Riverstone's turnover surpassed a 6-quarter high and distributed a 4-point Interim Dividend (RM)
Today, RIVERSTONE, which is listed in Singapore 🇸🇬, announced its latest results, with net profit growing 54.3% year-on-year. The chart below shows RIVERSTONE's turnover and net profit over the past few years:
The latest quarterly turnover was RM249.5 mil, and management said that the supply relationship had returned to normal. It is expected that the next few quarters will be very good with the recovery of semiconductors and consumer electronics products. Therefore, FY2024's annual turnover is likely to exceed RM1,000 mil and is expected to grow by more than 10%.
Since RiverStone focuses on cleanroom gloves, it is a relatively niche market. After this pandemic, the company's net profit margin was even scarier than before the pandemic, reaching 28.9%. One reason is due to the sharp increase in cash and the environment of high interest rates. In the case of RM947.64 mil cash and 0 bank loans, the company can earn higher interest income.
The company has a positive outlook, with supply and hope to return to normal, with major customer sectors recovering in semiconductors and consumer electronics. In addition, the company is expected to pay a 4-point dividend (RM) in Q1, which is equivalent to a payout ratio of 82.1%. In an environment where profits resume growth, Riverstone still has good potential.
Furthermore, drawing on RIVERSTONE's performance, it is expected that HARTA and KOSSAN, which are rich in cash and focus on cost control and technology research and development, will also resume growth in 2024.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
7372Followers
12Following
13KVisitors
Follow
104772367 : something is brewing
104278526 : Yes, needless to say, Harta Kossan died when Topglove Supermx died? You don't need to read this kind of biased article
103769413 : Consistenly in profit company.
抱股散人 : Bravo, RS