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Thai Sri Trang sets IPO price at S$1.20
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a79991
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25-Jun-2020 15:49
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3 gloves co all green except this one RED. After AGM this one dropped all the way.... | ||||
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ferarri79
Senior |
25-Jun-2020 13:53
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Thanks master yuan | ||||
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SgYuan
Supreme |
25-Jun-2020 13:45
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w4 break down 132
next support fib 61.8% 122 |
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Timer78
Veteran |
25-Jun-2020 13:43
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The IPO period will be between June 23 to 25 and the company plans to sell 438.78 million shares, priced at 34 baht each.
Probably will know maybe tomorrow i reckon. I will be very surprised if there is no interest.
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ghetto
Master |
25-Jun-2020 13:05
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Shared from another glove counter forum. Bodes well from Sri going fwd. From the Edge... SINGAPORE (June 25): As the novel coronavirus (Covid-19) pandemic continues to infect and claim lives, there is no danger of an oversupply of gloves just yet. According to Maybank Investment Bank Research, global demand for gloves is expected to grow 20% in 2020-2021. This would be supply-led as there is insufficient capacity to cater to the sudden jump in demand stemming from Covid-19, the brokerage points out. In contrast, the total capacity growth of the world?s top five biggest glove producers is only expected to grow 16%-19% in 2020-2021, according to Maybank IB. These glove manufacturers are Top Glove Corp, Hartalega Holdings, Kossan Rubber Industries, Supermax Corp and Sri Trang Agro-Industry. Only Malaysia-listed Top Glove and Thai-listed Sri Trang have a secondary listing on the Singapore Exchange. Given the stock replenishment requirement and the long sales lead time into mid-2021, Maybank IB believes the market would only reach equilibrium in 2H21. As such, short-medium term oversupply risk is low, it says. However, there is a risk of oversupply in 2022, warns the brokerage. Maybank IB expects global demand for gloves to grow just 8% in 2022, lagging the total capacity growth of the ?Big 5? of 12%. Still, the brokerage believes the new capacity could be absorbed by the local China market as the country needs to replace some of its vinyl gloves consumption with nitrile gloves. ?Moreover, given that the margins of the China glove-makers are not superior to that of Malaysia?s glove-makers, we believe the average selling price pressure from the China peers may not be excessive in an oversupply situation,? Maybank IB analyst Lee Yen Ling writes in a note June 24 |
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cookiemonster
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25-Jun-2020 11:50
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vested at 1.13 so no pi po pi po just anxious to see it fly but haven' t fly yet the day will come in the next 2 months i believe 
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Tartbreaker
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25-Jun-2020 10:54
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Sri Trang 1.27, UG health 1.03? Haha.. wait for it | ||||
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LilSpark
Member |
25-Jun-2020 10:47
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Yes I was a bit bummed that it?s not moving as fast as some of the glovers.. But just went to look at their past reports again and read up on news. I have confidence! Acc more during today?s dip. Holding tight.. | ||||
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ghetto
Master |
25-Jun-2020 10:35
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Nicely put. Its just that the nice and humble Thais do not know know to show and play it big at the AGM 2 days ago. Very humble the Thais are...
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karthik1981
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25-Jun-2020 10:34
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Totally agree!
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PQTPQK
Supreme |
25-Jun-2020 10:34
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when the result will be out ?
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Timer78
Veteran |
25-Jun-2020 10:21
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Despite all naysayers, once we know how oversubscribed the ipo is, interest will be revived and the engine will jumpstart. To all vested, belief is key. Dont be swayed by the big fonts, you are investing into a profitable company and with earning visibility both upstream and downstream. Hold to Huat! | ||||
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SgYuan
Supreme |
25-Jun-2020 08:20
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u mean affected by dow
- not much it has it own flow
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Greenpig
Senior |
25-Jun-2020 07:40
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Master yean.. how you see today for all glove stock? | ||||
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nott1965
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24-Jun-2020 20:47
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Why is director himself selling. Is it too expensive now? https://links.sgx.com/FileOpen/Report_of_changes_in_securities_holding_in_STA_Mr%20Vitchaphol_Sell_23Jun20_reporting_on_24Jun20.ashx?App=Announcement& FileID=620480 | ||||
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Jeanny
Member |
24-Jun-2020 18:52
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Will be great if price can move up like eDev. | ||||
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Timer78
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24-Jun-2020 17:49
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So happy to see lost interest here. Sell more so can accumulate on the cheap. | ||||
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a79991
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24-Jun-2020 17:47
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Hahahaha!!!
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7ocean
Master |
24-Jun-2020 17:02
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you better don' t see... your heart can' t take it....if not Pi po Pi Po on the way
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cookiemonster
Member |
24-Jun-2020 16:49
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no eye see... | ||||
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