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Thai Sri Trang sets IPO price at S$1.20
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Fluffyclouds
Master |
02-Jun-2020 15:30
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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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rexaze
Member |
02-Jun-2020 12:40
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its only a small amount hence can still afford to laugh. then again i dont quite understand why it plunge down cz i still see lots of loadings, due to shorties?
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ferarri79
Senior |
02-Jun-2020 11:54
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this had been range bound, dont tink wil take u long | ||||
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Dango95
Member |
02-Jun-2020 11:50
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I feel you man, bought in at 1.46 then suddenly see it crashing down. Looks like need to hold on for quite some time already
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sncm3425
Senior |
02-Jun-2020 11:45
Yells: "Greed is foolish" |
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It's neither going up or down now. Might catch up in the afternoon 😉
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rexaze
Member |
02-Jun-2020 11:33
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i bought at this price before it went down. just laughing at myself now
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LowLow12
Elite |
02-Jun-2020 11:03
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Thailand coming up | ||||
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alanllt
Senior |
02-Jun-2020 10:17
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Actually I sell 10 lots this morning at $1.48 but brought back again at $1.38/- Not consider short right ? 😅
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Fluffyclouds
Master |
02-Jun-2020 10:10
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Maintain suggested target price by UOB $1.78. Healthy & rationale. Anything more is a bonus (which we all are kind of expecting) |
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hotelgrand
Master |
02-Jun-2020 10:10
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covered back $1 40..see the buying queue back
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LowLow12
Elite |
02-Jun-2020 10:10
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load load load let the weaker ones clear finish |
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ferarri79
Senior |
02-Jun-2020 10:09
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saw wrongly. was actually refrin to sri thrang
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tofudidi
Supreme |
02-Jun-2020 10:06
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LOADED ! | ||||
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alanllt
Senior |
02-Jun-2020 10:03
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Load another 10 lots @ $1.38/- | ||||
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LowLow12
Elite |
02-Jun-2020 09:48
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its a good flushing Top glove shed the most $1.85 off from top glove and thats painful though Sri Trang shed the least because it also didnt go up the most like them lol :) also got thai side to support today so its fine back to collection mode 138-141 |
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dimebag
Master |
02-Jun-2020 09:48
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Ya correction might be done, might have opportunity to play long again.
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LowLow12
Elite |
02-Jun-2020 09:46
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you know why UG go up so much because bb and traders are playing it because its below $1 It does not worth $1 at all with 1.1 bil gloves, its the tinest glove maker. It will always be a penny level range. Its not sizeable like 10-30bil range kind of players Thats why i know the price will plunge like a rock when Top glove started falling, hence i double shorted. now back to 62 and looks decent though
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Fluffyclouds
Master |
02-Jun-2020 09:45
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Poor chap who bought at $6 plus need to hang on to dear life to make sure that investment atleast come back. Play this counter atleast got reasonable depth to go down. 22% vs 1.4% down. Shake head, still cant see what i am trying to say. @_@
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dimebag
Master |
02-Jun-2020 09:44
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This one didn' t run up like UG and Top Glove so it didn' t crash as scarily. Will have potential after this correction. | ||||
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LowLow12
Elite |
02-Jun-2020 09:44
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140lots queuing to buy 141 fatt fatt chiong |
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