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Latest Forum Topics / Sri Trang Agro    Last:0.71    +0.005  Post Reply
Glove counter with more than 261 pc upside!
limjoeseph
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14-Aug-2020 16:24     
 
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 Alert Admin 		Lets wait for the result release probably I can get it at about 5.45 pm to pen my thoughts.
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BB-trader
Veteran
14-Aug-2020 16:21     
 
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 Alert Admin 		may not like that of medtec 10x increase profit, only need 2x or 3x enough, jump to 1.4~1.5 will be very happy liao

1c2e3s      ( Date: 14-Aug-2020 16:11) Posted:

but if the result is so superb good, will monday show example price $2 or have to climb up from the previous pricing?

limjoeseph      ( Date: 14-Aug-2020 15:56) Posted:

This evening result holds the key to STA mkt direction thereafter. Above mkt expectation profits over 1st quarter results will set the pace for the next upside mkt but a below expectation results will probably sent STA Thai down to the 22 Baht level. Lets hope for a surprise for above expectation results as UOB posted an estimated result of 660 Baht below the first quarter result at 854 Baht in July report release. No matter what, STA counter is still undervalued for buy and hold medium to long term investors until 1st half June 2021 for me as I have done my due diligence and have my own personal conviction on this well managed company as compared to other public listed company in Thailand or Singapore Patience with strong hands to hold on to STA counter will eventually pay off in price appreciation but not a speculation counter.


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1c2e3s
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14-Aug-2020 16:11     
 
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 Alert Admin 		but if the result is so superb good, will monday show example price $2 or have to climb up from the previous pricing?

limjoeseph      ( Date: 14-Aug-2020 15:56) Posted:

This evening result holds the key to STA mkt direction thereafter. Above mkt expectation profits over 1st quarter results will set the pace for the next upside mkt but a below expectation results will probably sent STA Thai down to the 22 Baht level. Lets hope for a surprise for above expectation results as UOB posted an estimated result of 660 Baht below the first quarter result at 854 Baht in July report release. No matter what, STA counter is still undervalued for buy and hold medium to long term investors until 1st half June 2021 for me as I have done my due diligence and have my own personal conviction on this well managed company as compared to other public listed company in Thailand or Singapore Patience with strong hands to hold on to STA counter will eventually pay off in price appreciation but not a speculation counter.

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3dw1nchu4
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14-Aug-2020 16:11     
 
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 Alert Admin 		As at 4.10pm:
Buy up :  4,706,100  shares
Sell down:  2,219,600  shares

Wonder how many who sell down are selling shares they own  cheeky

3dw1nchu4      ( Date: 14-Aug-2020 15:11) Posted:

As at 3.10pm:
Buy up :  4,097,500  shares
Sell down:  1,830,400  shares

Looking good  laugh
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guards80
Supreme
14-Aug-2020 16:09     
 
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 Alert Admin 		Becoz he queue buy at 1.180 mah haha

look@bright      ( Date: 14-Aug-2020 16:08) Posted:

how u know retailers lose. you don' t sell u don' t lose. so many wanna thank them, so happy can collect cheap.

tritonyeah666      ( Date: 14-Aug-2020 16:05) Posted:

oops back to 1.18 later. BBs win. Retailers lose.
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look@bright
Elite
14-Aug-2020 16:08     
 
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 Alert Admin 		how u know retailers lose. you don' t sell u don' t lose. so many wanna thank them, so happy can collect cheap.

tritonyeah666      ( Date: 14-Aug-2020 16:05) Posted:

oops back to 1.18 later. BBs win. Retailers lose.
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tritonyeah666
Elite
14-Aug-2020 16:05     
 
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 Alert Admin 		oops back to 1.18 later. BBs win. Retailers lose.
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guards80
Supreme
14-Aug-2020 15:58     
 
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 Alert Admin 		They should cover soon 

3dw1nchu4      ( Date: 14-Aug-2020 15:57) Posted:

Looks like shortists doing a hail mary. Wish them luck!
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3dw1nchu4
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14-Aug-2020 15:57     
 
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 Alert Admin 		Looks like shortists doing a hail mary. Wish them luck!
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BB-trader
Veteran
14-Aug-2020 15:57     
 
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 Alert Admin 		looks not a good moving direction

linguist      ( Date: 14-Aug-2020 15:47) Posted:

will there be heavy movement from 4pm onwards....? hmmm.... 

tritonyeah666      ( Date: 14-Aug-2020 15:43) Posted:

Its either going to be 1.48 or 1.08 haha. outcome will be binary.
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limjoeseph
Supreme
14-Aug-2020 15:56     
 
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 Alert Admin 		This evening result holds the key to STA mkt direction thereafter. Above mkt expectation profits over 1st quarter results will set the pace for the next upside mkt but a below expectation results will probably sent STA Thai down to the 22 Baht level. Lets hope for a surprise for above expectation results as UOB posted an estimated result of 660 Baht below the first quarter result at 854 Baht in July report release. No matter what, STA counter is still undervalued for buy and hold medium to long term investors until 1st half June 2021 for me as I have done my due diligence and have my own personal conviction on this well managed company as compared to other public listed company in Thailand or Singapore Patience with strong hands to hold on to STA counter will eventually pay off in price appreciation but not a speculation counter.
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guards80
Supreme
14-Aug-2020 15:52     
 
