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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
a79991 Veteran	14-Aug-2020 10:45        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Selling starting soon...
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PQTPQK Supreme	14-Aug-2020 10:41        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	worry thai market open...drop again ? TuaHuatAh      ( Date: 14-Aug-2020 10:40) Posted: Ok, you win. Not going to indulge here. alvinlsm      ( Date: 14-Aug-2020 10:07) Posted: Surge for medtech only comes in July ! What Q1 announcement
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TuaHuatAh Member	14-Aug-2020 10:40        TuaHuatAh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok, you win. Not going to indulge here. alvinlsm      ( Date: 14-Aug-2020 10:07) Posted: Surge for medtech only comes in July ! What Q1 announcement ? TuaHuatAh      ( Date: 14-Aug-2020 09:52) Posted: Bro, go check the price before Q1/2020 result announcement. It was down-trodden price. Good luck in your trades!
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alvinlsm Veteran	14-Aug-2020 10:07        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Surge for medtech only comes in July ! What Q1 announcement ? TuaHuatAh      ( Date: 14-Aug-2020 09:52) Posted: Bro, go check the price before Q1/2020 result announcement. It was down-trodden price. Good luck in your trades! alvinlsm      ( Date: 14-Aug-2020 09:43) Posted: Medtech already shoot up way Long before announcement was made ! After announcement they shoot up even more
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3dw1nchu4 Veteran	14-Aug-2020 09:55        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Change to this thread guys!  http://www.sharejunction.com/sharejunction/listMessage.htm
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BB-trader Veteran	14-Aug-2020 09:52        BB-trader About Contact  Quote this Post!
x 0   x 0  Alert Admin	think no proplem for Q2 profit x2 or x3 of Q1, Q1 demand not high, Q2 rush in demand of gloves, so other glove company q2 surge, this one q2 sure to fly, it has sub company to make glove also BB-trader      ( Date: 14-Aug-2020 09:41) Posted: 👍 👍 guards80      ( Date: 14-Aug-2020 09:27) Posted: today result out once profit x2 or x3 will shoot up $1.5
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TuaHuatAh Member	14-Aug-2020 09:52        TuaHuatAh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, go check the price before Q1/2020 result announcement. It was down-trodden price. Good luck in your trades! alvinlsm      ( Date: 14-Aug-2020 09:43) Posted: Medtech already shoot up way Long before announcement was made ! After announcement they shoot up even more  TuaHuatAh      ( Date: 14-Aug-2020 09:35) Posted: Medtecs px shot up after (and not before) result announcements for Q1 and H1/2020. So sweet! Sri is doing a dance now. Hopefully it is following Medtecs footsteps
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wait4opp Master	14-Aug-2020 09:45        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone who know the group in whatsapp, IG, WeChat, FB, twister.......etc go and put this on it. So like that will get all Singapore Investors know.....By time no more stocks to buy........and sell..... All keeps and wait for the results....huat big big tangoanna      ( Date: 14-Aug-2020 09:30) Posted: " " On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore" " Someone go the other gloves thread and advertise STA please. Longtermer      ( Date: 14-Aug-2020 09:26) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world&rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to Bt71.00 (from Bt39.80), or the equivalent of S$3.14.  Citi said this is mainly on higher valuation for Sri Trang Agro&rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents). Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents). Citi said the bulk of Sri Trang Agro&rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company&rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves.
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3dw1nchu4 Veteran	14-Aug-2020 09:44        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Move here fellas!  https://www.sharejunction.com/sharejunction/listMessage.htm?topicId=20002 If link doesn' t work, search for title " Glove counter with more than 261% upside!"   Rate topi
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alvinlsm Veteran	14-Aug-2020 09:43        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Medtech already shoot up way Long before announcement was made ! After announcement they shoot up even more  TuaHuatAh      ( Date: 14-Aug-2020 09:35) Posted: Medtecs px shot up after (and not before) result announcements for Q1 and H1/2020. So sweet! Sri is doing a dance now. Hopefully it is following Medtecs footsteps. guards80      ( Date: 14-Aug-2020 09:28) Posted: hmm u are wrong. shoot up before result i s no good. once result out then sell down. see UMS shoot up before result. yet result out sell dow
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BB-trader Veteran	14-Aug-2020 09:41        BB-trader About Contact  Quote this Post!
x 0   x 0  Alert Admin	👍 👍 guards80      ( Date: 14-Aug-2020 09:27) Posted: today result out once profit x2 or x3 will shoot up $1.50 Sgvale      ( Date: 14-Aug-2020 09:08) Posted: Hope it quickly shoot. If Correct another few more pips. All Bro & Sis, i buay tong & have to throw already. Sorry
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3dw1nchu4 Veteran	14-Aug-2020 09:38        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lai lai lets draw good vibes and migrate to  http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=20002& msgbdName=Sri%20Trang%20Agro& topicTitle=Glove%20counter%20with%20more%20than%20261%%20upside!
