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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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Traveler
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07-Jun-2021 10:44
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Believe it's factored in already. Anyway, as per the government 's mco requirements, all glove factories are only allowed to operate at 60% work force.
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PhillipTan
Supreme |
07-Jun-2021 09:36
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Maybe that explains the drop
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Joelton
Supreme |
07-Jun-2021 09:25
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Riverstone confirms Covid-19 infections at Malaysia manufacturing facilities
MALAYSIAN glove maker Riverstone Holdings has confirmed 75 positive Covid-19 cases among its factory workers from its manufacturing facilities based in Perak, it said in a regulatory update on Sunday.
 
The temporary closures of its manufacturing facilities in Perak, together with a 60 per cent limit on workforce capacity, will result in an estimated loss of 2 per cent of the group' s total annual production capacity of 10.5 billion pieces of gloves, said the group.
 
It added that it had taken immediate action upon discovering positive Covid-19 infections at its manufacturing facilities on June 4, and is in the process of conducting Covid-19 screening tests for both its local and foreign workers.
 
It has since conducted about 1,500 polymerase chain reaction (PCR) tests, and further testing is being carried out.
 
Workers who have tested positive have been isolated within specially-designated worker dormitory blocks where adequate healthcare facilities are provided. As at June 6, there are no workers who are critically ill, said the group.
 
Those who have recently been in close contact with affected workers have also been isolated, and are under quarantine at separate designated zones within the group' s worker dormitories.
 
The group said it has and will continue to adhere to stringent Covid-19 safety measures. This includes frequent disinfection and deep sanitisation of all its manufacturing facilities and worker dormitories. Safety protocols such as safe distancing, regular Covid-19 testing and contact tracing to minimise further risks of infection are also in place.
 
