Stock Name: Riverstone
Company Name: RIVERSTONE HOLDINGS LIMITED
Company Name: RIVERSTONE HOLDINGS LIMITED
| Research House: Maybank Kim Eng | Price Call: BUY | Target Price: 1.21 |
SINGAPORE (Jan 28): Maybank Kim Eng is maintaining its "buy" call on Riverstone Holdings with a $1.21 target price.
In a Jan 28 report, Maybank Kim Eng says competition in the nitrile healthcare glove sector is expected to intensify this year on a 17% rise in capacity for 19 billion gloves by the Big Four glovemakers and Riverstone.
"Still, we think providers of differentiated products and more efficient players with strong take-up for their new capacity can continue to thrive," say analysts John Cheong and Gregory Yap.
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