Kossan's net profit increased in 3Q2008

Kossan's net profit for 3Q2008 ended 30/9/2008 increased by 9.2% q-o-q or 22.5% y-o-y to RM15.3 million, while its turnover increased by 9.2% q-o-q or 26.0% y-o-y to RM237 million.



Kossan (closed at RM2.35 yesterday) is now trading at a trailing PE of 5.5 times (based on last 4 quarters' EPS totaling 42.5 sen) or at a Price to Book of 1.3 times. At these multiples, Kossan is very attractive.

For the monthly chart, see below.


Chart: Kossan's monthly chart as at Nov 20, 2008 (source: Quickcharts)