MAINBOARD-LISTED specialised cleanroom and healthcare glove manufacturer Riverstone Holdings on Thursday (Aug 11) reported earnings of RM208.9 million (S$64.3 million) for the first half ended June, sinking 79.9 per cent from RM1.04 billion in the year-ago period.

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

DBS Group Research has downgraded Riverstone Holdings to “hold” from “buy” with a lower target price of S$0.82 compared to S$0.97 previously, as it believes the counter now lacks near-term catalysts amid a more normalised environment.

DBS Group Research analyst Ling Lee Keng has downgraded her recommendation of Riverstone Holdings to “hold” with a lower target price of 82 cents from 97 cents.This is due to a lack of catalysts in the near term after the recent payment of the 38 sen (12.2 cents) in special and final dividends.T...

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 11):

Riverstone Holdings has reported earnings of RM108.7 million ($34.5 million) for the 1QFY2022 ended March, 79.2% down from earnings of RM522.7 million in the corresponding period the year before.Revenue for the quarter fell by 61% y-o-y to RM402.3 million as demand for personal protection equipment ...

MALAYSIAN glove maker Riverstone Holdings on Tuesday (May 10) posted a net profit of RM108.7 million (S$34.5 million) for the first quarter ended Mar 31, 2022, about one-fifth of the RM522.7 million net profit it booked in the year before.

DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong are recommending investors switch from stock leaders to laggards on the recovery theme.This is as shares in counters benefitting from the reopening theme have re-rated since the easing of measures that include lowering the DORSC...

THE prospect of relaxed Covid-19 restrictions has driven down the share prices of most glove makers so far this year. Top Glove Corporation, for instance, is down 23.4 per cent and UG Healthcare Corporation has also lost 23.4 per cent of its value.

Glove manufacturer Riverstone Holdings annnounced that its wholly-owned subsidiary Eco Medi Glove is acquiring six parcels of leasehold industrial lands with a total land area of about 18.33 acres located in an industrial area in Taiping, Perak, Malaysia.The consideration of RM17.57 million ($5.66 m...

RIVERSTONE Holdings' wholly-owned subsidiary has acquired 6 parcels of leasehold industrial lands in Perak, Malaysia from I-R & D Sdn Bhd and I-Berhad for RM17.6 million (S$5.7 million).

Amid the uncertainties due to the ongoing war in Ukraine, DBS Group Research analysts Yeo Kee Yan and Janice Chua have kept their year-end Straits Times Index (STI) target of 3,550 points. The target is pegged to slightly below a 13.2x average FY2023 P/E. The way Yeo and Chua see it, the three Sin...

FOLLOWING a banner year for glove maker Riverstone Holdings in 2021, investors might start to worry about how sustainable the Malaysian manufacturer's earnings are in 2022 and beyond.

RHB on Thursday (Feb 24) upgraded Riverstone to "neutral" from "sell" and raised its target price to S$0.74 from S$0.65, while noting that the glove maker's current valuation is fair.

The team at RHB Group Research has upgraded Riverstone to “neutral” from “sell”, as it sees the glove company’s cleanroom glove average selling prices (ASPs) to remain resilient in the shorter term. The team has also upped its target price estimate on the counter to 74 cents from 65 cents ...