Riverstone Holdings

Broker's digest: Koufu, VMS, Riverstone, United Hampshire US REIT  - THE EDGE SINGAPORE

Broker's Calls

Broker's digest: Koufu, VMS, Riverstone, United Hampshire US REIT

Koufu

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

Riverstone Holdings' earnings surges by 396.3% in FY2020; declares a total of 22 sens in dividends for the year - THE EDGE SINGAPORE

Results

Riverstone Holdings' earnings surges by 396.3% in FY2020; declares a total of 22 sens in dividends for the year

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.

'Strong showing' by rubber glove industry in 4Q2020: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

'Strong showing' by rubber glove industry in 4Q2020: CGS-CIMB

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  $

Healthcare equipment and glove makers enjoy a stellar year, drawing in new competitors - THE EDGE SINGAPORE

2020 in review

Healthcare equipment and glove makers enjoy a stellar year, drawing in new competitors

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

A market worth your time and participation - THE EDGE SINGAPORE

Billion Dollar Club 2020

A market worth your time and participation

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

Well-placed to play central role in building sustainable financial future for Asia - THE EDGE SINGAPORE

Billion Dollar Club 2020

Well-placed to play central role in building sustainable financial future for Asia

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

A trying year, but Top Glove comes out tops - THE EDGE SINGAPORE

Billion Dollar Club 2020

A trying year, but Top Glove comes out tops

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 downgrades Riverstone Holdings to ‘hold’, other analysts still positive - THE EDGE SINGAPORE

Broker's Calls

DBS downgrades Riverstone Holdings to ‘hold’, other analysts still positive

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 reports strong 3Q20 performance with 92% y-o-y jump in revenue - THE EDGE SINGAPORE

Results

Riverstone reports strong 3Q20 performance with 92% y-o-y jump in revenue

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. 

Insider moves

Ho Bee CEO Chua and Riverstone CEO Wong raise stakes in respective companies

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

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