Riverstone Holdings

Boss Wong jeep another 300lots today for total 4 days in a row this week.

I be #follow buying more tomorrow.

technically still bearish and havent gone past 20day MA yet but dont say I bojio

#Riverstone#Diamond Gloves

(16-12-2021, 05:35 PM)BlueKelah Wrote: Boss Wong jeep another 300lots today for total 4 days in a row this week.

I be #follow buying more tomorrow.

technically still bearish and havent gone past 20day MA yet but dont say I bojio

#Riverstone#Diamond Gloves

hi BlueKelah,
Just a gentle reminder that "technicals" are not really welcomed on VB.com. Some of the other stuff in your post are considered "noise" as well (in specuvestor's terms)

Moderator

(17-12-2021, 08:23 AM)weijian Wrote:

(16-12-2021, 05:35 PM)BlueKelah Wrote: Boss Wong jeep another 300lots today for total 4 days in a row this week.

I be #follow buying more tomorrow.

technically still bearish and havent gone past 20day MA yet but dont say I bojio

#Riverstone#Diamond Gloves

hi BlueKelah,
Just a gentle reminder that "technicals" are not really welcomed on VB.com. Some of the other stuff in your post are considered "noise" as well (in specuvestor's terms)

Moderator

Whilst I am at core a fundamental value investor, I am at the moment being flexible and exploring to add some TA to "averaging down" on a falling stock.

For example RS had been "consolidating" well around $1.10-$1.20+ level after a big crash from $2+ post covid. Recently it has been further sold down by majority shareholder EPF, causing further share price drop to 60c levels. 

I dont want to have a big debate about TA vs FA but I am wondering if when buying into a crashing stock that has not much big fundamental change (basically its just dropping ASP prices affect bottom-line, which is still super profitable)  where there is no way to really gauge a bottom, would it be useful to apply some TA to the chart to better time accumulation buys, such that in addition to FA information, your risk of buying the "dropping knife" is much reduced.

Just like if a stock suddenly went up 100% and then started coming down without any big fundamental changes and you wanted to sell, I wonder other than putting trialling stops to protect your gains if you could use TA to help time profit taking.

(17-12-2021, 10:44 AM)BlueKelah Wrote:

(17-12-2021, 08:23 AM)weijian Wrote:

(16-12-2021, 05:35 PM)BlueKelah Wrote: Boss Wong jeep another 300lots today for total 4 days in a row this week.

I be #follow buying more tomorrow.

technically still bearish and havent gone past 20day MA yet but dont say I bojio

#Riverstone#Diamond Gloves

hi BlueKelah,
Just a gentle reminder that "technicals" are not really welcomed on VB.com. Some of the other stuff in your post are considered "noise" as well (in specuvestor's terms)

Moderator

Whilst I am at core a fundamental value investor, I am at the moment being flexible and exploring to add some TA to "averaging down" on a falling stock.

For example RS had been "consolidating" well around $1.10-$1.20+ level after a big crash from $2+ post covid. Recently it has been further sold down by majority shareholder EPF, causing further share price drop to 60c levels. 

I dont want to have a big debate about TA vs FA but I am wondering if when buying into a crashing stock that has not much big fundamental change (basically its just dropping ASP prices affect bottom-line, which is still super profitable)  where there is no way to really gauge a bottom, would it be useful to apply some TA to the chart to better time accumulation buys, such that in addition to FA information, your risk of buying the "dropping knife" is much reduced.

Just like if a stock suddenly went up 100% and then started coming down without any big fundamental changes and you wanted to sell, I wonder other than putting trialling stops to protect your gains if you could use TA to help time profit taking.

The average selling price of medical gloves appears to have come under severe pressure. Top Glove reported a sharp drop of more than 90% in profits. The saving grace for Riverstone is in its clean-room gloves.

(17-12-2021, 03:53 PM)Shiyi Wrote:

(17-12-2021, 10:44 AM)BlueKelah Wrote:

(17-12-2021, 08:23 AM)weijian Wrote:

(16-12-2021, 05:35 PM)BlueKelah Wrote: Boss Wong jeep another 300lots today for total 4 days in a row this week.

