| Latest Forum Topics / Sri Trang Agro Last:0.72 -- |
|
|
Sats
|
|||||
|
Sgvale
Supreme |
09-Aug-2020 11:09
|
||||
|
x 0
x 0 Alert Admin |
STA Sing able to reach last $1.75. Why leh? Sing able to value medical counters higher than Thai? | ||||
| Useful To Me Not Useful To Me | |||||
|
limjoeseph
Supreme |
09-Aug-2020 10:43
|
||||
|
x 0
x 0 Alert Admin |
To all those bear bloggers, I set my record straight that I have not invested in STA Sing due to over price to STA Thai because as an international trader I never will subscribe to buying STA Sing at a premuim over STA Thai basis currency besides STA Thai being the lead mkt over STA Sing. As on Friday close, the STA Thai differential has already narrowed to STA Sing, a sure enough good sign of an impending follow through upside from next week onwards. Consider me kind enough to let all of good blogger long position friends, my average buying price in only STA Thai at average 28.25 Baht and that I am a buy and hold investor until first half June 2021. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
look@bright
Elite |
09-Aug-2020 10:02
|
||||
|
x 0
x 0 Alert Admin |
Should see a jump in the price on Tuesday morning.Those who shot at 1.31 and below and haven cover back will do on Tuesday morning else they will just incurr more loses.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Tool18
Senior |
09-Aug-2020 09:57
|
||||
|
x 0
x 0 Alert Admin |
We all have our own diligences and no one force us to buy or sell . Just stay cool 😎 HAPPY NDP ! | ||||
| Useful To Me Not Useful To Me | |||||
|
shadow11
Veteran |
09-Aug-2020 09:45
|
||||
|
x 0
x 0 Alert Admin |
The main tissue is the sales revenue from rubber. The bulk of it is from rubber.
Automotive sector is not doing well. Demand from rubber is reduce. 1 car got 4 big tyre. Use a lot ley. Hahah Thankfully the glove segment can compensate and the rally from 40c to 1.30 is accounted in the glove. So be very carefoo hor. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
7ocean
Master |
09-Aug-2020 09:20
|
||||
|
x 0
x 0 Alert Admin |
I believe he buying at high price.. and he try to convice peoples to buy.. its a trap
|
||||
| Useful To Me Not Useful To Me | |||||
|
stlimst
Master |
09-Aug-2020 08:58
|
||||
|
x 0
x 0 Alert Admin |
Unlike Bro limJoeseph, I don' t have humongous vested interest in STA. With some addtion on Fri, now I have 20 lots at an average price of just below $1.30. Like Bro limjoeseph, I also intend to keep my investment in STA mid term (at least until end of FY2020) because I too, am convinced of huge potential of STA. In  a way, it is  a challenge to myself as I have done my analysis and refuse to believe that STA can be so, so undervalued. All will be known soon. HAPPY NATIONAL DAY TO ALL! |
||||
| Useful To Me Not Useful To Me | |||||
|
linguist
Veteran |
09-Aug-2020 08:44
|
||||
|
x 0
x 0 Alert Admin |
Ah I see. Thanks for the info.  if according to what limjoseph mentioned, and if the " software" triton is using does take into consideration on the Thai to Sing exchange rate and thus the short-selling, then it make sense why the software recommended to sell STA.  With a short-sell volume of 1,135,000 on Friday (641,000 on Thu, 600,000 on Wed), the short-sellers really taking a big gamble and risk to short-sell this counter, particularly doing so on a Friday.  ![]() But thanks to them, we can huat more next week with lower prices till the release of Q2 result.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
limjoeseph
Supreme |
09-Aug-2020 08:19
|
||||
|
x 0
x 0 Alert Admin |
Haha, I tell you because I have humongous vested interest, simple as that!!!!!!!0 | ||||
| Useful To Me Not Useful To Me | |||||
|
Justdoit88
Member |
09-Aug-2020 06:54
|
||||
|
x 0
x 0 Alert Admin |
Why are you trying so hard to sell the company? Hahaha
|
||||
| Useful To Me Not Useful To Me | |||||
|
limjoeseph
Supreme |
09-Aug-2020 03:48
|
||||
|
x 0
x 0 Alert Admin |
As mentioned a few times already, please do not over push STA Sing price as the lead mkt is STA Thai. The Singapore shortist will borrow shares to sell down the STA sing price to match the STA Thai by using the currency conversion of 0.04415 by forcing weak day traders or even short traders to cut lossess. I have observed on a number of occassions basis the exchange rate the the STA Sibg was more than 7 baht diffrential when the STA was sold down. Only as at Friday close STA Sing at S$1.31 equivalent Thai Baht at 29.70 managed to narrow the differental down to 1.20 Baht at STA Thai close at 28.50 Baht. All said, better days for STA are ahead from next week ahead of the 14 August 2nd quarters financial reporting. as STA Thai is extremely undervalued due to steadiness in higher rubber prices till date and humongous earning contributions from STA gloves division. Patience for the rise is the key word!! Just buckle your seat belt and enjoy the coming ride which is just around corner from privelege information that I possess to support a BULL analysis on STA for medium to long term buy and hold investors until 1st half June 2021 period. NB: Privelege info as to announcement of interim dividend within 2020 as STA is poised to report decent 2nd quarters profits. | ||||
| Useful To Me Not Useful To Me | |||||
|
stlimst
Master |
09-Aug-2020 00:18
|
||||
|
x 0
x 0 Alert Admin |
SGX requirement for listed companies to report financial results within 45 days of closing. so for June closing, latest is by 14 Aug - which is why next week will be exciting weeks for lots of stocks. The day of reckoning is soon for STA.  i am intrigue by this company as she defies all conventional logic.  based on the value unlocked by STGT IPO, the crazy price iof STGT, STA is supposed to rocket pass even Riverstone and UG. But for reason(s) unknown to most of us here in SGX, the price remained rooted to the ground, even dropped some on Fri. The most logical answer is that the Thai investors holding back the price is SET because they want to see concrete results first - quite unlike us here in SGX where we took analysts price forecast readily and push up the prices to match orr even surpass the target set. So for me, I have kept faith in STA and still believe in the great value hidden in STA. We shall see....soon enough.  
