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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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alleyboy
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31-Jul-2020 21:09
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Actually UG cheong faster than RS. I suppose former easier to get raw material easier and cheaper cos fm Msia.
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alleyboy
Veteran |
31-Jul-2020 21:05
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Hope can cheong like TG.
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stlimst
Master |
31-Jul-2020 17:26
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Yes, the price of Riverstone can only be trending up from now till the Q2 results are out - likely to be next week or latest by week of 10 Aug (10 Aug is a holiday). The current price target price by DBS and CIMB is $3.90. CIMB just upgraded UG price target to $3. I am not surprise that the target price for Riverstone is $4 plus. Based on the price performance of glove manufacturers in Malaysia after their 2Q results are reported, Riverstone could swing 20% more than the current price of $3.76. So there you have it : $4.50 - MTP (My Target Price or Minimum Target Price). Just my opinion OK. Have a super good long weekend!
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cookiemonster
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31-Jul-2020 17:01
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Next week price rise for Riverstone is a no-brainer, can say it' s definite If Monday price below 3.80 I' m planning to scoop up more to ride the wave! :) |
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SQueeze
Master |
31-Jul-2020 16:20
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Of course. The $3.90 TP was outdated already. Need to catch up with TP ugrades like UG. Actually a bit fishy hor the UG TP upgrades always followed by min 25% bullrun. Monday they might run 20% again minimum. LOL.
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johnyap89
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31-Jul-2020 15:16
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i believe rs is more than $4 easily. | ||||
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yamseng
Supreme |
31-Jul-2020 14:03
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https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13646-riverstone-orderbook-full-target-price-raised-to-3-90 All gloved up and ready to go! Strong demand + tight supply = Higher ASP and margins. The number of COVID-19 cases has escalated in recent weeks.
Average selling price (ASP) and margins sky-rocketed to new territory amidst this pandemic outbreak. |
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3dw1nchu4
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30-Jul-2020 18:08
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UG was fast cuz got analyst TP of $2.70 (was $1.80 that morning). Once reach $2.50, also not much oil le. Closed flat today, looks like. Same as RS lor. Also lost a bit of steam after reaching within ~20cts of TP ($3.90). All holding on with a small buffer in case company did not perform up to expectations.
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RyanAB
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30-Jul-2020 17:40
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The nurses in the hospitals also changed gloves after each patient, that is their normal practice. Ageing population, heighten awareness of hygiene level, dont be surprise that household will ask their domestic helpers to wear gloves too to attend to their elderly parents :).....image that happening. wow.....:)
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alleyboy
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30-Jul-2020 17:32
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This stock cheong slower than UG. | ||||
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yamseng
Supreme |
30-Jul-2020 17:26
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RG is waiting for the 5-days moving average to move with the price rise... next Tuesday will be happening |
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hokpin
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30-Jul-2020 17:23
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River danced pretty well today. Stable and Steady! | ||||
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yamseng
Supreme |
30-Jul-2020 16:02
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Tg drop to 835 but RG still strong... i think fund managers prefer to accumulate RG |
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Sgvale
Supreme |
30-Jul-2020 16:01
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CHIONH AH !!! | ||||
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cookiemonster
Member |
30-Jul-2020 15:58
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haha no need 3.8 today, we can leave it for next week Today close green good enough :) |
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yamseng
Supreme |
30-Jul-2020 11:21
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near day high .. chances will close above 380 |
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cookiemonster
Member |
30-Jul-2020 11:08
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Riverstone really steady like a rock Good job buddy! |
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yamseng
Supreme |
30-Jul-2020 10:53
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blue chips and index have fallen and yet RS is still holding, what next? |
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yamseng
Supreme |
30-Jul-2020 10:40
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if Fund managers are selling blue chips, they can' t just hold cash they need to buy others stocks which are high performers or high yield stocks, just for window dressing and to cover their backside. |
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Sgvale
Supreme |
30-Jul-2020 10:34
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Top Glove as well. Very stable
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