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

Atiqah Mokhtar
Atiqah Mokhtar8/6/2021 7:42 PM GMT+08  • 2 min read
RHB stays 'neutral' on Riverstone on downtrend in glove prices
RHB believes glove prices have peaked in 1Q21.
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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.

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