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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
Longtermer Elite	24-Aug-2020 09:28        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	With STA reversing its trend and start moving up, we will see the true potential for this counter.. UOB TP was adjusted up S1.98 after Q2 results.See below. With its 56% stake in STGT worth $2.74b, this company should be at least $2.30 imo. Dyodd and huat! ---------------------------------- Sri Trang Agro-Industry (STA TB) (19 Aug 20 - UOB Kayhian) Bright Earnings Prospects In 2H20 We think 2H20 net profit would double that in 1H20, driven by the glove business. Earnings would continue to make a record high in 3Q20 and peak in 4Q20 for the year. 2021-22 earnings would remain strong but more normalised. Maintain BUY. Target price: Bt45.50 ($1.98). WHAT&rsquo S NEW Bright earnings prospects in 2H20, Driven by a huge jump in ASP in the glove business Sri Trang Agro-Industry (STA) management expects ASP would surge by at least 70% qoq in 3Q20 and increase 12% qoq in 4Q20 (2Q20 ASP: US$20.70/&rsquo 000 pieces). Selling volume under long-term contracts which have low ASP would mostly have a been delivered in 2Q20. We think 2H20 net profit would double that of 1H20 earnings, continue to make a record high in 3Q20 and peak in 4Q20 for the year. Natural rubber performance would improve this year amid a dim market   Management forecasts global demand for natural rubber this year at 12.12m tonnes, down 11% yoy, owing to the COVID-19 pandemic impact. Note that demand for natural rubber from the tyre industry accounts for 71% of global natural rubber consumption. However, STA&rsquo s natural rubber business would be profitable this year, a turnaround from a net loss of Bt662m in 2019, on an expected larger market share of 25-30% in 2020 (2019: 22%) as large local competitors faced financial problems last year. STOCK IMPACT Glove business outlook remains strong until 2021. Management said glove demand remains strong with sales backlong now reaching mid-21 for latex gloves and Dec 21 for nitrile gloves. New customers have to make full payment in advance while small and medium-sized customers have to make about 20% of full payment in advance. In addtion, there are no cancellation of orders. Management also plans to expand capacity expansion to 70b pieces per year by 2026. EARNINGS REVISION/RISK We raise our 2020-23 net profit projections by 8-33% due to rising glove ASP and a higher glove production capacity of 46b pieces (from 39b pieces) in 2020.
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Msport Elite	24-Aug-2020 09:12        Msport About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	today thai side can use margin to trade... likely will have more interest
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niccccccs Member	24-Aug-2020 09:11        niccccccs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi bro, maybe can just snipping tool and paste Ichimoku      ( Date: 24-Aug-2020 09:03) Posted: --- Post Removed by User ---
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linguist Veteran	24-Aug-2020 09:04        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sri Trang is very undervalued and worth investing. Their Q3 result will be amazing too because average glove price will be increased, and more sales in natural rubber (pricing rebound from lowest) due to competitors winding up and etc due Covid. WIth H1 results better than UG, Riverstone and Medtecs, and share price so much lower than Top Glove. (below share price as at 14 Aug) RM to SGD = 0.33  USD to SGD = 1.37 Baht to SGD = 0.044 UG Healthcare  H1 2020 - Revenue,    S$ 91 million  | Net Profit, S$ 14 million |    Share Price, S$ 2.64 Riverstone  H1 2020 - Revenue, RM 626 million [S$ 206 million] | Net Profit, RM 137 million [S$ 45 million] |    Share Price, S$ 4.02 Medtecs  H1 2020 - Revenue, $ 162 million [S$ 221 million] | Net Profit, $ 38 million [S$ 52 million] |    Share Price, S$ 1.85  Note: If not mistaken, Medtecs figures are in USD Top Glove  Dec 19 to May 20 - Revenue, (Q2)RM 1.69 billion + (Q1)RM 1.23 billion = [S$ 963 million]  | Net Profit, (Q2)RM 347 million + (Q1)RM  115 million = [S$ 152 million] |    Share Price, S$ 8.79  Note: Top Glove quarterly/half-yearly reporting period is different from the rest.  Sri Trang  H1 2020 - Revenue, THB 32,737 million [S$ 1,440 million/ S$ 1.44 billion !!] | Net Profit, THB 2,222 million [S$ 97 million] |    Share Price, S$ 1.19  (??) Sri Trang  Share Price @ S$1.19! alanllt      ( Date: 24-Aug-2020 08:57) Posted: in short summary?
