Latest Forum Topics / Sri Trang Agro Last:0.855 -- |
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Glove counter with more than 261 pc upside!
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limjoeseph
Supreme |
07-Oct-2020 12:56
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STA Thai range getting narrower between 27 and 29.50 bahts. Looking forward to a breakup probably next week above 29.50 baht and closing above it to signal trend reversal from downside to upside which will portend dip buyers' mkt. But who knows, may come sooner than expected!! Do your own due diligence!! | ||||
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limjoeseph
Supreme |
06-Oct-2020 13:06
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Food For Thought: The Long Term view, the view from 30,000 feet, is the only way to make successful decisions. Short-term views are presented to give market participants a feel for the current situation. It should be noted that strategic investment decisions should NOT be based on any short-term views. These views contain a lot of noise and will lead an investor into whipsaw action that tends to detract from the overall performance." The technical strength of STA Thai being the lead mkt is more constructive than STA Sing. The positive alignment of the 2 Short Term SMA and EMA is more than enough to reverse the downward trend to upward trend probably from today onwards as the Medium to Long Term Upward Trend is still intact. Besides, the strong earnings of STA for the next few quarters report on foward visibility will rule the day. Short Term: Major Support for STA Thai at 27.00 bahts now. Breaking above 29.50 Bahts and closing above it will signal reversal to upside. Medium Term: Uptrend Long Term: Uptrend Please do your own due diligence as the above is subject to change to suit mkt conditions!!! | ||||
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limjoeseph
Supreme |
06-Oct-2020 11:39
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Recent STA Sing heavy selling by weak retail holders from 1.23 down to 1.14 were absorbed by some smart long term investors looking for dividend play and price appreciation on potential strong earning by STA 3rd quaters results. Very true last week the STA Sing short term technicals looked rather sick but the lead mkt STA Thai short term technicals look rather constructive. We already know the strong fundamentals of STA Thai but only this week the short term indicators have more or less aligned with the strong fundamentals setting the tone for future price appreciation over the next quarters which will beneficial for any buy and hold smart investors viewing at least 12 months earnings visibility. Please note that mkt is never linear and any short term over bought condition will attract profit taking. If you are a smart investor, you will not let short term gyrations cloud your medium to term investment for a buy and hold investment. Only contra players and short term traders need to worry about unsuspecting short term mkt corrections basis overbought technical indicators if these mkt particpants are on the buying side. My present prognosis as follows which are subject to change to suit mkt conditions as follow: Short Term: Uptrend when STA Thai breaks and closes above 29.50 baht convincingly. Medium Term: Uptrend Long Term: Uptrend Pl do your own due diligence accordingly!! | ||||
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RyanAB
Member |
06-Oct-2020 11:10
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hotelgrand
Master |
06-Oct-2020 11:07
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Worst is over...those need to sell.already out..now $1.24.. | ||||
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limjoeseph
Supreme |
06-Oct-2020 11:02
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I say one more time: "Expect The Unexoected For STA Thai"!!!! | ||||
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limjoeseph
Supreme |
06-Oct-2020 10:43
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For the past 2 trading days this month of October, Thai NVDR showing foreign institutions were net buyers for STA/STGT. Just waiting patiently for local institutions or maybe even foreign institutions buying may surface in due course on strong earnings visibilty for the next few quarters for STA. Smart investors just need to be patient in sitting out short term mkt gyrations and not let unwarranted negative news cloud their judgement for a buy and hold in STA as high probably of STA springing a big surprise in their 3rd quarters result reporting. According to SETS regulations, insiders are not permitted to buy STA shares 1 month before and after 13 November finanacial release. Does the insider's purchase of 1 million shares of STA at 27.75 baht on 2nd October, Khun Chairos already know some favouranle news in respect of STA 3rd quarters results release that the man in the streets do not know??? Pl do your due diligence accordingly as recently STA Sing in currency terms has been trading at a slight discount to STA Thai recently. | ||||
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crystalbee
Veteran |
05-Oct-2020 14:26
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Agree. Good if Thailand Government Pension Fund can buy stake in STA Thai in SET just like what M' sia EPF is doing buying shares in Msian glove counters. To help STA SG, best that they buy STA TH instead of STGT since STA TH at around THB 28....more " value" ....with 56% profits from gloves biz but cost around 35% of STGT share price. Can have win-win situation, support local industry and earn higher returns for pension fund. Then STA TH can pull up STA SG. Market sentiment as important as company profits.   
