SG Stock MarketDetailed Quotes
AP4 Riverstone
- 0.920
- -0.005-0.54%
10min DelayMarket Closed Aug 8 17:04 CST
1.36BMarket Cap17.36P/E (TTM)
0.930High0.890Low5.92MVolume0.925Open0.925Pre Close5.41MTurnover1.03052wk High1.13%Turnover Ratio1.48BShares0.50452wk Low0.053EPS TTM482.84MFloat Cap2.050Historical High21.40P/E (Static)524.83MShs Float-0.375Historical Low0.043EPS LYR4.32%Amplitude0.06Dividend TTM2.88P/B100Lot Size6.74%Div YieldTTM
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Riverstone Stock Forum
Like its Malaysian glove-producing peers, Riverstone Holdings is riding on a recovery in demand for its products. But in so many ways, Riverstone is heading in a direction that will potentially bring about more profitability.
RIVERSTONE: Making moves to become an even more profitable and higher-margin business
Glove stocks may rise on Riverstone's good results.
Malaysian glovemaker Riverstone posted a 54.6% increase in net profit to RM144.7 million (S$42.9 million) for the six months ended Jun 30, 2024, from RM93.6 million a year ago.
Revenue was up 7.4% to RM496.4 million in the same period, from RM462.2 million.
The mainboard-listed company attributed the increase to a recovery in demand for both healthcare and cleanroom gloves.
Riverstone chief executive and executive chairman ...
Patiently to wait for another 12 months for above $2
The chart below shows the comparison of 9103.tw (Taiwan listed Medtecs shares) and $Medtecs Intl (546.SG)$ (SG listed Medtecs shares).
9103.tw is shown in the candlestick chart while 546.SG is shown in the line chart.
The price of 9103.tw is above the Jun highs and is outperforming 546.SG whose price is near the May low. This may provide support for 546.SG and it may rebound soon.
UGH is also near its May low and may also rebound soon.
$Top Glove (BVA.SG)$ $Riverstone (AP4.SG)$
Top Glove Corporation Bhd has been upgraded to an "A" in the MSCI ESG Ratings.
In a statement on Fri, the world's largest manufacturer of gloves said this is an improvement over last year's "BBB" rating and marks its highest achievement since it first participated in the ratings in 2019.
Top Glove managing director Lim Cheong Guan said the upgrade reflects the company's commitment to sustainability and corporate responsibility.
"It also validates our efforts in the environmen...
The glove sector is recovering. Earnings should improve quarter-over-quarter. Maybe some traders are pushing the price down to buy cheap ahead of its results in mid Aug.
$Medtecs Intl (546.SG)$ $Top Glove (BVA.SG)$ $Riverstone (AP4.SG)$
Riverstone also produces gloves for cleanrooms. This is recovering faster than their healthcare gloves. Its net profit bottomed in 4Q2022 and has been increasing ever since.
UOB KH raised its tp for Riverstone from 1.12 to 1.14, pegged to 20x 2025F PE. Riverstone is trading at a deep 40% discount to its Malaysian peers' trading multiple of 47x 2025F PE despite the group's higher margins and...
Top Glove and Riverstone have not fallen much from their 52-week highs.
In contrast, Medtecs and UGH have given up almost all their gains since the May announcement of increase in tariff on China gloves. When they rebound, it may be strong.
$Top Glove (BVA.SG)$ $Riverstone (AP4.SG)$
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