Singapore Stock Market News
Riverstone Holdings - Expecting Stellar 3Q Results
StockFanatic
Publish date: Tue, 03 Nov 2015, 02:05 PM
StockFanatic
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We expect Riverstone to deliver stellar 3Q results with net income surging 90% YoY and 13% QoQ on the back of favourable forex movements (the USD strengthening against the MYR). Reiterate BUY with a higher SGD2.25 TP (13% upside). Most notably, the cleanroom business is poised to enjoy the full benefit of the MYR increment in ASP, thanks to its customers who are less price sensitive.
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