Riverstone Holdings Faces Earnings Hit From Weak U.S. Dollar Vs. Ringgit -- Market Talk

Dow Jones
2025/10/14

0533 GMT - Riverstone Holdings faces an earnings hit from a weak U.S. dollar versus the Malaysian ringgit, CGS International's William Tng says in a research report. The average rate of USD/MYR was 4.2261 in 3Q, down from 4.3080 in 2Q, the analyst notes. Factoring in a still-weak dollar versus the ringgit, which affects the Singapore-listed Malaysian glove manufacturer's export-oriented business, the brokerage reduces its 2025 net profit forecast for Riverstone by 8.3%. However, CGS International reiterates the stock's add rating and the target price of S$0.91 as the brokerage's projected 2025 net profit decline for Riverstone seems priced in. Shares are 1.2% higher at S$0.83. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 14, 2025 01:33 ET (05:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10