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Latest Forum Topics / Riverstone    Last:0.885    -0.01  Post Reply
RIVERSTONE HOLDINGS LIMITED
lhc1964
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15-Feb-2021 11:48     
 
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 Alert Admin 		Believe FY 2022 should be better than 2021 ?
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Longtermer
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15-Feb-2021 10:54     
 
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Read Abstract from article..
https://www.forbes.com/sites/giacomotognini/2021/02/11/billionaires-making-boatloads-of-money-from-once-cheap-medical-gloves/?sh=26676a1e661c

For all of its recent success, Zyznowski&rsquo s Mercator Medical is a minnow in the glove world: the firm makes more than three billion gloves a year, compared to 93 billion for the industry leader, Top Glove. Many of the bigger players, including Wong Teek Son, the cofounder of a Malaysian glove maker that produces 10.5 billion gloves a year, are quick to blame higher raw material costs for higher glove prices.

Wong started Riverstone Holdings in 1989 when he left his job as a chemist at a larger glove manufacturer, striking out on his own to make gloves for the electronics industry. Asked about the potential for profiteering during a global health emergency, Wong counters that the price of nitrile rubber has increased by 250%, from about $850 a ton in March to anywhere from $2,000 to $4,500 a ton in December, depending on the supplier.

Data from commodities consulting firm S& P Global Platts backs this up, showing a twofold increase in the prices of acrylonitrile and butadiene &mdash the two chemicals needed to make nitrile rubber &mdash between March and December. But, of course, glove prices are up far more, tripling since the spring and rising more than tenfold over the past 12 months.

Certain nitrile gloves fetch up to $45 for a box of 100. " Long-term customers are willing to accept a higher price and spot buyers are coming in to offer extremely high prices,&rdquo says Riverstone&rsquo s Wong Teek Son.

The cost base has not changed much. This must have led to a huge increase in margins,&rdquo says Tomasz Rodak, an analyst at Poland&rsquo s BOS Bank. Adds Stephanie Cheah of Hong Kong brokerage firm CLSA: Raw materials are typically 50% of the glove cost, but if you&rsquo re raising your prices by 20% to 30% every month, the cost of raw materials is not going to catch up anytime soon.....
 
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Traveler
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10-Feb-2021 22:28     
 
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 Alert Admin 		Thanks, bro lhc.

lhc1964      ( Date: 10-Feb-2021 19:42) Posted:

Yes , 2 more double dips lines will be commisioned this coming April . There will be an increase of 1.5 Billion piece in year 2021. Total 11.5 billions pieces  in year 2021 .

Traveler      ( Date: 10-Feb-2021 19:28) Posted:

If we analyse the m-o-m ASP increase guide + additional capacity for Q4 by the company' s Q3 presentation, I feel that even the PAT of RM270m by the analysts is conservative. 
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lhc1964
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10-Feb-2021 19:42     
 
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 Alert Admin 		Yes , 2 more double dips lines will be commisioned this coming April . There will be an increase of 1.5 Billion piece in year 2021. Total 11.5 billions pieces  in year 2021 .

Traveler      ( Date: 10-Feb-2021 19:28) Posted:

If we analyse the m-o-m ASP increase guide + additional capacity for Q4 by the company' s Q3 presentation, I feel that even the PAT of RM270m by the analysts is conservative. 

lhc1964      ( Date: 10-Feb-2021 14:06) Posted:

71% of the shares are in the hands of top 4 shareholders. Many analysts predicted 4Q net profit after tax of RM270m . We are more conservative to say RM 250m , so the FY NPAT wil be RM 566m divide by 1.482b shares . The fy EPS will be RM 0.38 , @ 3.05 =S$0.12 . This work out to PER of 11.4 .

Conservatively if  FY2022 , the NPAT is RM900 , the PER will only be 6.85x .
 


