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Time to keep adding will go back to 2 dollars soon. Cash in hand is great, and revenues and earnings unmatchable. Fill up your lockers again to enjoy the money joyride again fill up some Ntegrator too for some good gains in the future cheers
n3wbie ( Date: 11-Nov-2021 08:44) Posted:
RHB has just downgraded to Sell and cut TP from 95c to 65c. Extracts below for reference.
Downgrade to SELL from Neutral, new DCF-derived TP of SGD0.65 from SGD0.95, 18% downside. Riverstone&rsquo s ASPs have begun to stabilise, but we expect them to moderate further towards the equilibrium level. Meanwhile, prolonged sub-optimal utilisation rates imply further risks to future earnings. Over the longer term, however, the company stands out vs its peers, due to its exposure to the high-end cleanroom glove segment.
Healthcare glove ASP erosion is slowing down. At yesterday&rsquo s analyst briefing, management noted that healthcare glove ASPs are quoted at USD30.00-33.00 per 1,000 pieces currently, but this may erode further going forward &ndash albeit at a slower pace. We believe ASP trends will mirror raw material cost inputs. Presently, raw material nitrile latex is priced at USD1.30-1.60/kg, vs the pre-pandemic average of USD1.2/kg.
Cleanroom glove ASP to stay resilient in the shorter term. Depending on specifications, cleanroom glove ASPs are quoted at USD100.00-120.00. Note that cleanroom glove pricing is typically reviewed on a quarterly to semi-annual basis. The higher-margin cleanroom glove segment is expected to partly offset the decline in the healthcare glove division. That said, we expect weaker quarters ahead, as Riverstone&rsquo s healthcare glove division still accounts for the majority of production volume. Also, cleanroom glove ASPs will eventually normalise as the company passes on its cost savings &ndash from the drop in raw material prices &ndash to customers. Utilisation rate below optimal levels. Riverstone&rsquo s plants are currently running at a 75% utilisation rate, as customers are still making minimal purchase orders to avoid holding high-cost inventories. While management has noted the uptick in orders for December, we believe inventory replenishment will likely be marginal, until a price equilibrium has been reached. As such, a prolonged period of sub-optimal utilisation rates could heighten the risk of further delays in capacity expansion.
We cut FY22-23F earnings by 15% and 19% after imputing the windfall tax impact in FY22F, and lowering our ASP and sales volume assumptions for FY22-23. Our new TP of SGD0.65 implies 14x FY23F (normalised base year) P/E, This is in line with its pre-pandemic 10-year mean. However, we note that there is an increased systemic risk on foreign labour reliance, given the differences between Western and Malaysian labour standards. As such, we have trim our ESG score to 2.78 (from 2.9) after reducing our score for the &ldquo S&rdquo pillar. We now ascribe an ESG discount of 4% to our TP, as Riverstone&rsquo s ESG score is below the country mean. The market has yet to fully price in the risk of sub-optimal utilisation rates, and we think margins are not likely to improve to levels comparable to that prior to COVID-19.
Key upside risks: Lifting of any customs or border control bans, higherthan-expected ASPs, higher-than-expected utilisation rates, positive impact of any change in the USD/MYR rate, and a drop in raw material prices. |
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Added some share and averaged at dead bottom at 0.08 in June 2021 so happy to see it flying everyday
josemmm123 ( Date: 08-Jun-2021 09:05) Posted:
used to be 45 cents stock last time. Many supporters last time, some bought from 30 to 50+ cents.
Wonder what happens to them |
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Changed its business now into mass production of printed circuit boards on contract manufacturing business may pick up slowly if old business gets back into shape
Joelton ( Date: 25-Jun-2020 16:18) Posted:
Duty Free International posts net loss of RM9.1m for Q4
MALAYSIAN multi-channel duty-free and duty-paid retail group Duty Free International posted a net loss of RM9.1 million (S$3 million) for its fourth quarter ended Feb 29, 2020, reversing its net profit of RM10 million previously. But the group said in its statement that it has " ample liquidity to weather through Covid-19 challenges" .
Revenue of RM169.7 million was recorded for the quarter, up 1.3 per cent from RM167.5 million, mainly contributed by Brand Connect Group as well as by a slight increase in revenue from the trading of duty-free goods and non-dutiable merchandise.
