0040 GMT - Riverstone's 3Q results likely improved sequentially on higher demand and softer input costs, says UOB Kay Hian's Heidi Mo in a note. The Singapore-listed glove maker has projected sales volume of its cleanroom gloves to rise 10% on quarter, driven by robust demand from semiconductor and AI-related data storage industries, Mo notes. The average selling prices of these gloves are stable while material costs have softened, which could boost margins in 3Q, she says. Riverstone's dividends are likely to remain attractive with a projected 7.3% dividend yield in 2026, the analyst adds. UOB KH lifts its rating on the stock to buy from hold and raises its target to S$0.98 from S$0.71. Shares last closed 2.4% lower at S$0.805.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 09, 2025 20:40 ET (00:40 GMT)
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