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Greenpig Senior	14-Aug-2020 22:49        Greenpig About Contact  Quote this Post!
x 0   x 0  Alert Admin	What does separate financial means in the report??
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gregtan123 Supreme	14-Aug-2020 22:30        gregtan123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro i am longing sta for long enough to know that unless we see it, STA is a laggard. profits alone dont push share price up. and besides their numbers are not sick. I am vested average 1.35 losing like siao. i also hope u r right. but for now seeing 1.50 next week is a blessing liao given this counter BB pattern. i hope to be wrong n u r right. but STA is a very hard counter.  LuckyCharm_SMS      ( Date: 14-Aug-2020 22:17) Posted: You have to also understand that STA is not trading at 30 times the price of where it was last year. Target price set was 1.85 with the assumption that Q2 profit is at 600mill Thai bhat. But it exceeded the expectations by almost twice the profit. So the current price is damn undervalued and given the rubber price is back up again in the last few days, can expect even more profits than q2 next quarter. Factoring in all this, TP should be somewhere between 2.5-3. wait for the TP on Monday, there will be huge upside. All people currently holding STA, don't give up at an easy price on Monday. Expect atleast 40-50% in the next two days. Also, vaccine news won't have much effect on STA as their profits don't just come from gloves RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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LuckyCharm_SMS Member	14-Aug-2020 22:17        LuckyCharm_SMS About Contact  Quote this Post!
x 0   x 0  Alert Admin	You have to also understand that STA is not trading at 30 times the price of where it was last year. Target price set was 1.85 with the assumption that Q2 profit is at 600mill Thai bhat. But it exceeded the expectations by almost twice the profit. So the current price is damn undervalued and given the rubber price is back up again in the last few days, can expect even more profits than q2 next quarter. Factoring in all this, TP should be somewhere between 2.5-3. wait for the TP on Monday, there will be huge upside. All people currently holding STA, don't give up at an easy price on Monday. Expect atleast 40-50% in the next two days. Also, vaccine news won't have much effect on STA as their profits don't just come from gloves RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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BullAllTheWay Veteran	14-Aug-2020 22:14        BullAllTheWay About Contact  Quote this Post!
x 0   x 0  Alert Admin	With this news, I think have to start the trade with min $1.70.or $1.80. Hopefully will make it happen. So harder for people to lowball or shortsell.
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linguist Veteran	14-Aug-2020 22:13        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Medtecs rocket because of 1000% profit. Sri Trang will rocket because it is a hidden gem and not focused when its performance & result is higher than UG, Riverstone and comparable to Top Glove.  Even in Thailand, SET-STA is a " hidden gem" , as you can notice from the share price of SET-STA against the newly IPO of SET-STGT. But situation will change from here onwards, as Sri Trang Group is under the spot light now. It' s a strong group with rubber sales and gloves sales. Cheers & let' s huat together!  RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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guards80 Supreme	14-Aug-2020 21:55        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	dont worry monday  opening just buy it will go up above $2 soon small_cap      ( Date: 14-Aug-2020 21:52) Posted: yea 1.  either he' s a shortist  2. not in the game 3. sold too early guards80      ( Date: 14-Aug-2020 21:47) Posted: either havnt bought or or he shorted :
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small_cap Member	14-Aug-2020 21:52        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	yea 1.  either he' s a shortist  2. not in the game 3. sold too early guards80      ( Date: 14-Aug-2020 21:47) Posted: either havnt bought or or he shorted :P small_cap      ( Date: 14-Aug-2020 21:44) Posted: bro, next time dont short too muc
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guards80 Supreme	14-Aug-2020 21:47        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	either havnt bought or or he shorted :P small_cap      ( Date: 14-Aug-2020 21:44) Posted: bro, next time dont short too much RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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small_cap Member	14-Aug-2020 21:44        small_cap About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro, next time dont short too much RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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guards80 Supreme	14-Aug-2020 21:42        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	medtecs HY result 38,893,000USD Sri trang HY result 1,295,805,477baht can compare?   guards80      ( Date: 14-Aug-2020 21:36) Posted: but strange that medtecs no brokers house target price and also restricted from some brokers house RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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embracez Senior	14-Aug-2020 21:37        embracez About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got almost 333% YoY profit increase, what else you want ? disappointing ? Lol you must be a shortist at work la RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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guards80 Supreme	14-Aug-2020 21:36        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	but strange that medtecs no brokers house target price and also restricted from some brokers house RaymondChan90      ( Date: 14-Aug-2020 21:31) Posted: Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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RaymondChan90 Member	14-Aug-2020 21:31        RaymondChan90 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Important takeaway from STA report released in SGX. YOY net profit increase 305% and QoQ net profit increase 28% from 37.6m 1Q20 to 48.2m sgd 2Q20. Different from medtecs almost 1000% profit increase so cannot expect to rocket up like medtecs. Honestly, the increase in profit from Q1 to Q2 quite disappointing even with increasing ASP for gloves. Just my 2 cents...correct me if i am wrong.
