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Riverstone
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Riverstone go go go!
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Midtermer
Master |
21-Dec-2021 07:10
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your prata flipping skill remind me of Jesmar bro. Just saying haha.
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Sgvale
Supreme |
21-Dec-2021 07:07
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Too many glove makers in the market. Profit margin thin | ||||
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Sunbrighten
Member |
20-Dec-2021 22:50
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Thank you mr Wong my hero! | ||||
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Midtermer
Master |
20-Dec-2021 21:49
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Thank you Mr Wong again for increasing your buys today. 600 lots at 70.5 cents per share. Cheers. | ||||
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CheeryVGoh
Supreme |
20-Dec-2021 17:45
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Strong cash position should help glove makers ride out price war ahead, says HLIB ResearchKUALA LUMPUR (Dec 20): Current headwinds faced by glove makers are unlikely to dissipate in the near future, with Hong Leong Investment Bank (HLIB) Research expecting the operating environment  to remain challenging in the first half of next year (1H22).
However, the research firm&rsquo s analyst Sophie Chua Siu Li in a note on Monday (Dec 20) said glove makers' strong cash position  should help them to navigate through these challenging times and withstanding any impending price war  that might come their way. Chua said average selling prices (ASPs) of gloves had been on a downtrend since mid-2021, following the mass roll-out of vaccination programmes in major glove-consuming countries  as better vaccination coverage greatly alleviated buyers&rsquo urgency to stock up on gloves. &ldquo As we move into 1H22, glove prices are expected to continue trending downwards, but at a slower pace of about 5% month-on-month (m-o-m) versus 10% m-o-m previously  as glove prices have fallen closer to pre-Covid-19 levels, where current ASPs are at US$25 (about RM105.69) to US$35 per thousand pieces, while pre-pandemic ASPs were at US$21 per thousand pieces. &ldquo We also note that the pricing difference between the US market and the European Union market is also narrowing, at about US$5 now, as opposed to a US$10 gap earlier. " In our view, glove prices are likely to reach pre-Covid-19 levels by the second quarter of next year,&rdquo she said. Chua added that the spike in glove demand previously resulted in nitrile butadiene rubber (NBR) latex prices to more than double to a high of about US$2.40 per kg in early-2021, but had since tapered off  in tandem with weaker glove demand.  She also said that NBR latex prices are expected to reach pre-Covid-19 levels of about US$1.10 per kg in early-2022  as glove demand continues to normalise and as additional supply capacity kicks in. &ldquo Natural rubber latex prices, however, are expected to stay elevated in 1H22, given the La Nina phenomenon expected in January 2022, followed by a wintering period that typically lasts from February to May,&rdquo she said.  With ASPs declining faster than raw material prices, coupled with higher operating costs stemming from better social compliance practices and stricter standard operating procedures, Chua also observed that margins for glove makers are expected to be compressed further, not to mention that the impending price war arising from Chinese glove makers attempting to win market share could also exacerbate the situation further.  &ldquo Nevertheless, we are comforted by the fact that glove makers under our coverage accumulated a large war chest during the upcycle and the strong balance sheet should help the glove producers to better weather through these difficult times,&rdquo she said.  Amid  falling ASPs, Chua said glove buyers had refrained from stocking up on gloves to avoid locking in purchases at high prices.  However, with glove prices slowly approaching pre-Covid-19 levels, she opined that restocking activities could gradually resume in 1H22.  &ldquo That said, we expect utilisation rates of glove producers to still remain below pre-Covid-19 levels of 80% to 85% in 1H22 due to overall softening of demand,&rdquo she said. HLIB Research maintained its &ldquo neutral&rdquo call on the glove sector  with the given stock ratings of the three glove makers under its coverage, namely Top Glove Corp Bhd (" sell" target price [TP]: RM1.56), Hartalega Holdings Bhd (" hold" TP: RM6.10) and Kossan Rubber Industries Bhd (" hold" TP: RM2.65). |
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bluekelah
Senior |
20-Dec-2021 13:57
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I think Smart Glove got banned by USA in early November, their customers probably have to switch order to other dependable and reputable maker like RS. We could be in for a very big earnings surprise. That could take out most of the shorts and rebound the share back to $1++  
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bluekelah
Senior |
20-Dec-2021 13:53
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thanks beng1102, good to know short interest is much reduced, which would explain the quick rebound last week. @richardlai - I forgot to buy last friday but have also had my 10lots just done @705 Markets look very weak though last friday US side so not sure if the selling will continue into this week, or suddenly keesiao santa claus rally lol...  
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beng1102
Elite |
20-Dec-2021 12:16
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Weekly open short interest gone down almost half suggesting that buying back is accelerating.
RIVERSTONE HOLDINGS LIMITED 20211203 8,240,656
RIVERSTONE HOLDINGS LIMITED 20211210 4,643,862
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Richardlai
Master |
20-Dec-2021 12:10
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Thanks. Yes will continue to hold and trade if oppoutunity rises. At present level it seems a bit too low.
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bluekelah
Senior |
20-Dec-2021 11:27
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I believe boss will continue to support at current levels as very likely next quarterly will be good with bonus dividends. However buying interest may be subdued should markets pullback next 2 weeks and in the new year. We have fast taper/ chinese property defaults/ Omicron lockdowns. I think this weekend there were additional travels bans announced in Europe and also some countries like France are getting a spike in hospitalizations and deaths (so Omicron less harmful but Delta is still spreading fast as well.)  
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Richardlai
Master |
20-Dec-2021 11:20
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So where is the River headed this week ? I got some due tomorrow but plan picking it up | ||||
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bluekelah
Senior |
20-Dec-2021 11:18
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If you have experience and a long term investor, you dont actually need guts, i have some at 1.30 and some at 61/63c. You cant always catch the bottom. But u can value a stock and assign a fair value to it. If it ever trades much below that then its a pretty good buy. For Riverstone, more than 50% of the company is now net cash. So even at 70c+ you are paying only 30c+ for the business. Even if theres no covid and business goes back to precovid, its still a big bargain, thats why boss is scooping up everyday.
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beng1102
Elite |
20-Dec-2021 11:15
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Just bought more @71c.  Is still early.
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tritonyeah6666
Senior |
20-Dec-2021 10:27
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You are funny. Stay safe
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Joelton
Supreme |
20-Dec-2021 09:33
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Riverstone chairman and incoming Heeton chair boost their stakes
FOR the 5 trading sessions that spanned Dec 10 to 16, the Straits Times Index (STI) declined 0.4 per cent, with the FTSE China A50 Index declining 0.9 per cent, the Hang Seng Index declining 3.4 per cent and the FTSE Bursa Malaysia KLCI declining 1.0 per cent.
 
