Sri Trang Agro    Last:0.72   -

Thai Sri Trang sets IPO price at S$1.20

Good news. Thks for the info.

WBdisciple      ( Date: 20-Nov-2020 22:12) Posted: STGT Hikes 3% to ฿ 72.50 in Anticipation of the FTSE Inclusion,  Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation, The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) rose ฿ 2.00/share or 2.84% to trade at ฿ 72.50/share with a trading value of 789 million baht as of 15:15 local time in Thailand.   STGT slowly recovered from a slump over the past two weeks as the world cheered on a potential growth that MSCI included the stock into its Global Standard Index, which would come into effect as of the closing of November 30, 2020.  Meanwhile, STGT is expected to be included in FTSE All World as well. The announcement will be announced later today. Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation, as the net profit in 3Q20 which reported at 4,402 million baht was better than the market&rsquo s forecasts by 31-88%. Its net profit rose 3459% YoY and 316% QoQ due to higher average selling price by 89% YoY and 73% QoQ. CNS expected STGT to report a net profit for 4Q at 5,227 million baht as the security company projected the selling prices could edge higher by 20% compared to the previous quarter. Moreover, STGT would have a backlog to recognize until at least 1Q22.

 

STGT Hikes 3% to ฿ 72.50 in Anticipation of the FTSE Inclusion, 

Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation,

The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) rose ฿ 2.00/share or 2.84% to trade at ฿ 72.50/share with a trading value of 789 million baht as of 15:15 local time in Thailand.   STGT slowly recovered from a slump over the past two weeks as the world cheered on a potential growth that MSCI included the stock into its Global Standard Index, which would come into effect as of the closing of November 30, 2020. 

Meanwhile, STGT is expected to be included in FTSE All World as well. The announcement will be announced later today.

Capital Nomura Securities (CNS) upgraded its target price for STGT from ฿ 89.00/share to ฿ 140/share, maintaining a &ldquo BUY&rdquo recommendation, as the net profit in 3Q20 which reported at 4,402 million baht was better than the market&rsquo s forecasts by 31-88%. Its net profit rose 3459% YoY and 316% QoQ due to higher average selling price by 89% YoY and 73% QoQ. CNS expected STGT to report a net profit for 4Q at 5,227 million baht as the security company projected the selling prices could edge higher by 20% compared to the previous quarter. Moreover, STGT would have a backlog to recognize until at least 1Q22.

 

https://www.kaohoon.com/content/404224

 

Really ? Next week let's see....


Huat ah...

tritonyeah666      ( Date: 20-Nov-2020 17:44) Posted: Seeing is believing. Seeing the price I mean.

 

investors see the value, and the value will eventually reflect in the price. traders see short term pricing. no right no wrong, i guess.....

 

Seeing is believing. Seeing the price I mean.

 

https://www.channelnewsasia.com/news/commentary/vaccine-pfizer-moderna-work-treat-covid-19-covax-effective-13591734

Read...

 

Sgx announcement 1pm. Executive Director share buyback at B26. Although only 70000 it still a good sign

 

No wonder so much money poured in for gloves stocks.... Wah.... Pm leeee veli power.....

One words, money come in support ppe liao...


Huat ah

OngBak      ( Date: 20-Nov-2020 13:37) Posted: PM Lee Said COVID-19 Vaccine Might Only Have an Impact by 2022 & to Expect More Imported Cases Stay safe, And huat.

 

PM Lee Said COVID-19 Vaccine Might Only Have an Impact by 2022 & to Expect More Imported Cases Stay safe, And huat.

 

https://links.sgx.com/1.0.0/corporate-announcements/3Q8A14VD0MHTT2CO/4cffdbbc1853d11ba615a5847b0c946644d57fe731f7024d33d517dbee83f221


link is here, but you have to ownself copy manually and paste into the web bar instead of clicking directly. After that just scroll down there will be a pdf attachment on STA' s Q3 presentation and outlook.

Ligaya      ( Date: 20-Nov-2020 10:40) Posted: if have can pm me boh kennyzeng21      ( Date: 20-Nov-2020 05:39) Posted: they indicated what. u can read UOB analyst summarised report if the financial statement too complicate

 

Market will drive and adjust accordingly, mark the sentiment, not your words

tritonyeah666      ( Date: 19-Nov-2020 21:17) Posted: whatever " bullish" arguments you guys are making, just keep looking at STA price man, it will go down to 0.80 cents slowly and surely. mark my words.