I be #follow buying more tomorrow.

technically still bearish and havent gone past 20day MA yet but dont say I bojio

#Riverstone#Diamond Gloves

hi BlueKelah,
Just a gentle reminder that "technicals" are not really welcomed on VB.com. Some of the other stuff in your post are considered "noise" as well (in specuvestor's terms)

Moderator

Whilst I am at core a fundamental value investor, I am at the moment being flexible and exploring to add some TA to "averaging down" on a falling stock.

For example RS had been "consolidating" well around $1.10-$1.20+ level after a big crash from $2+ post covid. Recently it has been further sold down by majority shareholder EPF, causing further share price drop to 60c levels. 

I dont want to have a big debate about TA vs FA but I am wondering if when buying into a crashing stock that has not much big fundamental change (basically its just dropping ASP prices affect bottom-line, which is still super profitable)  where there is no way to really gauge a bottom, would it be useful to apply some TA to the chart to better time accumulation buys, such that in addition to FA information, your risk of buying the "dropping knife" is much reduced.

Just like if a stock suddenly went up 100% and then started coming down without any big fundamental changes and you wanted to sell, I wonder other than putting trialling stops to protect your gains if you could use TA to help time profit taking.

The average selling price of medical gloves appears to have come under severe pressure. Top Glove reported a sharp drop of more than 90% in profits. The saving grace for Riverstone is in its clean-room gloves.

yes but as Top Glove boss said recently, he is seeing a moderation in the price drop to glove ASP. TG profit drop also compounded by them been banned by USA for the labor issue previously before the unban in september. 

Question now is that despite Omicron news, theres also been new treatment like recently announced pfizer tablet antiviral which is very effective covid treatment. 

So fundamentals aside is it really a time to be continuing to average down RS or to sit and observe the full impact of big healthcare glove price drop. 

Anyways not that it matter, no one here seems to care too much to add anything so I be on my merry way. 

cheers and have fun investing.

If you look at top glove result, 1st quarter 2022(end Nov 2021) is quite bad compared to 4q 2021( end Aug 2021).

Riverstone latest financial update is 3q 2021 which ends in Sept 2021. Hence most likely one get a better picture of Riverstone's performance in 4q 2021. My guess is probably you see a sharp deterioration in performance like top glove.

(18-12-2021, 09:14 PM)Behappyalways Wrote: If you look at top glove result, 1st quarter 2022(end Nov 2021) is quite bad compared to 4q 2021( end Aug 2021).

Riverstone latest financial update is 3q 2021 which ends in Sept 2021.  Hence most likely one get a better picture of Riverstone's performance in 4q 2021. My guess is probably you see a sharp deterioration in performance like top glove.

TG had their products ban from USA market till Sept. 10. I am sure even after the ban was lifted, it would take some time for them to resume exports to USA and also lost market share. RS doesnt have this problem.

So RS could possibly worse, unless ASP prices has spiked up again from Omicron fears, after all some European countries just announced new lockdowns this week. I tried to get ASP prices for gloves but its a paywal blocking me.

Boss has been buying hard all week as well so maybe he is seeing an inflection point.

There are too many Johnny comes lately....

https://www.theedgemarkets.com/article/c...er-profits

http://investideas.net/forum/viewtopic.p...&start=120

(20-12-2021, 08:40 AM)Behappyalways Wrote: There are too many Johnny comes lately....

https://www.theedgemarkets.com/article/c...er-profits

http://investideas.net/forum/viewtopic.p...&start=120

Yep thats why I like RS so much, they make cleanroom gloves which is a niche market supporting semicon and tech market which will boom for a few years more(good moat).

Its a segment they can continue to grow and supply without much competition unlike healthcare gloves where barrier to entry is much lower. I dont need them to grow a lot, so long they can maintain profits and be a cash cow for next 10 years i am happy.

**vested**

Yes the semiconductor industry is doing well. I would put my money in it than glove industry.

No vested in both though

https://m.youtube.com/watch?v=VZMjP-Fw1rI&t=24s