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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
Greenpig Senior	01-Sep-2020 11:48        Greenpig About Contact  Quote this Post!
x 0   x 0  Alert Admin	On 27th August 2020, Sri Trang Agro-Industry Public Company Limited (?STA?) and Sri Trang Gloves (Thailand) Public Company Limited (?STGT?), represented by Ms. Tipwadee Sudwayha, Head of Investor Relations, and Ms. Vannisa Sincharoenkul, Investor Relations, participates in Thailand Focus 2020, which is for the first time organized as a virtual conference, at the Stock Exchange of Thailand. The conference is an opportunity for STA & STGT to meet with foreign and local institutional investors, who have shown great interest, as STA & STGT reported record- breaking financial results for the first six months of the year andis continuing tosee strong growthamid the economic slowdown because of COVID-19.
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small_cap Member	01-Sep-2020 10:44        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow thats really good news limjoeseph      ( Date: 01-Sep-2020 10:42) Posted: Info is available in Bloomberg now: Malaysian employees provident fund who is holding big positions in top n harta Now owns 72,989,700 shares in stgt The bulk was bought after STGT IPO They are now ranked no 3 in shareholding after sta n rubber land Roughly 5% of stgt
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limjoeseph Supreme	01-Sep-2020 10:42        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	Info is available in Bloomberg now: Malaysian employees provident fund who is holding big positions in top n harta Now owns 72,989,700 shares in stgt The bulk was bought after STGT IPO They are now ranked no 3 in shareholding after sta n rubber land Roughly 5% of stgt
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Bintang Elite	01-Sep-2020 10:31        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 1  Alert Admin	Similarly, Sri Trang had on 11 May ( H=$0.595 ) made an advance after its 20MA cut 50MA from below forming a golden cross. From then it continued its rally to the peak at $1.75. Bintang      ( Date: 01-Sep-2020 10:09) Posted: Sri Trang has on 11 Aug (H=$1.36 )formed a dead cross with 50MA cutting over 20MA from above . From then the share prices did not rebound to touch 20MA which is trending down. Bintang      ( Date: 31-Aug-2020 21:49) Posted: Sri Trang tried very hard today making a technical correction , but it was a weak rebound . Even 10EMA  it could not get over . Weekly MACD already showed its weakness . Monthly closing formed a bearish engulfing pattern after last month a spinning top formation . Unless it could make a strong bullish engulfing pattern , its trend may remain in this level
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Superfast Supreme	01-Sep-2020 10:29        Superfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Accumulate at 112 la.... Wait for gap up 120 !
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tangoanna Master	01-Sep-2020 10:26        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why do you keep camping here with you bearish comments? Please also spend time elsewhere and share your useful analysis for other counters. Bintang      ( Date: 01-Sep-2020 10:09) Posted: Sri Trang has on 11 Aug (H=$1.36 )formed a dead cross with 50MA cutting over 20MA from above . From then the share prices did not rebound to touch 20MA which is trending down. Bintang      ( Date: 31-Aug-2020 21:49) Posted: Sri Trang tried very hard today making a technical correction , but it was a weak rebound . Even 10EMA  it could not get over . Weekly MACD already showed its weakness . Monthly closing formed a bearish engulfing pattern after last month a spinning top formation . Unless it could make a strong bullish engulfing pattern , its trend may remain in this level
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Bintang Elite	01-Sep-2020 10:09        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 1  Alert Admin	Sri Trang has on 11 Aug (H=$1.36 )formed a dead cross with 50MA cutting over 20MA from above . From then the share prices did not rebound to touch 20MA which is trending down. Bintang      ( Date: 31-Aug-2020 21:49) Posted: Sri Trang tried very hard today making a technical correction , but it was a weak rebound . Even 10EMA  it could not get over . Weekly MACD already showed its weakness . Monthly closing formed a bearish engulfing pattern after last month a spinning top formation . Unless it could make a strong bullish engulfing pattern , its trend may remain in this level . Bintang      ( Date: 30-Aug-2020 22:36) Posted: In the best scenario , take other measurement from the second top price at $1.67 , it came all the way down to $1.03 , after that it made a rising wedge ( bearish ) from $1.03 to reach $1.47. It gapped down from $1.37 to reach $1.06 . # $1.37 - ($1.67 - $1.03 ) = $ 0.73  If this is the better target , it is still consider on an uptrend because it is still above 200MA . # Hope all my predictions are failed
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Robbie36 Member	01-Sep-2020 09:52        Robbie36 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I invested in STA during the H1N1 pandemic during 2009/10 (sold way too early). STA showed exactly the same sort of lag relative to Malaysian glove producers then but eventually went up just as high (and stayed up for longer). What you have to remember is that STA' s share price is principally driven by Thai investors and the vast majority of those investors have never hear or followed the likes of Top Glove. The H1N1 pandemic lasted from the beginning of February 2009 until August 10th 2010 when it was declared over by the WHO. Here are some relevent dates with STA price in Bt 01/01/09            Bt1.72 01/09/09 (today)Bt3.50 01/10/10            Bt5.66 01/12/10 (peak) Bt34.3
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tritonyeah666 Elite	01-Sep-2020 09:33        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shortists havent returned to SGX loan counter all their shares yet right?
