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Riverstone go go go!

stlimst
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08-Aug-2024 15:06

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My stake in Riverstone is purely for dividends.
The payout is very generous indeed.

Strengtening of Ringgit is also helping abit.

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msksmsks
Supreme

08-Aug-2024 14:02

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Yes,

The dividend yield fm RS is attractive. Last year payout ratio 150%
and hopefully, can match or higher this year

RS is a valued stock. It' s resilent biz model enable them to
generate FCF every Qtr and giving generous dividend ...
least mentioned abt capital appreciation for the
next couple years ahead which RS is poised to ride the growth
trajectory

oli007 ( Date: 08-Aug-2024 13:54) Posted:

Div i get from Riverstone is better than my reits at this moment.

msksmsks ( Date: 08-Aug-2024 11:38) Posted:

After the early flush down this mrng,
price actions so far suggests things
are in good hands.

RS wl resume it' s uptrend

Last but not least, Happy National Day

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oli007
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08-Aug-2024 13:54

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Div i get from Riverstone is better than my reits at this moment.

msksmsks ( Date: 08-Aug-2024 11:38) Posted:

After the early flush down this mrng,
price actions so far suggests things
are in good hands.

RS wl resume it' s uptrend

Last but not least, Happy National Day

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msksmsks
Supreme

08-Aug-2024 11:38

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After the early flush down this mrng,
price actions so far suggests things
are in good hands.

RS wl resume it' s uptrend

Last but not least, Happy National Day

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msksmsks
Supreme

07-Aug-2024 11:43

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Looks like collection again for the next
strong upward push later

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msksmsks
Supreme

07-Aug-2024 11:30

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老弟

谢谢。你有买吗？

The BB is inside with strong hands....Wl move
RS much higher than recent high of 1.03

Cheers

joe1991 ( Date: 07-Aug-2024 11:21) Posted:

兄弟 ,congrats again . Today Ur RS stand at podium to receive gold medal. clap clap.

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joe1991
Veteran

07-Aug-2024 11:21

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兄弟 ,congrats again . Today Ur RS stand at podium to receive gold medal. clap clap.

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msksmsks
Supreme

07-Aug-2024 10:36

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Ride the upward wave with the BB which
is moving the stock ...

RS is on growth trajectory and also giving
out generous dividends as we can see.

By year end, making a guess we pbbly may
see $1.20 in the making

msksmsks ( Date: 07-Aug-2024 10:22) Posted:

In good hands...

Soon, RS wl power up

Looking fwd $1 and abv

msksmsks ( Date: 07-Aug-2024 09:26) Posted:

RS wl gradually moving twds $1 and abv

Hv faith and patience

Cheers

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msksmsks
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07-Aug-2024 10:22

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In good hands...

Soon, RS wl power up

Looking fwd $1 and abv

msksmsks ( Date: 07-Aug-2024 09:26) Posted:

RS wl gradually moving twds $1 and abv

Hv faith and patience

Cheers

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msksmsks
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07-Aug-2024 09:26

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RS wl gradually moving twds $1 and abv

Hv faith and patience

Cheers

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Joelton
Supreme

07-Aug-2024 08:36

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Riverstone H1 net profit up 54.6% as demand for gloves recovers

New production lines are expected to be progressively commissioned by the end of this year

MALAYSIAN glovemaker Riverstone Holdings : AP4 -0.56% posted a 54.6 per cent 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 per cent to RM496.4 million in the same period, from RM462.2 million.

In a bourse filing on Tuesday (Aug 6), the mainboard-listed company attributed the increase to a recovery in demand for both healthcare and cleanroom gloves.

Riverstone chief executive and executive chairman Wong Teek Son said: &ldquo The broad-based recovery in the global semiconductor manufacturing sector continues to bode well for us. We have seen a strong order flow for our core cleanroom gloves since the end of 2023.&rdquo

He added that Riverstone is well-positioned to meet the growing demand for gloves from both existing and prospective customers. New production lines are expected to be progressively commissioned by the end of this year, and the company is continuing its continuous research and development to optimise product specifications.

Riverstone has declared an interim dividend of RM0.04 per share. It did not declare any for the same period last year.

The interim dividend translates to a payout ratio of 82 per cent based on the company&rsquo s H1 net profit.

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msksmsks
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07-Aug-2024 08:16

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An extract of what Mr Wong said :

Looking ahead, the global semiconductor manufacturing industry projected a 6% y-o-y capacity expansion
in 2024 and a 7% gain in 2025 to keep pace with unremitting growth in demand for high performance chips

?The broad-based recovery in the global
semiconductor manufacturing sector continues to bode well for us.

