Highlights
SGX: Riverstone (AP4)       RIVERSTONE HOLDINGS LIMITED
Last Price Today's Change   Day's Range   Trading Volume
3.80   -0.13 (3.31%)  3.77 - 3.97  2,450

Technical Indicators

Date: Jan 22, 2019 Price: 1.10

Simple Moving Average
10 20 30 40 50 60 90 120 200 250
SMA 1.101 1.122 1.135 1.146 1.138 1.142 1.159 1.15 1.101 1.091
Variance -0.001 -0.022 -0.035 -0.046 -0.038 -0.042 -0.059 -0.05 -0.001 0.009
Variance(%) 0% 2% 3% 4% 3% 4% 5% 4% 0% 1%
**Variance - Comparison between stock price and moving average.
Exponential Moving Average
10 20 30 40 50 60 90 120 200 250
EMA 1.107 1.119 1.128 1.131 1.135 1.139 1.134 1.13 1.114 1.108
Variance -0.007 -0.019 -0.028 -0.031 -0.035 -0.039 -0.034 -0.03 -0.014 -0.008
Variance(%) 1% 2% 2% 3% 3% 3% 3% 3% 1% 1%
**Variance - Comparison between stock price and moving average.
Relative Strength Index
9 14 25
RSI 40.00 26.316 41.463
**>70 is overbought while <30 is oversold.
William %R
9 14 25
%R -50.00% -83.334% -83.334%
**>-20 is overbought while <-80 is oversold.
Money Flow Index
9 14 25
MFI 24.872 16.763 21.049
**>80 is overbought while <20 is oversold.
Rate of Change
21 63 125 250
ROC -1.786% -8.333% 0.917% 1.852%
**>8% is overbought while <-8% is oversold.
Percentage Price Oscillator
5,35,5 12,26,9
PPO -2.476 -1.246
Signal -2.647 -1.089
Variance 0.171 -0.157
Variance(%) 6% 14%
**Variance - Comparison between PPO and signal line.
Moving Average Convergence-Divergence
5,35,5 12,26,9
MACD -0.028 -0.014
Signal -0.03 -0.012
Variance 0.002 -0.002
Variance(%) 7% 17%
**Variance - Comparison between MACD and signal line.
Stochastic Oscillator (Fast)
14,3 18,9
%K 16.667 16.667
%D 19.445 12.963
**%D >80 is overbought while %D <20 is oversold.
Stochastic Oscillator (Slow)
14,3 18,9
%K 19.445 12.963
%D 18.519 22.306
**%D >80 is overbought while %D <20 is oversold.

  2 people like this.
 
tongtong http://valueveins.blogspot.my/2017/01/mining-value-in-glove-manufacturers-1.html
12/01/2017 4:20 PM
chiongster1234 i'm back!
13/02/2017 9:20 PM
chiongster1234 just wonder the management how to handle New Levy policy called EMC which would make employers responsible for bearing the cost of the foreign worker levy rather than the foreign work themselves.
14/02/2017 7:55 PM
LanSeeBoy Sell b4 too late. Rubber px shootin up, nitrile px will follow ...
22/02/2017 11:08 PM
JonsCarniwal RIVERSTONE HOLDINGS LIMITED level are positive now
23/02/2017 3:16 PM
05/05/2017 11:47 AM
chiongster1234 Better than cpf return, cukup.
12/05/2017 1:26 PM
susansgxtrader Shares of Riverstone Holdings Ltd/Singapore (AP4.SI) is moving on volatility today 5.94% or 0.06 rom the open. The SES listed company saw a recent bid of 1.070 on 1690000 volume.

Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year. The tricky part is prognosticating the short term picture. Investors may not be comfortable enough to go all in, but they may not want to get bearish given the solid economic backdrop. Will there be a big breakout given the strength of earnings and economic growth? Will investors just become numb to the headlines and decide to focus on the positive economic picture? It is always wise to remember that the market can have a correction at any time for any reason. If the political landscape gets even more dysfunctional, then it may be enough of a driver to spur a correction.

more info - http://sgx-nifty.blogspot.in/p/sgx-malaysia-uae-free-trial-form.html
24/05/2017 8:04 PM
Kpin Yeoh I cut and paste one of the posting in Topgloves

"Hi All, for those miss out the glove counter share price rally, look beyond Bursa exchange. Study on this Riverstone glove maker (SGP exchange), small/med cap, but highly efficient or equal to Hartalega. This remind me on last 7yrs when Hartalega is a small glove company, unspotted and below investor radar below RM500mil company, but now super powerful, now worth RM 18bil company.

