An Idea to invest gained from daily life

Disposable Gloves (Courtesy of Werneuchen, Wikipedia)

I was inspired by a few bloggers as well as a friend, who found investing ideas from daily life (sadly, those stocks are not for me, don't understand them).

So while I was working at my manufacturing plant, I looked for consumables that my company used in huge quantities and (hopefully) the company was listed in Singapore.

I happened to hear about Riverstone Holdings selling gloves for cleanrooms for HDD manufacturing as well as specific healthcare markets from fellow bloggers, and that they are a market leader in their products for their niche.

I tried to find the brand of gloves my company used in huge quantities yet it was always brandless when I see them.

So I tried looking manually myself, peeking when the storeman brought in the gloves to fill my glove boxes, only to find the product code but no brand. Google search of the product code turned up nothing.

I tried emailing Riverstone's Investors' Relations, yet, sadly, they told me due to disclosure issues they couldn't tell me.

So I started looking around the purchasing for my company logistics for any ideas (hopefully). I stumbled upon a record where I found a list of consumables and their brands and vendors (sadly none of them list in SGX).

However, I managed to find that it came from a local vendor, that carried a Malaysian brand "Sinetimed". A quick search on Google showed that it was owned by Riverstone!!!

And from what I have observed working there, generally, pharmaceutical plants here use the same products, so if my company purchase them, most plants doing similar work would use them as well!

That means huge sales volumes, paired with wealthy clients, it suggests that it will stand to make loads of money!

So, Riverstone holdings is now added into my watchlist (I still have to look through the company and crunch the numbers though). :)