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Traveler
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10-Feb-2021 19:28     
 
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 Alert Admin 		If we analyse the m-o-m ASP increase guide + additional capacity for Q4 by the company' s Q3 presentation, I feel that even the PAT of RM270m by the analysts is conservative. 

lhc1964      ( Date: 10-Feb-2021 14:06) Posted:

71% of the shares are in the hands of top 4 shareholders. Many analysts predicted 4Q net profit after tax of RM270m . We are more conservative to say RM 250m , so the FY NPAT wil be RM 566m divide by 1.482b shares . The fy EPS will be RM 0.38 , @ 3.05 =S$0.12 . This work out to PER of 11.4 .

Conservatively if  FY2022 , the NPAT is RM900 , the PER will only be 6.85x .
 

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lhc1964
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10-Feb-2021 15:44     
 
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 Alert Admin 		Children and many have cronic illness will not be vaccinated , so believe half of the world population will be vanerable to Covid even present vaccines are effective . So PPE is vital for prevention.

Longtermer      ( Date: 10-Feb-2021 15:26) Posted:


Will know when results are reported in 2 weeks time.
Am optimistic that price will return to value when time comes.
All huat!
 

lhc1964      ( Date: 10-Feb-2021 14:06) Posted:

71% of the shares are in the hands of top 4 shareholders. Many analysts predicted 4Q net profit after tax of RM270m . We are more conservative to say RM 250m , so the FY NPAT wil be RM 566m divide by 1.482b shares . The fy EPS will be RM 0.38 , @ 3.05 =S$0.12 . This work out to PER of 11.4 .

Conservatively if  FY2022 , the NPAT is RM900 , the PER will only be 6.85x .
 


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Longtermer
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10-Feb-2021 15:26     
 
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Will know when results are reported in 2 weeks time.
Am optimistic that price will return to value when time comes.
All huat!
 

lhc1964      ( Date: 10-Feb-2021 14:06) Posted:

71% of the shares are in the hands of top 4 shareholders. Many analysts predicted 4Q net profit after tax of RM270m . We are more conservative to say RM 250m , so the FY NPAT wil be RM 566m divide by 1.482b shares . The fy EPS will be RM 0.38 , @ 3.05 =S$0.12 . This work out to PER of 11.4 .

Conservatively if  FY2022 , the NPAT is RM900 , the PER will only be 6.85x .
 

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lhc1964
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10-Feb-2021 14:06     
 
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 Alert Admin 		71% of the shares are in the hands of top 4 shareholders. Many analysts predicted 4Q net profit after tax of RM270m . We are more conservative to say RM 250m , so the FY NPAT wil be RM 566m divide by 1.482b shares . The fy EPS will be RM 0.38 , @ 3.05 =S$0.12 . This work out to PER of 11.4 .

Conservatively if  FY2022 , the NPAT is RM900 , the PER will only be 6.85x .
 
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zandlery
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10-Feb-2021 13:48     
 
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 Alert Admin 		Same scenario before New year 2021 which when volume are low, selling down by shortist and shaking weak holder along with them.

Maybe after CNY volume pick up short seller covering will bring the price up n up.

Consider the first trading day in 2021 see short down stocks rise significantly.
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investor999
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10-Feb-2021 13:14     
 
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 Alert Admin 		All traders are short sellers. They try pump up to sell. Use cfd to short

johnsonyew      ( Date: 10-Feb-2021 09:55) Posted:

no selling pressure but share price keep drop
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zandlery
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10-Feb-2021 12:08     
 
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 Alert Admin 		You burmese?

danger      ( Date: 10-Feb-2021 10:24) Posted:

Containers line up at China ' s  sea ports, showing foreign consumers  appetite for Chinese goods


danger           ( Date: 10-Feb-2021 10:15) Posted:
 


LATEST !!! 10 the FEB 2021

A massive line-up of containers at Yantian Port in Shenzhen, South China ' s Guangdong Province, has reached its limits and led to serious congestion there.

The port, which handles one-third of Guangdong ' s foreign trade shipments and one-quarter of China ' s exports to the US, said that slow operations of foreign ports amid the COVID-19 pandemic and earlier shipment of exports ahead of the Spring Festival caused the backlog.