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 Alert Admin 		unlike going 1.080 maybe hop around 1.200 to 1.300

linguist      ( Date: 14-Aug-2020 15:47) Posted:

will there be heavy movement from 4pm onwards....? hmmm.... 

tritonyeah666      ( Date: 14-Aug-2020 15:43) Posted:

Its either going to be 1.48 or 1.08 haha. outcome will be binary.
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Battle123
Elite
14-Aug-2020 15:52     
 
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 Alert Admin 		not sure got last min show a not leh


 
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crystalbee
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14-Aug-2020 15:50     
 
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 Alert Admin 		How come your algorithm software like that today?  Always thought machine  can  always  decide on 1 price....something new to me    

tritonyeah666      ( Date: 14-Aug-2020 15:43) Posted:

Its either going to be 1.48 or 1.08 haha. outcome will be binary.
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linguist
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14-Aug-2020 15:47     
 
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 Alert Admin 		will there be heavy movement from 4pm onwards....? hmmm.... 

tritonyeah666      ( Date: 14-Aug-2020 15:43) Posted:

Its either going to be 1.48 or 1.08 haha. outcome will be binary.
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yamseng
Supreme
14-Aug-2020 15:45     
 
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 Alert Admin 		BB very good at controlling the price movement,,,
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1c2e3s
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14-Aug-2020 15:44     
 
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 Alert Admin 		ya this long term target for december

Longtermer      ( Date: 14-Aug-2020 15:17) Posted:


Just for those who did not read this report, repost for your understanding..
At $1.25 now, the counter has much room to move up.
Results tonight will confirm the valuation.. Hold tight.

---
SRI TRANG AGRO:
Target price raised to 71 baht (S$3.14) by Citi Research

A sharp correction happened to the stock prices of glove manufacturers in the last few days on Russian vaccine news. But a long Citi research report (62 pages, no less!) on the industry and its top players, published on 11 Aug, raised earnings forecasts and target prices for Asean glove makers.
" Even with a vaccine, a structural step-up in gloves usage is on the cards as the pandemic may well accelerate the narrowing of the gap between EM (emerging markets) and DM (developed markets) gloves consumption."

Considering continued surging demand versus planned capacity increases in the industry, Citi argued that average selling prices of gloves would continue to rise till 1Q CY21, before levelling off/normalizing.

" The emergence of spot orders (2-3x higher ASPs) is also pushing up blended ASPs the impact on earnings and margins when costs are flattish/declining is being underappreciated by the Street, in our view."
On the Singapore Exchange, the glove stocks are Riverstone, UG Healthcare and Top Glove. And there is Sri Trang Agro.
Sri Trang Agro is lesser known among Singapore investors partly because there is no analyst coverage out of Singapore, and it' s not a 100% glove business.
Instead, located in Thailand, its vast business spans the entire natural rubber supply chain from plantations to latex processing to glove manufacturing.

In July 2020, it spun off its glove manufacturing business on the Bangkok Stock Exchange, retaining a 56% interest in Sri Trang Gloves.
Sri Trang Agro, according to the Citi report, is " an inexpensive proxy to the world& rsquo s third largest glove-maker" which has a production capacity of 33 billion gloves a year.
Year-to-date, Sri Trang Agro stock has risen from 44 cents to $1.18 for a market cap of S$1.7 billion.  The stock is also listed on the Bangkok Stock Exchange.

The Citi report authored by Megat Fais, CFA raised its Sum-of-the-Parts target price of Sri Trang Agro to Bt71.00 (from Bt39.80), or the equivalent of S$3.14.  Citi said this is mainly on higher valuation for Sri Trang Agro& rsquo s 56%-owned Sri Trang Gloves after revising higher its ASP assumptions for Sri Trang Gloves. At the Sri Trang Agro level, FY20-22E earnings are raised by 50-136%.

Citi forecasted 4.6 billion baht net profit for 2020 (EPS: 2.99 baht, 13 sgd cents). Next year (2021) is expected to see a huge net profit: 9.3 billion baht (EPS: 6.06 baht, 27 sgd cents). Citi said the bulk of Sri Trang Agro& rsquo s TP is still derived from Sri Trang Gloves.
Citi ascribed a higher holding company discount of 30% (previously: 10%) as the " muted outlook" at the parent company& rsquo s midstream businesses may see investors preferring to take a direct exposure to Sri Trang Gloves.
 

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guards80
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14-Aug-2020 15:44     
 
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 Alert Admin 		http://www.investing.com/equities/sri-trang-agro

Careful2020      ( Date: 14-Aug-2020 15:40) Posted:

Bro Guards80, where can I see the STA Thailand price? Thanks.

guards80      ( Date: 14-Aug-2020 15:27) Posted:

Later thailand STA matching 27.75?
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tritonyeah666
Elite
14-Aug-2020 15:43     
 
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 Alert Admin 		Its either going to be 1.48 or 1.08 haha. outcome will be binary.
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guards80
Supreme
14-Aug-2020 15:42     
 
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 Alert Admin 		Here

guards80      ( Date: 14-Aug-2020 13:58) Posted:

http://marketdata.set.or.th/mkt/stockquotation.do?symbol=STA& %20ssoPageId=1& %20language=th& %20country=TH

guards80      ( Date: 14-Aug-2020 13:57) Posted:

Posting link can use http:// so that can get linke
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