Riverstone Holdings

Koufu

Price target:
UOB Kay Hian “buy” 77 cents
PhillipCapital “accumulate” 68 cents
CGS-CIMB “add” 94 cents

Glove manufacturer Riverstone Holdings posted earnings of RM331.1 million ($108.5 million) in its 4Q2020 ended December, up from RM32.1 million in the previous year.

CGS-CIMB Research’s Ong Kang Chuen has maintained his “neutral” call on the rubber glove sector, but highlighted “add” calls on Riverstone Holdings and UG Healthcare (UGHC) with target prices of  $

The healthcare manufacturing industry has proven to be resilient to economic shocks, but it is now seeing an unprecedented boom on the back of a health crisis not seen since the 1918 Spanish Flu ou

At the risk of sounding obvious, 2020 has not been a normal year.

As 2020 draws to a close, many will look back on this year as the most tumultuous in decades.

Top Glove, the world’s largest manufacturer of gloves, was able to break records in more ways than one this past year despite markets and economies being disrupted by the Covid-19

DBS Group Research’s Ling Lee Keng has downgraded her rating on Riverstone to “hold” and lowered her target price to $2.03, down from her previous figure of $2.76. 

Riverstone Holdings has reported a 3Q20 revenue figure of RM482.3 million ($157.2 million) for 3Q2020, a jump of 92% as compared to the same period last year. 

Chua Thian Poh, chairman and CEO of Ho Bee Land, increased his stake in the property group.