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alanllt Senior	24-Aug-2020 08:57        alanllt About Contact  Quote this Post!
x 0   x 0  Alert Admin	in short summary?
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Battle123 Elite	23-Aug-2020 22:34        Battle123 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Many supporters plus chartists say will touch 131 first
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Bintang Elite	23-Aug-2020 21:42        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Possibllity for STA going down to fill the gaps at $1.15 and $1.10 is high. Bintang      ( Date: 21-Aug-2020 16:50) Posted: There is an unfilled gap at $1.15 . Bintang      ( Date: 21-Aug-2020 12:27) Posted: STA has gone up to $1.21today , but it is stii weak. At least it must to beat the minor resistance at $1.24 (10MA ) , before we can confirm a turn around.
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rtan32 Member	23-Aug-2020 06:17        rtan32 About Contact  Quote this Post!
x 0   x 0  Alert Admin	now market will lookig for grow stock only , STA now growing ,future will grow double to triple. IX BIOPHAMA just start to grow , friday volumn and price moving is good sign. Timing for buy in very important , patient will give you big rewards .
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linguist Veteran	22-Aug-2020 21:18        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	The institutiona should buy more SET-STA shares. SGX price will rise accordingly then if like what u said that SET-STA will lead the market. Please stick to this thread so that it doesn't get confusing anymore. Thanks. limjoeseph      ( Date: 22-Aug-2020 19:55) Posted: Pl refer to Sri Trang 261% blog, as I penned certain info on institutions buying!!!
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Wealth98 Veteran	22-Aug-2020 20:30        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Il equally curious , WHY ?  alvinlsm      ( Date: 22-Aug-2020 20:10) Posted: Why ? rtan32      ( Date: 22-Aug-2020 19:22) Posted: my opinion is can pay attention on IX BIOPHAMA
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alvinlsm Veteran	22-Aug-2020 20:10        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why ? rtan32      ( Date: 22-Aug-2020 19:22) Posted: my opinion is can pay attention on IX BIOPHAMA
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limjoeseph Supreme	22-Aug-2020 19:55        limjoeseph About Contact  Quote this Post!
x 1   x 0  Alert Admin	Pl refer to Sri Trang 261% blog, as I penned certain info on institutions buying!!!
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rtan32 Member	22-Aug-2020 19:22        rtan32 About Contact  Quote this Post!
x 0   x 0  Alert Admin	my opinion is can pay attention on IX BIOPHAMA
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Wealth98 Veteran	22-Aug-2020 18:42        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who will Big Bad Boy fry after Madtec and Vicplas   ?   Who will be next ?  rtan32      ( Date: 22-Aug-2020 18:16) Posted: STA supporter å? æ²¹ï¼? I vested 30 lots yesterday. Thanks for many information sharing.
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rtan32 Member	22-Aug-2020 18:16        rtan32 About Contact  Quote this Post!
x 0   x 0  Alert Admin	STA supporter å? æ²¹ï¼? I vested 30 lots yesterday. Thanks for many information sharing.
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hantanbl Senior	22-Aug-2020 17:38        hantanbl About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro thank you again for the strong faith.  I strongly believed that day is coming soon! All gove counters are already trading at high PE & not much meat left. Once STA starts moving up, a  lot of investors, BB & FOMO  retailers will notice it & jump in  STA holders 加 油 ! STA 出 头 天 就 在 不 远 处 limjoeseph      ( Date: 22-Aug-2020 10:44) Posted: No brainer not to stay invested in STA for the next 6 to 12 months time line due to big earnings potential for the next few quarters until 1st half June 2021. 3rd quarters 56% contribution from STGT will be estimated at US$77 million net profits excluding rubber potential earnings as well. As yourself, what you think of earnings potential of STGT with increased gloves ASP every counter thereafter just like recent Msian gloves massive relentless bull run due to humongus earnings??? Dispel all short term unsuspecting news which are meant to cause corrections in an overheated overbought mkt but the strong fundamentals derived from earning contributions do not change overnite. STA is a gem just waiting to shine and it will shine brightly once international investors start taking notice of its undervalued nature and if I am not mistaken institution hands have started dip buying into the Thursday low of S$1.11 whilst STA Thai held its own grounds as small weak retail investors and speculative contra players were cutting losses. Now trading within a range for STA Thai between at 25 and 31.50 Bahts for the rest of the August month. I am heavily invested together with my Asian business associates from the rubber fraternity for the long haul, are you.?????
