0546 GMT - Riverstone Holdings' growth prospects seem intact, RHB Research says, citing the company's postearnings briefing. These prospects are based on the glove manufacturer's differentiated strategy that should mitigate any near-term challenges for its generic product segment, the research team says in a note. The continued recovery in global semiconductor sales and the company's above-industry-average operating efficiency should enable it to deliver strong results this year, the team adds. However, RHB trims its 2025 and 2026 earnings forecasts for Riverstone by 1% and 5%, respectively, bringing them in line with the management's guidance. It lowers the stock's target price to S$1.18 from S$1.20 with an unchanged buy rating. Shares are 2.0% higher at S$1.01. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 00:47 ET (05:47 GMT)
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