| Latest Forum Topics / Sri Trang Agro Last:0.72 -- |
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HUTCHISON PORT TRUST -HIGHEST YIELD AT ROCK BOTTOM
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beefy7
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29-Jul-2020 09:36
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just curious, how do you know that your shares have been " loaned" out to shortist?? thanks!
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ghetto
Master |
29-Jul-2020 09:34
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Taking a rest soon...intermission | ||||
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Longtermer
Elite |
29-Jul-2020 09:32
Yells: "A disciplined investor is a wealthy investor" |
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The Best is yet to Come.. Results should be 2nd week August.. |
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muifan
Supreme |
29-Jul-2020 09:32
Yells: "Take the leap of faith dont regret 20 years later!" |
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i think STA will move like UG.. no stopping.. other gloves makers really too high at moment..
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limjoeseph
Supreme |
29-Jul-2020 09:32
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Latest update on STGT possibly report minimum US35 million or 1.125 Billion Baht 2nd quarter as compared to 1st quarter of 375 Million Baht.
Just calculate the previous quarter between Dec 19 and Feb 2020 for Top Gloves at 27 million Ringgit against their latest quarter earning report which is 3 times at 81 Million Ringgit. As such, STA price will rally towards the better 2nd quarter earning result on 14 August as STA will be the full 100% beneficiary of STGT profits. There after from the 3rd quarters earnings report, STA will enjoy 56% of STGT earnings. Target price for STA for rest of 2020 between 56 and 62 Bahts basis Fibonacci Price Extension between 1.382 to 1.618 percent as 32.75 Baht being the Elliot First Wave and have seen the short term correction of 38.2% correction into my buying zone of 24 Baht at a low of 23.4 Baht of Second Wave whereby CCI and Stochastics extremely oversold for a basing out. Just relax and enjoy STA price rally. I reinterate outperform for STA shares for the rest of 2020. STA Sing price objective at minimum S$3.22 (Fibonaci Price Extension) for the rest of 2020 supported by huge earnings from STGT due to strong global demand for gloves resulting from Covid 19 infections not dissipating anytime soon. |
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nott1965
Veteran |
29-Jul-2020 09:31
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my 20 lots loan had not been covered by shortist since last week. Kateks going to lose pants soon
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ghetto
Master |
29-Jul-2020 09:31
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BBs will slowly move to Sri... | ||||
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Greenpig
Senior |
29-Jul-2020 09:30
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Yes .. hope just closed at 1.4 to 1.42 | ||||
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Lailai888
Member |
29-Jul-2020 09:29
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Sri Trang' s performance today is amazing. But once again lets all be cautious a little, thai market hasn' t opened and UG is at a high price. UG' s imminent crash could potential create a domino effect amongst the gloves gang. |
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Desmond_T
Member |
29-Jul-2020 09:28
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14th Aug 2020
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muifan
Supreme |
29-Jul-2020 09:27
Yells: "Take the leap of faith dont regret 20 years later!" |
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anyone know when STA reporting results? | ||||
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niccccccs
Member |
29-Jul-2020 09:26
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lai liao
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ghetto
Master |
29-Jul-2020 09:25
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Either join in the dance or just watch from stands... | ||||
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yamseng
Supreme |
29-Jul-2020 09:24
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today STA will perform? | ||||
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muifan
Supreme |
29-Jul-2020 09:22
Yells: "Take the leap of faith dont regret 20 years later!" |
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break 135 will be show time to 175 ..
