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Thai Sri Trang sets IPO price at S$1.20
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wisecomment
Member |
08-Aug-2020 18:40
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Does anyone know if Q2 result will be better than Q1 result since there is a slump in the rubber price? |
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alanllt
Senior |
08-Aug-2020 16:34
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Just looking on your post ... every time u planning to buy or sell. You said the reversal.
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limjoeseph
Supreme |
08-Aug-2020 16:24
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Never to late to buy STA due to recent climb of rubber prices from a low the march month 106.00 uscts/kg on TSR 20 Sicom to a high yesterday at 133.8 uscts/kg for nearby contract month. Starting next week, the friend as your good friend will be entrenched and dip buying will be better for choice. The rocket ship is ready to take off thereafter and buckle your seat belt and enjoy the ride above 41.2 Baht, the all time 2011 high before september. Huat everyone!! Enjoy your weekend. | ||||
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Dannkh
Master |
08-Aug-2020 16:05
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Baring no lock-down or political unrest in Thailand, this stock looks promising & on uptrend. Maybe BBs & institutions have not collected enough. Not easy to control both Singapore & Thai side. Be patient. | ||||
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Tool18
Senior |
08-Aug-2020 15:45
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I?m all in already with my remaining warchest , let?s see ! Everything comes with risk DYODD | ||||
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Sgvale
Supreme |
08-Aug-2020 15:33
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U changed your mind again? After yesterday closed, you said you going to buy next week & long? Why so sudden huh? Your aunty come to visit you today?
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hantanbl
Senior |
08-Aug-2020 15:27
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The report is not from company, is 3rd party analysis. With the strong demand due to covid, most likely actual resut will surpass analyst forecast. Thai side STA price have been going up slow but steadily is also a sign of accumulation before resut release. If you believe in this company is a good price to scope more after last Friday correction to $1.31, not many days left I am vested but no more bullet. As usuall DYODD
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3dw1nchu4
Veteran |
08-Aug-2020 14:41
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There is at least a 20%-70% upside on the current share price imo. Will pick up some more on Tuesday.
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limjoeseph
Supreme |
08-Aug-2020 14:38
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The best has yet to come next week when Spore mkt is closed as STA Thai yesterday close 28.50 will probably catch with the Sing price yesterday close of $1.31 = 29.50 Baht ( Exchange rate 0.04415) and move up higher until reporting results release on 14 August 2020. ABCDE Elliott Wave Long Term is already in place for a big up cycle breaking all time high of 41.20 Baht in 2011 within the August 2020 to 1st Half June 2021 period on improved rubber fundamentals and humongous earnings contributions every quarter from STGT. 2nd quarters profit is expected to exceed 1st quarter profits 845 million Bahts at a minimum 1 Billion Baht. PS: Pl let the STA Thai lead the STA Sing basis exchange rate and not the other way around as the lead mkt is still STA Thai is STA is a Thai public listed company as it has dual listing. Lets HUAT together after the 14 August results!! | ||||
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tritonyeah666
Elite |
08-Aug-2020 13:18
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all priced in already. I' m shorting this to 1.25 on Tueday before evaluating if I will cover my shorts come wednesday. | ||||
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Jo.Chia
Member |
08-Aug-2020 12:32
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I talking abt this
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shadow11
Veteran |
08-Aug-2020 12:27
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Is it their rubber is their main business revenue?
How come share price din run up up away. Rubber demand is down at the moment due to the slump in automotive market. |
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gregtan123
Supreme |
08-Aug-2020 12:23
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got news meh? no lei. news is next friday super results
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Battle123
Elite |
08-Aug-2020 12:23
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Hope can fly to the sky
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Jo.Chia
Member |
08-Aug-2020 12:22
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Maybe Sri trang can surprise us :) | ||||
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Jo.Chia
Member |
08-Aug-2020 12:12
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So I Guess the company update news is bad? | ||||
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gregtan123
Supreme |
08-Aug-2020 12:05
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Fauci warns COVID-19 vaccine may be only partially effective, public health measures still needed. Does this mean PPE for LIFE?
