Riverstone

Riverstone: 3Q14 in line. net profit rose 5.2% to RM16.5m, while revenue increased 9.2% to RM102.7m, from higher demand of gloves. Bottom line rose at a slower clip primarily because gross margin fell 2.1ppt to 25.8%. Management reiterated that its largest-ever expansion plan of 1b additional capacity is progressing smoothly and expects to be at full capacity of 4.2b by end 4Q14. Moving forward, Riverstone expects to further penetrate the fast-growing nitrile healthcare gloves while maintaining its leading position. In the lucrative cleanroom glove segment. Latest broker ratings: Maybank-KE maintains Buy with TP of $1.20