Whilst I set my initial fair value for Riverstone to be $2.00, I noticed CGS-CIMB has increased the TP to $2.50, DBS TP is %2.20, and UOB Kay Hian TP is $2.15 (After publishing my article, UOB revised TP upwards by 18% to $2.53). For now, I will not amend my FV until I can see the next quarterly results in early /mid August 2020. I can only say this to those who want my view on Riverstone, to me, Riverstone is a multi bagger and long term stock hence I will continue to hold. That’s my personal opinion. For those who are happy with profits, just take it and be happy with your winnings.
Food for thought:
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