RIVERVIEW RUBBER ESTATES BHD

KLSE (MYR): RVIEW (2542)

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Last Price

3.23

Today's Change

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Day's Change

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19 comment(s). Last comment by Dehcomic01 2024-01-06 10:13

cariyoyo

126 posts

Posted by cariyoyo > 2013-04-10 12:16 | Report Abuse

the price has gone up suddenly. it has been laggard for a long time. anyone?

arv18

2,645 posts

Posted by arv18 > 2013-04-12 19:23 | Report Abuse

This is very solid counter. Good dividend. Zero Gearing. Just no profile. Low liquidity.

cariyoyo

126 posts

Posted by cariyoyo > 2013-04-29 10:08 | Report Abuse

revenue dropped sharply due to weakening cpo prices. unless the company expands its planted hectarage, i do not see great value in this company. or perhaps certain group might be interested in taking it private or buy the huntsman family out. anything short of these, rview will be dull and mundane.

balvin71

1,153 posts

Posted by balvin71 > 2013-05-21 08:49 | Report Abuse

Completely agree. They need to go back to expansion mode and diversify into other commodity or into processing. In the medium term, their trees are reaching end-of life and would soon need to be replanted. This will cause a drop in revenue until the new tree matures, the dividend yields during this time will also be effected.

dlsh2

35 posts

Posted by dlsh2 > 2013-06-03 09:49 | Report Abuse

i concur with the views given by cariyoyo and balvin71. most top 30 shareholders of rview are old folks who might have been holding the shares for 30 to 40 years. they are not interested to sell but to pass on to their children and grandchildre. these old folks are expecting dividends every july and january for their beer monies. the price will drop if rview could not sustain the 20% dividend payout. rview is a small outfit and they should find ways to expand its planted areas. but again, i doubt they have a visionary management.

mukah

50 posts

Posted by mukah > 2015-04-07 12:07 | Report Abuse

There are rumors swirling around that a prominent family based in Ipoh are interested to take up a sizeable stake in Riverview if the price are right.

mukah

50 posts

Posted by mukah > 2015-06-01 09:04 | Report Abuse

The company has ceased giving out dividends for the last two quarters. The reason given to shareholders was that they need to conserve the cash for future expansions or when opportunity comes along the way. Riverview has purchased the balance shares owned by a Bumiputera partner in Narborough. They could not pay dividend as a result. However, they should have offered the Bumiputera partner part Riverview shares and cash or completely with Riverview shares. Maybe the Bumi partner turned down both offers and prefer cash. My question is how can the shareholders benefit from Narb when they do not get any dividend from the increased profit?

Guess this is not the counter to be in as dividends will dwindle going forward.

Meowyx

342 posts

Posted by Meowyx > 2017-04-04 15:56 | Report Abuse

o.o

Surewin123

12,591 posts

Posted by Surewin123 > 2017-04-30 14:34 | Report Abuse

gap up tue

Posted by Rizal Nashrudin > 2018-06-17 14:43 | Report Abuse

up

Chrisk

18 posts

Posted by Chrisk > 2018-08-02 18:19 | Report Abuse

Appear some interest here. Any possibility of some restructuring?

cariyoyo

126 posts

Posted by cariyoyo > 2018-09-12 15:12 | Report Abuse

Chrisk, Riverview is held by the Huntsman family. After the death of Williams Huntsman, the family (inclusive of extended families) brought in a new regime headed by Oliver Huntsman. The new regime was inspired by the new chairman, an ex-planter, who came up with expansion ideas, so on and so forth. However, after 5 years into it, I noticed nothing has taken place vis-à-vis the old regime. Unless one has no other counter to invest, they can look at Riverview.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-09-14 11:26 | Report Abuse

Good news incoming, oh yeah !

Chrisk

18 posts

Posted by Chrisk > 2018-09-14 12:05 | Report Abuse

Thank you cariyoyo. Best rgds.

LouiseS

286 posts

Posted by LouiseS > 2019-12-28 12:07 | Report Abuse

RIVERVIEW's main business segments include oil palm plantations and investment holdings.

Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from 1.34 sen to 26.83sen. Dividend payout in the 2018 financial year totalled 6 sen per share, which corresponds to a dividend yield of 2.03%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-riverview-rubber-estates.html

calvintaneng

53,694 posts

Posted by calvintaneng > 2021-08-12 20:10 | Report Abuse

RIVERVIEW & MHC PLANT: 2 MORE PALM OIL STOCKS REPORTING INCREASE OF OVER 200% PROFIT EACH, Calvin Tan

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-08-12-story-h1569712578-RIVERVIEW_MHC_PLANT_2_MORE_PALM_OIL_STOCKS_REPORTING_INCREASE_OF_OVER_2.jsp

patrico8

334 posts

Posted by patrico8 > 2021-09-01 11:26 | Report Abuse

This is an undiscovered gem. NOSH 64 mil only. It will follow DKSH momentum with good earnings.

calvintaneng

53,694 posts

Posted by calvintaneng > 2021-12-07 09:39 | Report Abuse

Taann also excellent as it gave 30 sen dividend and final qtr will probably give another superb dividend to make it the best ever

Dehcomic01

307 posts

Posted by Dehcomic01 > 2024-01-06 10:13 | Report Abuse

Many investors like to use relative valuations to compare the “worth” of a company. Yet when it comes to fundamentals they don’t follow through by using relative fundamentals.
I illustrate this with the example of Riverview Rubber, a Bursa Malaysia plantation company. My reference company is KLK – this is partly because I have a detailed fundamental analysis and partly because I happen to know some of the senior managers there.
On a PE basis, Riverview is relatively expensive while it is cheap from a PBV basis
Riverview KLK
PE 38 18
PBV 0.6 1.7

When you compare their respective ROE treads as per the chart, you can see that Riverview under performed KLK over the past decade. It is not just the numbers. Because I have a reasonably good picture of how KLK numbers came about, I can have a “qualitative picture” how Riverview under performed. https://i.postimg.cc/MZNbTDq1/Riverview-vs-KLK.png
If you expect Riverview to be taken over like Boustead Plantation, you would look at the PBV. But if there is no sale, the market is likely to rate it based on its earnings.
On a PE basis, Riverview is more expensive yet on a ROE basis it is worse. This is not Buffett wonderful company at fair price. Neither is this a Graham cigar-butt.
If you want to look at some other Bursa companies with some plantation activities, have a look at KFIMA. https://www.youtube.com/watch?v=m31TkvDgthc

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