Riverstone result expected out in early Aug and expect Y-Y up 35% for revenue n net profit.
Now big funds are going to paint a beautiful picture on glove counter which saying Latex price drop couple with weak RM ( which is heading RM4.30 soon) good for export business especially glove counters...
Based on their FQ1'18 balance sheet, their account can support the following if they plan to go for BI: Share bonus issue = 1 get 1 + some free warrant.
The purpose of warrant is enable company receive cash when warrant holders convert it into share in the future which is good for company use as working capital for expansion.
Based on 3rd party simulation, if they can get EPS at 8sen in FY18, then with PE=20, share price chould hit RM1.60.
last time i in 855 run 875, now reenter 885. huat ah comfort!
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Sultan763
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Posted by Sultan763 > 2017-06-28 16:53 | Report Abuse
tomorrow still can go higher?