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Latest Forum Topics / Riverstone    Last:0.87    -0.015  Post Reply
Blackhorse
Luzern
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19-Oct-2021 11:41     
 
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 Alert Admin 		and this

Luzern      ( Date: 27-Sep-2021 14:57) Posted:

If your are a smart Malaysian Businessman and knowing the pattern of your government, how would you react to this piece of hint, hint news?   

What are the most likely reaction and least likely reaction?    wink

Luzern      ( Date: 23-Sep-2021 11:20) Posted:

Govt mulls capital gains tax on shares, one-off higher tax rate for businesses with windfall profits

/
September 22, 2021 17:34 pm +08
 


https://www.theedgemarkets.com/article/govt-mulls-capital-gains-tax-share-trading-oneoff-higher-tax-rate-businesses-windfall





 


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Luzern
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19-Oct-2021 11:40     
 
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Luzern      ( Date: 27-Sep-2021 11:47) Posted:

Based on Yahoo data and SGX data and adjusted for MYR vr SGD exchange rate of 0.32, 

Cash & cash equivalent per share is about S$0.29
NAV is about S$0.45

beng1102      ( Date: 27-Sep-2021 11:40) Posted:

Can u screen dump from yahoo.  I saw on the right screen and it said SGD.  Even if Yahoo is inaccuate, on MYR term the balance is still very strong and cash and liquid asset is very hign
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Luzern
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19-Oct-2021 11:39     
 
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 Alert Admin 		For newbies who are considering investing in this counter, think about this........(see Below).

Luzern      ( Date: 22-Sep-2021 13:45) Posted:

Hartalega, Top Glove, Suppermax.....these big 3 all produce cleanroom gloves as well.

msksmsks      ( Date: 22-Sep-2021 13:28) Posted:

Thanks very much for yr insights but i' ve different views.

I' ve done my analysis and based on current pricing which i find it attractive, thus it' s alright for me to invest till i see further changes in fundamentals.

I like the fact RS is differentiated fm other glove players as it seems too many and there wl be cross over of supply.....which resulted scenario that u hv described.

Fm their financial rpt, also mentioned they are still expanding fm end year till FY23 .  Apparently, other glove makers aren' t..  Why...

The semicon are ramping up their 5G capacity thus this wl be very good for RS as they' ve been in this sector for more than 2 decades and not easily being challenged by any new entrants with it' s stringent product reqmts.......not mentioned the health awareness too wl be sustainable demand

Collectively, i wl stay invested till i see something not right. 

Cheers 
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wavehunter
Supreme
19-Oct-2021 01:08     
 
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Yells: "Trade what you see, not what you hope to see."
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 Alert Admin 		Bro investor,

No, I am not bias.
I will be suffering from confirmation bias if the price keeps rising and making higher highs and higher lows but I ignore this and
continues to shout she is weak, she is hopeless, she is a gone-case, and call on people to dump her and SHORT her. Only if
I do that then I am guilty of confirmation bias myself. But I didnt do that.
We start with fundamentals. Fundamentally, in terms of earnings and potential earnings, she is good.
But experience has taught me that good fundamentals alone is not enough.
For a stock to rise, you need participation and support from funds, institutions and high net worth retail investors like General
Superluckycorn and the likes. Just place a good blue chip and RS side by side. Both have good fundamentals. But why is it that
RS is not able to  rise whereas the good blue chip can. Becoz the good blue chip has the support and participation of funds,
institutions and high net worth retail investors. There is no denial that for a stock to rise, hot money must flow into that stock. For
RS, we saw hot money flowing into her last year when a monkey came, exploited the COVID-19 hype and targeted RS for PUMP
& DUMP. But after the monkey left, did hot money flow into her again ? No, it didnt. And so down came the baby, cradle and all.

So, good fundamentals by itself is not good enough if there is no participation from Tua Phows. Another way for hot money to flow
into RS is if a monkey comes back to play. But also dont have. So for me, if no participation from Tua Phows and also no monkey
in the driver' s seat and the only people doing the buying are retail players, then this stock is not going anywhere. The chart and the
price action both confirm this view. If this view is wrong, if in fact it is not necessary to have a monkey in the driver' s seat for a stock
to rise and it is also not necessary for participation from Tua Phows for a stock to rise and if buying by retail players only is enough
for a stock to blast off to the Moon, then show me. Let me see it. Show me that the stock price of RS has been rising and rising and
her highs have been getting higher. If I see this, then yes, I can  accept that my view that monkey presence or participation from Tua
Phows as a pre-condition for a stock to rise is wrong. But is it?

This view does not apply to only RS. It applies to all stocks. All the good blue chips in STI are doing well and are well supported becoz
they have the support and participation of Tua Phows. Those pennys and micro-pennys which are seeing action and rising is becoz
there is a monkey in the driver' s seat. What is left are all the other stocks which have neither a monkey in the driver' s seat nor 
participation from Tua Phows. The only people doing the buying are retail players. How are they doing ? Most of them are dead
and illiquid. 