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ghetto
Master |
29-Jul-2020 09:19
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The rest of the gloves counters have went up to dizzy heights, only left with Sri. Its show time! | ||||
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Longtermer
Elite |
29-Jul-2020 09:16
Yells: "A disciplined investor is a wealthy investor" |
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STA glove biz is quite similiar to Kossan.. Can use this as reference imo.. Kossan' s net profit seen quadrupling and exceeding RM900m in FY21 KUALA LUMPUR (July 27): Kossan Rubber Industries Bhd' s share price rocketed 21.01% or RM2.90 to an all-time high of RM16.70. Its market capitalisation ballooned to RM21.36 billion, more than Telekom Malaysia Bhd' s market cap of RM14.98 billion. Kossan took the centre stage as analysts were raising earnings forecasts after an analyst briefing last week. The frenzied buying interest in the stock was driven by the optimism that the rubber glove maker, like its peers, would post record-breaking earnings in the current financial year ending Dec 31, 2020 (FY20) and the year after. More importantly, it is expanding quickly to ride the strong global demand growth. The resurgence of new Covid-19 cases in an increasing number of countries in recent weeks continues to fuel interest in rubber glove makers globally, including Kossan. CGS-CIMB Research forecast Kossan' s net profit to swell to RM941 million in FY21, this would be the highest ever recorded since its listing in 1996. It expects its net profit to more than double to RM617 million (S$202m) for the current financial year from RM224.78 million in FY19. However, its net profit will retreat to RM551 million in FY22 after the record-high profit, according to CGS-CIMB' s note to clients. The earnings upgrade hinges on higher-than-expected average selling price (ASP) from the third quarter of 2020 onwards, the new glove plant with a capacity of 1.4 billion pieces per annum, and longer order-book visibility. Given the higher EPS forecasts, the stockbroking firm upped its target price (TP) to RM16.40, from RM15 previously. CGS-CIMB noted that Kossan remains attractive given its laggard play in the glove sector, trading at a 36% discount to the Malaysian glove-sector average CY21 P/E ratio of 34 times, in spite of it standing to benefit from the sector' s favourable supply-demand dynamics in light of Covid-19. Hong Leong Investment Bank Research Analyst Farah Diyana Kamaludin is forecasting Kossan' s FY20 net profit to come in at RM580.1 million, with its FY21 net profit increasing to RM734.4 million, and retreating to RM558.9 million for FY22. She maintains her " buy" call on the counter, while raising her TP to RM17.75, from RM16.37 previously. Meanwhile, AmInvestment Bank Research' s Nafisah Azmi raises her fair value on Kossan to RM15.74, from RM12.51 previously with the new valuation based on a PE multiple of 27 times FY21 EPS. " We raise our earnings forecasts by 7% for FY20F, 26% for FY21F and 22% for FY22F. This is to account for higher assumptions of ASP and sales volume. We increase our assumption for ASP to US$29 (previously US$28) in FY20F and FY21F. We also raise our assumption for sales volume by 5% for FY21F and 14% for FY22F," she noted. Nafisah anticipates Kossan' s net profit to be at RM671.4 million for FY20, RM745.5 million for FY21 and RM573.4 million for FY22. Meanwhile, Kenanga Research' s Raymond Choo commented that anecdotal evidence suggests a further rerating as Kossan is expanding capacity more aggressively compared to the past conservative approach. " This potentially could fuel a potential further PER rerating," he added. Choo expects Kossan to achieve a net profit of RM682.1 million for FY20 and RM811.9 million for FY21. During last week' s briefing, the rubber glove maker told analysts that its current annual capacity was 29 billion pieces. However, 10 production lines would commence operations at its Plant 19 next month as planned. As a result, Kossan would have a total capacity of 32 billion pieces by year end, with an additional 1.4 billion pieces with lines by the first half of 2021 (1H21). Its recent land purchase in Meru, Klang would add production as early as 2H21, with six lines that would produce two billion pieces. Consequently, Kossan' s total capacity in FY21 would reach 35.42 billion pieces, an increase of 10.5% year-on-year. |
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Sritrang
Member |
29-Jul-2020 09:11
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unfortunately need to wait long long .. look at today opening, no movement like a turtle lol
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Sgvale
Supreme |
29-Jul-2020 09:05
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More to come la. $2 | ||||
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ghetto
Master |
29-Jul-2020 09:05
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Need to take down 135 for Sri to dance wildly...support support | ||||
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