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guards80 Supreme	14-Aug-2020 09:36        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes BB collecting now need collecting more before shoot up above $1.50 TuaHuatAh      ( Date: 14-Aug-2020 09:35) Posted: Medtecs px shot up after (and not before) result announcements for Q1 and H1/2020. So sweet! Sri is doing a dance now. Hopefully it is following Medtecs footsteps. guards80      ( Date: 14-Aug-2020 09:28) Posted: hmm u are wrong. shoot up before result i s no good. once result out then sell down. see UMS shoot up before result. yet result out sell dow
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TuaHuatAh Member	14-Aug-2020 09:35        TuaHuatAh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Medtecs px shot up after (and not before) result announcements for Q1 and H1/2020. So sweet! Sri is doing a dance now. Hopefully it is following Medtecs footsteps. guards80      ( Date: 14-Aug-2020 09:28) Posted: hmm u are wrong. shoot up before result i s no good. once result out then sell down. see UMS shoot up before result. yet result out sell down alvinlsm      ( Date: 14-Aug-2020 09:10) Posted: All holding this stock for the unforeseen annual report ! which I personally feels is not that fantastic! Unless today Thailand share suddenly surge , which I doubt so
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tangoanna Master	14-Aug-2020 09:30        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	" " On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore" " Someone go the other gloves thread and advertise STA please. Longtermer      ( Date: 14-Aug-2020 09:26) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world&rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to Bt71.00 (from Bt39.80), or the equivalent of S$3.14.  Citi said this is mainly on higher valuation for Sri Trang Agro&rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents). Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents). Citi said the bulk of Sri Trang Agro&rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company&rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves.   guards80      ( Date: 14-Aug-2020 08:29) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research http://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13707-sri-trang-agro-citi-says-it-s-inexpensive-proxy-to-world-s-3rd-largest-glove-maker
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guards80 Supreme	14-Aug-2020 09:29        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	gogo 128 :) tritonyeah666      ( Date: 14-Aug-2020 09:25) Posted: down boy down! 1.08 impending.
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guards80 Supreme	14-Aug-2020 09:28        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmm u are wrong. shoot up before result i s no good. once result out then sell down. see UMS shoot up before result. yet result out sell down alvinlsm      ( Date: 14-Aug-2020 09:10) Posted: All holding this stock for the unforeseen annual report ! which I personally feels is not that fantastic! Unless today Thailand share suddenly surge , which I doubt so  Sgvale      ( Date: 14-Aug-2020 09:08) Posted: Hope it quickly shoot. If Correct another few more pips. All Bro & Sis, i buay tong & have to throw already. Sorry
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guards80 Supreme	14-Aug-2020 09:27        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	today result out once profit x2 or x3 will shoot up $1.50 Sgvale      ( Date: 14-Aug-2020 09:08) Posted: Hope it quickly shoot. If Correct another few more pips. All Bro & Sis, i buay tong & have to throw already. Sorry
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Greenpig Senior	14-Aug-2020 09:26        Greenpig About Contact  Quote this Post!
x 0   x 0  Alert Admin	U show hand ... Sgvale      ( Date: 14-Aug-2020 09:08) Posted: Hope it quickly shoot. If Correct another few more pips. All Bro & Sis, i buay tong & have to throw already. Sorry
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Longtermer Elite	14-Aug-2020 09:26        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world&rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to Bt71.00 (from Bt39.80), or the equivalent of S$3.14.  Citi said this is mainly on higher valuation for Sri Trang Agro&rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents). Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents). Citi said the bulk of Sri Trang Agro&rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company&rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves.   guards80      ( Date: 14-Aug-2020 08:29) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research http://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13707-sri-trang-agro-citi-says-it-s-inexpensive-proxy-to-world-s-3rd-largest-glove-maker
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