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1. RIVERSTONE: While peers continue to bleed, it makes lots of profit -- & pays dividends

(2024)

  Inset: Executive Chairman & CEO Wong Teek Son As the chart shows, a profit recovery was underway for Riverstone Holdings for 4 consecutive quarters in 2023. Question is, will the trajectory ...

Created on 01 March 2024

2. RIVERSTONE: 4Q2023 was inflexion point for new profit growth trajectory

(2024)

   • Singapore-listed Riverstone Holdings has long been tracked by CGS-CIMB. Given its familiarity with the company, the broker has deep insights into Riverstone's prospects. • That shows in the ...

Created on 19 January 2024

3. RIVERSTONE: 3 key things about its outlook. It's quite upbeat

(2023)

3 key things about Riverstone Holdings, a Singapore-listed glove manufacturer (market cap: S$897 million): 1. Profit upswing: Riverstone delivered 3Q2023 results that shout loudly the message ...

Created on 07 November 2023

4. RIVERSTONE: Profits are decent but down y-o-y, generous dividend payout continues

(2023)

   • The oh-so-good peak pandemic profits are definitely over for glove producers like Singapore-listed Riverstone Holdings. • Not only has demand for healthcare gloves normalised but supply ...

Created on 13 August 2023

5. RIVERSTONE: Earnings likely bottomed in 1Q23, how's dividend outlook

(2023)

• Riverstone Holdings' 1Q23 net profit from manufacturing and selling gloves was decent at RM47m (S$14m). Never mind that it is a sharp 57% fall from the same quarter a year ago when the pandemic was demanding ...

Created on 09 May 2023

6. RIVERSTONE: Its cleanroom gloves win huge global market share

(2023)

There are gloves and there are gloves. Riverstone Holdings produces two types -- for use in cleanrooms of principally semiconductor and electronic companies, and for use in healthcare settings ...

Created on 25 April 2023

7. RIVERSTONE: Is the worst over?

(2023)

...  Singapore-listed Riverstone Holdings, fortunately, has a segment that continued to thrive: gloves for the cleanroom in high-tech manufacturing. That, in a nutshell, explains why Riverstone was still ...

Created on 04 March 2023

8. RIVERSTONE: Downside capped by generous div. yield of 8%

(2022)

Excerpts from CGS-CIMB report Analyst: Ong Khang Chuen, CFA Riverstone Holdings Staying nimble during challenging times ■ 3Q22 net profit of RM63m (-76% yoy) in line with expectations; RSTON commenced ...

Created on 15 November 2022

9. RIVERSTONE: Why cleanroom gloves enable it to thrive in post-pandemic crash

(2022)

Riverstone Holdings' healthcare gloves sold for about US$28 per carton of 1,000 pieces in 2Q2022. Stock price  71 c 52-wk range 57 c – $1.23 PE   ...

Created on 18 August 2022

10. RIVERSTONE: $1.10 target of CIMB is highest among analysts

(2022)

Excerpts from CGS-CIMB report Analyst: Ong Khang Chuen, CFA Riverstone Holdings Solid execution ■ 1Q NP of RM109m (-2% qoq) slightly above expectations, showing RSTON’s earnings resiliency vs. ...

Created on 15 May 2022

11. RIVERSTONE: Trading at attractive 7.2x CY23F ex-cash P/E

(2022)

... represents c.15% yield. Riverstone  Share price:  80 cents Target:  $1.10 ■ Strong demand for cleanroom gloves supports elevated ASPs. Structural shift in product ...

Created on 24 February 2022

12. RIVERSTONE: Great earnings in 2021, absolutely great dividends

(2022)

Last week, following the release of Riverstone Holdings' FY2021 results, we published excerpts of a CGS-CIMB report. Check it out: RIVERSTONE: Trading at attractive 7.2x CY23F ex-cash P/E Below we focus ...

Created on 24 February 2022

13. RIVERSTONE: CEO makes S$573,000 purchase of shares this month. Why?

(2021)

Riverstone Holdings' CEO Wong Teek Son (photo) has been buying his company's shares in the open market in the past week or so, as follows:  Date No. of shares bought /price Value ...

Created on 15 December 2021

14. RIVERSTONE: Valuations attractive, 50% market cap is net cash

(2021)

Excerpts from CGS-CIMB report Analyst: Ong Khang Chuen, CFA Riverstone Holdings Valuations attractive at current levels ■ 3Q21 net profit of RM266.4m (-48% qoq, +49% yoy) ...

Created on 11 November 2021

15. RIVERSTONE: Forecast final dividend likely points to 13% dividend yield

(2021)

Excerpts from CGS-CIMB report Analyst: ONG Khang Chuen, CFA Tailwinds subsiding ■ Riverstone Holdings’ (RSTON) 2Q21 net profit came in at RM518m (-0.9% qoq), above expectations, as volume weakness ...

Created on 11 August 2021

16. RIVERSTONE: "Currently at attractive valuation

(2021)

Riverstone Holdings (RSTON SP): Looking past the pandemic BUY Entry – 1.30 Target – 1.50 Stop Loss – 1.22 Riverstone Holdings Limited produces, sells, and distributes clean-room products for use ...

Created on 21 July 2021

17. RIVERSTONE: Record-high 1Q21 earnings, lifted by strong demand and ASP

(2021)

Excerpts from DBS Research report Analyst: Lee Keng LING  Key summary points • Record-high 1Q21 earnings, lifted by strong demand and ASP; above expectations Riverstone  Share ...

Created on 12 May 2021

18. RIVERSTONE: Record 1Q21 profit points to bumper dividend to come

(2021)

Riverstone Holdings' supernormal net profit in 1Q2021 came up to RM523 million (+1,022% y-o-y) as demand for its gloves stayed robust. 1Q2021 selling prices were sharply up from 4Q2020 (as reflected ...

Created on 11 May 2021

19. RIVERSTONE: Shareholder questions on ASP trend, supply-demand, etc

(2021)

Riverstone  Share price:  $1.50 Target:  $2.30 Source: CGS-CIMB Below are selected questions submitted by Riverstone shareholders & the corresponding ...

Created on 24 April 2021

20. RIVERSTONE: Fundamentals remain solid with further ASP hikes

(2021)

... for FY20 of 22 sen/share also surprised on the upside. Riverstone  Share price:  $1.36 Target:  $2.30 ■ Fundamentals remain solid with further ASP hikes; RSTON ...

Created on 01 March 2021