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Godwinlow Elite	11-Nov-2021 13:24        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even u think Riverstone prospects not good. Go ahead short the stocks! Why u don' t want short the stocks? Scare ah? Want to talk, better back up with actions.  Godwinlow      ( Date: 11-Nov-2021 13:19) Posted: Are you in lala world? One person can push up ah. Talk so much. At least my actions and words the same. You? Only use your words and mouth to talk. All talk no action  Luzern      ( Date: 11-Nov-2021 13:15) Posted: 😱 😱 😱 ....thought you want to help push up the price? So you only mouth talk others to help push ah
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Luzern Supreme	11-Nov-2021 13:23        Luzern About Contact  Quote this Post!   Yells: "9"
x 0   x 0  Alert Admin	You are right tough for 1 person to move the counter. So why is RS falling then? Godwinlow      ( Date: 11-Nov-2021 13:19) Posted: Are you in lala world? One person can push up ah. Talk so much. At least my actions and words the same. You? Only use your words and mouth to talk. All talk no action  Luzern      ( Date: 11-Nov-2021 13:15) Posted: 😱 😱 😱 ....thought you want to help push up the price? So you only mouth talk others to help push ah
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n3wbie Elite	11-Nov-2021 13:23        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Hi bro, this update report was published this morning, 11 Nov. The report yesterday was published before the analyst briefing so the one I' ve shared below was post analyst briefing. highlander      ( Date: 11-Nov-2021 12:30) Posted: Bro n3wbie, could share with everyone, the date of the RHB report you have? The report I have dated 10 Nov 2021 shows :  TP $0.95 ( +22% return)  and Neutral (Maintained). *** 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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Godwinlow Elite	11-Nov-2021 13:19        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Are you in lala world? One person can push up ah. Talk so much. At least my actions and words the same. You? Only use your words and mouth to talk. All talk no action  Luzern      ( Date: 11-Nov-2021 13:15) Posted: 😱 😱 😱 ....thought you want to help push up the price? So you only mouth talk others to help push ah? Godwinlow      ( Date: 11-Nov-2021 13:12) Posted: Holding the same.
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Luzern Supreme	11-Nov-2021 13:15        Luzern About Contact  Quote this Post!   Yells: "9"
x 0   x 0  Alert Admin	😱 😱 😱 ....thought you want to help push up the price? So you only mouth talk others to help push ah? Godwinlow      ( Date: 11-Nov-2021 13:12) Posted: Holding the same.  Luzern      ( Date: 11-Nov-2021 10:56) Posted: Let me rephrase my dwleted post........so you still holding the same amount or more now
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sutiono Veteran	11-Nov-2021 13:14        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who want to rub salts and laugh , better do It fast because time is running out .
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Luzern Supreme	11-Nov-2021 13:14        Luzern About Contact  Quote this Post!   Yells: "9"
x 0   x 0  Alert Admin	Wah you Champion! Is selling illegal? Is buying illegal? Champion you.😱 😱 . So what did you did yesterday? Godwinlow      ( Date: 11-Nov-2021 13:10) Posted: You don' t need to warn me. " Help me keep selling shares at 0.78. I please you. Sell, short RS! I want grab at 0.78" I did not accuse you of anything. Unlike you. Accuse me of doing something illegal? Gald you delete what u have posted. If not things will be different. Post with responsibility. Thank you Luzern      ( Date: 11-Nov-2021 11:00) Posted: "Do not fabricate something untrue.  let me warn u
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Godwinlow Elite	11-Nov-2021 13:12        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Holding the same.  Luzern      ( Date: 11-Nov-2021 10:56) Posted: Let me rephrase my dwleted post........so you still holding the same amount or more now? Godwinlow      ( Date: 10-Nov-2021 22:40) Posted: For me to know, for you to find out. No need to share so openly. Just see the share price you will know what' s going on behind the scene
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Godwinlow Elite	11-Nov-2021 13:10        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	You don' t need to warn me. " Help me keep selling shares at 0.78. I please you. Sell, short RS! I want grab at 0.78" I did not accuse you of anything. Unlike you. Accuse me of doing something illegal? Gald you delete what u have posted. If not things will be different. Post with responsibility. Thank you Luzern      ( Date: 11-Nov-2021 11:00) Posted: "Do not fabricate something untrue.  let me warn u" Godwinlow      ( Date: 09-Nov-2021 19:42) Posted: Help me keep selling shares at 0.78. I please you. Sell, short RS! I want grab at 0.7
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tritonyeah6666 Senior	11-Nov-2021 13:06        tritonyeah6666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then very self contradicting. On one hand you wishes every holders all the best & you said you sincerely hope so. Then you said shortist will only stop when see shortage of sellers. Then you asked everyone to sell at every small rebound. If your plan works, there will be enough sellers, then shortist will not stop. Stock will not be able to rebound. Those you wishes all the best, how to all the best. Cannot like that lar friend. Really... Sigh wavehunter      ( Date: 11-Nov-2021 12:43) Posted: You dont sell, others will. Your sacrifice by holding on, will be in vain. Those who heeded my suggestion and sold at the peak of the bounce at 1.59....1.30.....etc....and more recently.... 95 cts.... are they much, much, much better off today or are they better off by not selling and being a sacrifice ?  Anyone here who in fact sold into a bounce after reading my postings, if you are still here, please come out to share are you glad you sold or you regretted it. Thank you.
