Riverstone announced a good set of 1H results with 2.3 Malaysian Sen interim dividend. A report from UOBKH is here.
The Company continued to be debt free and generating strong cash flows to fund its capex requirement while at the same time, maintains a strong dividend payout ratio of 40-50%. This is a very well run company.
The share price is at record high. We shall see how it performs in the next 6 months.
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