Business Description:
Kossan Rubber Industries Bhd. is a Malaysia-based company engaged in investment holding and manufacturing and sales of rubber products. The Company offers molded rubber products, extruded rubber products, engineered rubber products, colored ethylene propylene diene Monomer (EPDM), rollers, ethylene vinyl acetate (EVA), polyurethane (PU) products and gloves. It has 49 production lines with an annual production capacity of 3.9 billion pieces of gloves. Its ultimate holding company is Kossan Holdings (M) Sdn. Bhd. As of December 31, 2009, the Company's direct subsidiaries were Kossan Latex Industries (M) Sdn. Bhd., Perusahaan Getah Asas Sdn. Bhd., Hibon Corporation Sdn. Bhd., Doshin Rubber Products (M) Sdn. Bhd., Ideal Quality Sdn. Bhd., Kossan Engineering (M) Sdn. Bhd. and Top Calibre Sdn. Bhd.
Current Price (7/1/2011): 3.35
2009 Sales 842,135,011
Employees: 665
Market Cap: 1,071,108,900
Shares Outstanding: 319,734,000
Closely Held Shares: 183,367,192
| Announcement Date | Financial Yr. End | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
| 18-Nov-10 | 31-Dec-10 | 3 | 30-Sep-10 | 275,635 | 28,531 | 8.93 | - | ||||||
| 26-Aug-10 | 31-Dec-10 | 2 | 30-Jun-10 | 256,495 | 30,123 | 9.43# | - | ||||||
| 20-May-10 | 31-Dec-10 | 1 | 31-Mar-10 | 262,769 | 30,379 | 9.51# | - | ||||||
| 24-Nov-09 | 31-Dec-09 | 3 | 30-Sep-09 | 210,088 | 15,286 | 4.78# | - | ||||||
# adjusted for 2010 1/1 Bonus.
Estimated EPS for 2011 = 4*8.93 = 35.72 sen
At price of 3.35, it is trading at prospective 2011 PE = 3.35 / 0.3572 = 9.4x
Historical
5 Yr
PE range 7.6 - 14.4
DY range 2.2% - 1.1%
10 Yr
PE range 8.0 - 14.8
DY range 2.3% - 1.2%
Year DPS EPS
2000 0.6 0.2
2001 0.3 1.0
2002 0.3 4.7
2003 1.2 5.2
2004 0.8 6.9
2005 1.5 9.1
2006 2.3 12.4
2007 2.9 16.7
2008 3.5 19.2
2009 2.6 20.4
9M10 9.0 27.82 NTA 1.31
Capital Changes
2003 1/5 Bonus
2005 1 to 2 Share Split, 1/5 Bonus
2010 1/1 Bonus
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