Riverstone share price has hit a new record high of $3.31 today. UOB Kay Hian is first to revise the TP to $3.60. I believe DBS and CGS-CIMB will be revising soon now that it exceeded their TP today. It is my view that Riverstone is one of the best glove company that is still trading at superb value being laggard in the sector as it is the highest net cash in % + highest profit margin (both comparable to Hartalega).
Riverstone has hit $4 today. This has been quite a journey upwards for those who are patient and sit tight on profits, you are handsomely rewarded. In addition, the share price has blow past all 3 banks TP of $3.60 and $3.90. Lets look forward to the results soon.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tradeview
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Posted by tradeview > 2020-05-26 17:08 | Report Abuse
A note or error to point out - after publishing our article, we noticed UOB Kay Hian has revised the TP of Riverstone upwards by 18% to $2.53. TQ