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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
albeniz Veteran	13-Aug-2020 23:22        albeniz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only the strongest will stay on this boat.
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ghetto Master	13-Aug-2020 23:18        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Seriously the topic title is holding this Sri back at this level. Haha... Someone better change it soonest.
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guards80 Supreme	13-Aug-2020 23:12        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	one of Russia' s leading virologists has even warned that the vaccine could increase the spread of Covid-19.  LOL small_cap      ( Date: 13-Aug-2020 22:28) Posted: lolol https://www.dailymail.co.uk/news/article-8622761/Russias-doctor-quits-gross-violations-ethics-rushed-Covid-19-vaccine.html
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3dw1nchu4 Veteran	13-Aug-2020 23:02        3dw1nchu4 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Atm, I' m holding at average price of $1.33. Taking guidance from broker house TPs, most recently from citibank (can scroll down see other forumer' s post) as follows: Base case: $3.14 Best case: $3.80 Also, worse case, $0.89 Of course, on sginvestors.io, UOB issued a TP $1.85 back in July. I feel like this close to results, should wait for the results to be out rather than let go now. But you need to do what is most suitable for your risk appetite and goals, be it cutting your losses, or selling off partially. I personally don' t dare to dream of $3, but I think a 20-30% upside on the current price is very achievable. Wealth98      ( Date: 13-Aug-2020 22:48) Posted: Thank you for your analysis, got stranded at 1.28 and 1.20 sigh ... don?t know what to do , to hold or to cut . 3dw1nchu4      ( Date: 13-Aug-2020 22:30) Posted: Nah, I believe they dare to short cuz STA on SET is trading lower than NC2. And today STGT and STA followed in malaysia glove counters footsteps due to Russian vaccine news. On the contrary, if they have inside news, they will know not to short since rubber prices have gone up since Q1 results and STGT will be delivering spectacular results
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Wealth98 Veteran	13-Aug-2020 22:48        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you for your analysis, got stranded at 1.28 and 1.20 sigh ... don?t know what to do , to hold or to cut . 3dw1nchu4      ( Date: 13-Aug-2020 22:30) Posted: Nah, I believe they dare to short cuz STA on SET is trading lower than NC2. And today STGT and STA followed in malaysia glove counters footsteps due to Russian vaccine news. On the contrary, if they have inside news, they will know not to short since rubber prices have gone up since Q1 results and STGT will be delivering spectacular results. Wealth98      ( Date: 13-Aug-2020 22:21) Posted: Why would shorties shot this stocks in the first place ? Do they already know the inside news already ?
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3dw1nchu4 Veteran	13-Aug-2020 22:30        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nah, I believe they dare to short cuz STA on SET is trading lower than NC2. And today STGT and STA followed in malaysia glove counters footsteps due to Russian vaccine news. On the contrary, if they have inside news, they will know not to short since rubber prices have gone up since Q1 results and STGT will be delivering spectacular results. Wealth98      ( Date: 13-Aug-2020 22:21) Posted: Why would shorties shot this stocks in the first place ? Do they already know the inside news already ? linguist      ( Date: 13-Aug-2020 21:57) Posted: hope BBs tomorrow bring this counter up higher. else if result released after the day end like Medtecs, then next Monday might gap up (shorties will get burn...
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small_cap Member	13-Aug-2020 22:28        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	lolol https://www.dailymail.co.uk/news/article-8622761/Russias-doctor-quits-gross-violations-ethics-rushed-Covid-19-vaccine.html
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Wealth98 Veteran	13-Aug-2020 22:21        Wealth98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why would shorties shot this stocks in the first place ? Do they already know the inside news already ? linguist      ( Date: 13-Aug-2020 21:57) Posted: hope BBs tomorrow bring this counter up higher. else if result released after the day end like Medtecs, then next Monday might gap up (shorties will get burn...) dollarsense      ( Date: 13-Aug-2020 21:43) Posted: Tmr up ??
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3dw1nchu4 Veteran	13-Aug-2020 22:15        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I blinked. Their base case of 71 thb is equivalent to SGD $3.14  Maybe should really start a new STA thread to draw good vibes haha tangoanna      ( Date: 13-Aug-2020 21:39) Posted: Sri Trang Agro (STA.BK) An Inexpensive Proxy to the World&rsquo s Third Largest Glove-maker Sri Trang Agro: TP raised to Bt71.00 (from Bt39.80), mainly on higher valuation for STA&rsquo s 56%-owned Sri Trang Gloves (STGT), reaffirm Buy. We revise our ASP assumptions for STGT at the STA level, FY20-22E earnings are raised by 50-136%. Our SOTP-derived TP is raised to Bt71.00. We value the midstream division at an unchanged 5x CY21E. The bulk of STA&rsquo s TP is still derived from STGT as such we ascribe a higher hold co discount of 30% (previously: 10%) as the muted outlook at STA&rsquo s midstream may see investors preferring to take a direct exposure via STGT. Bull Case: Bt88 Base Case: Bt71 Bear Case: Bt22.1 Jo.Chia      ( Date: 13-Aug-2020 21:24) Posted: https://wetransfer.com/downloads/250351d73f8f03fde7ce5e6dec4e027620200813124645/52f278 Citibank analysts tp STA 71 baht
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tritonyeah666 Elite	13-Aug-2020 22:04        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yep the bear case is more fair. Down to 1 dollar is possible.   22.1  Thai Baht  equals 0.98  Singapore Dollar
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linguist Veteran	13-Aug-2020 21:57        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope BBs tomorrow bring this counter up higher. else if result released after the day end like Medtecs, then next Monday might gap up (shorties will get burn...) dollarsense      ( Date: 13-Aug-2020 21:43) Posted: Tmr up ??
