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Sri Trang Agro
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Thai Sri Trang sets IPO price at S$1.20
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Robbie36
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15-Nov-2020 19:55
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To be perfectly honest Medtecs doesnt look particularly ' cheap' - it is trading at 3.5x BV which is pretty rich for any stock investment. Of course Top Glove is trading at 10x BV so there you go. STA is trading currently below (Sept 2020) BV while ROE is in excess of 20%. It is pretty remarkable that you can buy one of the leading rubber gloves manufacturers in the world during the pandemic at a price below BV (make an excellent acquisition for Top Glove.)
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stanleytay
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15-Nov-2020 19:40
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I suggest you see how price goes on monday then decide whether you want to enter. I think by then, it will be clearer.
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stanleytay
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15-Nov-2020 19:38
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Im just offering an alternative view.. dont have to be so defensive and agitated. I respect bullish view but my findings doesnt match with your buy and hold view now as i think we can get this at a lower price. Like i said, if monday this gap up and make new high. Big congrats. Im not against longist.. i used to be vested in Sri Trang too. I like to add.. if results are everything in mkt, then can you explain why medtec is 0.88 now and not $2? And STA drop from 1.5?
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limjoeseph
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15-Nov-2020 19:29
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Stanley, why mention the "Blame Game"? Own money, own target!! Longist like us remain vested medium to long term as we have all done our due diligence. Anybody is always welcome to contribute to this free forum with their individual views whether bulls or bears alike. Frankly I welcome your alternative views which you are entitled to pen, and rest assured that I will not blame anyone for the loss of my investment if STA falls off its bed as I am heavily jnvested in STA just like Robbie on a fundamentally sound company with earnings visibilty for the next 12 months. I believe strong earnings is the life line of a company moving forward and when STA enjoys humongous earning over the next few quarters from STGT 56% contributions to STA coffers, its valuation becomes cheaper and which eventually will be reflected in its price rise which is the simple truth. As an avid investor in STA, I will never ever invest in any losing company with a medium to long term outlook. And till date, STA has proven to me it is a fudamentally sound company rooted on solid grounds as I had harvested my first round of profits previously purchased below average of 12.5 bahts and liquidated above the 19 bahts level. About three months ago I reinstated my STA Thai and Sing purchases and till holding my investments to date. I reinterate again that mkt particpants need to do their own due diligence to suit their own risk appetite as there is no guarantee in any type of investments that will generate guaranteed returns. Anyway in any type of investment which is a zero sum game with winners or losers alike on both sides of the fence!!! | ||||
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crystalbee
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15-Nov-2020 19:21
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No not price that matters. It is value (PE and EPS). Medtecs is not a glove play and so it is not an accurate comparison. Medtecs sells PPE and I believe it is easier to set-up as a PPE production as I observed now there are just too many retailers selling masks (a PPE item). For a newcomer to set-up a certified gloves production takes at least 1.5 years and huge amounts of capital. Medtecs share price has increased multiple times snd that' s why I think its share price has taken a harder hit from vaccine news. Comparing share prices as at 30 April 2020 and last Friday 13 Nov' 20. Medtecs : 30/4 $0.109 and 13/11 $0.885. Increase x 8.12 UG : 30/4 $0.245 and 13/11 $2.295 if no share split ($0.765 x 3). Increase x 9.37 Riverstone : 30/4 $1.17 and 13/11 $3.04 if no share split ($1.52 x 2). Increase x 2.6 Top Glove : 30/4 $2.34 and 13/11 $7.59 if no share split ($2.53 x 3). Increase x 3.24 STA : 30/4 $0.545 and 13/11 $1.21. Increase x 2.22 Riverstone has 2nd lowest share price increase so I compare Riverstone' s and STA' s profits.Riverstone Q3 profit is S$60mill and STA Q3 profit is S$91mill. This is the fact that STA is undervalued and its low valuation is strength against vaccine news. That is my confidence based on my own research.