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alvinlsm Veteran	22-Aug-2020 16:09        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vaccines are all rumours . If there is a vaccine available tomorrow , you think everything will be back to NORMAL ? Airplanes can fly and we can go holiday without mask ? Face reality ! WOH has also mentioned HOPE to settle covid within 2 years . Gloves demand are always there even without covid ( Prehaps demand will not be that BIG ) But how long is COVID going to stay ? I really cannot see them going away in 2020 . Defintely Gloves company are still strong in 2020 .  Wealth98      ( Date: 22-Aug-2020 15:25) Posted: You meant when the vaccine arrived , healthcare personals will wear short and singlet to care for the patience?  Stop listening to the nay sayer or negative author , at most it will be a knee jerk reaction ..  Thisis a new norm , Glove is not just meant for Covid , its personal hygiene and protection . Servicer and care industries like hospital , restaurant,   Hotels , in fact , requiring glove now on .. China and India has the lowest hygiene care and their Govt gonna    change and improve on their health care . Covid-19 is here to stay and it will take years for the world to be vacinated if vaccine is ready for production tomorrow.  Tradingpal      ( Date: 22-Aug-2020 13:05) Posted: https://www.channelnewsasia.com/news/world/covid-19-who-hopes-over-two-years-tedros-13042962
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Wealth98 Veteran	22-Aug-2020 15:25        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You meant when the vaccine arrived , healthcare personals will wear short and singlet to care for the patience?  Stop listening to the nay sayer or negative author , at most it will be a knee jerk reaction ..  Thisis a new norm , Glove is not just meant for Covid , its personal hygiene and protection . Servicer and care industries like hospital , restaurant,   Hotels , in fact , requiring glove now on .. China and India has the lowest hygiene care and their Govt gonna    change and improve on their health care . Covid-19 is here to stay and it will take years for the world to be vacinated if vaccine is ready for production tomorrow.  Tradingpal      ( Date: 22-Aug-2020 13:05) Posted: https://www.channelnewsasia.com/news/world/covid-19-who-hopes-over-two-years-tedros-13042962 a79991      ( Date: 22-Aug-2020 12:43) Posted: The arrival of vaccine would tank all these medical & glove counters beware!!!!!
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limjoeseph Supreme	22-Aug-2020 15:24        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need to cut and paste old repetitive stale news to throw smoke!! Jus put your money where your mouth is!!! Humongus earnings from 56% contribution from STGT to STA will propel the growth of company and dictate the price appreciation of a well managed company like STA in due course. STA Thai is consolidating and building at strong base between 23.4 and 25 Baht for the rest of this month. Dispel all short term noises!! I am heavily invested, in STA Thai, are you???? NB: Whipsawing mkt for about 3 months already but not a speculative counter except for a buy amd hold strategy for 6 to 12 months time line to be rewarded. My TP objective may come sooner than expected between 44 and 47 baht. Stay invested to enjoy the ride from next month onwards as STA is an extremely undervalued stock after viewing strong earnings for next few quarters probaly until furst half june 2021. Please take note that STA Thai is the lead mkt!! Do your own due diligence!!!
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Tradingpal Member	22-Aug-2020 13:05        Tradingpal About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.channelnewsasia.com/news/world/covid-19-who-hopes-over-two-years-tedros-13042962 a79991      ( Date: 22-Aug-2020 12:43) Posted: The arrival of vaccine would tank all these medical & glove counters beware!!!!!
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