Riverstone Holdings Ltd

SGX (SGD): Riverstone (AP4)

Last Price

1.04

Today's Change

+0.01 (0.97%)

Day's Change

1.03 - 1.06

Trading Volume

3,550,200


3 people like this.

272 comment(s). Last comment by Value Investor Coo1eo 2022-06-12 14:36

Posted by chiongster1234 > 2018-01-02 20:47 | Report Abuse

top glove increased one dollar already

Posted by alibabacoming > 2018-04-11 15:50 | Report Abuse

under value hamtam kuat kuat

Posted by ronald118 > 2019-03-20 12:54 | Report Abuse

hamtam once a year...

qps999

13 posts

Posted by qps999 > 2019-03-23 14:39 | Report Abuse

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.

qps999

13 posts

Posted by qps999 > 2019-04-06 17:18 | Report Abuse

gd ..as money life research suggested tgt hit la.

Posted by joelim17 > 2020-04-11 22:58 | Report Abuse

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

tradeview

11 posts

Posted by tradeview > 2020-05-26 19:44 | Report Abuse

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

bryan2003

34 posts

Posted by bryan2003 > 2020-06-01 09:01 | Report Abuse

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!!!

Posted by Sami_Value > 2020-06-17 15:23 | Report Abuse

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

tradeview

11 posts

Posted by tradeview > 2020-06-30 22:22 | Report Abuse

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.

bryan2003

34 posts

Posted by bryan2003 > 2020-06-30 22:50 | Report Abuse

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.

Posted by NinjaInPyjamas > 2020-06-30 23:52 | Report Abuse

Cannot use supermax to compare as their business model is different.

Posted by NinjaInPyjamas > 2020-06-30 23:55 | Report Abuse

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?

tradeview

11 posts

Posted by tradeview > 2020-07-01 18:08 | Report Abuse

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.

bryan2003

34 posts

Posted by bryan2003 > 2020-07-01 22:37 | Report Abuse

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.

bryan2003

34 posts

Posted by bryan2003 > 2020-07-01 22:37 | Report Abuse

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.

tradeview

11 posts

Posted by tradeview > 2020-07-02 15:27 | Report Abuse

Agreed

Posted by NinjaInPyjamas > 2020-07-05 18:06 | Report Abuse

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...

bryan2003

34 posts

Posted by bryan2003 > 2020-07-08 13:46 | Report Abuse

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.

up88up

2 posts

Posted by up88up > 2020-07-08 13:50 | Report Abuse

anyone know when is the Qtr2 report out?

Posted by eunice 1155 > 2020-07-08 16:15 | Report Abuse

anyone know when is the Qtr2 report out? last year 2nd qtr on 7th Aug 2019

Posted by calvintaneng > 2020-07-10 10:50 | Report Abuse

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

bryan2003

34 posts

Posted by bryan2003 > 2020-07-10 16:31 | Report Abuse

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..

Posted by calvintaneng > 2020-07-14 10:04 | Report Abuse

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

Posted by calvintaneng > 2020-07-21 22:13 | Report Abuse

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

Posted by Sami_Value > 2020-07-22 23:04 | Report Abuse

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.

Posted by calvintaneng > 2020-07-23 01:46 | Report Abuse

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

Posted by calvintaneng > 2020-07-24 09:57 | Report Abuse

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

Posted by Sami_Value > 2020-07-27 21:41 | Report Abuse

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

Posted by calvintaneng > 2020-07-30 00:55 | Report Abuse

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

Posted by tanhengjin > 2020-08-06 13:53 | Report Abuse

TO B HONEST STILL CHEAP. BUY AND SEE AT OWN RISK. 2H will SOON REACH SGD 5.
STILL WAITING RESEARCH HOUSE TO DO ANALYSIS

katappa

1 posts

Posted by katappa > 2020-08-07 18:11 | Report Abuse

it still moved up

Posted by calvintaneng > 2020-08-12 06:24 | Report Abuse

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

Posted by stevenckheng > 2020-08-12 18:19 | Report Abuse

singapore peng you, buy KLSE: GPACKET (0082)

Posted by joesephlim > 2020-10-07 10:07 | Report Abuse

"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."

ccc5197

19 posts

Posted by ccc5197 > 2020-11-09 12:27 | Report Abuse

Why riverstone drop so much today?

Posted by highlander33 > 2020-11-09 19:01 | Report Abuse

It's ex bonus ( 1 for 1) today.

Riverstone share price closed among the best for glove counters today.
$1.96 ... up almost 6% from Friday close of $1.85 ($3.70 / 2).

wklong4

1 posts

Posted by wklong4 > 2020-11-10 12:13 | Report Abuse

Hi all, for the bonus issue 1:1 will automatically credit to our system ? I'm not sure how Maybank Kim Eng Pre-funded account works. Im new to SGX rules and also first time to trade in SGX. Please guide me ?

Posted by siewkien82 > 2020-11-12 17:27 | Report Abuse

me too. Anything I need to do to get the bonus issue 1:1?

Peace99

2 posts

Posted by Peace99 > 2021-03-02 21:22 | Report Abuse

Hmm, ppl seem not excited with 20sen(6.5cents, nearly 5%) dividend! Think More dividend can be expected in coming months!

thteh

3 posts

Posted by thteh > 2021-03-10 17:20 | Report Abuse

Anyone have idea when is the ex-date for the 20 sen dividend. I can't find it in the report.

Peace99

2 posts

Posted by Peace99 > 2021-04-10 12:04 | Report Abuse

Ex-date 30 April, final dividend 16sen final dividend 4sen, total 20sen!

Posted by HK_Wealth_Management > 2022-04-27 13:54 | Report Abuse

Most of the Europe country request resume natural gas supply from Russia in private as they can afford country daily operation without normal natural gas supply, Russia plan to increase military force to invade Ukraine recently without negotiation, Beijing full lock down confirm, all news from China insider govement.

Posted by HK_Wealth_Management > 2022-04-27 15:25 | Report Abuse

Acquisition of Ruberex price may be RM1

Posted by HK_Wealth_Management > 2022-04-28 09:23 | Report Abuse

Riverstone and Ruberex new announcement in next two week

Posted by Value Investor Coo1eo > 2022-06-12 14:36 | Report Abuse

what is the news with Ruberrex

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