Home Capital Broker's Calls

Riverstone to see gradual recovery as expansion plans remain on track

Jude Chan
Jude Chan12/14/2016 11:12 AM GMT+08  • 2 min read
Riverstone to see gradual recovery as expansion plans remain on track
SINGAPORE (Dec 14): UOB Kay Hian is keeping its “hold” call on glovemaker Riverstone Holdings amid expansion at its Taiping plant in Malaysia going according to plan.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 14): UOB Kay Hian is keeping its “hold” call on glovemaker Riverstone Holdings amid expansion at its Taiping plant in Malaysia going according to plan.

UOB is recommending a target price of 94 cents at an entry price of 80 cents.

Riverstone is on a 5-phase expansion project to bring total production capacity to 8.2 billion pieces of gloves by 2018. The company plans to increase production capacity by 1 billion pieces each year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now