sabar dulu ...geng aku dari gloves baru nak start beli. kalau boleh turun lagi sampai 50sen... tolong jangan naik cepat

Australia has picked the right COVID-19 vaccine, says Dr Anthony Fauci

Agree wif u wif the calculated risk. must take risk, move forward , turnaround the portfolio if somethgy go against it.

hve more positions in comfort. supermax n top glove first part of news lady out...expectation is number of shares increase tremendously...not good...bonus issue will dilute the earnings

dont be suprise.. it will go up all the way till u don't believe it. my prediction above rm11

hold it tight tight until the results out. show time or bursa

hoping to drop to rm6. please wait n dont buy now. keep on waiting.

sold all comfort.

take profit. buy bursa

take some profit from top glove. swap to bursa for expected dividend 20cts.

harta n gloves is always in my heart. switch to bursa. sky is the limit for bursa

another rm9 billion trading value today. break record high. buy bursa

sold all texchem. temporary exit. swap to bursa. awaiting for announcement .breaking record high for this quarter with higher trading value an volume every day for the past 3 months.

sold some hartalega for safety. buy bursa

higher trading value n volume for bursa. use dividend capture method for entering bursa.

clear some again..swap to bursa

is coming soon..

All into bursa. Expected the result is good plus coming dividend

sold all comfort and switched to bursa for a higher profit. stop awhile first on the glove counter n swap and trying to accumulate on the weakness

took some profit and switch to bursa. The qtr report is going to be good with higher trading velocity which recorded more than 5 billion on the trading volume. expected to declare higher dividend and using dividend capture method to ride along the profit

gooooooooooooooooooooooooooo

https://www.youtube.com/watch?v=2eezhlhNSWk&feature=youtu.be

https://www.youtube.com/watch?v=2eezhlhNSWk&feature=youtu.be

World Third Largest Glove Maker is Massively Undervalued
Sri Trang Agro has spun-off its Glove unit and the new IPO will begin trading next Thursday. With this IPO Sri Trang Agro will reduce its stake in its Glove unit from 73% to 50.7% raising 14.9billion baht or about S$671m. This means that at IPO price of 34 baht, Sri Trang Glove will be valued at around 66.81b baht or S$3b.
For the world's third largest glove maker with an annual production capacity of 32.6b, a valuation of $3b represents a massive discount to its peers. Top Glove and Hartalega still command market capitalisation of S$13.2b and S$13.18b respectively even after recent price retracement.

How to make note of next week Glove unit IPO?
At S$1.28, Sri Trang Agro is trading at market capitalisation of S$1.966b.
At IPO price of 34 baht
Sri Trang Agro&rsquo s 50.7% stake in its glove unit will be valued at S$1.521b.
In addition, it will receive proceeds of S$671m from the IPO.
Just these 2 parts alone is worth $2.192b and already exceed its current market capitalisation. We have not even include is main rubber business.

Will the IPO only open at 34 baht?
As I have mentioned earlier, the IPO valuation is only around S$3b which is a massive discount to its peers. For a conservative estimate, I would expect the trading price to be at least 50% higher next week, which will bring the market capitalization of the glove unit to S$4.5b. This means that Sri Trang Agro stake in the glove unit will be valued at S$2.28b.
If I take only into account my estimated glove unit valuation and cash received from next week IPO, total worth should be S$2.951b. Translate it to per share, the value is S$1.92. And this is excluding its main rubber business. I skip the rubber business because I do not have a basis on how to value it accurately.
Next week Sri Trang Glove IPO should unlock the value of STA assets and expect the price to shoot up after IPO given the degree of under-valuation to its peers.

I personally expect at least a target of 1.92 SGD which is probably just the value of its stake in the glove unit and cash proceeds from Glove unit IPO and excluding its main rubber business.

Thai medical glove maker raises $482m in IPO to expand production

from riverstone's bosses positive feedback on the glove industry, try to imagine how much can superman can fly. just imagine...