We have seen a strong order flow for our
core cleanroom gloves since the end of 2023

With continuous R&D to optimise our product specifications and new production lines expected to be progressively commissioned by the end of 2024, we are well-positioned to meet the growing demand from both existing and prospective customers.?

RS is on growth trajectory as mentioned b4...

Bodes well for RS gg fwd

Cheers

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msksmsks
Supreme

06-Aug-2024 18:51

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Horsay liao...

Result fantastic and giving interim dividend
of 4(sen) again. Payout ratio 82% and easily
wl go.abv 100% and more for full year inclusive
of special(if any) and final dividend , juz like
last year.

Thank you Boss Wong for being so generous
to Yr shareholders. Much better than FD and
beat most of the listed companies

Opined tmr RS wl hv a good run up and also
wl be upgraded by analysts.

Cheers

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spursfan
Supreme

06-Aug-2024 17:38

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Riverstone net profit increases 54.6% y-o-y to RM144.7 million for 1HFY24 underpinned by a stronger mix of high-end products

Revenue grew 7.4% y-o-y to RM496.4 million for 1HFY24 on the back of demand recovery for both healthcare and cleanroom gloves
Gross profit margin improved by 12.2pts to 39.6%, driven by better product mix, higher average selling price and lower cost of sales
Proposed a second interim dividend of 4.0 sen (RM) per ordinary share, bringing the total dividend payout ratio to 82.0% for the reporting period

Financial Highlights (RM&rsquo million)	2QFY24	1QFY24	2QFY23	q-o-q (%)	y-o-y (%)	1HFY24	1HFY23	y-o-y (%)
Revenue	246.9	249.5	224.2	(1.0)	10.1	496.4	462.2	7.4
Gross Profit	99.2	97.5	64.8	1.8	53.1	196.7	126.8	55.2
Gross Profit Margin	40.2%	39.1%	28.9%	1.1pts	11.3pts	39.6%	27.4%	12.2pts
Profit Before Tax	92.0	91.7	61.6	0.3	49.2	183.7	121.2	51.5
Net Profit	72.5	72.2	46.9	0.4	54.7	144.7	93.6	54.6
Diluted EPS (sen)	4.89	4.87	3.16	0.4	54.7	9.76	6.31	54.7

pts = percentage points
https://links.sgx.com/1.0.0/corporate-announcements/S9QN77WIWNXIXRNV/814344_RHL%20-%20Press%20Release%202QFY2024.pdf

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msksmsks
Supreme

06-Aug-2024 15:24

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Harta still very strong

Up more than. 8%

msksmsks ( Date: 06-Aug-2024 14:57) Posted:

Harta up 6.5% over in Bursa.

Riverstone wl be next.

Looking fwd

oli007 ( Date: 06-Aug-2024 13:41) Posted:

Harta Glove posted a positive result in Bursa Today. RM 31M profi

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msksmsks
Supreme

06-Aug-2024 14:57

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Harta up 6.5% over in Bursa.

Riverstone wl be next.

Looking fwd

oli007 ( Date: 06-Aug-2024 13:41) Posted:

Harta Glove posted a positive result in Bursa Today. RM 31M profit

msksmsks ( Date: 06-Aug-2024 12:35) Posted:

Shld be anytime this wk..

Judging fm the behaviour for past few days including today
despite the sell down, can tell it' s under accumulation.

Chart is bottomish and poised for strong rebound

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msksmsks
Supreme

06-Aug-2024 14:48

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Great to see these glove companies gradually
turning ard after several qtrs of decline/losses

Riverstone wl be better

Looking fwd to RS result and abv $1 soon

oli007 ( Date: 06-Aug-2024 13:41) Posted:

Harta Glove posted a positive result in Bursa Today. RM 31M profit

msksmsks ( Date: 06-Aug-2024 12:35) Posted:

Shld be anytime this wk..

Judging fm the behaviour for past few days including today
despite the sell down, can tell it' s under accumulation.

Chart is bottomish and poised for strong rebound

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oli007
Member

06-Aug-2024 13:41

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Harta Glove posted a positive result in Bursa Today. RM 31M profit

msksmsks ( Date: 06-Aug-2024 12:35) Posted:

Shld be anytime this wk..

Judging fm the behaviour for past few days including today
despite the sell down, can tell it' s under accumulation.

Chart is bottomish and poised for strong rebound

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msksmsks
Supreme

06-Aug-2024 12:35

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Shld be anytime this wk..

Judging fm the behaviour for past few days including today
despite the sell down, can tell it' s under accumulation.

Chart is bottomish and poised for strong rebound

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Mornings
Member

06-Aug-2024 12:01

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So quiet ....

Anyone knows when is the next earnings report due? Should be this month right?

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