A WHOLLY-OWNED subsidiary of Riverstone Holdings has acquired a piece of industrial land in Malaysia for a total consideration of RM5 million (S$1.6 million) in a bid to expand the group's production capacity for cleanroom gloves and other operations.

Riverstone Holdings has, through its wholly-owned subsidiary Riverstone Resources, acquired a piece of industrial land at No. 17, Jalan Jasmine 3, Kawasan Perindustrian Bukit Beruntung, Selangor, Malaysia for a consideration of RM5 million ($1.6 million) The land measures about 6,740.76 sqm (or 72,5...

CGS-CIMB Research’s Ong Kang Chuen has maintained his “neutral” call on the rubber glove sector, but highlighted “add” calls on Riverstone Holdings and UG Healthcare (UGHC) with target prices of  $2.50 and $1.70 respectively. In a Jan 12 report, Ong said he believes fundamentals of gl...

DBS Group Research has upgraded Riverstone Holdings to "buy" from "hold" and lowered its target price to S$1.85 from S$2.03.

DBS Group Research analyst Ling Lee Keng has upgraded Riverstone Holdings to “buy” from “hold”, albeit with a lower target price of $1.85 from $2.03 previously. The upgrade comes as valuations for the counter have become more “attractive” after a correction in its share price. “Share p...

DBS Group Research has upgraded Riverstone Holdings to "buy" from "hold" and lowered its target price to S$1.85 from S$2.03.

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

FOR the five local trading sessions that spanned Dec 11 to 17, the Straits Times Index (STI) gained 1.2 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging 0.7 per cent gains. This has brought the STI's decline in total return for the 2020 year to Dec 17 to 7.6 per ce...

At the risk of sounding obvious, 2020 has not been a normal year. That is why we are organising the annual Billion Dollar Club differently although we wish we could have a physical event so that we can meet our winners in person, congratulate them, greet old friends and make new ones. Nonetheless, t...

Top Glove, the world’s largest manufacturer of gloves, was able to break records in more ways than one this past year despite markets and economies being disrupted by the Covid-19 pandemic. That is because heightened health and public safety have led to a spike in demand for medical products, espe...