I look at a chart to see what the stock has been doing. And very obviously, the price action does not commensurate with the FA.
There is a divergence between the FA and the direction and long term trend of the stockprice. Probably becoz the good FA is
only short term. Once demand for gloves return to normal or supply of gloves catch up with demand resulting in rapidly falling
prices, the FA of RS will not look as attractive anymore. When Tua Phows park money in a stock, it is for the long haul, not
for short term play. Tua Phows look for price stability, potential for capital appreciation and dividend payout. And RS just dont
make the cut. That' s why you dont see Tua Phows parking their hot money in RS the same way they will park their money in
the banks, the better REITs and other good blue chips.

Since the only buyers in RS are retail players, there is only so much she can bounce. And when the bounce ends, people will
come out to sell again to seize the opportunity to cut higher. You said it yourself you are supporting the price only but you are
not pushing it up. You are hoping that other buyers will come in to do the pushing up for you. So that you can exit. As such,
only those who are trapped lower and within striking distance from the next bounce (if any) will stand a chance to get out.
Those who are trapped higher dont stand a chance. If it is just retail buyers doing the buying, the price wont be able to 
reach those who are higher. Their next best option is to cut at best when the bounce ends. That is, if they have decided
to get out at best and are looking for an exit plan. Those who want to dig in and wait for as long as it takes, I wish them
all the best. 

investor999      ( Date: 18-Oct-2021 23:38) Posted:

Wavehunter bro: You have a bias too. You look at the past of the chart to see its future. So it is self fulfilling as the highs are lower than the previous high. I look at the bottom and see the bottom is firm. Unless you can tell me the lows are lower than the previous lows. So if you are not biased and be forward looking, you should see the chart is rising

wavehunter      ( Date: 18-Oct-2021 22:37) Posted:

A classic example of confirmation bias and its effect on the person suffering from such a bias.   
The correct thing to do is to challenge my claim about the stock price and say its not true the High in 2021 is lower than the 
High in 2020 and then show proof that the High in 2021 is higher than the High of 2020 and that the 2021 Low is higher than
the 2020 Low. But ofcoz you cant do that becoz it is true the 2021 High is lower than the 2020 High and the 2021 Low is lower
than the 2020 Low. So instead of facing this hard truth and being objective with this data, confirmation bias makes you ignore
this fact as you have no objective basis to explain it away and yet still come to the concluson based on analysis and sound
reasoning to make out a case that Riverstone is a stronger stock in 2021 than in 2020. Becoz the reality is.... that is not true.
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investor999
Elite
18-Oct-2021 23:47     
 
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 Alert Admin 		Exactly 1 year ago, Top glove peaked and continued to be high in October 2020 until it plunged in Nov 2020. Why I am so confident is because the root problem lies in Top glove. And I see Top glove reversing and making highs in Nov 2021. You still have 2 weeks to collect glove stocks
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investor999
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18-Oct-2021 23:42     
 
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 Alert Admin 		Tik tak bro divided the charts into two parts. I think he had placed the line too early. The division line should be somewhere at 0.88
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investor999
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18-Oct-2021 23:38     
 
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 Alert Admin 		Wavehunter bro: You have a bias too. You look at the past of the chart to see its future. So it is self fulfilling as the highs are lower than the previous high. I look at the bottom and see the bottom is firm. Unless you can tell me the lows are lower than the previous lows. So if you are not biased and be forward looking, you should see the chart is rising

wavehunter      ( Date: 18-Oct-2021 22:37) Posted:

A classic example of confirmation bias and its effect on the person suffering from such a bias.   
The correct thing to do is to challenge my claim about the stock price and say its not true the High in 2021 is lower than the 
High in 2020 and then show proof that the High in 2021 is higher than the High of 2020 and that the 2021 Low is higher than
the 2020 Low. But ofcoz you cant do that becoz it is true the 2021 High is lower than the 2020 High and the 2021 Low is lower
than the 2020 Low. So instead of facing this hard truth and being objective with this data, confirmation bias makes you ignore
this fact as you have no objective basis to explain it away and yet still come to the concluson based on analysis and sound
reasoning to make out a case that Riverstone is a stronger stock in 2021 than in 2020. Becoz the reality is.... that is not true.
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wavehunter
Supreme
18-Oct-2021 22:37     
 
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Yells: "Trade what you see, not what you hope to see."
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 Alert Admin 		A classic example of confirmation bias and its effect on the person suffering from such a bias.   
The correct thing to do is to challenge my claim about the stock price and say its not true the High in 2021 is lower than the 
High in 2020 and then show proof that the High in 2021 is higher than the High of 2020 and that the 2021 Low is higher than
the 2020 Low. But ofcoz you cant do that becoz it is true the 2021 High is lower than the 2020 High and the 2021 Low is lower
than the 2020 Low. So instead of facing this hard truth and being objective with this data, confirmation bias makes you ignore
this fact as you have no objective basis to explain it away and yet still come to the concluson based on analysis and sound
reasoning to make out a case that Riverstone is a stronger stock in 2021 than in 2020. Becoz the reality is.... that is not true.
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msksmsks
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18-Oct-2021 22:11     
 
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 Alert Admin 		Cut the grandma story ....

