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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
ghetto Master	03-Jun-2020 13:14        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Excerpt below Nikkei Asia Review The Malaysian Rubber Glove Manufacturers Association earlier forecast  global glove demand to rise by 12%, to 300 billion pieces this year. Officials now expect  demand to rise further  as the pandemic continues to create need among hospital  workers around the world.  Founded in 1989, Sri Trang Gloves has seven facilities in Thailand, producing latex gloves, latex powdered gloves and nitrile gloves. Most of its products are for medical use and are exported to 130 countries across the world. The company posted total revenue of 12 billion baht ($370 million) in 2019, up 10% from the previous year, with a net profit of 613 million baht.    (Imagine for 2020 revenue?) Sri Trang Gloves is a subsidiary of Thai-listed Sri Trang Agro-Industry, the world' s leading fully integrated natural rubber group. After the proposed IPO, Sri Trang Agro-Industry will remain the major shareholder of Sri Trang Gloves, holding a 50.7% stake.Sri Trang Gloves says this means it will have ample supply of natural rubber latex at competitive prices, since Sri Trang Agro-Industry owns approximately 7,200 hectares of rubber plantations in 19 provinces in Thailand -- the world' s biggest rubber producing country.
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LowLow12 Elite	03-Jun-2020 13:12        LowLow12 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If there are any shorts they will be covering across all the gloves stocks soon The upturn led by TOP glove may be powerful Chiong ar Fatt Fatt
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LowLow12 Elite	03-Jun-2020 13:09        LowLow12 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The reason for the plunge yesterday is because Malaysia brokerages clamped margin on the TOP gloves and companies So those who on heavy margin leverage must either TOP up more cash or sell off immediately to regulate their margin Once the margin regularise and already buyers are taking over , the prices of all the gloves will climb back up again and regain normal I expect it to climb back 13x Anyway Thai is trading 122, so the buffer is already the support
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ghetto Master	03-Jun-2020 13:08        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Riverstone is coming right back, all glove makers got hit this morning for some to grab at that price. Share market is very manipulative.
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Jdjd123 Member	03-Jun-2020 12:58        Jdjd123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Personally, this is a multi year hold for me. Plenty of catching up to do with Top Glove etc. This has much more room for growth with their Sri Trang Glove IPO. Next few quarters will reflect the spike in demand which is overwhelming.  https://asia.nikkei.com/Business/Health-Care/Top-Thai-medical-gloves-maker-files-IPO-as-pandemic-spurs-demand
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LowLow12 Elite	03-Jun-2020 12:57        LowLow12 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thai $1.22  0.995 how I wish I can get too.  a sudden rebound is imminent for TOP glove and the rest of glove stocks soon  sudden swing up meanwhile got funds just average or buy  this is good for the year still
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Fluffyclouds Master	03-Jun-2020 12:32        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Anyway, during this downturn, the upper hand is definitely on the Sri Trang. 1) Oil price down 2) Market strong for glove -> Strong negotiation with supplier, economical of scale. 3) People realisation of importance of mask and gloves from getting infected. 4) What a best way to expand when market is bearish. Just nice to settle down once the dust is cleared for bullish. I also feel once the IPO come in and after all the price correction, we will see a better price presentation.
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ninervictor Senior	03-Jun-2020 12:31        ninervictor About Contact  Quote this Post!
x 0   x 0  Alert Admin	I try queuing at 0.995 Gknight      ( Date: 03-Jun-2020 12:29) Posted: maybe tmr u can collect at 100 LowLow12      ( Date: 03-Jun-2020 12:26) Posted: Managed to get somemore done at below 120. Wa Good deal Collect collect
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Gknight Senior	03-Jun-2020 12:29        Gknight About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe tmr u can collect at 100 LowLow12      ( Date: 03-Jun-2020 12:26) Posted: Managed to get somemore done at below 120. Wa Good deal Collect collect
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LowLow12 Elite	03-Jun-2020 12:26        LowLow12 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Managed to get somemore done at below 120. Wa Good deal Collect collect
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Fluffyclouds Master	03-Jun-2020 12:15        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Dont matter about the lots. As long got people trading can le la. Else dead stock eh. According to SGX, " The standard board lot size is 100 units"   (Though for me i feel like 1000 is a better way lol) ghetto      ( Date: 03-Jun-2020 11:35) Posted: 1 lot is 1000 shares not_me      ( Date: 03-Jun-2020 11:26) Posted: @dorminique05 I bought 20lots if 1lot is 100
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ghetto Master	03-Jun-2020 12:04        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	If conditions are still favourable, during IPO later this year, believe they will push this up.
