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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
Timer78 Veteran	26-Jun-2020 18:14        Timer78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This will lead the way!
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stlimst Master	26-Jun-2020 18:03        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	Support Fluffyclouds, bought a little @1.28c closing for investment to ride out the IPO of their glove subsidiary and also the longer term view of STA strong rubber and glove business. Agreed, this one is seriously undervalue - looks like being supressed artificially. I am quite confident in STA, let' s see how this turns out. ghetto      ( Date: 26-Jun-2020 17:20) Posted: It close exactly at 1.28. Fluffyclouds      ( Date: 26-Jun-2020 14:54) Posted: Closing need be above 1.28$
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ghetto Master	26-Jun-2020 17:20        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	It close exactly at 1.28. Fluffyclouds      ( Date: 26-Jun-2020 14:54) Posted: Closing need be above 1.28$
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ferarri79 Senior	26-Jun-2020 17:16        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Loaded up again
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furnaces Veteran	26-Jun-2020 16:57        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t think what I say here got any effect bah. Haha but this one is massively undervalued compared to peers. donnycheh      ( Date: 26-Jun-2020 16:05) Posted: Wow many thanks to your post! the price went back to $1.30. lol   furnaces      ( Date: 26-Jun-2020 15:41) Posted: World Third Largest Glove Maker is Massively Undervalued Sri Trang Agro has spun-off its Glove unit and the new IPO will begin trading next Thursday. With this IPO Sri Trang Agro will reduce its stake in its Glove unit from 73% to 50.7% raising 14.9billion baht or about S$671m. This means that at IPO price of 34 baht, Sri Trang Glove will be valued at around 66.81b baht or S$3b. For the world&rsquo s third largest glove maker with an annual production capacity of 32.6b, a valuation of $3b represents a massive discount to its peers. Top Glove and Hartalega still command market capitalisation of S$13.2b and S$13.18b respectively even after recent price retracement. How to make note of next week Glove unit IPO? At S$1.28, Sri Trang Agro is trading at market capitalisation of S$1.966b. At IPO price of 34 baht Sri Trang Agro&rsquo s 50.7% stake in its glove unit will be valued at S$1.521b. In addition, it will receive proceeds of S$671m from the IPO. Just these 2 parts alone is worth $2.192b and already exceed its current market capitalisation. We have not even include is main rubber business. Will the IPO only open at 34 baht? As I have mentioned earlier, the IPO valuation is only around S$3b which is a massive discount to its peers. For a conservative estimate, I would expect the trading price to be at least 50% higher next week, which will bring the market capitalization of the glove unit to S$4.5b. This means that Sri Trang Agro stake in the glove unit will be valued at S$2.28b. If I take only into account my estimated glove unit valuation and cash received from next week IPO, total worth should be S$2.951b. Translate it to per share, the value is S$1.92. And this is excluding its main rubber business. I skip the rubber business because I do not have a basis on how to value it accurately. Next week Sri Trang Glove IPO should unlock the value of STA assets and expect the price to shoot up after IPO given the degree of under-valuation to its peers.
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ghetto Master	26-Jun-2020 16:55        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Better cover.
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a79991 Veteran	26-Jun-2020 16:53        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks more like short covering ghetto      ( Date: 26-Jun-2020 16:49) Posted: Those who wants to join in the dance, better load now...Last call
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ghetto Master	26-Jun-2020 16:49        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Those who wants to join in the dance, better load now...Last call
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ghetto Master	26-Jun-2020 16:46        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	It needs some bells and whistles for Sri to dance... Come on, its time to move up!
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Fluffyclouds Master	26-Jun-2020 16:12        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	It was suppose to launch like tesla already haha. Then the USA statement come in. @_@ This counter 101% in my opinion can one la. hokpin      ( Date: 26-Jun-2020 16:10) Posted: I hope next week this counter can start picking up. This cournter is too slow compared with other glove counter. UG Price is really sky-rocketting but in term of capacity, it is totally not comparable with Sri Trang Agro! Fluffyclouds      ( Date: 26-Jun-2020 15:44) Posted: The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares  are expected to make their debut on the local stock market on July 2. " The shares got a very warm welcome from local funds and foreign investors as they realized that demand for medical gloves tends to rise substantially higher due to the pandemic," said Passakorn Linmaneechote, managing director of Kasikorn Securities, one of the underwriters for the deal which sold roughly 31% of the company. 32baht = $SGD 1.44 34baht = $SGD 1.53 Also, Thailand bank interest rate is currently low. Despite economy downturn people are still investing in this. Cant wait for July to August 2020 period. Like others, i was hoping the IPO date to launch like a rocket, well it did for a moment but it drop back because of " trade deal with china was over" statement was issued out by USA but ended up retracted back their statement. It impacted the whole investor causing a scare. Sit tight and relax!
