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Brokers' take

Published Mon, Oct 5, 2015 · 09:50 PM

Riverstone Holdings | Buy

Oct 5 close: S$1.655

Target price: S$2.12

Maybank Kim Eng Research, Oct 1

WE hosted a non deal roadshow (NDR) for Riverstone in Malaysia. Many institutional funds were already familiar with healthcare gloves but found Riverstone's dominance of the cleanroom-glove niche appealing. Investors particularly liked its above-average returns on equity (ROEs), margins and less demanding valuations than local peers.

Near-term positives are an earnings boost from a strong US dollar to Malaysian ringgit (USD…

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