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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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Checkerman
Master |
15-Dec-2020 08:08
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Good opp to short till 31 Dec
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ffff152100ffff
Master |
15-Dec-2020 06:25
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Should be, start to drop abit by abit
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Bigdaddy
Veteran |
15-Dec-2020 05:05
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Medical and covid play will take a break for now  | ||||
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investor999
Elite |
15-Dec-2020 01:06
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Yes he bought 100000 shares.
So while traders play monkeys, BB are quietly buying
Of course I bought too.
What falling knife?
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NT1825
Master |
15-Dec-2020 00:44
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Bro, when you say scam - do you mean there has been unknown practices inside? Can you help to explain further?
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shyeo1223
Master |
15-Dec-2020 00:01
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This one definitely scam stock.  That is why the bonus shares had to take so long to credit into the CDP account, to allow those axxholes to clear their holdings first. | ||||
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HERBERTALCA
Member |
14-Dec-2020 23:35
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May I know how do you know?
Any evidence that you can justify your claim?
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humblestudent666
Senior |
14-Dec-2020 23:33
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Again, you guys are getting it wrong. Markets were pricing in years of covid and high demand. Now they're pricing in an after covid world, where gloves demand will absolutely plummet. How many clean room gloves are needed? Definitely not so much that it justifies the current price | ||||
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ffff152100ffff
Master |
14-Dec-2020 23:32
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Will Japan use there own factory manufacture gloves? Later be Stone king
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highlander
Senior |
14-Dec-2020 22:37
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Understand that besides Showa, RS also has strong partnership with few other Japanese key distributors for medical and cleanroom gloves. Japan market typically commands premium price.
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vicloo
Supreme |
14-Dec-2020 21:31
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yes, another important lesson learned is never catch a falling knife... catching raising stocks risk is a lot lower than buying it when you dont know where is the bottom...
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Alson18
Senior |
14-Dec-2020 19:59
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Done forget. RIVERSTONE strategic alliance with Showa gloves in japan More good reasons not to sell! Hope to add more!
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highlander
Senior |
14-Dec-2020 19:42
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Yes, those who have been following RS will know that it is a prudent and very well managed company.  With semiconductor industry coming back strongly, their leadership in cleanroom glove business will see them bounce back timely.
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Eatall
Veteran |
14-Dec-2020 19:41
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Brudder, u din mentioned oso a few jokers here?
Cheers
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TradeExpert
Veteran |
14-Dec-2020 19:39
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Exactly and obviously. Anyone who follow JPM will be blindly fooled and fallen into their strategy trap. When the counter heads up north, those who offloaded at preliminary stage, are likely to find a wound with salt realising that they should hold instead of offloading. lolxx. This counter is for to long.  If drop by depression by some funds, it' s time to buy in to average down and wait for rocket. When the funds are done with whatever they want, they will have to buy in double to cover position and wait for rocket up. 
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Alson18
Senior |
14-Dec-2020 19:37
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Latest news... japan facing shortages for medical gloves!   |
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TA_Expert
Supreme |
14-Dec-2020 19:21
Yells: "The World has changed" |
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RS is a good company to invest in but not above $2 because it is dependent on pandemic which will never last forever. Last month, many people shouting $4 or higher which are not based on long term projection of business growth. After the pandemic, it will go back to the normal growth path. |
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TA_Expert
Supreme |
14-Dec-2020 19:18
Yells: "The World has changed" |
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That will be great!
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Checkerman
Master |
14-Dec-2020 19:09
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This week shall see $1
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highlander
Senior |
14-Dec-2020 18:59
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Why JP Morgan downgrades Top Glove? Koon Yew YinAuthor:  Koon Yew Yin  On 12 December JP Morgan downgraded Top Glove share price to Rm 3.50, nearly 50% of its current market price of Rm 6.90. Top Glove just reported EPS 29.64 for its quarter ending November. Its previous quarter EPS was 5.32 sen, an increase of 5.7 time. Comparing to its corresponding quarter last year, it has gained 20 times. JP Morgan also downgraded Hartalega. JP Morgan did not downgrade Supermax and other glove stocks because it did not own them. Supermax reported 30.58 EPS for quarter ending September. Its EPS for its previous quarter was 15.19 sen. Based on Top Glove&rsquo s performance, Supermax&rsquo s profit for next quarter ending December should be another record profit which will be announced in Mid-January, about 1 month from now.  The table below shows that Top Glove is JP Morgan&rsquo s largest holding. Its 4th  largest holding is Hartalega. Why should it downgrade Top Glove and Hartalega? Obviously, JP Morgan wants to depress their share prices so that it can buy them at cheaper prices. Due to Covid 19 pandemic the demand for medical gloves far exceeds supply and all the glove makers can easily increase their selling prices to make more and more profit. That is why Top Glove can report such an unprecedented profit. Until the pandemic is completely under control, the demand for medical gloves will continue to exceeds supply and all the glove makers will continue to increase their selling prices to make more and more profit. This JPM article is a very poorly reasoned one. It is obvious that it is another shameful attempt to spook glove investors into selling and thereby creating buying opportunity for the fund managers in JPM.     
  As a serious glove stock investor, I need to debunk some of JP Morgan&rsquo s reasons for downgrading Top Glove and Hartalega. 1 JP Morgan: the price charts for all the glove stocks started to trend downwards from their peaks since September. Therefore, glove prices have peaked. Rebuttal: Top Glove just reported EPS 29.64 for its quarter ending November. Its previous quarter EPS was 5.32 sen, an increase of 5.7 time. Comparing to its corresponding quarter last year, it has gained 20 times. 2    JPM: Glove production capacity is expected to grow 87% in the next three- to five years Rebuttal: JPM claims that an 87% growth in production capacity (if true) over 5 years will lead to over-supply.  But 87% growth over 5 years is only 13.3% per year compounded.  Top Glove&rsquo s CAGR for the last 5 years was 23.6% and the 4 years before the Covid pandemic was 13.5%. 3  JMP: Additionally, glove makers' profitability is expected to be negatively affected by higher raw  material prices and rising labour costs. Rebuttal: Raw material and labour cost increases is a fact of life and applies to almost all manufacturing industries.  And as cost increases applies to all competing companies, the increased costs are usually passed on to the consumer.  This will not affect profitability.  By bringing up the cost issue, which is a non-issue, JPM is clearly trying to stretch its argument to justify paring the fair value of Top Glove&rsquo s share price to RM3.50.   4 JPM: Retail and foreign participation are at all-time highs. It is thus difficult to find incremental dollars to drive this sector higher Rebuttal: There is no sense to this statement.  Investors come and go buy and sell.  Money will always chase profitable growth stocks when negative sentiments are proven wrong. 5 JPM: Top Glove is using cash to support capacity growth instead of debt Rebuttal: Yes ROE will be higher with use of debt but ROE is already very high anyway. And prudence in using surplus cash is not necessarily bad.       |
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