【KOSSAN 7153 交流专区】高产尼品工业

Mr.Business

2007年的最后一天。。。

KOSSAN
(7153) 17:43:13
Last Done        3.900
Change        0.040
Day High        3.940
Day Low        3.900
Best Buy        3.900
Best Sell        3.920
Volume(Lot)        688

东邪

7153            
HIRE PURCHASE FACILITIES ("FACILITIES")  

HIRE PURCHASE FACILITIES ("FACILITIES")
The Board of Directors of Kossan Rubber Industries Bhd (48166-W) ("Kossan')
wishes to announce that Perusahaan Getah Asas Sdn Bhd (89708-V)("PGA"), a
wholly owned subsidiary has accepted a hire purchase line of RM12,160,000 from
OCBC Bank (Malaysia) Berhad ("OCBC") to finance the purchase of equipments to
be used in its business operation.

Kossan will provide a corporate guarantee of RM13,210,624 in favour of OCBC in
respect of the facilities granted to PGA.

This announcement is dated 22nd January 2008.




22/01/2008   05:25 PM

东邪

7153

BANKING FACILITIES GRANTED BY EON BANK BERHAD

BANKING FACILITIES GRANTED BY EON BANK BERHAD ("EBB") The Board of Directors of Kossan Rubber Industries Bhd.(48166-W)("Kossan") wishes to announce that Perusahaan Getah Asas Sdn Bhd (89708-V)("PGA"), a wholly owned subsidiary, has accepted the following banking facilities from EBB: (i)   a Term Loan for RM12,000,000 to finance purchase of land;and (ii)  an additional trde line of RM3,000,000 Kossan will provide a corporate guarantee of RM15,000,000 in favour of EBB in respect of the said banking facilities. This announcement is dated 13 February 2008.

invest_klse

哈哈哈。。。kossan 的 report 竟然也出现了defferred tax。

8years

为什么会有呢？可以讲解吗？我没有什么研究。

invest_klse

Tax incentive 咯。。。

详细的情况，季度报告里没有讲。
等 Annual Report 出来吧。

Mr.Business

＂他說，業者反而關注天然氣漲價與否，若價格從現有的每百萬熱值單位（MMBTU）12.87令吉，調高至30令吉，100%使用天然氣的高產柅品，損失最慘重，2008財年盈利將減少高達76.5%。＂

天然氣涨价对Kossan的影响会这么大？


更新: April 22, 2008 02:28

專家診斷
膠手套業整合有效
成全球最大生產商

（吉隆坡21日訊）橡膠手套生產領域經過多輪整合后，生產商減至50家，分析員指出，膠價揚升不再是廠房頭號敵人，反而擔憂政府調高天然氣價格，衝擊賺幅和盈利表現。
僑豐投資研究分析員唐柏麟說，隨著生產技術日漸先進，及乳膠價格節節漲升，促使併購計劃接踵而來，大企業相繼收購小型業者。

“手套生產商從1999年逾200家，整合剩下50家。”

擔心天然氣漲價

他指出，由于成本趨高，美國大型跨國手套生產商多年來未擴展業務，都把訂單外包給有效率廠商，例如大馬商家。

多次整合后，大馬成為全球最大手套生產國，佔全球供應量55%。

頂級手套（TOPGLOV，7113，主板工業）、高產柅品（KOSSAN，7153，主板工業）和速伯瑪（SUPERMX，7106，主板工業），為世界3大生產商，佔國內總出口35%。

根據大馬膠手套製造商會（MARGMA）數據，大馬2005年共出口約735億隻手套。

唐柏麟說，儘管乳膠價格過去6個月上漲超過25%，每公斤達6.06令吉，惟膠價走高不再是大型業者面對的問題，因為可順利轉嫁客戶。

他說，業者反而關注天然氣漲價與否，若價格從現有的每百萬熱值單位（MMBTU）12.87令吉，調高至30令吉，100%使用天然氣的高產柅品，損失最慘重，2008財年盈利將減少高達76.5%。

