- We walk away feeling upbeat on Riverstone following its post-results briefings. We continue to like Riverstone for its above-industry margins profile and attractive dividend yield.
- - Read this at SGinvestors.io -
Key operating metrics.
- Riverstone’s cleanroom gloves (CGs) ASPs stayed steady at US$90/1,000 pieces (primarily on its contracted nature). Healthcare gloves’ (HGs) ASPs dipped to US$24.65 (1Q25: US$25.50).
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- Cleanroom gloves volumes contracted 5% y-o-y due to the impact from natural gas supply rationalisation and slowing demand – likely driven by tariff uncertainties, in our view. Meanwhile, healthcare gloves volume increased 22% y-o-y due to higher orders for generic products from US customers.
Outlook.
- Read more at SGinvestors.io.
