Riverstone Holdings - Strong Momentum To Sustain | I3investor

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Riverstone Holdings - Strong Momentum To Sustain

StockFanatic

Publish date: Wed, 05 Aug 2015, 02:22 PM

Riverstone reported a stellar 2Q15, with PATMI surging 68.1% YoY to MYR27.0m on MYR129.0m revenue (+33.2% YoY), thanks largely to the weakening MYR. Maintain BUY with higher SGD2.06 TP, based on DCFE valuation (CoE: 8.0%, TG: 2%, 18% upside), implying 19.7x FY15F P/E. We expect continued macroeconomic tailwinds and the cleanroom business to pick up from 2H, sustaining the strong momentum.

Riverstone (AP4)

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