[New post] Maybank IB: Kossan Rubber Industries – SELL TP RM1.86

alanyeo posted: " ASP downtrend to continue Challenging ASP outlook; D/G to SELL We believe Kossan's strong 1H21 earnings performance will not be sustainable as ASP has been trending down since May 2021 on rising competition, especially in the nitrile glove segmen" New post on Alpha Edge Investing Maybank IB: Kossan Rubber Industries – SELL TP RM1.86 by alanyeo ASP downtrend to continue Challenging ASP outlook; D/G to SELL We believe Kossan's strong 1H21 earnings performance will not be sustainable as ASP has been trending down since May 2021 on rising competition, especially in the nitrile glove segment. We lower our FY21-23 earnings forecasts by -1% to -76% on lower utilisation rates and ASP […] Read more of this post alanyeo | October 11, 2021 at 11:26 am | Tags: Kossan Rubber Industries | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-4Vd Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/10/11/maybank-ib-kossan-rubber-industries-sell-tp-rm1-86/