Leopard wl never change it's spots

A guniang wl always be guniang..

I rest my case with u. Further comments fm u wl be oblivious to me



wavehunter      ( Date: 18-Oct-2021 21:49) Posted:

A confirmation bias is a type of cognitive bias that involves favoring information that confirms one' s existing views, beliefs or biases.
Confirmation bias results in a tendency to process information by looking for, or interpreting, information that is consistent with one' s
existing beliefs. This biased approach to decision making is largely intentional and often results in ignoring information which negates
or counters one' s own views or beliefs.

Confirmation bias results in making people averse to engaging with information which challenges  or opposes  their views. The end result
is such a person is not open to considering any such averse information or data with an objective  and open  mind to ascertain the truth so
that he or she can arrive at a more balanced and informed decision. Confirmation bias happens  when people give more weight to data  that
confirms their beliefs and undervalue or even discard data that could disprove their beliefs.  People display this bias when they  gather or
recall information selectively, or when they interpret it in a biased way.  This bias can result  in poor decisions because  it distorts the reality
from which we draw information.

Under experimental conditions, decision-makers  have a  tendency to actively seek  information and assign greater value to data confirming
their existing beliefs  rather than entertaining new  ones.  This tendency to block out and ignore any information which threatens their pre-existing
beliefs is so strong that any decision reached  is  invariably coloured by the bias and is one which supports that pre-existing belief even though in
fact, that belief could be flawed and far  from the reality.

For more than a year now, many reports, write-ups, articles, analysts' stock calls etc have been posted in this thread which spoke of persistent
strong demand for gloves, strong order books, High ASPs, and record-breaking mega earnings time and time again. And these positive catalysts
were often cited as reasons why this stock should CHEONG to the Moon. But in reality, what happened to the stock price ? Riverstone saw mega
profits in 2021 and more super bullish newsflow in 2021 than in 2020. So her stockprice should be much, much higher in 2021 than in 2020, isn' t it?
But what in fact happened to the stock price ? This was what happened.



.



A person who does not suffer from confirmation bias will immediately see that all those bullish news, positive reports and mega earnings had no
positive impact on the price of this stock at all. And it has been like this for more than a year. Hence, to continue to make investment decisions
in this stock with that confirmation bias will put one' s capital at risk. Let those who have ears and wish to listen to views with an objective mind,
do so. And then arrive at your own decision on what you want to do about your stuck positions. All the best.
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wavehunter
Supreme
18-Oct-2021 21:49     
 
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Yells: "Trade what you see, not what you hope to see."
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 Alert Admin 		A confirmation bias is a type of cognitive bias that involves favoring information that confirms one' s existing views, beliefs or biases.
Confirmation bias results in a tendency to process information by looking for, or interpreting, information that is consistent with one' s
existing beliefs. This biased approach to decision making is largely intentional and often results in ignoring information which negates
or counters one' s own views or beliefs.

Confirmation bias results in making people averse to engaging with information which challenges  or opposes  their views. The end result
is such a person is not open to considering any such averse information or data with an objective  and open  mind to ascertain the truth so
that he or she can arrive at a more balanced and informed decision. Confirmation bias happens  when people give more weight to data  that
confirms their beliefs and undervalue or even discard data that could disprove their beliefs.  People display this bias when they  gather or
recall information selectively, or when they interpret it in a biased way.  This bias can result  in poor decisions because  it distorts the reality
from which we draw information.

Under experimental conditions, decision-makers  have a  tendency to actively seek  information and assign greater value to data confirming
their existing beliefs  rather than entertaining new  ones.  This tendency to block out and ignore any information which threatens their pre-existing
beliefs is so strong that any decision reached  is  invariably coloured by the bias and is one which supports that pre-existing belief even though in
fact, that belief could be flawed and far  from the reality.

For more than a year now, many reports, write-ups, articles, analysts' stock calls etc have been posted in this thread which spoke of persistent
strong demand for gloves, strong order books, High ASPs, and record-breaking mega earnings time and time again. And these positive catalysts
were often cited as reasons why this stock should CHEONG to the Moon. But in reality, what happened to the stock price ? Riverstone saw mega
profits in 2021 and more super bullish newsflow in 2021 than in 2020. So her stockprice should be much, much higher in 2021 than in 2020, isn' t it?
But what in fact happened to the stock price ? This was what happened.