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wavehunter Supreme	11-Nov-2021 12:43        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	You dont sell, others will. Your sacrifice by holding on, will be in vain. Those who heeded my suggestion and sold at the peak of the bounce at 1.59....1.30.....etc....and more recently.... 95 cts.... are they much, much, much better off today or are they better off by not selling and being a sacrifice ?  Anyone here who in fact sold into a bounce after reading my postings, if you are still here, please come out to share are you glad you sold or you regretted it. Thank you.
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ttbanthony Veteran	11-Nov-2021 12:38        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally insane Before pandemic same n after pandemic Also same despite better cash n everything
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tritonyeah6666 Senior	11-Nov-2021 12:36        tritonyeah6666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There comes the key word from your own words - they will stop when short becomes more risky when there is shortage of sellers. Telling everyone to sell at every small rebound may not necessarily help the real holders but definitely help the shortists - no shortage of sellers wavehunter      ( Date: 11-Nov-2021 12:07) Posted: Bro investor, Yes. In a situation like this, to be vested LONG in a stock which is targeted by shortists for hammering is a most heart-wrenching and frustrating experience. Makes you wish you can round up all these shortists and lock them up somewhere so that they cannot hammer your stock down anymore. The only way out of such a situation is to go with the tide. Yes, horrendous it may sound, no choice one - cut all your LONGs and go SHORT to ride on the waves generated by these shortists. Let them do the work and produce the energy. You harvest from their work. All those LONG positions you had in the hundreds of thousands of lots bought at various prices from above $1.00 to the 90s and 80s.... just imagine if all those hundreds of lots you had are all SHORT positions, you will be doing this now. . So Bro investor, in this game, the thing NEVER to do is to try to swim against the current. We cant. We are no salmon. Instead, when you see something like this, you have only 2 options - either do nothing or if you want to ride on them, join them. Dont fight them. Becoz you cant. You will be merely sacrifising your troops by sending them into a battle which you cannot win. The legendary General Sun Tzu said.... " A losing general sends his troops into battle without understanding what conditions are necessary for victory. Then tries to fight his way out in a desperate attempt to seek victory. A winning general understands what conditions must be present for victory, then waits for those conditions to be present before he sends his troops into battle." This general may be an ancient Chinese general who fought with swords and spears and arrows but there is much wisdom in what he said. When will the shortists stop? I dunno. Logically, at a level where they can see that selling has slowed down to a level where to do this " short to push the price lower and then cover lower to book profits" becomes more risky due to the shortage of sellers.  But meantime, this method works very well becoz my friend, in the stock market, fear is a powerful motivator.  investor999      ( Date: 11-Nov-2021 11:40) Posted: Dear Bro Wavehunter: All I can say from the chart is that when they sell they are quite sure somebody else will sell as well. In other words they kept selling and collect lower. This has been going on the 1 year. I wonder how long more
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highlander Senior	11-Nov-2021 12:30        highlander About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro n3wbie, could share with everyone, the date of the RHB report you have? The report I have dated 10 Nov 2021 shows :  TP $0.95 ( +22% return)  and Neutral (Maintained). *** 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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yumsang Member	11-Nov-2021 12:27        yumsang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hope ocbc can perform better than this stock
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wavehunter Supreme	11-Nov-2021 12:24        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Bro investor, Another observation I would like to share .... and let those who have ears and wish to listen, listen. Those who do not wish to listen can just stop reading this post right here right now before they get themselves annoyed further. My advice for those who care to listen is - when you analyse a stock and tries to read its direction, use logic, use data, use common sense, fall back on your trading history with that stock, draw on your trading experience, study the chart, observe the price action and give the most amount of weight to the price action becoz the price action will corroborate or confirm or negate all the other factors you took into account. Believe in what you see from the price action. Not believe in what you want to believe. And trade what you see. Not what you want to see. And above all, use common sense and be objective when you examine and scrutinise a stock and the views of others. Never use anger to do this job. Becoz anger will just bring out all your personal bias and prejudice and cloud your judgment and blind you from seeing the truth.