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hantanbl Senior	14-Aug-2020 21:14        hantanbl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there any forum in Thai talking about shares/stock? I tried googling but can' t find any! For Medtecs, we have & sometime can get additional info from TWN side.
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limjoeseph Supreme	14-Aug-2020 21:06        limjoeseph About Contact  Quote this Post!
x 3   x 0  Alert Admin	I have been tracking the STA long term technicals Elliott Wave ABCDE Wave pattern and the B wave top is at the all time high of 41.2 Baht (S$1.82) and D wave top at 27 Baht was penetrated to test the high of 32.75 Baht recently before doing a short term correction down to 23.4 Baht which actually hit my buying zone at there about 24 Baht. As the 2nd quarters results turn out to be above mkt expectations' next week banks and brokerage house analysts probably revise higher target price of STA higher. The breaking of the high of 41.2 Baht will probably come sooner than expected touching 43 to 47 zone before profit taking likely to take place but that can be my moving traget for now before end september. Like I said in my past postings I am a buy and hold medium to long term investor within a 6 to 12 months period and I dont speculate. All these target projection are not fixed but at least if we are long, we may have a basis to harvest our profit in an overbot condition for us to follow the trend to buy into the next correctional dip. Citi banks target is a long term target of 71 Baht (S$3.13) probably for a 12 months period and I do not think that is a far fetched target after viewing strong potential earnings from STGT in the next few quarters of 56% contribution to STA for the next few quarters thereafter besides rubber prices having bottomed out in the month of March 2020 low for the rest of the year. Please do your own due diligence and if you are interested in knowing about technical indicators, you may goggle under the heading Sri Trang Agro SGX by Investing Com. Have an enjoyable weekend and I hope there is a market reaction upwards on monday's trading due to STA having performed much better after 2nd quarters result release today.
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guards80 Supreme	14-Aug-2020 20:54        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	for dividends they only give 1 year 1 time for FY result. i just check only wait4opp      ( Date: 14-Aug-2020 20:23) Posted: You are so negative...about STA........you must be the shortists..........giving all the discouaging remarks to make people fear......... Please go away if you are not our supporters..... shk363      ( Date: 14-Aug-2020 18:59) Posted: no dividend? sell on news
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den2328 Senior	14-Aug-2020 20:48        den2328 About Contact  Quote this Post!
x 1   x 0  Alert Admin	The revenue didn' t increase much because rubber price dropped and demand dropped. But these are compensated by the significant glove revenue. In fact, gross margin increased significantly which should be attributable to the higher ASP of gloves. But from July onwards, rubber price recovered alot more as confirmed by josephlim, and it is post lockdown period, so both segments of earnings would grow further. Agree with his medium term view that the company' s prospects are very bright. IhChin      ( Date: 14-Aug-2020 20:30) Posted: Good day people! From the great earning report, whats your view that 2Q is not better than 1Q?
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linguist Veteran	14-Aug-2020 20:42        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Bro Joeseph, for constantly encourgaing us and also provide valuable information for our learning.  Thanks to many others too for the knowledge for learning too.  Likely STGT/STA will have to calculate dividends, taking into consideration the earnings received by STA from STGT before the STGT IPO, as there is changes in shareholdings. So that future dividends to be declared to shareholders of SET-STGT, and shareholders of SET-STA can be calculated at a much " fairer" term & basis.  limjoeseph      ( Date: 14-Aug-2020 20:29) Posted: Interim dividend probably will be announced later for STA within this year. Next quarter STGT profits is expected to be 3.5 or 4 times of 1st quarter profits of 425 million bahts and probably a dividend will be give out as well by STGT to loyal supporters of STA as well. .
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easywin Supreme	14-Aug-2020 20:38        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	So Monday at opening still can add some more like happened to Medtecs $1.23 than end of day at $1.43
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linguist Veteran	14-Aug-2020 20:36        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	IPO of STGT, despite STA will drop the holding from 73% to 50.7%, note that the share holdings allocated to public market (SET-STGT) is only at 30%. Meaning, if you buy SET-STGT shares, you will receive dividends mainly on STGT earnings. (note that 50% shares is under STA, so naturally dividends declared will also be allocated accordingly to STA too, logically. But I can be wrong too, as I am not familiar with dividends reporting.) But, if you buy SET-STA shares, you will receive  dividends on the sum of (50% of STGT earnings + STA earnings + any other earnings received from its subsidiaries and investments).    Thus, group share price should usually fare higher than the subsidiary, unless in rare cases that the group is a miniority shareholder of the company (then, in those cases, the company shall not be considered as a subsidiary of the group, on paper terms) tangoanna      ( Date: 14-Aug-2020 19:58) Posted: After the share sale of Sri Trang Gloves Thailand (STGT), its parent company Sri Trang Agro Industry (STA) will reduce holdings from 73% to 50.7%. (just for reference, how much of STGT STA owns.
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