Question 4:
Reply:
Is the glove factory run on a 24-hour shift during pre and post COVID-19?
Why the expansion of new factory keep on delaying?
Malaysia operations continue to operate 24 hours a day for 7 days a week as
usual during the Movement Control Orders (“MCO”) under essential services.
Delay in expansion was due to MCO as our vendors/ builders are not allowed to
operate during MCO. However, the new lines are going to be commissioned in
3Q2020 and 4Q2020.
Question 5:
Reply:
During current pandemic, is Riverstone increase it Average Selling Price on
monthly basic, just like it peer?
The Group has adjusted ASP upwards on monthly basis based on market
conditions.
Question 6:
Reply:
What is the growth projection in forward 2 years?
What is the % ASP incremental for clean room and healthcare gloves in Q2 and
Q3?
Preliminary growth projection in term of volume is expected to increase by 10%
to 15% annually while ASP is expected to increase by 5% in 2Q2020 and 10% in
3Q2020.
Question 7:
Reply:
 What is the forecast % of net profit for the whole year of 2020?
 What is the Finance Contingency Plan in the event of Covid-19 case over &
glove demand drop?
By reference to the 1Q2020 business update announcement, net profit margin
had increased by 54.3%. The Group has long term relationship with customer
that take up majority of the orders and diversification that cover cleanroom
gloves, healthcare gloves, food industry and industrial gloves, the Company is
optimistic to achieve favourable performance in FY2020.
Question 8:  What is the current utilization rate of production capacity (latest May2020)?
 Is the group exploring measures to convert clean room gloves into
manufacturing medical gloves?
APPENDIX TO MINUTES OF AGM
Page 3 of 3
Questions pre-submitted by shareholders
Reply:
 Will there be any further adjustments to the average selling price in the
coming months?
The current utilisation rate is 95%. While production priority is given to cleanroom
gloves, the Company’s production lines are interchangeable production lines that
can switch between manufacturing cleanroom and healthcare gloves readily
based on market demand.
Based on market conditions, we believe there will be further upward adjustment
to the ASP.
Question 9:
Reply:
 Will your expansion plans carry out as such in this uncertain period?
 What do you think are some key risks that the company may face apart from
raw material prices, profit margin fluctuations etc.?
 Lastly, at what operational capacity are you currently at now?
The current utilisation rate has reached 95%. We would continue to carry out
expansion plans to ease congestion.
Macroeconomic headwinds such as US Dollar fluctuations as well as competition
from other glove manufacturers continue to remain challenging for the Group.

RIVERSTONE HOLDINGS LIMITED
(Company Registration Number 200510666D)
(Incorporated In the Republic of Singapore)
______________________________________________________________________________
ANNUAL GENERAL MEETING (“AGM”) HELD ON 3 JUNE 2020 AT 2.00 P.M. BY ELECTRONIC
MEANS THROUGH LIVE WEBCAST VIA AUDIO-VISUAL OR AUDIO ONLY
Response to questions submitted by shareholders after 26 May 2020 and prior to AGM
Questions pre-submitted by shareholders
Question 1:
Reply:
 What percentage of current production is for clean room gloves?
 What is the percentage of contribution of clean room gloves to the total
revenue of RM988 million in 2019? What is the current percentage revenue
contribution for clean room gloves now?
 What are the gross profit margins for clean room gloves?
 What are the margins for the healthcare gloves?
 Going forward do you see the clean room/health care glove product mix
changing?
The current production from cleanroom gloves is 15% of volume with
approximately 26% revenue contribution in 2019. Profit margin for cleanroom
gloves is approximately three times compared to healthcare gloves in 2019.
We believe the product mix would remain unchanged at 15% for cleanroom
gloves and 85% for healthcare gloves.
Question 2:
Reply:
 What are the quantity number of gloves sold in pieces for 1 Oct - 31 Dec
2019 vs 1 Jan- 31 March 2020?
 What are the expected number of gloves to be sold for coming 2 quarters i.e.
Q2 & Q3 2020?
 Are there any capacity expansion for Quarter 3 & 4 this year 2020? If so, is
it for the Healthcare & Food Grade segment.
 As we know, there is a 5-10% increase for the average selling price of gloves
for the 2nd Quarter. Will there be any downside revision of ASP for gloves
moving forward into coming quarters i.e. Q3 & Q4. Or is there any pressure
to revise downwards the prices of Healthcare & Food Grade gloves.
 Is there a drop in demand for Cleanroom Gloves at current point of time?
 Can the company include the following figures in future reporting, quarterly
update or half yearly report:
o the number of gloves sold by segment i.e. Cleanroom & Healthcare,
Current Quarter Period vs Same Quarter Period Last Year in
Quantity (Pieces)
the average selling price of each segmental gloves i.e. Cleanroom
vs Healthcare vs Food Grade vs etc.
Quantity of gloves sold in 4Q2019 was 2.1 billion and 2.3 billion of gloves were
sold in 1Q2020. Number of gloves expected to be sold in 2Q2020 is 2.3 billion
and the Company expects to sell 2.5 billion gloves in 3Q2020. Production
capacity expansion consists of 1 single and 2 double lines in 3Q2020 and another
2 double lines in 4Q2020. Looking at the current situation, selling price of gloves
is expected to revise upwards.
There was an increase of approximately 10% in the sales quantity for cleanroom
gloves in 1Q2020.
APPENDIX TO MINUTES OF AGM
Page 2 of 3
Questions pre-submitted by shareholders
The product mix is 15% for cleanroom gloves and 85% for healthcare gloves.
Due to sensitivity of information, the Company could not disclose the average
selling price (“ASP”).
Question 3:
Reply:
 Will the US-China trade and tech war affect Riverstone's operation and glove
demand?
 What does management see as the main drivers for glove demand over the
next 3 years?
 Is the increase in demand sustainable after a vaccine or cure for Covid-19 is
found or are there other factors that will continue drive the demand for
Riverstone's rubber gloves?
Business is as usual despite the trade war between US and China.
Demand for gloves is expected to increase in the next 3 years by 10% for
cleanroom gloves and 8% for healthcare gloves.
Under normal situation, there will be an increase of 8% for healthcare gloves
annually for world glove consumption at the base of 300 billion. With the
Company’s good records in quality, delivery and cost control measures, coupled
with the long term relationship with customers, the Company is optimistic to
achieve sustainable growth

