Riverstone Holdings

Riverstone announced a good set of 1H results with 2.3 Malaysian Sen interim dividend. A report from UOBKH is here.

The Company continued to be debt free and generating strong cash flows to fund its capex requirement while at the same time, maintains a strong dividend payout ratio of 40-50%. This is a very well run company.

The share price is at record high. We shall see how it performs in the next 6 months.