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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
stanleytay Master	23-Nov-2020 23:31        stanleytay About Contact  Quote this Post!
x 1   x 0  Alert Admin	Dont be sorry, Joseph. Im not here to win followers, im here to tell people focus on whats in play now through technicals. Hope you will lead your supporters to profit. But i have a feeling my CAO will soon catch up with STA share price. Good night! limjoeseph      ( Date: 23-Nov-2020 23:19) Posted: Stanley, With your type of attitude towards mkt particpants like me , I feel sorry for your approach. Anyway you are entitled to do whatever you like with STA and you need not spell out your intentions to me. I just cannot be bothered. Simple as there!!!
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limjoeseph Supreme	23-Nov-2020 23:27        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stanley, With your type of attitude towards mkt particpants like me , I feel sorry for your approach. Anyway you are entitled to do whatever you like with STA and you need not spell out your intentions to me. I just cannot be bothered. Simple as that!!!
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limjoeseph Supreme	23-Nov-2020 23:22        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	Earnings growth will ultimately form STA recent bottom to protect it from falling further as the recent 24.10 bahts irrational selling has climaxed from double whammy of recent rubber price correction and vaccine news below my short term proprietory buying zone of 26.50 bahts. When the downside is protected, the upside will take care of itself.
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stanleytay Master	23-Nov-2020 23:05        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another long post... I will enter STA when i see a bullish setup. Simple as that. Hope you huat big Mr Joseph. limjoeseph      ( Date: 23-Nov-2020 22:06) Posted: "I will leave this chat to you then. Since you are so keen to pick on people's words. The key to trading or investing is to make money. I dont know what is your point, you seem like a straight As student who is very good at writing. But whats the point.. if the stock is consolidating means its consolidating. Keep averaging down if you want. Stock dont go up, dont start picking on others." Stanley, with due respect, I am not trying to pick on your words. Till today, you still do not recognise your own faults stepping on other market participants' toes with your unwarranted comments on their long term investments. Just like me, these longists investors do not need your advice on how you see the mkt and what they should do in respect of their STA investments. It is their own money, own target but you have overstepped your boundaries by usinging words like "emotional people" and what not. You just commented "I dont know what is your point, you seem like a straight As student who is good at writing......". Am I good at writing then?? I share with you once again that I was never a straight 1 As student but only with a "O" level qualification but I am retired from my rubber business as penned in earlier post in answer to one mkt participant. I pen in this forum to share my personal medium to long term outlook which has not been a recommendation call to buy STA but I myself am already vested in this counter for the long haul. I will suggest to you on a friendly note to reserve your future comments to yourself on other mkt participants' investment to avoid their penned retaliation to you personally. Respectfully, Joeseph
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stanleytay Master	23-Nov-2020 23:02        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	China Aviation oil .. Target 1.24 in two weeks. Do you dare to follow? Sorry i dont know how to write long stories here. For those who are strong believer of STA.. please ignore my technical read of STA.. continue to average down. Oldman.. do give me credit if you make money following my call. Hahah.. btw .. are u the one who recommend Clearbridge at 0.2 plus? Oldman278      ( Date: 23-Nov-2020 22:29) Posted: Maybe you should give us some good counters and specify the time frame and price so that all of us here can make money ... ok bo? stanleytay      ( Date: 23-Nov-2020 19:27) Posted: What did you provide to suggest this stock will go up? Nothin
