- Riverstone's share price is trading at a deep >200% discount to its Malaysian glove maker peers’ trading multiple of 50x 2025F P/E despite the group’s higher margins and attractive 8% dividend yield vs peers.
- - Read this at SGinvestors.io -
3Q24 results in line.
- Riverstone (SGX:AP4) reported a net profit of RM72m for 3Q24 (flat q-o-q, +22% y-o-y), in line with expectations. 9M24 net profit formed 75%/73% of our/consensus full-year forecasts respectively.
- - Read this at SGinvestors.io -
Margins compressed on higher input costs and forex loss.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Heidi Mo UOB Kay Hian Research | John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-13
Previous report by UOB:
2024-07-25 Riverstone - Strong Earnings Expected; Target Price Raised To S$1.16.
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
