InvestIdeas

Does any1 else has this stock under their radar??
Think its newly opened Wuxi plant will contribute strong streams of revenue to its bottomline.
I've no vested interests yet but has this in mind.

Not vested.

Hi Lena,

The following are the Target Price that I have:-
1) Phillips 0.6 Feb 27 from 0.48 Nov15 from 0.51 Aug 16
2) Kim Eng 0.62 Apr 25 & Apr 17

Take care,
Winston

Hi Winston
Your efforts for this forum are juz simply marvellous.
Can't believe this smallish counter is also in your list.
Thanks a million.

yes, W's contributions have been instrumental in building a community here indeed...

Don't like that lah. Afterwards, my tail grow long

OK lah, Winston. U're helping us to grow money trees

Yesterday's SGX announcement :

The Board of Directors of Riverstone Holdings Limited (the "Company") and with its subsidiaries,
(the "Group") is pleased to announce that its wholly-owned subsidiary, Riverstone Resources Sdn
Bhd, has awarded a contract to a company in Malaysia to construct another new glove dipping line
at the factory located at Lot 54, No. 11, Jalan Jasmin 2, Kawasan Perindustrian Bukit Beruntung,
48300 Bukit Beruntung, Mukim Serendah, Daerah Hulu Selangor, Selangor Darul Ehsan.
Subject to any unforeseen circumstances, the construction of the new glove dipping line is
expected to be completed by November 2008. When completed, the Group’s annual production
capacity is expected to increase by 60 million to 900 million gloves.
The above transaction was entered into in the ordinary course of business of the Group and will
be financed mainly from the IPO proceeds.
The above transaction is not expected to have any significant impact on the financial performance
of the Group for the financial year ending 31 December 2008.

Not vested. From Phillips:-

Riverstone Holdings Ltd – Re-initiation (Magdalene Choong)
Recommendation: BUY
Previous close: S$0.63
Fair Value: S$0.73

• Growing demand for nitrile and latex gloves from the semiconductor and medical industries.
• Shift in preference from nitrile gloves to latex gloves.
• Opportunities for revenue growth in China.
• Firm has healthy balance sheet.

Not vested

RIVERSTONE - Singapore-listed Malaysian rubber glove maker Riverstone Holdings said its third-quarter net profit was flat at 9.9 million ringgit compared with a year ago, hit by a weaker U.S. dollar and higher raw material prices.

Its revenue rose 22 percent to 54.7 million ringgit due to strong demand for its cleanroom and healthcare gloves.

Source: Reuters

Not vested. From Kim Eng:-

Surge in EPS from capacity expansion.

EPS is expected to experience strong double‐digit growth in FY10 and FY11 with the additional capacity.

9M10 revenue of RM$161.5 and net profit of RM$30.1 have already exceeded that of
FY09.

However, Riverstone faces margin pressures from the depreciating US$.

http://www.remisiers.org/cms_images/ssu10112010ke.pdf