Shares & Derivatives
Riverstone 3Q19 preview: Potential to surprise?
By New Academy of Finance  •  October 31, 2019

Riverstone is one of the leading manufacturers of cleanroom and healthcare gloves in Malaysia. The company is expected to announce its 3Q19 results sometime around 1 November.

After many quarters of rather lackluster results, we believe this quarter has the potential to surprise positively, particularly on the back of a low comparison base last year.

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Consistent revenue growth
Source: Company

The company has been very consistent in growing its revenue, as evident from the chart above gleaned from its presentation pack. This is due to a consistent growth in its capacity, coupled with generally resilient demand (although pricing under pressure).

We expect a low double-digit revenue growth trend to persist over the coming quarters which will result in yet another record revenue year for Riverstone in 2019.

Not so steady on margins
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By New Academy of Finance
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