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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
Newkid93 Member	29-Jul-2020 10:54        Newkid93 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No 2$ no sell .. I' ll sell in batches of 4lots starting from 2$ all the way till 3$ yamseng      ( Date: 29-Jul-2020 10:53) Posted: Buyers keep coming in... if break 144 later, will burst to 150s
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yamseng Supreme	29-Jul-2020 10:53        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buyers keep coming in... if break 144 later, will burst to 150s
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cookiemonster Member	29-Jul-2020 10:48        cookiemonster About Contact  Quote this Post!
x 0   x 0  Alert Admin	STA is good, fundamentals and numbers are there 1.7 - 2 is no longer dreaming but hoping 11am thailand STA open won' t pull down SG side' s STA
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hotelgrand Master	29-Jul-2020 10:38        hotelgrand About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who shorted..covered ok..if not going to die standing hotelgrand      ( Date: 28-Jul-2020 15:21) Posted: Worst is over..each time it hits $1.10..up with vol...the guy who shorted below $1.20 got squeezed..those who averaged recently made $$....should be moving up n away..
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Lailai888 Member	29-Jul-2020 10:38        Lailai888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice to hear from an insider.  I do believe STA' s fundamentals and its grwoth story during this pandamic.  Really excited to be part of this and see STA grow stronger day by day. Top Glove is already the top 3 market capitalization company in Bursa.  STGT has a market cap of about THB 112 billion. Sadly STA holding company is only THB 40 billion. While the largest market cap company in Thailand is PTT Thai at THB 1,100 billion.  So much room for both STGT and STA to grow. Victorious69      ( Date: 29-Jul-2020 10:20) Posted: Thanks Bro for the assurance! limjoeseph      ( Date: 29-Jul-2020 10:07) Posted: Let me tell you STA rubber will report profits as well as I am an international rubber dealer as well as I am well positioned to know whether STA rubber make money or not this 2nd quaters reporting on 14 August. No fear as I speak the truth nothing but the truth as STA has factories in Thailand/Indonesia and Burma. No need to compare with another spore based rubber company whose MD resigned recently and probably they will report lossess. STA rubber is a well managed company and is expected strong earnings to out perform 1st quarter earning of 845 million baht. Short Term Technicals have already turned to strong buying by looking at the Daily Moving Average above 1.23. Understand, STA has just hit 1.40 and any short term correction is still a good buy. Correction is healthy for the next advance as Medium and Long Term Technicals still very well supported. STA short term dip buyers' mkt will prevail for now until earnings reporting day. To those mkt particpants still wanting to borrow STA stocks to sell, I wish them good luck as STA is extremely undervalued according to insiders.
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yamseng Supreme	29-Jul-2020 10:37        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	STA still consider a laggard? can chiong up 10 to 20 percent?
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nott1965 Veteran	29-Jul-2020 10:35        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	let shortists block la. they think they can buy back below $1 later. my interest better than putting money in the bank beefy7      ( Date: 29-Jul-2020 10:23) Posted: I bought via saxo, so no such good 4% like yours.. anyway i realised, earlier could easily breeze past 1.44, now look at the sell queue from 1.41-1.5 machiam great wall of china, isit BB blocking want to hold fort @ 1.4?
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yamseng Supreme	29-Jul-2020 10:35        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	can STA perform like UG ??
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7878huat Member	29-Jul-2020 10:31        7878huat About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is target price for STA? beefy7      ( Date: 29-Jul-2020 10:23) Posted: I bought via saxo, so no such good 4% like yours.. anyway i realised, earlier could easily breeze past 1.44, now look at the sell queue from 1.41-1.5 machiam great wall of china, isit BB blocking want to hold fort @ 1.4?
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Newkid93 Member	29-Jul-2020 10:28        Newkid93 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can post the sell queue ?  beefy7      ( Date: 29-Jul-2020 10:23) Posted: I bought via saxo, so no such good 4% like yours.. anyway i realised, earlier could easily breeze past 1.44, now look at the sell queue from 1.41-1.5 machiam great wall of china, isit BB blocking want to hold fort @ 1.4?
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beefy7 Member	29-Jul-2020 10:23        beefy7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I bought via saxo, so no such good 4% like yours.. anyway i realised, earlier could easily breeze past 1.44, now look at the sell queue from 1.41-1.5 machiam great wall of china, isit BB blocking want to hold fort @ 1.4?