Riverstone 3Q17 net profit RM34.3mil (+26.8% QoQ ), zero debts company, net cash position RM112.4mil, ROE 20.7% growth annually (avg 5yr), divident payout ratio 40% - 45% annually, Gross profit margin 27%, net profit margin 18.7%.

In term of plant expansion, glove output increase additional +1.4bil pcs, start commission & fully operate by Q4'17 (Phase 4). This raise additional capacity of 22.5% + full operate on Q4'17, boost net profit earning to RM40 - RM42mil. Expected Q4'17 EPS is raise to 5.3sen ~ 5.6sen. push up TP conservatively to $1.25 based on forward PE 17 (deep discount vs Hartalega forward PE 40).
21/12/2017 10:58 AM
Kpin Yeoh Riverstone annual projected expansion production capacity for gloves

Year bil pcs
2013 3.1
2014 4.2
2015 5.2
2016 6.2
2017 7.6
2018 9.0
2019 10.4

Consider another good point below:
Revenue increased 12.5% yoy from RM167.0 million for 3QFY2016 to RM187.8 million for 3QFY2017
Net profit increased 15.1% yoy from RM29.8 million for 3QFY2016 to RM34.3 million for 3QFY2017
Continues to generate positive operating free cash flow of RM58.8 million for 3QFY2017
Net cash position of RM112.4 million
21/12/2017 1:32 PM
chiongster1234 limit up
02/01/2018 8:46 PM
chiongster1234 top glove increased one dollar already
02/01/2018 8:47 PM
alibabacoming under value hamtam kuat kuat
11/04/2018 3:50 PM
ronald118 hamtam once a year...
20/03/2019 12:54 PM
qps999 Good for me..in its very slow move clear my slot yesterday as Money Life Research suggested tgt 1.12 hit it...any way not met with loss la.
23/03/2019 2:39 PM
qps999 gd ..as money life research suggested tgt hit la.
06/04/2019 5:18 PM
joelim17 Malaysia Loosens Lockdown Rules to Meet Soaring Global Glove Demand

https://www.voanews.com/science-health/coronavirus-outbreak/malaysia-loosens-lockdown-rules-meet-soaring-global-glove
11/04/2020 10:58 PM
tradeview Very strong movement today. Surge past our FV $2.00. A further update write up since our earlier article calling Riverstone.

https://sgx.i3investor.com/blogs/Tradeview/2020-05-26-story-h48791514-_Tradeview_2020_Historic_Pandemic_Glove_Rally_Riverstone_Holdings_Ltd_AP0.jsp
26/05/2020 7:44 PM
bryan2003 If you guys do a deep research on UG Healthcare (Malaysia’s company listed in Singapore), you guys will realize that it is quite similar to Malaysia listed Supermax and Top Glove. The reason Supermax and Top Glove up alot since Supermax release their quarter report is because these 2 companies are distributing their own brand of glove which lead to higher profit margin. You guys can understand further from the video as per below link. After watching, you guys can go read UG's report and you guys will realize that UG has their own distribution center at China, Nigeria, UK, German, US and Brazil. Despite UG didnt own 100% of share of these companies, but definitely it helps UG to have better profit. Also, these coutries are badly affected by Covid-19.

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-28-story-h15...

Also, not to neglect that Ug Healthcare German is also selling mask, PPE, disinfection, protective clothes etc. All these products are high demand product during this Covid-19. Please refer to the link to understand better.

Besides, UG Healthcare Nigeria is also very interesting distribution center as it is selling the similar products that UG Healthcare German is selling but on top of that, it is also selling infra-red thermometer which is also high demand. Please refer to the link below.

https://www.unimedicalhealthcare.com/aboutus.html

The link below will enable you to understand better about Uniglove UK. Even though it is old news but it definitely will be benefited during this pandemic as it is Europe’s first antimicrobial nitrile glove.

https://www.hsmsearch.com/page_960209.asp

https://www.buildingbetterhealthcare.com/news/article_page/Two_firms_join_forces_to_create_Europes_first_antimicrobial_nitrile_examination_gloves/138274

https://unigloves.co.uk/fortified-biocote-antimicrobial-gloves

https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-29-story-h1507893312-EU_plans_permanent_stockpile_of_essential_drugs_medical_gear.jsp

If we do comparison between Rubberex Malaysia and UG Healthcare. UG healthcare is lagging behind.
Rubberex market cap = (rm3.56/3.06) * 252195617 = SGD 293,404,051
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

UG yearly capacity is around 3B where Rubberex only 2B.

