$SGX-AP4 RIVERSTONE
As we close in to the 5 years of Covid boom and bust of the glove sector, this is still the only rubber glove company I know in the world, that came out of it without recording a single financial loss in a quarter.
And listening into their latest QR briefing, they're not stopping on YoY earnings growth.
I believe besides $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD), RIVERSTONE will be exposed more than other glovemakers to US client demands. $KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD)
In the briefing, management mentioned that healthcare glove volume had increased 30% QoQ, with the driver being the tariff in US made some clients moved back and gave order. And the best thing is that ASP for US clients can and had been increased.
Management believe that US market will contribute 70% to overall business next year, up from 40% contribution this year.
Looking forward to more yummy dividends and earnings growth in 2025!
@zhexiangxd @CalmSage @terence775