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alvinlsm
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15-Nov-2020 19:20
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Mr joeseph, I hear from my friend that STA is applying from set100 to set50 by end of nov ! Did you happen to know about it ? | ||||
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Dannkh
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15-Nov-2020 19:14
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Thks. Based on these 3 factors, I see more positives at present. So not conclusive that it's price is downtrend. This is a "hybrid" stock & if invest at the correct price is safer than many others for the next 2 years at least.
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FreedomAngelz
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15-Nov-2020 19:02
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Just need to monitor Rubber price, Glove sales, and Thailand situation....
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Dannkh
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15-Nov-2020 18:31
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What signs are there that STA price will go downhill?
Appreciate if u can state some. Not vested.
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Robbie36
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15-Nov-2020 16:11
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I made the decision several months back that I would continue to holf STA after the inevitable vaccine news came through. If you look back at STA' s share price performance over H1N1 (2009/10) in which the share price increased 10 fold, you would notice that the share price peaked 15 months after the announcement of the first vaccine and 4 months after the pandemic was announced over by WHO in August 2010.... | ||||
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yoyo123
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15-Nov-2020 16:03
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yeah i thinking why other medical counters investors not switching over to this counter haha if worried about vacinne rumours or they dont really know what Sri Trang business is about. but at least there is additional dividends, which shows STA fundamental strength and sustainiability to investors.
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alvinlsm
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15-Nov-2020 15:41
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Mixed feeling over the weekends cos of the vaccine news . Do not know how the market will react tomorrow . If there is no vaccine rumours , tomorrow sure a record high but now we can only guess head or tails 😂
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stanleytay
Master |
15-Nov-2020 14:47
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If you own 1.8m shares in STA.. it doesnt mean it will go up. We all buy stocks cos we see news or think they will move up. If STA goes up tomorrow and make new high.. big congratulation those vested. But if it drops, dont start playing the blame game, you all cant say the signs are not there.
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limjoeseph
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15-Nov-2020 11:30
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Ignore the noises expounded by naysayers and bears of coming fall off the cliff thesis that price only matters!!! Accordingly, Price Earnings Ratio Multiples Against Past Year Standard Deviation, DCF or EV/EBITDA (EV ratio), Dividend Yield Forecast, STA by far considered extremely undervalued and dirt cheap at current price juncture. STA is yet the safest bet to park your money for a 1 year period on high earning visibility for the next 12 months as compared to parking your money in the bank to earn pittance interest as it has both rubber and glove play with dividend payout between 7 and 9 decenber 2020. That is the very reason I still stay vested to date as I never allow short term noises derail my medium to long term outlook on STA. | ||||
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Robbie36
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15-Nov-2020 11:17
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" The only thing that matters is price." Couldnt really disagree with you more. Price is what you pay, value is what you get. You might be an expert in predicting share prices - I am certainly not. I work out value and assume that the price will look after itself. If you are a ' price guru' how much conviction can you seriously have? I ' know' that STA is seriously undervalued at the current share price which is why I own over 1.8m shares and am pretty much certain I will make money over time.
