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Sri Trang Agro
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Thai Sri Trang sets IPO price at S$1.20
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alvinlsm
Veteran |
05-Sep-2020 18:22
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Why do you keep asking other to PM you in so many stock counters ?
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gregtan123
Supreme |
05-Sep-2020 18:15
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[Perspective: 3 Game-Changing News]
Summary
1. Demand, ASP & Profits of PPE & Gloves: KEEPS RISING TILL NO END (Source CNA)
2. Vaccine Earliest Mid 2021 (Source WHO)
3. USA/World: The Worst is YET TO COME, if you think MARCH was BAD, Winter will Be Worst (note: not hoping, this is FACTUAL)
Conclusion: You COME TO YOUR OWN CONCLUSIONS.
Some Informative Reads for the Weekend
1. COVID-19: Surgical glove makers struggle to keep pace with booming demand
Excerpt:
With no end in sight to the coronavirus pandemic, worldwide demand for surgical gloves - as for other types of personal protective equipment - is booming, leaving manufacturers struggling to keep up.
The global PPE market - from masks, gowns and gloves, to shoes and sanitising gels - is expected to balloon from US$52 billion in 2019 to US$93 billion in 2027, according to German market data specialist, Statista.
And, like other such products that were previously predominantly the domain of specialist medical personnel, the surgical glove has become much sought after even by the general public.
US-based Allied Market Research estimates that the global disposable gloves market amounted to US$6.8 billion in 2019, and is expected to nearly triple to US$18.8 billion by 2027.
Link: https://www.channelnewsasia.com/news/world/covid-19-surgical-gloves-ppe-makers-struggle-booming-demand-13083368
2. WHO tempers quick vaccine hopes
Excerpt:
But " in terms of realistic timelines, we are really not expecting to see widespread vaccination until the middle of next year," WHO spokeswoman Margaret Harris said.
And WHO chief Tedros Adhanom Ghebreyesus said the agency would not endorse a vaccine if it is not effective and safe.
- ' Trials too small' -
Russia has already approved a vaccine, and research published in The Lancet medical journal on Friday said patients involved in early tests developed antibodies with " no serious adverse events" .
But scientists cautioned the trials were too small -- just 76 participants -- to prove safety and effectiveness.
Link: https://sports.yahoo.com/tempers-quick-vaccine-hopes-162152624.html
3. Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1: &lsquo The worst is yet to come&rsquo
Excerpt:
The model by IHME, whose models have previously been cited by the White House and state officials, forecasts that the death toll will more than double by Jan. 1 and could reach as high as 620,000 if states aggressively ease coronavirus restrictions and people disregard public health guidance.
&ldquo The worst is yet to come. I don&rsquo t think perhaps that&rsquo s a surprise, although I think there&rsquo s a natural tendency as we&rsquo re a little bit in the Northern hemisphere summer, to think maybe the epidemic is going away,&rdquo Dr. Christopher Murray, director of IHME, told reporters on a conference call Friday.