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limjoeseph
Supreme |
05-Oct-2020 13:17
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For the whole of September month, foreign institutions were net buyers of STA Thai, the lead market. STGT also attracted foreign buying in Sept month as well with friday' foreign institutions buying about 9.3 million shares. Happy days just to sit out your investments and patiently waiting for big surprise on STA Thai 3rd quarters quarters result release on 13 November. Short term technicals showing signs of a potential breakup above 29.50 bahts key resistance for the whole of this week with strong support at 26.00 bahts. Medium to Long Term Trend: Strong technicals showing uptrend intact. Fundamentals: STA is a good value fundamentally sound company for medium to long term buy and hold investors on humongous earnings contribution from STGT for the next few quarters besides enjoying the 56% of STGT without paying full value to be invested in STGT. Do your own due diligence to decide whether investing in STA makes sense!!! | ||||
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den2328
Senior |
05-Oct-2020 11:32
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Both STGT and STA are up in SET with good volume. Looks positive! | ||||
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alvinlsm
Veteran |
04-Oct-2020 17:38
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Hahaaa well said . I think that he do not understand this word . FYI ,  Q2 result has already out few weeks back and this counter is making more money than all the gloves companies . I do not think Q3 they will not be making profit . It is just that this counter lack of market sentiment . Nothing to do with profits .
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limjoeseph
Supreme |
04-Oct-2020 16:53
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If your prognosis on STA rubber division will be reporting a loss 3rd quarters, then suggest you sell short and hope to profit from a mkt drop to prove your point. Don't have to instigate others from investing in a value and fundamentally sound company for the next few quarters for dividend play and potential price appreciation by using my name to cover your backside!!! I suspect you are trying to influence weak holders to cut lossess at present levels whatever your motives are. Haha, you cannot even get a simple fact that STA holds 56% of STGT right!! How then to be an influencer on other mkt participants?? Just an empty vessel without substance!!! | ||||
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shadow11
Veteran |
04-Oct-2020 16:40
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Last call.
Q3 Rubber segment reporting loss .
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Longtermer
Elite |
04-Oct-2020 16:27
Yells: "A disciplined investor is a wealthy investor" |
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Rubber rising on glove and tyre demand 2 Oct 2020 Thailand is likely to see higher shipments of rubber, increasing 3.19% this year, because of rising demand for rubber gloves and auto tyres, as well as the government' s proactive approach to promote rubber exports. Speaking after meeting on Thursday  with the International Trade Promotion Department, Rubber Authority of Thailand and rubber cooperatives, Commerce Minister Jurin Laksanawisit said Thailand' s rubber products are expected to fetch 359 billion baht this year, 3.19% higher than 2019. Natural rubber shipments are expected to drop by 5% to 122 billion baht by year-end.. ----------- Bro, do need to see the whole picture.. The report clearly mentioned higher shipments of rubber. It is a known fact that the Thai gov has been pushing for more higher value downstream rubber products eg gloves and tyres etc .. With the Covid19 still not under control, the rubber industry is doing pretty well imo. STA will benefit from the increased shipment as manufacturer and suppliers for both raw rubber and rubber products.  Coming results will be good due to both raw rubber and gloves doing well in the improving market environment.  Dyodd as always.  Vested.  
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limjoeseph
Supreme |
04-Oct-2020 16:09
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Haha investing in STA is ones' perogative. Own money, own target. Only an ignorant person like you does not understand the word "due diligence"!! | ||||
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shadow11
Veteran |
04-Oct-2020 15:44
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Don't hai lang LA.
Q3 Rubber segment reporting loss . Though Glove segment now 51% can cover the hole. Quarter to quarter drop Lo. Hahah. I only know u are hai lang only. Don't even care who u are.
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limjoeseph
Supreme |
04-Oct-2020 15:03
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Haha if only u know my background before you spout rubbish!!! | ||||
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den2328
Senior |
04-Oct-2020 13:33
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shadow11
Veteran |
04-Oct-2020 13:28
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Ist u tell ppl that u from rubber fraternity means u wan this to substatiate ur findings.
Then now u telling me that I dunno who u are. Lol. So funni. Go see the result LA next mth. Stop the nonsense.
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shadow11
Veteran |
04-Oct-2020 13:25
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Forward look the forward look.
U wan to forward how many time.
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