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10521-10540 of 10564
Look good!!
congrats, must have locked in some handsome profits!
KiLrOy ( Date: 07-May-2015 22:59) Posted:
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Finally got volume to let go and rebalance my portfolio. !!!
Yes yes. This stock is meant for long term. The best and safest stock, only up and never down. Even after ex-dividend it shot back up above 1.3. It' s high is always higher then previous high!! A-star Chip!
" Riverstone&rsquo s net profit surges 68.6% to RM27.0 million for 1QFY2015 driven by increased demand and product mix
&bull Revenue correspondingly increased 44.8% to RM127.2 million driven by increased sales volume as Phase 1 of expansion comes onboard, adding one billion pieces of gloves yearly
&bull Phase 2 of expansion is on track for completion by end of FY2015, ramping up total annual production capacity to 5.2 billion pieces of gloves
&bull Continues to generate positive operating cash flow quarterly resulting in a net cash position of RM96.8 million to support capacity expansion plans"
the company seems to be on track in its growth trajectory not just driving topline growth but also a margin expansion concurrently supported by the new expansion.
an interesting article by motley fool on the 6 key reasons how Riverstone outperforms the market.
https://www.fool.sg/2015/03/13/6-interesting-things-you-must-know-about-this-market-beating-company-part-1/
given that Riverstone is one of the top glove manufacturers in Malaysia with consistently high profit margins, the market seems to have muted interest in the counter. UOB KH, Maybank KE and DMG have all increased their TPs respectively.
MayBank-KE Research
Riverstone Holdings: A natural fit Initiate BUY
Initiate with BUY. SGD1.21 TP,at 15x FY15E P/E,inlinewith peeraverage.
Earnings growth to speed up as doubling ofcapacity shouldease growth constraints.
Strong focus on customisation and leadership in cleanroom gloves differentiate it from larger peers.
Riverstone Holdings: A natural fit Initiate BUY
Initiate with BUY. SGD1.21 TP,at 15x FY15E P/E,inlinewith peeraverage.
Earnings growth to speed up as doubling ofcapacity shouldease growth constraints.
Strong focus on customisation and leadership in cleanroom gloves differentiate it from larger peers.
Hopefully we will see it move up cum Monday :)
UOB-KH research also recommended a BUY with TP 1.14 :)
UOB-KH research also recommended a BUY with TP 1.14 :)
apasamy ( Date: 03-Oct-2014 16:31) Posted:
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almost there . $ 0.995 today.
Hitting $1 soon maybe? :)
Quoted from DMG' s report:
' We recently visited Riverstone' s new facility in Taiping, Malaysia. Production will start with two lines in October, before two more
are added each in November and December to reach a 1bn capacity. While its competitors have been aggressively expanding
capacity and its costs have risen in 3Q, we remain positive on Riverstone' s expansion plan and execution capabilities. Maintain
BUY with a SGD1.15 TP (22% upside to the current share price), based on a 16.3x FY14 P/E.'
http://www.remisiers.org/cms_images/research/0929__OSK_l_DMG__Morning_Matters.pdf
Hit $1 today.
Too limited movement on this stock leh.
Its increased revenue is due to a expanding need for cleanroom. Cant really say for that in the far future.
Buy liao wan to sell hard.
Riverstone&rsquo s 2QFY2014 hits a quarterly record of RM96.9 million in Revenue and RM16.1 million in Net Profit
-declares interim dividend of 2.35 sen (RM) per share
A 7.1% year-on-year (&ldquo yoy&rdquo ) growth in revenue to a record high of RM96.9 million while net profit correspondingly increased 11.3% yoy to RM16.1 million for the three months ended 30 June 2014
AAwang ( Date: 23-May-2014 11:46) Posted:
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Buyers seem to be coming back for this stock
See the entry and exit price at my blog
masterstocktrader blog spot sg
Riverstone pays a higer dividend rate and it has no debt at all. I am comfortable to hold it longer.
If everything does not change significantly to affect its business, I will hold it to at least to $1.05 based on the valuation of average PE 16, which is about the same as its peers.
Additionally, i haven' t factored in the case that Riverstone' s production will increase significantly by the end of the year, though i do acknowledge there is a fierce competition in this industry. Riverstone has has made more niches.
Huat ah!!
sunview ( Date: 23-May-2014 11:28) Posted:
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Hit my calculation. I only buy if it goes back to $0.8 hehehe
srichipan ( Date: 06-Mar-2014 14:02) Posted:
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AAwang, congratulation for holding on to your Riverstone. But are you tempted to sell now at $0.90, the target price set by CIMB ?
But just for your info, UOB-KH has initiated a BUY call today with a target price of $1.14.
Bought at 60 cents but sold even before it touches 80 cents, bad judgment but what to do? Now no bullet to buy back as vested in other shares liao :(
AAwang ( Date: 06-May-2014 20:54) Posted:
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