3 people like this.

6 comment(s). Last comment by Aabbccdd85 2021-11-09 20:26

zhangliang

728 posts

Posted by zhangliang > 2020-08-16 17:25 | Report Abuse

Tq sir good one

Erudite

254 posts

Posted by Erudite > 2020-08-23 22:32 | Report Abuse

Awesome man

soojinhou

869 posts

Posted by soojinhou > 2020-08-23 22:49 | Report Abuse

I recommend that you read up on uob's latest report on Sri trang. You will find that
1) the pe 9 u mentioned is achieved with a glove asp of only usd 20/1k pieces, way below what Malaysian peers charges
2) they are expected to raise asp by 70% in q3
Doing the math, including a 20% tax and only 50% contribution from their glove segment after the spin off, I have arrived at annualised pe 6 in q3, making it the cheapest glove stock. Also, this ain't no minion, this is a 33 billion per year large cap stock.

tradeview

608 posts

Posted by tradeview > 2020-09-04 17:49 | Report Abuse

https://www.kaohoon.com/content/386975

Credit Suisse upgraded TP for Sri Trang Gloves (A 51% associated company of Sri Trang Agro) by more than 100% to THB 142 (currently Sri Trang Gloves trading at THB 72 only), hence Sri Trang Agro as holding co in actual fact is way undervalued in comparison. Do not forget that natural rubber price has stabilised and is picking up due to rebound in the automotive sector where tires are the largest customer segment for Sri Trang Agro - Natural rubber division.

Posted by WallStreet88 > 2020-09-21 00:11 | Report Abuse

Most undervalued glove stock - SRI TRANG AGRO (SGX:NC2) net profit jumped 333.5% YoY
https://youtu.be/EXkImhhjM8Q

Post a Comment
Market Buzz