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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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investor999
Elite |
01-Nov-2021 14:23
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Bought at 0.82. Average down | ||||
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investor999
Elite |
01-Nov-2021 13:58
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The short sellers timed it. You see I bought last month at 0.88 and up to support. They shorted at 0.89 and expected us to sell. They will be disappointed | ||||
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ksangks
Senior |
01-Nov-2021 12:55
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Knee jerks reaction only la | ||||
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beng1102
Elite |
01-Nov-2021 12:52
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Any one off tax is unlikely to have long term impact.
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des_khor
Supreme |
01-Nov-2021 12:44
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Better change to cukai Mabuk ! Now Investors see this news also Mabuk !
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Standard
Member |
01-Nov-2021 12:36
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Facebook going to change name. This comp need to change name also. The name now buey " lang". Its share dropped like a " stone ." Its shareholders see already " stone stone. " | ||||
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mchua71
Senior |
01-Nov-2021 12:22
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Still don' t get it why RS price Keep on plunging. Seems like no end to price falling.  Hope it will reach the Bottom soon.   
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highlander
Senior |
01-Nov-2021 12:15
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This measure applies to all Malaysian companies. Looks like the current share price of glove counters already factored in the tax issues. That' s why their share price did not change much in Bursa today. Hope RS will rebound soon. The main losers in Bursa today are the high earners of other sectors - the bank, consumer products stocks.
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TheMatrix
Elite |
01-Nov-2021 11:54
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Investor already screw by share price drop and now screw by Malaysia government... Die liao! Really panic selling.
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ksangks
Senior |
01-Nov-2021 11:49
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This is applicable to individual company , not apply to holding company . So can expect many wholly owned subsidiaries will be set up soon
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beng1102
Elite |
01-Nov-2021 11:46
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Yes, some panic selling is triggered by this news.
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slimerlth
Member |
01-Nov-2021 11:42
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The " Cukai Makmur" is a one-off tax measure introduced by the federal government in Budget 2022, whereby earnings above the RM100 million mark will be taxed at a rate of 33%, instead of the blanket 24% rate previously. Last friday just announced, this may impact Riverstone. | ||||
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investor999
Elite |
01-Nov-2021 11:38
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A stupid seller is a short seller.
They chose to sell when buying is weak and not when there are lots of buying interests
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ksangks
Senior |
01-Nov-2021 11:36
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EPF bought a lot at 1.35 . Now need monies , cut loss
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beng1102
Elite |
01-Nov-2021 11:35
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I don' t think this time is short selling.  It looks more like panic selling.  Maybe from the poor provident fund again.    There were good buying interest @0.855/0.86 last week but seller choose to seller lower today,  very stupid seller not like short seller.
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yumsang
Member |
01-Nov-2021 11:33
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the tp was 1.8 just merely a month or so before price crash below $1 then new tp became 1.28 see if they gona revise again... may be they neglected this epf shitty rhino 
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yumsang
Member |
01-Nov-2021 11:29
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everytime this kns epf sell the price will go down a lot  | ||||
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Traveler
Member |
01-Nov-2021 11:21
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I remember that too. Think it was in October 2020. To be fair to them, the sentiment then was very bullish as manufacturers were having massive orders with high ASP. The sentiment changed when vaccine was made available much sooner than expected. 
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investor999
Elite |
01-Nov-2021 11:20
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Volume is high. It is out and in only. No meaning. Only trapping the margin call people. I am sure these people know but they can't help it. Have to sell. So they roll and roll | ||||
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TheMatrix
Elite |
01-Nov-2021 11:20
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I dont think they will aprroved such rules.
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