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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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hotelgrand
Master |
12-Nov-2020 11:47
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R.S hugh supply coming in on Nov 19...T.P big boss is buying amd Malaysian EPF also collecting..Sri.Tang plunge not so scary..from $1.50 to $1.19 now....avoid glove stocks now..maybe go nanofilm..I also shorted R.S on the day it went ex $1.95 to next day $1.75 and hve yet to cover beciz upside limited..downside unlimited unlimited
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mchua71
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12-Nov-2020 12:09
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Analyst see short term growth, long term decline. I' m still vested in the short term. but need to monitor and exit with little profit (if ever possible). If all only see long term surely price will go down. Hopefully investor still value short term growth.   |
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Hello08
Member |
12-Nov-2020 11:53
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Yup hope there will be some changes. But 19-20nov huge selldown might come again 
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SGPhantom
Master |
12-Nov-2020 11:50
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The " downgrade" to HOLD by DBS was done at 1.9x, coz their TP is at around 2.  So nothing wrong with that call. If you ask the same analyst today (1.4x), he / she will probably rate it as a BUY. But why would I wanna listen to an analyst who changes PE in the middle of the game, unless they know something even other houses don' t? Anyway, TP is just a TARGET, don' t read too much into it, especially when it comes to news-sensitive counters such as this. Sentiment rules, at least for now, and especially so when the vaccine roll-out possibility is getting nearer. The reason why it jumps multiple times during the beginning, is because of C19, and no vaccine in sight. It is only natural it gets abandoned if and when the vaccine rolls out, no matter how much PPEs and Gloves are still required. As for Cleanroom, it will just be pretty normal demand (or growth) pre / post C19. Will they still make money?  Of course, tonnes. But will it reach the TP is totally another story. So set your own exit point(s), and be happy with whatever you gain, hopefully.  No need to wait for TPs. I' ve made money and get burnt many times over. I cant give you sound technical advice, but I can share life lessons, and I continue to learn every single day too. Best of luck guys!
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1c2e3s
Veteran |
12-Nov-2020 11:47
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relax . at least you got next quarter
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Hello08
Member |
12-Nov-2020 11:40
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Finger crossed... seem like not right. | ||||
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Bongbong
Master |
12-Nov-2020 11:22
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Which goes back to my point, all along it' s known that going into 2022 things will normalise, DBS included.  if they alr know that why make a 27x call to begin with? Which is what I' m saying on changing the pe to suit agenda. riverstone trades maybe ard 13-15x PE last time. So u can even say 2 bucks by DBS now is fair since they used 13x. Price now is a good 30% below 
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Superfast
Supreme |
12-Nov-2020 11:21
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Some counterd recovering... Let see....
Gdluck |
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justin79
Senior |
12-Nov-2020 11:11
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Exactly bro. Its all about you say you shiok, I say i shiok. Those that chose to listen please go ahead. However I would prefer to take it with a pinch of salt.
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LeShramp
Member |
12-Nov-2020 11:08
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Bro, when analyst downgrades the P/E so drastically, it is a sign that the fundamental assumption has changed. P/E ratio, to put it simply, is the # of years that an investor can expect to breakeven. A high P/E ratio of 27x typically implies that a company could be on a sustainable high growth trajectory which on a forward basis, the P/E would be lowered substantially.  When analyst cuts P/E so drastically, it' s an indication that the previously assumed sustainable high growth trajectory is no longer valid and the market would and should buy in at a lower P/E.
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LeShramp
Member |
12-Nov-2020 11:02
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There' re fundamental differences in the business models between RS and YZJ. YZJ is in a highly cyclical business which the share price tends to go up in a recovering economy and decent oil price level. Ideally, the market should be trading at the mid range between highs and lows of cycles, but this is never the case because of short-term market players. Nevertheless, economy will recover, trade will resume and oil price will eventually normalize. Now on the other hand, RS is playing a very different game. It' s benefitting from near term windfall from COVID-19 and it is set to normalize (downwards) when situation normalizes and there' s no knowing when the next pandemic will strike which could be 20 years later (between SARS and COVID-19). Ideally, the market should be long-term when it comes to equity. 
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Bongbong
Master |
12-Nov-2020 10:57
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As I sharing yesterday, the DBS report actually upgraded the earnings, and the main thing they changed is the PE multiple from 27 to 13. So if u asked me nothing has changed except the houses playing with the multiple to suit their agenda. and hold was issued because the price was 1.9+ then.
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LeShramp
Member |
12-Nov-2020 10:47
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Given the tighter regulations in light of several high profile market manipulation cases, I don' t believe banks (particularly local banks) would risk a quick buck by buying into a counter shortly after downgrading TP. Local banks are very strict on not partaking as well as the possibility of being viewed to be partaking in market manipulation.
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xanado
Member |
12-Nov-2020 10:51
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will it rebound in afternoon ? | ||||
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Superfast
Supreme |
12-Nov-2020 10:51
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I see it as exchanging hands... Only...
Later, tell u..... We still need gloves for injections vaccine....lol
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justin79
Senior |
12-Nov-2020 10:48
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You see, we all now know that banks have downgraded this counter. But do we know if that they could be secretly buying in on a good bargain after the downgrade? Lolx. There is no rule or law that says they can' t buy in on a downgraded counter as far as I know.
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humblestudent666
Senior |
12-Nov-2020 10:47
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downgrades and upgrades from analysts are based on fundamentals, not sentiment. look at YZJ, another popular STI counter. analysts have been giving it 1.2-1.5 TP forever but still people are not biting.  these analysts you can take them with a pinch of salt. |
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Hector
Veteran |
12-Nov-2020 10:44
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Only DBS downgrades RS to " Hold" with TP of $2, but other analysts still remain position with TP of $2.5
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LeShramp
Member |
12-Nov-2020 10:41
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Banks are downgrading this counter. Finally some rationality. | ||||
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justin79
Senior |
12-Nov-2020 10:40
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I can see 1.47 and 1.48 collection in the process. | ||||
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