Loss per share for the quarter amounted to 0.76 sen, versus earnings per share of 0.82 sen previously.
For the full year, net profit stood at RM10.9 million, down 76.6 per cent from RM46.5 million a year ago. Revenue was RM617.2 million, up 10.9 per cent from RM556.3 million previously.
The group' s total equity stood at RM557.4 million as at Feb 29, 2020 on the back of positive operating cash flow and net cash generated from investment activities. During FY2020, the group generated positive operating cash flow of RM40.3 million. Net cash generated from investing activities was RM38.3 million, mainly due to proceeds from the investment in the medium-term note.
Net cash used in financing activities for FY2020 of RM54.2 million was primarily attributable to dividends paid to shareholders. A capital reduction and cash distribution amounting to approximately RM128.9 million was distributed to the shareholders on May, 13 2020. After the distribution, the cash and cash equivalents stood at RM196.3 million, enabling the group to " weather through the challenging operating environment" .
The group said that its operations were adversely impacted by Malaysia' s movement control order, which was implemented to contain the spread of the novel coronavirus. Even with the gradual easing of measures, certain restrictions such as closure of international borders and overseas travel restrictions are still in place. Likewise, its operations in Singapore have also been hurt by virus safety measures.
To mitigate the adverse financial impact in the next 12 months, the group embarked on a cost-cutting drive by reducing the use of casual labour, clearing leave, deferring discretionary expenses and non-critical capital expenditures, lowering human-resource costs and closing its non-profitable outlets before the end of the second quarter of FY2021.
The group said in its statement: " The outlook for the coming financial year is expected to be very challenging and highly uncertain due to the global economic crisis, travel restrictions, consumers&rsquo cautious spending and, more importantly, the unpredictable duration of the global Covid-19 pandemic with no clear indication when the duty free industry will be able to recover from it."
https://www.businesstimes.com.sg/companies-markets/duty-free-international-posts-net-loss-of-rm91m-for-q4 |
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yes I am still holding on some of this .... some I sold and moved to Duty Free Interantional. It has a good future with book order over 1 billion dollars it should work out well.. Let it go up slowly , slowly , slowly... and people will not notice it ha ha aha
KKTan90 ( Date: 28-Feb-2018 22:54) Posted:
| Fundamental is strong with fabulous performance! The price is creeping up! |
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I have not been seeing the prices but in the last 6 months added in quite a lot between 0.24 and 0.27.... my intial buy was at 43 cents .. then averaged at 30 cents ... then in the last few months kept adding 3000 to 5000 shares whenever I had funds on me. Now my average has come down to 30 cents ... I will keep adding more the next few months ha ha ha let it remain below 27 cents... Then when it goes to 1 dollar in the next 1 to 3 years I will sell all and retire once and for all... Good luck to you all. Dont fight here and I have also stop posting for a long long time ... enjoy buying at cheap prices you wont get such opportunities for ever. Some big players are playing games but who cares when a company performs as a retail investor invest in batches and enjoy when the price appreciates.
tonylim70 ( Date: 27-Nov-2017 23:07) Posted:
If u have been observing for the last 3 mths,
Whenever share price reaches 28 cents, Suddenly huge sell down (to huge buy queue) and then 800-1000 lots queuing to sell at the next higher bid.
eg: 27.5 buy 1000+ lots vs 28 cents 500+ lots. Then suddenly 1500+ lots sell down to 27.5 cents. And the next few days , sell downs in terms of 1000+ lots and the sell queue at 28, 28.5, 29 cents u will suddenly see 800 to 1000 lots suddenly appearing.
Then the huge sell queue will stay there for 2 weeks... u start to see ppl selling down to 27 or even 26.5 cents.
Then after 2 weeks, one fine day u see the sell queue 1000+ lots suddenly become only 200-300 lots means buying is going to start again.
It looks like orchestrated by BBs, the pushing and pumping of shares (a few thousand lots). It cant be retail/small traders.
I personally think the trick is to artificially create a huge buy queue to lure investors into buying at 27.5 to 28 cents from the BBs. Then when buying starts to dry up, the BBs will artificially queue to buy with 1000+ lots and then sell down to themselves (left hand to right hand) with huge sell queues creating a illusion that fierce selling going on, thus scaring into small investors who just bought previously to cut loss and sell down at 26.5 to 27 cents.
