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DBS raises target price on Riverstone on rising glove prices, fatter margins
Published Wed, Jul 15, 2020 · 09:50 PM
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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 improved margins as reasons.
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