.



A person who does not suffer from confirmation bias will immediately see that all those bullish news, positive reports and mega earnings had no
positive impact on the price of this stock at all. And it has been like this for more than a year. Hence, to continue to make investment decisions
in this stock with that confirmation bias will put one' s capital at risk. Let those who have ears and wish to listen to views with an objective mind,
do so. And then arrive at your own decision on what you want to do about your stuck positions. All the best.
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ksangks
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18-Oct-2021 20:29     
 
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 Alert Admin 		Old fox finally exposed his tail


tritonyeah6666      ( Date: 18-Oct-2021 20:12) Posted:

Ya. Initially sounded sincere & convincing. subsequently the persistency sold him out

msksmsks      ( Date: 18-Oct-2021 15:21) Posted:

Hi Folks,

Don get me wrong as if I'm challenging someone whom hv a different opinions as mine. That was not my intention.

I respect all forumers contributions be it bearish or bullish views as long as it's constructive and beneficial to all.

But keep talking down a stock relentlessly and proclaimed no vested interest really suspicious and unwarranted. .. Any matured and experienced person wl know tat.

Even I've vested interest , my contribution in postings pale comparison with bro wavetrader.

It's not about money , ego or pride. It's abt conviction that I had with RS. I put $$$ where my mouth speaks.

I see value in RS for current pricing after prolong decline as opposed destruction in value...

We wl know who's right or wrong

Only time wl tell

Cheers


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ksangks
Senior
18-Oct-2021 20:18     
 
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 Alert Admin 		71 % of the shares are in the top 4 shareholders hands. Free float quite little .

tritonyeah6666      ( Date: 18-Oct-2021 20:05) Posted:

Where got so many scripts... Haha

ksangks      ( Date: 18-Oct-2021 17:31) Posted:

The selling seems persistent non stop
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tritonyeah6666
Senior
18-Oct-2021 20:12     
 
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 Alert Admin 		Ya. Initially sounded sincere & convincing. subsequently the persistency sold him out

msksmsks      ( Date: 18-Oct-2021 15:21) Posted:

Hi Folks,

Don get me wrong as if I'm challenging someone whom hv a different opinions as mine. That was not my intention.

I respect all forumers contributions be it bearish or bullish views as long as it's constructive and beneficial to all.

But keep talking down a stock relentlessly and proclaimed no vested interest really suspicious and unwarranted. .. Any matured and experienced person wl know tat.

Even I've vested interest , my contribution in postings pale comparison with bro wavetrader.

It's not about money , ego or pride. It's abt conviction that I had with RS. I put $$$ where my mouth speaks.

I see value in RS for current pricing after prolong decline as opposed destruction in value...

We wl know who's right or wrong

Only time wl tell

Cheers

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tritonyeah6666
Senior
18-Oct-2021 20:05     
 
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 Alert Admin 		Where got so many scripts... Haha

ksangks      ( Date: 18-Oct-2021 17:31) Posted:

The selling seems persistent non stop

investor999      ( Date: 18-Oct-2021 17:28) Posted:

Of course still supporting


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Longtermer
Elite
18-Oct-2021 18:16     
 
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Yells: "A disciplined investor is a wealthy investor"
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 Alert Admin

Reasons for investment conviction.. check it out. Not just any monkey stories
Robust Growth for Gloves, with the Market to Reach $22.2 Billion Worldwide by 2026

https://finance.yahoo.com/news/analysis-global-industry-analysts-reveals-140200766.html
 
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ksangks
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18-Oct-2021 17:31     
 
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 Alert Admin 		The selling seems persistent non stop

investor999      ( Date: 18-Oct-2021 17:28) Posted:

Of course still supporting

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investor999
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18-Oct-2021 17:28     
 
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 Alert Admin 		Of course still supporting
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ksangks
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18-Oct-2021 17:26     
 
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 Alert Admin 		You give up supporting ?

investor999      ( Date: 18-Oct-2021 17:20) Posted:

How can I one person support the fall. Surely there are others who are buying up. Those very " ti kee" die hard better rethink their strategy

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investor999
Elite
18-Oct-2021 17:20     
 
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 Alert Admin 		How can I one person support the fall. Surely there are others who are buying up. Those very " ti kee" die hard better rethink their strategy
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tritonyeah6666
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18-Oct-2021 16:12     
 
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 Alert Admin 		Don't think so. His argument right from the start is Abt monkey business. The monkey has left & will never return. Nothing Abt ppl selling except him asking everyone to sell

investor999      ( Date: 18-Oct-2021 15:40) Posted:

Wavehunter bro probably sense there is continual selling. I will heed his advice and wait to see. Should be obvious soon
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