So in a way, the BBs are earning a few pips each round and at the same time accumulating shares on the cheap.
It has nothing to do with the fundamental as a rising ringgit will mean Duty Free having better profit.
We have to wait until the BBs have collect enough and then they wil do a super pump for them to offload all their shares accumulated as well as the warrants too.
The prospect of Duty Free is good as ringgit is rising. There will be turbulence along the way with the BBs in action.
Another thing i can think of is they want to set the price bound range between 27-28 cents for some privatisation or takeovers..
mogambo ( Date: 24-Nov-2017 13:14) Posted:
| I am failing to understand this too.... max 1-2 years I will keep accumulating these tricks are common .. Just be among the 3% to win from the losses of other |
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accumulating more with the BB' s ... added more yesterday and today as part of my long term investment here. I am happy I am getting it cheaper and cheaper with majority 97% of retail investors are panicking and selling cheap , cheap , cheap. Added more after going through the deep down fabulous analysis done by Eric Ong on Investing note site. Here is the gist of his analysis copied and pasted for the balance you can go and download his analysis and go through it for your own reference and building up your confidence levels.
As value investors, we constantly ask whether the business fundamentals have changed. What are DFI&rsquo s moat and competitive strength? Is DFI management returning value to shareholders? Is DFI strategizing to grow and improve the business? We underline our key thesis for DFI below: 1. DFI Business model a. Strong Moat b. Surpass key competitor i.e Malaysia Airport Berhad in the duty free segment. 2. Heinemann Minority Stake in DFI a. Heinemann as a well established global player in duty free b. 3 areas of benefits to reap in i. Revenue growth ii. Cost Management and iii. Capital Management c. DFI Cash Conversion Cycle improvement 3. Maximizing shareholder value a. History of consistent dividend b. History of share buybacks c. Strong institutional presence in DFI 4. Triple Whammy to DFI a. Thai Malaysia Border Flooding b. Demise of Thai Royalty King Bhumibol c. GST implementation 5. Mentionable Macroeconomic factors to DFI a. MYR / USD Decline b. Tourist trends 6. Conclusion
tonylim70 ( Date: 28-Nov-2017 15:39) Posted:
BBs at work. they are pressing down the price to accumulate cheap.
Dun worry, there are many share price catalysts and one of them already happening ==> 1) strengthening of Ringgit.
2) And the mother share price may be pushed up for the BBs to offload their warrants (conversion price of 43 cents)
3) Duty free international piece of huge land parcel has the potential of huge gain.
https://www.thestar.com.my/business/business-news/2017/10/30/budget-2018-positive-for-consumer-construction-tourism/
What is new in Budget 2018 is the development of a Special Border Economic Zone in Bukit Kayu Hitam, which the research house believes is part of a larger plan following the Second Finance Minister&rsquo s working visit to Thailand in September 2017.
&ldquo Beneficiary, we believe, will be Atlan which has a duty-free outlet at Bukit Kayu Hitam and 772 acres of land, ripe for development,&rdquo said Maybank Research.
Read more at https://www.thestar.com.my/business/business-news/2017/10/30/budget-2018-positive-for-consumer-construction-tourism/#BDbwOKeBsS0uT6Y2.99
Atlan is parent of Duty free international
angmohlin ( Date: 28-Nov-2017 14:58) Posted:
NAV 16 cents, EPS about 2 cents so PE 13.5 times, DPS 1.6 cents yield about 5.9%.
I am wondering why share price has been keep on dropping, very strange. |
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I am failing to understand this too.... max 1-2 years I will keep accumulating these tricks are common .. Just be among the 3% to win from the losses of others
tonylim70 ( Date: 22-Nov-2017 09:19) Posted:
This duty free is highly controlled by BBs.
They seem to want the price to stay at 27-28 cents.. Go down 27 cents, there will be buy up. Go up 28 cents, they will be sell down.
