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eric998 Supreme	06-Dec-2021 11:21        eric998 About Contact  Quote this Post!
x 1   x 0  Alert Admin	My own analysis is that 40c is quite good entry if for investment. But RS have to give good dividend for people investing in dividend counters. Midtermer      ( Date: 06-Dec-2021 11:15) Posted: I would think if WHO finally declares endemic, that is when all glove stocks will recover as whoever's left are the real investors and it will be back to fundamentals play. It is worth noting that RS has been growing steadily and increasing its market share in clean room gloves so in terms of profit it will definitely be better than pre pandemic. So really depends on risk appetite. As you mentioned, we are near bottom but no one knows where and when is bottom unless you are the one controlling the share price now. Cheers. JessTrang      ( Date: 06-Dec-2021 11:07) Posted: Analysts/investors already anticipating yr 2022/2023/2024 performance with pre pandemic era in mind.. if retailers continue to pandemic here pandemic there with hopes of share price surging for 50% due to new variant news, that' s your gameplay.. but remember, the fear factor will diminish as times goes by. i feel 0.5x/0.6x might be the bottom but will it surge 30% from there after WHO declare endemic?
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Longtermer Elite	06-Dec-2021 11:20        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	CIMB 2022 forecast on Gloves Neutral (top pick: Riverstone) 3 December The recently discovered Omicron variant of Covid-19 triggered another share price rally for glovemakers over the past week, as concerns rise over another potential wave of outbreak. From our conversation with glovemakers, we gather that demand for healthcare gloves have steadily improved in late 4QCY21F, with distributors turning more active in placing orders for delivery in Dec and beyond. This was mainly due to a combination of 1) low inventory holding (distributors and end-customers have been cautious in their procurement over the past six months), and 2) stabilisation of ex-factory prices driving improvements to distribution margins. We expect the production utilisation rate of both Riverstone (RSTON SP, Add, TP: S$1.20) and UG Healthcare (UGHC SP, Add, TP: S$0.42) to return to an optimal level of c.90% by 1QCY22F. Industry ex-factory prices for nitrile healthcare gloves have declined to c.US$28-34/carton for Nov and Dec shipments, according to findings from our channel checks. This is significantly lower than the peak levels of c.US$100/carton seen in early 2Q21, though still higher than pre-pandemic pricing of c.US$20/carton, mainly due to higher raw material prices. We expect ex-factory prices to decline at a gradual pace hereon, tracking the easing of raw material prices, as ex-factory margins have returned to a more normalised level of c.20% (pre-Covid level: c.15%). Meanwhile, we expect cleanroom glove prices to remain healthy at c.US$120/carton in 4QCY21F, driven by continued strong demand by the electronics and pharmaceutical industries. We maintain Add calls on both RSTON and UGHC. While the ASP declines point to a weaker earnings profile (on a yoy basis) for glovemakers for CY22F, we continue to like RSTON and UGHC given their relative resilience vs. other glovemakers. RSTON stands out with its cleanroom capability, which contributed 20% to its volume and 50% to its gross profit pre-pandemic. UGHC is also uniquely positioned given its original brand manufacturer (OBM) business model, which allows the company a relatively sticky pricing profile as it deals directly with end-consumers in the various countries it has expanded its distribution network to.   We believe RSTON&rsquo s valuation is especially attractive &ndash it trades at 9.8x CY23F P/E, while backed by net cash of S$0.39/share (55% of its market cap). We expect back-loaded dividend payout for FY21F (RM0.38 per share) to be the support for its share price.
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sutiono Veteran	06-Dec-2021 11:19        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	But the last reported shares it owned was 71m , about 4 weeks ago , should have finished selling by last week or before ? beng1102      ( Date: 06-Dec-2021 11:16) Posted: One shareholder has been investing with members' money and has not been clever in the cash flow management.  As result need to keep selling share to meet obligation to the members. easywin      ( Date: 06-Dec-2021 11:12) Posted: Maybe the name no good, need to change name to get lucky?
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beng1102 Elite	06-Dec-2021 11:16        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One shareholder has been investing with members' money and has not been clever in the cash flow management.  As result need to keep selling share to meet obligation to the members. easywin      ( Date: 06-Dec-2021 11:12) Posted: Maybe the name no good, need to change name to get lucky?
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Midtermer Master	06-Dec-2021 11:15        Midtermer About Contact  Quote this Post!
x 0   x 0  Alert Admin	I would think if WHO finally declares endemic, that is when all glove stocks will recover as whoever's left are the real investors and it will be back to fundamentals play. It is worth noting that RS has been growing steadily and increasing its market share in clean room gloves so in terms of profit it will definitely be better than pre pandemic. So really depends on risk appetite. As you mentioned, we are near bottom but no one knows where and when is bottom unless you are the one controlling the share price now. Cheers. JessTrang      ( Date: 06-Dec-2021 11:07) Posted: Analysts/investors already anticipating yr 2022/2023/2024 performance with pre pandemic era in mind.. if retailers continue to pandemic here pandemic there with hopes of share price surging for 50% due to new variant news, that' s your gameplay.. but remember, the fear factor will diminish as times goes by. i feel 0.5x/0.6x might be the bottom but will it surge 30% from there after WHO declare endemic?
