| Latest Forum Topics / Riverstone Last:0.885 -- |
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Shen Yao (Miracle Medicine?): New Beginning!
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beetlejuice
Master |
15-Aug-2022 18:51
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Still early days.
Chk price around Dec last year. 🎣
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Taigong_Jiang
Member |
15-Aug-2022 18:18
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I also wondering, the quarter to quarter profit just drop 8% but the share price drop like bottomless... shortist short too much for this time. | ||||
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beetlejuice
Master |
15-Aug-2022 15:42
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I will make my first buy into a glove stock if what you said happen.
This is a well run company.
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Tracer63
Elite |
15-Aug-2022 15:35
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Stay away. Likely to break 0.70 and retest 0.66 to 0.68 region. | ||||
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bluekelah
Senior |
15-Aug-2022 12:09
Yells: "lock and loaded..." |
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One of the few currently unloved/undervalued mid-caps. probably can accumulate below 70c. Based on EPS of 4c+ this 1H which has normalised, going forward if we project 8c for full year, PE is less than 10. Glove business is still expanding and RS has the semicon glove to supplement lower margin of HC gloves.   |
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marco69
Senior |
12-Aug-2022 16:59
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I got the same feeling too. He like a reverse indicator... 😂
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msksmsks
Supreme |
12-Aug-2022 16:54
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When u appear, it's time yo buy.
Proven every time. LOL Cheers |
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Checkerman
Master |
12-Aug-2022 16:52
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Better offload fast . | ||||
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marco69
Senior |
12-Aug-2022 16:36
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Malaysia glove stock all drop 7-11%. It overall drop, nothing can a decent result can do. RS still have tons of cash. Wondering when they giving back as dividend. Maybe annouce a special dividend later?
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sweet639
Veteran |
12-Aug-2022 16:22
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RS declared RM0.10 dividend & yet price drop so much, dont understand what logic is it,  may be many sold ot few day ago when pricehit 0.845
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Stormrider
Member |
12-Aug-2022 16:14
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Then why does the price keeps falling like Humpy Dumpy?
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Longtermer
Elite |
12-Aug-2022 10:54
Yells: "A disciplined investor is a wealthy investor" |
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RS is very profitable and profits is about RM100m per qtr. EPS will be about 2.2c. For whole year, they will likely make about RM400m. Eps for full year to be about 9c. Current trading at 78c will translate to 8.6 times PE. UG makes about 10.7m per qtr and whole year will be about 43m. Eps est to be 7c for FY2022. Current price at 21c will translate to 3 times PE (should be a lot more). Both are cheap imo, but which has better value? DYODD.   |
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highlander
Senior |
12-Aug-2022 09:08
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A net profit of RM208.9 million from a revenue of RM754.3 million translates to a net margin of 27.7%. This is the best results among the glove peers. Leadership in Cleanroom glove business will see RS differentiating itself from others.
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sweet639
Veteran |
12-Aug-2022 07:55
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woh, dividend of RM0.10 is not bad at this time of the year
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Midtermer
Master |
12-Aug-2022 07:27
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Net profit seems to be stable at around 100M per quarter. With the ongoing expansion for cleanroom gloves, we should see a better or at least comparable net profit in the coming quarters. Thank you boss Wong for the generous dividend once again. Cheers.
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FreedomAngelz
Veteran |
11-Aug-2022 18:55
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RS cashflow very healthy....lucky still have dividends. Last dividend payout i received close to $4k, this upcoming one around $1350.....paper loss still around $35k. Need the price to go back up to above $1.30 |
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spursfan
Supreme |
11-Aug-2022 18:47
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Riverstone?s 1H2022 net profit normalizes to RM208.9 million
? The Group achieved net profit of RM208.9 million on the back of RM754.3 million of revenue for 1H2022 ? Amid intensifying competition in the glove market, the Group shifts its focus from producing the standard glove products to cleanroom and specialty products ? The Board recommends a dividend of 10.00 sen (RM) to reward shareholders SINGAPORE ? 11 August 2022 ? Mainboard-listed Riverstone Holdings Limited (?Riverstone? or ?the Group?) 立 合 斯 顿 有 限 公 司 , a leading manufacturer of specialised cleanroom and healthcare gloves has announced its first half financial results (?1H2022?) ended 30 June 2022. The Group recorded revenue of RM754.3 million and net profit after tax of RM208.9 million for 1H2022 as less quantity of products were produced with the recovery of the general market back to pre-COVID-19 demand levels. As the market normalizes in terms of selling prices and demand for medical gloves, lower sales activities and lower performance incentives were observed. This resulted in lower selling and distribution expenses by 31.9% yoy to RM10.6 million, and a lower general and administrative expenses by 29.3% yoy to RM21.9 million. On the balance sheet end, the Group generated net operating cash flows of RM228.5 million, 78.7% lower yoy due to lower profit before tax. Cash and cash equivalents decreased by RM393.0 million following dividend payout, however as at 30 June 2022, cash and cash equivalents stood at a healthy RM1.23 billion. The Board recommends an interim dividend of 10.00 sen (RM) per ordinary share to reward shareholders for their support. (1H2021: 10.00 sen (RM) per ordinary share) https://links.sgx.com/1.0.0/corporate-announcements/IDAMYTSKUUKYFJ3V/728023_Riverstone%20-%20Press%20Release%201HFY2022.pdf |
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msksmsks
Supreme |
11-Aug-2022 13:24
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Don't hide behind the curtain and be a 事 后 孔 明 。
Stick yr head out and call for a shot ATM Else NATO
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Twiggy
Member |
11-Aug-2022 13:19
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Haha Jinx. Every time you said going up, always dumped down
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msksmsks
Supreme |
10-Aug-2022 12:48
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Angmoh  (at least 4) coming in..... can we see the next sequel Cheers  
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