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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
NevEndless Member	30-Jun-2020 10:15        NevEndless About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sri Trang IPO on high demand!!! https://www.bangkokpost.com/business/1943040/stgt-sells-438m-ipo-shares-on-high-demand
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ghetto Master	30-Jun-2020 10:06        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Seems like looking to breakout. Minimally should be 150
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stanip Veteran	30-Jun-2020 09:56        stanip About Contact  Quote this Post!
x 1   x 0  Alert Admin	1) I am with LowLow12 for $2. In UOBKH report, the valuation projection at 23 PE of FY21 STG earnings does give a S$2.1 projected shared price for STA. 2) With Fed supporting Dow (for Trump?) giving a lower risk condition for IPO. Hope for some IPO pricing upside. 3) Experts forecasting pandermic lasting at least till end 2021 will give glove counters extended volume for possible EPS upward revisions.   cookiemonster      ( Date: 30-Jun-2020 09:47) Posted: YES $2 AFTER IPO  LowLow12      ( Date: 30-Jun-2020 06:38) Posted: $2 after IP
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cookiemonster Member	30-Jun-2020 09:47        cookiemonster About Contact  Quote this Post!
x 0   x 0  Alert Admin	YES $2 AFTER IPO  LowLow12      ( Date: 30-Jun-2020 06:38) Posted: $2 after IPO PQTPQK      ( Date: 30-Jun-2020 06:33) Posted: Agree .. it should easily 1.50
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PQTPQK Supreme	30-Jun-2020 07:44        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	The balloting results out ? LowLow12      ( Date: 30-Jun-2020 06:38) Posted: $2 after IPO PQTPQK      ( Date: 30-Jun-2020 06:33) Posted: Agree .. it should easily 1.50
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LowLow12 Elite	30-Jun-2020 06:38        LowLow12 About Contact  Quote this Post!
x 0   x 0  Alert Admin	$2 after IPO PQTPQK      ( Date: 30-Jun-2020 06:33) Posted: Agree .. it should easily 1.50! stlimst      ( Date: 30-Jun-2020 00:48) Posted: Just do the maths. STA holding in STG reduced from over 70% to just over 50% (to retain control) after the IPO. This move will unlock the massive value of STA hoidng in STG. Even at thenIPO price of Tb34 per share , the value added to STA' s books will be huge. i expect the market price of STG will easily shoot past Tb34. Unless there is something we don' t know, the share price of STA should be shooting up. perhaps it is just following the Thaj market. i find this very strange but i am just holding a little bit to see the effect when STG starts trading on 2 July. Surely it will shoot up. let' s see.
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PQTPQK Supreme	30-Jun-2020 06:33        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree .. it should easily 1.50! stlimst      ( Date: 30-Jun-2020 00:48) Posted: Just do the maths. STA holding in STG reduced from over 70% to just over 50% (to retain control) after the IPO. This move will unlock the massive value of STA hoidng in STG. Even at thenIPO price of Tb34 per share , the value added to STA' s books will be huge. i expect the market price of STG will easily shoot past Tb34. Unless there is something we don' t know, the share price of STA should be shooting up. perhaps it is just following the Thaj market. i find this very strange but i am just holding a little bit to see the effect when STG starts trading on 2 July. Surely it will shoot up. let' s see.
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stlimst Master	30-Jun-2020 00:48        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just do the maths. STA holding in STG reduced from over 70% to just over 50% (to retain control) after the IPO. This move will unlock the massive value of STA hoidng in STG. Even at thenIPO price of Tb34 per share , the value added to STA' s books will be huge. i expect the market price of STG will easily shoot past Tb34. Unless there is something we don' t know, the share price of STA should be shooting up. perhaps it is just following the Thaj market. i find this very strange but i am just holding a little bit to see the effect when STG starts trading on 2 July. Surely it will shoot up. let' s see.
