Back

Latest Forum Topics / Sri Trang Agro    Last:0.72 --

Post Reply

Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
a79991 Veteran	20-Aug-2020 17:57        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From 1.7 to 1.6-1.5-1.4-1.3....now 1.1 range even good result so next level going to 1 & below. when vaccine out 0.60... alvinlsm      ( Date: 20-Aug-2020 17:22) Posted: Stop having any hope for this stock ! 1.15 now .... I think will really drop to 1.08
Useful To Me  Not Useful To Me
alvinlsm Veteran	20-Aug-2020 17:22        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stop having any hope for this stock ! 1.15 now .... I think will really drop to 1.08
Useful To Me  Not Useful To Me
3dw1nchu4 Veteran	20-Aug-2020 17:06        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Disclaimer: I could be wrong about this but I did some basic calculations with STGT. Assumption 1, STA owns 51% of STGT. Assumption 2, if one were to buy out 100% of STA shares at current value, they would also receive the 51% stake in STGT. Thus, the current price of STGT should be a component of the total share value of STA. STGT current price (A): 78.25 THB (SGD $3.41) STGT total no. of shares (B):  1,428,780,000 STA total no. of shares (C):  1,535,999,998 (I' m unsure if this is inclusive of the shares listed on SGX, but I assume so) Value of STA' s 51% stake in STGT (D): SGD  $2,484,791,298 (A * B * 0.51) Value of STGT in each share of STA: $1.61 (D ÷ B) Based on historical trading price of NC2 of $0.40, we see that NC2 should be trading between $1.61 - $2.01 based on how much you value the rubber business, and how much you value the glove business (assuming both are fully valued). I.e. if you value the rubber business at $0.00, STA should be trading at $1.61 just based on its stake in STGT. Dallan      ( Date: 20-Aug-2020 16:29) Posted: For 3Q, please correct me if I misunderstood. I notice that analysts so far didn't mention some of the things for a better picture. STA Q3 revenue will likely be much lower as it will stop recognising gloves revenue. Likewise, the related costs will be removed. NR revenue will go up, very likely above 1Q level due to un-lockdown and also recognising the revenue of the rubber raw materials it provides to STGT. Likewise the related cost will also go up. In this respect, its earnings for NR should go up. If gloves ASP remains the same level as 2Q, then STGT's NP will be impacted as it starts to recognizer raw material costs separately. To ensure that its NP from gloves is higher than 2Q, the ASP must be above USD30/K, which it should as the demand should still be escalating. Now even 2Q earning is astronomical, why the STA price is not moving up! Maybe due to one of these reasons: 1. Big funds press it down to flush out weak holders. 2. The 56% income for 3Q may not be able to match that of 2Q even STGT's earnings for 3Q is better than 2Q.
Useful To Me  Not Useful To Me
a79991 Veteran	20-Aug-2020 16:52        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any rebound is an opportunity to sell if not.....
Useful To Me  Not Useful To Me
Dallan Member	20-Aug-2020 16:29        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	For 3Q, please correct me if I misunderstood. I notice that analysts so far didn't mention some of the things for a better picture. STA Q3 revenue will likely be much lower as it will stop recognising gloves revenue. Likewise, the related costs will be removed. NR revenue will go up, very likely above 1Q level due to un-lockdown and also recognising the revenue of the rubber raw materials it provides to STGT. Likewise the related cost will also go up. In this respect, its earnings for NR should go up. If gloves ASP remains the same level as 2Q, then STGT's NP will be impacted as it starts to recognizer raw material costs separately. To ensure that its NP from gloves is higher than 2Q, the ASP must be above USD30/K, which it should as the demand should still be escalating. Now even 2Q earning is astronomical, why the STA price is not moving up! Maybe due to one of these reasons: 1. Big funds press it down to flush out weak holders. 2. The 56% income for 3Q may not be able to match that of 2Q even STGT's earnings for 3Q is better than 2Q.
