STGT Jumps 7% to ฿65 amid Large Fluctuation in the Market!
STGT continued to climb on Friday after a huge gain on its first trading day by ฿26.50/share or 77.94%.
STGT continued to climb on Friday after a huge gain on its first trading day by ฿26.50/share or 77.94%.
3 ก.ค. 2563

The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) continued to climb on Friday after a huge gain on its first trading day by ฿26.50/share or 77.94%.
 
Yesterday, STGT closed its first trading day at ฿60.50/share, increased 26.50/share or 77.94% with a trading value of 17.2 billion baht. In the morning session on Friday at 10:08, STGT continued to rally with a gain of 4.50/share or 7.44% to ฿65.00/share with a trading value of 2,519 million baht.
 
KS stated that the target price at ฿43.40/share is based on average 2021E and 2022E fully diluted core EPS of Bt2.05 pegged to 21.2x PER, which is in line with the seven-year historical forward PER mean of STGT’s global peers. The target price implies a 2020E PER of 18.6x.
Beside Kasikorn Securities, Finansia Syrus Securities also had a positive view on STGT and recommended a target price at ฿45.00/share. Meanwhile, Maybank Kim Eng gave a fair value of STGT at ฿56.00/share. Lastly, Capital Nomura Securities cited the consensus to give a ฿42-฿50/share target price.