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dollarsense Veteran	13-Aug-2020 21:43        dollarsense About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tmr up ??
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tangoanna Master	13-Aug-2020 21:39        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sri Trang Agro (STA.BK) An Inexpensive Proxy to the World&rsquo s Third Largest Glove-maker Sri Trang Agro: TP raised to Bt71.00 (from Bt39.80), mainly on higher valuation for STA&rsquo s 56%-owned Sri Trang Gloves (STGT), reaffirm Buy. We revise our ASP assumptions for STGT at the STA level, FY20-22E earnings are raised by 50-136%. Our SOTP-derived TP is raised to Bt71.00. We value the midstream division at an unchanged 5x CY21E. The bulk of STA&rsquo s TP is still derived from STGT as such we ascribe a higher hold co discount of 30% (previously: 10%) as the muted outlook at STA&rsquo s midstream may see investors preferring to take a direct exposure via STGT. Bull Case: Bt88 Base Case: Bt71 Bear Case: Bt22.1 Jo.Chia      ( Date: 13-Aug-2020 21:24) Posted: https://wetransfer.com/downloads/250351d73f8f03fde7ce5e6dec4e027620200813124645/52f278 Citibank analysts tp STA 71 baht
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BB-trader Veteran	13-Aug-2020 21:34        BB-trader About Contact  Quote this Post!
x 0   x 0  Alert Admin	target 3+😃 Jo.Chia      ( Date: 13-Aug-2020 21:24) Posted: https://wetransfer.com/downloads/250351d73f8f03fde7ce5e6dec4e027620200813124645/52f278 Citibank analysts tp STA 71 baht
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Jo.Chia Member	13-Aug-2020 21:25        Jo.Chia About Contact  Quote this Post!
x 0   x 0  Alert Admin	From investingnote
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Jo.Chia Member	13-Aug-2020 21:24        Jo.Chia About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://wetransfer.com/downloads/250351d73f8f03fde7ce5e6dec4e027620200813124645/52f278 Citibank analysts tp STA 71 baht
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ssw518 Supreme	13-Aug-2020 19:07        ssw518 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes very likely, but they can borrow share to cover if available from their broking house, so cover later with interest n admin cost. Every day if px more upwards, the need to top up the diff. if result is good n issue div, very likely they will cover immediately. hope you win bro. 3dw1nchu4      ( Date: 13-Aug-2020 18:52) Posted: True, but today lowest $1.18, and only went below $1.21 after 4pm (besides the sudden dip at 11.30am). Average shorted price at $1.21 means a good number of them still shorted at $1.18-$1.20 right?  ssw518      ( Date: 13-Aug-2020 18:45) Posted: bro, this report is total trade enter with short, does not mean short position open, they can be already covered
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3dw1nchu4 Veteran	13-Aug-2020 19:06        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Clearly, I did not. Hence, " besides the sudden dip at 11.30am" Well, average of shorts is $1.21 today. Opened at $1.28, closed at $1.18. Judging by the comments we' ve been getting today, I' m pretty confident a number of shorts have not covered yet (Imagine shorting at $1.18 haha) Well, good luck to everyone. Hope those who are fearful have jumped off the ship. Tmr should be a pretty flat day leading up to the results announcement.   tangoanna      ( Date: 13-Aug-2020 18:55) Posted: Was below $1.20 in the morning, in case u missed it 3dw1nchu4      ( Date: 13-Aug-2020 18:52) Posted: True, but today lowest $1.18, and only went below $1.21 after 4pm (besides the sudden dip at 11.30am). Average shorted price at $1.21 means a good number of them still shorted at $1.18-$1.20 right?
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guards80 Supreme	13-Aug-2020 19:05        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Below 1.20 in the morning??? tangoanna      ( Date: 13-Aug-2020 18:55) Posted: Was below $1.20 in the morning, in case u missed it 3dw1nchu4      ( Date: 13-Aug-2020 18:52) Posted: True, but today lowest $1.18, and only went below $1.21 after 4pm (besides the sudden dip at 11.30am). Average shorted price at $1.21 means a good number of them still shorted at $1.18-$1.20 right?
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tangoanna Master	13-Aug-2020 18:55        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Was below $1.20 in the morning, in case u missed it 3dw1nchu4      ( Date: 13-Aug-2020 18:52) Posted: True, but today lowest $1.18, and only went below $1.21 after 4pm (besides the sudden dip at 11.30am). Average shorted price at $1.21 means a good number of them still shorted at $1.18-$1.20 right?  ssw518      ( Date: 13-Aug-2020 18:45) Posted: bro, this report is total trade enter with short, does not mean short position open, they can be already covered
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