Within the STI, DBS Group Holdings DBS: D05 +0.34% , UOB UOB: U11 -0.3% , CapitaLand Investment CapitaLandInvest: 9CI -1.75% , Jardine Matheson Holdings JMH USD: J36 -0.58% and OCBC OCBC Bank: O39 -0.09% received the highest net institutional inflows during the 5 sessions.
 
Outside the STI, AEM Holdings AEM: AWX -1.35% , Geo Energy Resources Geo Energy Res: RE4 +1.49% , Riverstone Holdings Riverstone: AP4 +3.73% , CapitaLand China Trust CapLand China T: AU8U -0.83% and Sheng Siong Group Sheng Siong: OV8 +0.69% received the highest net institutional inflows for the same period.
 
Overall, institutions were net sellers, with S$63 million of net outflow.
 
Ascendas Reit Ascendas Reit: A17U 0% , CapitaLand Integrated Commercial Trust CapLand IntCom T: C38U -0.5% , Singapore Airlines SIA: C6L -0.81% , Singapore Telecommunications Singtel: Z74 -2.47% and ComfortDelGro Corporation ComfortDelGro: C52 -0.72% saw the highest net institutional outflows.
 
Share buybacks
 
There were 19 primary-listed stocks conducting share buybacks over the 5 sessions with a total consideration of S$22.6 million, down from the S$61.0 million for the preceding 5 sessions.
 
OCBC led the consideration tally, paying an average price of S$11.34 per share.
 
Secondary-listings Hongkong Land and Jardine Matheson Holdings also bought back shares during the period.
 
The Hour Glass TheHourGlass: AGS -0.5% led the buyback consideration tally for non-STI stocks over the 5 sessions, paying an average price of S$2.00 per share.
 
Director and substantial shareholder transactions
 
The 5 trading sessions saw 120 changes in director interests and substantial shareholdings filed for close to 50 primary-listed stocks.
 
This included 22 company director acquisitions with 3 disposals filed, while substantial shareholders filed 16 acquisitions and 3 disposals.
 
Riverstone Holdings
 
Between Dec 10 and 16, Riverstone Holdings founder, executive chairman and chief executive officer Wong Teek Son acquired 1.5 million shares of the company for a consideration of S$973,150.
 
At an average price of 64.9 cents per share, this increased his total interest in the Malaysian-based leading cleanroom gloves manufacturer from 51.16 per cent to 51.26 per cent. His preceding acquisition was on Dec 31, 2020, with 50,000 shares acquired at S$1.11 per share. Wong' s executive responsibilities include developing business strategies and overseeing the group' s operations. He has also been instrumental in expanding the group' s customer base and cementing business relationships with its international customers.
 
On Nov 9, Riverstone Holdings noted that demand for the group' s healthcare examination gloves had continued to grow despite the pandemic moving into the endemic phase in many parts of the world.
 
It added that market prices however had begun to normalise progressively in the third quarter 2021 as major distributors had taken a wait-and-see approach for glove prices to stabilise.
 
 
 
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Sgvale
Supreme |
20-Dec-2021 09:20
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Buy & hold till new year. Many countries will shut down due omicron | ||||
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JustOnce
Member |
20-Dec-2021 09:15
Yells: "Learning to invest" |
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As opposed to what? Don' t get jab?  Whilst I think there is definitely politics calculations in how the pandemic is handled across the world, I also think we have to act based on what is available to us. What is available now is vaccines, and unless you are medically assessed to be unfit fo rthe jab, you should be jabbed. RIght or wrong aside, this is a responsible thing to do living in a society. 
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Midtermer
Master |
20-Dec-2021 09:06
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Looking at the increasing number of import cases, I wonder how many are Singaporeans returning from their vacations from Europe. Hope the govt takes the right steps soon.
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Longtermer
Elite |
20-Dec-2021 08:25
Yells: "A disciplined investor is a wealthy investor" |
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Singapore cases are still high. RS and most gloves companies are busy serving US and European mkt. But usages are increasing in third world or developing countries incl China. Their consumption are still very low.  Demands will continue to grow post pandemic due to structural changes as reported by many gloves producers.    |
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TA_Expert
Supreme |
20-Dec-2021 06:50
Yells: "The World has changed" |
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OYK thinks otherwise. He has just announced 50% return to office in Jan 2022. VTLs continue especially Malaysia one with increased frequency. Omicron is piece of cake to the MTF when 96% of Singaporeans vaccinated. Why is there to worry?
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