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10401-10420 of 10564
all covering analysts upgraded their target prices on Riverstone this morning. DBS and MKE upgraded from " Hold" to " Buy" too.
DBS - TP of $1.26 (Buy)
CIMB - TP of $1.28 (Buy)
MKE - TP of $1.22 (Buy)
key highlights include:
- capacity expansion remains on track to hit 10.4b by end 2019
- uplift in the tech sector, specifically semiconductor upcycle will see Riverstone recording growth in its cleanroom gloves business
- valuation gap compared to Malaysian peers
DBS - TP of $1.26 (Buy)
CIMB - TP of $1.28 (Buy)
MKE - TP of $1.22 (Buy)
key highlights include:
- capacity expansion remains on track to hit 10.4b by end 2019
- uplift in the tech sector, specifically semiconductor upcycle will see Riverstone recording growth in its cleanroom gloves business
- valuation gap compared to Malaysian peers
top glove increased 70% after listed in sgx.
sleeping dragon nobody goreng
boss don' t like goreng, don' t have floating shares.
sleeping dragon nobody goreng
boss don' t like goreng, don' t have floating shares.
Influenced by Top Glove.....
FrankFrankie ( Date: 24-Jan-2018 15:48) Posted:
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hmm. moving up up and away. good growth stock. got potential to compete in the world market.
sold some short term holdings here and shifted to Duty Free International as price is quite stable there at the 52 week bottom now.
we will be soon heading for the 5 year high at 1.24 and probably more fireworks from that point when investor see the growth story unfold before their eyes with new plant going into production mode and the output capacity goes up further. Hold I am enjoying my ride from 83 cents and still enjoying ha ha aha
its new plant is coming up nicely and price is stable at this value decided to add this in small lots for another 8 weeks more surprises will come over a period hold thia jackpot for good gains cheers
sold some partially at good profits and shifted to Tiong Seng holdings (sgx:BFI)
mogambo ( Date: 02-Jun-2017 12:11) Posted:
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I told you all not to ignore this Jackpot pick ... it is fundamentally performing better and better amongst all its peers in the sector and industry ... this pick will rule and win hearts of many and many uncle and aunties and all the investor folks waiting to see more and more rewards for sure. when a company performs and grows better than its competitiors HOPE IS ALWAYS alive for the brave hearts.
mogambo ( Date: 24-May-2017 13:26) Posted:
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its a breakout again cheers
mogambo ( Date: 19-May-2017 19:32) Posted:
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this scrip is filled with treasure ... holding from 84 cents... now retesting 1.05 repeatedly .. when it breakouts 1.05 the journey towards 1.25/1.3 should start and should be seen too. Go long go strong.
mogambo ( Date: 12-May-2017 14:45) Posted:
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gained 20 cents within a month... this scrip has lot of power ha ha
mogambo ( Date: 05-May-2017 17:21) Posted:
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Power... song bo???
bishan22 ( Date: 12-May-2017 10:37) Posted:
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Wow, moves up again after Big Jump +3, getting closer to the target prices set by the analysts in a matter of days.
Liao leow.......
bishan22 ( Date: 05-May-2017 14:59) Posted:
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CIMB upgraded to ADD from HOLD
Target price = $1.11
■ 1Q17 core net profit was ahead of our expectations, at 26% of our full-year forecast.
We expect a stronger 2H with another 1bn pieces p.a. capacity coming on stream.
■ Core net profit rose 17% yoy on the back of 39% yoy revenue growth, driven by
stronger healthcare and cleanroom gloves sales, partly offset by lower GPM.
■ Management revised its capacity expansion plan, with total capacity slated to reach
10bn pieces p.a. by end-FY19, representing c.60% increase over end-FY16.
■ We raise FY17-19F core EPS by 10-14%.
■ Upgrade Riverstone from Hold to Add, with a higher TP of S$1.11, based on FY18F
core P/E of 18.3x (pegged to the average of its 3 major Malaysian peers).
Another upgrade.
DBS upgraded Riverstone from HOLD to BUY.
Target: $1.07 (previous $0.92)
&bull 1Q17 profits hold up better than expected on improved cleanroom demand
&bull Ups guidance on capacity expansion plans to 10bn gloves by end-FY19F (vs 8.2bn by end-FY18F previously)
&bull Takes on debt to fund expansion but remains in net cash position of RM122.7m (as at end-1Q17)
&bull More positive on earnings outlook upgrade to BUY with higher TP of S$1.07, based on FY18F earnings
Most encouraging of all is its strong growth in the high margin cleanroom glove segment, outperforming its competitors.
BTW, Maybank KimEng also upgraded the stock to BUY from Hold with a 12-month target of $1.05.
yes I was impressed seeing volumes when I saw riverstone struggling at 84 cents 2 or 3 weeks back with very low volumes. I quickly bought this most undervalued scrip in this sector compared to Top Gloves, hartaleage this is any day Fundamentally strong and evergreen for targets of 1.25 and above . Good volumes today and I was happy to see it break out with a huge gap up opening at 94 cents the shorts just got squeezed out .. it was like squeeze blood out of stone ha ha ah aah
bishan22 ( Date: 05-May-2017 14:59) Posted:
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Technically is a breakout today..... more upside in the coming days......