THE following companies saw new developments that may affect trading of their securities on Wednesday:

MALAYSIAN glove maker Riverstone Holdings posted a net profit of RM522.7 million (S$169.7 million) for the first quarter ended March 31, 2021, about 11 times its RM46.6 million net profit recorded the year before.

MALAYSIAN glove maker Riverstone Holdings posted a net profit of RM522.7 million (S$169.7 million) for the first quarter ended March 31, about 11 times its RM46.6 million net profit recorded the year before.

Glovemaker Riverstone Holdings has reported earnings of RM522.7 million for the three months ended March 2021, up 1,021.7% y-o-y. Revenue in the same period was RM1,032.3 million up 269.5% y-o-y, as demand for protective equipment remains strong. The company’s production capacity, following a rece...

Singapore has been dealing with the Covid-19 pandemic for over a year now and several new trends have risen in the market amid the “new norms”. In RHB Securities Singapore’s 20 Jewels 2021 Edition, the research house notes that while Covid-19 caused a steep correction in global markets, especi...

To minimise the likelihood of another circuit breaker, the multi-ministry taskforce has introduced additional anti-Covid-19 measures taking the country back to Phase 2 measures that will take effect from May 8 to May 30. On this, CGS-CIMB Research analyst Lim Siew Khee has advised investors not to t...

RHB Group Research analyst Shekhar Jaiswal says the cabinet reshuffle, which will see Lawrence Wong becoming the new Minister for Finance, as well as other shifts within six other ministries, will not impact his view on Singapore’s economic or market outlook. “We expect Singapore to remain polit...

KUALA LUMPUR (March 15):�Malaysia's export revenue is expected to grow at a slower pace of 8% to RM38 billion in 2021, compared with a 103% growth last year, said the Malaysian Rubber Glove Manufacturers Association (MARGMA), taking into account shorter lead time and lower average selling prices (AS...

DBS Group Research analysts Woon Bing Yong and Ling Lee Keng have maintained their “buy” recommendation on Medtecs International Corporation as they see the company being “in for the long haul”. Woon and Ling have also lowered their target price estimate on the counter to $1.25 from $1.30 ba...

Analysts from CGS-CIMB Research and RHB Group Research have maintained their “buy” and “add” calls on Riverstone Holdings, but with lower target prices of $2.30 and $1.85 respectively. For CGS-CIMB’s Ong Kang Chuen, the lower target price was due to the group’s elevated average selling p...