Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Research House: OSK
OSK Research has maintained a buy decision on Supermax Corporation Bhd and Kossan Rubber Industries, saying their financial results were within expectations.
The research house maintained its target price for Supermax at RM9.11, saying the company's product mix with 70 per cent natural rubber gloves was targeting the right markets in developing countries.
"Going forward, the company is poised to be one of the biggest beneficiaries of rising hygiene standards in developing countries such as China and India as health awareness grows against a backdrop of reasonably good demand for medical examination gloves."
Kossan's target price was also retained at RM5.65 and the company was commended for having a good product mix comprising 60 per cent natural rubber gloves and 40 per cent nitrile gloves, allowing it to target all markets.--BERNAMA
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Research House: OSK
OSK Research has maintained a buy decision on Supermax Corporation Bhd and Kossan Rubber Industries, saying their financial results were within expectations.
The research house maintained its target price for Supermax at RM9.11, saying the company's product mix with 70 per cent natural rubber gloves was targeting the right markets in developing countries.
"Going forward, the company is poised to be one of the biggest beneficiaries of rising hygiene standards in developing countries such as China and India as health awareness grows against a backdrop of reasonably good demand for medical examination gloves."
Kossan's target price was also retained at RM5.65 and the company was commended for having a good product mix comprising 60 per cent natural rubber gloves and 40 per cent nitrile gloves, allowing it to target all markets.--BERNAMA
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