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Fluffyclouds Master	26-Jun-2020 16:11        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 1   x 0  Alert Admin	Warming up my car already, 3 more working days can eat big feast. :B July 2nd guys... hahaha
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hokpin Supreme	26-Jun-2020 16:10        hokpin About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hope next week this counter can start picking up. This cournter is too slow compared with other glove counter. UG Price is really sky-rocketting but in term of capacity, it is totally not comparable with Sri Trang Agro! Fluffyclouds      ( Date: 26-Jun-2020 15:44) Posted: The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares  are expected to make their debut on the local stock market on July 2. " The shares got a very warm welcome from local funds and foreign investors as they realized that demand for medical gloves tends to rise substantially higher due to the pandemic," said Passakorn Linmaneechote, managing director of Kasikorn Securities, one of the underwriters for the deal which sold roughly 31% of the company. 32baht = $SGD 1.44 34baht = $SGD 1.53 Also, Thailand bank interest rate is currently low. Despite economy downturn people are still investing in this. Cant wait for July to August 2020 period. Like others, i was hoping the IPO date to launch like a rocket, well it did for a moment but it drop back because of " trade deal with china was over" statement was issued out by USA but ended up retracted back their statement. It impacted the whole investor causing a scare. Sit tight and relax!
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ghetto Master	26-Jun-2020 16:09        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Interest is slowly picking up...
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furnaces Veteran	26-Jun-2020 16:08        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup thats mine. Hehe, waiting for IPO next week. hokpin      ( Date: 26-Jun-2020 16:06) Posted: It is your analysis?I hope so it could pick up soon!  furnaces      ( Date: 26-Jun-2020 15:41) Posted: World Third Largest Glove Maker is Massively Undervalued Sri Trang Agro has spun-off its Glove unit and the new IPO will begin trading next Thursday. With this IPO Sri Trang Agro will reduce its stake in its Glove unit from 73% to 50.7% raising 14.9billion baht or about S$671m. This means that at IPO price of 34 baht, Sri Trang Glove will be valued at around 66.81b baht or S$3b. For the world&rsquo s third largest glove maker with an annual production capacity of 32.6b, a valuation of $3b represents a massive discount to its peers. Top Glove and Hartalega still command market capitalisation of S$13.2b and S$13.18b respectively even after recent price retracement. How to make note of next week Glove unit IPO? At S$1.28, Sri Trang Agro is trading at market capitalisation of S$1.966b. At IPO price of 34 baht Sri Trang Agro&rsquo s 50.7% stake in its glove unit will be valued at S$1.521b. In addition, it will receive proceeds of S$671m from the IPO. Just these 2 parts alone is worth $2.192b and already exceed its current market capitalisation. We have not even include is main rubber business. Will the IPO only open at 34 baht? As I have mentioned earlier, the IPO valuation is only around S$3b which is a massive discount to its peers. For a conservative estimate, I would expect the trading price to be at least 50% higher next week, which will bring the market capitalization of the glove unit to S$4.5b. This means that Sri Trang Agro stake in the glove unit will be valued at S$2.28b. If I take only into account my estimated glove unit valuation and cash received from next week IPO, total worth should be S$2.951b. Translate it to per share, the value is S$1.92. And this is excluding its main rubber business. I skip the rubber business because I do not have a basis on how to value it accurately. Next week Sri Trang Glove IPO should unlock the value of STA assets and expect the price to shoot up after IPO given the degree of under-valuation to its peers.
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hotelgrand Master	26-Jun-2020 16:07        hotelgrand About Contact  Quote this Post!
