Riverstone - The power of dividend. She is rising up to test 83 cents and above

 Riverstone - The power of dividend.  She is rising up to test 83 cents and above.

Beyond 83 cents,  she may rise up to retest 86-88 cents. Pls dyodd. XD 11 September for MYR 5 cents dividend.

 I think gd price is back. 0.80 preferable.  

Lai ah, jiak.

5th June 2026:

First Half results is out! A nice sets of financial numbers.   Interim dividend of MYR 5 cents. 2026 revenue increased 24.5% q-o-q to RM266.7 million from RM214.3 million in 1Q2026, driven by stronger 

cleanroom glove demand. 

 2Q2026 gross profit rose 54.8% q-o-q to RM96.0 million, with gross profit margin expanding 7.0 pts to 36.0%, 

the highest in eight quarters, driven by improved average selling prices. 

 Proposes an interim dividend of 5.0 sen (RM) per ordinary share for 1H2026, translating to a payout ratio of 69.3%.

Riverstone - She is loosing steam, likely to go down to test 80 cents.

Next, she may go down to fill the Gapped at 75 cents. Pls dyodd. 

 Gapped up this morning and rises higher to touch 91 cents, Awesome! I think Big Boys are playing! Pls dyodd. 

First Quarter results is out! Gross Revenue and Net profit is being dragged down due to MYR strengthen against USD. Both Revenue and Net profit is down. Outlook remain positive. 

Gross profit was RM62.0 million, with gross profit margin at 28.9%. Net profit attributable to shareholders was RM41.1 

million, declining 23.9% q-o-q and 27.1% y-o-y. 

Despite the challenging quarter, the Group continued to generate positive operating cash flows. Cash and cash 

equivalents grew RM69.8 million sequentially to RM700.2 million as of 31 March 2026, from RM630.4 million as of 31 

December 2025, strengthening the Group's balance sheet. This strong cash position reinforces the Group's ability to 

support continued strategic execution and navigate the current macroeconomic uncertainties.

Riverstone  - Chart wise, looksl like a nice reversal price patterns and may likely rise up to test 80 cents again. Final dividend of MYR 5 cents, XD 7 May, do take note!

A nice breakout of 80 cents with ease we may likely seeing her rising up further towards 84 than 90 cents and above. Pls dyodd. The company is cash rich with zero debts or net cash position. They have good track record of consistently paying out dividend every year. 

Riverstone Resources is established in year 1989. We specialize in the production of premium quality cleanroom gloves & premium quality healthcare gloves, fingercots, packaging bags and face masks. Over the years, with the full support of our valued customers and the commitment of our staff, we have grown to become the leading global supplier for Cleanroom gloves.

Our products are widely qualified and used in the Hard Disk Drive (HDD) and semiconductor industries. We export more than 85% of our products to key high technology customers in the Americas, Asia and Europe.In order to cope with the market demand, we have increased our capacity by setting up a new manufacturing plant in Thailand in year 2001. In year 2004, we also built a new plant in Wuxi, China. In 2010, a new state-of-the-art manufacturing plant was built in Taiping, Perak. With this, we now have a combined capacity of 10billion pieces of glove per year.