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stanip Veteran	29-Jun-2020 23:34        stanip About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today Thai news... from LaingBuisson.  Local assessment of STG IPO pricing 13% discount Sri Trang Gloves Thailand, the country&rsquo s largest producer of medical gloves, has priced its initial public offering at the top of the range as investors rush to take advantage of the Covid-19-related boom in the sector. The world&rsquo s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to raise Bt14.9bn (US$485.3m). The deal priced at the top of the Bt32-34 price range. Founded in 1989, the company manufactures gloves on seven sites across the country. It is no surprise that the shares were in demand given the boost the medical glove manufacturers have had thanks to increased demand during the Covid-19 pandemic. Shares in Top Glove, the world&rsquo s largest producer of medical gloves, are up over 50% over the past year and the Malaysian Rubber Gloves Producers Association is expecting market growth of 12% a year. Sri Trang Gloves had profits last year of Bt613m (US$18.9m) on revenues of Bt12bn and intends to use money raised to increase the production of its gloves by 18% and to expand into new markets. For the first three months of the year, revenues leapt 25% to Bt3.8bn thanks to an almost 30% rise in demand for its gloves. &ldquo Based on our forecasts and at the IPO price, Sri Trang trades at a 13% discount with the median of its peer group,&rdquo said Global Equity Research analyst Arun George who publishes on Smartkarma last week. &ldquo Consequently, due to the combination of sound fundamentals and an attractive valuation, we would be inclined to participate in the IPO,&rdquo he added. Finansa Securities and Kasikorn Securities are managing the deal. Sri Trang shares debut on 2 July.
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PQTPQK Supreme	29-Jun-2020 21:16        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	any ideas how is the ipo balloting result ?
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furnaces Veteran	29-Jun-2020 16:45        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Patience. Need to wait for Thai to move. So far Msia gloves surging which led to SG side surge. The counter will move when its time.
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ferarri79 Senior	29-Jun-2020 16:44        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	im trying to say the fall would be steep a79991      ( Date: 29-Jun-2020 16:35) Posted: When BBs want to push there is nothing so called overbought counters.  ferarri79      ( Date: 29-Jun-2020 16:30) Posted: dont forget also, those are overbought counters to
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a79991 Veteran	29-Jun-2020 16:39        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When drop very fast but move up like turtle!  hokpin      ( Date: 29-Jun-2020 16:36) Posted: Fully agree. This counter is really slow like a turtle! a79991      ( Date: 29-Jun-2020 16:23) Posted: Wrote so good about the company also no use, all the gloves companies up except this one.
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hokpin Supreme	29-Jun-2020 16:36        hokpin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fully agree. This counter is really slow like a turtle! a79991      ( Date: 29-Jun-2020 16:23) Posted: Wrote so good about the company also no use, all the gloves companies up except this one.  ghetto      ( Date: 29-Jun-2020 15:37) Posted: Thailand: Sri Trang Gloves prices Bt15bn IPO at top The world&rsquo s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to raise Bt14.9bn (US$485.3m). The deal priced at the top of the Bt32-34 price range. Founded in 1989, the company manufactures gloves on seven sites across the country. It is no surprise that the shares were in demand given the boost the medical glove manufacturers have had thanks to increased demand during the Covid-19 pandemic. Shares in  Top Glove, the world&rsquo s largest producer of medical gloves, are up over 50% over the past year and the  Malaysian Rubber Gloves Producers Association  is expecting market growth of 12% a year. Sri Trang Gloves had profits last year of Bt613m (US$18.9m) on revenues of Bt12bn and intends to use money raised to increase the production of its gloves by 18% and to expand into new markets. For the first three months of the year, revenues leapt 25% to Bt3.8bn thanks to an almost 30% rise in demand for its gloves. &ldquo Based on our forecasts and at the IPO price, Sri Trang trades at a 13% discount with the median of its peer group,&rdquo said  Global Equity Research analyst Arun George  who publishes on Smartkarma last week. &ldquo Consequently, due to the combination of sound fundamentals and an attractive valuation, we would be inclined to participate in the IPO,&rdquo he added. Finansa Securities and Kasikorn Securities are managing the deal. Sri Trang shares debut on 2 July.
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a79991 Veteran	29-Jun-2020 16:35        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When BBs want to push there is nothing so called overbought counters.  ferarri79      ( Date: 29-Jun-2020 16:30) Posted: dont forget also, those are overbought counters too a79991      ( Date: 29-Jun-2020 16:28) Posted: Forget about this company dead turtle!!! Buy into other glove co like Riverstone, HG and Top glove better price appreciation
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ferarri79 Senior	29-Jun-2020 16:30        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	dont forget also, those are overbought counters too a79991      ( Date: 29-Jun-2020 16:28) Posted: Forget about this company dead turtle!!! Buy into other glove co like Riverstone, HG and Top glove better price appreciation  a79991      ( Date: 29-Jun-2020 16:23) Posted: Wrote so good about the company also no use, all the gloves companies up except this one.