x 0   x 0  Alert Admin	good for shorting
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hokpin Supreme	26-Jun-2020 16:06        hokpin About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is your analysis?I hope so it could pick up soon!  furnaces      ( Date: 26-Jun-2020 15:41) Posted: World Third Largest Glove Maker is Massively Undervalued Sri Trang Agro has spun-off its Glove unit and the new IPO will begin trading next Thursday. With this IPO Sri Trang Agro will reduce its stake in its Glove unit from 73% to 50.7% raising 14.9billion baht or about S$671m. This means that at IPO price of 34 baht, Sri Trang Glove will be valued at around 66.81b baht or S$3b. For the world&rsquo s third largest glove maker with an annual production capacity of 32.6b, a valuation of $3b represents a massive discount to its peers. Top Glove and Hartalega still command market capitalisation of S$13.2b and S$13.18b respectively even after recent price retracement. How to make note of next week Glove unit IPO? At S$1.28, Sri Trang Agro is trading at market capitalisation of S$1.966b. At IPO price of 34 baht Sri Trang Agro&rsquo s 50.7% stake in its glove unit will be valued at S$1.521b. In addition, it will receive proceeds of S$671m from the IPO. Just these 2 parts alone is worth $2.192b and already exceed its current market capitalisation. We have not even include is main rubber business. Will the IPO only open at 34 baht? As I have mentioned earlier, the IPO valuation is only around S$3b which is a massive discount to its peers. For a conservative estimate, I would expect the trading price to be at least 50% higher next week, which will bring the market capitalization of the glove unit to S$4.5b. This means that Sri Trang Agro stake in the glove unit will be valued at S$2.28b. If I take only into account my estimated glove unit valuation and cash received from next week IPO, total worth should be S$2.951b. Translate it to per share, the value is S$1.92. And this is excluding its main rubber business. I skip the rubber business because I do not have a basis on how to value it accurately. Next week Sri Trang Glove IPO should unlock the value of STA assets and expect the price to shoot up after IPO given the degree of under-valuation to its peers.
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donnycheh Member	26-Jun-2020 16:05        donnycheh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow many thanks to your post! the price went back to $1.30. lol   furnaces      ( Date: 26-Jun-2020 15:41) Posted: World Third Largest Glove Maker is Massively Undervalued Sri Trang Agro has spun-off its Glove unit and the new IPO will begin trading next Thursday. With this IPO Sri Trang Agro will reduce its stake in its Glove unit from 73% to 50.7% raising 14.9billion baht or about S$671m. This means that at IPO price of 34 baht, Sri Trang Glove will be valued at around 66.81b baht or S$3b. For the world&rsquo s third largest glove maker with an annual production capacity of 32.6b, a valuation of $3b represents a massive discount to its peers. Top Glove and Hartalega still command market capitalisation of S$13.2b and S$13.18b respectively even after recent price retracement. How to make note of next week Glove unit IPO? At S$1.28, Sri Trang Agro is trading at market capitalisation of S$1.966b. At IPO price of 34 baht Sri Trang Agro&rsquo s 50.7% stake in its glove unit will be valued at S$1.521b. In addition, it will receive proceeds of S$671m from the IPO. Just these 2 parts alone is worth $2.192b and already exceed its current market capitalisation. We have not even include is main rubber business. Will the IPO only open at 34 baht? As I have mentioned earlier, the IPO valuation is only around S$3b which is a massive discount to its peers. For a conservative estimate, I would expect the trading price to be at least 50% higher next week, which will bring the market capitalization of the glove unit to S$4.5b. This means that Sri Trang Agro stake in the glove unit will be valued at S$2.28b. If I take only into account my estimated glove unit valuation and cash received from next week IPO, total worth should be S$2.951b. Translate it to per share, the value is S$1.92. And this is excluding its main rubber business. I skip the rubber business because I do not have a basis on how to value it accurately. Next week Sri Trang Glove IPO should unlock the value of STA assets and expect the price to shoot up after IPO given the degree of under-valuation to its peers.
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ferarri79 Senior	26-Jun-2020 16:05        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tis counter very low vol , plus thai side had been down tis week
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a79991 Veteran	26-Jun-2020 15:59        a79991 About Contact  Quote this Post!
x 1   x 0  Alert Admin	This counter very easy to push up or down just need 100lots you can move the counter at least 8-10 quote
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furnaces Veteran	26-Jun-2020 15:56        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t worry, I believe STA price will take off upon glove unit IPO next week. Need to have a little faith. Fluffyclouds      ( Date: 26-Jun-2020 15:44) Posted: The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares  are expected to make their debut on the local stock market on July 2. " The shares got a very warm welcome from local funds and foreign investors as they realized that demand for medical gloves tends to rise substantially higher due to the pandemic," said Passakorn Linmaneechote, managing director of Kasikorn Securities, one of the underwriters for the deal which sold roughly 31% of the company. 32baht = $SGD 1.44 34baht = $SGD 1.53 Also, Thailand bank interest rate is currently low. Despite economy downturn people are still investing in this. Cant wait for July to August 2020 period. Like others, i was hoping the IPO date to launch like a rocket, well it did for a moment but it drop back because of " trade deal with china was over" statement was issued out by USA but ended up retracted back their statement. It impacted the whole investor causing a scare. Sit tight and relax!
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