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Glove counter with more than 261 pc upside! Post Reply Rate topic
small_cap Member	14-Aug-2020 10:01        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	Scooping up more today at 1.2 - 1.21 Should have bought more yesterday
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ghetto Master	14-Aug-2020 10:00        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	All other glove counters going down. So now its for Sri to do the opposite which it always does.
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patient168 Senior	14-Aug-2020 09:58        patient168 About Contact  Quote this Post!   Yells: "patience is the key to winning"
x 0   x 0  Alert Admin	Let have a fresh luck for STA from today onward  3dw1nchu4      ( Date: 14-Aug-2020 09:52) Posted: Longtermer      ( Date: 14-Aug-2020 09:51) Posted: Haha, just like play majong, change pattern and thread then STA will shoot up is it? Hope all also huat here as STA being the most lagging glove counter. Results will be the trigger and its just hours away.. For those who bought long ago, dun be dishearten. The time is Near..  Cheers!
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3dw1nchu4 Veteran	14-Aug-2020 09:56        3dw1nchu4 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Aim for $1.40 before market close today! Can we get a hell yeah?!
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3dw1nchu4 Veteran	14-Aug-2020 09:52        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Longtermer      ( Date: 14-Aug-2020 09:51) Posted: Haha, just like play majong, change pattern and thread then STA will shoot up is it? Hope all also huat here as STA being the most lagging glove counter. Results will be the trigger and its just hours away.. For those who bought long ago, dun be dishearten. The time is Near..  Cheers!
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wait4opp Master	14-Aug-2020 09:52        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Together We United........Stand up togather and push up the price...... 大 家 一 起 顶 起 来 ！
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Longtermer Elite	14-Aug-2020 09:51        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 1   x 0  Alert Admin	Haha, just like play majong, change pattern and thread then STA will shoot up is it? Hope all also huat here as STA being the most lagging glove counter. Results will be the trigger and its just hours away.. For those who bought long ago, dun be dishearten. The time is Near..  Cheers!
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tangoanna Master	14-Aug-2020 09:50        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sri Trang Agro (STA.BK) An Inexpensive Proxy to the World& rsquo s Third Largest Glove-maker Sri Trang Agro: TP raised to Bt71.00 (from Bt39.80), mainly on higher valuation for STA& rsquo s 56%-owned Sri Trang Gloves (STGT), reaffirm Buy. We revise our ASP assumptions for STGT at the STA level, FY20-22E earnings are raised by 50-136%. Our SOTP-derived TP is raised to Bt71.00. We value the midstream division at an unchanged 5x CY21E. The bulk of STA& rsquo s TP is still derived from STGT as such we ascribe a higher hold co discount of 30% (previously: 10%) as the muted outlook at STA& rsquo s midstream may see investors preferring to take a direct exposure via STGT. Bull Case: Bt88 Base Case: Bt71 Bear Case: Bt22.1 https://wetransfer.com/downloads/250351d73f8f03fde7ce5e6dec4e027620200813124645/52f278 3dw1nchu4      ( Date: 14-Aug-2020 09:37) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world& rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to  Bt71.00 (from Bt39.80), or the equivalent of S$3.14.    Citi said this is mainly on higher valuation for Sri Trang Agro& rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents).  Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents).  Citi said the bulk of Sri Trang Agro& rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company& rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves. http://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13707-sri-trang-agro-citi-says-it-s-inexpensive-proxy-to-world-s-3rd-largest-glove-maker
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dealornotdeal Member	14-Aug-2020 09:49        dealornotdeal About Contact  Quote this Post!
x 0   x 0  Alert Admin	huat huat! time to catch up the rest of its glove peers!!
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guards80 Supreme	14-Aug-2020 09:49        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so many broker house target price above $1.80 should be good. think they go sri trang get some information liaoz
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Greenpig Senior	14-Aug-2020 09:47        Greenpig About Contact  Quote this Post!
x 0   x 0  Alert Admin	Past .. always around 8 to 10pm 3dw1nchu4      ( Date: 14-Aug-2020 09:46) Posted: Results should be out this evening after market close, don' t miss the boat!
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3dw1nchu4 Veteran	14-Aug-2020 09:46        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Results should be out this evening after market close, don' t miss the boat!
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guards80 Supreme	14-Aug-2020 09:37        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes use this new thread nicer and huat more :) 3dw1nchu4      ( Date: 14-Aug-2020 09:37) Posted: SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world& rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to  Bt71.00 (from Bt39.80), or the equivalent of S$3.14.    Citi said this is mainly on higher valuation for Sri Trang Agro& rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents).  Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents).  Citi said the bulk of Sri Trang Agro& rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company& rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves. http://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13707-sri-trang-agro-citi-says-it-s-inexpensive-proxy-to-world-s-3rd-largest-glove-maker
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3dw1nchu4 Veteran	14-Aug-2020 09:37        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SRI TRANG AGRO: Target price raised to 71 baht (S$3.14) by Citi Research A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers. " Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption." Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing. " The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view." On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro. Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business. Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing. In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves. Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world& rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year. Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange. The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to  Bt71.00 (from Bt39.80), or the equivalent of S$3.14.    Citi said this is mainly on higher valuation for Sri Trang Agro& rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%. Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents).  Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents).  Citi said the bulk of Sri Trang Agro& rsquo s TP is still derived from Sri Trang Gloves. Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company& rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves. http://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13707-sri-trang-agro-citi-says-it-s-inexpensive-proxy-to-world-s-3rd-largest-glove-maker
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