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Riverstone    Last:0.86    +0.005

RIVERSTONE HOLDINGS LIMITED

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syl0313
    11-Jun-2020 15:17  
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master yuan, so now at wc? new wave?

SgYuan      ( Date: 05-Jun-2020 11:54) Posted:

wb up ew
now ew 192 221 w2?
w1 29
w2 18 tgt 203
px hit 207 and turn

w3 47 tgt 254
px hit 241 delta 34
now look dangerous because this really look like wb up

w4 13 tgt 228
px hit low 225 and push up to 235
5min chart bollinger 227 231 236
if px break low 225 again bad sign

w5 29 tgt 254
prev high was 246


wa dn 246 192 delta 54
wb up 192 241delta 49
- if wb dont break up 246 then wc continue

wc dn 241 ?187


syl0313      ( Date: 05-Jun-2020 10:00) Posted:

Master Yuan, any update


 
 
ghetto
    11-Jun-2020 15:11  
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Glove biz is really shooting thru the roof. Today went past another point to 2.37. 
 
 
Wong80
    11-Jun-2020 13:55  
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TQ

PRETTYandRICH      ( Date: 11-Jun-2020 13:55) Posted:

Saw someone' s post earlier will be in August. 

Wong80      ( Date: 11-Jun-2020 13:37) Posted:

anybody know Riverstone next quarterly report when?
 


 

 
PRETTYandRICH
    11-Jun-2020 13:55  
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Saw someone' s post earlier will be in August. 

Wong80      ( Date: 11-Jun-2020 13:37) Posted:

anybody know Riverstone next quarterly report when?
 

Wind888      ( Date: 11-Jun-2020 13:30) Posted:

--- Post Removed by User ---


 
 
Wong80
    11-Jun-2020 13:37  
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anybody know Riverstone next quarterly report when?
 

Wind888      ( Date: 11-Jun-2020 13:30) Posted:

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Sgvale
    11-Jun-2020 13:14  
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Still strong like boulder not stone.
 

 
ghetto
    11-Jun-2020 13:10  
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Riverstone, are you ready to return to 240s level
 
 
lifeisgood
    11-Jun-2020 13:09  
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Top Glove going to gap up a lot when reopen.
 
 
lifeisgood
    11-Jun-2020 12:54  
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Holy cow!!! Unbelievable !

 

hokpin      ( Date: 11-Jun-2020 12:47) Posted:

Top Glove 5 times more profit qoq!

 
 
hokpin
    11-Jun-2020 12:47  
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Top Glove 5 times more profit qoq!
 

 
lifeisgood
    11-Jun-2020 11:37  
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In a corporate update presentation on 13 May 2020, Q1 net profit RM 46.6 mio, 50% higher than Q1 2019.

Q2 results will be much much stronger due to the covid escalation from March - June and ongoing.

So I am holding on for Q2 earnings release in Aug. 

ghetto      ( Date: 11-Jun-2020 11:30) Posted:

Riverstone business is at full steam. The only reason why ppl throw down is some are doing to collect cheap before it fly. Be vested.

 
 
ghetto
    11-Jun-2020 11:30  
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Riverstone business is at full steam. The only reason why ppl throw down is some are doing to collect cheap before it fly. Be vested.
 
 
lifeisgood
    11-Jun-2020 11:21  
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The covid situation is US looking quite bad, like Texas. Even before first wave over, second wave already started.

Gloves and PPE will be in continued strong demand. Riverstone has ramped up capacity to produce another 1.5 billion gloves. 

turtletrader      ( Date: 11-Jun-2020 11:05) Posted:

DBS has revised new Target Price to S$3.09 recently citing higher ASP and margins postive demand and supply dynamics to drive ASP and margins higher in the future. Also its currently capacity utilization rate is very high at 95% (Source: NextInsight).

 
 
turtletrader
    11-Jun-2020 11:05  
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DBS has revised new Target Price to S$3.09 recently citing higher ASP and margins postive demand and supply dynamics to drive ASP and margins higher in the future. Also its currently capacity utilization rate is very high at 95% (Source: NextInsight).
 
 
ghetto
    11-Jun-2020 10:43  
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Lets see if rapids flow fast after lunch. Now is gentle flow...
 

 
Longtermer
    11-Jun-2020 10:05  
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Top glove up 0.9%...
 
 
ghetto
    11-Jun-2020 09:11  
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The river slow down for ppl to get on board before it will resume.
 
 
hokpin
    11-Jun-2020 07:11  
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Bro & Sis, today will be very key. All small bros follow the headwind of Big Bro - Top Glove.
 
 
johnng
    10-Jun-2020 23:33  
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Tml serve premium Sarawak bird nest GAP up $2.50??
 
 
bryan2003
    10-Jun-2020 22:23  
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Hi,

The figure i have mentioned is correct as i had attended the AGM online. There is question to the management why they dont have intention to produce more healthcare glove and the reply was cleanroom glove has 3 times better margin compared to healthcare glove and the demand for cleanroom glove is high right now.

Thanks

stlimst      ( Date: 10-Jun-2020 21:45) Posted:

Hi, 
I think the figures were quoted  incorrectly.
Based on the latest corporate presentation material for Q1  (available from their website and SGX announcement site), their volume of product mix it is 15% Cleanroom gloves and 85% fpr healthcare and Food Grade gloves.
Revenue is 26% for Cleanroom and 74% for the rest.
Profit contribuiton is 51% from Cleanroom and 49% from the rest.

Looking at this breakdown, I do believe that Riverstone is having the best of both world.

Agree that upside is still there for both Riverstone and UG.
I am vested in both but today reduce some UG holding because my SP target has been reached.
Somehow I think Riverstone still have more upside. DBS has just revised up the traget price to $3.09.

Cheers!

bryan2003      ( Date: 10-Jun-2020 21:21) Posted:

According to the message from the management during the AGM section last week, 85% of riverstone production is producing cleanroom glove and 15% is producing healthcare for last 6 months and next 6 months. Cleanroom glove has better selling price compared to healtcare glove. However, it is advicable to have UG healthcare as well since UG Healthcare is OBM for healthcare glove. OBM has higher profit margin and UG Healthcare' s sales territories are at those countries which badly affected by Covid-19 such as US, UK and Brazil. Based on the last quarter report, it' s sales from North and South America has increased alot and foresee the report on August will have big surprise. No harm to hold both counters.


 
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