          Low notes that Kossan has traditionally been very conservative with expansion, ensuring that it has a high utilisation rate of its existing capacity before expanding.

          Kossan is also the cheapest of the four big glovemakers with a forward price earnings ratio of 9.15 times compared with Top Glove’s 17.94 times, HARTALEGA HOLDINGS BHD [ ]’s 14.42 times and Supermax Corp Bhd’s 11.13 times.

          “Historically, Kossan has traded at a discount to Top Glove mainly due to lower trading liquidity. Fundamentally however, there shouldn’t be such a big discount,” said Low.

          But Low said Top Glove and Kossan differ in that Top Glove is a dividend-yielding stock while Kossan is seen as a growth play. Top Glove pays out about 40% of its earnings compared to Kossan’s 24%. But their dividend yields are close, with Top Glove at 2.41% and Kossan at 2.56%.

          This article appeared in The Edge Financial Daily on August 8, 2012.

          http://www.theedgemalaysia.com/b ... -upstream-move.html

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