Singapore Stock Market News
Riverstone Holdings - Malaysia NDR: Eye Opener
StockFanatic
Publish date: Fri, 02 Oct 2015, 01:03 PM
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● Investors impressed with Riverstone's dominance of lucrative cleanroom gloves during our recent NDR. Addressed concerns on possible slowdown of HDD segment, competition & liquidity.
● Near-term positives: earnings boost from strong USD/MYR, strong demand for new capacity & possible liquidity boost. We raise FY15-17 EPS by 3-5% for FX effects. Medium-term risk: rising competition for healthcare gloves.
● Maintain BUY & SGD2.12 TP, now at 19x FY16 P/E (from 18x). Expect catalysts from possible actions to boost stock liquidity.
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
LanSeeBoy
Like I said yesterday. These small local house analysts have no deep knowledge on the sector at all. Peak valuation aside, this stock has no liquidity given its tight free float. Want to buy 500,000 shares also need to take days...imagine how I gonna sell next ? Buying illiquid stock on peak valuation is sheer mong.
2015-10-02 13:58