$KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD)
Research by TA
Buy - TP RM2.38

"Satisfactory Performance"

Following the recent weakness in its share price, we upgrade Kossan to Buy (previously hold) with a TP of RM2.38/share based on 1.5x CY25 P/B. In terms of asset quality, Kossan’s cash and investments stood at RM2.1bn as at Jun-24, equivalent to 39.7% of market cap.

Analyst:
Tan Kong Jin
kjtan@ta.com.my