Watch out for Omicron, as the new Covid-19 variant is set to exert short-term pressure on reopening names in travel and hospitality, along with office and retail segments, say DBS Group Research analysts Paul Yong and Yeo Kee Yan. “In the short-term, we can expect news flow on travel restrictions ...

Medical disposals stocks including the glove makers and Medtecs International is surging today, on news of possible new Covid-19 variants from South Africa. As at Nov 26, Top Glove is up 10.34% to 80 cents; Riverstone up 5.07% to 72.5 cents, UG Healthcare up 15.69% to 29.5 cents. Medtecs Internati...

Glove manufacturer Riverstone Holdings remains a counter on analysts’ watch lists, following a 49.2% y-o-y jump in its 3QFY2021 earnings to RM266.4 million ($86.3 million). This follows continued demand for its healthcare examination gloves, even though several countries have been treating Covid-1...

RHB has downgraded its call on Riverstone Holdings from "neutral" to "sell", with a lower price target of S$0.65, compared to S$0.95 previously.

GLOVE-MAKER Riverstone Holdings chalked up a near 50 per cent jump year-on-year in net profit to RM266.4 million (S$86.4 million) for the third quarter ended Sep 30, 2021.

Glove manufacturer Riverstone Holdings has reported a strong set of results in its 3QFY2021 business update even as the world tries to move toward an “endemic” Covid-19 strategy. Revenue for Riverstone grew 35.3% to reach RM652.8 million ($211.75 million), compared to 3QFY2020’s figure of 482....

A Hong Kong-based company that is a substantial shareholder of Interra Resources has trimmed its stake in the oil explorer and producer. On Oct 26, Poly Legend International sold around 11.1 million shares for $572,022.20, which works out to around 5.2 cents each. It now owns 43.8 million shares or ...

THE Straits Times Index (STI) largely outperformed other key regional indices, even as the city-state continued to grapple with a rising coronavirus case count.

DBS Group Research analyst Ling Lee Keng has maintained her “buy” call on Riverstone Holdings, albeit with a lower target price of $1.28 from $1.77 previously. The new target price is still pegged to Riverstone’s four-year average price-to-earnings (P/E) of 10 times on blended FY2022 and FY202...

The anticipated normalisation of earnings for the rubber products sector has begun as the supernormal earnings are in their final legs, says RHB Group Research analysts. In a Sept 28 note, analyst Sean Chew maintains “neutral” on the rubber products sector, with a “neutral” recommendation on...