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(293404051 (Rubberex’s market cap) * 3B (UG’s capacity)) / 2b (Rubberex’s market cap) = 214685891

UG’s potential share price = 214685891 / 196092856 (no of UG’s issued share)= SGD 1.09

If we do comparison between Careplus Malaysia and UG Healthcare. UG healthcare is also lagging behind.
Careplus market cap = (rm1.40/3.06) * 531,359,799 = SGD 243,105,790
UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642

So if we use production capacity ratio to market cap as below calculation. UG should worth SGD
(243105790 (careplus’ market cap) * 3B (UG’s capacity)) / 4.1B (careplus’ capacity) = 177882285.4

UG’s potential share price = 177882285.4 / 196092856 (no of UG’s issued share) = SGD 0.907

Even though careplus produce 1B pcs extra compared to UG healthcare, but UG healthcare will benefitted from it’s own brand of glove as well as it’s distribution centers in UK, Brazil and Nigeria are selling others PPE and tools which are badly needed during this pandemic.

If we use the method of one of the Malaysia’s famous investor to calculation the price per glove, UG healthcare is on 0.09 per glove which is much more cheaper compared to peers.




Even though the last quarter report seems like “poor”, but it was mainly affected by the production modification cost where the board has decided to on hold the modification in order to cope with the sudden spike of demand. Do take note that the modification at the end will benefit the group as well. UG has reported positive earning for the last 3 FY. In fact, increase of marketing expenses is good for the company in long run as once everyone know about “Uniglove”, the marketing expenses eventually will come back and profit will go up.

Most likely August report will have flying colour result.

Stay tuned!!!
01/06/2020 9:01 AM
Sami_Value very well position. I think Singapore portal alot more better. Less gamblers here, niamah Malaysia one, full with hantu judi

everyday shout huat ar, limit up limit up like no need to work

good choice to list at Singapore
17/06/2020 3:23 PM
tradeview Riverstone hit a new record high today at $2.65 before closing at $2.61. After weeks of consolidation with strong support at $2.30, there is definitely more upside. All 3 research house gave a TP of $3.12, I think it is a v fair TP.
30/06/2020 10:22 PM
bryan2003 Tradeview.

If supermax release a flying colour QR report, riverstone will likely have a flying colour report. Very soon we will not able to see riverstone below $3.
30/06/2020 10:50 PM
NinjaInPyjamas Cannot use supermax to compare as their business model is different.
30/06/2020 11:52 PM
NinjaInPyjamas i think there are more similar to Hartalega as both as the leading gross margin company in the world. Just that i cannot figure out what is the main raw material that constitutes their cost of good sold. Anyone?
30/06/2020 11:55 PM
tradeview I think Bryan is right as Riverstone do have their own brand as well although not as good as UG in terms of OBM %.

Ninja - I think the main raw material cost for Nitrile glove makers like Hartalega and Riverstone is Nitrile Butadiene Rubber (NBR) where price falls in tandem when crude oil price falls.
01/07/2020 6:08 PM
bryan2003 Most of the counters have posted good result and with riverstone production capacity which can on par with supermax. No way that riverstone is not making good profit in coming report. If use the 1st quarter EPS and assume without any growth in term of net profit. The share price is worth more than $3.50. But it is impossible without any growth for the revenue and profit as 1st quarter is refer to Jan till Mar and these 3 months are not the peak yet. More to comeeeeeeeeeeeeee.
01/07/2020 10:37 PM
bryan2003 As mentioned earlier, UG Healthcare has same business model as Supermax. Both of these company are OBM and have their own distribution center at different countries.

Below link is an article produced by a famous investor in Malaysia. We can use the similar method to apply on UG Healthcare.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-01-story-h150...

There is very high possibility that UG has very good first half result as the share price going up non stop.

Coincidently that all their distribution centers are located at the countries that badly affected by Covid-19 such as Brazil, US, German and Nigeria.

If we search deeper, the direction of the company seems like toward a one stop solution model. If we google Uniglove Germany or Uniglove Nigeria, we can see that these distribution centers are selling glove, mask, disinfection under it's own brand - Uniglove. Please read the links below.

https://unigloves.de/30yearsEN/#0...

https://www.unimedicalhealthcare.com/...

Not to neglected that Uniglove UK is also selling antimicrobial glove which is high demand for this pandemic as this glove can kill gems. So far in the market, only Hartalega which listed in Bursa Malaysia produces antimicrobial glove in large scale. In short, UG healthcare will be benefitted as UK is one of the country that badly impacted by Covid-19.

