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Riverstone Holdings on track to raise production capacity

Samantha Chiew
Samantha Chiew8/20/2018 11:00 AM GMT+08  • 2 min read
Riverstone Holdings on track to raise production capacity
SINGAPORE (Aug 20): CGS-CIMB is maintaining its “add” call on Malaysia-based glove manufacturer, Riverstone Holdings, with a target price of $1.30.
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SINGAPORE (Aug 20): CGS-CIMB is maintaining its “add” call on Malaysia-based glove manufacturer, Riverstone Holdings, with a target price of $1.30.

This came on the back of the research house hosting a non-deal roadshow for the group in Kuala Lumpur, which saw investors displaying a keen interest in the group.

In a Friday report, analyst Colin Tan says, “We stay positive on its earnings growth outlook as Riverstone is on track to raise annual production capacity by 18% to 9.0 billion gloves by end-FY18F and subsequently, to 10.4 billion by end-FY19F.”

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