SINGAPORE (Jul 9): Against the backdrop of the Covid-19 pandemic, cleanroom product manufacturer Riverstone Holdings is seeing “outperformance” that is expected to continue into the next quarter.  UOB Kay Hian and CGS-CIMB are maintaining “buy” and “add” on the company respectively,...

SINGAPORE (July 3): With interest rates likely to remain low until end 2021 as the economy follows a “U-shaped” or “L-shaped” recovery, DBS analysts Yeo Kee Yan and Janice Chua are recommending investors to load up on yield stocks for the foreseeable future.  “The US COVID-19 resurgence a...

SINGAPORE (June 23): CGS-CIMB Research is rating the medical equipment and services industry “overweight” amid the Covid-19 pandemic. In a Monday report, lead analyst Ong Khang Chuen says, “As the world grapples with Covid-19, it faces a new normal until an effective and widely-available vacci...

SINGAPORE (June 19): Thanks to Covid-19, personal protective gear are now red-hot commodities. Investors and analysts have also jumped onto the bandwagon, scooping them up with fervour. Several Singapore-listed glove-makers are enjoying a surge in both trading volume and prices as they experience �...

SINGAPORE (June 12): The strong global demand for gloves makes Riverstone a hot stock, notes CGS-CIMB analyst Ong Khang Chuen. “We continue to like Riverstone for its attractive valuations (33% discount to Malaysia-listed glove sector average CY21F P/E of 24.7x),” he says in a June 11 note. “O...

SINGAPORE (May 22): CGS-CIMB is reiterating its ‘add’ or ‘buy’ call on personal protective gear manufacturer Riverstone Holdings, but at a revised target price of $2.50. This is up 34% or 64 cents from its previous $1.86 call, analyst Ong Khang Chuen says in a May 21 note. He explains this c...

SINGAPORE (May 13): Earnings of Malaysia-based glove and face mask manufacturer Riverstone Holdings soared 54.3% to RM46.6 million ($15.2 million) in 1Q20, from RM30.2 million a year ago, reinforcing that protective health gear are now the hottest investment property. Revenue for 1Q20 corresponding...

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

GLOVEMAKER Riverstone Holdings has seen a surge in orders as the Covid-19 outbreak creates increased demand for healthcare gloves.

RESEARCH houses remain bullish on their FY2020 outlook for Riverstone Holdings, which is set to benefit from strong demand for healthcare and cleanroom gloves amid the Covid-19 outbreak.