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Oldman278 Senior	23-Nov-2020 22:57        Oldman278 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fully agree... tks to LimJoseph for giving us great in depth of the stocks so that we can each make our own judgement and to follow our own investing style. alpine      ( Date: 23-Nov-2020 19:37) Posted: limjoeseph deep mkt research in STA on fundamental rational has been approach to his own vested interest on a buy and hold strategy as he mentioned specifically in many of his contributions to STA forum of which I am thankful. I have been monitoring many of his previous posts and he was not wrong when he commented the breakup above the 29.50 bahts on Elliot Wave ABCDE pattern and closing convincing above will set the the tone for a dip buyers' mkt which propelled the mkt to hit the 36.00 bahts level. He also did mention that STA climb could not be linear even though some mkt participants were hyping up the mkt big upside. However limjoeseph did specifically say that mkt participants need to be wary of short term negative unsuspecting news which may cause correction from time to time which is healthy for a short term mkt correction. Nothing wrong with that, is there? I happen to one of the many lucky few who bought below the 29.50 bahts level on insider Chaiyos buying of STA Thai at 27.75 bahts and when the mkt rallied on the way to the 36 level, I liquidated my short term portfolios at a neat profit. I am already back in the in the mkt at the 25.00 bahts level after the irrational selling by foreign institutions in STA Thai probably taking profits on their much lower price purchases accumulated below the 14 bahts level and switching out to recovery play in other counters. Lets take a pragmatic approach in this forum for every mkt participant to pen whatever they like and not step on the toes of others with some unwarranted personal remarks against each other as we are here in this forum to be make money whether on contra/short term/medium term/long term. Lets show some respect for each other which will go a long way for an exchange of reasonable genuine ideas where by each and every one of us can benefit from it and we have to do our very own due diligence as well. Hopefully the exchange of constructive ideas bulls or bears alike will help us to make a better judgemental call to be more right than wrong in assessment of the STA mkt direction in any time frame.
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limjoeseph Supreme	23-Nov-2020 22:55        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	We longist investors know that the direct correlation between STA potential medium to long term share price uptrend is its earnings growth of 56% humongous contribution from STGT increased Gloves ASP for the next few quarters keeping us invested to date besides enjoying our dividend payout on 9 december 2020 besides with a potential outlook for price appreciation down the road as we have been in the mkt long enough to make our own judgemental call that earnings growth will reign supreme even in any share counters other than STA. With earnings growth, the increased in profits / excess cash will be used to lower debts, pay dividends, investments, capital expansion or cash reserves.
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Oldman278 Senior	23-Nov-2020 22:29        Oldman278 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe you should give us some good counters and specify the time frame and price so that all of us here can make money ... ok bo? stanleytay      ( Date: 23-Nov-2020 19:27) Posted: What did you provide to suggest this stock will go up? Nothing ultimatron      ( Date: 23-Nov-2020 16:48) Posted: 秀 才 遇 到 兵 有 理 说 不 清 . We dont need to stoop to their level and argue with them, waste of time. They cannot even provide anything substancial to back their views. Only know how to keep shouting down
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limjoeseph Supreme	23-Nov-2020 22:06        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	"I will leave this chat to you then. Since you are so keen to pick on people's words. The key to trading or investing is to make money. I dont know what is your point, you seem like a straight As student who is very good at writing. But whats the point.. if the stock is consolidating means its consolidating. Keep averaging down if you want. Stock dont go up, dont start picking on others." Stanley, with due respect, I am not trying to pick on your words. Till today, you still do not recognise your own faults stepping on other market participants' toes with your unwarranted comments on their long term investments. Just like me, these longists investors do not need your advice on how you see the mkt and what they should do in respect of their STA investments. It is their own money, own target but you have overstepped your boundaries by usinging words like "emotional people" and what not. You just commented "I dont know what is your point, you seem like a straight As student who is good at writing......". Am I good at writing then?? I share with you once again that I was never a straight 1 As student but only with a "O" level qualification but I am retired from my rubber business as penned in earlier post in answer to one mkt participant. I pen in this forum to share my personal medium to long term outlook which has not been a recommendation call to buy STA but I myself am already vested in this counter for the long haul. I will suggest to you on a friendly note to reserve your future comments to yourself on other mkt participants' investment to avoid their penned retaliation to you personally. Respectfully, Joeseph
