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KUALA LUMPUR: Higher volume sales and an average selling price has put Kossan Rubber Industries Bhd on track to a solid earnings performance in FY20 after three quarters of weak growth.
KUALA LUMPUR: Stocks to watch on Friday include Kossan Rubber Industries Bhd, Alam Maritim Resources Bhd, AirAsia Group Bhd, JCY International Bhd, Aeon Retail (M), Kinsteel Bhd and WCT Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Kossan Rubber Industries Bhd has agreed to sell its land in Kuala Langat, Selangor to a new buyer at a higher price, less than three weeks after it terminated a deal with a paper and pulp producer.
KUALA LUMPUR: The glove maker said proceeds from the proposed disposal will be utilised to hasten the development of its land in Bidor, Perak, where the company is planning to consolidate and centralise all its future business expansion programme.
KUALA LUMPUR: AmInvestment Research maintains its Buy call on Kossan Rubber Industries with an unchanged fair value of RM4.65 a share.
KUALA LUMPUR: Kenanga Research is positive on Kossan Rubber Industries’s earnings prospect, underpinned by take-ups for its Plant 16 and Plant 17 and also expect margins improvement due to better operational efficiencies from the new plants.