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hantanbl
Senior |
08-Aug-2020 11:56
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http://asiawealth.co.th/uploads/researchs/file_041446_rlylg.pdf Report from Asiawealth dated 29July. Recommendation is BUY. with a target price of 35 THB which is S$1.54 which is on the lower side. DOYDD. The PDF is in Thail, I used google to translate After reading the report, my take is, if you intend to hold till end this year, your rewards will be handsome
Please read the notes at the end of this analysis.
1
Company Update
Sri Trang Agro-Industry Public Company Limited (STA)
29 July 2020
BUY
12M TP: Bt35.00
Closing price: Bt24.60
Upside / downside: + 42.3%
Sector
Agribusiness
Paid-up shares (shares mn)
1,536
Market capitalization (Bt mn)
37,786
Free float (%)
54.63
12-mth daily avg. turnover (%)
308.45
12-mth trading range (Bt)
32.75 / 9.00
Major shareholders (%)
Sri Trang Holding Co., Ltd.
22.38
Thai NVDR Co., Ltd.
10.10
Mr. Waiyawut Sinchareonkul
8.66
Expect 2Q20 net profit to grow YoY and QoQ.
► Expect 2Q20 earnings to grow 255% YoY and increase 12% QoQ.
► The 2Q20 earnings growth of both QoQ and YoY comes from the high gross margin.
Of rubber gloves business To compensate for the decline in gross profit margin of the natural rubber business.
► Revenue 2Q20 decreased due to the lower sales volume of block rubber and sheet rubber business.
► Expect 3Q20, the natural rubber business will return to normal.
► Adjusted the 2020-2021 net profit by 65% and 62%, respectively, from
Original estimate From higher gross profit margin of rubber gloves business
► Suggest " Buy" for a new target price of 35.00 baht
Expect 2Q20 net profit to grow YoY and QoQ.
We expect 2Q20 earnings of Bt958m, up 255% YoY and up.
12% QoQ with total revenue of Bt15,984m, up 5% YoY but down.
9% QoQ was due to the slowdown in sales volume of block rubber and sheet rubber business.
Because overseas customers were affected by the COVID-19 epidemic.
As a result, the factory had to be shut down and production temporarily stopped. However, the rubber glove business is still
Growing from higher sales volume and selling price We expect that the The gross profit
The height of the rubber glove business will help offset the The gross profit of the natural rubber business decreased.
As a result, 2Q20 net profit continued to grow.
Adjusted 2020-2021 net profit forecast to reflect better-than-expected profit margins
We revise our 2020-2021 earnings forecast to Bt3,735m and 3,928.
Million baht or an increase of 65% and 62%, respectively, from the original estimate from the price
Selling rubber gloves that rise. Resulting in higher profit margins by adjusting gross profit rate in 2020
And 2021 up 14% and 13.7%, respectively, reflecting the need for gloves.
Rubber is still at a high level.
We believe that 3Q63 block rubber and sheet rubber business will return to normal.
Although block rubber and sheet rubber business slowed down in the period of 2Q20, as well as higher raw material prices.
As a result, the profit rate in 2Q20 of the natural rubber business decreased. But we believe that 3Q63
The business will return to good QoQ in both the sales volume and the selling price. Now starting to have
After the rubber tapping was closed during the last dry season, profit margins are expected.
The natural rubber business in 3Q63 will improve QoQ.
Recommend " Buy" with a new target price of 35.00 baht.
Despite the slowdown in the block rubber and sheet rubber business in 2Q20, we believe the 3Q20 business will reverse.
The business of rubber gloves is still growing. Both the sales volume and the selling price.
High level, resulting in Increased gross profit Including the profit sharing from STGT.
" Buy" with a new target price of 35.00 baht, reflecting the 2021 performance at
Continuously strong And the earnings forecast revision in 2021, we continue to
Based on the same 14x average PER
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Superfast
Supreme |
08-Aug-2020 11:34
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Hold tight.... And it paid off.... | ||||
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alanllt
Senior |
08-Aug-2020 11:29
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No pains, No gains.
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