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WBdisciple Elite	23-Nov-2020 21:47        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Production suspended at 28 Malaysia factories of world' s biggest glove maker after Covid-19 infections Hazlin Hassan Malaysia Correspondent PUBLISHED2 HOURS AGO KUALA LUMPUR - Malaysian glove maker Top Glove will suspend operations in 28 of its factories in Klang, in Selangor, after more than two thousand employees tested positive for Covid-19. Senior Minister (Security cluster) Ismail Sabri Yaakob said on Monday (Nov 23) the closure would allow for the testing and quarantining of workers at the world' s largest glove manufacturer. " I am made to understand that today alone, there are 1,067 positive cases. On the advice of the health ministry, today' s meeting has agreed to close these 28 Top Glove factories in Klang in stages to enable the workers to undergo testing and quarantine," the minister told a news conference. A total of 1,889 positive cases had been recorded as at Monday, he added. Health director-general Noor Hisham Abdullah told a separate news conference later that a total of 5,767 people in the Top Glove factory-linked cluster had been tested and 2,524 were confirmed to have Covid-19. Of these, 2,453 patients are factory workers, while 71 are close contacts, including a two-year-old. Most of those infected or 2,360 of them are non-citizens and the remaining 164 are Malaysians. Top Glove' s worker dormitories in Klang and its surrounding areas are currently under the Enhanced Movement Control Order (EMCO). The curbs will be in effect until the end of this month after 215 Covid-19 cases were reported on Nov 15. Under the EMCO, no one will be allowed to enter or leave the area for 14 days while health officials conduct intense health screenings. Food and medicines are distributed to people inside the lockdown area. While the EMCO on Top Glove&rsquo s dormitories involves some 5,900 workers, Tan Sri Dr Noor Hisham noted that the glove maker employed around 13,000 workers, including those who live outside of the lockdown area. Nine of Malaysia' s 13 states and its three federal territories - Kuala Lumpur, Putrajaya and Labuan - are now under a partial lockdown called Conditional MCO (CMCO) as the government tries to come to grips with a third wave of Covid-19 cases in the last two months. Under the CMCO, inter-district travel is restricted to emergencies or for work, and mass gatherings are banned. Malaysia registered a new daily high of 1,884 Covid-19 infections on Monday with two new deaths, bringing the death toll to 337. Previously, the record for infections in a single day was 1,755 on Nov 6. Selangor recorded the most cases out of all states, with 1,203 infections. Sabah recorded 289 cases, while Kuala Lumpur saw 196 cases. Top Glove makes 220 million disposable rubber gloves daily, and the company' s value has multiplied by at least six times this year - making it the second-largest listed company in Malaysia - due to a sharp increase in demand during the pandemic.
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WBdisciple Elite	23-Nov-2020 21:42        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	HIGHER GLOVE PRICES with SUPPLY REDUCED? Sri Trang Agro and its subsi will likely benefit as their production activities in Thailand are unaffected...  28 of Top Glove factories to be closed in phases amid virus outbreak [KUALA LUMPUR] Malaysia will close some of Top Glove' s factories in stages as it moves to screen employees for coronavirus following a big jump in infections, a senior minister said on Monday. The world' s largest maker of latex gloves has racked up record profits this year on skyrocketing demand for its products and protective gear, thanks to the pandemic. But as many as 28 of its network of more than 30 factories in the southeast Asian nation will be shut after 1,889 workers tested positive for the virus, from 5,794 screened, said Senior Security Minister Ismail Sabri Yaakob. " On the advice and risk evaluation of the health ministry, it is agreed that 28 of Top Glove factories be closed in stages," Mr Ismail said, so as to allow further screening and quarantine. He did not say when the closures would begin. Last week, the government ordered 14-day curbs through Nov 30 in an area where Top Glove factories and dormitories are located. The company said the curbs would affect 5,700 workers, or more than a quarter. Analysts had said the curbs did not change earnings forecasts for the company but they could re-assess projections if infections at the factories rise sharply and curbs are extended. The company did not immediately respond to questions about details of the situation or the impact on production.