無論如何，僑豐投資研究給予手套生產領域“增持”投資級別，首推頂級手套、高產柅品、速伯馬、穩大（ADVENTA，7191，主板工業）及新貴賀達麗嘉（HARTA，5168，主板工業）。

http://www.chinapress.com.my/con ... ss&art=0422bs20.txt

Mr.Business

更新: April 21, 2008 17:57

派息早盤停牌
高產柅品復牌平平
（吉隆坡21日訊）配合上週五宣佈派息，高產柅品（KOSSAN，7153，主板工業）今早暫停交易，午盤復牌后走勢平平。

高產柅品上週五宣佈，截至去年12月31日財年，派發每股8仙股息，其中4仙免稅，其余4仙則應稅26%。

配合是項宣佈，高產柅品今早停牌，午盤復牌后，2時40分以微揚2仙，報3.80令吉掀開序幕。

惟爾后該股滑至平盤，走勢平平，無大作為。

另外，高產柅品交投量也不大，到了3時，僅有約5萬股易手。

閉市時，該股掛3.80令吉，揚2仙，交投量達11萬3000股。

http://www.chinapress.com.my/con ... mp;art=0422bs08.txt

stereo

宣佈派息要暫停交易的咩？？

Mr.Business

更新: May 22, 2008 17:59
今日一戰

1. 高產柅品（KOSSAN）宣佈08財年首季業績

時間：下午5時

看頭：天然氣成本趨高，衝擊手套生產商盈利，券商預計08財年全年收益達8.54億令吉，淨利為6350萬令吉，派息8.9仙。

http://www.chinapress.com.my/con ... mp;art=0523bs60.txt

stereo

kossan最新业绩出炉

INDIVIDUAL PERIOD		CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2008	31/03/2007	31/03/2008	31/03/2007
	RM'000	RM'000	RM'000	RM'000
1	Revenue	199,942	162,485	199,942	162,485
2	Profit/(loss) before tax	17,603	14,099	17,603	14,099
3	Profit/(loss) for the period	14,023	11,639	14,023	11,639
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,203	11,639	14,203	11,639
5	Basic earnings/(loss) per share (sen)	8.77	7.28	8.77	7.28
6	Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00

净利成长22％，营业额成长23％，主要是2007年12月完成了14条新的生产线。

DRAGONISM

stereo

轉嫁原料成本‧高產尼品產品或漲價20%
2008-06-19 19:11

（吉隆坡）高產尼品（KOSSAN，7153；主板工業產品組）考慮在原料價格高漲下逐步轉嫁部份成本予客戶，而最惡劣情況的產品價格漲幅可介於10%至20%，但一切需待政府公佈最新天然氣價格方做出應對。

首席執行員兼董事經理林寬城在股東大會後表示，電費、化學原料、交通費、橡膠及原料價格上漲都是手套業者所面對的問題，並相信預期於下個月公佈的天然氣價格度將導致市場在8月份出現更多售價調漲現象。

他說，公司的價格管理是按月進行，而如果天然氣價格上漲幅度巨大，旗下的天然膠產品的漲幅可介於15%至20%，合成膠產品則介於10%至15%。

他指出，銷售量可能在調漲期間出現放緩現象，但在客戶缺乏存庫下，消費量還是會在後來回升。儘管領域環境非常挑戰，但整個領域的走勢還是有彈性的。

以具有彈性的領域表現及公司過去業績為標準，高產尼品希望截至2008年12月31日止財政年依然能取得雙位數淨利增長。

視中國為潛能地區

目前旗下產品百分百供出口用途，美國則為當中最大市場。美國、歐洲及日本目前貢獻約70%營業額。目前丁晴手套佔手套產量介於20%至25%，並預期於現財政年提高至介於30%至35%，其餘的來自天然膠手套。

目前已進軍約70個海外市場的高產尼品，視中國為未來手套領域的潛能發展地區，同時也在東盟尋求設廠地點，當中包括印尼、柬埔寨及越南。

公司目前的按年產能約100億隻手套，生產線約100條，並計劃今年底增加11條雙向乳膠手套新產線，提供額外20億隻生產量。該公司今年將投資7000萬令吉進行廠房擴展。