Useful To Me  Not Useful To Me
3dw1nchu4 Veteran	20-Aug-2020 16:23        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good news is, buy queue looks strong, so got some support. But sell queue also very powderful...
Useful To Me  Not Useful To Me
look@bright Elite	20-Aug-2020 16:23        look@bright About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then tml 128 shk363      ( Date: 20-Aug-2020 16:18) Posted: 118 will be an auspicious closing
Useful To Me  Not Useful To Me
Tradingpal Member	20-Aug-2020 16:21        Tradingpal About Contact  Quote this Post!
x 0   x 0  Alert Admin	Steady  Smash12345      ( Date: 20-Aug-2020 16:14) Posted: Never say never....patience is the key.... DYOD
Useful To Me  Not Useful To Me
shk363 Elite	20-Aug-2020 16:18        shk363 About Contact  Quote this Post!
x 0   x 0  Alert Admin	118 will be an auspicious closing
Useful To Me  Not Useful To Me
Smash12345 Member	20-Aug-2020 16:14        Smash12345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Never say never....patience is the key.... DYOD
Useful To Me  Not Useful To Me
3dw1nchu4 Veteran	20-Aug-2020 16:06        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya la, but everytime unrest this one kanna sell down, then never go back up.  Ichimoku      ( Date: 20-Aug-2020 16:03) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
Tradingpal Member	20-Aug-2020 16:02        Tradingpal About Contact  Quote this Post!
x 0   x 0  Alert Admin	STA TH is up & thats why rebounding...
Useful To Me  Not Useful To Me
3dw1nchu4 Veteran	20-Aug-2020 15:56        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like SET:STA and SET:STGT will make some gains today, despite the unrest in Thailand. Bodes well for SGX:NC2
Useful To Me  Not Useful To Me
Fluffyclouds Master	20-Aug-2020 15:29        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Hahaha, thats what i thought also, but singapore abit too conservative when you mention STA. all scare scare. xD, Good thing we vested long. Less headache when it spike up. Ichimoku      ( Date: 20-Aug-2020 15:26) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
Dallan Member	20-Aug-2020 15:12        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX STA lelong as compared to SET STA. SGX is a shortlist heaven😂
Useful To Me  Not Useful To Me
small_cap Member	20-Aug-2020 14:34        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	nice....gonna find more bullets in case it drops below $1.1 in the coming days limjoeseph      ( Date: 20-Aug-2020 14:26) Posted: Shortist trying to flush out weak short short term retail investors, contra players and speculators to cut losses as 1.50 months ago the institutions were selling against small retail investors and short term speculators when they overpaid the STA Sing by as much as 7 bahts over STA Thai hittibg a high of $1.75 when STGT IPO on 2 July with STA Thai hitting a high of 32.75. Disillisioned retail investors are becomingly sick of holding STA Sing by doing distress sales for these institutions to buy to accumulate today at current levels as $1.12 about 2 bahts discount to STA Thai. These instiutions have a set of well reasearch datas to buy into good companies with sound fundamentals. By end of day, weak contra players will have to liquidate their positions like forcing mkt lower to another support at $1.08 for STA Sing. As I have been harping for mkt participants not to overpush the STA Sing relative STA Thai by paying premuim over STA Thai. Discounted mkt, you buy. Premuim mkt you sell. Syndicate shortists will have added advantage to sell at premuim through borrowing of shares to deliver their borrowed scripts or naked shorts where by SGX will do force buying before 3pm on the 2nd day of trading which means if shortist short today, SGX will force cover on Friday but long contra players will have to liquidate at what ever price before mkt closes. STA Thai is the lead mkt and now trading within a range of 25 baht and 32.75 baht for the rest of the month with daily moving average chart looking constructive. But STA Sing daily chart looks sick with support at $1.08. You should now question yourself whether you are a contra player/short term speculator or small retail investor with a time line of less than 3 months. p A better investment strategy is do a buy and hold for least 6 to 12 months horizon as STA will be a slow and gradual climb counter for a 6 to 12 minths period on very strong earnings for 3rd quarters humongous earnings contribution of 56% from STGT contribution. Hope my sharing today will give a better understanding of the mechanics of how the shortists operate!!
