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Riverstone
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Riverstone go go go!
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JessTrang
Veteran |
10-Dec-2021 20:38
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It' s because the price was pumped up so high to an extent every low is cheap and thus avg down. I would do the same if i continue to be stuck in pandemic era mindset. Ask yourself what' s next when next phase is endemic follow by normalcy. How many new customers are they going to get, how big is the company market shares? Would customers save costs and lower down their inventories? How many newcomers to compete with them? Without pandemic, the company also earning profit, hence that pre pandemic price was the gauge by market..  after this whole thing stabilise with a more powerful vaccines which may handle future variants, would theirs orders be reduced? Ask yourself these questions from RS and customers stance. The main question is what' s next after this pandemic(this will end eventually unless you don' t have faith in the medical field).
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tritonyeah6666
Senior |
10-Dec-2021 20:05
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Actually, 1 question to ask ourselves - fundamentally are the 2 businesses really in opposite camp? if gloves company out of.business, let's say to the extreme case all closed down, really the economy will recover better or faster? I think in actual fact it is not. Medical consumables will help accelerate the recovery. It is the speculative play/trade that create this opposite camp situation. To the extent that many that buy travel, Banos & REITs stocks so much so stuck with the idea that if medical don't go down their travel, bank & REITs cannot go up. Thus many talk down the stocks. Btw, I am vested in both camp
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msksmsks
Supreme |
10-Dec-2021 19:39
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Yes bro
Mr Wong finally make his move after keeping low profile after his last purchase. This symbolic move only meant one thing. My share is cheap. The BB wl be watching this. Also looking fwd to their result and generous dividend payout Cheers |
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Godwinlow
Elite |
10-Dec-2021 19:32
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shareholders are thankful for Mr Wong to buy back. Despite Top Glove posting very weak results, Rs is doing buy back and this shows both companies have different models and Mr Wong is leading by example to show confidence On behalf of minority shareholders we are thankful to Mr Wong&hellip &hellip |
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JessTrang
Veteran |
10-Dec-2021 17:03
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Many people got stuck at high prices because they can' t get out of the word PANDEMIC even after 1 year the vaccines rolled out.. they chose to believe and think what they want but the high and powerful tier are at the opposing camp because they will place theirs money on those recovery sectors. those high and powerful ones are those believe in VACCINES. |
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TA_Expert
Supreme |
10-Dec-2021 16:48
Yells: "The World has changed" |
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Wait for 3 series if you are a long term investors. If you have spare cash, 4 series to $0.5 can nibble a little bit. The fairy tale of Riverstone is over. What a amazing change of event within a year. |
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Midtermer
Master |
10-Dec-2021 16:31
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0.63 next
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sgmystique
Member |
10-Dec-2021 16:26
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The sentiments on all glove manufacturers will be extremely downbeat after the disappointing results from Top Glove. It is quiet likely that Riverstone will also see new lows in the coming weeks. Just wondering what would be the indicators one can use to determine if the price has more or less bottomed out. Inputs from experienced investors are most welcome...      |
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Sgvale
Supreme |
10-Dec-2021 16:21
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0.56 next
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Sgvale
Supreme |
10-Dec-2021 15:43
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Below 0.60 likely | ||||
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vix787
Member |
10-Dec-2021 15:40
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High volume left right trading now I assume. Maybe can hold
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easywin
Supreme |
10-Dec-2021 15:37
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Struggling at 0.600 can survive or not with EPF keeps selling?
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vix787
Member |
10-Dec-2021 15:32
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Incl me.... 😅
What to do, market don't make sense sometimes. I think RS now can annouce a profit guidance if cleanroom glove asp still stable around 100usd. Give the investors n traders a good picture to segregate RS from other glove stocks.
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easywin
Supreme |
10-Dec-2021 15:27
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Many investors kena big stone | ||||
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vix787
Member |
10-Dec-2021 15:08
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Something to add. Someone mentioned cleanroom gloves will suffer the same fate as healthcare glove eventually but the fact is?
Small manufacturers smell blood, the rapid drop in healthcare gloves asp says that but why cleanroom gloves asp still stay high eventhough people knows the profit margin is high? The entry level is higher and not everyone have the capacity to do it. Not any small time manufacturer at least. So the situation I see is that even if the asp dropping, the demand still there. Current big manufacturers still earn supplying the demand while small manufacturers suffer. RS at the other hand focus on cleanroom product taking market shares.
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vix787
Member |
10-Dec-2021 14:57
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Fundamentally, RS look stronger than rest of the glove stocks simply looking at Top Glove latest earning result. Apparently RS cleanroom glove profit margin much higher than healthcare glove.
TG revenue around 1.6bil but profit 202mil. RS revenue 652mil but profit 350mil. And the portion of cleanroom glove contribute to the revenue percentage lower only 20-30% I believe. Exact percentage someone maybe have clearer idea. The outlook of RS business much optimistic than other glove stocks due to it expansion focus mostly on cleanroom segment. Shortage of chip contribute to the high asp of cleanroom product and the situation not easing soon. But sad to say fundamental lose to manipulation. RS been drag down by overall sentiment and traders. Left right selling, shorting..... Never ending.
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Taigong_Jiang
Member |
10-Dec-2021 14:26
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https://youtu.be/E2TQTYpAYuc | ||||
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Oxtail
Member |
10-Dec-2021 08:24
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I don' t know.  You have to make alot of assumptions and estimations.  You can refer to actual professional analysis and their target price from DBS , UOB and blah.  ![]() Base on the chart, I think riverstone is oversold. That is why it is frustrating when market move against logic.   
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sweet639
Veteran |
09-Dec-2021 21:54
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Hi RS member, could you cut it short and let me know, as your calculation, how much  is the actual price that Riverstone worth to invest? thanks
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Oxtail
Member |
09-Dec-2021 21:45
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Riverstone is of an interest to me. Not owning the share yet. I still think that it is on a downtrend.  For those who own the share, hope my calculation helps   |
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