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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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TA_Expert
Supreme |
19-Nov-2020 12:52
Yells: "The World has changed" |
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x 0
x 0 Alert Admin |
Everybody wearing PPE in the world is the day human extinction comes.
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NT1825
Master |
19-Nov-2020 12:40
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Surely shortist working behind the scene. RS technically oversold. From now BB may have to reverse their strategy. The safeguard investors have - 1) do not sucuumb further to such talk down to get rip off 2) protect your stocks, dont let traders use them
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Bongbong
Master |
19-Nov-2020 12:04
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Our dear PM lee just said vaccine rollout to significant proportion of population and for international travel to resume will take many years. | ||||
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SGPhantom
Master |
19-Nov-2020 12:01
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That' s very good for you. But not everyone has the deep pocket or bullets to keep averaging down, nor the funds to park and keep waiting. So every player must have his / her own strategy.
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BullAllTheWay
Veteran |
19-Nov-2020 11:48
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Gloves are a harder material to make. Not only that. Do you think that the price of the gloves will go back to pre-covid?
Demand and supply. And the people mindset after covid. You might think that gloves, mask are not needed, or maybe alot of things are not. True fact is, it will be a changed world after covid. Who knows, even with vaccine, i believe it is still a must for people to wear gloves and mask and other ppe? Challenge comes only post-covid. Maybe it will be a must for all people in service/human meeting line to be still wearing ppe 3-5 years after this pandemic has a vaccine.
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TA_Expert
Supreme |
19-Nov-2020 11:33
Yells: "The World has changed" |
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You missed the point. Of course, the company is not producing masks. I am merely using mask as an analogy.
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Bongbong
Master |
19-Nov-2020 11:29
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So far today selling seems quite well absorbed. good sign imo |
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MtFaber
Senior |
19-Nov-2020 11:27
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After Covid-19, PPE will be the new normal for health care workers. The current vaccine is only for covid-19. Who knows when another deadly strain of virus will emerge? If you observe in clinics and hospitals, every new case the healthcare staff will change a new pair of gloves. So how will demands drop??? I think those who talked down on gloves stock are those who had shorted! |
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investor999
Elite |
19-Nov-2020 11:17
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I bought SIA from 4.25 all the way down to 3.20
This is the kind of persistence
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investor999
Elite |
19-Nov-2020 11:10
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I have bought more at 1.32
Once decided to support means I will keep buying
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highlander
Senior |
19-Nov-2020 10:48
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Tradeview Commentaries - Unwavering Confidence In Glove Makers In Spite of Vaccine NewsflowAuthor: tradeview | Date: 18 Nov 2020Use this opportunity to buy on weakness. When value emerges ignore the noises. I think Riverstone, Hartalega, Top Glove, Supermax, Sri Trang, Kossan are good fundamental companies worth a place in your portfolio regardless of the " overnight vaccine experts" who think otherwise.
The market sentiment over the week was a mixture of anxiety and joy. Joy for those who believed in value stocks and blue chips, whereby it surged tremendously. Anxiety however, are for investors of glove, PPE and related stocks which reacted adversely due to the news of Pfizer vaccine. On a positive note, following US elections and Pfizer vaccine news, foreign funds have been flowing back to Malaysia for 3 consecutive days and even exceeded 20% overall market participation level. In the coming weeks, there will be more vaccine news. It will likely be Moderna and Astra Zeneca to follow. Potentially, China vaccines will also come through with their phase 3 safety data. In this case, it will bode well for Value stocks (Banks, select blue chips) and Legitimate Vaccine related companies How about glove, is it all over? Through the year, I have done many site visits personally and met with management of key industry players, even spoke with established distributors. Whatever I have shared are not information pluck from the sky based on airy fairy hopes but on objective facts. I will update all my latest view post-Pfizer announcement. 1. Earnings visibility for gloves are still at least 12 month / 1 full year through 2021. (This is not a disputed fact even by the most bearish analyst for the sector. ) 2. Vaccine or no vaccine, ASP and demand won' t fall off the cliff. (Again not disputed fact even by the most bearish analyst) 3. Mass vaccination will take time, and implementation for the world even longer. At the very least 1 year. (This is a fact stated by WHO & Dr. Fauci.) 