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WBdisciple Elite	23-Nov-2020 21:37        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Glove shortage to persist into 2021, remain positive on glove stocks: CGS-CIMB https://www.theedgesingapore.com/capital/brokers-calls/glove-shortage-persist-2021-remain-positive-glove-stocks-cgs-cimb Glove shortage to persist into 2021, remain positive on glove stocks: CGS-CIMB - THE EDGE SINGAPORE CGS-CIMB&rsquo s Ong Kang Chuen has maintained his positive view on the rubber glove sector, following a session with the Malaysian Rubber Glove Manufacturers Association (MARGMA) at InvestSG this week. He noted MARGMA remains upbeat on prospects for the sector, and expects global rubber glove demand to reach 360 billion pieces in FY2020, followed by a further 15-20% growth to about 440 billion pieces in FY2021.  Even with the Covid-19 pandemic fully under control, MARGMA sees sustained growth in the coming years, considering the need to replenish glove inventory levels especially in neglected sectors such as industrial, F& B, electronics, and increased glove usage, given higher hygiene awareness. MARGMA also believes that the global glove shortage situation will still persist in 2021F. It notes that while global glove demand has surged in recent months, capacity growth will take time to catch up, as setting up a production line takes between 1 and 1.5 years. Currently, due to the supply shortage situation, order lead times for gloves have risen to 8- 10 months, compared to 1.5-2 months pre-Covid-19. As such, he believes average selling prices (ASP) could remain 50-60% above pre-Covid-19 levels by 2023. Currently, ASP&rsquo s are at about US$70-80 per thousand pieces of gloves, some 200% higher than pre-Covid-19 levels.  Amid the strong glove demand and rising raw material costs, glove companies are seeing a further price hike trend in the coming months. MARGMA thinks that while pricing will eventually stabilise in tandem with better demand-supply dynamics, this will be a &ldquo gradual process&rdquo , and estimates that ASPs could still remain about 50-60% above pre-Covid-19 levels by 2023. Taking all these into account, he has given the sector a &ldquo neutral&rdquo call, but emphasises that this was &ldquo mainly premised on near-term share price volatility given recent vaccine development newsflow.&rdquo There remain regulatory, manufacturing and logistic hurdles to the widespread availability of Covid-19 vaccines.  Nevertheless, he remains positive on the fundamentals of glove makers as profits are set to continue growing through 2021F.  As for specific companies, Ong has recommended &ldquo add&rdquo on both UG Healthcare and Riverstone with target prices of $1.70 and $2.50 respectively, but UG remains his preferred pick.  This is given its relatively cheaper valuation and his expectations of higher normalised profits, backed by a 59% y-o-y manufacturing capacity expansion in CY2021.
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Longtermer Elite	23-Nov-2020 20:25        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	Agree. Some ppl just talk and argue and dishing out advice like mkt guru. They dun realise they are shouting down ppl investments without substance which is absolutely annoying. Really dun understand why they are doing this as they are not even vested in anyway. Shake head.   ultimatron      ( Date: 23-Nov-2020 16:48) Posted: 秀 才 遇 到 兵 有 理 说 不 清 . We dont need to stoop to their level and argue with them, waste of time. They cannot even provide anything substancial to back their views. Only know how to keep shouting down
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alpine Senior	23-Nov-2020 19:37        alpine About Contact  Quote this Post!
