Riverstone – A potential technology play?

Invest

By Ernest Lim's investing blog • April 28, 2012

Dear Readers,

Below is my writeup on Riverstone. I am not able to attach some of the figures on my blog. Readers who are interested can drop me an email at crclk@yahoo.com.sg

Riverstone – A potential technology play?

Of late, technology plays have been in play, especially in the first two months of this year. Hard disk drive (“HDD”) manufacturers such as Seagate and Western Digital have spotted impressive year to date returns of 80% and 34% respectively. This optimism has also filtered to our Singapore listed HDD component manufacturers such as Armstrong and Broadway which have jumped 33% and 52% respectively year to date. In addition, most market watchers are expecting HDD players to rebound after the Thai flood. Coupled with the positive industry momentum, there seems to be a wave of takeovers on the technology sector such as Meiban and Adampak. A proxy that comes to ...

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