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Riverstone
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Riverstone go go go!
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marco69
Senior |
01-Apr-2022 13:12
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Yes. My mistake. See wrongly
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tofudidi
Supreme |
01-Apr-2022 12:42
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Ex date is on May bro...
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tofudidi
Supreme |
01-Apr-2022 11:12
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Among glove makers, Riverstone has most attractive margins
https://www.businesstimes.com.sg/companies-markets/among-glove-makers-riverstone-has-most-attractive-margins
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tofudidi
Supreme |
01-Apr-2022 10:54
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Next dividend play coming. $1.30 will come very soon. Train is moving! | ||||
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Midtermer
Master |
01-Apr-2022 10:15
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Good start to April for now. Price may pick up pace mid to end Apr. Exciting times ahead! | ||||
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TikTalk
Supreme |
31-Mar-2022 19:35
Yells: "E19 B64 C17" |
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Yes, in a way if you think contra players contribute to that or volatilities causing overbought and oversold condition, extreme movement.
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investor999
Elite |
31-Mar-2022 19:32
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Pushed high high then sell to people.
Maybe will go up if people pay to collect.
If people buy and cannot pay will contribute to short sellers.
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marco69
Senior |
31-Mar-2022 18:53
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Buy low when the fundamental no problem. Back then we back low becos people still don't expect asp to drop so rapidly n thus consider the drop in the pass a good opportunity to buy.
Now asp settled down n indeed it does drop rapidly as those BB who rush to sell expected. Blur retail investor end up wrong. End of the day BB got info that we don't and market movement over long term will make sense. So it's better to assess whether the drop is justify or bullocks in your own prospective. Buy low when it drop doesn't necessarily will reward. Many time just catching a falling knife.
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Tigerzbeer
Member |
31-Mar-2022 18:22
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Just don't feel gloves is going further higher. So many gloves stock are ramping up volume thus price will fall... Just my 2 cents 😛
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investor999
Elite |
31-Mar-2022 18:16
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Common sense sometimes so hard to grasp.
Of course you buy when nobody wants to buy and everything looks bad lah.
Where got chase. Stupid to buy high. Buy low lah
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Tigerzbeer
Member |
31-Mar-2022 13:46
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Gloves novelty had already gone for good. Demand is still there but selling price has deteriorated... | ||||
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marco69
Senior |
31-Mar-2022 12:54
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Good luck with the Top Glove then. At fore front there are no visible catalyst at the moment.
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investor999
Elite |
31-Mar-2022 12:10
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Actually I don't really care about this stock anymore. Just keep aside and play Top Glove | ||||
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Joelton
Supreme |
30-Mar-2022 13:02
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Among glove makers, Riverstone has most attractive margins
Top Glove, despite being world' s largest glove manufacturer, had the lowest profit margins and returns within peer group BT analysed
THE prospect of relaxed Covid-19 restrictions has driven down the share prices of most glove makers so far this year. Top Glove Corporation, for instance, is down 23.4 per cent and UG Healthcare Corporation has also lost 23.4 per cent of its value.
Riverstone Holdings, however, stands out with a 39.3 per cent gain. Could the market be anticipating this company to win when its peers are losing?
Based on an analysis by The Business Times of the financial performance of the major glove makers listed here and in Malaysia and Thailand, Top Glove, although it is the world' s largest glove manufacturer, does not enjoy the same economies of scale as some of its peers.
In fact, Top Glove had the lowest profit margins and returns within the peer group BT analysed.
Top Glove' s operating profit margin of 12.3 per cent suggests that it was least efficient in controlling operating costs compared to its 6 other peers, according to their latest 2 quarters of reported financial numbers.
The company' s operating cost was disproportionately high at 89.5 per cent of its revenue, resulting in its operating profit margin being significantly lower than those of the other 6 - which ranged from 22.9 per cent to 52.4 per cent.
Top Glove also had a small net profit margin of 9 per cent - the lowest among its peers.
Top Glove, in its financial statements for the quarter ended February, did not report cost of sales. It is therefore not possible to calculate the company' s gross profit margin. Supermax Corporation, Kossan Rubber Industries and Hartalega Holdings also skipped reporting this item.
Given, however, that Top Glove' s operating cost took up almost 90 per cent of its revenue, and that it was still profitable at the operating level, this would mean that its cost of sales was fairly low.
In contrast, Supermax' s operating margin was the highest at 52.4 per cent. But its net profit margin of 34.7 per cent was not the highest. Riverstone and Hartalega had lower borrowings, which probably meant lower financing costs and better operating profit margins.
Top Glove also saw the lowest return, be it on equity or assets. The factor that separates return on equity and return on assets is the use of financial leverage or debt, as assets are supported by equity and any debt that the company takes on.
Companies in the glove making sector generally have little borrowing. All 7 had healthy debt-to-equity ratios, with Thailand-based Sri Trang Gloves' 0.22 being the highest and others not exceeding 0.08.
But Sri Trang' s days of sales outstanding stood out as the smallest, which means it took on average the shortest time among its peers to collect payment after a sale was made.
In contrast, the Malaysia-based UG Heathcare required 152 days on average - or almost double the time Sri Trang took to get paid by its customers.
But even though it scored the lowest on several metrics, Top Glove, which has deferred listing in Hong Kong had the highest price-to-earnings ratio among its peers.
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highlander
Senior |
30-Mar-2022 12:06
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NEWS ANALYSIS from THE BUSINESS TIMES this morning.....
Among glove makers, Riverstone has most attractive marginsTop Glove, despite being world' s largest glove manufacturer, had the lowest profit margins and returns within peer group BT analysed
WED, MAR 30, 2022 - 5:50 AM
UPDATED WED, MAR 30, 2022 - 5:50 AM
 Top Glove' s operating profit margin of 12.3 per cent suggests it was least efficient in controlling operating costs versus its peers, according to their latest 2 quarters of reported financial numbers.
PHOTO: BLOOMBERG
Singapore THE prospect of relaxed Covid-19 restrictions has driven down the share prices of most glove makers so far this year. Top Glove Corporation, for instance, is down 23.4 per cent and UG Healthcare Corporation has also lost 23.4 per cent of its value. Riverstone Holdings, however, stands out with a 39.3 per cent gain. Could the market be anticipating this company to win when its peers are losing? Based on an analysis by The Business Times of the financial... Please log in or subscribe to continue reading.
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marco69
Senior |
23-Mar-2022 17:45
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Next batch of dividend ex-date falls near next result release. Based on the full year, Q1 2022 result will be much lower compare to Q1 2021 becos 2021 result too spectacular.
Those who intended to keep hold might have to take note of the event date to determine your next move. |
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investor999
Elite |
23-Mar-2022 13:49
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So sell all the glove counters because they are not going to make money. Then you might as well close you books here. Don' t kachiao lah
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cucina
Master |
23-Mar-2022 13:37
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Haha, I think most in vestors know it and price still holding....investors are beginning to separate the chaft from the husk. Are you really concerned? Investors are adults and really should do their own homework in deciding what is investible or not, be it banks, industrials, oil, reits or gloves stocks.
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sweet639
Veteran |
23-Mar-2022 13:36
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RS have dividend to support the price, it will not drop yet until May when dividend due, what make you think it will go to 0.50? RS is making high end operation gloves which is different from other glove company
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investor999
Elite |
23-Mar-2022 13:35
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You sell lah Shout so much for what | ||||
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