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Riverstone still in growth mode: DBS

Samantha Chiew
Samantha Chiew8/8/2018 11:06 AM GMT+08  • 2 min read
Riverstone still in growth mode: DBS
SINGAPORE (Aug 8): DBS is maintaining its “buy” recommendation on Riverstone Holdings as the research house believes the group can outperform its peers as it ramps up on its incoming cleanroom glove capacities.
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SINGAPORE (Aug 8): DBS is maintaining its “buy” recommendation on Riverstone Holdings as the research house believes the group can outperform its peers as it ramps up on its incoming cleanroom glove capacities.

However, DBS has lowered the target price to $1.25, on lower gross margin assumptions.

This follows the group’s announcement of its 2Q18 earnings, which saw a 23.9% increase to RM33.6 million ($11.2 million), compared to RM27.1 million in 2Q17.

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