Link: https://www.cnbc.com/2020/09/04/key-coronavirus-forecast-predicts-over-410000-total-us-deaths-by-jan-1.html
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Superkilat
Elite |
05-Sep-2020 16:48
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This is a greatly under value stock! PM me, I will share with you the links and insight into this stock. | ||||
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limjoeseph
Supreme |
05-Sep-2020 16:12
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"Currently all Msian glove stocks dropped quite rapidly in the last few days and all glove stocks investors are wondering what to do. Writer anticipated this similar situation before on 17 August when all the 7 glove stocks plunged more than 20% from their peaks. The glove bulls were spooked by news that vaccines for Covid-19 would be available for mass production in a matter of months. Besides Russia, China is another country that has revealed its success in developing a Covid-19 vaccine. Investors were afraid that the demand for gloves would be reduced. After the plunge on 17 August all the glove stocks recovered to establish most recent new peak prices. In addition to the reasons for the 17 August glove stock plunge, a few Investment Banks have downgraded the glove stocks from buy to neutral a few days ago. One Investment Bank went as far as to say that all the glove stocks were fully valued. Adding fuel to the selling is the renewed speculation of the government mulling over a windfall tax on the glove makers. As a result, most of glove stockholders were rushing to sell aggressively. Writer believes many more glove stockholders will follow like sheep to sell their holdings. After the weak holders get out of the gloves mkt, the strong hand holders will exert themselves basis strong quarterly earnings which will be the lifelife of the gloves company going forward. Next reporting date by Top Gloves on 17 Sept projected release date. Earnings release will be humongous at least 3 times of 3rd quarters profit of US$240 million. More often than not, fundamentally strong stock can continue to drop for whatever reason. After some time it should rebound. Writer believes the demand for gloves will continue to exceed supply in the next 2 or 3 quarters until the Covid 19 pandemic is under control. Many scientists predicted that even with the vaccines, the pandemic will not be under control for at least 1 or more years. It will take a long time to produce enough of vaccines to vaccinate everybody in the world. Unless everybody is vaccinated, the virus can still continue to spread. Moreover, to vaccinate so many people, more medical workers will be employed who will require more gloves. Currently US has 6.38 million Covid 19 cases and 192,000 deaths. Moreover, these figures are still spiking. US has the greatest number of cases in the world. Yet President Trump until a few weeks ago, did not believe in wearing face mask. In his re-election campaign speech, he said vaccines will be available next month, October. World Health Organisation (WHO) immediately said that it did not expect widespread immunisation against Covid 19 until mid-2021. Furthermore, there is already a change in lifestyle, rubber glove usage has become part of our daily lives. In short, the demand will remain." Up to date, I cannot find any stocks besides glove stocks that have profit growth prospect which is the most powerful catalyst to push up share prices as I am not vested in Technology stocks recently. The pandemic has been affecting everybody and all the listed companies with the exception of medical gloves and medical products for the virus prevention as well as any companies tied to technology fields. I believe the glove stock play is not over yet. All the glove makers should be reporting increasing profit in the next few quarters. Smart investors can still make money. I am waiting for the glove stock prices to rebound. As such, STA has the best of both world of rubber and gloves play altogther into one!!! | ||||
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alvinlsm
Veteran |
05-Sep-2020 15:51
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i am also looking at $2 min . But market sentimental is too weak for this counter. I really dont know why . Hope it will really reach this figure by end of this year .
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Longtermer
Elite |
05-Sep-2020 15:09
Yells: "A disciplined investor is a wealthy investor" |
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Bro, thanks for your regular updates and insider info. Yes, STA is for holding longer term but the rewards will be huge based on solid fundamentals. Vested and looking at min $2 by end 2020 when qtr results are out. Cheers.
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limjoeseph
Supreme |
05-Sep-2020 14:21
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Nothing to hide!! I bought 50K STA Sing on 2nd sept at $1.17 at a discount to STA Thai on my personal account. But yet on 6th Sept, I bought together with a friend of mine jointly 50K at $1.19 on the strength of Credit Suisse outperform TP for STGT gloves. Yet better still, do your own due diligence as expounded by Alvinlsm! | ||||
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alvinlsm
Veteran |
05-Sep-2020 14:03
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Why so concern about what or when people buy their stock ? Even he make money , he will not share a bit to you . Just do your own diligence and go into this counter if you deem fit to . All comments on the internet are for referrence only .Never trust 100% on someone that you dont even know online . There is no 100 % guranteed this stock will fly . Stock investment is basic on your eyesight and guts . This is not a penny stock . You will not lose until nothing is left .
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ghetto
Master |
05-Sep-2020 13:53
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I do read your post. On 2nd sept you mentioned you bought 50k shares of STA Sing at 1.17 and in this latest post you wrote you bought on 6 Aug 50k STA Sing at 1.19. Hmm...quite confusing your dates and price point. Clarify?
