Tuesday, July 15, 2014

Riverstone to Continue uptrend?

Previous post on Riverstone when it was at $0.81 http://www.andy-yew.com/2014/04/hl-asia-riverstone-rotary.html

If you followed the previous post of this Uptrending stock, you will know that the price has up 12% since previous post in April, now Riverstone is close to the support level, which is also the short term low. This could be a good Entry point to pick up this uptrend stocks as the "risk" is lower if you cut loss when it break below 0.90. Target 1.02. At current price, Riverstone's Dividend yield about 2.9%

Business Summary

Riverstone Holdings Limited is an investment holding company. The Company specializes in the production of Cleanroom and Healthcare Gloves, fingercots, cleanroom packaging bags and face masks. As a global supplier of Cleanroom and Healthcare Gloves, the Company has four manufacturing facilities, located in Malaysia, Thailand and China. The Company’s customers are manufacturers in the HDD and semiconductor industries. The Company’s product includes Cleanroom Glove, Examination Glove, Cleanroom Fingercot, Cleanroom Packaging Bags, Cleanroom Face Mask, Cleanroom Wiper and Other Consumables. The Company operates in four segments: Malaysia, Thailand, China and other. 

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