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
linguist
Veteran |
08-Aug-2020 23:38
|
||||
|
x 0
x 0 Alert Admin |
I noticed another difference, this counter is listed with sector and industry being " Process Industries" and " Industrial Specialties" respectively.  Maybe that' s why few BBs and investors have looked into this counter at all, since they wouldn' t be able to find it under Medical/Healthcare.   
In fact, STA issue better dividends compared to UG Healthcare. So if UG can reach $3, STA can go higher!! Once the BBs and other investors  noticed this counter upon announcement of Q2 result, this stock will rocket to the skies!   Hope it catches on to Riverstone or even Top Glove.BTW, how do you guys know when STA will release their Q2 result on 14 Aug? Tried to google but can' t find the info... 
|
||||
| Useful To Me Not Useful To Me | |||||
|
ghetto
Master |
08-Aug-2020 22:49
|
||||
|
x 0
x 0 Alert Admin |
Remember The Sri Dance repertoire starts from next week. Enjoy the show...Happy National Day!  | ||||
| Useful To Me Not Useful To Me | |||||
|
wisecomment
Member |
08-Aug-2020 20:30
|
||||
|
x 0
x 0 Alert Admin |
lol. One tries so hard to sell the company.  Another one tries so hard to trick others when he/she take a position.Not sure why he/she did so. We small fish won' t affect the market price though.  |
||||
| Useful To Me Not Useful To Me | |||||
|
Jo.Chia
Member |
08-Aug-2020 20:04
|
||||
|
x 0
x 0 Alert Admin |
Time will tell   :)
|
||||
| Useful To Me Not Useful To Me | |||||
|
3dw1nchu4
Veteran |
08-Aug-2020 19:50
|
||||
|
x 0
x 0 Alert Admin |
While I have confidence in STA' s potential, I feel uneasy every time you over sell the company haha
|
||||
| Useful To Me Not Useful To Me | |||||
|
wisecomment
Member |
08-Aug-2020 19:44
|
||||
|
x 0
x 0 Alert Admin |
Q2 is only accounting Apr-end June period. Rubber price only recovers after end June while core business of Sri Trang is rubber. Part of its business is glove. Agree with you though that it is undervalued currently.  | ||||
| Useful To Me Not Useful To Me | |||||
|
limjoeseph
Supreme |
08-Aug-2020 19:32
|
||||
|
x 0
x 0 Alert Admin |
Who says there is a slump in rubber price??? I have posted below the rubber price since march low!!!! I repeat again for your digestion. March low Sicom Tsr 20 106 uscts/kg. Yesterday high nearby at 133.80. Pl goggle it to get facts!!! Facts as below: 1st quarter profits was 845 Million Baht. STA is the 3rd largest gloves manufacturer. STA on July spinned off STGT on 2 July IPO and will enjoy 56% of STGT earnings from 3rd quarters thereafter. 100 % earnings goes to STA for 2nd quarter STGT produces 33 Billion gloves from 2020 onwards Break down of 1st quarter earnings at 845 Million Baht as follows: Gloves 425 Million Baht Hydraulic Machinery Business and other Joint Venture business 94 Million Baht Rubber 326 Million Baht Conservative 2nd quarter earnings of 1.107 Billion Baht as follows: Gloves 850 Million Baht (2 times of 1st quarter earnings during worsening virus pandemic period between April and June as extrapolating Hartelega profits which was 2 times latest financial report against previous earnings Rubber 163 Million Baht as there was some February and March shipments delayed to April month. NB: I am an international rubber dealer doinng business with all global consumers and rubber producers I shall reinterate on records that STA is highly undervalued due to priveleged infomation that I have possess to substantiate the undervalued thesis of STA!!! HUAT from next week onwards as STA is a hidden gem for medium and long investors until 1st half June 2021. Frankly target price is anybody's guess!! Just do your own due diligence!! | ||||
| Useful To Me Not Useful To Me | |||||
|
3dw1nchu4
Veteran |
08-Aug-2020 19:18
|
||||
|
x 0
x 0 Alert Admin |
STA owns 56% of STGT. A slump in rubber prices are likely to be a blip in the face of overwhelming glove sales.
Vested, so pls dyodd
|
||||
| Useful To Me Not Useful To Me | |||||


