The pace and scale of changes in the last two and a half years have been extreme. Even as the worst of the pandemic seems to be over, economies and countries globally continue to face tough challenges. The lingering pandemic, the situation in Ukraine, tightening financial conditio...

The two winners within this industry sector — Top Glove and Riverstone Holdings — are Malaysia-based, Singapore-listed glove makers who rode on a surge in demand for their products after the Covid-19 outbreak. Riverstone Holdings won returns to shareholders with a CAGR of 22%....

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

MAINBOARD-LISTED specialised cleanroom and healthcare glove manufacturer Riverstone Holdings on Wednesday (Nov 9) reported third-quarter earnings of RM63.5 million (S$19 million), a 76.2 per cent fall from RM266.4 million in the year-ago period.

CGS-CIMB has downgraded Riverstone Holdings rating to “hold” from “add” with a lower target  price of S$0.80 down from S$1.10 previously, as it believes weakening glove demand will lead to lower plant utilisation in H2 2022. 

CGS-CIMB Research has downgraded Riverstone Holdings to “hold” from “add” previously due to weaker prospects for the healthcare glove industry.On Aug 11, Riverstone reported earnings of RM208.9 million ($64.4 million) for the 1HFY2022 ended June, 79.9% lower than the earnings of RM1.04 billi...

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...