Posted by tradeview > 2020-08-07 15:44 | Report Abuse

My FV as per the article above is $4.83. This is much more conservative compared to the revised upgraded TP by UOB $6, DBS $5.51, CGS-CIMB $5.50. Please take note my article commentaries on Riverstone was before the analyst revised TP. Tq

Posted by tradeview > 2020-09-04 18:02 | Report Abuse

Any weakness provides opportunity for accumulation. Please note that Riverstone is amongst the most undervalued Gloves stocks despite being a Tier 1 Glove company with amongst the highest profit margin (30%), leader in cleanroom glove, predominantly nitrile gloves, huge cash pile and highest DY among the peers.

Lee Wai Keong, one of the co-founders of Riverstone Holdings Limited, sold 15.5 million shares in the company in a share placement, according to terms of the deal obtained by Bloomberg which comes up to only 2% of the company shareholding. This placement whilst it shows Mr Lee cashing out for years of hardwork building up the business, it also shows confidence by the funds / institutional investor for willing to take a placement at $3.95 a share.

Please note, Mr Wong, the founder, chairman and substantial shareholder has not sold a single share. He holds close to 55% of Riverstone shares.