SGX Welcomes Sri Trang Gloves (Thailand) Public Company Limited To Mainboard Date
10/05/2021
Singapore Exchange (SGX) today welcomed the secondary listing of Sri Trang Gloves (Thailand) Public Company Limited on its Mainboard under the stock code “STG”.
Sri Trang Gloves (Thailand) PLC is one of the largest glove manufacturers globally, manufacturing and distributing rubber gloves for a wide range of industries including healthcare and medical. The company currently has three production plants with a total of 145 production lines in Thailand, and its products are exported to more than 140 countries. Listed on the Stock Exchange of Thailand under the stock code “STGT”, it is a subsidiary of Sri Trang Agro-Industry Public Company Limited – a fully integrated natural rubber company and the world’s largest producer and distributor of natural rubber – which is also dual-listed in Thailand and Singapore.
Dividend payouts down but still lucrative
published : 6 Apr 2021 at 08:50
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A total of 52 SET-listed companies out of 570 were unable to maintain dividend payments in 2020 as the pandemic hobbled their financial capacity.
The average dividend payment rate of the 518 companies was 1.5% in 2020 compared with 2.2% the previous year.
According to the Stock Exchange of Thailand s statistics, the SET Index in April rose 3.01% from the previous month as investors flocked to high-dividend stocks in hopes of capital gains and high dividend yields.
The statistics suggest the price of stocks with high dividend payouts exceeded the average SET return.
Stock prices normally increase a month before the SET imposes the XD sign (excluding dividend) on the trade of these stocks, with an average price gain of 5%.