Riverstone Holdings

[CityFarmer]

All very good points. I am always waiting at the side lines to start acquiring some shares into Riverstone.

Correct me if I am wrong, Riverstone didn't get into any rights issues or likewise equity dilution to get onto their current expansion blueprint. This is a major plus as their management has planned for this long ago and executed it to due diligence.

If Malaysia is going to be the largest exporter of nitrile gloves, then all the more that I am putting my money on Riverstone. From reports, it seems Riverstone got into nitrile gloves production much faster than competition. It has been a technology hassle then when ah bang, adi are all quite happy doing their latex gloves while Riverstone needs to be nimble enough to venture into nitrile.

Let's see if Riverstone can truly come out of its own during this incoming economic correction.

FYI, Bursa's listed Hartalega has done earlier and faster than Riverstone, in nitrile glove. Hartalega produces nitrile glove at lower cost than Riverstone, probably due to volume, and wider deployment of robotic in production.

Riverstone is catching up, and we have seen the declining COS, or improving GPM, and the improvement will continue, IMO

One of the Riverstone's moat is on its sale strategy, a more direct approach, rather than via distributors as Hartalega has done.