In conclusion, UG overall business will be benefitted as many of the product they are selling are high demand during this pandemic.
01/07/2020 10:37 PM
tradeview Agreed
02/07/2020 3:27 PM
NinjaInPyjamas I agree on better profit of course for Riverstone & UG no doubt. I expect RM316 million revenue & RM70 million net profit for Riverstone.
For UG, i really cannot get enough info on their ASP and OBM% that we are able to forecast from April-June quarter. I got info that their distribution centre/division can order gloves from Topglov/Harta or other manufacturers to OEM. So it is more complicated. Interesting...
05/07/2020 6:06 PM
bryan2003 The famous investor cum tychoon in Malaysia just posted a blog as below link.

https://klse.i3investor.com/blogs/koonyewyinblog/

So what about UG Healthcare which is OBM (Unigloves) and also have distribution centers at US, UK, German, Brazil and Nigeria? Besides glove, there are selling PPE and other healthcare products which are high demand during pandemic.
08/07/2020 1:46 PM
up88up anyone know when is the Qtr2 report out?
08/07/2020 1:50 PM
eunice 1155 anyone know when is the Qtr2 report out? last year 2nd qtr on 7th Aug 2019
08/07/2020 4:15 PM
calvintaneng BEST KEPT SECRET PROXY STOCK TO TOPGLOVE, SUPERMAX, KOSSAN, HARTA , COMFORT, RIVERSTONE, UG HEALTHCARE, SRI TRANG BULL RUN

TEXCHEM (8702) KLSE

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-10-story-h1509833698-BEST_KEPT_SECRET_PROXY_STOCK_TO_TOPGLOVE_SUPERMAX_KOSSAN_HARTA_COMFORT_.jsp
10/07/2020 10:50 AM
bryan2003 Is the situation of UG similar to what have mentioned in the link below?

https://klse.i3investor.com/blogs/koonyewyinblog/

Even the movement of the share price????

Happy weekend..
10/07/2020 4:31 PM
PureBULL ... TOPGLOVE is # 1 most valuable glove plc now

https://klse.i3investor.com/blogs/purebull/2020-07-11-story-h1509858644-TOPGLOV_is_1_most_valuable_glove_plc_now.jsp
11/07/2020 3:28 AM
calvintaneng ESCERAMIC & HLT

GLOVE SUPPORTING INDUSTRIES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-14-story-h1510517960-ES_CERAMIC_BY_SHARETISFY_Reposted_here_in_i3_Forum_Calvin_comments.jsp
14/07/2020 9:25 AM
calvintaneng https://www.youtube.com/watch?v=1-uH0KmgU_o
14/07/2020 9:32 AM
calvintaneng TOP GLOVE EXPANSION FOR TWO YEARS

10 NEW FACTORIES

SUPERMAX

4 NEW FACTORIES

KOSSAN

BOUGHT ADJOINING LAND FROM CBIP TO START GLOVE MANUFACTURES IMMEDIATELY

SRI TRANG THAILAND IPO FOR EXPANSION

RUBBEREX NEW 1 BILLION EXAM GLOVES

ALL NEED MORE

1) HAND MOLDS FROM ES_CERAMIC
https://www.youtube.com/watch?v=1-uH0KmgU_o

2) GLOVE HAND DIPPER LINES FROM HLT GLOBAL
https://www.hladvance.com/gloves-dipping-technology
14/07/2020 10:04 AM
calvintaneng IN MALAYSIA SUPERMAX & TOPGLOVE ANNOUNCED BONUS ISSUES

HLT (0188) MIGHT ALSO JOIN IN GIVING BONUS ISSUES ALSO

BUY HLT AT 69 SEN BEFORE BONUS ISSUES

RIVERSTONE IS A CUSTOMER OF HLT

SEE HLT IPO

https://www.youtube.com/watch?v=DQbFN5KwD1w
21/07/2020 10:13 PM
Sami_Value the vaccine news & force labour issue faced by TG gonna stay another 1 week at least. The next surge should be when the TG annnounce the detention cleared, estimated around 6-7 tradings day provided no further flaming on the vaccine.
22/07/2020 11:04 PM
calvintaneng WHY THE GLOVE BULL RUN IS STILL SOLID AND SEE 4 SMALLER GLOVE PLAYERS HLT GLOBAL, CAREPLUS, RUBBEREX & COMFORT GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-23-story-h1510691620-WHY_THE_GLOVE_BULL_RUN_IS_STILL_SOLID_AND_SEE_4_SMALLER_GLOVE_PLAYERS_H.jsp
23/07/2020 1:46 AM
calvintaneng calvintaneng

Keep in mind (Reposted from Hlt Forum (Stock quote 0188) KLSE

MALAYSIA HAS ONLY 8 LISTED RUBBER GLOVE PLAYERS

4 MAJOR ONES CROSSED RM15 TO RM27 HIGH UP THE SKY IN PRICES

TWO MORE NOT CHEAP AS RUBBEREX CAPPED BY NEW OWNER & COMFORT OVER RM4.00

SO?