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limjoeseph
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15-Nov-2020 10:44
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Dear STA Loyalists please enjoy my Sunday sypnosis and not be perturbed by naysayers concerning STA coming down side on vaccine success (vaccine news have all the while been in the mkt until the cow comes home) as strong earnings will find its equilibrium intrinsic value of STA which is not only highly undervalued but dirt cheap from Fridays real results earning which blew past all analysts 3rd quarters result expectations. Just do your own due diligence is a good enough reason to know where all medium to long term mkt participants stand in a correctional short term mkt in any situation as no short term negative news can derail a fundamentally sound and strong growth company like STA, a dirt cheap company rooted on solid grounds on a 12 months earning visibility. This recent drop of STA share price as I know is due to rubber correction and worsened by the negative vaccine news, a double whammy. . As long as STA is a money making company next few quarters, good earnings will get reflected in the rise of its share price eventually especially from 56% humongous contribution from STGT as STA will have to climb a wall of worries of media hyped success of other vaccines coming into the mkt next few months but yet we know most gloves counters forward glove sales have already been booked until 2nd half 2022 but from what I understand from my previleged Thai informant that their quarterly gloves sales prices (supplies guaranteed) are not fixed but subject to negotiation at a slight discount to their Msian competitors prices like Top Gloves and Supermax rising ASP gloves prices. Frankly it will take time to reach higher target price projection by any analyst as most of these projections are for a minimum 12 months peroid and subject to change depending on any change in STA's fundamentals. So far till date, no change in STA' s fundamentals have been mentioned by Management other than coming dividend payout and splitting of STGT shares from one to two in Thailand first to encourage more interest by small investors to do buy and hold and an eventual secondary listing in SGX probably by 2nd half 2021. Let the analysts release their higher target price projections next week after their investors conference call as STA 3rd quarters profit release far exceeded all analysts projection but each of us must make our own jusdgental call to suit our own risk appetite to the direction of STA mkt price over a medium to long term period. Remember that any STA price rise is never linear and will succumb to profit taking round from time to time to adjust any overbot condition by unsuspecting negative news and the severity of the STA correction will depend on the news event as STA will be impact by any news related to Rubber as well as any news related to Gloves as it is both Rubber and Gloves play. Example is NER Rubber another public listed Thai company which only dropped by 22% from a high of 5.05 on 29 Oct to 3.90 low on 9 Nov in reaction due to a correction in rubber prices whilst STA corrected from 36 bahts high down to 24.10 bahts a 33% drop reflecting both rubber correction and negative gloves news. As long as strong earnings are there for the next few quarters, I will not let any short term news cloud my medium to long term view of an eventual rising mkt. Till date I will hold fast in my 2Cs: Confidence and Conviction. I am of the opinion that next year, rubber prices will be higher as no covid pandemic can kill the rubber mkt as using the H1NI comparison from Jan 2009 to August 2010 on up coming rising rubber prices from pent up rubber demand as global economies recover especially China's virus spread is well contained especially STA main rubber demand mkt is in China. In fact even with Covid in the background, the rubber mkt recovered from a low in March 2020 to break above the Covid Rubber high in Jan 2020 before making a decent mkt correction to date and is now consolidating. The rest of the world will take time to control the virus spread. Therefore Global Gloves demand will not falter any time soon but STGT Gloves ASP will rise as expounded by STGT Management during previous investors conference calls to match their competitors increased prices every quarter probably until end 2021. Just like few days ago negative short term news on rubber correction and negative vaccine news has corrected STA, any short term positive news will also correct the oversold STA. And that positive news is the rebounce of rubber prices from a Sicom TSR 20 low of 144.70 uscts/kg December Contract on 2nd Nov to a rebounce high of 159.00 on 12 November and a positive 3rd quarters result exceeding all analysts' mkt earnings projection. I am quite sure STA Thai will open at least 2 bahts higher on Monday to react to the better than expected earnings results after Friday's mkt close. NB: I am not a contra or short term mkt trader but a medium to long term investor and my views are presented to reflect my medium to long term mkt outlook as to the mkt direction of STA. | ||||
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stanleytay
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15-Nov-2020 09:53
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Have you all study the trend of the prices of glove and other medical stocks and realise the rebound after a big drop is getting lower and lacking in power to push? Eg, medtec drop from 1.98 to 1.3 .. bounce to 1.6, then to 0.96 bounce to 1.3.. now to new low 0.76. All these are not concidence. Im not a cheer leader but i focus on share price alot. Stock market cannot depend on news and hope. The only thing that matters is price.
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Superfast
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15-Nov-2020 09:27
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Sometimes it's like that la...
U better than me lo...( I go in, it start to dropped..) Gdluck.... Hopefully tmr cheong up
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alvinlsm
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15-Nov-2020 08:58
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I felt very painful as my differences was more than 40k. ! Win becomes lose , anyway who knows . let' s see the market response tomorrow morning . Good luck to all
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Superfast
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15-Nov-2020 08:40
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Ya... Believe what u vested....
Huat ah...
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