" The health, safety and well-being of our employees remain our top priority. The group will continue to provide support to its workers, reach out to the respective families of those impacted to keep them informed of their situation, and make any special arrangements necessary to ensure their general well-being and needs are met during this trying period," said Riverstone.
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PhillipTan
Supreme |
07-Jun-2021 09:16
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Singapore stocks actually very much affected by US stock movements If you time it right and are very in touch with the market news locally and in US, it shouldn' t be too difficult if you are shorting the " popular" counters Question is, will the drop be even enough to cover the commission charges? Back to the question of how much capital and leverage you are putting yourself in And also, will you be able to stomach the loss, if any They say that usually traders will lose 60%-75% of the time For me personally, my losing rate is at around 40%, and really you need to have a strong heart to play this game  
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NT1825
Master |
07-Jun-2021 08:25
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possible Earn:  a few hundred to maybe a thousand dont mind Losing:  a few thousand dollars that you don' t losing Must be very chun in predicting. If go opposite way - double stress
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PhillipTan
Supreme |
07-Jun-2021 03:47
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SBL is only at around 0.6% with short interest of around 2.2%-2.3% chargeable on the number of days held if you are talking about CFD shorting As long as you don' t short across the ex date, you do not need to worry about dividends Any drops = Profits after deducting commission charges If you have like a few thousand dollars that you don' t losing, with the leverage given you can easily earn a few hundred to maybe a thousand if the price drops as anticipated On the other hand, you could also lose this money easily should the price remain the same or even goes up Difficulty lies in pre-empting the drops and timing the transactions when you play shorting, or even contra too if that is to your liking If you really play big, even a small 3-4 cents drop can be profitable already Don' t need the share price to drop by 30-40 cents to earn  
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NT1825
Master |
06-Jun-2021 23:52
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Agree. Following shortiest will be catastrophic. Learn from painful experience
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tonyja
Elite |
06-Jun-2021 22:12
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Riverstone confirms Covid-19 infections at Malaysia manufacturing facilitiesMALAYSIAN glove maker Riverstone Holdings has confirmed 75 positive Covid-19 cases among its factory workers from its manufacturing facilities based in Perak, it said in a regulatory update on Sunday.  The temporary closures of its manufacturing facilities in Perak, together with a 60 per cent limit on workforce capacity, will result in an estimated loss of 2 per cent of the group' s total annual production capacity of 10.5 billion pieces of gloves, said the group.  It added that it had taken immediate action upon discovering positive Covid-19 infections at its manufacturing facilities on June 4, and is in the process of conducting Covid-19 screening tests for both its local and foreign workers.  It has since conducted about 1,500 polymerase chain reaction (PCR) tests, and further testing is being carried out. Workers who have tested positive have been isolated within specially-designated worker dormitory blocks where adequate healthcare facilities are provided. As at June 6, there are no workers who are critically ill, said the group. Stay updated with  BT newslettersThose who have recently been in close contact with affected workers have also been isolated, and are under quarantine at separate designated zones within the group' s worker dormitories. The group said it has and will continue to adhere to stringent Covid-19 safety measures. This includes frequent disinfection and deep sanitisation of all its manufacturing facilities and worker dormitories. Safety protocols such as safe distancing, regular Covid-19 testing and contact tracing to minimise further risks of infection are also in place.  " The health, safety and well-being of our employees remain our top priority. The group will continue to provide support to its workers, reach out to the respective families of those impacted to keep them informed of their situation, and make any special arrangements necessary to ensure their general well-being and needs are met during this trying period," said Riverstone.  Shares of Riverstone ended Friday at S$1.38, down S$0.05 or 3.5 per cent. |
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sutiono
Veteran |
06-Jun-2021 18:20
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Costs for short selling is 6% pa for SBL , apart from declared dividends . How to make money ?
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not_98percent
Senior |
06-Jun-2021 15:27
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............. there are " hidden hands" as this counter is not even among the top 10 shorted-co in as many weeks and not in any issues with regulatory authorities in exporting its products. Moreover its suite of products encompasses more than just pandemic needs but also clean-rooms of now-hot semiconductor / electronics industries, which is supposed to be its forte
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n3wbie
Elite |
06-Jun-2021 14:51
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It is the market sentiment towards the sector and institutional investors are positioning against it (or seems like it). Inclusion into the MSCI will mean more institutional fund flows but the index funds are passive and not led by active fund managers. Valuations for the sector are very attractive relative to historical average though. Worth nothing that there is a Chinese glove maker, HuaYuan Medical that is planning up to US$300m IPO in HK as reported in Mergermarket end May. The market may indeed be seeing more supply coming from China. HuaYan for instance can manufacture 7bil vinyl gloves/annum and have lines under construction to add another 3.5bil/annum for nitrile gloves. 
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sutiono
Veteran |
06-Jun-2021 09:34
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The short sellers are really tough guys , even RS is in MSCI is not detering them from continued shortimg and covetung back their positiions. | ||||
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Midtermer
Master |
05-Jun-2021 09:50
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Added some at 1.37 yesterday too for short term trading. Hope the cloud is supported. Dyodd
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Hello08
Member |
04-Jun-2021 18:36
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alright. Good Luck! 
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Sunbrighten
Senior |
04-Jun-2021 18:25
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https://sginvestors.io/sgx/stock/ap4-riverstone/target-price
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ss2017.
Supreme |
04-Jun-2021 18:05
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I think the previous support is somewhere near here or 136. Good chance for a recovery. It is unlikely that it will visit 1.32 so a value for money stock. Dyodd
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Sunbrighten
Senior |
04-Jun-2021 17:51
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loaded more at 1.38..
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Richardlai
Master |
04-Jun-2021 16:52
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Lets hope for a fast and furious turnaround next week ! | ||||
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Jasongan
Member |
04-Jun-2021 16:50
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Hope so..today can see total shorts vol.see increase by how much sia.power shorties
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Richardlai
Master |
04-Jun-2021 16:30
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I think this could be the bottom at 137. Huat ah ! | ||||
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