$Riverstone (AP4.SG)$ Riverstone is likely to benefit from t...

Riverstone is likely to benefit from the global semiconductor sales recovery, RHB Singapore Research says in a note. Sales volumes for its cleanroom products improved 5% on quarter in 1Q, the RHB team says.

The Singapore-listed cleanroom products manufacturer expects growth for such products to continue in the coming quarters, RHB says. It continues to like Riverstone for its "unique exposure in the cleanroom segment, above-industry margins profile, and consistent dividend payout."

RHB maintains a buy rating on the stock, and raises its target price to S$1.05 from S$0.93.