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BROKER’S TAKE

DBS raises target price on Riverstone on rising glove prices, fatter margins

Singapore

DBS Group Research has raised its target price on Malaysia-based nitrile glove manufacturer Riverstone Holdings to S$3.90 from S$3.09 previously.

In maintaining its "buy" call on the stock, analyst Ling Lee Keng cited higher average selling price (ASP) for gloves and...

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