Ringgit rising should be good for duty free.. Wonder what is the BBs goal or perhaps what is the company goal? |
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30 cents coming soon hold tight and watch the price move slowly up cheers currently in a stalemate
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exactly there is already there is already a 20% gain made on the warrants for today its quoting at 12 cents now.
dragonboy76 ( Date: 15-Nov-2017 11:10) Posted:
correct.
but will this counter go down further before going up? that is up to BB to decide
common sense tells me it should go up in the future. but needs to get out before dump.
there are some cases where it is pump and dump on the mother shares and resulting the warrants become worthless after expired.
mogambo ( Date: 15-Nov-2017 10:57) Posted:
| The warrants can be exercised only from today at 43 cents and will expire 5 years from today. |
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I dont think it will go down ... the bonus warrants sellers have reduced by a huge margin now. there are 70 times more buyers than sellers for the warrants and the bid has as expected raised by 1 cents to 11 cents today........ there will be appreciation of price on both ends. Its fun and the Movie has just begun .. there is more multidimensional thrills all along the way. But big gains will be made on both warrants and mother shares for those who bought at the current bottom.
dragonboy76 ( Date: 15-Nov-2017 11:10) Posted:
correct.
but will this counter go down further before going up? that is up to BB to decide
common sense tells me it should go up in the future. but needs to get out before dump.
there are some cases where it is pump and dump on the mother shares and resulting the warrants become worthless after expired.
mogambo ( Date: 15-Nov-2017 10:57) Posted:
| The warrants can be exercised only from today at 43 cents and will expire 5 years from today. |
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But these were bonus warrants issued to existing holders 2:5 at exercise price of 43 cents when the immediate close price was 40 cents and alloted at premium of 7.5% but many investors sold in panic and transferred it to others from 45 cents all the way down to 8 cents. The big bulls trapped all retailers to fear and sell in to them. The markets expecting 40% dilution in equity adjusted to the equity expected to float. The only ways other investors can exercise and sell the Mother shares in profits only over 43 cents. The bulls and bears will be still trapping many retailers fearing and selling. Only when the selling stops the price will appreciate. Keep a watch on the warrants traded too. The bulls can only expect to sell the warrants bought at lower price by pulling the price up. But the leverage is currently 5 times on warrants for the bulls.
dragonboy76 ( Date: 15-Nov-2017 11:10) Posted:
correct.
but will this counter go down further before going up? that is up to BB to decide
common sense tells me it should go up in the future. but needs to get out before dump.
there are some cases where it is pump and dump on the mother shares and resulting the warrants become worthless after expired.
mogambo ( Date: 15-Nov-2017 10:57) Posted:
| The warrants can be exercised only from today at 43 cents and will expire 5 years from today. |
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The warrants can be exercised only from today at 43 cents and will expire 5 years from today.
dragonboy76 ( Date: 15-Nov-2017 08:26) Posted:
What u have mentioned is generally correct. But need to consider the fact that since warrant can only exerise in 2022, anything can affect mother she during these few years.
BB can always push up mother share to entice investors like us to buy including the warrant. Once enough investor bought in, they can simply jump the mother shares and warrants within eg. Few months or so.
I believe many also kena similar to what happen to rowsley. |
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Price has moved over 20 SMA on daily charts and it will gain some momentum when the price crosses over the 50 SMA and might happen within this start to book your parking lots slowly and steadily
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Ha ha ha big bull bought 550k tomorrow onwards when warrants get conveyed to shares more big bulls will rush in hold for 44 to 48 cents targets within 2 months
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those were all short term market adjustments due to warrants issued, Lower profits margins for the last 2 qtrs ... lesser than expected dividends and fair price stablilised at its 5 year base support price. But moving forward it has good prospects Tie up with Heinemann in Europe, Duty Free sales expected to grow in malaysia, It has gone totally debt free too . Company has a huge land bank and Golf resorts in Malaysia... It is facing some tough conditions in the current markets are short termers viewed it negatively . But I have good hopes it will recover and give all long term investors good returns too... Promoter has added more than 1% qty of shares through buy back so they are bullish on the business growth expectations . It will be wait and watch for some and good profits for some investing at the bottom price. You study and decide no one is forcing anyone to buy or sell. Its your decision its like a lottery ticket you buy you win ... you dont buy you lose.. You decide mate
Just4win ( Date: 13-Nov-2017 10:32) Posted:
Anyone can shed some lights why this counter has dropped fr 40s to the current price of 20s ?
POEM' s stock analytics has put a target px of 0.113 . Just wonder why leh ? Wanted to accumulate but am holding back.
