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Boss said orders keep flooding . His machines running non stop to keep up with demand
Sgvale ( Date: 22-Apr-2020 13:12) Posted:
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Hi All, new to investing.
Wondering why Glove making companies like UG Healthcare have soar but yet not much movement for Riverstone?
Wondering why Glove making companies like UG Healthcare have soar but yet not much movement for Riverstone?
wow .... 1.18 ...vol 722,000 ...covid10/28
W fully automation, labour cost reduced & running at full capacity to meet overwhelming demand.
Yeah, good article in BT today. Headline says it all - " Riverstone sees demand surge for healthcare gloves amid virus outbreak"
Sgvale ( Date: 30-Mar-2020 08:29) Posted:
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Boss said Co don't need many labour. By automation to produce surge in demand for hand gloves. Boss said is producing as many as it can to meet world demand amid the Covid 19 virus
Quite a positive quote on Riverstone by CNA couple of days back - https://www.channelnewsasia.com/news/business/21-sgx-listed-firms-shut-malaysia-operations-restricted-movement-12559972
rainbowman ( Date: 25-Mar-2020 18:31) Posted:
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https://www.malaysiakini.com/news/516802, this one says production affected by MCO, half staffed and packaging issues.
Until last week, Wong Teek Son had not bought shares of his company in at least 5 years, which is as far back as we can check on the SGX website.
It comes as no surprise that the executive chairman and CEO of Riverstone Holdings has been buying shares in recent days.
It comes as no surprise that the executive chairman and CEO of Riverstone Holdings has been buying shares in recent days.
https://www.channelnewsasia.com/news/world/covid-19-us-lifts-ban-on-malaysian-medical-glove-maker-amid-12573548
KUALA LUMPUR: The United States has lifted a ban on a Malaysian medical glove maker it had accused of using forced labour, a government statement showed, amid a surge in demand for personal protective equipment to fight the coronavirus crisis.
KUALA LUMPUR: The United States has lifted a ban on a Malaysian medical glove maker it had accused of using forced labour, a government statement showed, amid a surge in demand for personal protective equipment to fight the coronavirus crisis.
More insider buying from the Chairman and Malaysian peers are charting new highs, way laggard relative to peers. Hartalega just hit new highs today with 57x PE while Top Glove trades at 41x, Kossan trades at 27x while Riverstone trades at 13x despite commanding similar or super ROE/ROIC.
Saw that the Chairman and CEO also did some buybacks at around 71c. Checked against the history of the company since IPO and this appears to be the first time. During 08 crisis, the management mostly exercised their options/warrants which again is a pledge of confidence in the company' s future.
As mentioned previously, all indusry tailwinds are in their favour - strong USD/MYR, cheap raw materials cost due to oil price crash and most importantly a ramp up in utilisation of their increased capacity to meet the global demand for healthcare gloves and medical consumables.
As mentioned previously, all indusry tailwinds are in their favour - strong USD/MYR, cheap raw materials cost due to oil price crash and most importantly a ramp up in utilisation of their increased capacity to meet the global demand for healthcare gloves and medical consumables.
The main reason think is bbs not collected enough and some shortists trying to use opportunities to short it. Will not be ling before it goes up. I think this epidemic is more serious also teaches people to be hygenic and learn a habit to wear masks and gloves. Good demand going forward. Dyodd
Strong demand, favourable US -Ringgit exchange rate, low raw material for rubber glove. Why keep falling? No reason
Maller ( Date: 21-Mar-2020 07:31) Posted:
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Huat arr.. think their manufacturing not shutting down in malaysia.
see CNA news: at least 21 listed companies...
On the other hand, some businesses have been allowed to continue operations as they fall under the scope of essential services....
Mainboard-listed glove maker Riverstone Holdings told CNA: &ldquo The manufacturing of medical gloves and face masks has been deemed by the authorities as an essential industry....dyodd
Dyodd
see CNA news: at least 21 listed companies...
On the other hand, some businesses have been allowed to continue operations as they fall under the scope of essential services....
Mainboard-listed glove maker Riverstone Holdings told CNA: &ldquo The manufacturing of medical gloves and face masks has been deemed by the authorities as an essential industry....dyodd
Dyodd
Good set of results from Top Glove should see it reflecting positively across the sector, hopefully soon
DROPS SO MUCH
Good news!!
Seems like the glove manufacturers continue to ramp up production - not affected by the shutdown in Malaysia.
" The Malaysian Rubber Glove Manufacturers Association (MARGMA) said it is the duty of the industry to further increase the output of protective medical gloves for the healthcare industry and individuals seeking to avoid cross-transmission of the virus."
https://themalaysianreserve.com/2020/03/18/163673glove-manufacturers-ramp-up-production-to-cater-to-demand-beyond-asia/
Top Glove & UG Health recovered well . Riverstone ?