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_newbird_ Member	29-Jun-2020 16:29        _newbird_ About Contact  Quote this Post!
x 0   x 0  Alert Admin	patience
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a79991 Veteran	29-Jun-2020 16:28        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forget about this company dead turtle!!! Buy into other glove co like Riverstone, HG and Top glove better price appreciation  a79991      ( Date: 29-Jun-2020 16:23) Posted: Wrote so good about the company also no use, all the gloves companies up except this one.  ghetto      ( Date: 29-Jun-2020 15:37) Posted: Thailand: Sri Trang Gloves prices Bt15bn IPO at top The world&rsquo s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to raise Bt14.9bn (US$485.3m). The deal priced at the top of the Bt32-34 price range. Founded in 1989, the company manufactures gloves on seven sites across the country. It is no surprise that the shares were in demand given the boost the medical glove manufacturers have had thanks to increased demand during the Covid-19 pandemic. Shares in  Top Glove, the world&rsquo s largest producer of medical gloves, are up over 50% over the past year and the  Malaysian Rubber Gloves Producers Association  is expecting market growth of 12% a year. Sri Trang Gloves had profits last year of Bt613m (US$18.9m) on revenues of Bt12bn and intends to use money raised to increase the production of its gloves by 18% and to expand into new markets. For the first three months of the year, revenues leapt 25% to Bt3.8bn thanks to an almost 30% rise in demand for its gloves. &ldquo Based on our forecasts and at the IPO price, Sri Trang trades at a 13% discount with the median of its peer group,&rdquo said  Global Equity Research analyst Arun George  who publishes on Smartkarma last week. &ldquo Consequently, due to the combination of sound fundamentals and an attractive valuation, we would be inclined to participate in the IPO,&rdquo he added. Finansa Securities and Kasikorn Securities are managing the deal. Sri Trang shares debut on 2 July.
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a79991 Veteran	29-Jun-2020 16:23        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wrote so good about the company also no use, all the gloves companies up except this one.  ghetto      ( Date: 29-Jun-2020 15:37) Posted: Thailand: Sri Trang Gloves prices Bt15bn IPO at top The world&rsquo s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to raise Bt14.9bn (US$485.3m). The deal priced at the top of the Bt32-34 price range. Founded in 1989, the company manufactures gloves on seven sites across the country. It is no surprise that the shares were in demand given the boost the medical glove manufacturers have had thanks to increased demand during the Covid-19 pandemic. Shares in  Top Glove, the world&rsquo s largest producer of medical gloves, are up over 50% over the past year and the  Malaysian Rubber Gloves Producers Association  is expecting market growth of 12% a year. Sri Trang Gloves had profits last year of Bt613m (US$18.9m) on revenues of Bt12bn and intends to use money raised to increase the production of its gloves by 18% and to expand into new markets. For the first three months of the year, revenues leapt 25% to Bt3.8bn thanks to an almost 30% rise in demand for its gloves. &ldquo Based on our forecasts and at the IPO price, Sri Trang trades at a 13% discount with the median of its peer group,&rdquo said  Global Equity Research analyst Arun George  who publishes on Smartkarma last week. &ldquo Consequently, due to the combination of sound fundamentals and an attractive valuation, we would be inclined to participate in the IPO,&rdquo he added. Finansa Securities and Kasikorn Securities are managing the deal. Sri Trang shares debut on 2 July.
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ghetto Master	29-Jun-2020 15:37        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Thailand: Sri Trang Gloves prices Bt15bn IPO at top The world&rsquo s third-largest medical glove manufacturer has sold 438 million shares, or a 30% share in the company, to raise Bt14.9bn (US$485.3m). The deal priced at the top of the Bt32-34 price range. Founded in 1989, the company manufactures gloves on seven sites across the country. It is no surprise that the shares were in demand given the boost the medical glove manufacturers have had thanks to increased demand during the Covid-19 pandemic. Shares in  Top Glove, the world&rsquo s largest producer of medical gloves, are up over 50% over the past year and the  Malaysian Rubber Gloves Producers Association  is expecting market growth of 12% a year. Sri Trang Gloves had profits last year of Bt613m (US$18.9m) on revenues of Bt12bn and intends to use money raised to increase the production of its gloves by 18% and to expand into new markets. For the first three months of the year, revenues leapt 25% to Bt3.8bn thanks to an almost 30% rise in demand for its gloves. &ldquo Based on our forecasts and at the IPO price, Sri Trang trades at a 13% discount with the median of its peer group,&rdquo said  Global Equity Research analyst Arun George  who publishes on Smartkarma last week. &ldquo Consequently, due to the combination of sound fundamentals and an attractive valuation, we would be inclined to participate in the IPO,&rdquo he added. Finansa Securities and Kasikorn Securities are managing the deal. Sri Trang shares debut on 2 July.
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