Latest Forum Topics /
Riverstone
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potential take over target
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Sgvale
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22-Apr-2020 16:07
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Boss said orders keep flooding . His machines running non stop to keep up with demand
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troylee
Member |
21-Apr-2020 15:13
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Hi All, new to investing. Wondering why Glove making companies like UG Healthcare have soar but yet not much movement for Riverstone? |
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phongy45
Senior |
16-Apr-2020 14:53
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wow .... 1.18 ...vol 722,000 ...covid10/28   |
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Sgvale
Supreme |
13-Apr-2020 16:05
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W fully automation, labour cost reduced & running at full capacity to meet overwhelming demand. | ||
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n3wbie
Elite |
30-Mar-2020 09:07
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Yeah, good article in BT today. Headline says it all - " Riverstone sees demand surge for healthcare gloves amid virus outbreak"
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Sgvale
Supreme |
30-Mar-2020 08:29
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Boss said Co don't need many labour. By automation to produce surge in demand for hand gloves. Boss said is producing as many as it can to meet world demand amid the Covid 19 virus | ||
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n3wbie
Elite |
25-Mar-2020 23:22
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Quite a positive quote on Riverstone by CNA couple of days back -  https://www.channelnewsasia.com/news/business/21-sgx-listed-firms-shut-malaysia-operations-restricted-movement-12559972
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rainbowman
Senior |
25-Mar-2020 18:31
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https://www.malaysiakini.com/news/516802, this one says production affected by MCO, half staffed and packaging issues. | ||
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yamseng
Supreme |
25-Mar-2020 16:08
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Until last week, Wong Teek Son had not bought shares of his company in at least 5 years, which is as far back as we can check on the SGX website. It comes as no surprise that the  executive chairman and CEO of Riverstone Holdings  has been buying shares in recent days.  |
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yamseng
Supreme |
25-Mar-2020 16:06
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https://www.channelnewsasia.com/news/world/covid-19-us-lifts-ban-on-malaysian-medical-glove-maker-amid-12573548    KUALA LUMPUR: The United States has lifted a ban on a Malaysian medical glove maker it had accused of using forced labour, a government statement showed, amid a surge in demand for personal protective equipment to fight the coronavirus crisis. |
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n3wbie
Elite |
24-Mar-2020 09:59
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More insider buying from the Chairman and Malaysian peers are charting new highs, way laggard relative to peers. Hartalega just hit new highs today with 57x PE while Top Glove trades at 41x, Kossan trades at 27x while Riverstone trades at 13x despite commanding similar or super ROE/ROIC. | ||
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n3wbie
Elite |
22-Mar-2020 13:13
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Saw that the Chairman and CEO also did some buybacks at around 71c. Checked against the history of the company since IPO and this appears to be the first time. During 08 crisis, the management mostly exercised their options/warrants which again is a pledge of confidence in the company' s future.  As mentioned previously, all indusry tailwinds are in their favour - strong USD/MYR, cheap raw materials cost due to oil price crash and most importantly a ramp up in utilisation of their increased capacity to meet the global demand for healthcare gloves and medical consumables.  |
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Maller
Elite |
21-Mar-2020 09:11
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The main reason think is bbs not collected enough and some shortists trying to use opportunities to short it. Will not be ling before it goes up. I think this epidemic is more serious also teaches people to be hygenic and learn a habit to wear masks and gloves. Good demand going forward. Dyodd  | ||
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Sgvale
Supreme |
21-Mar-2020 09:05
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Strong demand, favourable US -Ringgit exchange rate, low raw material for rubber glove. Why keep falling? No reason
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Maller
Elite |
21-Mar-2020 07:31
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Huat arr.. think their manufacturing not shutting down in malaysia. see CNA news: at least 21 listed companies... On the other hand, some businesses have been allowed to continue operations as they fall under the scope of essential services.... Mainboard-listed glove maker Riverstone Holdings told CNA: &ldquo The manufacturing of medical gloves and face masks has  been deemed by the authorities as an essential industry....dyodd Dyodd |
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n3wbie
Elite |
19-Mar-2020 14:58
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Good set of results from Top Glove should see it reflecting positively across the sector, hopefully soon | ||
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Sgvale
Supreme |
19-Mar-2020 11:01
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DROPS SO MUCH | ||
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Maller
Elite |
19-Mar-2020 09:28
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Good news!! | ||
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n3wbie
Elite |
19-Mar-2020 09:23
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Seems like the glove manufacturers continue to ramp up production - not affected by the shutdown in Malaysia. " The Malaysian Rubber Glove Manufacturers Association (MARGMA) said it is the duty of the industry to further increase the output of protective medical gloves for the healthcare industry and individuals seeking to avoid cross-transmission of the virus." https://themalaysianreserve.com/2020/03/18/163673glove-manufacturers-ramp-up-production-to-cater-to-demand-beyond-asia/ |
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Sgvale
Supreme |
18-Mar-2020 10:59
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Top Glove & UG Health recovered well . Riverstone ? | ||
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