SO ONLY 2 GENUINE MEDICAL EXAM GLOVE STOCKS LEFT

CAREPLUS & HLT (HL RUBBER)

ONLY 2 LEFT AND NO MORE

AND SINCE THEY ARE BOTH LAGGARDS THE POTENTIAL TO RISE IS GOOD

GET YOUR HANDS ON THEM AND HOLD TIGHTLY

ONCE LET GO YOU GOT NO MORE CHANCE TO OWN ANY CHEAP BARGAIN MEDICAL GLOVE STOCKS ANYMORE

REGARDS

CALVIN

AND MORE

HL RUBBER INDUSTRIES (0188) IS THE ONLY MEDICAL EXAM GLOVE STOCK STILL BELOW RM1 RINGGIT

IN USA CURRENCY ONE RINGGIT IS NOT EVEN US 25 SEN

IN ONLY WARREN BUFFET KNOWS

WHY?

ANSWER: BECAUSE MALAYSIA MEDICAL EXAM GLOVES IN HOT DEMAND WORLDWIDE

AND WARREN BUFFET LIKE STOCKS THAT SELL TO WHOLE WORLD LIKE COCA COLA, WRIGLEY CHEWING GUM & OTHERS.

YES HL RUBBER HAS A 7.8 BILLION MARKET
24/07/2020 9:34 AM
24/07/2020 9:57 AM
Sami_Value this month they are not announcing Qr. Their Qr is semi-annually. All the TP hits, gonna revised upward again

Malaysia 4 heavenly kings keeps on breaching new high
27/07/2020 9:41 PM
calvintaneng 4 heavenly Kings now too rich in valuation so it won't go double or triple anymore

Maximum up side will be another 50% to 80% at most

When Supermax was Rm1.73 we bought in. Now over Rm18.00 already Up a Whopping 1,000%

Best buy now is Careplus (0163) at Rm3.30

Careplus will expand by converting its warehouse to more glove lines. Plus it bought a Budget Hotel in Negeri Sembilan to convert it into Workers' hotel

Being able to avoid Topglove bad publicity due to labour issues it has wisely bought a nice facility to create a good image for foreign media

PLUS IT HAS EXPANSION IN BRAZIL

Now with

4 Billion Medical Gloves

6 Billion by year end

8 billion by end 2021

ITS LOCATION IN SENAWANG, N SEMBILAN IS PERFECT. VERY NEAR SEPANG INTERNATIONAL AIRPORT WHICH IT CAN EXPORT ITS GLOVES WORLD WIDE

CAREPLUS WILL BE ANOTHER SUPERMAX IN POWERING UP

CAREPLUS = RUNNING AS FAST AS A CHEETAH

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-27-story-h1510755264-CAREPLUS_THE_POWER_OF_CHEETAH_UNLEASHED_BY_EXPLOSIVE_PROFITS_Calvin_Tan.jsp
30/07/2020 12:55 AM
tradeview Riverstone Results did not disappoint. More to come.

https://sgx.i3investor.com/blogs/Tradeview/2020-08-05-story-h48815757-_Tradeview_2020_Riverstone_Holdings_Ltd_AP04_Q2_Results_Commentaries_Noth.jsp
05/08/2020 11:06 PM
tanhengjin TO B HONEST STILL CHEAP. BUY AND SEE AT OWN RISK. 2H will SOON REACH SGD 5.
STILL WAITING RESEARCH HOUSE TO DO ANALYSIS
06/08/2020 1:53 PM
katappa it still moved up
07/08/2020 6:11 PM
calvintaneng These are the 3 Super growth glove stocks of Malaysia

1. Supermax. Profit jumped by 2,500%

2. Careplus ....faster than a Cheetah

3. Hlt. This one with latest cutting edge tech of Tripple Former Dipper liners will expand to 5.3 billion high quality medical exam gloves
Can expect Hlt to grow by leaps and bounds

And one more is disinfectant and sanitizer company of Malaysia called Ancom ((4758)

Will announce free warrant today
12/08/2020 6:24 AM
stevenckheng singapore peng you, buy KLSE: GPACKET (0082)
12/08/2020 6:19 PM
joesephlim "Today's Food For Thought:
The Long Term view, the view from 30,000 feet, is the only way to make successful decisions.
Short-term views are presented to give market participants a feel for the current situation. It should be noted that strategic investment decisions should NOT be based on any short-term views. These views contain a lot of noise and will lead an investor into whipsaw action that tends to detract from the overall performance."
07/10/2020 10:07 AM


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