Anyone can adv?
mogambo ( Date: 13-Nov-2017 10:12) Posted:
| seriously the big boys have accumulated quite huge quantities it is already oversold on the long term charts all the indicators are showing oversold...... Even the MACD histogram which gives the lead signals before MACD crossovers is going to cross over the zero line in the 5year/ 10 year and lifetime charts... Good to add with the big boys ... the accumulation is much heavier than the past as promoter has added in the big amount of shares to his kitty too. Added another small quantity to bring down my average price .. will sell only above 0.45 if the price shoots above that during this big bull run coming soon |
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I think what he implies is some is big bull are buying the warrants currently trading at 10 /12 cents and once these warrants covert to mother shares on 15th Nov 2017.. they will pull up the price over 40 cents to offload the mother shares. As an investor it does not make sense but as a trader it makes sense. Conversion of warrants are at 43 cents to 1 share.. and expiry date is May 2022. For an investor it is not worth to hold a warrant near to expiry date as its price goes to zero.
wcp2017 ( Date: 12-Nov-2017 22:30) Posted:
What is the Warrant Ex Conversion Price ?
It does not make sense.
If they push up other retailers will offload their warrants too.
tonylim70 ( Date: 09-Nov-2017 10:25) Posted:
Look at the warrants, past few days started to be become active.. Warrants can start converting to mother shares on 15 Nov next week. 6 mths after listed on SGX.
Subscription price 43 cents. BBs will start pushing the mother above 40 cents for them to offload their warrants at above 10 cents. Warrants will become multibagger for them to offload.
Ride along with the BBs.
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yes the warrants are actively trading at 10/12 cents now..... I am also waiting for the mother shares to move up above 43 cents to offload my warrants... what is the expiry date for those warrants bro?
tonylim70 ( Date: 09-Nov-2017 10:25) Posted:
Look at the warrants, past few days started to be become active.. Warrants can start converting to mother shares on 15 Nov next week. 6 mths after listed on SGX.
Subscription price 43 cents. BBs will start pushing the mother above 40 cents for them to offload their warrants at above 10 cents. Warrants will become multibagger for them to offload.
Ride along with the BBs.
mogambo ( Date: 09-Nov-2017 10:12) Posted:
| Yes bro the big boys have smartly snatched up all the shares from the fearful retail investors . Now the bulls and bears are only fighting for any dust settled at the dead bottom. Let?s see who wins the race. Positive signs are for an upside only as 9 out 10 indicators are in favour of the big bulls ha ha ha let the fight begin |
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seriously the big boys have accumulated quite huge quantities it is already oversold on the long term charts all the indicators are showing oversold...... Even the MACD histogram which gives the lead signals before MACD crossovers is going to cross over the zero line in the 5year/ 10 year and lifetime charts... Good to add with the big boys ... the accumulation is much heavier than the past as promoter has added in the big amount of shares to his kitty too. Added another small quantity to bring down my average price .. will sell only above 0.45 if the price shoots above that during this big bull run coming soon
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Nice observation let?s see what?s in store here
tonylim70 ( Date: 09-Nov-2017 10:25) Posted:
Look at the warrants, past few days started to be become active.. Warrants can start converting to mother shares on 15 Nov next week. 6 mths after listed on SGX.
Subscription price 43 cents. BBs will start pushing the mother above 40 cents for them to offload their warrants at above 10 cents. Warrants will become multibagger for them to offload.
Ride along with the BBs.
mogambo ( Date: 09-Nov-2017 10:12) Posted:
| Yes bro the big boys have smartly snatched up all the shares from the fearful retail investors . Now the bulls and bears are only fighting for any dust settled at the dead bottom. Let?s see who wins the race. Positive signs are for an upside only as 9 out 10 indicators are in favour of the big bulls ha ha ha let the fight begin |
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Good to see it reach 1.1 dollars ... I was confident it will wake up with good results asked everyone to add below 90 cents. Finally the giant woke up and there was a time I talked to myself over many months. Cheers
mogambo ( Date: 23-Aug-2017 11:37) Posted:
yeah brother it is a performing and undervalued company in singapore markets. Not to worry at all you will see with better performance you will see 1.2 and above in the next. So, relax and watch it once a month perform and go up higher and higher. cheers.
mogambo ( Date: 02-Aug-2017 10:07) Posted:
| wow i am just impressed seeing the deadly bullish hammer on weekly charts... time for it to show performance and then really take off like a rocket |
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