Riverstone posts 119.3% increase in net profit to RM137.5 million for 1HFY2020 Group’s revenue achieve RM626.7 million, driven by the surge in demand for our products worldwide
Core operations continues to generate strong positive operating cash flows of RM222.2 million for 1HFY2020, bolstering balance sheet strength with a net cash position of RM264.2 million
Looks like many rounds of forced selling after each correction pushing the share prices down after the edge article came out on the valuation of each co. and their share prices / earnings.
The edge article reviewing glove counters appear to show that current share prices cannot be sustainable since the forecast earnings cannot justify them.
You should check in on some of those fields below.
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Posted by kenny888 > 2020-08-06 09:19 | Report Abuse
small retailers are so gullible by people who put up negative news