Since Wednesday, vehicles have been lining up to enter the port and return containers. A trailer driver surnamed Hou who has delivered containers at the port for years said that it took nearly 10 hours to return a container on Saturday.

In a Thursday statement sent by Yantian International Container Terminals (Hutchison Ports Yantian) to the Shenzhen Container Trailer Association, obtained by the Global Times, the terminal said that nearly 300,000 containers have been stockpiled at the port, hitting a record high with the stockpiling density reaching its limit !!

Yantian port mainly serves routes to Europe and the US.

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danger
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10-Feb-2021 10:24     
 
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Containers line up at China ' s  sea ports, showing foreign consumers  appetite for Chinese goods


danger           ( Date: 10-Feb-2021 10:15) Posted:
 


LATEST !!! 10 the FEB 2021

A massive line-up of containers at Yantian Port in Shenzhen, South China ' s Guangdong Province, has reached its limits and led to serious congestion there.

The port, which handles one-third of Guangdong ' s foreign trade shipments and one-quarter of China ' s exports to the US, said that slow operations of foreign ports amid the COVID-19 pandemic and earlier shipment of exports ahead of the Spring Festival caused the backlog.

Since Wednesday, vehicles have been lining up to enter the port and return containers. A trailer driver surnamed Hou who has delivered containers at the port for years said that it took nearly 10 hours to return a container on Saturday.

In a Thursday statement sent by Yantian International Container Terminals (Hutchison Ports Yantian) to the Shenzhen Container Trailer Association, obtained by the Global Times, the terminal said that nearly 300,000 containers have been stockpiled at the port, hitting a record high with the stockpiling density reaching its limit !!

Yantian port mainly serves routes to Europe and the US.
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johnsonyew
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10-Feb-2021 10:19     
 
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 Alert Admin 		wishh it up today
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lhc1964
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10-Feb-2021 10:00     
 
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 Alert Admin 		Just added some at 1.36 . 

johnsonyew      ( Date: 10-Feb-2021 09:55) Posted:

no selling pressure but share price keep drop
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johnsonyew
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10-Feb-2021 09:55     
 
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 Alert Admin 		no selling pressure but share price keep drop
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lhc1964
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10-Feb-2021 09:47     
 
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 Alert Admin 		Selling pressure has ceased also .

rexter      ( Date: 10-Feb-2021 09:38) Posted:

CNY?

johnsonyew      ( Date: 10-Feb-2021 09:27) Posted:

why today volume very low??? any hint??
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rexter
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10-Feb-2021 09:38     
 
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 Alert Admin 		CNY?

johnsonyew      ( Date: 10-Feb-2021 09:27) Posted:

why today volume very low??? any hint??
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johnsonyew
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10-Feb-2021 09:27     
 
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 Alert Admin 		why today volume very low??? any hint??
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lhc1964
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09-Feb-2021 09:56     
 
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 Alert Admin 		Many Thanks Zan !
It seems the shortists continue to play with fire .

zandlery      ( Date: 08-Feb-2021 23:52) Posted:

https://sginvestors.io/sgx/stock/ap4-riverstone/share-price-history

You can check out this website too. They will consolidate the data for certain stocks.
Include daily short volume.

lhc1964      ( Date: 08-Feb-2021 23:05) Posted:

Tried to access page of short sell info of SGX , but to no avail ( Do not know under which header ). Please help to enlighten how to get there ? Many thanks in advance .
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zandlery
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08-Feb-2021 23:52     
 
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 Alert Admin 		https://sginvestors.io/sgx/stock/ap4-riverstone/share-price-history

You can check out this website too. They will consolidate the data for certain stocks.
Include daily short volume.

lhc1964      ( Date: 08-Feb-2021 23:05) Posted:

Tried to access page of short sell info of SGX , but to no avail ( Do not know under which header ). Please help to enlighten how to get there ? Many thanks in advance .
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