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Home / Capital / Brokers Calls

RHB stays 'neutral' on Riverstone on downtrend in glove prices

Broker's Calls

RHB stays 'neutral' on Riverstone on downtrend in glove prices

Atiqah Mokhtar Published on Fri, Aug 06, 2021 / 7:42 PM GMT+8

Despite a ‘strong’ set of 1HFY2021 ended June earnings, RHB Group Research has kept its ‘neutral’ rating for Riverstone Holdings with an unchanged target price of $1.30.

See: Riverstone reports 656.8% earnings jump

In an August 6 research note, RHB’s Singapore research team says Riverstone’s 1HFY2021 results were in line with their estimates, with the company reporting a surge in earnings on higher average selling prices (ASPs) and volumes.