Company Summary
STGT SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY LIMITED
Consumer Products/Personal Products & Pharmaceuticals
SET50 / SETTHSI
CG Report:   
 
  Data as of 19 May 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
19.10 47.75 / 17.80 3.72 1.40 1,431.63 54,688.29 48,430.24 1,550.67 2.75
News
Date/Time Subject
09 May 2022 20:19   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
09 May 2022 18:55   Financial Performance Quarter 1 (F45) (Reviewed)
09 May 2022 18:53   Financial Statement Quarter 1/2022 (Reviewed)
20 Apr 2022 19:47   Publication of the Minutes of the 2022 Annual General Meeting of Shareholders on the Company's Website
07 Apr 2022 18:56   Form to Report on Names of Members and Scope of Work of the Audit Committee (F24-1)
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Company Profile
Address No. 110 Kanjanavanit Road, Pahtong, Hat Yai Songkhla 90230
Telephone 0-2207-4500
Fax 0-2108-2241-44
URL http://www.sritranggloves.com
  Annual Report 2021
Establish Date 09/01/1989 Listed Date 02/07/2020
IPO Price (Baht) 34.00 @Par1.00 Baht
IPO Financial Advisory
  • FINANSA SECURITIES LIMITED
    		•
    Par 0.50 Baht
    Last Par Change Old 1.00 : New 0.50 @ 05/01/2021

    Business
    Manufacturing and distribution of medical examination latex gloves and other industrial latex gloves. Main products include natural latex powdered gloves, natural latex powder-free gloves and nitrile gloves.

    Free Float 03 Mar 2022 02 Mar 2021
    % /Shareholders
    34.59% 67,630 34.33% 38,071
    Foreign Shareholders 4.84% (As of 19/05/2022) Foreign Limit 49.00%
    NVDR Shareholders  6.06% (As of 19/05/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - 1.20 0.46
    20 Days -23.60 -4.63 -20.29
    60 Days -32.39 -7.06 -27.88
    120 Days -30.55 -4.92 -28.86
    YTD -36.86 -6.73 -34.83
    P/E (X) 3.72 5.41 18.32
    P/BV (X) 1.40 1.44 1.69
    Turnover Ratio (%) 0.51 0.30 0.98

    Top 10 Major Shareholders(@20 Apr 2022) Share %
    1. SRITRANG AGRO-INDUSTRY PUBLIC CO.,LTD. 1,450,074,600 50.64
    2. บริษัท Thai NVDR Company Limited 161,061,207 5.63
    3. RUBBER LAND PRODUCTS COMPANY LIMITED 155,326,800 5.42
    4. MR. VIYAVOOD SINCHAROENKUL 123,598,400 4.32
    5. บริษัท ศรีตรัง โฮลดิ้งส์ จำกัด 106,753,800 3.73
    6. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 31,562,913 1.10
    7. STATE STREET EUROPE LIMITED 18,120,280 0.63
    8. MR. WEERAPAT PUNSAK-UDOMSIN 15,290,500 0.53
    9. THE CENTRAL DEPOSITORY(PTE)LIMITED-LISTED SECURITIES 14,773,300 0.52
    10. MR. Paul Sumade Lee 12,540,000 0.44

