STA Climbs 8% in Response to Strong Profit of ฿5.04Bn in 2Q21 from Higher Rubber Sales
STA rose ฿3.00/share or 7.84% to ฿41.25/share following a good performance in profit for 2Q21 with 5,043.7 million baht, up 361.2%.
STA rose ฿3.00/share or 7.84% to ฿41.25/share following a good performance in profit for 2Q21 with 5,043.7 million baht, up 361.2%.
11 ส.ค. 2564

The share price of Sri Trang Agro-Industry Public Company Limited (STA) rose ฿3.00/share or 7.84% to ฿41.25/share as of 16:06 local time in Thailand, with a trading value of 2,016 million baht.
Trinity Securities has given a “BUY” recommendation on STA with a target price of 52.80 baht. which is pegged to rubber gloves sector P/E at 5.5x and rubber sector P/E at 5x. 
STA posted a good performance in profit for Q2/2021 with 5,043.7 million baht, up 361.2% from the same period last year, a result of the recovery of the auto industry that pushes the demand for tires to rise. A new goal now is set for natural rubber sales to increase 100,000 tons, increasing from 1.2 million tons to 1.3 million tons, and an approval given to an interim dividend of 1.25 baht per share with XD posted on August 23. The application SRI TRANG FRIENDS for rubber purchases from growers will advance the industry to an age of digitalization.
The first six months of 2021 saw outstanding growth as well with net profit topping 11,002.2  million baht, an increase of 9,054.4 million baht over the same period the year before. Earnings from sales and services grew to 61,383.1 million baht, increasing by 87.5% from the same period last year, having benefited from healthy global demands for natural rubber which push up sales as well as prices of Technically Specified or Block Rubber (TSR) at the SICOM market with the average price during the first half of the year reaching 172.3 cents per kilogram.