Glove maker STGT's SET debut a successMs Jarinya (centre right) and SET president Pakorn Peetathawatchai (centre left) share the SET stage on STGT's first day of trading. SET-listed Sri Trang Gloves Thailand (STGT) made its trading debut on Thursday on a high note, supported by rising demand for rubber gloves amid the pandemic. The company's share price saw a 78% gain during Thursday's debut and ended the day at 60.50 baht per share in trade worth 17.26 billion baht. STGT recently sold 438.78 million IPO shares worth 34 baht per share amid high demand from institutional and retail investors, as rubber glove demand has surged during the pandemic. The funds raised from the IPO, worth about 15 billion baht, should be sufficient to double manufacturing capacity over the next 5-6 years, according to MBKEST.

Source: Bangkok Post July 02, 2020 23:15 UTC