詢及併購計劃時，林寬城透露，該公司對此抱持開放態度，洽談對象可來自海內外市場，但目前沒有實際計劃。目前公司也沒有購買橡膠種植地段的打算。

提及伊朗的業務擴展時，他指出，相關聯營計劃為涉及進軍當地建築抗震膠製軸承市場，並預期今年底可成型，但不會貢獻顯著營業額。然而，相關計劃將有助該公司在中東開拓相關商機。
星洲日報／財經‧2008.06.19
http://biz.sinchew-i.com/node/14028

scsiang82

Friday June 20, 2008
Kossan to beef up capacity by 20%


It invests RM70mil in new lines at glove factory

SHAH ALAM: Kossan Rubber Industries Bhd expects to boost its glove manufacturing capacity by 20% to 12 billion pieces annually from 10 billion currently by end-2009.

Chief executive officer and managing director Lim Kuang Sia said the company had invested RM70mil to increase capacity at its factory in Klang.

“We expect to take delivery of 11 double former production lines by November,” he said after the company AGM yesterday.

The new lines had the capacity to produce 2 billion gloves per annum, Lim said.

He added that that the increased capacity would easily be mopped up by strong demand.

“Our current production lines are running at near maximum capacity,” he said.

Kossan exports nearly all its gloves, especially to developed countries.

About 70% of the gloves go to the US, Europe and Japan.

On the impact of rising costs, Lim said the glove manufacturing industry should remain resilient.

“We don’t expect rising costs to dampen global demand for gloves,” he said, adding that in developed nations, gloves were indispensable for many industries, including medical.

However, he said, rising material and fuel costs were a concern for many manufacturers, including Kossan.

“While the glove manufacturing industry is fairly recession-proof, it is a tough industry because margins are tight and only glove manufacturers with sizeable economies of scale can survive,” he noted.

Lim said with rising costs, Kossan would have to increase the price of its gloves to customers.

On the revised retail price, he said: “The total increment could range from 15% to 20%, depending on the glove quality and raw material used.”

On its business strategy, Lim said the company was looking to increase its production of nitrile or synthetic gloves, which generally commanded better profit margin.

“The manufacturing of synthetic gloves represents about 25% of our activities.

“We intend to push it up to 35% over time but it requires funds, expertise and land,” he said.

As at Dec 31, 2007, Kossan’s total cash and cash equivalents stood at RM27.46mil.

For the first quarter ended March 31, Kossan posted pre-tax profit of RM17.6mil on revenue of RM199.9mil.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/20/business/21605586&sec=business

scsiang82

Kossan may raise glove prices by 20pc
By Ooi Tee Ching Published: 2008/06/20


KOSSAN Rubber Industries Bhd, the world's third largest rubber glovemaker, said it is considering raising glove prices by as much as 20 per cent in August, pending Gas Malaysia Sdn Bhd's announcement of the new gas price.

From July 1 2008, Gas Malaysia will pay national oil firm Petroliam Nasional Bhd (Petronas) RM24.54 per mmBtu, but Gas Malaysia has not announced at what price it will sell the natural gas to manufacturers.

Rubber glovemakers are currently paying RM12.87 per mmBtu to Gas Malaysia.

"We have been adjusting our glove price every month. While we are unclear about the quantum of price increase in natural gas, the increment in July is based on costlier electricity, packaging, transportation and raw materials like natural rubber (NR)," Kossan Rubber chief executive and managing director Lim Kuang Sia told reporters after the group's shareholders meeting in Shah Alam yesterday.



"The bulk of our production cost is natural gas. Pending further announcement on gas price, we think we will only feel the full impact in August," he added.

In the worst-case scenario, prices of its natural rubber gloves could go up by 20 per cent and nitrile gloves by 15 per cent.

Meanwhile, Kossan Rubber is investing RM70 million to put up an additional 11 double-former production lines on a 4ha plot in Klang.

"We are putting up another factory, which should be completed by November. By January 2009, our total annual capacity will go up to 12 billion pieces," Lim said.

