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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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Sgvale
Supreme |
11-Aug-2020 09:07
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Malaysia Gloves will retrace before resume uptrend again
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Djsoul80
Master |
11-Aug-2020 00:48
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Yes $6 per share Riverstone the precious glory one! 😊
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coldastone17
Member |
10-Aug-2020 22:37
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UOB has increased Riverstone price to $6 | ||||
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investlin78
Senior |
10-Aug-2020 22:35
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Likely to gap up. Just to to quote, ?AEM gapped up about 15% (from 3.66 to 4.19) the next trading day after the release of spectacular 2Q financial result a day before after market closed?. Shall see tomorrow... | ||||
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hokpin
Supreme |
10-Aug-2020 20:38
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That is purely because the result is only out after trading closed today.
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Superfast
Supreme |
10-Aug-2020 20:21
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TMR. We shld know....
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cucina
Master |
10-Aug-2020 20:06
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And it dropped 7.5% tdy.   Wonder if it' s all priced in.  
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2Fast2Furious
Member |
10-Aug-2020 00:28
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The other positive surprise is RIVERSTONE increased their Clean Room gloves prices by another 10%, which is very significant. You might all think it is just 10% in USD terms but in absolute terms, it is >USD6.50/1000 nitrile clean room gloves. Just back in Jan/Feb, normal healthcare gloves were selling for just USD20/1000 pcs. RIVERSTONE product mix is 100% NITRILE for both it's clean room gloves & it's healthcare gloves. They arguably make the best quality NITRILE gloves in the industry (and I won't go into details on how I know they are better than the rest). And NITRILE gloves now command the best ASPs, much higher than Natural Rubber (NR). All the other players have a significant % of NR GLOVES with the exception of HARTALEGA which, like RIVERSTONE, is 100% NITRILE.
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2Fast2Furious
Member |
10-Aug-2020 00:14
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RIVERSTONE'S ASPs were first raised in May/June, but only from July did they raise ASPs sharply. ASPs rose again in Aug and will be up again in Sept. Riverstone indicated that demand is infact getting stronger. There is a strong likelihood that ASPs will keep rising all the way till Dec, as we move into the winter flu season. A target price of $6.00 is a distinct possibility by Sept this year (not 2021 ... haha).
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yamseng
Supreme |
09-Aug-2020 00:13
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very soon, all the fund managers will include RG into their portfolios next year, it may include it into our STI index component stocks    |
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Weiwulah
Member |
08-Aug-2020 16:55
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UOBKH said RS only started the ASP hike in June??? Wow... they haven't even full blast their power lol... huat la!
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spec008
Veteran |
08-Aug-2020 16:13
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outstanding counter.... |
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bxylqwan
Master |
08-Aug-2020 15:28
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The reality is that Covid is here to stay. RS will eventually catch up to TG' s current price.  | ||||
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hokpin
Supreme |
08-Aug-2020 15:18
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From UOB. Target Price SGD 6.0
Expansion of Phase 6 started production from July, more lines to be added from Aug till Dec 2020. Phase 7 expansion is track to join in production from Apr 2021. Very promising future outlook. This kind of stock worth more investment. Worth of loading more month by month. Huat Ah. https://research.sginvestors.io/2020/08/riverstone-holdings-uob-kay-hian-research-2020-08-07.html?m=1 |
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Atom99
Master |
07-Aug-2020 21:45
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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https://research.sginvestors.io/2020/08/riverstone-holdings-cgs-cimb-research-2020-08-05.html
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SQueeze
Master |
07-Aug-2020 17:51
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Well said. Thank you 
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stlimst
Master |
07-Aug-2020 17:47
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Riverstone has been moving up almost non stop since last Monday (27 Jul) only pausing on 4 Aug. Much as I would like to see this price rise to continue, I don' t think it can go on and on like that. Perhaps a pause is healthy for consolidation purposes. Thanks to the latest analyses, new target prices are set and this kinda support the price movement today. Let' s look forward to next week ...no sweat for long term investors but traders be cautious. Good weekend and also HAPPY NATIONAL DAY!!
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Atom99
Master |
07-Aug-2020 17:46
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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From UOB.. RiverstoneRiverstone Holdings (RSTON SP) - 1H20: Expect a much stronger 2H20 raise target price by 67% to S$6.00. (RSTON SP/BUY/S$4.53/Target: S$6.00) 1H20 net profit grew 119% yoy due to higher ASPs and robust glove demand, meeting 33% of our 2020 forecasts. We understand that the profit for Jun 20 was much higher than that of Mar and Apr 20 as the aggressive ASP hikes only started in Jun 20... (RSTON SP/BUY/S$4.53/Target: S$6.00) 1H20 net profit grew 119% yoy due to higher ASPs and robust glove demand, meeting 33% of our 2020 forecasts. We understand that the profit for Jun 20 was much higher than that of Mar and Apr 20 as the aggressive ASP hikes only started in Jun 20...
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2020st
Member |
07-Aug-2020 17:01
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i dont know too.. thats why i am so indecisive, got any expert know the technical anaylst? I know if today close at 4.71, it is not a big green stick...
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TradeExpert
Veteran |
07-Aug-2020 16:53
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Looks like a number are taking profits. Retract back to around 4.68. Next Tue continue to uptrend? | ||||
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