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

Dow Jones

Oct 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)

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Ringgit -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-14 13:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 14, 2025 01:33 ET (05:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6103","symbol_name":"医疗保健用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2575250368","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575250368","pubTimestamp":1760419980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6103":"医疗保健用品","AP4.SI":"立合斯顿","BK6511":"医疗保健服务概念"},"translate_title":"Riverstone Holdings面临美元兑林吉特疲软的盈利打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AP4.SI":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 14, 2025 01:33 ET (05:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}