Talking about valuation discount, I have recently re-invested to the little unknown $SGX-AP4 Riverstone Holdings Ltd.

Riverstone is one of the few Malaysian rubber glove maker listed out of the Bursa - in SGX (the other being UG Healthcare).

It's actually the fifth largest glove maker after the Malaysian top 4 manufacturers. Its bigger than $COMFORT / 2127 (COMFORT GLOVES BERHAD) and $RUBEREX / 7803 (RUBBEREX CORPORATION (M) BERHAD). It also have ROE and profit margin comparative to only $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) as it focused on nitrile glove. It was my first ten bagger stock in my investing journey.

Its biggest downside? It's not appreciated by the Singaporean market. If it's listed in Malaysia, its value would've been doubled, imo.

Comparison.. valuation & profitability (TTM)
PE / ROE% / Profit Margin%:

Harta: 59.8x / 16.6% / 16.1%
Top Glove: 47.5x / 9.6% / 7.7%
Ruberex: 37.8x / 5.5% / 5.1%
Supermax: 37.2x / 8.9% / 8.3%
Kossan: 32x / 15.8% / 10.1%
Comfort: 28.7x / 10.7% / 6.5%
UG Healthcare: 23.5x / 3.9% / 2.4%
Riverstone: 20.9x / 16.5% / 13.2%

@mengteck @facademy @ValinV @ypaymore @kimkuan @heahjonathan @benjaminfong