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Riverstone Holdings
Billion Dollar Club 2023
Riverstone pursues cleanroom gloves as healthcare demand normalises
The glove manufacturer believes its business remains robust thanks to customers from the electronics and semiconductor industry.
November 09, 2023
Results
Riverstone 3QFY2023 net profit up 26.5% q-o-q, revenue flat q-o-q but down 17.5% y-o-y
The manufacturer of specialised cleanroom and healthcare gloves has declared an interim dividend of 5 sen per share for 3QFY2023.
November 03, 2023
Results
Riverstone Holdings announces earnings of RM46.7 mil, down 57% y-o-y
On a q-o-q basis, revenue was up 1.2% while net profit jumped 11.2%.
May 08, 2023
Billion Dollar Club 2022
Glove makers Riverstone and Top Glove share the honours in sector
Glove makers dominate this sector
November 10, 2022
Broker's Calls
Analysts mixed on Riverstone’s prospects; DBS downgrades counter to ‘hold’ with lack of near-term catalysts
Analysts are currently mixed on Riverstone’s prospects
May 12, 2022
M&A
Riverstone Holdings acquires 6 parcels of land in Perak for RM17.6 mil
Riverstone Holdings acquires land in Perak for RM17.6 mil for expansion.
March 21, 2022
Results
Riverstone doubles FY2021 earnings to RM1.42 billion, plans total dividends of 48 sen
The company’s planned expansion of its production capacity to 1.5 billion gloves by end of 2021 has been delayed to end of FY2022
February 22, 2022
Covid-19
Glove makers and Medtecs International surge on possible new virus variant
Nevertheless, these counters are still significantly off their peaks from last year.
November 26, 2021
Broker's Calls
Riverstone gets double take from analysts following 3Q2021 results
Riverstone expected to give out higher dividends: DBS analyst Ling Lee Keng
November 12, 2021
Results
Riverstone still sees strong 3Q results despite shift to 'endemic' Covid-19
Riverstone says demand for gloves continue to grow, but also notes that prices for examination gloves have begun to normalise.
November 09, 2021