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Sri Trang Agro
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Thai Sri Trang sets IPO price at S$1.20
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teeth53
Supreme |
29-Jan-2011 14:43
Yells: "don't learn through life, learn to grow with life " |
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teeth53
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29-Jan-2011 14:34
Yells: "don't learn through life, learn to grow with life " |
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make me think of Chinagaoxian dual listing in Korea. gaoxian px is also push up all the way by about 150% from around 0.18c / 0.20c, hitting a high of 0.47c , (Korean bench mark it at about 0.405c), then on upon Korea KOSPI 1st trading. (here in SGX, it 1st day trading upon dual Korea 1st day trade, gaoxian listed in SGX px fallen of the cliff by about 0.10c or about 25% lost to 0.325c, from it last trading of 0.435c)
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neutral
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29-Jan-2011 14:01
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The below postings are reposted from other forumners in CNA market talk forum on this ipo
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neutral
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29-Jan-2011 13:58
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neutral
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29-Jan-2011 13:53
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Moneysense
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29-Jan-2011 12:00
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Thank you for the analysis. Expect the unexpected. Good luck to all vested investor. Gong Xi Fa Cai. |
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alianto1969
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29-Jan-2011 10:16
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"Label","US cents per Pound" "Jun-2010","161.74" "Jul-2010","148.51" "Aug-2010","150.42" "Sep-2010","160.24" "Oct-2010","178.02" "Nov-2010","195.32" "Dec-2010","215.28" Rubber prices in 2010. that's 60$ jump from 2010 alone in six months. Inflation is approximately 10% for agro and food for 2011 so thats another 20$ jump for 2011. Natural Rubber (NR) is probably the most important agro based industrial raw material in the world. The price of this commodity, which constitutes a major chunk of raw material cost of a tyre has been on a steep rise for the last few years. Since 2009, the RSS4 sheet variety, which is the tyre grade natural rubber, has risen nearly 2.5 times from Rs60-70 per kg to over Rs 240 per kg now. In early 2009, even as analysts were pessimistic on the ability of the global economies to recover from the financial turmoil, firm natural rubber prices had led the way in giving indication to the economic recovery that was already underway, by way of automobile demand to start with. While in some economies this auto demand was triggered by stimulus package, resilient economies like China and India already had a latent demand. That's why its price jumped 800% in thailand. Cos there is no supply. And the Indians and Chinese knows it. In 2009 alone it jumped 500%!!!!!!!!!! |
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alianto1969
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29-Jan-2011 10:05
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Well, the price of rubber shot up so it followed and the rubber industry is on shortage now too. Cos malaysia is cutting existing rubber plantation for palm trees for higher cash yield. I went africa and stayed there for 2 yrs and they are just cutting new forest land for the japanese and british to set up rubber plantation there too. 100k hectare in congo. 20k hectare in garbon. 10k in cameron and 60k in zimbabwe. but that will only harvested in 5 yrs from now. So rubber prices will be like superman for the next 3 yrs or so. | |||||||||||||
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jamesng
Veteran |
28-Jan-2011 22:09
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Last year, it share price up 800% in thailand...then it want to list here....is it a bit risky??? It is around 20 cents a year ago.....I would rather bet on other stocks... | |||||||||||||
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alianto1969
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28-Jan-2011 21:28
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The share price should be 1.60 it downgraded it's own share price to fit in the pricing here. Rubber industry pricing is at all time high now so this share should go UP. 1.40 after intial IPO? But thats my guess. Bought some to earn some quick buck. The down part of this industry is 1. The plantation they wish to increase takes 5 - 8 yrs to have full harvest for the rubber trees to grow. (60% of the ipo money is used for this.) 2. The factory facilities takes 2 years to complete cos its 3 times bigger then the existing factory. (40% of the other ipo money used.) So this share is not reaping anything for a looooooooong time. |
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katak88
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26-Jan-2011 22:01
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katak88
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26-Jan-2011 22:00
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Business Times - 26 Jan 2011 Thai Sri Trang says S'pore listing still on BANGKOK - Thailand's Sri Trang Agro-Industry Pcl said on Wednesday that it had not scrapped a plan to list on the Singapore stock exchange and it was still negotiating an initial public offering price (IPO). The rubber producer said earlier it had cancelled the listing plan due to unfavourable market conditions after the Thai stock market tumbled. Sri Trang Agro-Industry Pcl said that its shares would resume trading in Bangkok from 0400 GMT (1100 local time). The company had requested that trading in its shares remain halted in Bangkok until there is more clarity on the IPO price. Earlier it had said that its shares would resume trading on Wednesday. -- REUTERS |
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