IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Sri Trang Gloves Thailand  / Equity Capital Markets

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<div><p><a href="https://www.smartkarma.com/entities/sri-trang-gloves-thailand-public-company-limited" target="_blank" data-smartkarma-citation="entities:29141:1" rel="noopener">Sri Trang Gloves (STGT TB)</a> is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is seeking to raise $481 million at a fixed price of THB34.00 per share. The IPO period will run between 23-25 June and the first trading day is slated for 2 July.</p></div>
<div><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/sri-trang-gloves-ipo-initiation-a-rising-tide" target="_blank" rel="noopener">our initiation note</a>, we stated that Sri Trang has attractive fundamentals. Our valuation analysis suggests that the IPO price is attractive and we would be inclined to participate in the IPO.</p></div></div>
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Sri Trang Gloves (STGT TB) is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is seeking to raise $481 million at a fixed price of THB34.00 per share. The IPO period will run between 23-25 June and the first trading day is slated for 2 July.
In our initiation note, we stated that Sri Trang has attractive fundamentals. Our valuation analysis suggests that the IPO price is attractive and we would be inclined to participate in the IPO.


<p><a href="https://www.smartkarma.com/entities/sri-trang-gloves-thailand-public-company-limited" target="_blank" data-smartkarma-citation="entities:29141:1" rel="noopener">Sri Trang Gloves (STGT TB)</a> is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is seeking to raise $481 million at a fixed price of THB34.00 per share. The IPO period will run between 23-25 June and the first trading day is slated for 2 July.</p><div class="content-highlight"><p>Sri Trang was a beneficiary of the corona pandemic resulting in an exceptional 1Q20. Overall, we think the fundamentals are attractive. </p></div>

Sri Trang Gloves (STGT TB) is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is seeking to raise $481 million at a fixed price of THB34.00 per share. The IPO period will run between 23-25 June and the first trading day is slated for 2 July.Sri Trang was a beneficiary of the corona pandemic resulting in an exceptional 1Q20. Overall, we think the fundamentals are attractive. 

Sri Trang Gloves IPO Initiation: A Rising Tide

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

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<li><strong>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</strong></li>
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<strong>Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks</strong>…</li>
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SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

Malaysia

Comfort Glove Berhad is an investment holding company which manufactures and sells powdered and powder-free examination gloves.

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Comfort Glove (CG MK)

Sri Trang Gloves IPO: Valuation Insights

Sri Trang Gloves (STGT TB) is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is...

Arun George

Sri Trang Gloves IPO Initiation: A Rising Tide

Sri Trang Gloves (STGT TB) is the third-largest manufacturer of gloves in the world and the largest manufacturer of gloves in Thailand. It is...

Arun George

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

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