See: DBS downgrades Riverstone Holdings to ‘hold’, other analysts still positive
For more stories about where the money flows, click here for our Capital section
Ling also expects Riverstone’s average selling price (ASP) for FY2021F to be “firm” on the back of strong demand and tight supply. “The ASP increase for January and February is about 5% to 10% month-on-month (m-o-m),” she says. “Order visibility has further extended to December 2021.” As at 4.30pm, shares in Riverstone are 3 cents higher or 2.2% up at $1.38.