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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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stlimst
Master |
17-Jun-2020 21:09
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From a share price perspective, I much prefer gradual and sustained price rise over a long period rather than sudden spike. Of course if you are a trader - especially those on contra, fast-in-fast-out, chicken runner - than yes, price " cheong" would be ideal to capitalise on the volatility. From a TA perspective, thankfully it is showing a sustained upward moving average price. For those vested, you know that the reward (your price target)  is within sight. Cheers!
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stlimst
Master |
17-Jun-2020 20:59
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Yes, there is a high barrier for new entrants into this market. And there are already a few major players in this field and collectively they will be managing the demand-supply situation. At a macro level, if you are running one of these companies, would you sit back, relax and let the supply overtake the demand?? As I mentioned before, the plus point for Riverstone is their segment for Cleanroom - this one not easy to replicate. And they are the market leader for high quality nitrile gloves for Cleanroom and Pharma usage.  
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Timer78
Veteran |
17-Jun-2020 20:49
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Tmr river currents strong | ||||
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spec008
Veteran |
17-Jun-2020 20:41
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When this counter starts to run there is NO STOPPING it...👽 👽 👽 | ||||
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Wind22i
Supreme |
17-Jun-2020 20:18
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It is rocket science.. to produce a durable glove with the least material and low cost is not easy..
It involve testing, fine tuning production line and constant R&D
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bamboo300306
Veteran |
17-Jun-2020 20:13
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Making glove or PPE is not rocket science. Soon supply will catch up with demand. | ||||
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Timer78
Veteran |
17-Jun-2020 20:01
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Cannot cheong again meh? :) | ||||
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Justice888
Supreme |
17-Jun-2020 19:29
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The AGM is on 2 th June . That day the counter already chiong le
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Timer78
Veteran |
17-Jun-2020 19:28
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Pls go read agm questions and answers for RS. Its a super medical bull and tomorrow will see spike up for related counters. Huat to all vested! | ||||
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spec008
Veteran |
17-Jun-2020 18:51
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Look like the glove play has stopped waiting for next burst...vested in this baby💪 | ||||
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Greenpig
Senior |
17-Jun-2020 18:22
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It seems no much action . | ||||
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Wong80
Veteran |
17-Jun-2020 14:50
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Phase 2 or even 3 reopening, will even need more gloves than during circuit breaker period.  All countries slowly starts reopening, gloves and mask will require even more.  Even if there is vaccine when there is one, all countries will stock up due to lesson learnt.    So all this disposable gloves and mask still in great demand at least thru 2020 or 2021.  not saying if there are any 2nd wave or 3rd wave yet...
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stlimst
Master |
17-Jun-2020 13:47
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My take - the only thing that can affect the rising share price of Glove Manufacturers is the availability of a vaccine for COVID-19. This would reduce the number of people in the hospital - so less busy healthcare institutions, less need for gloves - but not no need for gloves! From the experts on vaccine developmen, the vaccine will not be available so soon. Even then, there is no guarantee that the vaccine will be available! The use of gloves will still  increase but it wouldn' t be so drastic like this period. For Riverstone, the good thing is that it has 2 streams of reveue - one from gloves for Cleanroom/Pharma and the other from healthcare.. In fact, 51% of revenue is from Cleanroom gloves. Still invested.   |
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stlimst
Master |
17-Jun-2020 08:59
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If you are invested in Riverstone, I am confident  that your realistic target price will be breached before Q2 reporting. My humble opinion, of course.
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JY0064
Senior |
17-Jun-2020 07:58
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CH3ONG to investors' TP
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hokpin
Supreme |
17-Jun-2020 07:26
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Will the River flow upstream today? | ||||
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aniki19
Member |
16-Jun-2020 09:53
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Most shares up after government announcement of Phase 2 :) What's the TP for today? Can hit 2.5? | ||||
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Secret_Squirrel
Elite |
16-Jun-2020 09:06
Yells: "Stay curious but skeptical" |
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Because of China second wave?
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turtletrader
Senior |
16-Jun-2020 09:00
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Today should be upday for Riverstone:) | ||||
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hokpin
Supreme |
16-Jun-2020 08:40
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A very good and precise description! Just upstream flow with River.
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