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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