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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
albeniz Veteran	27-Aug-2020 19:28        albeniz About Contact  Quote this Post!
x 0   x 0  Alert Admin	And if they are short-selling, they have to buy all of them back soon.    Muahahahah! Huat ah! tangoanna      ( Date: 27-Aug-2020 18:28) Posted: Very strong force holding the $1.10. Hopefully the sellers are done.
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hantanbl Senior	27-Aug-2020 19:06        hantanbl About Contact  Quote this Post!
x 0   x 0  Alert Admin	about 4 million shares transacted through Maybank KIm Eng small_cap      ( Date: 27-Aug-2020 18:36) Posted: Seems like he acquired it from his spouse look@bright      ( Date: 27-Aug-2020 18:33) Posted: Yup thai boss buy shares
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small_cap Member	27-Aug-2020 18:36        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like he acquired it from his spouse look@bright      ( Date: 27-Aug-2020 18:33) Posted: Yup thai boss buy shares  Charanko      ( Date: 27-Aug-2020 18:31) Posted: got new announcement in SGX
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look@bright Elite	27-Aug-2020 18:33        look@bright About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup thai boss buy shares  Charanko      ( Date: 27-Aug-2020 18:31) Posted: got new announcement in SGX
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Charanko Senior	27-Aug-2020 18:31        Charanko About Contact  Quote this Post!
x 0   x 0  Alert Admin	got new announcement in SGX
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tangoanna Master	27-Aug-2020 18:28        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very strong force holding the $1.10. Hopefully the sellers are done.
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Bintang Elite	27-Aug-2020 18:19        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 1  Alert Admin	Sri Trang closed unchanged today at $1.10 , even could not break the minor resistance at $1.12 . It looks tired and ADX still at negative position. It would end poorly at weekly as well as monthly closing. Bintang      ( Date: 27-Aug-2020 16:00) Posted: Sri Trang has tried several times to go up beating the $1.10 resistance but failed. Its momentum has become weaker. Bintang      ( Date: 27-Aug-2020 14:33) Posted: It would not be good if $1.10 which is a strong support becomes a strong resistance.
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hantanbl Senior	27-Aug-2020 17:42        hantanbl About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes. holding very well. Reversal coming Ichimoku      ( Date: 27-Aug-2020 17:06) Posted: --- Post Removed by User ---
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Robbie36 Member	27-Aug-2020 17:41        Robbie36 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with you. However 2020 includes a 1Q ASP of US$19 and a 2Q ASP of US$20.7. I doubt we will see these ASPs in 2021 especially given the order book which stretches in 2022. As an aside, the surprising thing to me is that you can still buy STA below its stated book value (IE a BV< 1.0) (based on 2Q20 stated BV of Bt27.1). I rather think we will look back and chuckle about the time we bought a rubber gloves maker at below BV 6 months into a pandemic!! Dallan      ( Date: 27-Aug-2020 17:30) Posted: Hopefully the gloves ASP will continue to trend higher for whole of 2021 but I guess it should be tilting down comes 4Q21. For those who go for a quick kill, looks like they favour STGT more than STA. Only after STGT reaches the peak point, will the big guys re-direct their funds to STA. Robbie36      ( Date: 27-Aug-2020 17:07) Posted: Much in line with my own forecasts... With 5.9bn pencilled in for 2021 (eps 0.173) PE 15x = 2.
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Dallan Member	27-Aug-2020 17:30        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully the gloves ASP will continue to trend higher for whole of 2021 but I guess it should be tilting down comes 4Q21. For those who go for a quick kill, looks like they favour STGT more than STA. Only after STGT reaches the peak point, will the big guys re-direct their funds to STA. Robbie36      ( Date: 27-Aug-2020 17:07) Posted: Much in line with my own forecasts... With 5.9bn pencilled in for 2021 (eps 0.173) PE 15x = 2.6 Dallan      ( Date: 27-Aug-2020 16:04) Posted: My estimation of 3Q results for STGT and STA: STGT Gloves Sales Vol : 8.8b(quarterly max out capacity) Gloves Rev : THB9.1b NP : THB2.0b STA NR Rev : THB12.50b NR Profit : THB 0.20b Gloves Income : THB 1.02b(51% of STGT NP) NP : THB 1.22b This is my guesstimate and I think it's quite a decent number though it's far off from some analyst super optimistic projection. And with an estimated THB1.45b 4Q NP, the FY20 NP comes close to THB4.6b. This works out to a realistic EPS of 13.1c(sgd). So if you apply a Conservative PE of 15, the 2020 fair value should be around $1.95.
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Robbie36 Member	27-Aug-2020 17:07        Robbie36 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Much in line with my own forecasts... With 5.9bn pencilled in for 2021 (eps 0.173) PE 15x = 2.6 Dallan      ( Date: 27-Aug-2020 16:04) Posted: My estimation of 3Q results for STGT and STA: STGT Gloves Sales Vol : 8.8b(quarterly max out capacity) Gloves Rev : THB9.1b NP : THB2.0b STA NR Rev : THB12.50b NR Profit : THB 0.20b Gloves Income : THB 1.02b(51% of STGT NP) NP : THB 1.22b This is my guesstimate and I think it's quite a decent number though it's far off from some analyst super optimistic projection. And with an estimated THB1.45b 4Q NP, the FY20 NP comes close to THB4.6b. This works out to a realistic EPS of 13.1c(sgd). So if you apply a Conservative PE of 15, the 2020 fair value should be around $1.95.
