Sri Trang Agro    Last:0.71    +0.01

SRI TRANG GLOVES, A NEW BEGINNING ON 10 MAY 2021

Due Diligence is warranted 

tonyja      ( Date: 15-May-2021 10:47) Posted:

 

Tan , don' t share around with ur friend and In the chatgroup

 

 

TODAY' S FOOD FOR   THOUGHT FOR THE BENEFIT OF NEW READERS:

The Medium to Long Term view, the View from 30,000 feet, is the only way to make Successful Decisions.

Short Term Technical Charts   or Unsuspecting Short Term News Events are presented to give Market Participants a feel for the Current Situation.

It should be noted that Medium to Long Term   Strategic Investment Decisions should NOT be based on any Short Term Charts or Unsuspecting News Events mostly used by Contra and Short Term Traders which is suggested that such Market Participants   Trade with Stop Lossess to Suit their Risk Appetite.

These Short Term   Technicals or Short Term News Events will lead a Medium to Long Term   Investors into Whipsaw Action that tends to detract from the Overall Performance.

But I must caution that Investors review their Investment Portfolios periodically to Assess whether there are any Change of Fundamentals   that will Derail their Investments and they Must be willing to make the Necessary Changes to their Portfolios   when the Need Arises to suit their Risk Appetite. 

As Usual,   Due Diligence is Warranted on   Judgemental Call as Own Money Own Target.  

NB: 

There is no Guarantee in Investing   but yet it is better than parking excess Cash in the Bank to Earn Pittance Interest.

Fundamentally, it is Earnings that will matter at the end of the day for STGT' s Investors as It is a Fundamentally Sound Company with Growth Potential   and   Future Decent Dividend Payout.

limjoeseph      ( Date: 15-May-2021 06:02) Posted: TODAY'S FOOD FOR THOUGHT FOR THE BENEFIT OF NEW READERS: The Medium to Long Term view, the View from 30,000 feet, is the only way to make Successful Decisions. Short Term Technical Charts or Unsuspecting Short Term News Events are presented to give Market Participants a feel for the Current Situation. It should be noted that Medium to Long Term Strategic Investment Decisions should NOT be based on any Short Term Charts or Unsuspecting News Events mostly used by Contra and Short Term Traders which is suggested that such Market Participants Trade with Stop Lossess to Suit their Risk Appetite. These Short Term Technicals or Short Term News Events will lead a Medium to Long Term Investors into Whipsaw Action that tends to detract from the Overall Performance. But I must caution that Investors review their Investment Portfolios periodically to Assess whether there are any Change of Fundamentals that will Derail their Investments and they Must be willing to make the Necessary Changes to their Portfolios when the Need Arises to suit their Risk Appetite. As Usual, Due Diligence is Warranted on Judgemental Call as Own Money Own Target. NB: There is no Guarantee in Investing but yet it is better than parking excess Cash in the Bank to Earn Pittance Interest. Fundamentally, it is Earnings that will matter at the end of the day for STGT's Investors as It is a Fundamentally Sound Company with Growth Potential and Future Decent Dividend Payout.

 

TODAY'S FOOD FOR THOUGHT FOR THE BENEFIT OF NEW READERS: The Medium to Long Term view, the View from 30,000 feet, is the only way to make Successful Decisions. Short Term Technical Charts or Unsuspecting Short Term News Events are presented to give Market Participants a feel for the Current Situation. It should be noted that Medium to Long Term Strategic Investment Decisions should NOT be based on any Short Term Charts or Unsuspecting News Events mostly used by Contra and Short Term Traders which is suggested that such Market Participants Trade with Stop Lossess to Suit their Risk Appetite. These Short Term Technicals or Short Term News Events will lead a Medium to Long Term Investors into Whipsaw Action that tends to detract from the Overall Performance. But I must caution that Investors review their Investment Portfolios periodically to Assess whether there are any Change of Fundamentals that will Derail their Investments and they Must be willing to make the Necessary Changes to their Portfolios when the Need Arises to suit their Risk Appetite. As Usual, Due Diligence is Warranted on Judgemental Call as Own Money Own Target. NB: There is no Guarantee in Investing but yet it is better than parking excess Cash in the Bank to Earn Pittance Interest. Fundamentally, it is Earnings that will matter at the end of the day for STGT's Investors as It is a Fundamentally Sound Company with Growth Potential and Future Decent Dividend Payout.

 

Referencing Alpine' s ABCDEF Pattern being broken upwards hitting all time high of 48.25 bahts today on bog volume and closing above the all time high of (B) Resistance at 47.25 bahts convincingly, 

I, now have a Fibonacci minimum 1% to 1.236% Extension between 63.75 and 71.00 bahts range which technically I am the opinion that target price will be self fulfilling as the 2nd quarters profits basis STGT' s Glove ASP at about US$80 per box with a projected sales of 7162 Billion Gloves will earn STGT a minimum humongous profits of US$370 million.

limjoeseph      ( Date: 14-May-2021 23:10) Posted: Referencing Alpine's ABCDEF Pattern being broken upwards hitting all time high of 48.25 bahts today on bog volume and closing above the all time high of (B) Resistance at 47.25 bahts convincingly, I, now have a Fibonacci minimum 1% to 1.236% Extension between 63.75 and 71.00 bahts range which technically I am the opinion that target price will be self fulfilling as the 2nd quarters profits basis STGT's Glove ASP at about US$80 per box with a projected sales of 7162 Billion Gloves will earn STGT a minimum humongous profits of US$370 million.

 

Referencing Alpine's ABCDEF Pattern being broken upwards hitting all time high of 48.25 bahts today on bog volume and closing above the all time high of (B) Resistance at 47.25 bahts convincingly, I, now have a Fibonacci minimum 1% to 1.236% Extension between 63.75 and 71.00 bahts range which technically I am the opinion that target price will be self fulfilling as the 2nd quarters profits basis STGT's Glove ASP at about US$80 per box with a projected sales of 7162 Billion Gloves will earn STGT a minimum humongous profits of US$370 million.

 

 

As mentioned on few occasions recently, that STGT will be a better SAFFE HAVEN Play over other Gloves Counters have already become self- fulling breaking previous all time high of 47.25 bahts to hit 48.25 bahts as the Foreign Institutions have been holding a Net Long positions of at least 75 million+ shares to date with a small portion of Shortists open position since November 2020 to date unlike other gloves counters with big net open shortists' positions. Because of this reason, further rise in STGT will help and underpinn STA's price as it is irrational for STA to be discounted to STGT as STA earns 56% profit from STGT. Therefore if I am a sophisticated Hedge Fund, I rather arbitrage by buying STA over STGT as long as STA is discounted to STGT taking notice of STA's Rubber Assets valuation of minimum 5 bahts.

 

 

 

At STA's current price level of 47.25 bahts discounted to STGT of 48.00 bahts, STA is considered UNDERVALUED as Market is still not taking notice of STA's Rubber Assets being valued at "ZERO". Therefore I prefer staying invested in STA as STGT already broken up the ABCDEF Pattern of all time high of (B) at 47.25 bahts hitting a high of 48.25 bahts. Unlikely for STA to fall below the 45.00 bahts now as my STGT target price of minimum between 1% and 1.236 Extension between 63.75 bahts and 71.00 bahts and hopefully will be self fulfilling technically. As always, due diligence is warranted to suit risk appetite.

 

 

 

STGT is SAFE HAVEN and has broke out.

Can consider to invest.