Rising glove prices spell good news for Kossan


Need for gloves: Kossan expects the acute global shortage of gloves to persist, given the rising severity of the pandemic and limited new supply.

PETALING JAYA: The higher average selling price (ASP) of rubber gloves during the Covid-19 pandemic has analysts upbeat about Kossan Rubber Industries Bhd’s earnings.

TA Securities analyst Tan Kong Jin, who is reiterating a “buy” call on the stock with a target price of RM10.30, said for its upcoming third quarter (3Q) 20 results, the brokerage expects the company to post another record net profit of more than RM300mil with significant earnings growth of more than 100% quarter-on-quarter (q-o-q) and year-on-year (y-o-y).

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Kossan , glove , prices ,

Next In Business News

Cuckoo IPO oversubscribed by 1.42 times, final price set at RM1.08 per share
KJTS inks MoU with Envicool for energy-efficient data centre cooling in Asean
New Energy Asia to be sole Lotus EV charger distributor across Asean
Ringgit ends lower as geopolitical tensions boost US dollar
Dialog wins 14-year PETRONAS contract for Mutiara Cluster field in Sabah
IOI Corp appoints Abdul Wahid Omar as senior independent director
Ping Edge to expand product range amid rising market demand
Volvo Cars selects HCLTech as strategic engineering partner
UUE Holdings bags RM83.4mil contracts, order book hits RM416mil
Bursa Malaysia ends lower as geopolitical tensions spark risk-off mood

Others Also Read