Analysts from RHB Group Research and CGS-CIMB Research have given mixed reactions to UG Healthcare’s announcement on July 12 that it was halting operations of its manufacturing plants in Seremban temporarily due to Malaysia's Enhanced Movement Control Order (EMCO) from July 9 to July 22. RHB’s S...

UOB Kay Hian's Adrian Loh and the Singapore research team remain positive on the Straits Times Index (STI) and Singapore equities despite foreseeing a potentially bumpy recovery in the Asian region in the 2H2021. “We believe that the STI has tailwinds from Singapore’s robust GDP growth and posit...

UOB Kay Hian remains bullish on Singapore equities despite a potentially bumpy 2H2021 ahead. “Although the Asian region faces a more bumpy recovery post Covid-19, we believe the STI has tailwinds from Singapore’s robust GDP growth and positive sentiment from the re-opening,” says analyst Adria...

The Singapore research team at RHB Group Research has downgraded Riverstone to ‘neutral’ from ‘buy’ with a lower discounted cash flow (DCF)-derived target price of $1.30 from $1.85. The lower target price came about due to lower earnings estimates and higher long-term ESG-related costs from ...

UOB Kay Hian reports a divergence in institutional and retail investors' behaviour in May, while the Straits Times Index (STI) saw an overall “stable” month after picking up from a mid-month dip to 3,032 to close at 3,164 on May 31. According to analyst Adrian Loh and the Singapore research team...

MALAYSIAN glove maker Riverstone Holdings has confirmed 75 positive Covid-19 cases among its factory workers from its manufacturing facilities based in Perak, it said in a regulatory update on Sunday.

Photo: The Edge Singapore CGS-CIMB Research analyst Lim Siew Khee has identified several counters, which she deems as “relatively defensive” as the country enters into heightened alert phase two measures. These are: Keppel DC REIT, Singapore Exchange (SGX), Singapore Technologies Engineering (ST...

Analysts from DBS Group Research, CGS-CIMB Research and RHB Group Research are upbeat on Riverstone Holdings after its 1QFY2021 ended March beat their expectations on the back of strong demand and higher average selling prices (ASPs). DBS and RHB maintained their ‘buy’ calls with unchanged targe...

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.