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1-20 of 29
Today most glove stock fall back to correct. Looks like BB all concentrate fire power on riverstone. Now slow down to abstablish a base. Might see a further jump in the afternoon. So how high today?
Hantavirus play, less likely WHO suddenly confidently annouce miracle.
Hantavirus play, less likely WHO suddenly confidently annouce miracle.
Powerup
missed the boat
11:31 PM EDT, 05/10/2026 (MT Newswires) -- Riverstone's (SGX:AP4) net profit to equity holders dropped 24% during the first quarter of the year to 41.1 million ringgit from 56.4 million ringgit a year earlier, according to a Friday filing with the Singapore Exchange.
Shares of the manufacturer of gloves were up over 1% in Monday trading.
Revenue fell 14.5% year over year to 214.3 million ringgit from 252.3 million ringgit.
Shares of the manufacturer of gloves were up over 1% in Monday trading.
Revenue fell 14.5% year over year to 214.3 million ringgit from 252.3 million ringgit.
Riverstone Q1 profit falls 27.1% to RM41.1 million on a stronger ringgit
Revenue for the first quarter is down 15.1% at RM214.3 million despite steady sales volumes
[SINGAPORE] Glove manufacturer Riverstone Holdings posted a 27.1 per cent drop in net profit to RM41.1 million (S$13.3 million) for its first quarter ended Mar 31, 2026, from RM56.4 million in the previous corresponding period.
In an update released on Friday (May 8), the mainboard-listed company attributed the decline to the strengthening of the Malaysian ringgit against the US dollar throughout the quarter, which weighed on the group&rsquo s performance.
Revenue for Q1 fell 15.1 per cent to RM214.3 million, from RM252.3 million in the year-ago period. This occurred despite steady sales volumes in both the cleanroom and healthcare segments.
No dividend was declared for the quarter.
Executive chairman and CEO Wong Teek Son said that Q1 &ldquo was a challenging quarter for the group, with macroeconomic and geopolitical factors weighing on (its) reported performance&rdquo .
&ldquo Encouragingly, customer demand has to date been stronger than expected. Cleanroom glove segment continues to benefit from artificial intelligence infrastructure and data centre demand, while healthcare glove customers have proactively placed orders to build inventory in anticipation of prolonged supply chain disruptions,&rdquo he noted.
Wong added that the group remains &ldquo cautiously optimistic&rdquo about its long-term business growth prospects.
Shares of Riverstone : AP4 +4.79% closed at S$0.765 on Friday, up S$0.035 or 4.8 per cent, before the results were announced.
Riverstone Holdings (SGX: AP4): Dividend Yield 5%
Riverstone Holdings may not be a household name, but this Malaysian glove manufacturer operates six facilities across Malaysia, Thailand, and China with 10.5 billion gloves annual capacity.
While the glove sector?s pandemic boom is long over, Riverstone continues delivering dividends even as it navigates a strategic shift.
Revenue held steady at RM497.1 million in 1H2025, but profitability took a hit with net profit falling 29.6% to RM101.8 million.
The culprit?
Gross margins compressed from 39.6% to 29.7% as management pivoted towards generic healthcare gloves, a lower-margin product that?s seeing stronger demand from hospitals and medical facilities.
Despite the profit squeeze, Riverstone maintains financial strength with RM 602.3 million in cash and zero debt on its balance sheet.
Free cash flow remains healthy at RM121.2 million, though down 5.4% year on year (YoY) as the company invested RM29.4 million in capital expenditure (more than double the previous year?s spending) to commission three new healthcare production lines in the second half.
The company declared dividends of RM0.025 and RM0.030 per share for the second and first quarters respectively, showing management?s confidence in the transition strategy.
While facing headwinds from price competition, currency fluctuations, and potential US tariffs, Riverstone is betting that new higher-margin customised products will restore profitability once the healthcare capacity comes online.
Riverstone Holdings may not be a household name, but this Malaysian glove manufacturer operates six facilities across Malaysia, Thailand, and China with 10.5 billion gloves annual capacity.
While the glove sector?s pandemic boom is long over, Riverstone continues delivering dividends even as it navigates a strategic shift.
Revenue held steady at RM497.1 million in 1H2025, but profitability took a hit with net profit falling 29.6% to RM101.8 million.
The culprit?
Gross margins compressed from 39.6% to 29.7% as management pivoted towards generic healthcare gloves, a lower-margin product that?s seeing stronger demand from hospitals and medical facilities.
Despite the profit squeeze, Riverstone maintains financial strength with RM 602.3 million in cash and zero debt on its balance sheet.
Free cash flow remains healthy at RM121.2 million, though down 5.4% year on year (YoY) as the company invested RM29.4 million in capital expenditure (more than double the previous year?s spending) to commission three new healthcare production lines in the second half.
The company declared dividends of RM0.025 and RM0.030 per share for the second and first quarters respectively, showing management?s confidence in the transition strategy.
While facing headwinds from price competition, currency fluctuations, and potential US tariffs, Riverstone is betting that new higher-margin customised products will restore profitability once the healthcare capacity comes online.
News digested. Thiose want to out out. Those want to in , in already. See ahead.
Last Yr no flu disease this year plenty so future earning will be good 😌
Luckygal ( Date: 11-Nov-2025 12:03) Posted:
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Result is out. Better than last Q but much lower than LY Q. Dividend 2.5sen
Any bad news today this stock fall so much ?...Flu disease disappeared already ?
Nice to hear from u boss. Your Raffles Edu flies already.
Chansenghoe1971 ( Date: 11-Nov-2025 11:19) Posted:
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This is the stock i love to hate
Shorted big time
6 series please
Shorted big time
6 series please
LoL, think just sell and buy back at 70c. Have to wait for TP to get better
Sgvale ( Date: 11-Nov-2025 11:05) Posted:
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Strong recommendation before the fall. Ummm......
sfw2124 ( Date: 09-Oct-2025 21:16) Posted:
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RM appreciate against USD too much , 4q result will be badly affected.
Might go 7 series soon...
Only profit reduces 28% y-to-y, gives divident, these people treat the company going to bankrupt hapilly short haha
Riverstone 3QFY25 net profit grows 14.7% q-o-q to RM52 million on robust cleanroom demand from data centre and AI related industries
https://links.sgx.com/1.0.0/corporate-announcements/4CKY6BNLS1R1HZJO/866506_RHL%20-%20Press%20Release%203QFY2025.pdf
when are they announcing the dividend ..... need some pocket money
This stock at OCBC chart is uptrend it said target $1.04 ~$1.06. Malaysia the flu disease still strong spreading to many states somemore winter season coming may make gloves business look good too !