Riverstone    Last:0.87    -0.015

RIVERSTONE HOLDINGS LIMITED

Both historical and Forward PE measures.

Riverstone projected foward PE for CY2020 is about 18x based on price of $2.04 while Malaysian peers like Hartalega has forward PE of more than 45 times based on CY 2020, Top Glove is also more than 40 times based on projected PE for 2020.

Cadence88      ( Date: 26-May-2020 11:15) Posted: By which measures ? furnaces      ( Date: 26-May-2020 11:11) Posted: and yet at current prices, its lagging its Malaysian peers by 40-50%.

 

love this stock, have been holding it for many year and this year it finally awoke... but it seems like riverstone  is a little too overvalued at the moment. the profit has only increased by 50% (in the recent results) but already stock price increased by two times. And all these haven' t consider the big fat bonuses that the directors are going to pay to themself and their employee come year-end and they are already at full capacity with only an incremental number of additional facilities upcoming over next 1-2 years. i think once these glove stock craze dies off it will probably come back down to trade around 1.6-1.9 range, hope to then buy back lower :)

 

CB opens, huge demand for gloves , huat ah

 

By which measures ?

furnaces      ( Date: 26-May-2020 11:11) Posted: and yet at current prices, its lagging its Malaysian peers by 40-50%.

 

and yet at current prices, its lagging its Malaysian peers by 40-50%.

 

Jaws dropped. It is extremely strong.

 

very strong

 

Nice rebound today

 

Breaking 52-week high today ?

 

30min chart

 

w4 11 hit 183 over corrected
w5 11 tgt 194 or
w5 19 tgt 202 up 61.8% of 30

SgYuan      ( Date: 21-May-2020 20:17) Posted: wave c tgt 164 - px hit 169 30min chart ew w5 tgt 199 up 100% of w1 delta 11 - px hit 194 now SgYuan      ( Date: 18-May-2020 08:41) Posted: why 3rd level - see orange ew

 

Sri Trang trading at $1.03 sgd now in Thailand
Tmr Riverstone And TOP Glove and Sri Trang continue gloving up the gloves

 

Agree. Target price is just a number put in my analyst - there are conditions, variables nd forecast that must be fulfilled in order for the TP to be hit.
Given the volatility in the market it is not a good idea to do short term trade - unless you are doing trading for a living.
For Riverstone and other gloves manufacturers, the current pandemic with unrelenting demand and the lowering of raw material cost are playing into their hands - the alignment of stars!
So I am  looking more at the fundamentals.

Having said that, it is wise to keep abreast of development.Things, good or bad, can happen.

For me, at least for now, I don' t see downside business risk. Things should be clearer when they do their Q2 reporting. 
I am vested and not doing  short term trading

Good luck (still need this!) and Cheers
 

christopherchan      ( Date: 24-May-2020 13:47) Posted: CIMB has up their TP to $2.50 if I'm not wrong but we must understand when they give a Target Price their time frame is usually 12months can usually find the small print at the bottom of their Analyst Report. For Long term wise I won't doubt it has the ability to reach $2.50 but short term wise expect it to go into correction soon.. But get caught in the downtrend, I rather you buy at the end of downtrend and sell at near end of uptrend Superkilat      ( Date: 24-May-2020 12:03) Posted: This one is like Medtecs. In Mar, Medtecs was in 6s cents range and now it is in 17s cents range. More upside expected especially adter upgrading by CIMB. But Medtecs has no coverage by brokerafe house so far. Let me write in after i have bought in bulk. Hehehe.

 

CIMB has up their TP to $2.50 if I'm not wrong but we must understand when they give a Target Price their time frame is usually 12months can usually find the small print at the bottom of their Analyst Report. For Long term wise I won't doubt it has the ability to reach $2.50 but short term wise expect it to go into correction soon.. But get caught in the downtrend, I rather you buy at the end of downtrend and sell at near end of uptrend

Superkilat      ( Date: 24-May-2020 12:03) Posted: This one is like Medtecs. In Mar, Medtecs was in 6s cents range and now it is in 17s cents range. More upside expected especially adter upgrading by CIMB. But Medtecs has no coverage by brokerafe house so far. Let me write in after i have bought in bulk. Hehehe.

 

This one is like Medtecs. In Mar, Medtecs was in 6s cents range and now it is in 17s cents range. More upside expected especially adter upgrading by CIMB. But Medtecs has no coverage by brokerafe house so far. Let me write in after i have bought in bulk. Hehehe.

 

Agree

TA_Expert      ( Date: 24-May-2020 11:18) Posted: You are right. March low was $0.685. It has already rallied more than 100% within 2 months. christopherchan      ( Date: 22-May-2020 14:37) Posted: A bit too late, looks like Riverstone already at Wave 5 (ELLIOTT Wave), unless this wave 5 got extension then you can take a risk.. I exiting soon yesterday took some profit already.. Best is enter a stock when it's at Wave 2ot wave 3.. Wave 5 very dangerous (DYODD)

 

You are right.

March low was $0.685. It has already rallied more than 100% within 2 months.

christopherchan      ( Date: 22-May-2020 14:37) Posted: A bit too late, looks like Riverstone already at Wave 5 (ELLIOTT Wave), unless this wave 5 got extension then you can take a risk.. I exiting soon yesterday took some profit already.. Best is enter a stock when it's at Wave 2ot wave 3.. Wave 5 very dangerous (DYODD) satruz      ( Date: 22-May-2020 13:50) Posted: I think quite stabilised now.... looking to jeep some.... any advice, bros? :)

 

For those who are interested in knowing more above the business and prospects of Riverstone, take a look at the latest corporate presentation published recently :
https://links.sgx.com/1.0.0/corporate-announcements/RPQJGQ925MQQRGZG/9c6e400d42516cd5a85719cc09c51e64928711067c6a9bcc81a5613d07905bb6

In summary, Riverstone has 2 main glove business segments - Cleanroom (for Electronic and Pharma industries) and Healthcare (for Healthcare and Food industries).
Revenue from :      Cleanroom - 26% , Healthcare - 69%, others - 5%
Profit contribution : Cleanroom - 51%, Healthcare - 43%,  others - 6%

What I like most about Riverstone :
A.  distinct from competitors -  2 main sources of revenue, namely:
      1. High tech cleanroom gloves own brand, direct to end user and high profit margin
      2. Healthcare gloves consistent demand, resilient to changing market conditions
B.  Expansion plan in progress to increase capacity by 1.0 ~ 1.5 billion pieces of gloves every year
C.  Consistent dividend payout since listing
D. Resilient Balance Sheet and strong cash position

With all these, Riverstone should be at least on par if not better than their Malaysian peers. Today, she is trading way below their peers.

Think about that!

 

Lol Tuesday
Riverstone fly

 

I am very sure Monday won' t fly....because it is Hari Raya!!!!!!!!!!!!!
Enjoy.

LowLow12      ( Date: 23-May-2020 19:50) Posted: Monday riverstone fly Rest of Gloves also fly stlimst      ( Date: 23-May-2020 17:32) Posted: CIMB up forecast of Riverstone to $2.50! https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13543-riverstone-100-profit-jump-forecast-by-cimb