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limjoeseph
Supreme |
05-Sep-2020 12:07
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Wow exceeding my trajectory of 292K daily global COVID 19 infections intally locked in between Early July till date the US/Europe summer holidays which will end after 22 Sept at 299K this morning report. If basis 299K global we have broken up the consolidation phase between 210K and 292K. Into fall and winter, daily virus spike will be on its way to 400K minimum. Strong gloves fundamentals will not change overnight. The worse virus spike has yet to come. Continue to stay invested for the long haul in either STGT or STA. Even the Msian Govt's Employees Provident Fund is the 3rd largest shareholder in STGT holding 70 million plus shares purchased after STGT IPO soread over few days. Suspected their purchase price was 70 Bahts. I now shall divulge to all of you that I know the Boss of STA/STGT Thailand personally as I am from the rubber fraternity. In confidence, I dare to reveal the group of my Asian investors friends and myself includend together with my privileged Thai informant who also has close connections with the STA/STGT Boss's family members are heavily invested in STA Thai holding a buy and hold 40 million STA shares at average 28.25 Bahts till date. To give credit to my recent and continued penning in this forum to contribute any news affecting STA/STGT, I decided to buy on 6 August 50K STA Sing at s$1.19 (27.25 Baht) as it was discounted to STA Thai with 28.50 baht high intraday. We have already harvested our first round of profits holding at average price of STA Thai of 12.50 bahts and we held the portfolios for at least 5 months into the run up from 17.50 to 25 Bahts. We did our due due deligence accordingly and decided to reinvest again even at a higher price of average 28.25 Bahts. I am all in with my STA Thai portfolio for a time line before 1st half June 2021 basis my thesis that STA Thailand is a fundamentally sound company and I can say 3rd quarters earnings of STGT gloves increase ASP of US$35 per 1000 box as an increase of US$14 over 2nd quarters of US$24 per 1000 box will net STGT at least US$104 earnings estimated (US$14 × 7414 million gloves on unchanged factories production costs and operation costs of STGT. Therefore 56% contribution to STA to derive at US$58 estimated even without taking into account of rubber profits which STA Management has explicitly mentioned during their latest investors' conference that rubber division performance will be much better than 2nd quarters. Therefore I would like to invite all loyal STA shareholders to enjoy the coming upside ride. I reinterate that patience in holding STA shares for a 12 months period will be beneficial to all of you as putting aside excess cash in the bank to earn pittance intereste for a 12 months period will be opportunity lost. For your guidance, latest Credit Suisse TP for STGT is 142 Bahts (Outperform) and I detected on 3rd Sept recommendation release Credit Suisse was a big buyer at 75 Bahts at mkt opening of at least 5 million shares. My own personal first TP is between 44 and 47 Baht according to fibonanci count. Please do your own due diligence to suit your own risk appetite!!! | ||||
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B3XB3XB3X
Member |
05-Sep-2020 10:56
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Thanks bro joseph. Love your calls here and on IN and my strong desire to share my maiden post after reading numerous analyst reports and articles on STA and the below 6 points nails it perfectly well for me, cant wait for 6 Nov results. 1. Analysts estimate that Sri Trang Gloves (Thailand) PCL (STGT)&rsquo s profit will hit the highest peak in the third quarter of 2020 after it has had a strong performance throughout the year and while the rubber gloves market is still rising. Asia Plus adjusted their STGT target price to 90 baht per share. 2. Maria Lapiz, the managing director and head of institutional research at Maybank Kim Eng Thailand, said in a note to clients that the rubber gloves continue to be a strong seller market and STA&rsquo s volumes are already committed until late 2021 and early 2022. Maybank Kim Eng Management said that prices are locked in up until the second quarter of 2021. The ASP will also rise by 70 per cent in the third quarter of 2020. Maybank Kim Eng rate &lsquo BUY&rsquo on STGT shares at the target price of 76 baht. 3. The market knows that STGT production capacity will increase in the third and fourth quarter &ndash and its productions are sold out until the middle of 2021. 4. Jarinya Jirojkul, the president of STGT, said the outlook for the second half of the year is expected to see good growth. &ldquo COVID-19 is the catalyst for the rising demand for products that are becoming a necessity for everyday use. We have adequate production capacity to deliver rubber gloves to customers both in Thailand and abroad,&rdquo said Jarinya. 5. While the effectiveness and the production capability of the vaccine are still questionable, Enquistock has said that a vaccine will not reduce the demand for gloves for a long time. STGT reported an outstanding profit of 1.01 billion baht of profit for the second quarter. This is a blowout result compared to the average estimate of 650 million baht. If the profit run rate remains the same as of the second quarter, STGT will earn at least 3.5 billion baht for 2020, according to Enquistock. 6. Rubber price is back above pre-covid levels up 30% from Jun - Sep. Thailand is currently the second biggest rubber glove exporter in the world with 8-15 percent annual growth. Thailand' s Ministry of Agriculture and Cooperatives (MOAC) said Thursday that it would assist rubber farmers by promoting Thailand as a global hub for rubber glove manufacturing. This is simple logic. STA rubber growth + rubber price increase + gloves ASP increase + orders increase and sold out until 2021, Q3 results on 6 Nov will be beyond my imagination. Vested 65 lots for long, my small expectations by Nov is similar to consensus target PE20X - THB 42. |
