Riverstone Earnings May Be Weighed by Persistent Glove Oversupply -- Market Talk

Dow Jones

Nov 13

0303 GMT - Riverstone's earnings could be weighed by persistent glove oversupply, say Nomura's Heng Siong Kong and Aakash Kedia in a note. The Singapore-listed glove manufacturer noted new production capacities are coming up in Indonesia, Cambodia and Vietnam as Chinese glove makers attempt to circumvent U.S. tariffs. Riverstone has also found it difficult to compete on glove pricing after Indonesia allowed coal use in production, the analysts add. They cut their 2025, 2026, and 2027 earnings per share estimates by 21%, 19% and 22%, respectively, to reflect slower volume growth and average selling price recovery, in line with Riverstone's more cautious outlook amid U.S. tariff uncertainty. Nomura lowers its rating to neutral from buy and trims the target to S$0.78 from S$0.93. The stock is down 0.6% at S$0.855.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 22:03 ET (03:03 GMT)

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The Singapore-listed glove manufacturer noted new production capacities are coming up in Indonesia, Cambodia and Vietnam as Chinese glove makers attempt to circumvent U.S. tariffs. Riverstone has also found it difficult to compete on glove pricing after Indonesia allowed coal use in production, the analysts add. They cut their 2025, 2026, and 2027 earnings per share estimates by 21%, 19% and 22%, respectively, to reflect slower volume growth and average selling price recovery, in line with Riverstone's more cautious outlook amid U.S. tariff uncertainty. Nomura lowers its rating to neutral from buy and trims the target to S$0.78 from S$0.93. The stock is down 0.6% at S$0.855.(megan.cheah@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  November 12, 2025 22:03 ET (03:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Riverstone Earnings May Be Weighed by Persistent Glove Oversupply -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRiverstone Earnings May Be Weighed by Persistent Glove Oversupply -- 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\">2025-11-13 11:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0303 GMT - Riverstone's earnings could be weighed by persistent glove oversupply, say Nomura's Heng Siong Kong and Aakash Kedia in a note. The Singapore-listed glove manufacturer noted new production capacities are coming up in Indonesia, Cambodia and Vietnam as Chinese glove makers attempt to circumvent U.S. tariffs. Riverstone has also found it difficult to compete on glove pricing after Indonesia allowed coal use in production, the analysts add. They cut their 2025, 2026, and 2027 earnings per share estimates by 21%, 19% and 22%, respectively, to reflect slower volume growth and average selling price recovery, in line with Riverstone's more cautious outlook amid U.S. tariff uncertainty. Nomura lowers its rating to neutral from buy and trims the target to S$0.78 from S$0.93. The stock is down 0.6% at S$0.855.(megan.cheah@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  November 12, 2025 22:03 ET (03:03 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":"BK6511","symbol_name":"医疗保健服务概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583536229","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583536229","pubTimestamp":1763002980,"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":"0303 GMT - Riverstone's earnings could be weighed by persistent glove oversupply, say Nomura's Heng Siong Kong and Aakash Kedia in a note. The Singapore-listed glove manufacturer noted new production capacities are coming up in Indonesia, Cambodia and Vietnam as Chinese glove makers attempt to circumvent U.S. tariffs. Riverstone has also found it difficult to compete on glove pricing after Indonesia allowed coal use in production, the analysts add. They cut their 2025, 2026, and 2027 earnings per share estimates by 21%, 19% and 22%, respectively, to reflect slower volume growth and average selling price recovery, in line with Riverstone's more cautious outlook amid U.S. tariff uncertainty. Nomura lowers its rating to neutral from buy and trims the target to S$0.78 from S$0.93. The stock is down 0.6% at S$0.855.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6511":"医疗保健服务概念","BK6103":"医疗保健用品","AP4.SI":"立合斯顿"},"translate_title":"Riverstone的盈利可能会受到手套持续供应过剩的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AP4.SI":0.9},"content_text":"0303 GMT - Riverstone's earnings could be weighed by persistent glove oversupply, say Nomura's Heng Siong Kong and Aakash Kedia in a note. The Singapore-listed glove manufacturer noted new production capacities are coming up in Indonesia, Cambodia and Vietnam as Chinese glove makers attempt to circumvent U.S. tariffs. Riverstone has also found it difficult to compete on glove pricing after Indonesia allowed coal use in production, the analysts add. They cut their 2025, 2026, and 2027 earnings per share estimates by 21%, 19% and 22%, respectively, to reflect slower volume growth and average selling price recovery, in line with Riverstone's more cautious outlook amid U.S. tariff uncertainty. Nomura lowers its rating to neutral from buy and trims the target to S$0.78 from S$0.93. The stock is down 0.6% at S$0.855.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2025 22:03 ET (03:03 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"}}}