SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Riverstone Holdings carries approximately RM700 million in net cash with no debt as of 31 March 2026.</li><li>Cleanroom gloves contribute around 70% of Riverstone's gross profit, despite only 20% of production capacity being allocated to them.</li><li>Riverstone plans to continue paying out approximately 100% of earnings plus a special dividend equal to annual depreciation.</li></ul>

Riverstone Holdings carries approximately RM700 million in net cash with no debt as of 31 March 2026.Cleanroom gloves contribute around 70% of Riverstone's gross profit, despite only 20% of production capacity being allocated to them.Riverstone plans to continue paying out approximately 100% of earnings plus a special dividend equal to annual depreciation.

kopi-C with Riverstone Holdings CEO: The glove maker quietly benefiting from the AI Boom

Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Singapore Telecommunications / Event-Driven

<ul>
<li>Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,200+ Insights published over the past two weeks on Smartkarma</li>
<li>In this cut, we review value-unlocking moves by Singapore-listed companies, take stock of India’s jewellery retail market, and track how Taiwan’s largest ETF drives flows for its adds and deletes</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next</li>
</ul>


Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,200+ Insights published over the past two weeks on Smartkarma
In this cut, we review value-unlocking moves by Singapore-listed companies, take stock of India’s jewellery retail market, and track how Taiwan’s largest ETF drives flows for its adds and deletes
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next


Curator's Cut: Singapore Unlocks Value, India’s Jewellery Caution & Taiwan's Top ETF's Rebalance

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

<ul><li><a href="https://finance.yahoo.com/quote/AP4.SI/" target="_blank" rel="noopener">Riverstone</a>’s (RSTON SP — US$779 million) CEO recently bought 1 million shares on the open market.</li><li>That caught my attention. Insider buying after a decline in the share price is usually a positive sign.</li><li>I also knew that Riverstone had been one of the best-performing stocks on the Singapore Stock Exchange, compounding earnings per share at a +15% annual rate since its IPO in 2006.</li></ul>

Riverstone’s (RSTON SP — US$779 million) CEO recently bought 1 million shares on the open market.That caught my attention. Insider buying after a decline in the share price is usually a positive sign.I also knew that Riverstone had been one of the best-performing stocks on the Singapore Stock Exchange, compounding earnings per share at a +15% annual rate since its IPO in 2006.

Riverstone (RSTON SP): An Unexpected AI Beneficiary at 10x Next-Year P/E and 8% Dividend Yield

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

<ul>
 <li>
<a href="https://smartkarma.com/entities/riverstone-holdings-ltd">Riverstone Holdings</a> is a specialist manufacturer of high-end cleanroom and healthcare gloves, catering to resilient and growing sectors like semiconductors and pharmaceuticals.</li>
 <li>The company exhibits strong financial resilience and a compelling dividend profile; however, it is currently navigating a post-pandemic normalization period characterized by declining revenues and profits from recent highs.</li>
 <li>Forward-looking growth is contingent on the expansion of high-tech manufacturing and healthcare sectors, while key risks include raw material price volatility, intense competition, and cyclicality in end-user industries.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Riverstone Holdings is a specialist manufacturer of high-end cleanroom and healthcare gloves, catering to resilient and growing sectors like semiconductors and pharmaceuticals.
  The company exhibits strong financial resilience and a compelling dividend profile; however, it is currently navigating a post-pandemic normalization period characterized by declining revenues and profits from recent highs.
  Forward-looking growth is contingent on the expansion of high-tech manufacturing and healthcare sectors, while key risks include raw material price volatility, intense competition, and cyclicality in end-user industries.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Riverstone Holdings (RSTON SP) - Apr 2026

Multi-Family Office & Asset Management, Phidelis Capital

Phidelis Capital

Multi-Family Office & Asset Management

A buy side firm - a multi-family office & an asset management firm - regulated by the Monetary Authority of Singapore (MAS), holding a Capital Markets Services (CMS) License under the Securities & Futures Act 2001

Thematic (Sector/Industry)

<ul><li>Phidelis Capital's inaugural Phidelis360 report assesses five SGX-listed mid-cap healthcare companies</li><li>Tianjin Pharma, Haw Par Corp, Raffles Medical Group, Thomson Medical Group, and Riverstone Holdings</li><li>Shortlisted from over thirty SGX-listed small- and mid-cap healthcare stocks, across operating and financial performance, ESG assessments, and analysts coverage.</li></ul>

Phidelis Capital's inaugural Phidelis360 report assesses five SGX-listed mid-cap healthcare companiesTianjin Pharma, Haw Par Corp, Raffles Medical Group, Thomson Medical Group, and Riverstone HoldingsShortlisted from over thirty SGX-listed small- and mid-cap healthcare stocks, across operating and financial performance, ESG assessments, and analysts coverage.

Assessing SGX-Listed Healthcare Companies’ Financial & ESG Performance

Singapore

Riverstone Holdings Limited is a manufacturer and distributor of cleanroom and healthcare products, including nitrile gloves, finger cots, face masks, and packaging bags. The company serves the hard disk drive, semiconductor, and healthcare industries. Headquartered in Singapore, the company was established in 1989.

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Riverstone (RSTON SP)

kopi-C with Riverstone Holdings CEO: The glove maker quietly benefiting from the AI Boom

Riverstone Holdings carries approximately RM700 million in net cash with no debt as of 31 March 2026. Cleanroom gloves contribute around 70% of...

Singapore Exchange Ltd (SGX)

Curator's Cut: Singapore Unlocks Value, India’s Jewellery Caution & Taiwan's Top ETF's Rebalance

We review how value is being unlocked in Singapore, why Indian jewellery retail merits due diligence, and Taiwan's largest ETF's impact on flows

Pranav Rao