SINGAPORE (Jul 15): Cleanroom product manufacturer Riverstone Holdings receives another clean bill of health with a rosy outlook ahead, owing to strong demand in the face of Covid-19.

DBS Group Research analyst Ling Lee Keng is maintaining “buy” on the glove manufacturer with a raised target price of $3.90, up from $3.09.

“The number of Covid-19 cases has escalated in recent weeks. A second wave of infections could see glove demand sustained at high levels,” notes Ling in a report released today, adding that the company’s orderbook is fully locked in till June 2021.

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