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albeniz Veteran	01-Sep-2020 09:23        albeniz About Contact  Quote this Post!
x 0   x 0  Alert Admin	They don' t have a choice.  They better run to other counters now before they get deeply fried. BullAllTheWay      ( Date: 01-Sep-2020 09:20) Posted: Shorties. Can please go other counters? Sgvale      ( Date: 01-Sep-2020 08:51) Posted: $1.20 today liao la
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BullAllTheWay Veteran	01-Sep-2020 09:20        BullAllTheWay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorties. Can please go other counters? Sgvale      ( Date: 01-Sep-2020 08:51) Posted: $1.20 today liao la
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Sgvale Supreme	01-Sep-2020 08:51        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	$1.20 today liao la
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OngBak Veteran	01-Sep-2020 08:12        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	So simply saying, with last result STA go up to $1.36, so the next result expected to be better right? Hence logically it will be up trend? cheng8888      ( Date: 01-Sep-2020 01:15) Posted: Haha...you don' t forget the price surge from $1.20 to $1.36 at the opening after result announced. Greedy trader don' t want to sell because hope for higher. If sold, then can earn money.... tritonyeah666      ( Date: 31-Aug-2020 23:49) Posted: Well last quarter was very good as well. but prices went down frmo 1.34 all the way to 1.06 haha
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cheng8888 Senior	01-Sep-2020 01:15        cheng8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha...you don' t forget the price surge from $1.20 to $1.36 at the opening after result announced. Greedy trader don' t want to sell because hope for higher. If sold, then can earn money.... tritonyeah666      ( Date: 31-Aug-2020 23:49) Posted: Well last quarter was very good as well. but prices went down frmo 1.34 all the way to 1.06 haha
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BullAllTheWay Veteran	01-Sep-2020 00:35        BullAllTheWay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will be 1.2 tomorrow, shorts should change to long.
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linguist Veteran	01-Sep-2020 00:02        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	probably cuz investors n traders already put their monies into medtecs already, as they announced their result earlier.  tritonyeah666      ( Date: 31-Aug-2020 23:49) Posted: Well last quarter was very good as well. but prices went down frmo 1.34 all the way to 1.06 haha
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tritonyeah666 Elite	31-Aug-2020 23:49        tritonyeah666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well last quarter was very good as well. but prices went down frmo 1.34 all the way to 1.06 haha
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cheng8888 Senior	31-Aug-2020 23:20        cheng8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter mainly follow the trend of rubber price instead of glove price. May be last time yes, but recently it affected by rubber price. Currently the rubber price is going up thus this share is at the uptrend. The next quarter result should be very good because of glove ASP higher, revenue higher and rubber price also recover a bit compare with the last quarter.
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kennyzeng21 Member	31-Aug-2020 23:08        kennyzeng21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	byebye u no need post liao. ur job is done. only siao lang will short this stock now. Game Over a79991      ( Date: 31-Aug-2020 09:26) Posted: Game over for this counter..stagnant already so can put your shares inside the freezer...
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kennyzeng21 Member	31-Aug-2020 22:31        kennyzeng21 About Contact  Quote this Post!
x 0   x 0  Alert Admin	See next few days how lor.....MACD seems to converge and move uptrend. RSI below 40. Truly oversold. But at least got a slight sign of reversal. With expected more earnings in next few quarters, i think investors are not blind la. I trust Citi and UOB analysts more than u la. LMAO. At least IMO it wun go down to 0.45 in the next one yr. Dun tell me 5 yrs later la. So far who knows?  Bintang      ( Date: 31-Aug-2020 21:49) Posted: Sri Trang tried very hard today making a technical correction , but it was a weak rebound . Even 10EMA  it could not get over . Weekly MACD already showed its weakness . Monthly closing formed a bearish engulfing pattern after last month a spinning top formation . Unless it could make a strong bullish engulfing pattern , its trend may remain in this level . Bintang      ( Date: 30-Aug-2020 22:36) Posted: In the best scenario , take other measurement from the second top price at $1.67 , it came all the way down to $1.03 , after that it made a rising wedge ( bearish ) from $1.03 to reach $1.47. It gapped down from $1.37 to reach $1.06 . # $1.37 - ($1.67 - $1.03 ) = $ 0.73  If this is the better target , it is still consider on an uptrend because it is still above 200MA . # Hope all my predictions are failed
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