"We want to produce two billion nitrile gloves a year from these new 11 double former lines," he added. Gloves can be made from natural rubber or vinyl.

Currently, nitrile gloves make up 23 per cent of Kossan Rubber's total rubber glove production.

"When the new production lines commence in January, our nitrile glove output will take up 35 per cent of our total rubber glove exports," Lim said.

http://www.btimes.com.my/Current_News/BTIMES/Friday/Nation/kosan.xml/Article/

scsiang82

天然气价格若上涨 高产尼品将起价20%
2008/06/19 18:01:18 ●南洋商报


（吉隆坡19日讯）一旦政府落实天然气价格调涨幅度，高产尼品工业（Kossan，7153，主板工业产品股）预计将在今年8月将产品售价调高15至20％之间。

高产尼品工业董事经理兼总执行长林宽城在股东年度大会之后指出，目前政府仍未落实天然气的调涨幅度，不过一旦落实该公司将考虑把成本适当地转嫁予消费者。

他说，该公司的成本主要来自三大部分，包括天然气、电费及橡胶，电费预料将于7月1日上调26％，许多成本也因燃油价格暴涨而纷纷调高价格，所以该公司将可能在8月份重新调整产品售价。

他继续说，虽然前景充满严峻的考验，但该公司仍有信心维持双位数的年度营业额及净盈利增长率。

“我们目前拥有100条生产线，在今年11月将投资7000万令吉增加额外的11条生产线，预计在3年后，每年就能额外生产21亿只手套。”

他说，该公司的年度手套生产为100亿只，换句话说，21亿只手套能将该公司生产产能提高约20％。

专注手套制造业务

至于海外扩展计划，林宽城表示，虽然中国是一个令许多投资者垂涎的市场，但可能是人民收入的关系，该国并没有非常重视手套的运用，这与欧美国家一样，在约20年前，该国也是不惯用手套，但目前欧美市场已经是该公司的主要出口市场，约占70％。

他说，该公司目前只想专注在手套制造业务，将把扩展重心放在东协国家，但一些外在因素如政局不稳定的柬埔寨及过多投资者涌入的越南市场也是令该公司却步的原因。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=854363

stereo

PE来到 8 了，真的很吸引的说。关键在7，8，9月的业绩出炉。还是等着看11月的业绩算了。

vincentphuah

kossan是不是吃了泻药...跌得这么凶...

cyclop

原帖由 stereo 于 20-6-2008 09:41 PM 发表
PE来到 8 了，真的很吸引的说。关键在7，8，9月的业绩出炉。还是等着看11月的业绩算了。

kossan 下一次的扩充依计划会在年尾完成，所以接下来三个季度的业绩我想应该不会有增长，反而盈利可能会下降，因胶价和天然气的涨价，而kossan是天然气影响最大的一个。但如今又有一点变数，因将调升售价，所以结果还是个未知数，可能结果盈利会增一点或降一点。

原帖由 vincentphuah 于 4-7-2008 03:15 PM 发表 [
kossan是不是吃了泻药...跌得这么凶...

看pe, kossan 如今是五强中第二烂的手套股，输给topglov、harta和adventa,微胜supermx。

topglov的情况比较好，有强者在背后撑腰，The Overlook Partners Fund LP 从2006年的5.37%增持到如今的7.09%，以及Matthews International Capital Management, LLC也吸纳到6.36%，当然这中间他们也有从中出货的时候。

kossan就比较差了，没强者撑，反而出现了一个－－ASIAN SMALL COMPANIES PORTFOLIO，自从此者在2007年出现后，股价就一路往下跌，可能与此者有关吧。

[ 本帖最后由 cyclop 于 4-7-2008 04:39 PM 编辑 ]

stereo

8月公布的业绩应该还会有成长，因为4，5，6 月的天然气价格还没调涨。07年尾刚完成了新的生产线，现在的产能比07年增加了20％。所以8月公布的业绩应该不会差到那里去。只是今年天然胶涨得太快，无法及时转嫁成本，可能赚幅会下挫。刚公布业绩的TOPGLOV就是例子。