| Latest Forum Topics / Riverstone Last:0.855 -- |
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RIVERSTONE HOLDINGS LIMITED
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humblestudent666
Senior |
19-Nov-2020 16:06
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1 more hr to go.. Can we finish the week and hold 1.2 | ||||
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danger
Supreme |
19-Nov-2020 16:03
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GOING DOWN FOR SURE | ||||
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Bongbong
Master |
19-Nov-2020 15:45
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Notice how the efficacy part was not assessed. It' s just a rush between vaccine makers now to release news
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Flyingtask
Supreme |
19-Nov-2020 15:29
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Hi, this news is reductant.
Lol, already mentioned that gloves and vaccine come together.
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danger
Supreme |
19-Nov-2020 15:06
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Oxford Covid vaccine trials indicate it is safe, produces similar immune response among all adults |
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zandlery
Supreme |
19-Nov-2020 14:59
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Just let the vaccine news effect die down...... | ||||
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Flyingtask
Supreme |
19-Nov-2020 14:57
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Thank you for sharing. It is also what i had mentioned yesterday. Gloves and vaccines come together. Market seems overlook this.
Nobody will vaccinate if there is no gloves.
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look@bright
Elite |
19-Nov-2020 14:50
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Covid-19: RHB says vaccine deployment could generate demand for up to 18 billion pieces of gloves a yearhttps://www.theedgemarkets.com/article/covid19-rhb-says-vaccine-deployment-could-generate-demand-18-billion-pieces-gloves-year |
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humblestudent666
Senior |
19-Nov-2020 14:28
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today never hit 1.2 already can count as blessing this one i just keep for next 10 years and wait for next crisis liao very lucky i sold off all day 1 after split and put into EV in USA if not now depressed. |
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tt1010880
Senior |
19-Nov-2020 14:19
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Old news back before Vaccine shows up........
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yamseng
Supreme |
19-Nov-2020 14:07
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hope it can break 134 and stay above 140 Huat ah |
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Longtermer
Elite |
19-Nov-2020 13:58
Yells: "A disciplined investor is a wealthy investor" |
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RS was battered down over the last 1 to 2 weeks. UOBKH gave a TP of $2.99 after results announcement (see report below). Current price is undemanding and decided to do some nibbling. Dyodd. --------------------------------------------- Riverstone Holdings (RSTON SP) 3Q20: Robust Results Expect A Strong Finish For 2020 Riverstone reported exceptionally strong 3Q20 results with revenue and net profit surging on higher ASP and overwhelming demand. 9M20 revenue and net profit formed 60% and 62% of our full-year forecasts respectively. The second wave of infection has sent ASP higher as demand continues to outpace supply. Cleanroom gloves ASP benefitted from a lack of supply. Phase 6 capacity expansion is almost completed. Maintain BUY and PE-based target price of S$2.99 (ex-bonus issue). 3Q20 RESULTS Year to 31 Dec (RMm) 3Q20 3Q19 yoy% chg 9M20 9M19 yoy% chg Revenue 482.3 251.3 92.0 1,109.0 731.5 51.6 Gross Profit 251.6 51.4 389.6 449.3 146.3 207.2 Profit Before Tax 232.4 41.8 456.6 407.6 115.9 251.7 Net Profit 178.6 35.6 401.6 316.1 98.3 221.5 Source: Riverstone, Bloomberg, UOB Kay Hian RESULTS &bull Robust results in line as COVID-19 pandemic rages on. Riverstone Holdings (Riverstone) reported robust 3Q20 revenue and net profit on higher ASP and overwhelming demand. 3Q20 revenue and net profit soared 92.0% yoy and 401.6% yoy 9M20 formed 59.8% and 62.1% of our 2020 forecasts respectively. 9M20 gross profit rose 390% yoy as ASP has risen sharply due to overwhelming demand, and formed 65% of our full-year forecast. Despite an increase in raw material costs in 3Q20, 3Q20 gross margin grew 14.6ppt qoq. We expect Riverstone to end the year with a bang as ASPs of its healthcare and cleanroom gloves continue to rise in Nov 20. &bull Second wave of infection sent ASP higher. Due to the resurgence of COVID-19 in several countries, Riverstone is seeing strong demand for its healthcare gloves. Its orderbook has stretched to 1H21 even with soaring ASP. Riverstone is unable to fulfil any new spot orders until 1H21 as capacity is almost fully utilised. ASP has been on the uptrend, with an upcoming Nov 20 hike expected to increase blended ASP to above US$70/&rsquo 000pcs. Although prices of raw materials have increased by 25% from Sep 20 to Nov 20, management expects ASP to increase 30-35% qoq in 4Q20, negating any significant impact on its bottom-line. |
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mchua71
Senior |
19-Nov-2020 13:55
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Already cut loss at 1.5x when many asking me to hold. Have moved to other counter since. Glad I did. Also cut loss for AEM and Wilmar, somehow all thses I vested previously same fate. Analyst highly recommend with high price targets but under perform. Very disappointed with Analyst recommendation. Do own analysis from now.
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Flyingtask
Supreme |
19-Nov-2020 13:45
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Sti is quite red today | ||||
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Hector
Veteran |
19-Nov-2020 13:35
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disappointing with RS | ||||
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SGPhantom
Master |
19-Nov-2020 13:33
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Auto sell at 1.31. Be careful. | ||||
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Flyingtask
Supreme |
19-Nov-2020 13:30
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A quarter of a million people have died in the US from Covid-19
PUBLISHED4 HOURS AGO https://www.straitstimes.com/world/united-states/a-quarter-of-a-million-people-have-died-in-the-us-from-covid-19 (( very sad news. At first, US is not fully PPE . Now, the damage is so huge.)) |
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not_me
Member |
19-Nov-2020 13:29
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Anyone using SC to trade for this stock? Any idea when is the bonus shares coming in? | ||||
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BullAllTheWay
Veteran |
19-Nov-2020 13:22
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Correct me if i am wrong. Mask is considered as ppe as well? So.... we are coming to end of the world?!
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Flyingtask
Supreme |
19-Nov-2020 12:58
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I understood. Lol
Nobody?s likes to wear PPE la. Especially , it is so hot in Singapore. It is just situation driven until it should get better. However, not so soon based on various expert comment. On top of this, RS is not only focus on healthcare only. I am not sure if u familiar with semiconductor.
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