https://sginvestors.io/sgx/stock/ap4-riverstone/news-article

https://www.cnbc.com/2020/06/15/stock-market-futures-open-to-close-news.html

https://www.bloomberg.com/news/articles/2020-06-15/gloves-boom-during-virus-spawns-new-billionaires-in-malaysia?srnd=premium-asia&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_content=business&utm_medium=social&utm_source=facebook

https://www.bloomberg.com/news/articles/2020-06-15/gloves-boom-during-virus-spawns-new-billionaires-in-malaysia?srnd=premium-asia&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_content=business&utm_medium=social&utm_source=facebook

like ths government..perikatan is so much better than pakatan. when pakatan took the lead all counters dead. telekom from dive down from 6 to 2.80..but now is rm4.50

another 9 billion volume again. Wahid is the man. he can turn anythgy to gold. from Telekom to celcom to maybank to bursa...whenever he is there, the counter will flyyyyy.....

good

another food for thoughts.. accumulation by epf n kwap. hungry wolfs looking for more food

[MYEG] Notice of Interest of Substantial Shareholders - EMPLOYEES PROVIDENT FUND BOARD on 23-Apr-2020

--just thinking what has in their minds of EPF's direction?

sold half from the portfolio. make 50% profit

uptrend. in the limelight of the investors. still not too late to jump into the ship. let's sail together. more to come.

by comparison, ths ctr will move up more than we expected. Spotted rough diamond to be polished soon. edgenta is moving up by hell,another 30 cts. u all can c what AWC can offer? both r running on IFM business which is solid cash in business with legally government concession contract which is running for few years. no matter wht happens, they still need will provide facillities management . More provision n business will be much better than before. the CEO is knowing the business is intact . the more disease happens in ths world, the better for ths type of sector. no need to do sales, ppl will call in to clean the premises. will never go wrong. just buy n close ur eyes, let's judge the price at the end of the year. Good luck

delay dividend. qtr is going to be bad.

anyone knows the door gift for this coming AGM?

kyy is helping to teach us how to buy stocks. really grateful to hve him as a sifu. a good person like him will hve good karma..really appreciate uncle koon

big rush from ipoh funds before its too late

check it out for airasia for another round of upside b4 announcement

nagacorp reported all time high on their earnings and declared usd2.9cts dividend. n u will check the chart with tht. at ths price, genting is way too cheap. PE less than 10. whtelse can we ask? at this price, is a steal

https://weechookeong.com/2018/12/13/enough-is-enough-with-hidden-charge/

https://weechookeong.com/2019/01/08/now-everyone-can-know-the-truth/

need big pay to develop the QR code for everyone somethg similar to wechat or alipay n link it directly to all the digital stuffs. so that they r ready to get their big pay listed...n then will go all the way up. no turning back

Esme Law.. no1.. Tony listened to her ..save for rainy days.