x 0   x 0  Alert Admin	limjoeseph deep mkt research in STA on fundamental rational has been approach to his own vested interest on a buy and hold strategy as he mentioned specifically in many of his contributions to STA forum of which I am thankful. I have been monitoring many of his previous posts and he was not wrong when he commented the breakup above the 29.50 bahts on Elliot Wave ABCDE pattern and closing convincing above will set the the tone for a dip buyers' mkt which propelled the mkt to hit the 36.00 bahts level. He also did mention that STA climb could not be linear even though some mkt participants were hyping up the mkt big upside. However limjoeseph did specifically say that mkt participants need to be wary of short term negative unsuspecting news which may cause correction from time to time which is healthy for a short term mkt correction. Nothing wrong with that, is there? I happen to one of the many lucky few who bought below the 29.50 bahts level on insider Chaiyos buying of STA Thai at 27.75 bahts and when the mkt rallied on the way to the 36 level, I liquidated my short term portfolios at a neat profit. I am already back in the in the mkt at the 25.00 bahts level after the irrational selling by foreign institutions in STA Thai probably taking profits on their much lower price purchases accumulated below the 14 bahts level and switching out to recovery play in other counters. Lets take a pragmatic approach in this forum for every mkt participant to pen whatever they like and not step on the toes of others with some unwarranted personal remarks against each other as we are here in this forum to be make money whether on contra/short term/medium term/long term. Lets show some respect for each other which will go a long way for an exchange of reasonable genuine ideas where by each and every one of us can benefit from it and we have to do our very own due diligence as well. Hopefully the exchange of constructive ideas bulls or bears alike will help us to make a better judgemental call to be more right than wrong in assessment of the STA mkt direction in any time frame.
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stanleytay Master	23-Nov-2020 19:27        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	What did you provide to suggest this stock will go up? Nothing ultimatron      ( Date: 23-Nov-2020 16:48) Posted: 秀 才 遇 到 兵 有 理 说 不 清 . We dont need to stoop to their level and argue with them, waste of time. They cannot even provide anything substancial to back their views. Only know how to keep shouting down
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stanleytay Master	23-Nov-2020 19:26        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will leave this chat to you then. Since you are so keen to pick on people's words. The key to trading or investing is to make money. I dont know what is your point, you seem like a straight As student who is very good at writing. But whats the point.. if the stock is consolidating means its consolidating. Keep averaging down if you want. Stock dont go up, dont start picking on others. limjoeseph      ( Date: 23-Nov-2020 16:09) Posted: "I get the market right can already. Unlike you, keep promoting STA like its the only stock in sgx." Stanley if you get the mkt right, then I congratulate you. But what is there make unnecessary remarks on my promoting STA?? By the way, am I promoting?? Mind you, sharing of information is not promoting!! You are at the liberty to share your thoughts and ideas in this free forum but you have gone beyond your boundaries by passing unnecessary remarks against my penned contributions lately and generally against the longists. I pen my deep research into STA and it is not a buy call recommendation but a sharing of personal medium to long term outlook on STA. What Bro Cystalbee said earlier in reference to your posts hold water as far as I am concern and I strongly believe other mkt participants feel that way too. Like I said many times, anyone is welcome to post in this free forum but no need to ger personal. Respectfully Joeseph
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OngBak Veteran	23-Nov-2020 18:11        OngBak About Contact  Quote this Post!
x 0   x 0  Alert Admin	USA 1 week alone new cases over 1 million. Japan new surge caused suspension of it tourism. Not to mention big countries like Brazil and Europe.