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beng1102 Elite	11-Nov-2021 12:08        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking the open short position declining,  u know that even the shortists are starting buying.  The dividend policy of the company will give strong support. investor999      ( Date: 11-Nov-2021 11:40) Posted: Dear Bro Wavehunter: All I can say from the chart is that when they sell they are quite sure somebody else will sell as well. In other words they kept selling and collect lower. This has been going on the 1 year. I wonder how long more
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wavehunter Supreme	11-Nov-2021 12:07        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Bro investor, Yes. In a situation like this, to be vested LONG in a stock which is targeted by shortists for hammering is a most heart-wrenching and frustrating experience. Makes you wish you can round up all these shortists and lock them up somewhere so that they cannot hammer your stock down anymore. The only way out of such a situation is to go with the tide. Yes, horrendous it may sound, no choice one - cut all your LONGs and go SHORT to ride on the waves generated by these shortists. Let them do the work and produce the energy. You harvest from their work. All those LONG positions you had in the hundreds of thousands of lots bought at various prices from above $1.00 to the 90s and 80s.... just imagine if all those hundreds of lots you had are all SHORT positions, you will be doing this now. . So Bro investor, in this game, the thing NEVER to do is to try to swim against the current. We cant. We are no salmon. Instead, when you see something like this, you have only 2 options - either do nothing or if you want to ride on them, join them. Dont fight them. Becoz you cant. You will be merely sacrifising your troops by sending them into a battle which you cannot win. The legendary General Sun Tzu said.... " A losing general sends his troops into battle without understanding what conditions are necessary for victory. Then tries to fight his way out in a desperate attempt to seek victory. A winning general understands what conditions must be present for victory, then waits for those conditions to be present before he sends his troops into battle." This general may be an ancient Chinese general who fought with swords and spears and arrows but there is much wisdom in what he said. When will the shortists stop? I dunno. Logically, at a level where they can see that selling has slowed down to a level where to do this " short to push the price lower and then cover lower to book profits" becomes more risky due to the shortage of sellers.  But meantime, this method works very well becoz my friend, in the stock market, fear is a powerful motivator.  investor999      ( Date: 11-Nov-2021 11:40) Posted: Dear Bro Wavehunter: All I can say from the chart is that when they sell they are quite sure somebody else will sell as well. In other words they kept selling and collect lower. This has been going on the 1 year. I wonder how long more
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tritonyeah6666 Senior	11-Nov-2021 12:07        tritonyeah6666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's exactly what some of these ppl here been trying so hard to do. Creating the very poisonous impression that everyone here is struggling to find a chance to get out. In reality, those who want to cut loss would have already cut lor. it has been more than a year, how many stuckist bought at high still holding given the Continuous lambasting :) the continuous lambasting is only to scare new buyers l, make sure no interest & make sure the stock can not rebound strong, olthen the game can go on, story can go on
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investor999 Elite	11-Nov-2021 11:40        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear Bro Wavehunter: All I can say from the chart is that when they sell they are quite sure somebody else will sell as well. In other words they kept selling and collect lower. This has been going on the 1 year. I wonder how long more
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