Riverstone kept at 'buy' with higher price target of $1.21 by Maybank-Kim Eng

Stock Name: Riverstone
Company Name: RIVERSTONE HOLDINGS LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.21

SINGAPORE (Nov 25): Maybank-Kim Eng is maintaining its "buy" call on Riverstone Holdings with a higher target price of $1.21.

In a Nov 25 report, analysts John Cheong and Gregory Yap said they remain optimistic about the prospects of the company, given that the manufacture of customised healthcare gloves remains a compelling business.

Maybank-Kim Eng recently hosted Riverstone to an non-deal roadshow with institutional clients in Malaysia and many walked away appreciative of Riverstone's dominance of the high-end cleanroom glove market.