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limjoeseph Supreme	23-Nov-2020 17:40        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	ln the next 12 mths, STA is all about earnings. And 3rd quarters earnings have beaten all analysts' expectations. I have made it a point that STA's short term correction is healthy for a medium to long term potential upside due to so called vaccine success which will be the catalyst for the explosive rubber demand as evident during the H1N1 period even after vaccine being rolled as consumers were looking forward to a synchronised global economic recovery even though global glove companies did not enjoy humongous profits as gloves supplies were then more than ample compared to this present juncture of widespread Global Covid 19 infections, we are now experiencing supplies shortage which likely to last for the next few quarters. But as STA is a rubber play as well, it will get the benefit of higher global rubber prices to parallel the H1N1 global rubber price rally. From this week onwards, I am pre-empting the rubber price recovery after recent correction to surmount recent high of TSR 20 Sicom at 180.4 uscts/kg before 1st half 2021 due to my experience of more than 30 years experience in the rubber trade to make my judgemental call on potential rubber price rally which will likely translate to higher STA earnings from rubber contributions as evident in the HINI period whereby STA earnings came mostly from rubber in 2009 on US$221 full year profits and 2010 full year profits of US$344 million. 4th quarters profit projection for STA estimated to be US$157 whlst STGT at US$236 using US$48 per box for extrapolation erring on the conservative end compared to STGT management ASP gloves guidance of US$54 per box. As such, STA full year 2020 net profits is projected at US$288 million minimum. Looking back into the midst of time for comparison to End December 2009 H1NI period, the TSR 20 Sicom high was 290 uscts/kg whilst STA was 4.75 bahts and End December 2010 the TSR 20 high was 502 uscts/kg whilst STA hit 36.25 Bahts although TSR 20 all time high was in February at 570 uscts/kg and STA hit all time high of 41.25 all time high in January 2011. As such, after the short term dust settles we may expect the upward trend for STA to continue as I am already seeing the basing out of rubber prices after this recent correction which sent STA down more than 33 per cent drop of the rubber price coupled with vaccine news which dampened short term Global Glove counters including STGT as compared to NER correctional drop of only 22%. I have a target of TSR 20 Sicom nearby at 245.00 uscts/kg before 1st half 2021. Synopsis: Short Term: Neutral Medium To Long Term: Uptrend Intact. My Long Term Portfolio to date: Entries: STA Thai/Sing Entry: 28.25 bahts 12 Months Target Price 61 Bahts. STGT 75.25 Bahts 12 Months Target Price 118 Bahts. Recent buying on STA by following insiders: Chairos in October month for 1 million STA Thai at 27.75 STA MD in October and November month for 350K STA Sing at S$1.2475 Kittichai in November month for 70K STA Thai at 26.00 Bahts. These insiders' buying speak volume and faith in STA as a fundamentally sound company rooted on solid grounds on humongous profits contribution of 56% from STGT increased Gloves ASP for the next few quarters besides strong and decent rubber earnings on the back of potential rise of global rubber prices next year. On that score, potentially my target price for STA/STGT can be self fulfilling for a 12 months time line as STA price rise will hinge on its strong reported earnings for the next few quarters into 2021. NB: According to my priveleged Thai informant, STA will probably announce a dividend payout for full year 2020 results during the month of March 2021 after 4th quarters 2020 results release. As usual, due diligence is warranted to suit your own judgemental call as my penned contribution to this STA forum in SJ is not a call to buy STA shares and not for contra or short term play but a medium to long term outlook.
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ultimatron Member	23-Nov-2020 16:48        ultimatron About Contact  Quote this Post!
x 0   x 0  Alert Admin	秀 才 遇 到 兵 有 理 说 不 清 . We dont need to stoop to their level and argue with them, waste of time. They cannot even provide anything substancial to back their views. Only know how to keep shouting down
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limjoeseph Supreme	23-Nov-2020 16:09        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	"I get the market right can already. Unlike you, keep promoting STA like its the only stock in sgx." Stanley if you get the mkt right, then I congratulate you. But what is there make unnecessary remarks on my promoting STA?? By the way, am I promoting?? Mind you, sharing of information is not promoting!! You are at the liberty to share your thoughts and ideas in this free forum but you have gone beyond your boundaries by passing unnecessary remarks against my penned contributions lately and generally against the longists. I pen my deep research into STA and it is not a buy call recommendation but a sharing of personal medium to long term outlook on STA. What Bro Cystalbee said earlier in reference to your posts hold water as far as I am concern and I strongly believe other mkt participants feel that way too. Like I said many times, anyone is welcome to post in this free forum but no need to ger personal. Respectfully Joeseph
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