    Management Position
    1. Mr. WEERAKORN ONGSAKUL CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    2. Mr. VIYAVOOD SINCHAROENKUL CHAIRMAN OF EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. KITICHAI SINCHAROENKUL VICE CHAIRMAN
    4. Miss JARINYA JIROJKUL CHIEF EXECUTIVE OFFICER / DIRECTOR
    5. Mr. VEERASITH SINCHAREONKUL DIRECTOR
    6. Miss THANAWAN SA-NGIAMSAK DIRECTOR
    7. Mr. VITANATH SINCHAROENKUL DIRECTOR
    8. Mr. ANAN PRUKSANUSAK DIRECTOR
    9. Mr. CHEE PING CHIA DIRECTOR
    10. Mrs. UNAKORN PHRUITHITHADA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. GEN. BUNDIT BOONYAPAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. THANATIP UPATISING INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    19 May 2022    		 2021
    30 Dec 2021    		 2020
    30 Dec 2020
    Listed share (M.) 2,863.26  2,863.26  1,428.78 
    Market Cap (MB.) 54,688.29  86,613.66  108,587.28 
    Price (B./share) 19.10  30.25  38.00 
    BVPS (B./Share) 13.69  13.93  17.48 
    P/BV (X) 1.40  2.17  4.35 
    P/E (X) 3.72  2.85  17.91 
    Turnover Ratio (%) 36.27  197.40  234.46 
    Value Trade/Day (MB.) 290.58  916.35  2,094.30 
    Beta 0.58  0.03  -0.55 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -36.86  -20.39  11.76 
    Dividend Yield (%) 24.33  8.66  N/A 
    Payout Ratio 0.90  0.56  0.29 
    Dividend Policy At Least 50 percent of its net profit based on the Company?s separate financial statements after deductions of corporate income tax and allocation of all types of reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Dec 2021 0.65 Baht 05 May 2022 Cash
    01 Apr 2021 - 30 Sep 2021 1.25 Baht 07 Dec 2021 Cash
    01 Apr 2021 - 30 Jun 2021 1.25 Baht 07 Sep 2021 Cash
    01 Jan 2021 - 31 Mar 2021 1.50 Baht 10 Jun 2021 Cash
    01 Jan 2020 - 31 Dec 2020 2.00 Baht 28 Apr 2021 Cash
    01 Jan 2020 - 30 Sep 2020 1.25 Baht 09 Dec 2020 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MR. SUPACHAI PHANYAWATTANO/EY OFFICE LIMITED
    Mr. NATTHAWUT SANTIPET/EY OFFICE LIMITED
    MiSS KRONGKAEW LIMKITTIKUL/EY OFFICE LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 18,752.15 29,453.71 21,006.13 24,188.75 581.26
    A/R Net 3,120.19 8,024.34 2,816.08 4,906.96 1,611.83
    Inventories 4,509.73 4,143.58 4,778.09 3,033.59 1,611.75
    Current Assets 27,391.44 42,063.70 29,545.71 33,138.12 4,312.31
    PP&E Net 22,828.04 10,854.66 20,369.67 9,521.41 8,562.27
    Non-Current Assets 24,303.31 12,103.82 21,757.12 10,155.29 8,903.79
    Total Assets 51,694.75 54,167.52 51,302.82 43,293.41 13,216.10
    OD - 100.00 - - 263.85
    A/P Net 3,327.60 3,454.29 3,620.74 3,573.45 1,392.80
    Current portion of LT 1,437.45 886.19 1,332.82 774.22 947.49
    Current Liabilities 5,479.86 7,227.37 5,646.44 5,825.26 2,773.01
    Non-Current Liabilities 7,014.24 5,669.48 7,443.27 5,770.66 6,041.06
    Total Liabilities 12,494.10 12,896.84 13,089.70 11,595.91 8,814.07
    Authorized Capital 1,434.78 1,434.78 1,434.78 1,434.78 1,434.78
    Paid-Up Capital 1,431.63 1,428.78 1,431.63 1,428.78 990.00
    Premium (Discount) on Share Capital 14,463.10 14,243.22 14,463.10 14,243.22 -
    Retained Earnings (Deficit) 23,014.10 25,438.66 21,955.98 15,382.52 2,728.87
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 291.82 160.01 362.41 642.97 683.15
     - Surplus (Deficits) 19.27 80.31 72.02 641.41 685.46
    Shareholders' Equity 39,200.65 41,270.68 38,213.12 31,697.50 4,402.03
    Minority Interest - - - - -
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    Statement of Comprehensive Income (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 7,118.48 15,433.67 47,550.77 30,405.12 11,994.15
    Other Income 31.82 42.87 362.49 248.12 140.25
    Total Revenues 7,179.06 15,499.84 48,019.80 30,692.41 12,139.69
    Costs 5,376.18 4,013.18 19,291.76 13,602.33 10,555.48
    Selling And Administrative Expenses 640.64 447.55 2,242.79 1,100.34 725.40
    Total Cost And Expenses 6,016.82 4,460.73 21,534.55 14,765.10 11,311.90
    EBITDA 1,550.67 11,163.29 27,251.14 17,160.44 1,707.66
    Depre. & Amor. 333.54 342.30 1,247.16 1,071.81 795.54
    EBIT 1,217.13 10,820.99 26,003.98 16,088.62 912.12
    Net Profit : Owners Of The Parent 1,052.17 10,051.57 23,704.16 14,400.87 634.30
    EPS (B.) 0.37 3.52 8.29 5.94 0.83
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    Statement of Cash Flow (MB.) 3M/2022 
    (01/01/22 
    -31/03/22)     		 3M/2021 
    (01/01/21 
    -31/03/21)     		 2021 
    (01/01/21 
    -31/12/21)     		 2020 
    (01/01/20 
    -31/12/20)     		 2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow 920.16 8,005.92 24,070.83 13,610.62 1,342.57
    Investing Cash Flow -2,827.38 -2,662.50 -12,522.49 -2,051.37 -3,315.01
    Financing Cash Flow -329.41 -236.08 -15,102.44 12,035.46 1,999.88
    Net Cash Flow -2,236.63 5,107.34 -3,554.10 23,594.71 27.44
    more
    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 5.00 5.82 5.23 5.69
    ROE (%) 36.55 104.26 67.81 79.78
    ROA (%) 30.98 77.75 54.98 56.94
    D/E (X) 0.32 0.31 0.34 0.37
    Total Asset Turnover (X) 0.75 1.25 1.02 1.09
    Gross Profit Margin (%) 24.48 74.00 59.43 55.26
    EBIT Margin (%) 16.95 69.81 54.15 52.42
    Net Profit Margin (%) 14.66 64.85 49.36 46.92

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    14 Jul 2021 PP 5,701,410 2,863,261,410 0.50

    Growth Rate (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth -53.88 310.41 56.39 153.50
    COGs Growth 33.96 31.41 41.83 28.87
    Total Revenue Growth -53.68 310.13 56.45 152.83
    Total Expense Growth 34.88 31.89 45.85 30.53
    Net Profit Growth -89.53 2,282.49 64.60 2,170.37

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 7.04 8.46 12.31 9.33
    Avg. Collection Period (Days) 51.84 43.14 29.64 39.13
    Inventory Turnover (Times) 4.77 4.94 4.94 5.86
    Avg. Inventory Period (Days) 76.46 73.92 73.90 62.33
    A/P Turnover (Times) 6.09 5.56 5.36 5.48
    Avg. Payment Period (Days) 59.92 65.66 68.06 66.63
    Cash Cycle (Days) 68.37 51.41 35.48 34.82


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    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
         		 Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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