With the recent conclusion of Riverstone AGM held on 18 April, we benefited a lot from Mr Wong Teek Son, the Founder and CEO of Riverstone Holdings, sharing on the company going forward. If you haven’t read our previous articles on  My S.W.O.T Analysis For Riverstone Holdings (AP4) and Kenny’s My Bull Case For Riverstone Holdings (AP4), please feel free to do so to gain a good understanding of what this company does and the potential it has.

10 Bite-Sized Takeaways

Business

1. Automation have allowed Riverstone to cut from 7 down to 5 assembly line glove strippers.
2. Management re-iterated to shareholders that utilisation rate is high at 85-90%. Oversupply not a big threat since the focus is on specialization instead of volume.
3. Operations will continue to be kept in Malaysia because it is still the cheapest compared to Thailand or China.
4. On MYR, Mr Wong doesn’t ...