4. Glove strong demand due to severe shortage will last through to 2022. New hygiene practice and structural step up, increased healthcare budget for governments around the world and stockpiling requirements contributes to this. (This is a fact) 5. Potential future oversupply concern. (Two camps arguing with 1 side arguing due to new entrants there will be oversupply but I don' t believe this as new entrants can' t compete with established players due to certification, safety standards, economies of scale and technical know how) 6. Eventual decline in mid 2022/2023 for ASP and demand (strongest argument for glove bears. My view - I can' t tell what happens in 18 / 24 months. No one can. As the time progresses, more visibility comes through. But I believe ASP will plateau later than sooner, definitely not this year) 7. Glove stocks are overvalued. These are noises by naysayers and bears. No matter which method I adopted, PER multiples against past year Standard Deviation, DCF or the most accurate EV/EBITDA (EV ratio), dividend yield forecast, gloves stocks are undervalued and a mile from being overvalued. This is a fact. If analysts are objective and fair in their assessment for all companies in Bursa using the same stringent assessment scrutinising glove stocks, there will be absolutely no companies that we can buy or invest anymore. Tech stocks are by far grossly overvalued, recovery stocks like airlines / tourism are taking into account future earnings which does not exist, local vaccine related stocks with MOU has no proof of ability to deliver as the best vaccines are taken up. In a nutshell, I think some investors and select funds are overly conservative in valuing glove stocks. They are worried being caught as the last one holding the stocks choosing to forego 1 full years of record Profits and potential bumper dividend. Use this opportunity to buy on weakness. When value emerges ignore the noises. I think Riverstone, Hartalega, Top Glove, Supermax, Sri Trang, Kossan are good fundamental companies worth a place in your portfolio regardless of the " overnight vaccine experts" who think otherwise. |
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tohchinhwee
Senior |
19-Nov-2020 09:45
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Credited today. Funny thought normally credit on the day it went xd so people can sell if price go up or down. Now already dropped so much. | ||||
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Curtin
Member |
19-Nov-2020 09:42
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Today bonus sahre suppose to credit, but still not reflected in CDP....do I need wait for it to appear in CDP before I can sell? | ||||
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Bongbong
Master |
19-Nov-2020 09:42
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Yes yes investors should sell when charts are bearish, not buy. so did u sell your entire portfolio months back in the plunge at the lows? Every single chart was bearish then
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LeShramp
Member |
19-Nov-2020 09:38
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Hold. When the market stops trading on news, investment sentiment should come back to quality, high return stock with high growth profile. If you believe that this counter is one of them in the new normal, don' t be afraid to hold. Time in the market!
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Checkerman
Master |
19-Nov-2020 09:24
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x 0
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better sell now . chart is bearish $1.20
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Bongbong
Master |
19-Nov-2020 09:20
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Waiting for those who wants to sell to finish selling now | ||||
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Flyingtask
Supreme |
19-Nov-2020 06:39
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Safety First Healthcare CEO Shaun G. Morgan Examines Growth Drivers for Nitrile Gloves MarketNEWARK, NJ / ACCESSWIRE / November 17, 2020 / Safety First Healthcare, a Delaware company registered with the Securities & Exchange Commission as a US-form 10 public company with factories in Vietnam specializing in the personal protective equipment business, explains the factors which are driving nitrile glove demand and pricing. Read more: http://m.digitaljournal.com/pr/4882487#ixzz6eBlcMKVB Read more: http://m.digitaljournal.com/pr/4882487#ixzz6eBlTcpTr http://m.digitaljournal.com/pr/4882487 |
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Flyingtask
Supreme |
19-Nov-2020 06:33
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Europe has half of world's 4M new virus cases but sees hope
The World Health Organization says Europe made up almost half of the roughly 4 million new coronavirus cases it tallied globally last week By JAMEY KEATEN Associated Press November 18, 2020, 10:08 AM ET ? 4 min read https://abcnews.go.com/Health/wireStory/europe-half-worlds-4m-virus-cases-sees-hope-74274273 |
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Flyingtask
Supreme |
19-Nov-2020 06:32
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I?m a contact tracer in North Dakota. The virus is so rampant that we gave up.
All we can do is notify people, as quickly as we can, that they have the virus https://www.washingtonpost.com/outlook/2020/11/18/north-dakota-contact-tracing-stopped/ |
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