Sri Trang Agro
Last:0.71
+0.01
Glove counter with more than 261 pc upside!
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UOBKH not strong...
Dont spoil market.Oldman278 ( Date: 20-Aug-2020 15:46) Posted:
Sshhh...
ghetto ( Date: 20-Aug-2020 15:41) Posted:
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Sshhh...
ghetto ( Date: 20-Aug-2020 15:41) Posted:
They are cominggg!!!
look@bright ( Date: 20-Aug-2020 15:30) Posted:
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waiting for so long liao, quickly come
ghetto ( Date: 20-Aug-2020 15:41) Posted:
They are cominggg!!!
look@bright ( Date: 20-Aug-2020 15:30) Posted:
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They are cominggg!!!
look@bright ( Date: 20-Aug-2020 15:30) Posted:
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but where are they?
19 Aug 2020: UOBKH give new TP S$1.99, Bt45.5
Bought a little more tickets to watch the song and dance...
STA greatly undervalued.
Their holding in Stgt is worth $2.77b.
Just need to be patience. Htt. Cheers.
SAINTE ( Date: 20-Aug-2020 11:14) Posted:
| UOB just release TP at 1.99 |
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https://research.sginvestors.io/2020/08/sri-trang-agro-industry-uob-kay-hian-research-2020-08-19.html?m=1
SAINTE ( Date: 20-Aug-2020 11:14) Posted:
| UOB just release TP at 1.99 |
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UOB just release TP at 1.99
that' s why, there could be elements of price manipulation on this counter.
To divert retail investors to other glove companies despite huge prospect of company and also the strong result and financial statement released.
anyway, let' s move back to the original thread and let this thread dies... too many threads is not good for discussion and consolidate the views.
3dw1nchu4 ( Date: 20-Aug-2020 10:59) Posted:
All I can say is STA timing is always terrible. Released excellent results, then whole industry sell off due to vaccine news.
Broker house increase TP, shortist also choose that day to short hor yi see.
I suspect the accumulation at $1.18 earlier this morning was by them. Oh wells.. |
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yes 11am action is here
All I can say is STA timing is always terrible. Released excellent results, then whole industry sell off due to vaccine news.
Broker house increase TP, shortist also choose that day to short hor yi see.
I suspect the accumulation at $1.18 earlier this morning was by them. Oh wells..
Yes. Because BBs and funds will look for undervalued stocks to invest with too.
UG Healthcare | Share Price, S$ 2.64 | Now S$ 2.62
Riverstone | Share Price, S$ 4.02 | Now S$ 3.95
Medtecs | Share Price, S$ 1.85 | Now S$ 1.82
Top Glove | Share Price, S$ 8.79 | Now S$ 8.75
Sri Trang | Share Price, S$ 1.19 | Now S$ 1.13
Counters with less price fluctuations means less BBs and Contra in there.
Now that STA price has flushed to new low, we can expect BBs to jump in soon to bring this share price up when the red alert settle down.
RyantNg ( Date: 20-Aug-2020 10:43) Posted:
Crap lah!!!
Already went down so much still UOB
3dw1nchu4 ( Date: 20-Aug-2020 10:42) Posted:
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Then did you see it' s all empty figures under " Transactions with subsidiaries" under the group financial statements?
Think you need to go find out what' s the difference between subsidiaries, associates and joint venture.
Robbie36 ( Date: 20-Aug-2020 10:51) Posted:
Oh... really?
I would simply refer you to STA' s annual report which shows 24 pages (94-118) of related party transactions included in their financial statements. This includes over US$100m of related party transactions between STA and STGT...
linguist ( Date: 20-Aug-2020 10:18) Posted:
| LOL! if you know " basic" accounting, you will know that such transaction " expenses" or " revenues" will not be recorded on the group financial statement because they are related companies transactions. |
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Oh... really?
I would simply refer you to STA' s annual report which shows 24 pages (94-118) of related party transactions included in their financial statements. This includes over US$100m of related party transactions between STA and STGT...
linguist ( Date: 20-Aug-2020 10:18) Posted:
LOL! if you know " basic" accounting, you will know that such transaction " expenses" or " revenues" will not be recorded on the group financial statement because they are related companies transactions.
Robbie36 ( Date: 20-Aug-2020 10:00) Posted:
| Look it is very basic accounting. If STA charges STGT high management fees it will receive 100% of the fees to its p& l and will only absorb 56% of the costs through consolidation of STGT. Same applies to high raw material costs for STGT - STA will reap 100% of the benefit but only absorb 56% of the costs as the other 46% are absorbed by STGT minorities |
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Is it?
2Q is based on 100% of gloves earnings whereas 3Q onwards is based on 56% of STGT. The max production capacity of gloves is 8.25bil per quarter now and thus for it to equal the Q2 gloves earnings, its ASP has to be USD30 per thousand. Will their ASP be higher than this?
3dw1nchu4 ( Date: 20-Aug-2020 10:42) Posted:
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TPs aren' t 100% accurate, that' s for sure. But TPs also aren' t meant to be reached overnight.
Just sleep on it lor.
RyantNg ( Date: 20-Aug-2020 10:43) Posted:
Crap lah!!!
Already went down so much still UOB
3dw1nchu4 ( Date: 20-Aug-2020 10:42) Posted:
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Crap lah!!!
Already went down so much still UOB
3dw1nchu4 ( Date: 20-Aug-2020 10:42) Posted:
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