For the three months to March 31, Riverstone reported a 1% y-o-y increase in revenue but earnings dropped by 19% y-o-y no thanks to higher material costs and an unfavourable product sales mix which weighed down margins as well.
Glove maker Riverstone Holdings (SGX:AP4
) has reported a weaker set of 1QFY2025 earnings and while below expectations, RHB Bank Singapore has maintained its "buy" call on this stock.
However, having taken into account less favourable currency movements and lower selling prices, RHB has trimmed its target price from $1.18 to $1.08.