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Victorious69 Member	29-Jul-2020 10:20        Victorious69 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Bro for the assurance! limjoeseph      ( Date: 29-Jul-2020 10:07) Posted: Let me tell you STA rubber will report profits as well as I am an international rubber dealer as well as I am well positioned to know whether STA rubber make money or not this 2nd quaters reporting on 14 August. No fear as I speak the truth nothing but the truth as STA has factories in Thailand/Indonesia and Burma. No need to compare with another spore based rubber company whose MD resigned recently and probably they will report lossess. STA rubber is a well managed company and is expected strong earnings to out perform 1st quarter earning of 845 million baht. Short Term Technicals have already turned to strong buying by looking at the Daily Moving Average above 1.23. Understand, STA has just hit 1.40 and any short term correction is still a good buy. Correction is healthy for the next advance as Medium and Long Term Technicals still very well supported. STA short term dip buyers' mkt will prevail for now until earnings reporting day. To those mkt particpants still wanting to borrow STA stocks to sell, I wish them good luck as STA is extremely undervalued according to insiders.
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nott1965 Veteran	29-Jul-2020 10:18        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope shortists don' t cover so fast, interest is 4% of market value. Like fixed deposit to me beefy7      ( Date: 29-Jul-2020 10:07) Posted: gotcha, thanks! nott1965      ( Date: 29-Jul-2020 09:48) Posted: from sgx portal, my account. those who borrowed are people who sold without owning the shares and have to borrow, otherwise sgx will buy from open market and charge a penalt
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beefy7 Member	29-Jul-2020 10:07        beefy7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	gotcha, thanks! nott1965      ( Date: 29-Jul-2020 09:48) Posted: from sgx portal, my account. those who borrowed are people who sold without owning the shares and have to borrow, otherwise sgx will buy from open market and charge a penalty beefy7      ( Date: 29-Jul-2020 09:36) Posted: just curious, how do you know that your shares have been " loaned" out to shortist?? thanks
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limjoeseph Supreme	29-Jul-2020 10:07        limjoeseph About Contact  Quote this Post!
x 1   x 0  Alert Admin	Let me tell you STA rubber will report profits as well as I am an international rubber dealer as well as I am well positioned to know whether STA rubber make money or not this 2nd quaters reporting on 14 August. No fear as I speak the truth nothing but the truth as STA has factories in Thailand/Indonesia and Burma. No need to compare with another spore based rubber company whose MD resigned recently and probably they will report lossess. STA rubber is a well managed company and is expected strong earnings to out perform 1st quarter earning of 845 million baht. Short Term Technicals have already turned to strong buying by looking at the Daily Moving Average above 1.23. Understand, STA has just hit 1.40 and any short term correction is still a good buy. Correction is healthy for the next advance as Medium and Long Term Technicals still very well supported. STA short term dip buyers' mkt will prevail for now until earnings reporting day. To those mkt particpants still wanting to borrow STA stocks to sell, I wish them good luck as STA is extremely undervalued according to insiders.
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crystalbee Veteran	29-Jul-2020 09:54        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Possible since Riverstone  now above $3.50 see less buyers. Believe once STGT gets too expensive, TH investors will move to STA and STA in SGX will move up. Let' s see......  muifan      ( Date: 29-Jul-2020 09:32) Posted: i think STA will move like UG.. no stopping.. other gloves makers really too high at moment.. ghetto      ( Date: 29-Jul-2020 09:31) Posted: BBs will slowly move to Sri...
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nott1965 Veteran	29-Jul-2020 09:48        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	from sgx portal, my account. those who borrowed are people who sold without owning the shares and have to borrow, otherwise sgx will buy from open market and charge a penalty beefy7      ( Date: 29-Jul-2020 09:36) Posted: just curious, how do you know that your shares have been " loaned" out to shortist?? thanks! nott1965      ( Date: 29-Jul-2020 09:31) Posted: my 20 lots loan had not been covered by shortist since last week. Kateks going to lose pants soo
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Tartbreaker Member	29-Jul-2020 09:45        Tartbreaker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ug can more than $2, Sri Trang still $1.4? Expecting phenomenal results
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Sgvale Supreme	29-Jul-2020 09:41        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sri Is 3rd biggest gloves producer after Top Glove & Riverstone. Narrow gap Longtermer      ( Date: 29-Jul-2020 09:16) Posted: 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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muifan Supreme	29-Jul-2020 09:37        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	hope bb cab catch the shorts at 1.41 lol
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