The Business Times
business-time-50

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

Fiona Lam

Fiona Lam

Published Wed, Jul 15, 2020 · 09:50 PM

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.

GlovesRiverstone holdings

TRENDING NOW

Higher Singapore dollar rates should support the net interest margins of DBS, OCBC and UOB.

Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more

The fully furnished 1,292 sq ft apartment at #21-07 Gramercy Park had an opening price of S$3.82 million. 

Luxury properties seized in S$3 billion money laundering case fail to sell at auction

The Golden Violet oil tanker docked at a PT Pertamina facility in Tanjung Priok Port in Jakarta, Indonesia. Asia’s new energy security architecture should have a support mechanism to help Asian countries build emergency oil reserves through financing and technical assistance.

Asia needs new energy security architecture

Senior Minister of State for Law and Transport Murali Pillai speaking at the launch of Singapore International Dispute Resolution Academy’s 2026 survey on global dispute resolution practice, held as part of Singapore Convention Week.

What can help give businesses more confidence to expand across borders?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More