The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

The site in Peck Hay Road can yield about 315 private homes.

CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot

Evergrande’s liquidators have claimed “negligence” and “misrepresentation” in the auditing work done by PwC’s mainland and Hong Kong affiliates.

Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce

David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

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