 

if have can pm me boh

kennyzeng21      ( Date: 20-Nov-2020 05:39) Posted: they indicated what. u can read UOB analyst summarised report if the financial statement too complicated Ligaya      ( Date: 19-Nov-2020 21:07) Posted: Well presented Jokerlive, thks! You can see the rubber potential. Thailand is quick to roll out the RCEP initiatives so probably will change the rubber to gloves equation soon. Rubber revenue is intertwined with gloves and current market sentiment is sensitive to vaccines. Technically is bearish and once $1.09 is breached it may retest $1 and below so a good stomach is require. Lets see if vaccine sentiment will normalize with rubber at current price range. Btw, they do not indicate the absolute net profit of rubber and gloves separately. There is a flexibility over other pure gloves players by accounting the gross profit of rubber and gloves to give a net profit of 2084.4m baht (hybrid net) since the raw materials can be procured as upstream to downstream according to rubber prices. Correct me if i am wrong

 

Concur...Medical supplies are an important part of this long process towards recovery.

Medical supplies complement rather than compete with vaccines to fight covid-19. 

 

I agree vaccines are no magic pill. There is still a long way to recovery or normalcy especially for those countries  presently with triple digits number of active cases. This covid-19 virus is very new to us.  At first the  virus caused a few symptoms then later more and more symptoms  even  medical experts are on  " discovery" mode.  So I think there is possibility that  vaccines may have to be tweaked for effectiveness.  Virus mutations can happen too. It is premature to say we are  half way through the fight against covid-19. Medical supplies  are an important part  of this  long  process towards recovery. Medical supplies complement rather than  compete with  vaccines to fight covid-19. 

 

Vaccines won' t arrive in time to defeat 2nd wave: WHO
They should not be seen as ' unicorn' magic solution and countries have to battle virus resurgence without them
  Dr Michael Ryan, the World Health Organisation' s emergencies director, has warned against slackening off individual vigilance against the virus in the mistaken belief that vaccines would now solve the problem instead.

GENEVA &bull The World Health Organisation' s (WHO) emergencies director warned that vaccines would not arrive in time to defeat the second wave of the Covid-19 pandemic.

The WHO' s Dr Michael Ryan said on Wednesday that vaccines should not be seen as a " unicorn" magic solution - and countries battling a resurgence of the virus would once again have to " climb this mountain" without them.

" I think it' s at least four to six months before we have significant levels of vaccination going on anywhere," he said, during a public question-and-answer session live on social media.

Despite recent promising announcements from final-phase candidate vaccine trials, " we' re not there with vaccines yet" , said Dr Ryan. " Many countries are going through this wave, and they' re going to go through this wave, and continue through this wave, without vaccines.

" We need to understand and internalise that, and realise: We have got to climb this mountain this time, without vaccines."

Pfizer said on Wednesday that a completed study of its experimental vaccine showed it was 95 per cent effective, while fellow United States firm Moderna said this week that its own candidate was 94.5 per cent effective.

Russia claims its candidate is more than 90 per cent effective.

Dr Ryan warned against slackening off individual vigilance against the virus in the mistaken belief that vaccines would now solve the problem instead.

" Some people think a vaccine will be, in a sense, the solution: the unicorn we' ve all been chasing. It' s not," the Irishman said. " If we add vaccines and forget the other things, Covid does not go to zero."

The number of new Covid-19 cases in Europe declined last week for the first time in over three months, but deaths in the region continued to climb, WHO data showed on Wednesday.

55.6m
Number of Covid-19 cases registered worldwide since the outbreak emerged in China last December, with more than 1.3 million people killed.

While at least 55.6 million cases worldwide have been registered since the outbreak emerged in China last December, the coronavirus has killed more than 1.3 million people around the globe, according to a tally from official sources compiled by Agence France-Presse.

NOT THERE YET
I think it' s at least four to six months before we have significant levels of vaccination going on anywhere... We need to understand and internalise that, and realise: We have got to climb this mountain this time, without vaccines.

DR MICHAEL RYAN, THE WORLD HEALTH ORGANISATION' S EMERGENCIES DIRECTOR.
 
Dr Ryan voiced concerns about how the pandemic has left many bereaved grandchildren who have been unable to go through the normal grieving process due to the restrictions imposed to combat the virus.

" A lot of kids in this have lost grandparents," he said. " There' s quite a bit of trauma out there amongst kids. The grieving process for kids - it' s tough, because you don' t have all the natural things: the funeral situation, you don' t get to say goodbye, you don' t have the gatherings, so it' s grieving interrupted.

" I am concerned if the child' s need to grieve the loss of a grandparent has been interrupted, because that has a lifelong impact."

