RHB upgrades Kossan to ‘buy’

ANALYSTS are positive on the progress of automation and digitalisation of Kossan

PETALING JAYA: The 7.8% year-to-date (YTD) decline in Kossan Rubber Industries Bhd’s share price, despite a good net profit estimate for 2019, could be a signal that investors should stock up on its shares.

RHB Research believes that investors should accumulate Kossan after it underperformed FBM KLCI’s 0.2% increase although its estimated core net profit for 2019 is 27%, versus the benchmark’s 3%.