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ghetto Master	03-Jun-2020 11:56        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Yesterday numbers provided by someone.  Fluffyclouds      ( Date: 02-Jun-2020 15:30) Posted: 6.3 Billion pcs sold in first quarter 2020. -------------------------------------------------------- Breakdown of Sales Volume :- Europe : 19% North America 15% South America 13% China 12% Thailand 12% India 5% Balance of Asia : 16% Middle East : 4% Africa : 4% Oceania : 1% Exporting to 140 Countries out of 195 countries ---------------------------------------------------------------------------------- IPO Expected to be completed by 3rd Quarter 2020. IPO uses for : 1) Business Expansion and/or 2) Business repayment of loans and/or 3) Working capital for business How it affect shareholders? (Indirectly) 1) Reflecting share value with added value from manufacturing and distribution for medical and industrial purposes. ------------------------------------------------------------------------------------------------------------------------------------------------------------ Sri Trang Agro have Upstream, Midstream & Downstream operations. 3rd BIGGEST  in the glove market manufacturer. Currently production output is 33 Billion (2020), upon completion of expansion Phase 1 :   50 Billion (2024) Phase 2 : 70 Billion (2028) Phase 3 : 100 Billion (2032)
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ghetto Master	03-Jun-2020 11:53        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	LowLow12           ( Date: 01-Jun-2020 17:25) Posted:    Alan, the ranking should be like this in terms of capacity  TOP gloves 55 bil $6.35 Malaysia  Sri Trang 33 bil $1.43 Thailand  Riverstone 11 bil $2.41Malaysia  UG 1.2 bil $0.655 Malaysia  Just because it?s from Thailand so their valuation should be lower? It can?t be like this.  Once Sri Trang IPO in july , the Thais will push up the Sri Trang glove ipo and both mother Sri Trang and daughter Sri Trang Glove market cap will soar like crazy  Market will be able to value Sri Trang properly.  Based on the capacity and pricing above, minimum Sri Trang should also be $4  You tell me $1.43 cheap or expensive? You judge  It?s your money
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ferarri79 Senior	03-Jun-2020 11:48        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	do note theres a price spike of 2-3 times from below 1 to current price if i dont recall wrongly. and the upcoming ipo is for the glove comp, this is like the parent company if not wrong AaaMmm      ( Date: 03-Jun-2020 11:45) Posted: Why sri trang cannot sustain much compare to UG. When rise, it rise slower than UG. When drop, it drops more than UG
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AaaMmm Member	03-Jun-2020 11:45        AaaMmm About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why sri trang cannot sustain much compare to UG. When rise, it rise slower than UG. When drop, it drops more than UG
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ghetto Master	03-Jun-2020 11:35        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	1 lot is 1000 shares not_me      ( Date: 03-Jun-2020 11:26) Posted: @dorminique05 I bought 20lots if 1lot is 100
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ferarri79 Senior	03-Jun-2020 11:28        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks, i rem theres a spike from below 1 to 1 plus but didnt know the support  Gknight      ( Date: 03-Jun-2020 11:22) Posted: support level less than $1 i think...have to see today closing price and tmr open price ferarri79      ( Date: 03-Jun-2020 11:19) Posted: thanks master yuan, wats the next support level
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not_me Member	03-Jun-2020 11:26        not_me About Contact  Quote this Post!
x 0   x 0  Alert Admin	@dorminique05 I bought 20lots if 1lot is 100
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Gknight Senior	03-Jun-2020 11:22        Gknight About Contact  Quote this Post!
x 0   x 0  Alert Admin	support level less than $1 i think...have to see today closing price and tmr open price ferarri79      ( Date: 03-Jun-2020 11:19) Posted: thanks master yuan, wats the next support level? SgYuan      ( Date: 03-Jun-2020 11:16) Posted: px break w2 137 support up waves end lao now in wabc
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