- Keep BUY rating on Riverstone with higher DCF-derived S$1.05 target price from S$0.93, 18% upside from the current Riverstone share price and 5% dividend yield.
- - Read this at SGinvestors.io -
Key operating metrics.
- To recap, Riverstone (SGX:AP4) saw ASPs across its businesses post stabilised q-o-q trends in 1Q24, with cleanroom and healthcare ASPs recorded at US$90 and US$28/1,000 pieces, i.e. largely unchanged vs 4Q23’s numbers.
- - Read this at SGinvestors.io -
- Sales volumes for cleanroom products were said to improve 5% q-o-q in 1Q24 (4Q23: +5% q-o-q) and management is expecting the growth momentum for such products to continue in the coming quarters – underpinned by the semiconductor industry’s recovery.
Margins.
- Read more at SGinvestors.io.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2024-05-13
Read also RHB's most recent report:
2024-10-07 Riverstone - Positive Outlook Amidst Short-term Challenges; BUY.
Previous report by RHB:
2024-08-07 Riverstone - Results In Line With Expectation; Maintain BUY.
Price targets by other brokers at Riverstone Target Prices.
Listing of research reports at Riverstone Analyst Reports.
Relevant links:
Riverstone Share Price History,
Riverstone Announcements,
Riverstone Dividends & Corporate Actions,
Riverstone News Articles