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linguist Veteran	27-Aug-2020 16:57        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now its a sea of red with STA green/black. lol Ichimoku      ( Date: 27-Aug-2020 16:46) Posted: --- Post Removed by User ---
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limjoeseph Supreme	27-Aug-2020 16:52        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	To those mkt partipants who cannot withstand short term psper losses, my suggestion is to cut losses and lock uour wounds and come back to fight another day when STA starts its belated climb. No point agonising yourselves with your paper losses and you will be mentally drained and full of compaints and curses against STA. STA will reward the patient medium to long term investors. Previously my Asian business associates from the rubber fraternity including myself as an international rubber trader have kept faith with our STA investments at average 12.50 bahts of more than 4 months of whipsaw actions of which even though it was a well known fact according to our previleged Thai informant that STA share price was below NTA of 15 bahts. I shall divulge to all of you in this forum, our group were holding at least 40 million STA shares and all of us liquidated into the rise between 17.50 and 23.50 bahts into 2nd half May. So likewise we have reinstated at 28.25 baht and done our due deligence already and yet we do not bother ourselves with short term noises as we are looking at STA strong earnings for the next few quarters. We believe STA will eventually reward the patient investors as no point to park our extra cash with the bank to earn pittance annual interest. As such, we as loyal STA shareholders are willing to sit out our investments probabably until 1st half June 2021. Who know, maybe STA will announce an interim dividend to surprise the mkt!!! Finally, we just hope our Spore friends will likewise stay invested.
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a79991 Veteran	27-Aug-2020 16:44        a79991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anytime! Anytime! It would....
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small_cap Member	27-Aug-2020 16:15        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is close to my SOTP valuation Im even more conservative and assign a < 20 PE for its glove business Methinks the fair value should be around $1.8 Dallan      ( Date: 27-Aug-2020 16:04) Posted: My estimation of 3Q results for STGT and STA: STGT Gloves Sales Vol : 8.8b(quarterly max out capacity) Gloves Rev : THB9.1b NP : THB2.0b STA NR Rev : THB12.50b NR Profit : THB 0.20b Gloves Income : THB 1.02b(51% of STGT NP) NP : THB 1.22b This is my guesstimate and I think it's quite a decent number though it's far off from some analyst super optimistic projection. And with an estimated THB1.45b 4Q NP, the FY20 NP comes close to THB4.6b. This works out to a realistic EPS of 13.1c(sgd). So if you apply a Conservative PE of 15, the 2020 fair value should be around $1.95.
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alvinlsm Veteran	27-Aug-2020 16:04        alvinlsm About Contact  Quote this Post!
x 0   x 0  Alert Admin	To be frank , i am very pleased with their result today . All medical and glove dropping. Seems like something is coming .
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Dallan Member	27-Aug-2020 16:04        Dallan About Contact  Quote this Post!
x 0   x 0  Alert Admin	My estimation of 3Q results for STGT and STA: STGT Gloves Sales Vol : 8.8b(quarterly max out capacity) Gloves Rev : THB9.1b NP : THB2.0b STA NR Rev : THB12.50b NR Profit : THB 0.20b Gloves Income : THB 1.02b(51% of STGT NP) NP : THB 1.22b This is my guesstimate and I think it's quite a decent number though it's far off from some analyst super optimistic projection. And with an estimated THB1.45b 4Q NP, the FY20 NP comes close to THB4.6b. This works out to a realistic EPS of 13.1c(sgd). So if you apply a Conservative PE of 15, the 2020 fair value should be around $1.95.
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Bintang Elite	27-Aug-2020 16:00        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Sri Trang has tried several times to go up beating the $1.10 resistance but failed. Its momentum has become weaker. Bintang      ( Date: 27-Aug-2020 14:33) Posted: It would not be good if $1.10 which is a strong support becomes a strong resistance. Bintang      ( Date: 27-Aug-2020 14:16) Posted: Sri Trang has gone up to touch $1.12 , but still could not clear it.
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Stonky Member	27-Aug-2020 15:19        Stonky About Contact  Quote this Post!
x 0   x 0  Alert Admin	I would say very much the contrary, why blame Thai people when this counter is on the Singapore Exchange? Thailand share price has been stable and is slightly up today, it is the Singapore side who are more bearish and are selling this share at a discount even to the Thailand equivalent counter. Have you noticed the Singapore counter continues to sell down whenever the Thai counter is not active. Just an observation and please DYODD. huiwen88      ( Date: 27-Aug-2020 14:35) Posted: Very disappointing counter,Thai people hopeless.
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linguist Veteran	27-Aug-2020 14:45        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	dumping fast? did u see a lot price action today on STA or you are confusing STA with other counters? LOL. wait4opp      ( Date: 27-Aug-2020 14:34) Posted: At this level, a lot of people can run road........sellers are dumping fast before going down to close the gap at 90cents.
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