 

they indicated what. u can read UOB analyst summarised report if the financial statement too complicated

Ligaya      ( Date: 19-Nov-2020 21:07) Posted: Well presented Jokerlive, thks! You can see the rubber potential. Thailand is quick to roll out the RCEP initiatives so probably will change the rubber to gloves equation soon. Rubber revenue is intertwined with gloves and current market sentiment is sensitive to vaccines. Technically is bearish and once $1.09 is breached it may retest $1 and below so a good stomach is require. Lets see if vaccine sentiment will normalize with rubber at current price range. Btw, they do not indicate the absolute net profit of rubber and gloves separately. There is a flexibility over other pure gloves players by accounting the gross profit of rubber and gloves to give a net profit of 2084.4m baht (hybrid net) since the raw materials can be procured as upstream to downstream according to rubber prices. Correct me if i am wrong. Jokerlive      ( Date: 19-Nov-2020 19:12) Posted: Hi all longist, please have faith as we are starting to see a huge demand from China in their rubber consumptions. Part of the reason is also due to the hyping up of electric vehicles to be full integrated into whole of China by 2025. By then, we would start seeing other countries hoping on board the same EV hype as well and definitely tyres and rubber parts for vehicles will definitely increase (Imagine the amount of gasoline cars we have in this world now, and think of the amount that needs to be fully replaced by then for the entire globe if every country by then starts implementing laws for Electric vehicles to be implemented). That is enough for a huge incraese for rubber parts (and this is not even including other non tyre/rubber components). 40++% revenue currently off china while they are recovering from the covid period already, will definitely see an increase sooner or later especially with the EV hype in China now. Other countries are still recovering, and when they recover, definitely will return to post covid rubber demand level. Europe gov also say they wanna start implementing EVs, start up constuction sites to develop ev vehicles, definitely will also need more rubber and all also. Look at  1st pic, natural rubber demand is expected to go higher and higher while supply is definitely going lower and and lower, which is expected to result in a deficit of rubber supply in the future (though quite far ahead).  2nd pic  shows that Thailand themselves are already a major producer in the Rubber sector, no other country come close to that huge 30+ % level. You can see where we are going when the supply gets lesser and lesser (rubber prices go higher and higher) With that, look at the  3rd picture. price adjustments for gloves and all definitely will go higher as we see a shortage in gloves worldwide. Look at  picture pic 4, for all PPE products in 2018, Gloves already account for 25% worldwide. Now we talking about 2020 where this virus thing happened. Even with vaccines and all, people are definitely going to start being extra cautious about how they approach health and safety. In fact, we can start seeing a huge demand from medical facilities and gov stockpiling more PPE products in the later years to prep for another event like this. And this is revealed by our Sri Trang to jump on this " opportunity" through their gloves expansion plan on their facilities. Many of you are still worried about this company regarding their " normal rubber business outlook" . Take a look at  Picture 5, we see in 9m2020 that utilisation rate of their rubber operation facilities for this nine months only at 52%.Why? Cus of trade war and all the virus going on, business was quite affected that' s why. So in the near future when everything resolves, wont you expect the utilisation rate to increase? (Meaning more sales) Look at  Picture 6  on recovery of natural rubber consumption by country. We see china being about 46% of overall rubber sales because china recover quite well from the virus period alr right? On top of the EV hype and all that shit, and soon to possibly curb trade war regulations with our new US president Biden. Now if we look at other countries, we realise something, they are still recovering, which means that Sri trang definitely haven' t reach its peak of the business yet in terms of revenue and all the sales here and there.  So ya here just my take, not tryna convince all of you, but at least look and study instead of tryna panic sell and lose money and shit. Least you guys could do if yall already losing money would be to average down. No doubt this company will have good future prospects. Everyth on the news currently is just hysteria invoking, just like myopic people who can' t see that far away tryna run because of some " news" that sparked them. View the world of investing like Warren Buffet and Miller. Value isn' t seen in present or past, look ahead at it' s future prospect to see if it' s cheap compared with the rest of the companies out there.

 

give a timeline la. let' s bet a KFC meal. dun tell me 4 yrs later. 

tritonyeah666      ( Date: 19-Nov-2020 21:17) Posted: whatever " bullish" arguments you guys are making, just keep looking at STA price man, it will go down to 0.80 cents slowly and surely. mark my words.

 

https://www.bloomberg.com/news/articles/2020-11-19/oxford-study-confirms-covid-shot-s-response-in-older-adults?srnd=premium-asia

 

whatever " bullish" arguments you guys are making, just keep looking at STA price man, it will go down to 0.80 cents slowly and surely. mark my words.