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easywin Supreme	06-Dec-2021 11:12        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe the name no good, need to change name to get lucky?
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JessTrang Veteran	06-Dec-2021 11:07        JessTrang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Analysts/investors already anticipating yr 2022/2023/2024 performance with pre pandemic era in mind.. if retailers continue to pandemic here pandemic there with hopes of share price surging for 50% due to new variant news, that' s your gameplay.. but remember, the fear factor will diminish as times goes by. i feel 0.5x/0.6x might be the bottom but will it surge 30% from there after WHO declare endemic?
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beng1102 Elite	06-Dec-2021 11:04        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is a lot of cash and that is why dividend and tax have been paid for so many years.  If no money the M Gov will not have the windfall tax and will go after them. Godwinlow      ( Date: 06-Dec-2021 10:10) Posted: I really don' t know. Ahhhhhhhhhhhhhhhhhhh sutiono      ( Date: 06-Dec-2021 09:59) Posted: Don't tell me the financials are not bonafide ?
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sutiono Veteran	06-Dec-2021 10:46        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Godwin , please check your mail box , thanks. Godwinlow      ( Date: 06-Dec-2021 10:22) Posted: Both Jonathan and James have resigned!!!! sutiono      ( Date: 06-Dec-2021 10:15) Posted: You are meeting Jon today ?
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Longtermer Elite	06-Dec-2021 10:37        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 1  Alert Admin	RS has more than 30 years history. Dividends are consistent. Price Fall mirror Bursa counters. No buy no sell. TG results on Friday should provide more updates..
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Godwinlow Elite	06-Dec-2021 10:22        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Both Jonathan and James have resigned!!!! sutiono      ( Date: 06-Dec-2021 10:15) Posted: You are meeting Jon today ? Godwinlow      ( Date: 06-Dec-2021 10:10) Posted: I really don' t know. Ahhhhhhhhhhhhhhhhhh
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Starship Supreme	06-Dec-2021 10:17        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Godwinlow      ( Date: 06-Dec-2021 10:10) Posted: I really don' t know. Ahhhhhhhhhhhhhhhhhhh sutiono      ( Date: 06-Dec-2021 09:59) Posted: Don't tell me the financials are not bonafide ?
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msksmsks Supreme	06-Dec-2021 10:16        msksmsks About Contact  Quote this Post!
x 0   x 1  Alert Admin	In such moment of time, do not get despair and confused/frustrated. Good company with solid fundamentals wl prevail.    Numbers don lie as dividends being given every year and even more generous if making more $ There wl be a time when price wl be bombed out and enough is enough..... I' m opined we are pretty close to there. Cheers
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sutiono Veteran	06-Dec-2021 10:15        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are meeting Jon today ? Godwinlow      ( Date: 06-Dec-2021 10:10) Posted: I really don' t know. Ahhhhhhhhhhhhhhhhhhh sutiono      ( Date: 06-Dec-2021 09:59) Posted: Don't tell me the financials are not bonafide ?
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Godwinlow Elite	06-Dec-2021 10:10        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	I really don' t know. Ahhhhhhhhhhhhhhhhhhh sutiono      ( Date: 06-Dec-2021 09:59) Posted: Don't tell me the financials are not bonafide ? Godwinlow      ( Date: 06-Dec-2021 09:51) Posted: That' s what I have been asking. Is there something wrong. Everyday sell down! My goodnes
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sutiono Veteran	06-Dec-2021 09:59        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't tell me the financials are not bonafide ? Godwinlow      ( Date: 06-Dec-2021 09:51) Posted: That' s what I have been asking. Is there something wrong. Everyday sell down! My goodness sutiono      ( Date: 06-Dec-2021 09:36) Posted: Do we really do not know something that insiders know ?
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Godwinlow Elite	06-Dec-2021 09:51        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	That' s what I have been asking. Is there something wrong. Everyday sell down! My goodness sutiono      ( Date: 06-Dec-2021 09:36) Posted: Do we really do not know something that insiders know ?
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sutiono Veteran	06-Dec-2021 09:36        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do we really do not know something that insiders know ?
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Godwinlow Elite	06-Dec-2021 09:31        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	WHATS GOING ON
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Stocksguru Master	06-Dec-2021 09:29        Stocksguru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Me lose on riverstone until stone
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