Tuesday, November 25, 2014

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 EngPrice Call: BUYTarget 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.

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