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limjoeseph
Supreme |
05-Sep-2020 09:43
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Bro if you are refering to the link of CNBC, I already have it. | ||||
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Greenpig
Senior |
05-Sep-2020 09:30
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just share
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Superkilat
Elite |
05-Sep-2020 09:16
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Agreed. The Share price is greatly under value! PM me, I will share with you the links. | ||||
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limjoeseph
Supreme |
05-Sep-2020 09:06
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Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1: &lsquo The worst is yet to come&rsquoThe model by IHME, whose models have previously been cited by the White House and state officials, forecasts that the death toll will double by Jan. 1.IHME released three projections based on different assumptions: a worst-case scenario, a best-case scenario and a most likely scenario. The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute for Health Metrics and Evaluation at the University of Washington. Covid-19 has already killed at least 186,800 people in the U.S., according to data compiled by Johns Hopkins University. The model by IHME, whose models have previously been cited by the White House and state officials, forecasts that the death toll will more than double by Jan. 1 and could reach as high as 620,000 if states continue to ease coronavirus restrictions. &ldquo The worst is yet to come. I don&rsquo t think perhaps that&rsquo s a surprise, although I think there&rsquo s a natural tendency as we&rsquo re a little bit in the Northern hemisphere summer, to think maybe the epidemic is going away,&rdquo Dr. Christopher Murray, director of IHME, told reporters on a conference call Friday. IHME released three projections based on different assumptions: a worst-case scenario, a best-case scenario and a most likely scenario. The most likely scenario estimates that Covid-19 will kill 410,450 people in the U.S. by Jan. 1. The worst-case scenario, which assumes that restrictions and mask directives will ease, projects up to 620,028 people in the U.S. will die by then and the best-case scenario, which assumes universal masking, predicts that 288,380 people in the U.S. will die from Covid-19 in 2020. &ldquo We are facing the prospect of a deadly December, especially in Europe, Central Asia, and the United States,&rdquo Murray said in a statement. &ldquo But the science is clear and the evidence irrefutable: mask-wearing, social distancing, and limits to social gatherings are vital to helping prevent transmission of the virus.&rdquo https://www.cnbc.com/2020/09/04/key-coronavirus-forecast-predicts-over-410000-total-us-deaths-by-jan-1.html?__source=sharebar|email& par=sharebar I have been harping that US deaths will be minimum 300K but yet the above research will prove me wrong far exceeding my expectations. But yet I have been saying all along this global virus pandemic is extremely contagious and will not dissipaste anytime soon but following the time line of the Global Spanish Flu over a 2 years period between 1918 and 1920. As a result of the above trajectory, I can safely infer STGT will enjoy humongous gloves profits on increased ASP for the next few quarters to be enjoyed by STA (56%) as well. The underlying strong gloves fundamentals cannot change overnight even by any vaccine success which is just short term noise as always as strong earnings of STA will decide its future mkt price direction. Therefore dispel all short term noises for a buy and hold strategy as STA rise cannot be linear but probably have to climb a wall of worries to reach higher targeted price level issued by recent banks and brokerage houses. Be patient and enjoy the coming ride!!! | ||||
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Greenpig
Senior |
04-Sep-2020 18:24
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Cfm double cfm???
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look@bright
Elite |
04-Sep-2020 18:07
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👍 👍 👍 💪 💪 💪
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BullAllTheWay
Veteran |
04-Sep-2020 18:01
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Monday 1.25! Good luck guys! | ||||
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tritonyeah666
Elite |
04-Sep-2020 12:24
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Dow futures red le. | ||||
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alvinlsm
Veteran |
04-Sep-2020 11:25
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Not happening today ! Today Red Sea
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