Useful To Me  Not Useful To Me
tangoanna Master	20-Aug-2020 14:28        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	please explain. interested to know why singapore so useless market a79991      ( Date: 20-Aug-2020 14:15) Posted: OMG! Until now you still not sure why???  3dw1nchu4      ( Date: 20-Aug-2020 14:10) Posted: I need some help understanding " Dow is very high now, anytime will have deep correction." When Dow high, SGX never climb very much, but when crash, SGX laosai. What is the connection? If there is a connection, why are we not seeing a crazy rally in SGX as well?
Useful To Me  Not Useful To Me
limjoeseph Supreme	20-Aug-2020 14:26        limjoeseph About Contact  Quote this Post!
x 2   x 0  Alert Admin	Shortist trying to flush out weak short short term retail investors, contra players and speculators to cut losses as 1.50 months ago the institutions were selling against small retail investors and short term speculators when they overpaid the STA Sing by as much as 7 bahts over STA Thai hittibg a high of $1.75 when STGT IPO on 2 July with STA Thai hitting a high of 32.75. Disillisioned retail investors are becomingly sick of holding STA Sing by doing distress sales for these institutions to buy to accumulate today at current levels as $1.12 about 2 bahts discount to STA Thai. These instiutions have a set of well reasearch datas to buy into good companies with sound fundamentals. By end of day, weak contra players will have to liquidate their positions like forcing mkt lower to another support at $1.08 for STA Sing. As I have been harping for mkt participants not to overpush the STA Sing relative STA Thai by paying premuim over STA Thai. Discounted mkt, you buy. Premuim mkt you sell. Syndicate shortists will have added advantage to sell at premuim through borrowing of shares to deliver their borrowed scripts or naked shorts where by SGX will do force buying before 3pm on the 2nd day of trading which means if shortist short today, SGX will force cover on Friday but long contra players will have to liquidate at what ever price before mkt closes. STA Thai is the lead mkt and now trading within a range of 25 baht and 32.75 baht for the rest of the month with daily moving average chart looking constructive. But STA Sing daily chart looks sick with support at $1.08. You should now question yourself whether you are a contra player/short term speculator or small retail investor with a time line of less than 3 months. p A better investment strategy is do a buy and hold for least 6 to 12 months horizon as STA will be a slow and gradual climb counter for a 6 to 12 minths period on very strong earnings for 3rd quarters humongous earnings contribution of 56% from STGT contribution. Hope my sharing today will give a better understanding of the mechanics of how the shortists operate!!
Useful To Me  Not Useful To Me
3dw1nchu4 Veteran	20-Aug-2020 14:18        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sincerely, nope a79991      ( Date: 20-Aug-2020 14:15) Posted: OMG! Until now you still not sure why???  3dw1nchu4      ( Date: 20-Aug-2020 14:10) Posted: I need some help understanding " Dow is very high now, anytime will have deep correction." When Dow high, SGX never climb very much, but when crash, SGX laosai. What is the connection? If there is a connection, why are we not seeing a crazy rally in SGX as well?
Useful To Me  Not Useful To Me
a79991 Veteran	20-Aug-2020 14:15        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OMG! Until now you still not sure why???  3dw1nchu4      ( Date: 20-Aug-2020 14:10) Posted: I need some help understanding " Dow is very high now, anytime will have deep correction." When Dow high, SGX never climb very much, but when crash, SGX laosai. What is the connection? If there is a connection, why are we not seeing a crazy rally in SGX as well? hantanbl      ( Date: 20-Aug-2020 14:07) Posted: Bro, me also waiting for this miracle. $1.5 I am happy liao.  Dow is very high now, anytime will have deep correction. Hope Trump gang continue to manupilate it till Nov
Useful To Me  Not Useful To Me

                                                         First   < Newer   2741-2760 of 7800   Older>   Last