Riverstone's revenue has reached a new high for 6 consecutive quarters, distributing a 4-point Interim Dividend (RM).

HarryTeo wrote a column · May 9, 2024 19:57

Riverstone's revenue has reached a new high for 6 consecutive quarters, distributing a 4-point Interim Dividend (RM).

Today, RIVERSTONE, listed in Singapore 🇸🇬, has announced its latest performance, with a 54.3% year-on-year growth in net income. The following chart shows RIVERSTONE's revenue and Net Profit over the past few years:

The latest quarter's revenue is RM249.5 million, and management mentioned that with the normalization of supply relationships, the next few quarters are expected to perform very well in the semiconductor and consumer electronics recovery. Therefore, FY2024 full-year revenue may exceed RM1,000 million, with a potential growth of over 10%.

As RIVERSTONE focuses on Cleanroom gloves, it belongs to a more Niche Market. Post this epidemic, the company's Net Profit Margin is even more impressive than pre-epidemic, reaching 28.9%. One reason is the significant increase in cash and the high interest rate environment. With RM947.64 million in cash and no bank borrowings, the company can earn higher interest income.

The company outlook is positive, with supply and demand returning to normal, and the main customer areas of semiconductors and consumer electronics are recovering. In addition, the company is expected to pay a dividend of 4 cents per share (RM) in Q1, equivalent to a 82.1% Payout Ratio. In an environment of profit recovery and growth, Riverstone still has good potential.

In addition, drawing from RIVERSTONE's performance, it is anticipated that HARTA and KOSSAN, which have abundant cash and focus on cost control and technological research and development, will also see recovery and growth in 2024.

$KOSSAN (7153.MY)$ $HARTA (5168.MY)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

See Original

Report

118K Views

Comment

104772367 : something is brewing

Report
Reply

Cancel Reply
Vincent Wong 88 : Yes, needless to say, Harta Kossan died when Topglove Supermx died? You don't need to read this kind of biased article

Report
Reply

Cancel Reply
103769413 : Consistenly in profit company.

Report
Reply

Cancel Reply
抱股散人 : Bravo, RS

Report
Reply

Cancel Reply

HarryTeo

投资座右铭：价值为主，技术为辅，心态之上在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。

8576

Followers

Following

15K

Visitors